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RSK: "Malls Are Morphing" ha where did you hear that before..yup...right here.
There is a burgeoning trend among developers across the U.S. to
bring the use of wood to new heights in commercial real estate.
Wood has been a staple in building single-family homes and apartment complexes of up to 85 feet in height for decades.
But the developer of one mixed-use building in Portland, Ore. is
looking to change that as part of a burgeoning trend among developers
and designers across the U.S. to bring the use of wood to new heights in
commercial real estate....
RSK: If they really do have the fire hazards under control, this may be a fine option for building 4 to 5 story commercial buildings.
Air Date: 11/16/2017
Join host Micheal Bull and his guests on America`s Commercial Real
Estate Show as they discuss Deloitte`s report `Commercial Real Estate
Outlook 2018.` The topics they discuss include today`s talent, culture
and generational management, the value of REITs and disruption or
convergence of various factors impacting CRE.
RSK: Worth the listen.
CBRE has been retained by Smith Gilbane to lease office and medical
office space at Madison Yards, a mixed-use redevelopment of the 21-acre
Hill Farms site in Madison, Wisconsin.
CBRE’s Brian Wolff
and Chase Brieman in the Madison office will market for lease 377,500
square feet of office and medical office space within the development.
Smith Gilbane, a joint venture between Milwaukee’s Summit Smith
Development, C.D. Smith and Gilbane Development Co. in Providence, Rhode
Island, are developing the site... ...more
RSK: A lot of space to lease but Brian and Chase I am sure can get "er" done.
CBG Annual Holiday Party & Meeting
Date: Wednesday, December 13th, 2017
Time: 04:00 PM
Please join us for our annual Holiday Cocktail Party & meeting
with hors d`oeuvres and alcoholic refreshments at Casetta Kitchen &
Counter in the Network222 Building. We hope you can join us from 4 p.m.
to 7:00 p.m. on Wednesday, December 13. This is one of the most well
attended events of the year for CBG members, affiliates, and their
guests. We`ll have a short meeting and then it will be time to
celebrate with your friends and colleagues. Contact Wendy with any
questions at 772-0060.
Location: Network222 Building ...more
Analysis of the Latest Emerging Risks and Trends
Commissioned By National Association of REALTORS®
Report Table of Contents
1 Capital Markets
Global Access and Managing the Flow Opens New Opportunities
2 In Search of Debt
The Policies, Regulations and Reforms Impacting the Availability of Debt
A New, Interesting Alternative Avenue to Finance Commercial Developments
A Game Changer of the Entire Commercial Real Estate Industry
Changes Impacting Many Di?erent Sectors of Commercial Real Estate
It`s Way Bigger Than Just Millennials vs. Retiring Boomers
Return on Investment Slows Down ‘Feel Good and Do Good’
A New Kind of President Brings Uncertainty and a Totally Di?erent Direction
9 Other Trends to Track
Cyber Security, License Portability, Mergers and Acquisitions, etc.
RSK: It is long, well written and worth every minute you spend on it. Covers all sectors of CRE and some predictions as well.
Been nice if it was a podcast as well.
The competition among tech giants to control entire cities is
officially off to the races. Through its urban planning arm Sidewalk
Labs, Google parent Alphabet is moving to redevelop an 800-acre
waterfront area in Toronto in its image. There is almost no doubt that
the project will produce a cutting-edge vision in experimental urban
planning. Deeper questions about whether tech giant’s should have the keys to the city and whether they’ll be successful at creating and running them, so far, have no clear answer.
In the eyes of Alphabet’s critics,
the company’s bargain for consumers (excuse me, residents) is the same:
Enjoy the luxury and ignore the pernicious implications for privacy and
inequality behind the curtain. There is certainly some truth to this
view. Toronto’s soon-to-be tech hub will feature sensors tracking every
variety of data point imaginable, from general information about air
quality and noise level to more concrete things like energy use, traffic
flow, travel patterns. Cameras on every corner will be used to make
decisions about urban planning: Are residents using this bench? What if
we put it somewhere else? Are this grocery store’s customers coming from
nearby or further away?... ...more
RSK: I find this very interesting. Not in creating a planned city of the future, but looking at the impact of a Hi Tech employer such as the big fish Amazon when it moved into Seattle and rents and home prices skyrocketed. Great for city real estate taxes but it left almost most out of the market except those that were in the higher income brackets. Will this be the case when Amazon or another big fish select their next HQ?
- Mall landlords are increasingly seeking replacements for vacated department stores.
- The spaces present opportunities to bring in new retailers, and even mixed-use components like apartments and offices.
Growth Properties, for example, is partnering with residential REIT
AvalonBay to redevelop one of its centers in Seattle.
As the year comes to a close and the holidays approach, mall owners
are talking redevelopments, and particularly those of vacated Sears stores.
