CBRE Promotes Todd Caruso

The 27-year CBRE veteran is now the leader of the retail agency practice for brokerage and asset management in the Americas. Formerly managing the eastern half of the country in its retail practice, Todd is hoping to expand CBRE's management practice, increase the number of listings nationwide, and build a strong retail team coming out of the recession. CBRE's current US retail roster includes about 470 brokers.
In the Chicago area, CBRE is listing about 11M SF, including Westport Commons on the South Side (pictured). Todd anticipates that the next year will bring a slow and steady recovery of the retail markets, with mom-n-pop retailers continuing to struggle as discount mid-boxers like TJ Maxx start to grow. Health clubs, fast casual food restaurants, and specialty grocers continue to make a strong showing. Todd says throughout his long tenure at CBRE, he's experienced lots of changes, which provides him with a constant challenge and source of stimulation.

Continue reading this story with a free account

Log in or register
Related Topics: South Side , TJ Maxx , Westport Commons
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

California Investor Scoops Up Amazon Warehouse: The Chicago Deal Sheet

How Crystal Lake 'Connects The Dots' To Building Complete Community

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

Prologis Acquires 69 Acres For 1M SF Chicago-Area Industrial Development

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

First LaSalle Street Reimagined Conversion Opens In Chicago's Loop

CBRE IM Buys Net Lease REIT For $1.6B, Plans More Investment

The Difference Between Service And Hospitality That Makes A Flexible Workspace A Success

Beyond The Boom: How Miami's CRE Market Continues To Be Resilient