Caton Commercial

Caton Commercial

Why Healthcare Real Estate Is Appealing To Investors

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The complex market dynamics of rising interest rates and elevated inflationary pressures have become a catalyst for investors to seek assets with stable and predictable revenue. Medical offices and specialty healthcare facilities which are typically in high demand and generate a steady stream of revenue have become a flight-to-safety for many forward-looking investment groups.

Healthcare tenants often sign long-term leases, providing stability and reducing the risk of vacancy. These trends can be extrapolated over time with an aging population and increasing demand for healthcare services that will drive up demand for healthcare real estate. Medical offices, in particular, stand out from traditional office space due to the demonstrated ability to maintain low vacancy rates, offering investors a high degree of stability in cycles of macroeconomic distress.

These factors make healthcare real estate an attractive option for many investors. However, this type of real estate can be inherently complex and require a high level of sophistication. A commercial real estate broker specializing in healthcare real estate can provide you with:

Market trends and conditions:  A healthcare real estate broker will have a deep understanding of current and emerging trends in the market, including demand, supply, and pricing.

Regulatory environment: Healthcare real estate is subject to a variety of regulations, including zoning, healthcare licensing, and safety requirements. A healthcare real estate expert will be familiar with these regulations and how they impact the market.

Healthcare providers: A real estate broker specializing in healthcare will have a strong understanding of the needs and goals of healthcare providers, including hospitals, clinics, and other healthcare organizations.

Investment and financing: Healthcare real estate requires significant capital to develop and operate, and a commercial real estate broker specializing in healthcare real estate will have an understanding of investment and financing options, including debt, equity, and public-private partnerships.

Development and construction: A healthcare real estate expert will understand the development and construction process for healthcare facilities, including site selection, zoning, design, and construction.

Operations and management: A real estate expert will have familiarity with the unique operations and management of healthcare real estate, including leasing, property management, and maintenance.

Zane McCartney. a commercial broker specializing in healthcare real estate, and Caton Commercial offer valuable insights and guidance to clients in today’s dynamic real estate market. We advise physician groups and private investors interested in buying, selling, or leasing commercial real estate. We also offer property management services to owners of medical offices, healthcare facilities, and outpatient properties.

Shoot Point Blank coming to Shorewood

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Shoot Point Blank Shorewood is coming soon! Bill Caton, Owner and Managing Broker, of Caton Commercial Real Estate Group sold 4.17 acres at 19747 NE Frontage Rd in Shorewood to HGR Development LLC. The developer plans to open Shoot Point Blank  a retail store and shooting range that started in Cincinnati, Ohio   but now has multiple locations in different states. This will be the fourth Illinois location adding to their current locations in Naperville, Mokena, and Hodgkins.

Shoot Point Blank offers:

  • Indoor ranges designed for safety and comfort
  • The best stock of popular firearms and ammo always available
  • Climate controlled shooting lanes with triple HEPA filter ventilation
  • Range Safety Officers on staff in our ranges always
  • Free test fire on top name handguns and long guns
  • NRA-Certified instructors offering classes for all experience levels

Industrial Service Facilities Are Great Option For Your Portfolio

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As e-commerce continues to grow, Industrial Service Facilities (ISFs) are being actively sought. ISFs meet the growing needs of companies in the transportation industry due to the need for large spaces, companies needing to house bulk goods or materials and e-commerce companies such as Amazon.

Below is an article from rejournals.com that discusses the advantages ISFs have and how they are being used in the Chicagoland area. After reading the article, give us a call at Caton Commercial so we can review your industrial real estate needs and assist you in finding the best fit for your business.

Source: rejournals.com | Re-Post Caton Commercial 7/26/2018 –

What if there was an industrial property type with a lower vacancy than the overall asset class, catering to mature and stable tenants, that was projected to increase in value? There is and it further benefits from -but does not rely solely on -e-commerce-driven growth.

Industrial service facilities (ISFs) are mission-critical properties used to store, maintain or dispatch heavy equipment or bulk materials. They are primarily occupied by companies engaged in the transportation industry, everything from school bus companies to national trucking firms.

ISFs can serve as container yards, trailer drop yards or event to collect surplus trailer chasses. Any firm with a large fleet, such as utilities or companies with field technicians, may also use these sites. They can also house bulk materials, such as roofing supplies, stone or construction materials.

