Click To Read Online...

This Weeks Articles...

Need a primer on a commercial subject -- try searching CirexNews: Search Here!


   ...more

Cirex News is emailed weekly to over 1,300 CRE Brokers/Agents and people interested in commercial real estate. In our weekly News & Views you can promote your clients properties and your services for just $15 for new listings (If it is put into the Cirex Guide no extra charge) and $25 for a banner ad (also free to Guide advertisers). call 608-345-2880...

Social Links

Department stores are shutting down across the country — here`s the list of Macy`s, Nordstrom, and Kohl`s stores that will close this year

Department stores are kicking off the year with a string of store closings.

Collectively, Macy`s, JCPenney, Kohl`s, and Nordstrom are closing more than a dozen stores.

See the full list below:...

   ...more

RSK: I didn`t see any WI’s stores on the list but I may have missed one. Seems like Kohl`s is closing stores that are located in Malls...

Ken Notes: I can offer a little insight here, most of the retailers I have talked to have said they want to be come a destination not part of a mix. Their research suggests, if you drive to a stand alone store you are far more likely to make multiple purchases...

Social Links

6 key components of the store of the future

From Walmart to DTC upstarts like Burrow, retail executives shared their perspectives on what`s essential for the next generation of physical stores.

The future of stores — the ones that will still exist — will be highly experiential. They`ll engage the customer`s senses, cater to convenience and let customers shop on their own terms. At least that`s the message coming out of Future Stores, the Miami-based retail conference that took place last week. 

Executives focusing on store design, real estate, technology and employee education programs convened to talk about what the future of stores will mean for them, their employees and, of course, customers. Here are some of the most illuminating quotes from the conference and what you can expect from leaders in brick-and-mortar experiences in the coming year...


   ...more

RSK: Some interesting thought processes going on here. Retail is still morphing.

Ken Notes: Six opinions from retail leaders and everyone is basically suggesting it is about the experience -- not the product -- not the price -- not the brand. Ralph and I have suggested this for some time now, as a developer you need to talk to your tenants to see if you can work with them to create that destination experience especially if they have a product that is also available on Amazon...

Social Links

Congrats 2018 Deal of the Year Winners
Congrats 2018 Deal of the Year Winners

Office Building

345 West Washington Avenue
Andrew Schmidt
The Alexander Company

Industrial

Generac Power Systems
2900 Beloit Avenue
Chase Brieman
CBRE

RETAIL

99 West Beltline Highway
Chris Caulum
Oakbrook Corporation
Mike Herl
Madison Commercial Real Estate

LAND / OTHER

Madison College | 801 West Badger Road
Jenny Lisak and Deb Ersland
Key Commercial Real Estate

OVERALL DEAL OF THE YEAR

Jenny Lisak & Aimee Bauman
Key Commercial Real Estate
The Gebhardt Building
801 E. Washington Avenue




Next Event:

CBG Meeting and CE (course TBD)
Date: Tuesday, April 9th, 2019
Time: 07:15 AM

   ...more

Social Links

Out On A Limb: 14 Predictions For Retail In 2019
Last year I started making annual retail predictions--some more provocative than others. For a first-timer I must say I think I did pretty well. Undaunted, I`m now back with my 2019 list of (mostly) bold predictions. Here goes...

  • Apocalypse? No.
  • The collapse of the middle continues apace.
  • The stores strike back.
  • Isn`t ironic? For DNVB`s now it`s mostly about brick & mortar.
  • Better is still not the same as good for Macy`s, et al.
  • It`s do or die time for JC Penney.
  • An Amazon and Walmart showdown.
  • The emerging BOPIS crunch.
  • Stores as theater.
  • Micro-markets start to shine.
  • Wayfair crashes back to earth.
  • Voice shopping remains a yawn (for now).
  • Better metrics start to emerge, albeit too slowly....

   ...more

RSK: Some right predictions but a few are probably not going to happen to the degree he is predicting.

Ken Notes: I would add from my recent speeches, "Retail will shift from location, location, location to destination, destination, destination. Shoppers now need a compelling reason to leave their homes...

Social Links

Bracing For A Recession: Industry Experts Weigh In On What Preventive Measures They Are Taking

When is the commercial real estate property bubble going to burst?

Depending on whom you speak to, a market correction or even a recession is already happening or could occur later this year or next year or 2021 or 2022.