The timely discussion has been a reoccurring theme on many
third-quarter retail real estate investment trust, or REIT, conference
calls. Analysts and investors want to know: "What are you going to do
with that big box?"
RSK: I have said this all along...malls can be micro cities with living quarters, grocery, health and recreation...the ideas are endless.
The U.S. House of Representatives released the bill, called The Tax
Cuts and Jobs Act proposal, last week, revealing that two major industry
tax breaks — the like-kind 1031 exchange and the carried interest tax
break — have been preserved.
The like-kind exchange allows businesses to save millions by trading in older assets for something new, while the carried interest tax break is used by financial managers to cut their tax rates in half. It was originally put in place to incentivize long-term investment, CNBC reports... ...more
RSK: We won`t really know until or if the Tax Bill is passed. My CPA isn`t even sure how it will affect me. I am sure it won`t be good.
While things may seem bleak for retail, various retail corridors
around the world are commanding high rents, attracting new retailers and
remain popular among shoppers and investors.
New York City’s Upper Fifth Avenue has the highest annual rent around
the world at $3K/SF, followed by Hong Kong’s Causeway at $2,725/SF and
London’s New Bond Street at $1,720/SF, according to a report from
Cushman & Wakefield. The Main Streets Across the World report tracks 451 top retail streets and ranks the most expensive in 68 countries by prime rental value.
“Despite a lot of negative headlines, global
retail remains as dynamic and vibrant as ever in response to
technological and demographic change across the world,” Cushman &
Wakefield head of Europe, Middle East and Africa (EMEA) Retail Research
Darren Yates said. “The most innovative retailers are combining their
online and physical platforms to create a seamless omnichannel
experience for the customer, but profile and location play such a
crucial role in the premium retail experience.”... ...more
RSK: Just look at some of these rents/sq.ft......wowsers.
Everyone in real estate knows how to calculate a cap rate — or do they?
Commercial real estate professionals live and breathe capitalization
rates. Every trade publication, market participant, and third-party
report relating to real estate quotes cap rates for various markets and
properties. But ask a group of real estate professionals to calculate a
specific property`s cap rate and you are likely to get a variety of
answers - despite the simplicity of the formula. If cap rates are widely
used and easily calculated, then why does everyone come up with a
...Cap Rate Overview
A cap rate in its simplest form is a return
on an investment based on the principle of anticipation. Value is the
present worth of future benefits. A cap rate attempts to quantify the
risk profile of the future benefits. It is calculated by using a
non-complex formula, R=I/V, where I is the net operating income and V is
the value of the property. In more complex terms, a cap rate measures a
single-period, unleveraged rate of return on a real estate investment.
By converting income into value, a cap rate expresses the relationship
of one year`s income and value.... ...more
RSK: As usual one can fudge or forget some numbers to get the NOI to read a bit higher..i.e. management fees. Good primer on Cap Rates of which I am not a huge fan of but respect it as a quick measure of value...but not the final.
RSK: Yes it is...and what about all the revenue cities, Counties and states make on parking? Will they sell their ramps and parking structures? And where will all these AV cars and trucks park? Miles away? That will lose some of the efficiencies for sure. Interesting.
Ken Notes: I love the idea of self driving cars, but the litigious nature of our society suggests that the reality may be well in the future. I just can not imagine the cost of insuring a system where anyone can jump in front of a vehicle owned by deep pocketed Google...
The Hive and Star Tower are not, as their names
might suggest, the secret bases of crime fighters Green Hornet and Green
Arrow. These structures are packed with impressive technology, and they
are saving developers money and square footage while cleaning up the
The Hive, in Oakland, California, and Star Tower, in Long Island City, New York, are two of CityLift Parking`s fully automated parking systems coming online in the next two months. Bisnow previewed the tech’s inner workings, specifications and how it will help developers and users... ...more
RSK: Well here is an answer to the question of where will AV vehicles park.
The writing is on the wall.
Contractors, apprenticeships, freelance workers?—?going up.
Dedicated, hardworking, head-nodders?—?going down.
What does that mean:
This means creativity and will are going to be valued more than effort or time. Your ideas, your thoughts, your dreams, and your goals will be your currency.
So if there’s no hope of a steady job, what will we do in the future?
It’s a great question, one which I think boils down to three principles, with none of them involving a nice resume or the ability to wow a stranger in a job...
1) Build your ideal environment to create...
2) Find and solve problems...
3) Sell your art... ...more
RSK: Take heed CRE people creativity may be the key to our survival down the new road. As the old saying goes "If you see a fork in the road...take it"!!
Former Oscar Mayer site now for lease or sale. Build-to-suit,
redevelopment opportunities and 25 acres of excess land available.