Essentially, these are low-FAR, single tenant industrial sites. They occasionally have limited utility infrastructure in place, making them expensive to convert to a higher use. But with the impact that transportation and logistics are having on the real estate sector, these sites are beginning to have an outsized role.

Read the full article…

Why Retail Property Investors Are Still Looking To Acquire Assets

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The retail market continues to see store closures and big-box vacancies. However, in spite of that change, commercial real estate investors are seeing opportunities to embrace a new type of space to acquire. They are looking to meet the needs of people that purchase goods and services they cannot get online, such as ice cream, gasoline or dry cleaning.

Below is an article from dailyherald.com that provides details on how retail investors are seeing a trend in experiential or some variation of mixed-use spaces that are being actively sought and acquired. After reading the article, give us a call at Caton Commercial so we can discuss the best strategy for finding the best property to meet your commercial real estate needs.

Source: dailyherald.com | Re-Post Caton Commercial 6/14/2018 –

Retail investors are still in a buying mode, as they continue to focus on finding assets that can meet the changing needs of today’s consumers and produce desirable returns, according to Real Capital Markets’ May 2018 Retail Investor Sentiment Report.

While big box vacancies and high-profile retail store closures continue to adversely affect parts of the industry, investors surveyed noted optimism in other retail segments. Retail owners who embrace new models — whether they are experiential or contain some variation of mixed-use — are considered to be in the best position to succeed in today’s retail environment.

“Retail may be the most diverse and bifurcated of all commercial real estate asset classes,” said Steve Shanahan, executive managing director at Real Capital Markets. “Certain subsets of retail perform well, are in great demand and push the market in terms of price and value. Others have issues and are part of what is leading investors to consider other options, such as exploring other asset types.”

In May 2018, RCM surveyed its U.S. database of retail investors to gauge their sentiment on various investment-related topics. Highlights of the 2018 RCM Retail Investor Sentiment Report include:

Read the 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.

Brick-And-Mortar Retail Outlook Remains Positive

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With the increase in consumer’s desire for e-commerce and the decline of some legacy retailer, many have predicted a retail apocalypse stating that brick-and-mortar stores will eventually be phased out. But the reality is that while people enjoy shopping online, the general belief is that people still have a strong preference to go out and shop in-store.

Below is an article from bisnow.com that provides statistics on how online and brick-and-mortar shopping compare and predictions for the future. After reading the article, give us a call at Caton Commercial to discuss your commercial real estate needs. Thank you to everyone we met at the ICSC conference in Vegas. It was a pleasure speaking with you and look forward to partnering with you.

Source: bisnow.com | Re-Post Caton Commercial 5/30/2018 –

The doomsday scenarios about the retail industry’s demise that have made headlines are grossly overblown, experts say, and many expect retailers to continue to acclimate to the growing presence of e-commerce by shifting how they draw in consumers. Speakers at the International Council of Shopping Centers’ RECon conference underway this week delivered reports and their assessment of the state of the industry.

“People still spend money,” JLL President of Retail Advisory Services Naveen Jaggi said at a breakfast panel with media Monday. “Consumer spending is still up. It is incumbent on the owner and retailer to shift and bring consumers in.”

“We’re going to see the pendulum swing back,” CBRE Americas Head of Research Spencer Levy told a crowd of hundreds at a luncheon where the company unveiled the company’s top three predictions of the future of the retail segment. “The end of [brick-and-mortar] retail story is the most oversold story I have ever seen in my career. People are going to realize that bricks-and-mortar retail isn’t dead,” Levy said.

Read the full article…

New Concept Stores Are Taking Vacant Retail Spaces

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Although online shopping continues to grow, a variety of retailers are seeking out shopping center space formerly occupied by departing brands. That includes both new concepts and variations of tried-and-true stores. The trend is that even as some brands collapse, other retailers are jumping to fill the void because consumers still want to shop

Below is an article from bisnow.com that describes what is taking place in the shopping center real estate market and what is predicted in the near future to continue. Please enjoy the article and give us a call if we can help with any of your real estate needs.

We will be attending the RECon The Global Retail Real Estate Convention May 20-23. We hope to see you there as well.

Source: bisnow.com | Re-Post Caton Commercial 5/17/2018

Retail is an industry of churn. Old retailers go, new ones take their place.