No one is quite certain the date. No one is quite certain of the impact. But what experts do know is a downturn is bound to happen...

   ...more

RSK: My take is to just be smart about your investments and do not get too overloaded with debt. Maintain a good balance of equity.

Social Links

Amazon Officially Announced Itself As A Competitor To FedEx, UPS

Amazon is the figurehead for the supply chain revolution that has caused a boom in industrial real estate, and it is still growing its influence.

In its annual 10-K filing with the Securities and Exchange Commission, Amazon added transportation and logistics companies to its list of competition in 2018, CNBC reports. It is the first time Amazon has named shipping and logistics as a moneymaking element of its company.

For many of the products listed on its site, Amazon acts as a go-between for merchants of consumer goods and shipping companies that take those goods to consumers` doors. Though its entries into the seller arena have grabbed headlines, it has increased the use of its own services in shipping and relied less exclusively on partners such as FedEx, UPS and the United States Postal Service, according to CNBC...

   ...more

RSK: All in the name of the last mile. Now, even WeWork has dipped into the warehouse/distribution sector…interesting.

Ken Notes: Do I get credit for saying distribution will be the next trillion dollar industry. Amazon would do better to buy an existing carrier that could take additional product...

Social Links

IA Management

   ...more
IA Management is a full service property management company located in Madison, Wisconsin. Our objective is to be a profitable leader in both commercial and residential real estate.

Social Links

METRO MILWAUKEE 2018 YEAR END OFFICE MARKET REPORT
METRO OVERVIEW - OFFICE PARKS

INTRODUCTION

Colliers | Wisconsin is pleased to present our annual year end office report for metro Milwaukee. Throughout 2018, local real estate fundamentals remained strong. Not only did vacancy and absorption continue on their positive trajectory, but multiple assets hit the sale block and garnered national attention. Moving into 2019, a few large blocks of space will come online, and additional assets are expected to hit the sale block. 

Within this report you will find not only the highlights from the year, but also insight into the various office parks around the metro area.

This is an INTERACTIVE REPORT...
   ...more

Ken Notes: Find a big screen and spend five minutes with this one.

Social Links

Most shoppers are still leery of buying their groceries online. But delivery in the US is set to `explode`
  • In the U.S., a mere 3 percent of grocery spending takes place online today.
  • A new study by Bain & Co. in collaboration with Google finds shoppers are still reluctant to try delivery services and often don`t stick with them.
  • But the firm predicts grocery delivery will ultimately take off as companies continue to invest in it.

You might think that just about everybody is buying groceries online today, as retailers like Walmart, Kroger and Amazon race to perfect their delivery services and tout their abilities to get food to shoppers` homes in under an hour. But that`s not exactly the case.

Grocery shoppers are still concerned they`re being charged higher prices online and complain about delivery drivers being late, among other disappointments.

   ...more

RSK: Every time I go to Hy-Vee there are boxes and bags of groceries lined up for delivery so they may not be suffering the same as others.

Ken Notes: like all new tech there will be a learning curve as consumers decide how they want to shop. Remember many people do not know exactly what they want when they shop, thus the store provides the experience (visual selection) they want. It is about this experience and stores and online retailers that provide great ones will thrive.

Social Links

The CEO of the biggest mall owner in the US says he’s nervous about more retail bankruptcies this year
Key Points
  • Simon Property Group CEO David Simon tells analysts he’s nervous about more retail bankruptcies happening this year.

  • Still, the real estate owner is confident about its plans to bring in alternative uses like hotels and gyms to malls.

The biggest mall owner in the U.S. is warning of more store closures and even bankruptcies to rattle the retail industry in 2019.

“There are some retailers out there that we’re nervous about,” Simon Property Group CEO David Simon said Friday...
   ...more

RSK: If he is nervous then something is about to happen. Mall`s may have to get out of the Big Box Dept. Store mode and go with more specialty and local venues. Also how about Food Carts and Farmers Markets, entertainment and apartments.? Seems everyone wants one of those.

Social Links

West Coast real estate is now so expensive that married couples are moving in with multiple roommates

The number of married couples living with roommates has doubled since 1995, new report finds

Sometimes, multiple roommates. Just ask Kelsey Riley Dixon. The 29-year-old business owner and her husband, a semi-pro kayaker, share a four-bedroom home with three male roommates “to reduce costs in the very expensive city of Seattle,” she says. “It allows us to have a home in a really expensive city with a deck, a backyard, a basement — and we are able to pay half the rate that we would living on our own.”...