Office, warehouse, cold storage and manufacturing. High visibility and
easy access from Packers Avenue, Aberg Avenue and Highway 151. Property
could be split to accommodate multiple tenants! ...more
Rent PSF (Annual) (?):
RSK: For all you Rhinie fans out there, they are going to start brewing their own again.Yay!
Ken Notes: I must admit I do like the shorty on a hot day... Refreshing and just a swallow... Woodman`s has it...
U.S. office markets remained strong in the third quarter as high
demand levels pushed rents up. The sector, however, is expected to
experience a moderate slowdown in the new year as the industry
approaches the tail end of this cycle and new supply weighs on core
"Seven years into an unprecedented expansionary cycle,
the U.S. office market remains in growth mode. We continue to be
impressed by the market’s resilience in the face of potential headwinds
and the duration of the economic cycle in comparison to this time
roughly a decade ago," JLL Director of U.S. Office Research Scott Homa
said. "Although we expect the rate of growth to cool in line with
shifting real estate dynamics, we expect that 2018 will be yet another
positive year." ...more
RSK: The main takeaway is that demand is still slowly building and vacancy is being absorbed. And that my friends depends what market you are in.
I can show you two more stories where the opposite is true...but this is an over all statement.
This guide helps determine who is responsible for rental maintenance
and repairs between a landlord and tenant. This article serves as a
general guideline, although your lease and/or State laws may supersede
Generally Tenant Responsibilities... ...more
Generally Landlord and Manager Responsibilities...
Landscaping & Yard Work...
RSK: Love #1 Tenant responsible for replacing light bulbs...not in our office and commercial buildings. How about the rest of you property owners?
TuSimple, a San Diego-based Chinese computer vision and artificial
intelligence startup focused on autonomous driving technology, is
launching an autonomous truck fleet in partnership with Nvidia, inventor of the GPU, the brain used in computers, robots and self-driving cars that allows them to perceive and understand the world.
As part of the launch, the company is test driving fleets of
vehicles. TuSimple has conducted a 200-mile test drive of the technology
using Lincoln sedans between San Diego and Yuma, Arizona. On Monday, it
launched a test of 18-wheeler trucks between Tucson and Phoenix. During
the test period, the trucks will log 3 million miles to prove the
safety of this technology... ...more
RSK: I wonder what this will do to railroad freight business.
Ken Notes: Let me get this straight we will see self driving trucks before we see regularly scheduled rail freight routes like Fed Ex for big stuff. We are a very crazy nation...
RSK: This is all so very nice but for me I would like to separate work and play a bit more that way I would appreciate them both a bit more.
Retail real estate in 2017 can be best described in two words: “in flux.”
Vacancies across the nation have risen as big-box retailers and
department stores announced closures and the construction of new product
simultaneously slowed. But experts agree that retail real estate’s
fundamentals remain strong. Mall operators continue to adapt to the changing landscape, and high-traffic, urban metro markets remain the best-performing in the sector.
Lost in the conversation about retail’s bifurcation is the health of the strip mall — the under-100K SF red-headed stepsibling to luxury retail and the shopping mall... ...more
RSK: I love this. 10 years ago they were maligned with vacancies and upkeep was a problem. Today most of them in good locations are thriving. The kick back to Big Boxes. Restaurants seem to do well in these places as do small service retailers. They are a landlords dream right now....as long as they understand depreciation is real and need to do maintenance and upkeep...
Mid-America Real Estate - Wisconsin, LLC offers the same high level of service in property leasing, asset management, tenant representation and investment sales for which Mid-America has become known.
RSK: Omni channel is the new buzz word here. The largest demand is the urban in-fill area...
industrial properties form the backbone of the e-commerce supply chain.
That’s helped them flourish over the last decade in core regional
markets from the Inland Empire to Atlanta.
Big-box CRE facilities measure 200,000 square feet or more, and while tightening industrial fundamentals support demand across core markets, secondary markets are beginning to steal the show. A recent Colliers International report
said secondary markets are becoming more important than ever before as
online sellers race towards next-day and same-day delivery. That dynamic
is accelerating demand and reshaping markets. ...more
From Cincinnati to Memphis...
RSK: Well the Midwest is well represented!
The country`s largest mattress retailer is accusing a host of real
estate companies and executives, including its nationwide real estate
broker, of a multiyear scheme that involved inflated store rents,
bribes, high-priced gifts and kickbacks from developers. The company
claims the scheme may have affected more than 800 stores nationwide.
Houston-based Mattress Firm is suing Colliers International`s
Atlanta office, Colliers International Senior Vice President Alexander
Deitch and two of the retailer`s former in-house real estate executives —
Bruce Levy and Ryan Vinson — for allegedly steering Mattress Firm
stores to locations with leases well above market rates.... ...more
RSK: Stay tuned on this one. I don`t even think full disclosure would have helped these guys out.
