Caton Commercial

Retail

Amy Hall Among Initial Recipients of Prestigious ICSC CRRP Credential

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Amy Hall, COO at Caton Commercial is among the first to receive ICSC’s new Certified Retail Real Estate Professional (CRRP) credential. As the retail industry continues to grow and transform, professionals are expected to develop a broader body of knowledge and perspective to be successful. The inclusive and broad nature of the ICSC CRRP credential demonstrates a well-rounded competency of the industry.

A mark of excellence, ICSC professional certifications give special recognition to retail real estate professionals who demonstrate the highest levels of competency in the industry. Ms. Hall holds several other designations including Certified Retail Property Executive (CRX), Certified Leasing Specialist (CLS), and Specialty Leasing Designation (SLD). These certifications raise the industry’s professional standards through professional education, experience, ethics and rigorous exams.

Congratulations to Amy and to all who are committed to their learning and professional business development.

Molly’s Cupcakes Opens to Wild Success in Downtown Naperville

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Molly’s Cupcakes opened to wild success on Monday, January 21st, selling out in hours. Christina Caton Kitchel facilitated the deal to bring Molly’s to downtown Naperville. The much anticipated opening of the store located at 30 W. Jefferson lead to 1,000 cupcakes selling out within two hours of their opening. Molly’s plans to increase its cupcake supply to meet the overwhelming demand.

In addition to gourmet cupcakes, Molly’s serves cookies, cheesecake, and homemade ice cream.

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…

Joe Herron joins Caton Commercial

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Joe Herron joins Naperville based Caton Commercial Real Estate Group as Senior Vice President.

Joe Herron specialized in retail tenant representation and the leasing of retail commercial property for over 17 years. He has also been involved in pre-leasing of proposed power centers from inception to opening located within the Chicago area’s newest suburban retail corridors as well as a heavy emphasis on retailer tenant representation in their expansion efforts both in the city and suburbs.

Herron has been effective in aiding several national retailers in their efforts to dispose of closed or closing locations. His primary area of concentration has been throughout the Chicago Metropolitan Area. He also created and manages a nationwide network of brokers executing national disposition efforts on behalf of national retailers.

Recap of ICSC Dealmaking in Chicago 2014

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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