That is what is happening now more than a “retail apocalypse,” the International Council of Shopping Centers reports, with a broad array of retailers seeking out space in shopping centers formerly occupied by departing brands. That includes both new concepts and variations of tried-and-true stores.

For example, this year the TJX Cos. will open 15 HomeSense stores, which sell furniture, lighting and art, following a successful U.S. test of that Canadian concept. The company also opened 25 of its existing Ross Dress for Less brand stores and a half-dozen DD’s Discounts stores in early 2018.

Retail giant Target is planning 35 more stores this year, mostly small prototypes, such as a 24,700 SF store in Washington, D.C. It plans to open as many as 130 such small stores by the end of 2019.

Whole Foods will open 16 more 365-branded stores this year, according to Amazon. This concept’s 30K SF space makes it a better fit for shopping centers than the Whole Foods’ standard size of 43K SF, the company says.

Read the full article…

Chicago Industrial Market Grows According To 2018 Report

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The growth trend in industrial real estate that was happening in 2017 in certain Chicago submarkets continues to be strong in 2018. The submarkets like O’Hare and Central DuPage continue to set record low vacancy rates while other submarkets along the I-80 and I-55 corridors remain extremely attractive as well.

Below is an article from rejournals.com that chronicles the industrial real estate climate and the rapid rise in demand for industrial space since 2013 in the Chicago metro area. After reading the article, give us a call at Caton Commercial so we can partner with you to find the industrial space that best meets your needs now and in the future.

Source: rejournals.com | Re-Post Caton Commercial 5/3/2018

Key submarkets in the Chicago industrial market continue to surge ahead. According to a research report, the Chicago metro area as a whole had new leases and lease expansions of 6.9 million square of during the first quarter of 2018. The 4.5 million square feet of total net absorption is the strongest first quarter tally since 2016.

However, some submarkets continue to remain more attractive than others. The I-80 and I-55 Corridors saw net absorptions of 1.79 and 1.22 million square feet, respectively. The next largest submarket by net absorption was I-290 South, with 642,049 square feet. Meanwhile, I-290 North shed 380,007 square feet and McHenry also had negative absorption with -303,007 square feet; there is currently 1.34 million square feet under construction in the former.

What had been three straight quarters of vacancy rate rises following the completion of numerous vacant spec projects has slowed. The rate is close to matching the low of 6.59 percent recorded a year ago during Q1 2017. The usual suspect infill submarkets like O’Hare and Central DuPage continue to set record low vacancy rates while submarkets that have seen significant spec development, including the I-55 Corridor and I-80 Joliet Corridor, are witnessing rising vacancy rates.

Read the full article…

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.

Invest Aurora: A look inside Downtown Aurora Arts Center Project

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Caton Commercial  brokers  Christina Caton Kitchel  and  Dana Nowaczyk were at the  Paramount Theatre  in downtown Aurora to preview the Aurora Arts Center.  Invest Aurora  and The Community Builders wished to thank the many people and organizations involved in the project, and to show what’s been accomplished to date. Kirk Albinson, president of The Community Builders said, “It’s a way to say thank you to the community and the stakeholders involved.”

Caton Commercial Real Estate Group  is working to secure the perfect restaurant group to fill the 4,000 SF space in the new development.

To read the full article, click here.

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.

What Impact Could Trump’s Tariff Announcement Have On CRE?

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Predictions are being made on what the downstream effects could be to the Commercial Real Estate market with the recent announcement concerning tariffs on imported raw materials. There is speculation that the tariffs could cause an increase in the cost of these raw materials that will ultimately be absorbed by the consumer. And, if the higher cost is passed on to the consumer, that could have an overall economic impact.

Below is an article from rejournals.com that details some of the possible effects to the commercial real estate industry from the recently announced desire for tariffs specifically on steel and aluminum. After reading the article, give us a call at Caton Commercial so we can partner with you to determine how these tariffs could impact you and how we can work together to best meet your commercial real estate needs.

Source: rejournals.com | Re-Post Caton Commercial 3/14/2018

President Donald Trump moved to place a tariff on imported raw metals last Thursday and these new duties are already seeing economic reverberations, increasing volatility in the equity markets. But could they have ramifications on commercial real estate?

Trump’s announcement of 25 percent steel and 10 percent aluminum tariffs was intended to preserve steel production jobs in the U.S. and reduce the nation’s trade deficit. While it caught some off guard, it probably shouldn’t have.