The entire restaurant industry has
been radically shaken by smartphones over the last decade, and
particularly in the last 5 years. 25 years ago, food service centred
around either old-fashioned sit-down places, or phoned-in delivery
(which was itself a major innovation).
While metropolitan areas like Sydney or Melbourne
have always been up with cutting-edge technology, most areas have been
dependent on at least one of the two options, sometimes only one...
RSK: John hits a main point or two here. One, people like last minute reservations and the smart phone can accomplish that. Secondly what we have found in our places is lunch hour is being more and more dominated by phone and on line ordering. Few people eat at the actual restaurant.
Most is to go as workers head back to their offices to eat. Plus how many can your seat and serve in an 1 1/2 hours, Ordering on line or by cell phone has more than doubled the amount you can serve in the coveted window. This will also change the amount of space configuration a restaurant will need for you CRE brokers and owners. Make it easy for people and the restaurateur serve their customers at a controlled expense. ...more
Customer expectations will be at an all-time high this holiday
season, which means marketers must work harder than ever to deliver
bottom-line cheer. But there can be good tidings for retailers
(including brick and mortar), especially with Deloitte predicting holiday sales to surge November through January.
To meet customer expectations and overcome obstacles -- including
increased competition from Amazon, deep holiday discounting and
oversaturation of brand communications -- marketers need to shift
strategies now to drive revenue during this ultra-competitive time of
year. Honing in on customer insights, omnichannel effectiveness and
loyalty will help retailers get to the bottom of what their customers
really want and deliver long-term marketing ROI. ...more
RSK: Okay CRE Brokers of retail...take note how you can help your clients in this area. Data is becoming King in so many ways.
3 offices large working/reception area. 970 sf. End unit with
windows. Common Conf and kitchenette. Bus line. Easy access to airport
and Interstates. Ste # 107.
Building For Lease: 1310 Mendota 106 104
Ste 104 is 206 sf Ste 106 is 139 sf.....can be combined.
Common Conf room, kitchenette. On bus line. Easy access to airport and Interstates, West Town & Hwy 151. ...more
Successful Dairy Queen location available on busy Fish Hatchery
Road with a high vehicle per day traffic count. The restaurant is open
and operational. The building features nice indoor eating area as well
as outdoor patio seating. This attractive property has income in place
and is a solid performer. Sale includes all inventory and all
furniture, fixtures, and equipment (FF&E)...
Dairy Queen - Verona - 651 Hometown Cir - Verona WI ...more
Professional Real Estate Management and Sales
Hard times for shopping malls
, the iconic American concept
that has been exported to the entire world. Some analysts say a quarter of all such centers
in the United States face closure in the next five years, mainly due to
the growing popularity of online shopping, although other economic and
sociodemographic factors are important. In 2017, more than 3,200 well-known chain stores
such as RadioShack, JCPenney, Kmart, Sears, Macy`s or Payless
ShoeSource, among others, have closed in the United States, many of them
located in large sites whose closure generates problems
in the surrounding neighborhoods.... ...more
RSK: Yes they can if the morph and become shape shifters...
I read a fascinating article
this week about how the big five (Apple, Alphabet, Facebook, Amazon,
Microsoft) are dominating the world of tech. Obviously, it wasn’t always
this way. But as I reflect on the trends over the last few decades in
tech, it’s clear that this is where the landscape has settled for now
and into the foreseeable future. The authors conclusion - there was an
era where startups reigned supreme only to be supplanted now by a few
RSK: I understand his reasoning here but sometimes the ninja move and its ability to adapt change and have less hoops to go through makes the first inroads.
For the past decade or so, baby boomers, Gen Xers, and just about
anyone writing about business or social trends has enjoyed getting to
capitalize on the impending arrival of the millennial generation.
Depending on who you ask, millennials are born somewhere between the 1980s and the early 2000s,
they grew up with technological access, and have both annoying and
amazing qualities like a sense of entitlement, familiarity with
technology, limited coping skills, and a desire to do social good... ...more
RSK: And the worm turns...very good update on Gen Z!
SAN FRANCISCO (Reuters) - Whole Foods Market met a
new foe this summer during talks to lease a top retail space in a San
Francisco mall: the Target next door.
As City Center mall’s largest tenant, Target Corp
had a say over changes to the property. According to people familiar
with the lease discussions, Target balked at sharing the mall with Whole
Foods because it feared competition from the grocery chain’s new owner,
Amazon.com Inc... ...more
RSK: A little boulder in the middle of the road for Amazon brick n mortar expansion ideas.
October 25 @ 10:00 am - 12:00 pm
RSVP to Andi at email@example.com See the event flyer for complete details. Sauk Columbia App-y Hour 2017
6,600 sf to 8,200 sf of heated and hard to find sprinklered
2-3 loading docks with levelers, 22` high ceilings. Easy access to
Beltline Hwy East or West and interstate. Limited use of drive in door.
