Steve Lipe

Developer and Managing Broker

Chicago, IL


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Lipe Property Company is a boutique real estate company founded in 2001. While It is opportunistic in the types of projects it pursues, the focus of Lipe Property Company has been in the development, management and representation in the urban multi-family residential and urban retail sectors.

Steve Lipe has been developing real estate in Chicago since 1994. In the mid-1990 s he helped found Chicago Urban Properties one of Chicago s largest loft and condominium developers in the latter part of the 1990 s. They developed over 600 lofts, condominiums and townhouses in a three year span.

From Chicago Urban he joined Centrum Properties as a partner in 1998. Centrum completed a wide variety of large-scale commercial and residential projects in Chicago and other Midwestern cities during Lipe s tenure.

The projects include two notable Chicago properties: 1) the redevelopment of the Montgomery Ward s headquarters campus in River North into 2,500 dwellings units and over two million square feet of commercial space and, 2) the construction of the mixed use North Avenue Collection at North Avenue and Sheffield Street in Lincoln Park.

Lipe Property Company was founded in 2001. This boutique real estate development firm has allowed Lipe to combine the sophistication and quality architectural design evident in his earlier work with the personal touch and community sensitivity only available with a smaller, more narrowly focused company.

Lipe Property Company is a licensed Real Estate Brokerage firm. The services Lipe Property Company can offer clients include: Asset Management, Property Management, and Program Management. Further, Lipe s experience with multiple property types can offer its clients property valuation services of complex properties and financial structures that are usually not available via appraisers.

In 2003 Mr. Lipe was joined by Robert DiCostanzo to form Lipe Construction Company. Allowing for a full service general contractor to be added to the services it can provide.

Lipe's real estate financial services are led by Susan Lipe. Susan Lipe has been active in Chicago s real estate finance community since the mid 1990 s. Originally with the Bank of Montreal, she joined Cohen Financial s real estate investment bank in Chicago in 1998 and participated in the integration of Cohen s acquisition of San Francisco-based E.S. Merriman and Sons as well as closing over $1 billion in real estate debt and equity transactions. Ms. Lipe returned to Chicago in 2001 and joined a Chicago-based investment bank Incapital as Managing Director of Capital Markets. She returned to traditional real estate lending in 2005 with LaSalle Bank as a Senior Vice President in real estate.

  • Principal
  • University of Pennsylvania - Master Degree in Regional Planning 1994--a joint degree with the Zell-Lurie Real Estate Center at the Wharton School and the Pennsylvania School of Design.

    University of Illinois - Bachelor of Science in Advertising 1989
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