“The announcement may have been a bit surprising and I think it shocked the market a little bit. But the position is not,” said Jason Tolliver, vice president Americas and head of logistics and industrial research at Cushman & Wakefield. “The president was very clear during his campaign … that this is the policy and the direction that they’re going.”

Time will tell whether the tariffs will achieve either of the president’s policy goals. Any impacts on commercial real estate may also take time to observe. But the implications could be significant, as 42 percent of U.S. steel is consumed by the construction industry and the price of steel mill products has increased 19.3 percent since March 2016, according to Cushman & Wakefield research.

Read the full article…

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.

LEASED: 954 E New York Street, Aurora

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Caton Commercial‘s James Stratis has leased 954 E New York St in Aurora. Stratis represented both landlord and tenant, bringing in Boost Mobile to the popular strip center off of the busy intersection of New York Street and Ohio Street, only 1.5 miles from Downtown Aurora. Boost Mobile is joining tenants T-Mobile, Payday Loans, and Acceptance Auto Insurance, making the center fully leased. Congratulations to James Stratis and Landlord on this Boost Mobile Lease!

The Future Of Chicago’s Office Market Not Yet Clear

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While the Chicago West Loop continues the momentum that started in 2017 as a prominent place for commercial real estate, River North has the lowest vacancy rate in the downtown submarkets. This is positive news for real estate owners. This low vacancy rate, however, can drive the cost of leasing upwards.

Below is an article from globest.com that details the trends for leasing commercial real estate in downtown Chicago, especially as tenants move west or north, the central loop has become more affordable and desirable. After reading the article, give us a call at Caton Commercial so we can assist you in finding the commercial real estate that fits both your needs and your budget.

Source: globest.com | Re-Post Caton Commercial 2/22/2018

The Chicago office market posted a solid performance in the fourth quarter with an uptick in absorption and falling vacancy while rents held firm, according to a new report. Net absorption totaled 488,960 square feet, and River North, at 7.1%, has by far the lowest vacancy rate of the four downtown submarkets. Overall market vacancy stands at 11.6%.

Like most of the nation’s top markets, tech remains an important driver of demand in Chicago. In fact, it has helped ease the pain of many landlords that lost tenants to the West Loop’s new trophy towers.

“The Central Loop has done surprisingly well landing younger tech companies looking to pay a bit less than they would for space in River North,” a research analyst tells GlobeSt.com.

The opportunities to take over space in the Central Loop has come about largely because so many of its major tenants moved to West Loop properties near the river. 444 W. Lake, for example, which opened in the fourth quarter of 2016, landed law firms McDermott, Will & Emery and DLA Piper as anchor tenants. Central Loop landlords may have needed aggressive deals to fill their spaces but “tech has been the one driver of growth in the Central Loop.”

Read the full story…

Why Chicago Made The Final Cut For Amazon HQ2

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After receiving 238 proposals, Amazon has narrowed its search for HQ2 locations to a list of 20. This is exciting news as Chicago has made the list. Since most of the locations are in the east half of the United States and with 3 distribution centers in the Chicagoland area, there is optimism that they will be the location of choice.

Below is an article from bisnow.com that details why Chicago would be a great option for Amazon and some of the locations locally that were part of the proposal. After reading the article, give us a call at Caton Commercial so we can assist you in locating commercial real estate that best meets your needs.

Source: bisnow.com | Re-Post Caton Commercial 1/25/2017 –

Amazon sent commercial real estate into a frenzy Thursday when the e-commerce giant announced the 20 finalists for its second North American headquarters.

Chicago made the cut in a list heavy on East Coast cities and the reasons why are as clear as the skies on this sunny day in the Windy City. The proposal put together by Mayor Rahm Emanuel and Gov. Bruce Rauner included 10 sites, many of them with large tracts of contiguous land for Amazon to develop.

Those include Sterling Bay’s 70-acre Lincoln Yards, Related Midwest’s 62-acre South Loop site, “the 78,” which will already be home to a tech incubator run by the University of Illinois system, Farpoint Development’s redevelopment of the Michael Reese Hospital Site, and even dark horse sites like the Illinois Medical District, McDonald’s soon-to-be-vacant Oak Brook Campus and the Motorola Solutions campus in Schaumburg.