   ...more

RSK: My daughter and I were just talking about this. Nice to visit west coast but unless you have your dream job overpaying you nice to come back to reality and home.

Ken Notes: This is an economic development issue that Wisconsin does not push. EPIC and others talk about housing opportunities in their pitch to millennials but the state -- not so much...

Social Links

ST. Johns Properties
St. Johns
   ...more
Five flex/R&D buildings - 138,000+ sq. ft. - Hwy 51 and Hoepker Road - High End Image - Affordable and Flexible Floor Plans - Warehouse - R&D, Light Manufacturing - Showroom

Social Links

Seniors are to blame for housing shortage, study finds

Millions of senior citizens are staying in their homes longer than their predecessors in earlier generations, keeping homes off the market and making it more difficult for younger Americans to break into ownership.

According to an analysis from economists at Freddie Mac, 1.1 million homes have been “held off the market” by owners born between 1931 and 1941, and another 300,000 by those born between 1942 and 1947.

Another 250,000 homes are still being occupied by their baby boomer owners – those born between 1948 and 1958 – although most analysts believe there’s a big wave of boomer retirements ahead that may change the aging-in-place dynamic quantified so far...

   ...more

RSK: One reason being we are much healthier and wealthier today than ever before. This allows people to stay in their homes longer by just making a few modifications and hiring out yard work, cleaning, repairs etc.

Ken Notes: I would add that we are not building the inventory boomers want. We need amenities, flexibility, walkability, events, food, entertainment... As a boomer let me tell you I am not moving into anything that looks even remotely like a "home"...

Social Links

[Video] Backstage Pass: Flexible Workspace Providers, Featuring Breather
Over the last two years, flexible workspace has accounted for nearly 30 percent of new space leased in the U.S. From startups to Fortune 500 companies, occupiers of all sizes are drawn to shared and short-term office spaces for their flexible concepts, amenities and sense of community. But the options can be dizzying. Today, there are an estimated 7,600 flexible space operators worldwide....   ...more

RSK: This is very cool and interesting. Take a watch as the view and tour all flexible space providers...

Social Links

Worried about a recession? Consider a move to these 7 slump-proof US cities

Worried that the relatively rosy economic times may soon be over? You’re not alone.

A recent survey from Duke University found that half of U.S. CEOs surveyed expect a recession to kick in by the end of this year, and even more — 82 percent — are sure a slump will hit by the end of 2020. If they’re right, we could all be in for some belt-tightening in the not-so-far-off future....

   ...more

RSK: I would list Madison as #10. Interesting that most are in the Midwest.

Ken Notes: Madison needs to lower median home prices...

Social Links

Weed company Green Growth Brands to open CBD shops in malls across US, as Barney`s adds `cannabis lifestyle shop`
  • U.S. mall owner Simon is about to open more than 100 shops selling products infused with CBD.
  • It`s partnering with Ohio-based cannabis firm Green Growth Brands.
  • Department store chain Barney`s is also opening a cannabis shop in its Beverly Hills location.

The biggest mall owner in the country is about to open more than 100 shops selling products infused with CBD, short for cannabidiol.

Simon Property Group on Monday said it was partnering with Ohio-based marijuana company Green Growth Brands to open 108 locations selling CBD products this year at Simon`s U.S. malls, which include Roosevelt Field Mall in New York and The Galleria in Houston....

See Also...

Wisconsin governor announces proposal to decriminalize marijuana possession, legalize medical use


   ...more

RSK: You are going to see more and more of this. It is like having a coffee shop in every strip mall or a gym or yoga studio. It will become a matter of convenience. Already one each near East & West Tone but not in the mall itself.

Ken Notes: As developers we need to be at the table here because this retail market can be upscale facilities or any space will do... We need to push for medical like facilities with quality retail space. There is a lot written about this! Google -- retail space for medical marijuana...

