Raymond Group to Build Home2 Suites by Hilton Hotel in Joliet
Caton Commercial Real Estate Group has sold a property to The Raymond Group that plans to build Home2 Suites by Hilton Hotel in Joliet. This heavy traffic area picks up plenty of vehicles per day; approximately 74,000 on I-55 and 33,700 on US 30. The hotel would be built on a 2.7-acre site located at […]
SOLD – 1911 Continental Dr., Naperville
Managing Broker, Bill Caton and Ron Swacker of Caton Commerical Real Estate Group have sold the 1.79 AC just west of IL-Rt 59 on North Aurora Rd. The property closed on March 31st, 2016 at a sales price of $400,000. Bank Asset Recovery Corp was the seller. Simon Liang of Concentric Realty brought the buyer, […]
Brian Blackmore at Caton Commercial: Developer to Broker Shares His Expertise
Brian Blackmore at Caton Commerical brings over 20 years real estate experience to his new position as Sr. Vice President and Land Specialist. He specializes in the acquisition and disposition of land and bank-owned investment properties. In addition to Brokerage, Blackmore is principal of his own firm, Blackmore Land Development Services, Inc. (BuiLDS, Inc.) Here […]
Cook County Adds New Incentive Class for Commercial Property
by Steve Caton The Cook County Board of Commissioners recently added a new incentive class to specifically benefit commercial properties. The Class 7c Commercial Urban Relief Eligibility (“CURE”) incentive is designed to stimulate commercial real estate development that might not otherwise be possible. (“CURE”) is a new five-year commercial property tax Incentive in Cook County […]
Gain in U.S. Home Sales More Modest Post Revisions: Economy
From Bloomberg By Michelle Jamrisko Oct 24, 2014 3:46 PM CT Purchases of new houses in the U.S. rose in September, and revisions showed the magnitude of the unfolding recovery was more modest. Sales (NHSLTOT) increased 0.2 percent to a 467,000 annualized pace, in line with the median forecast of economists surveyed by Bloomberg, Commerce […]
Recap of ICSC Dealmaking in Chicago 2014
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 […]