Read the full article…

NEW LISTING – 24 Fully Improved Lots on Weber & Caton Farm Rds.

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Caton Commercial has acquired a new listing of 24 Fully Improved lots in Crest Hill, IL on the northeast corner of Weber Road and Caton Farm Road. The various lots for sale are surrounding and anchored by Menards Crest Hill branch, White Oak Library, and Firestone Tire and Rubber Company. The sale listing is represented by Steve Caton and Brian Blackmore. Overall, the lots are 49.15 salable acres of bank owned vacant land and the TIF district formed in December 2017. The lots are priced aggressively and all offers will be presented.

For more information, please contact Steve Caton and Brian Blackmore.

Click here to see the website listing.

How Real Estate Trends Will Impact The United States In 2018

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In 2018, Commercial Real Estate (CRE) stands to be impacted by several emerging trends. Some of these factors include increased regulatory costs, others relate to technological advances and space-sharing in commercial business and co-living models. Additionally, disruptions to traditional CRE management styles will arise from collaboration and information sharing, coupled with new modes of transportation, especially in urban areas.

Take a moment to read the article below from thebrokerlist.com detailing predicted trends for the coming year and how they will impact business practices of Commercial Real Estate Brokers. Then, give us a call at Caton Commercial so that we can partner with you to take advantage of the positive changes and navigate any challenges brought about by changes in the industry.

Source: thebrokerlist.com | Re-Post Caton Commercial 1/11/2018

Rapid technological advancements and significant demographic shifts significantly influence the real estate industry. These various factors like growing urbanization, longevity of Baby Boomers and differentiated lifestyle patterns of Millennials are changing the way people value real estate. Add into the mix macroeconomic and regulatory developments, and you have the perfect storm for some significant changes to come to the real estate market in 2018.

With the many changes that have already taken place in 2017, many real estate companies find themselves searching for ways in which they can gain a competitive advantage and drive top- and bottom-line growth in the New Year.

To achieve this, we must identify and monitor emerging trends that are likely to impact the economy moving into 2018. Take a look at the top trends that are shaping the U.S. real estate industry right now!

ECONOMIC OUTLOOK: Increasing Interest Rates Could Temper Growth

Federal Reserve is likely to raise interest rates in the short-to-medium term. Volatile global markets have led to continued low-interest rates, but that’s expected to come to an end in 2018. Higher interest rates are likely to increase mortgage costs and could deter real estate investments to some extent.

Gross domestic product growth will likely increase 2.5 percent in 2018. It’s the same as in 2017, but better than the 2.1% growth in 2016. The modest economic improvement could temper the pace of commercial real estate (CRE) transaction activity.

Read the full article…

SOLD – 1296 W. Boughton Rd., Bolingbrook

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SOLD – 1296 W. Boughton Rd., Bolingbrook

January 8, 2018

Caton Commercial has brokered the sale of 1296 W. Boughton Road in Bolingbrook. Under contract after only 38 days on market, the property closed in November, 2017 with a final sales price of $1,000,000; over the listing price. The seller was Swart Nec Association and was represented by Caton Commercial’s Steve Caton, CCIM and John Andrade. The buyer was Kaplan Papadakis Gournis and was represented by Mid-America’s Sean Bossy. This former Applebee’s restaurant will soon become a new location for ATI Physical Therapy.

Congratulations to the brokers!

German Co-Living Brand Readies Major U.S. Expansion

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Caton Commercial Real Estate Group is proud to represent the Co-Living Company, Medici Living Group, in their Chicago and Midwest expansion. Medici operates 70 locations across Europe and due to the positive response, Medici is beginning to expand in other major cities in the United States. The first location was in New York City and filled up within 30 days after opening in April.

Below is an article from bisnow.com that describes the Quarters brand provided by Medici Living and their plans for future expansion. After reading the article, give us a call to discuss the commercial real estate needs at your company and create a strategy to meet those needs.

Source: bisnow.com | Re-Post Caton Commercial 11/30/2017 –

After opening its first U.S. co-living location in Manhattan earlier this year, Medici Living Group is gearing up for a major expansion in 2018 as the niche housing type grows in prominence.