Social Links

FEBRUARY 2019 - Cirex Digital Version

  • Hundreds of property listings, organized for easy browsing.
  • New properties are featured every month.
  • Property/Drive CIREX Members alphabetically listed in our extensive directory.
   ...more

Social Links

‘Nobody Seems To Know’: Landlords Concerned Government Could Miss Next Rent Payment Amid Shutdown

The government shutdown, now the longest in U.S. history, has some office owners worried their federal tenants might not make the next rent payment on time, potentially hurting their bottom line and creating lasting damage to the idea that the government is a stable tenant.

The General Services Administration, which makes the government`s rent payments in arrears after the end of the month, has yet to give landlords a definitive answer on whether they will be able to pay January`s rent amid the government`s funding lapse. The GSA put a message on its website to landlords Jan. 11 seeking to address concerns it has heard...

   ...more

RSK: Seems to me they will need to pay by contractual law but I am not a Lawyer. I know some of you are big in leasing to the Feds. Can you give us any insight into this?...

Ken Notes: I would consider adding a late payment penalty clause into my federal leases with "for any reason" language...

Social Links

10 Commercial Real Estate Systems That Can Help Your Business
In recent years, new and evolving technologies have impacted the way nearly every industry operates. This is especially true of real estate, where tech has revolutionized everything from property listing databases to signing contracts.

The members of Forbes Real Estate Council have seen a lot of disruptive commercial real estate solutions emerge during their careers, and many of them have leveraged these new products and methods to improve their business. Below, members discuss some of the technologies that have helped them get ahead.
  1. STDB.com
  2. Investor Portals
  3. AI-Powered Commercial Listing Services
  4. Podio
  5. Google
  6. Cloud Computing
  7. Virtual Property Tours
  8. Programmable Spaces And Space Optimization Tools
   ...more

RSK: Some interesting sites here....worth checking out.

Ken Notes: They forgot one. An outlet to stay in front of your client or investor each week. We can help with that!

Social Links

ARTIS REIT / Madison Lifestyle Office Portfolio


   ...more
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.

Social Links

Opinion: Landlord-tenant relationships are changing, thanks to cryptocurrencies, Airbnb, and more

The real-estate market still only has enough supply for half the population. We’re still seeing high divorce rates, so people need more places to live. And households are still being created faster than the housing supply. All that combined means higher rents and that trend looks likely to continue for a long time.

In fact, according to the Mortgage Bankers Association, rising rates on 30-year mortgages — now firmly above 5% and on track to reach 5.8% by the end of the year — will help to drive rents higher in the coming year as more people get priced out of home buying by these higher interest rates. According to an analysis by Zillow, rent growth will pick up in 2019 as the Federal Reserve continues to raise rates...

   ...more

RSK: Could be a great time but the risks are still there.

Social Links

Treasury, IRS Give Big Win to Real Estate Professionals in Qualified Business Income Rule

WASHINGTON (January 22, 2019) – Late last week, the Treasury Department and the Internal Revenue Service issued final regulations regarding the new 20 percent deduction on qualified business income. As Americans begin preparations for the 2018 tax filing season, real estate professionals have been uncertain about the true impact of the 2017 Tax Cuts and Jobs Act on their respective businesses. Friday’s ruling from Treasury and the IRS, however, signaled a significant victory for the real estate industry and for many of the National Association of Realtors®’ 1.3 million members.

“Friday’s ruling is a result of several months of advocacy and collaboration between NAR, our members, and the administration,”...   ...more

RSK: Timely for this year`s income taxes and for next years planning.

Social Links

Want To Know What Takes To Do Over 200+ #CRE Transactions A Year? Let’s Ask A Pro Who Does!

As I am out and about on the #CRE planet I get to meet some fascinating people.  A few weeks back I was invited to have lunch with Kase Abusharkh, and we struck up a conversation about all things #CRE. I suggested we do some Q&A together and what follows is just a small sample of that conversation.

1. Let’s start with you and your companies background...

   ...more

RSK: Hard work and tech...good read good work ethic right sector of real estate as well.

Social Links

Building For Lease: 2424 Rimrock Rd Madison WI

Class A office space available for lease with a prime central location on Rimrock Rd, just minutes away from the Beltline Highway, downtown Madison, and the Interstate System. This exceptional office building offers modern architecture with an abundance of natural light and ample surface parking. Available suites provide a mix of open office space, private offices, break and conference rooms...