Gross lease. Currently used for pallet storage by owner. Nice clean
Duke Long’s Top 10 Most Influential Online Commercial Real Estate People 2017.
Yes, it’s that time of year once again.
Here we are now into our seventh year.
How do you get to be one of “the most influential” people in commercial real estate?
Relentless work and commitment to this business, our business of commercial real estate.
Here they are in order! ...more
RSK: As the Dukester says "It is still about connecting and helping people out". Amen brother.
Contrary to popular belief, the retail industry is not on its last legs.
The third quarter brought positive news for the sector thanks to strong consumer confidence and positive economic fundamentals that are anticipated to continue in the coming months.
"Grocery-anchored neighborhood and community shopping centers account for the lion’s share of U.S. shopping centers and all but the weakest of these are going to continue to perform well," Cushman & Wakefield Vice President of Retail Research in the Americas Garrick Brown said. ...more
RSK: "Shedding brick n mortar too stay afloat and focus on more on-line". The key here is someone needs to house the merchandise somewhere. Stores used to be "mini warehouses" for products and last mile concept. As they close the manufacturers will have to store their goods somewhere. You will see the big boxes become warehouse inside malls...and hence...back we come full circle.
3 offices large working/reception area. 970 sf. End unit with
windows. Common Conf and kitchenette. Bus line. Easy access to airport
and Interstates. Ste # 107.
Suite 104 is 206 sf. Suite 106 is 139 sf.....can be combined.
Common Conf room, kitchenette. On bus line. Easy access to airport and Interstates, West Town & Hwy 151. ...more
Hales Corners-based bike retailer has purchased the assets and
inventory of Middleton Cycle bicycle shop and will convert it into a
Wheel & Sprocket store, according to a news release... ...more
RSK: Greater Madison is becoming a Mecca of Bicycle shops...and why not? We are bike friendly.
Ken Notes: I`ll pitch this here since I can`t get any traction at WDNews. Madison should install bike lockers or a bike storage facility at Alient Energy Center for those who want to peddle that last mile to downtown...
Affordable. Versatile. Excellent visibility. A unique gem tucked alongside Madison’s West Beltline Highway 12/14...
Yes, let me state right up front, “I AM BIASED.”
If you are looking for a fair, open, perfectly written and crafted unbiased journalistic article you are in the wrong place.
You may have already known that when you clicked on in the first place. (Wink)
Seems too obvious to me. #CRE is always on the lookout for talent. Of
course, it’s not just #CRE it’s stated as a top issue in any industry.
I realize that there are some schools (Wharton) and companies
(Blackstone) that seem to attract some of the best and brightest to
RSK: Couldn`t agree more with the Dukester on this one.
High visibility & easy access from McKee Road!
Join Barriques, Subway, Oak Bank, Haveli Indian Restaurant and Princeton Club Express!
Earlier this week, The Associated Press reported that Amazon
received 238 proposals
from cities and regions that want to house its second North American headquarters.
Indeed, Amazon has a lot to offer: a promised 50,000 jobs and $5
billion to spend. Everyone—including Gotham—wants in on the action.
In its attempt to lure Jeff Bezos to our city, New York hasn’t shown this much leg since The Deuce era... ...more
RSK: This is a synopsis of why these 4 areas of New York City feel they should be selected for Amazon`s HQ2.
WASHINGTON –The National Retail Federation welcomed tax reform
legislation introduced today and called on Congress to get the measure
to President Trump as soon as possible.
“President Trump wants to sign tax reform into law by Christmas, and
we think that would be the perfect present for the American people and
the U.S. economy,” NRF President and CEO Matthew Shay said. “The
timetable is ambitious but it’s absolutely doable. Retailers are
committed to getting this done and the legislation unveiled today shows
that Congress is, too. It’s been a full generation since the last time
our nation’s tax code was updated. Our economy can’t afford to wait
another generation.”... ...more
RSK: Some good info here regarding the proposed new tax bill.
Join us for networking and celebrating the holiday season with networking, cocktails and appetizers!
We will start off with a tour at AC Hotel Madison Downtown and short
presentation, followed by drinks and appetizers at Eno Vino on the 10th
If you are unsure if you are a Wisconsin Member, please visit the link HERE..
In regions across the country, the
rise of e-commerce is bringing industrial warehouses to burgeoning
prominence in commercial mortgage-backed securities transactions,
according to a report from Morningstar Credit Ratings. The report, prepared by analyst Jennifer Jones,
notes that in the first half of 2017, logistics and distribution
facilities outperformed all other major real estate categories in
supply, demand, occupancy and rent growth.... ...more
In the hours after Xceligent parted ways with founder and longtime
CEO Doug Curry, CoStar — the $9B data giant, dominant commercial real
estate data figure and Xceligent`s legal adversary — went on a marketing blitz.