Medici plans to open one of the country’s largest co-living spaces in one of the country’s biggest cities in 2018. It is just one of many Quarters locations coming to market in the coming years. The Quarters brand is fashioned for the U.S. compared to the sparser Medici Living flat-sharing locations it has operated for years in its native Germany and across Europe.

Medici co-founder and Managing Director Evan Kasper said Quarters’ first location, on Grand Street in Manhattan’s Lower East Side, filled up within 30 days after opening in April, and the experience running that facility has primed it for major growth next year: in addition to a 180-bed development being built ground-up in an undisclosed U.S. location, Medici plans to open a handful of new Quarters in New York City in 2018. “Quarters is supposed to be a globally connected product where if you live in one building, you are connected to the community all across the world,” Kasper said. “To do that, you need a critical mass. The vision, that model, works at scale, and it’s something that needs to be created almost all at once to really work well.”

Read the full article…

How E-Commerce Will Drive Industrial Change

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As e-commerce continues to grow, so do the demands for the best supply chain management facilities. These facilities are different than that traditional industrial distribution centers. These facilities need to accommodate sending packages to individual homes, not just sending large truckloads to retail stores. They also require more employee parking and fewer docks for trucks.

Below is an article from globest.com that describes the current situation the e-commerce industry is facing and some of the solutions they have developed. After reading the article give us a call at Caton Commercial so we can work with you to find the best commercial real estate to meet your needs.

Source: globest.com | Re-Post Caton Commercial 11/9/2017 –

The expansion of e-commerce has transformed the US industrial market in ways large and small and fueled a remarkable expansion that has already outlasted any other in the post-WW II-era. Many investors and developers have begun to wonder just how much longer this stupendous growth can continue. But most seem to agree that the nation’s supply chain still needs a lot of work to make it compatible with the needs of e-commerce, and that means there is every likelihood that this expansion will continue for a relatively long stretch, even if a few cracks have begun to appear.

“Vacancy has ticked up around two one-hundredths of a percent,” Jack Rosenberg, Colliers International’s national director, logistics, and transportation, tells GlobeSt.com. “So that raises a few questions.” And even though positive absorption throughout Southern CA is “off the charts,” leasing is a little slow in industrial powerhouses like Dallas and Atlanta, at least compared to the historic numbers put up in recent years. Furthermore, in the Chicago region, there are currently four one million square foot buildings available.

Read the full article…

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.

10 Sites Chicago Pitched To Amazon For HQ2

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In July 2017 Amazon opened a third distribution center in the Chicagoland area. Now Chicago is looking to become the location of Amazon’s Second Headquarters (HQ2). The city officials believe the HQ2 in Chicago would provide the support needed for Amazon to continue future growth.

Below is an article from rejournals.com that outlines the details of the 10 locations that were proposed to Amazon along with benefits to these locations. After you read the article, contact us at Caton Commercial so we can develop a plan to meet your Commercial Real Estate needs.

Source: rejournals.com | Re-Post Caton Commercial 10/16/2017 –

The city of Chicago revealed on Friday which sites they included in the proposal to Amazon for the company’s second headquarters, according to a statement from the mayor’s office. The list of sites includes dense downtown locations and campus-like suburban environments.

“The sites identified in Chicago’s bid for HQ2 demonstrate the region’s unparalleled potential to support Amazon’s future growth,” Mayor Emanuel said in a statement. “The combination of these prime locations with the country’s most educated population, diversified economy and connected transportation system make it clear that Chicago is the ideal city for Amazon’s second headquarters as the company continues to expand.”

1. The Downtown Gateway District: The city offers up a collection of move-in ready buildings including space in the Willis Tower, Old Main Post Office and a new development at Union Station.

Read the full article…

How Last-Mile Logistics Are Impacted By The Move Toward Urban Fulfillment Centers

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As the growth of online retail continues, customers desire shorter delivery times and companies are searching for ways to meet those desires. In an effort to have an edge over their competitors, companies are using strategically located distribution centers and technology for the solution.

Check out the article below from Bisnow.com that describes how the multistory warehouses located in dense urban areas are being repurposed where it makes more sense to build up than out. Additionally, warehouse automation has moved from traditional conveyor belts to sophisticated robots and vehicles for quicker fulfillment. After reading the article, give us a call at Caton Commercial to discuss your commercial real estate needs.

