John T. Murphy

John T. Murphy

Vice Chairman


    Recognized as one of the leading real estate experts in Chicago for his development, advisory and management skills, Mr. Murphy has been on the real estate scene since 1989. As Vice Chairman of MB Real Estate he provides leasing and development services to MB Real Estate and serves as a principal and advisor to institutional clients. He also leads development initiatives and has been involved in various equity syndications for the acquisition and repositioning of assets across the United States.

    Primarily as a principal and owner, Mr. Murphy has been involved in, and in most cases, led the development and repositioning of several million feet throughout the Midwest and East Coast. His recent notable accomplishments include Lincoln Park 2550, a prestigious three-tower, 228-unit luxury condominium development in Chicago’s Lincoln Park neighborhood; the Hyatt Chicago “The Loop,” a $71 million redevelopment of 100 W. Monroe, a 130,976 square foot historic office high-rise in Chicago into a 257-room, full-service hotel; the 85,839 square foot redevelopment of the Chicago Motor Club building at 68 E. Wacker into a 143-room, select-service Hampton Inn; and a 237,200 square foot redevelopment of the Oriental Theater Building at 32 W. Randolph into a downtown multi-family rental. He is also actively involved in the development of a 206 acre private marina and beach resort on Lake Erie in Ohio.

    Over the years, Mr. Murphy has also brokered high-profile properties such as the development site at 155 North Wacker and 200 West Jackson. Other notable past achievements include successfully leasing several Chicago properties such the Citadel Center, 200 North LaSalle and 230 West Monroe. Mr. Murphy received his bachelor’s degree from John Carroll University in Ohio. He is an active member of the Building Owners & Managers Association, the Urban Land Institute and the Executive Club of Chicago. In addition to participating in various civic organizations, he also serves as Trustee for the Peggy Notebaert Nature Museum and is co-chair of the buildOn organization (formerly Building with Books).





    • Bachelors Degree, John Carroll University (University Heights, Ohio)

    • Licensed real estate broker in the state of Illinois
    • Featured in Real Estate Chicago Magazine's 40 Under 40 List, Wall Street Journal, Chicago Tribune, Chicago Sun-Times and Crain's Chicago Business
    • Chicago Architectural Foundation Trustee Award
    • Illinois Real Estate Journal's Broker All-Stars Award
    • Named to Crain's Chicago Business Who's Who of Chicago 2015

    • Building Owners & Managers Association (BOMA)
    • Executive Club of Chicago
    • Urban Land Institute (ULI)
    • Co-chair of buildOn (formerly Building with Books)

    • AON
    • Chase
    • Cornerstone Real Estate Advisors LLC
    • Eurohypo.
    • General Electric Pension Trust
    • MassMutual