Rather than tell customers about a new product or program, CoStar
sent electronic messages late Tuesday night, and print materials
Wednesday morning, highlighting its case that Xceligent is stealing its
intellectual property, making claims around Curry`s exit Xceligent
representatives said are "patently false."... ...more
RSK: Another episode in this crazy Soap Opera. Tune in next week for another one.
With the largest Real Estate Practice of any law firm in Wisconsin, Reinhart offers clients custom-tailored real estate insight.
Like many retailers, Hudson`s Bay has been
struggling to stay afloat amid the shifting retail landscape, but this
deal could prove beneficial. WeWork and HBC agreed to a landmark deal that included the sale of Lord & Taylor’s Manhattan flagship for $850M to a joint venture of WeWork and Rhône Tuesday morning.
As part of the agreement, Rhône will invest $500M
into shares in Hudson`s Bay, some of which will eventually transfer to
the JV, called WeWork Property Advisors. The deal also calls for WeWork to convert the top floors of several of Hudson Bay`s 480 department stores into office space, the New York Post reports... ...more
RSK: Love re-purposing and We Work is great at it. Retail is morphing my friends.
A new type of
neighborhood is taking hold of the millennial generation and it could
prove to change the face of golf communities across the country.
These new communities are called "agrihoods," or agricultural
neighborhoods. The areas are often planned around working farms and
offer green space, barns, outdoor kitchens and farm-to-table restaurants
that appeal to the millennial generation because they allow residents
to do environmental good in a community-based setting, Business Insider
RSK: Take head owners and developers.
Ken Notes: Wait wait wait, Millennials are a diverse group but they do want experiences and less burden they saw mom and dad tied to mowing lawns and a mortgage and they do want to cut those ties...
With store closings, bankruptcies and increasing
online shopping, retail has received a lot of negative attention in the
news recently. However, retail does not appear to be dying, rather it
is evolving as all industries must over time. Real estate owners must
evolve along with this changing retail landscape in order to attract
Online shopping has been steadily increasing; however, traditional
retailers have battled back by adapting their e-commerce strategies.
Meanwhile, traditional e-commerce retailers are exploring physical store
locations. This retail evolution is producing a hybrid model of
retailers that offers both brick-and-mortar and online sales.
The new version of retail stores often includes the following:...
RSK: It keeps morphing and the building owners who can evolve to serve these new tenants can reap the benefits of some higher rents.
This 10 Acres that joins the Village of Brooklyn, that is only 12
minutes from the Madison Beltline on a State highway provides an
investment for development, business, and other pursuits. Currently the
property is in the Township of Rutland
zone A-1 has potential for annexation and connection for services. Over
6000 SF of storage with a well maintained pre Civil War house. Many
A recent study from ARC Document Solutions found that construction industry professionals identified virtual reality as the most important emerging technology
within the industry. Virtual reality technologies have made great
strides in recent years, and enterprising construction firms have begun
using VR to bring new life to an old industry. Here are some of the ways
that VR is changing the construction industry.
Virtual Reality for Immersive Walkthroughs and Increased Client Satisfaction
Forget architectural drawings or 3D models, virtual reality
technology brings new projects to life. One California commercial
builder has been using Oculus headset technology to create immersive
renderings of their developments. The virtual immersion headset allows
clients to move through a scaled-up 2D model, experiencing it in three
The switch to VR
saves them time by allowing their clients... ...more
RSK: Haven`t heard much about VR in CRE lately but this is a great example of a use for it.
Skiers and snowboarders love snow. So do dogs. When you hit the
slopes out West this winter, you may notice Man’s Best Friend riding the
lifts, cruising around piggy-back on snowmobiles, running behind a
skier, or just chilling out. Take the time to give them a good petting.
After all, they are there to save your life.
Virtually every Western (and European) ski resort has a canine staff,
a team of highly trained rescue dogs who use their speed, on snow
agility and incredible sense of smell to locate buried avalanche victims
faster than any known alternative. It is believed that one dog and its
handler can do the job of 150 trained human searchers in the same amount
of time. For much of skiing history, this canine safety net has been
hidden behind the scenes, but resorts have given them an increasingly
public persona in recent years - and guests love them... ...more
RSK: I couldn`t resist forgive me.
9,000 SF Commercial Building; Zoned C-2 - Easy access to Hwy 12
& Hwy 19. 6,750 SF available, white boxed ready to finish for you
or your future tenants needs. Current tenant paying $49,140 in annual
rent. Seller will condo the building in half. 4,500 SF on main level
with 1,500 SF of mezzanine for $575,000. ...more
December 4 | 5:00 – 8:00 PM
CARW Holiday Party
December 14 | 3:00 – 7:00 PM ...more
RSK: A list of CARW Events and CE.
