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

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Morningstar Releases New Details On Over 350K SF In Q3 Office Leases

New Bears Stadium Proposal Floated For Bridgeport

Prologis To Develop 3.8M SF Industrial Park On Former Casino Site

Foundry Robotics Leaves San Francisco For New East Bay HQ

Tenant Rep Firm Expands To Philly, Hires Industry Veteran

$120M Ambulatory Center Planned For Suburbs: The Chicago Deal Sheet

Data Centers Lose The Top Spot, San Francisco Jumps 40 Places: 9 Takeaways From ULI's 2027 Outlook

Obama Center Shows Chicago Is Starved For Development

Mapped: Major Chicago Office Sales Since 2024

Cushman & Wakefield, NYC Added To Suit Alleging $250K Agency Lease Shakedown

Denver Public Schools' $11M Centennial Hall Purchase Marks Rare Land Sale For ULC