   ...more

Social Links

From dead mall to Amazon warehouse: Here’s how shuttered retail stores are getting a new life
Key Points
  • CBRE finds two dozen examples of properties across the country that were once home to retailers but now have turned — or are in the process of being turned — into industrial centers.

  • The trend is expected to gain in popularity as more stores and malls go dark, while retailers and third-party logistics providers alike are on the hunt for real estate for warehouses.

  • Some projects may by met with resistance, though.

An old Toys R Us store in Milwaukee is now home to Engine & Transmission Exchange, a remanufacturer for car parts.

Meanwhile, six dead malls across the U.S. are either in the process of being turned into or have been revamped as massive manufacturing plants and logistics hubs...
   ...more

RSK: Now this is what I am talking about. Amazon then may have a brick n mortar presence and heck the option of same day pick up or delivery.

Ken Notes: I think Amazon will eventually buy another retail presence to use for distribution... Lowes???

Social Links

Building For Lease: Cayuga Court - 1903 Cayuga St Middleton WI

Retail space now available at Cayuga Court! Major Tenants: Meriter Health, Hallman/Lindsay Paints, First Choice Dental, Takara 88, Barriques, Diny’s Jewelers, K-Peppers, Compadres Mexican Restaurant, Edward Jones, Walker & Dunlop, Shulfer Architects and Little Gym...

   ...more

Social Links

Wisconsin Commercial Real Estate

   ...more
Our focus is your focus, our goals are your goals.

Social Links

Are new brick and mortar solutions the key to digital brand growth?

A few more communal retail spots have arrived in recent months to join a growing crop of places offering turnkey solutions to support digital natives’ journey to physical retail.

In December, a four-story brick and mortar retail concept called SHOWFIELDS, “bringing digitally native brands to life with customized flagship spaces” opened in lower Manhattan.

So far, only the first floor has opened with a focus on wellness brands. Most of the 11 tenants offer testing and trial in Instagramable settings...

   ...more

RSK: Not quite the answer but getting warmer.

Social Links

The Four-Letter Word All Property Managers Need To Know

Most people wouldn’t think of “getting to mow the lawn” as a perk. But back in my renter days, I actually saw lawn care as something special. So when I moved into a three-story walk-up managed by someone who actually allowed me to do a little landscaping, I was thrilled. Ms. Wong was a bit of a character, but she let me cut the grass the way I liked and paint my kitchen cabinets a dark blue. My apartment felt like a home, not just a unit, and I wound up staying there for years...

   ...more

RSK: This not only the case in residential but also commercial tenants as well. The more they have the opportunity to make it feel a bit like their own place, the better tenant and better project it will be.

Ken Notes: A bit of a catch 22, they want to feel they can update but many also like the freedom to not worry about it. A services available menu is an option. We`ll do this you do that, in some areas out west landlords will even care for your pets. of course at 5K / Month for 700 sq ft I`d watch your children....

Social Links

Building For Lease: Nelson Road Business Center - 4001 Felland Rd Suites 112-113 Madison WI

3600 square foot office, end cap, 10 private offices which 7 offices are on windows plus open area for cubes. Street signage available.

   ...more

Social Links

Investor guide to opportunity zones

A RealCrowd audiocast

AUDIOCAST  | 

Listen to the audiocast

The 2017 Tax Cuts and Jobs Act created a new investment vehicle intended to stimulate economic growth in distressed communities. Qualified opportunity zones (QOZs) are pre-selected areas around the United States where investors can hold capital gains for preferential tax treatment while struggling communities can benefit from an influx of development and funding.

   ...more

RSK: ANother version of Opportunity Zones worth the listen.

Social Links

Thriving ‘Self-Care’ Sector Fuels Demand for Strip Center Space

Millennials are driving fitness, beauty and wellness concepts, many of which operate on membership models and drive regular shopper traffic.

Neighborhood strip centers are getting a big boost from the booming “self-care” sector, which focuses on wellness, health, fitness and beauty.

Globally, the self-care sector is a whopping $4.7 trillion business, reports the Global Wellness Institute.  The term “self-care” is about people investing more in their health, says Sara Martin, vice president of retail brokerage at Welsh Cos./Colliers International | Minneapolis-St. Paul. That could be physically, mentally, spiritually or socially.

“Self-care has recently emerged in popular culture... and the idea has caught on like wildfire in social media and in the self-help categories,” according to a new report from Colliers International | Minneapolis-St. Paul....