Source: bisnow.com | Re-Post Caton Commercial 10/12/2017 –

Online delivery has become the norm for many Americans living in urban areas. An average city resident generates approximately 0.1 deliveries per day. In a major city like Chicago, which has a population of 2.7 million, that is a minimum of 270,000 deliveries a day.

Online retailers have turned to urban infill to get closer to their customer base and are looking to former retail, office and even parking structures as potential launching points for distributing goods.

JLL Managing Director Keith Stauber has witnessed the growing number of retailer third-party logistics companies and developers experimenting with adaptive reuse. JLL is working with Millennium Parking Garages LLC, the owner of Downtown Chicago’s Millennium Parking Garage, to repurpose some of the space into an urban fulfillment center, as well as other alternative uses like self-storage. Stretching across 3.8M SF over two floors, Millennium Parking Garage is one of the largest underground parking systems in the world.

As car ownership dwindles, more parking structures have underperforming space.

“Despite its fantastic location, it is actually somewhat under capacity from a parking perspective,” Stauber said. “Because of that, we have to consider how we can maximize revenues for the garage and City of Chicago while also utilizing it to its full potential.”

Read the full article here…

How The Roommate Experience Has Changed Because Of Co-Living

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Although the concept of coliving has been around for a long time, there have been many varieties over the years. The latest version of coliving today includes high-quality amenities with an all-inclusive price and the ability to be mobile without incurring penalties.

Below is an article from globalrealestateexperts.com that gives details into a housing concept called “Common”. Their housing options are specifically designed for people that live with roommates. After reading the article, give us a call at Caton so we can help you with your Commercial Real Estate needs.

Source: globalrealestateexperts.com | Re-Post Caton Cpmmercial 9/27/2017 –

We are witnessing a fundamental shift in the way people are choosing to live. With stagnated wage growth and the millennial generation being the first to earn less than their parents’ generation, young adults are delaying marriage and having children and forgoing homeownership. For the first time, the percentage of 18-35 year olds living with their parents has surpassed those owning their own home.

The result is that more people are living with roommates for longer and later into their lives. These socio-economic trends have produced a unique opportunity in the multifamily market to deliver a new and better shared housing product. Common’s unique approach to coliving is directly addressing this underserved market through convenience and design. I’m thrilled to participate in this year’s MIPIM PropTech Summit in October to talk about it.

History of Coliving

Of course, living with roommates isn’t a new concept. Communal living has existed for centuries but has been on the rise in urban areas around the US in recent years. In the late 19th and early 20th centuries, residential hotels were a critical part of the urban housing supply. Middle-class Americans and families lived in hotels with spacious private units and shared dining facilities. In many ways, the coliving trend is the renaissance of the residential hotel. People choose coliving out of economic necessity as well as the togetherness and community that living with people can provide.

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The Importance Of CRE Connectivity

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Connectivity in an office building is no longer a luxury, it is as important as having electricity and water. Over the last 5 years, businesses have seen an increase in needing and requiring the highest possible speed on a wireless network for their employees and customers.

Below is an article from naiop.org that where Boingo’s Senior Vice President of Business Development, Doug Lodder shares a few insights on building connectivity. After reading the article, give us a call at Caton Commercial to discuss connectivity and your commercial real estate needs.

Source: blog.naiop.org | Re-Post Caton Commercial 9/14/2017 –

Tenants now expect highly connected buildings – the faster the better – the same way they would expect electricity or any other standard utility. NAIOP asked Boingo’s Senior Vice President of Business Development, Doug Lodder, to share a few insights on building connectivity in advance of his “Building Operations: Hyperconnected Buildings” session at CRE.Converge 2017 in October. In his role at Boingo, Lodder oversees the strategy and development of Wi-Fi and DAS networks for Boingo’s new and existing venue partnerships in commercial real estate and other sectors, and develops innovative partnerships with wireless carriers and wholesale partners.

NAIOP: How have tenant expectations changed over the last five years with regards to building connectivity?
Lodder: Tenants crave connectivity and their appetite for mobile data is skyrocketing. In the last five years, we’ve seen video streaming, Wi-Fi calling, social networks and the app economy create a seismic shift in the way people live and work. Smartphones, tablets, and fitness devices are now front-and-center, which has led to the rise of the “fourth utility” – aka wireless connectivity – and the demand for modern network solutions that can deliver seamless mobile coverage to tenants. We’ve entered a new era in commercial real estate where fast, reliable in-building cellular and Wi-Fi coverage has become imperative. Five years ago the mindset was “location, location, location,” but now, in the words of real estate technology strategist James Carlini, it’s all about “location, location, connectivity.”