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This is a statement that has been asked so many times over the past few years. You are told to get tech, be tech or perish.
But for some reason, that statement when put within the context of commercial real estate goes unheeded.
Why is there still so much resistance?
Why do you want to be the last one to have to change?
Ask yourself this simple question: Are you keeping up just to keep up
or are you truly trying to use technology as an edge to win?... ...more
RSK: A hard question to answer but I think there is a split on this depending on age...
100% Rented. 8-1 bedroom apartments and 1 commercial space make
up this historic building on busy Main St. in Stoughton. Walking
distance to shopping, library, theater, dining and more. Building has
been remodeled over the last 5 years and the last 2 units were completed
in Aug 2017. Chicago Style Warehouse makes these easy to rent. Call
Julie Flint 608-279-4247 to schedule showings... ...more
The Shoppes at Walnut Grove is anchored by Chipoltle, Park Bank et
al. For the first time ever we have a 1,501 sq.ft. space available.
Located on University Avenue, directly across from Super Target in the
Hilldale Shopping Center. There is 194 units of upscale apartments
(The Lodge) located adjacent to the Walnut Grove Shoppes.
AMAZING INVESTMENT OPPORTUNITY! The Skyline Ski Resort is FOR
SALE! Restaurant/Bar, Chalet, Rental Shop and Warehouse. So many
options with this spectacular 176 acre property! Ski Hill, Camp Ground,
Concert Venue, Extreme Sports Ground....the possibilities are endless.
Location is key, only 25 miles North of WI Dells, extremely close to
Castle Rock Lake and Northern Bay Resort. ...more
Duke- In response to your article Are You Adapting to Commercial Real Estate Technology Quickly Enough?
I always enjoy your perspective on the CRE Tech world. Your piece on
“Are You Adapting to Commercial Real Estate Technology Quickly Enough?”
brings me back to a historical perspective that I have frequently told
over my almost four decades as a technology investment banker.
In 1982, the world was abuzz with the arrival of the IBM PC the year
before. What I remember hearing was how “astonished” the world was at
how quickly these new machines were appearing on the previously
expansive and uncluttered desk space of corporate executives. Some tech
watchers proclaimed the impending widespread adoption by corporate
chieftains of this new and powerful tool... ...more
RSK: Good account and perspective to the above. But I see the good old boys using technology but mainly just for emails and printing material. They do a bit of surfing and some analytics but usually get lost and need someone to help them through it. If something goes awry they really have no clue how to look for solution. Something as simple as "is the cord plugged in" is beyond them. So the ones that are curious and bold enough to try and understand a problem if it arises are the one who will go forward. I am sure we all have one or two of these people in our offices.
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J. C. Penney Co. shares tumbled the most since they began
trading in 1980, hurt by deeper losses and a sense among investors that
department stores are stuck in an intractable slide.The
rout followed a warning by the company that a massive inventory
liquidation would bring a flood of red ink in the third quarter,
renewing the sense that department stores are losing ground to
e-commerce. The shares fell as much as 25 percent in the wake of the
RSK: JCP leases and owns some prime real estate locations in Malls and cities. They may be taking a look at that to right the ship and boost their online promotions.
Ken Notes: It blows my mind that the big guns in home delivery and catalogue stores are being destroyed by Amazon who has to build its distribution system from scratch. From 1908 through the 1930s you could buy a house from Sears (see above) now you can`t even get an appliance anymore. Go figure.
This is a 1.2 acre site available for a new commercial project or
using the existing building. The existing building is approximately
1,200 SF. Zoning is CC-T. This zoning includes anything from
commercial to multi-family. 14,000 cars per day. Great visibility.
Lots of room for a new project. Asking price is $775,000. The owner
would ground lease the site for $60,000/year NNN ...more
Offering real estate services and design-build construction solutions for growth oriented clients... ...more
The industrial market has been on a hot streak since 2012? Is it time
for an inevitable slowdown? Or will the good times continue?
it seems, lean toward the latter. And many of them have a warning for
investors: Whatever you do in industrial real estate in the future, you
need to have an Amazon strategy to deal with the growth and increasing
reach of the online giant.
The majority of brokers who
responded to a recent survey from Real Capital Markets and the Society
of Industrial and Office Realtors said that investors will remain active
– either at current levels or slightly elevated ones – in this
commercial sector for the next 12 to 18 months. These same respondents
said that e-commerce – and especially activity by Amazon – continues as
the most important factor influencing this commercial sector, for both
good and bad... ...more
RSK: We know we are seeing this pressure since Amazon started expanding....do you have your strategy in place?
Where do you get your news? Television? Newspapers? Friends?