   ...more

RSK: It used to be a coffee shop and a sub shop...now just about every strip center has a yoga, gym or fitness store...I guess convenience is the major factor. For the landlord, I have to agree that a 10 yr lease will get a better build-out than a 5 yr one.

Social Links

Struggling malls will have a hard time adjusting to more Sears vacancies

The department store sector shrank by about 13% in 2018 and is poised to shrink further

Sears Holdings Corp.’s plan to shutter more stores will hurt struggling lower-tier regional malls most, according to the latest Moody’s report.

Sears SHLDQ, -1.63%   said it would close more than 260 stores when it filed for bankruptcy in October, leaving it with about 400 stores if the company moves forward with the latest bid from Chairman Eddie Lampert’s hedge fund ESL Investments...

   ...more

RSK: The good, the bad and the ugly of the Sears demise!

Ken Notes: And the BEST dead Sears photo yet!!!

Social Links

Building For Sale: 4800 American Pky Madison WI

4800 American Parkway is a class A office building available for sale in the American Center Business Park. Formerly the corporate headquarters of Summit Credit Union, this property is ideally suited for an owner occupant or investor...

   ...more

Social Links

High Point Office Park


   ...more
Affordable. Versatile. Excellent visibility. A unique gem tucked alongside Madison’s West Beltline Highway 12/14...

Social Links

Over 30 Percent of All U.S. Office Space Will be Flexible by 2030
Top 10 U.S. Office Flex Markets in 2019 Revealed

According to JLL`s latest research, Flexing Their Muscles: Markets to Watch in 2019, the U.S. office market is poised to take on significantly more office flex space in the coming year.

"The world`s top companies recognize there is no one-size-fits-all flexible approach, just like there`s no one type of worker," said Doug Sharp, President, JLL Corporate Solutions, Americas. "Flexible space options allow workers and teams to select the right space to perform work each day in a location that will help realize their company`s mission and their own ambitions. This is one of the reasons we see so much runway for flex space in U.S. office markets - it addresses several core needs for employers and employees alike."...   ...more

RSK: I do not think Madison is anywhere near that number. more like 7% to 10%, but it is growing.

Ken Notes: I have seen some We Work spaces and Madison still does not have this type of product yet. We could use some in downtown for lobbyists, lawyers from other cities, and some non-profits.

Social Links

Developers Bet Mixed-Use Sports Venues Will Create Double-Play Potential

If you build it, will they come?

How big a New York Red Bulls fan is Harrison, N.J. resident Ryan Meizinger? He and his brother took an apartment at luxury rental building Steel Works that’s a five-minute walk away from Red Bull Arena.

Of course, he wouldn’t have been able to do so if stadiums weren’t spawning a lot of ancillary real estate around them...

   ...more

RSK: Well if Green Bay & Lambeau Field isn`t a prime example of this I do not know what is.

Social Links

Southern Wisconsin Leads Chicago Region’s Industrial Market

The Chicago area’s speculative industrial development boom keeps surging. Developers have 19.5M SF under construction, according to new research from Avison Young.

That is a 59% year-over-year increase, and shows just how bullish many developers are on the Chicago region. The robust demand is also beginning to push developers to take risks in new submarkets.

“Many submarkets that are closer to the city have little to no space available for new buildings, so we’re continuing to see speculative development moving to outlying submarkets such as Southern Wisconsin,” Avison Young principal Chris Lydon said...

   ...more

RSK: Wonder how the change in plans for Foxconn will affect this.

Ken Notes: I know the ED guys from the region and they have this down to a science...

Social Links

More than 1,500 stores are expected to close this year — here`s the full list
  • The record-high rate of store closures over the last couple years is expected to continue in 2019, according to CoStar Group.

  • Sears, Gymboree, and Charlotte Russe are among the many retailers that will shutter hundreds of stores in 2019.

  • Macy`s, JCPenney, Kohl`s, and Nordstrom are closing more than a dozen stores collectively.

The staggering rate of store closures that has rocked the retail industry over the last couple years is expected to continue in 2019, with roughly the same level of closures expected this year...

   ...more

RSK: Stay tuned. I am sure we will be updating this list as the year progresses...