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The Chicago Suburb Of Wheeling Prepares For $110M Downtown Center

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Excitement is in the air as the village of Wheeling is finally going to have a designated downtown area. At the cost of $110 million, the area will include apartments, a movie theater, retail shopping and various restaurants. Increased residential growth is also anticipated.

Below is an article from constructionequipmentguide.com that describes in detail all that will be happening in Wheeling. After reading the details of this new venture, give us a call at Caton Commercial so we can partner with you and provide guidance for your commercial real estate needs.

Source: constructionequipmentguide.com | Re-Post Caton 8/30/2017 –

This northern Chicago suburb has long lured diners to its popular 3-mile-long Restaurant Row along Milwaukee Avenue. But despite its gastronomic prominence, the village of Wheeling has no real downtown, even though it was founded in 1894.

That is about to change.

After years of planning and overcoming obstacles, the construction of a downtown is finally underway in the village 30 miles northwest of Chicago.

What does a new downtown cost? The tab here is $110 million.

A town center will rise on a 16.2-acre vacant site created by the demolition of the bankrupt Wickes Furniture property on Dundee Road at Northgate Parkway. The site is surrounded by existing structures that set the stage for a downtown area, such as the village hall, police and fire stations, park district recreational building, aquatic center, ball fields, a lake and a commuter rail station on Metra’s North Central Service line.

recently, crews are laying foundations for the town center. Here’s what to expect at the opening, slated for late 2018: A five-story, 300-unit apartment building will wrap around a 25,000-square-foot plaza with a pool, putting green, bocce court, fire pit, barbecue grills and a gazebo. The courtyard will serve as a central gathering place for residents and the surrounding community.

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New Construction Will Impact Another Round Of Chicago Office Moves

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During the first half of 2017 Chicago has seen an increase of almost 7000 employees in the downtown area. Most of this is due to an influx of companies from suburban Chicago and the expansion of the tech sector. Additionally, as the amount of available space decreases the rent is trending upwards.

Below is an article from rejournals.com that describes the current office space climate in Chicago. New construction as well as re-evaluation of space usage is having an impact on the decisions companies are making concerning their office space. After reading the article, give us a call at Caton Commercial to schedule a time to meet with you and create the best strategy for office space for your company.

Source: rejournals.com | Re-Post Caton 8/17/2017

In the last six months, office-using employment in Chicago has increased with more than 6,800 jobs and along with that the leasing activity has grown 35 percent to 2.7 million square feet in the second quarter, according to an office report from Savills-Studley released in August.

Office leasing activity also jumped up in the second quarter to 2.7 million square feet, which exceeds the long-term market average of 2.3 million square feet. Class A availability closed mid-year at 16.2 percent and has exceeded 15 percent every quarter since the first quarter of 2016.

Rents have pushed higher as well, in part due to the high percentage of new product and because landlords remain confident. Their confidence is bolstered by the influx of companies from suburban Chicago and the expansion of the tech sector. Employers in the area, such as Allstate, who said it will bring 400 tech jobs to its innovation center at the Mart.

The new construction also allows companies to reevaluate how they use space and truly optimize their office for efficiency. Some have been able to reduce their occupancy by as much as 20 percent, according to the Savills-Studley report.

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Bank Owned – Former Restaurant – SOLD

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Caton Commercial Real Estate has brokered the sale of a bank owned former restaurant in Joliet, IL for $245,000. The 2,436 square-feet building is located in 73 W Jefferson Street. The building was previously called McBrody’s across from the Will County Judicial Building in Downtown Joliet. Steve Caton of  Caton Commercial Real Estate represented the seller and Coldwell Banker Honig-Bell represented as purchaser in the transaction.

Augusta Plaza, Bolingbrook – SOLD

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Caton Commercial Real Estate has brokered the sale of Augusta Plaza in Bolingbrook, IL for $2,075,000. The 9,851-square-foot shopping center is located at 1705-1719 West Boughton Road. Steve Caton and Autumn Psaros of Caton Commercial represented the buyer and Brian Parmacek and Mitchell Kiven of Marcus & Millichap represented the seller in the transaction.