Caton Commercial

Chicago

Cousins Subs First Chicago Location Opens in the Loop

by

Caton Commercial brokers, Brian Blackmore and Nick O’Donnell, represented Cousins Subs  franchisees Dr. Amit and Kalpesh Patel of OM Group in the lease of their first Chicago location. The 2,600 SF location at 120 W. Madison Street in the Loop is now open for business. Cousins Subs has plans to continue its expansion with 40 locations in Chicago and the suburbs over the next several years.

Cousins Subs is a Wisconsin-based chain that serves quality made to order grilled and deli-fresh subs on freshly baked bread to “Dairy Land” classics including cheese curds.. YUM!   Congratulations to all involved on the first of many store openings!

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

by

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.

Medici Co-Living Group Reveals QUARTERS in Chicago

by

A sneak peek of the terrace view of Chicago’s skyline from the new Quarters building at Fulton Market District f
Caton Commercial brokers attended a pre-opening event for Berlin-based Medici Co-Living Group  in preparation for the grand opening of their first Midwest-based co-living concept called QUARTERS  in late May 2018. The newest building is located at 171 Aberdeen in Chicago’s Fulton Market district. Caton Commercial‘s Steve Caton, Bill Caton, and Andy Velkme worked to secure the first Midwest location for Quarters and more locations across the nation. Quarters’ co-living concept, a new approach to targeted to young professionals, offers a move-in ready apartment space for 1-5 people overlooking the Chicago skyline.

From L to R: Caton Commercial’s Bill Caton, Christina Caton Kitchel, and Steve Caton, CCIM attended the pre-opening event of Berlin-based Medici Co-Living Group’s first Midwest co-living building.

On Thursday, April 26th, Caton Commercial’s Steve Caton, Bill Caton, Christina Caton Kitchel, and Andy Velkme  attended the special pre-opening event for Quarters, where Medici’s CEO Gunther Schmidt spoke on plans for the new location.

Medici Co-Living Group’s CEO Gunther Schmidt speaking on the pre-opening event last Thursday, April 26th, on the new opening of their first Chicago co-living building.

Click the video link below for your own tour of Quarters Co-Living location in Chicago’s Fulton neighborhood.

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

by

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.

How E-Commerce Will Drive Industrial Change

by

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…

10 Sites Chicago Pitched To Amazon For HQ2

by

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…

New Construction Will Impact Another Round Of Chicago Office Moves

by

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.

Read the full article…

Recap of ICSC Dealmaking in Chicago 2014

by

Chicago ICSC Dealmaking 2014  

By: Steve Caton

I always find that trade shows and conventions are a good indicator on how the economy and your industry are doing. This year was no exception. Having been going to ICSC events since 2004, I witnessed the robust years in 2005-2007, where attendances in Chicago and Las Vegas were insane, so crowded that you could barely meet the people you wanted to meet, to the slim years of 2009-2011 where everyone got together to complain that not much was happening and no one could get any money for their projects or purchases. This year was somewhere in the middle. [Read more…] about Recap of ICSC Dealmaking in Chicago 2014