Caton Commercial

Andy Velkme

$1.14B Investment in Co-Living Facilities with U.S. Expansion Plans

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German property firms, Medici Living and Corestate Capital Holding SA, plan to invest $1.14 billion to develop their co-living facilities across Europe and the United States.

Young professionals that were priced out of major city housing markets are driving the demand for the co-living concept where tiny apartments are grouped around shared facilities such as dining areas, lounges, work spaces, laundry rooms and gyms.

Caton Commercial brokers, Bill Caton, CIPS, Steve Caton, CCIM, and Andy Velkme, CIPS will partner with Medici for site selections as they target U.S. cities for expansion. Medici Living currently operates two sites in New York and one in Chicago under their QUARTERS brand name.

Click here for full article.

CBS 2 News Features QUARTERS Co-Living Location in Chicago’s Fulton Neighborhood

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CBS 2 News Chicago has featured the new QUARTERS co-living building in Chicago’s Fulton Market. Caton Commercial brokers Steve Caton, CCIM, Bill Caton, and Andy Velkme have partnered with The Medici Group to bring QUARTERS to the Midwestern United States. The co-living concept is gaining ground among millennials and others who wish to be in the heart of a CBD with plenty of nearby amenities, without shouldering the city’s rising rents.

To watch the full video, click here.

Caton Commercial Partners with Medici Group for Chicago Co-living Concept

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Caton Commercial Real Estate Group is pleased to announce that brokers Steve Caton, CCIM, Bill Caton, and Andy Velkme are collaborating with German-based co-living company, Medici Living Group  in their Chicago expansion. Medici’s co-living concept Quarters, and its technology platform, allow members to rent furnished spaces including all utilities, through their smartphones, and instantly become plugged into an active community. Further, Quarters gives members the flexibility to move globally from one city to another.

In a recent Chicago Tribune article, Caton Commercial Real Estate Group receives mention, and co-living is further explained.

To read the full article, click here.

Coming Soon: NWC Weber & Renwick | DogHaus

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Caton Commercial  recently sold the lot at the northwest corner of Weber & Renwick roads in Crest Hill. Caton is pleased to announce that DogHaus, a California-based restaurant, will open in fall of 2018. Steve Caton, Andy Velkme, and Joe Herron of Caton Commercial were involved in the transaction.

DogHaus first opened their doors in California serving gourmet hot dogs, sausages, burgers, and fried chicken sandwiches. DogHaus is renowned for their use of King’s Hawaiian bread on their burgers and dogs. The California based burger joint opened three DogHaus locations here in Illinois; one in Rockford, one in Decatur, and the recently opened location in Lincoln Park. DogHaus plans to open their Romeoville location in fall of 2018.

Caton Commercial attends MIPIM

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Bill Caton,CIPS, Managing Partner, and Andy Velkme, CIPS and Senior Broker, of Caton Commercial Real Estate Group, just returned from the 2018 MIPIM Conference, held in Cannes, France. MIPIM is the world’s leading property exhibition forum and includes networking events and conference sessions. Bill and Andy were among more than 24,000 participants from 100 countries who attended. The event aims to promote international investment and to facilitate business between investors, corporate end-users, local authorities, hospitality/industrial/logistics professionals as well as other real estate professionals. Bill and Andy were proud to represent not only Caton Commercial, but also the Chicagoland area and the Midwest via the state of Illinois, in an effort to partner with International Investors and Developers.

Established in 1990,   MIPIM gathers the most influential international property players from the office, residential, retail, healthcare, sport, logistics, and industrial sectors for four days of networking, learning, and transaction. This year over 3,100 exhibiting companies from 100 countries attended. Bill Caton and Andy Velkme were among the 24,200 participants. Bill has been attending this conference for three years making connections, this was Andy’s first year. MIPIM is a great way to bring transactions from across the world back into Illinois. With so many countries under one roof, it was a great opportunity for Caton Commercial to sell Chicago.

Andy Velkme – NICAR REALTOR ® of the Year

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Caton Commercial‘s Andy Velkme, has been chosen as the REALTOR ® of the Year for the Northern Illinois Commercial Association of REALTORS ® (NICAR). Velkme, holds the position of NICAR secretary and chair of the association’s Commercial Global Business Network Committee. On the state level, he joined the Consulate General Liaison Program in 2016 as liaison to Latvia. In 2017, he was a member of the Illinois REALTORS ® Leadership Development Class. Velkme, has already made a splash in 2018 by becoming a member of the Global Business Council and the Nominating Committee. This year he will represent Caton Commercial and the Midwestern United States to international investors at the MIPIM  international real estate conference in Cannes, France.

To read the full article in the Illinois Realtor ®’s website, click here.

SOLD – 100 Brook Court, Bolingbrook

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Caton Commercial‘s Andy Velkme has closed both sides of the transaction for 100 Brook Ct. in Bolingbrook. The seller of this previous mechanic shop was William Palmer and buyer was Deep Sound of West Chicago, dba Velasquez Mufflers. It was purchased for $310,000. The new owner plans to operate an auto repair and muffle business at this location.