According to a new report
from the Pew Research Center, even more Americans are likely to turn to
social media to read about what`s going on in the world around them.
Just around one-in-four of US adults, or 26 percent, say they get their
news from at least two social media sites—up from 15 percent in 2013 and
18 percent in 2016.
should come as little surprise that America`s largest social network,
Facebook, is where plugged-in users are most likely to get their news.
According to Pew`s study, about 45 percent of Americans turn to Facebook
for news, and half of those getting their news from Facebook only
got their news from Facebook. Around 30 percent said they received
their news from two social networks; 20 percent said they got news from
three or more social networks.... ...more
RSK: You say you don`t believe it? Well, you are reading this so it is true my friends.
Ken Notes: Tax update a good reason to read to the bottom...
Landmark historic Madison restaurant on the market for the first
time in 41+ years as the owners are ready to retire. 5,561 SF building
on a 1.04 acre lot with plenty of parking. Sale also includes a rental
property located on the adjacent parcel at 2912 E Johnson St. consisting
of 3 apartments - one 2 bedroom - 1 bath unit on the first floor and
two efficiency units on the 2nd floor...
Our roster of restaurants reads like a who`s who of Madison`s favorite eateries: From Monty`s Blue Plate Diner, to The Avenue Bar, to Steenbock`s on Orchard, each is unique in its atmosphere and menu and each is the best at what it does! ...more
Located in the Village of Cross Plains on Hwy 14. 12,000 cars a
day exposure. Wonderful retail center. Currently has Coffeehouse, Dry
Cleaner & Cosmetic Firm/Retail. Addition & Remodel completed in
2004. Site offers ample off street parking, room for expansion and/or
additional building. Cross Plains has undergone extensive renovation of
Main St. TIF money available... ...more
Excellent opportunity for Owner Investor or Owner Occupant. Large
commercial building with oversized asphalt & lighted parking lot
with loading dock. Large enough to handle semi-trucks. Plenty of room to
expand. Updated building includes recently buried utilities, new
heating/cooling & new rubber roof. Corner lot property fronts HWY
14. Seller may consider a Land Contract. ...more
The successful Kettle Ridge Condominium currently has 18 units
owner occupied, and there are sites remaining for 3 buildings of 6 units
each. Great for the builder/developer looking for the proven project
that still has opportunity. Priced to sell! ...more
DEERFIELD, ILL. — Walgreens Boots Alliance Inc. (NASDAQ: WBA), a
global pharmacy-led enterprise comprising brands such as Walgreens and
Duane Reade, plans to shutter 600 of its stores as part of its $4.38
billion purchase of rival Rite Aid Corp.
During a conference call on Wednesday, Oct. 25, Walgreens spokesman
Michael Polzin said the 600 shuttered stores will mostly be Rite Aid
locations within close proximity to existing Walgreens stores as the
company looks to optimize its retail store footprint.
On Sept. 19, Walgreens announced it had secured regulatory clearance
for its acquisition of 1,932 stores, three distribution centers and
related inventory from Rite Aid. ...more
RSK: You saw this coming. More opportunity for someone to buy or lease some choice locations for other than a Walgreens.
Researchers have dubbed a new strain of ransomware GIBON, although its origin remains a mystery. Last week, ProofPoint researcher Matthew Mesa
discovered the ransomware, which is being distributed in the common fashion of phishing campaigns... ...more
RSK: My "Be careful" article of the week. As Holidays approach this malware, ransomware etc. becomes big business.
Successful restaurant with 31 years of positive revenue growth is
available on the east side of Madison for only $595,000. Upon sale, the
owner is retiring, but is willing to assist during the transition to the
new owner. This property has income in place and is a solid performer
with upside potential. Sale includes all inventory and FF&E, along
with the website, name, and real estate. ...more
5,200 sq. ft. of divisible retail space is available at 8301
Murphy Drive in the city of Middleton. Co-tenants include Sherwin
Williams, Massage Envy and Embrace Nutrition. Neighboring businesses
include Costco, Verizon, Sport Clips, Monks, Arby`s, Subway and Great
Clips. Motivated Landlord! ...more
This site is approximately 2.5 acres zoned CC. Located directly
across Junction Road from University Research Park 2. Great visibility
to all the traffic traveling between Verona and west Madison. Zoning
uses include commercial to multifamily. Asking price $1,250,000. ...more
The Gialamas Company`s premier development. The park has over 57 buildings containing 200+ companies, occupying over 3.0 million square feet.
Madison Lifestyle Office Portfolio comprises 16 Class A properties totaling over 1.7 million square feet of leasable area and an additional 8.3 acres of development land. The portfolio is located on the west side of Madison, Wisconsin.
Expect Professional Management with a Personal Touch
with every T. Wall Urban Village.
(608) 575-1018 or Contact@TWallEnterprises.com ...more
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