Social Links

Building For Sale: 3510 E Washington Ave Madison WI

This well maintained office property offers a great opportunity for an owner occupant desiring visibility along busy East Washington Avenue. Private parking behind the building and an additional 2,250sf of basement space make this building a unique find in such a prime location.

   ...more

Social Links

Retailer Payless ShoeSource set to shutter its U.S. stores: sources

 U.S. discount retailer Payless ShoeSource Inc plans to close all of its approximately 2,300 stores when it files for bankruptcy later this month for the second time in as many years, people familiar with the matter said on Thursday.

   ...more

RSK: Well I spoke too soon...here is an update to the list.

Social Links

Building For Lease: Nelson Road Business Center - 4001 Felland Rd Suites 107-109 Madison W

3300 square feet of office with 560 square foot training room, street signage.

   ...more

Social Links

Reinhart Boerner Van Deuren s.c.

   ...more

With the largest Real Estate Practice of any law firm in Wisconsin, Reinhart offers clients custom-tailored real estate insight.

Social Links

Working in Offices, Lobbies, Airports, Restaurants and Malls – Space Densification Takes Hold!

People often wonder when the concept of shared space really began. For me, it began in 1987 when our director of sales told our salespeople they were closing all branch offices and sending us home with a personal computer, 2,400 baud modem and a link to corporate – where our assistant would be shared among four of us. To say we were outraged would be an understatement. We lost our office, personal assistant and of course, our three-hour commute.

During this period, we also saw major corporations such as IBM and Deloitte trying to figure out what this new form of mobility – enabled by personal computers and laptops – meant to their workplace strategies. They began to experiment in major office complexes in cities such as Los Angeles. IBM sent many people home from their office on Hope Street and Deloitte introduced the concept of a shared desk in their South Bay office. In 1989, Regus was founded, and a new era of mobile employees began to reshape how and where we worked....

   ...more

RSK: We live in an open office shared world.

Social Links

Transit May Be The Least Important Piece Of Transit-Oriented Development

The idea is simple enough: build public transit from downtown to an underused part of a city, and developers and commuters should flock around the stations. A quick commute by train, light rail or bus should mean new homes, businesses and jobs. However, public transit may not be the most important factor to making a successful transit-oriented development...


   ...more

RSK: True, if transit does not have the right destinations and routes. You have to make it easy for people...

Social Links

2018 Event Calendar

February 2019 Happy Hour

February 19 @ 4:30 pm - 6:30 pm
BIRCH, 6610 West North Avenue
Wauwatosa, WI 53213
+ Google Map

Join us for networking, drinks and appetizers in Wauwatosa! Prospective members, please email layla@carw.com for event registration...


   ...more

RSK: A list of CARW Events and CE.

Social Links

Building For Sale: 3162 County Road B WI

This location along with a wonderfully designed building will give the next occupant a signature presence. Step through the door and you`ll be amazed at the amount of natural light and comfortable feeling this design will provide for your employees, clients or customers. Quality through and through, could easily be divided. Former bank building.

   ...more

Social Links

WeWork is moving onto Starbucks’ turf with new coffee shops with workspaces

WeWork Cos., the fast-growing provider of flexible offices, is to launch a new kind of casual work space that will function as its own branded coffee shop.

The company’s Made by We retail offering is opening its first location at 902 Broadway in New York’s Flatiron neighborhood, according to a statement....

   ...more

RSK: You think someone is setting themselves up for a big collapse?

Ken Notes: See what I mean? WeWork is creating unique spaces for a professional market. I would love to take a bus down to Chicago to visit a couple of WeWork spaces...

Social Links

Retail Space Paoli, WI
Ideal retail space will be available in June 2019, in the charming and popular destination village of Paoli, WI, just minutes from Madison. A retail art gallery has operated very successfully in the space for 31 years.

The space is located in the historic creamery overlooking the scenic Sugar River. It features high ceilings, large glass block windows, ceramic block walls, wheelchair accessibility and off-street parking.

Other businesses in town include an upscale restaurant, several other eating establishments, art and craft galleries, a beer garden, an artisan cheese store and other specialty shops. A well-established merchant organization plans several town-wide events each year, attracting sizable crowds and offering live music, refreshments, art openings and other special activities. Paoli is also a popular area for cyclers, fishing and boating.

The total rental space available is 5170 square feet, including retail/commercial space, bathroom, and storage. There is an option to split the space into two sections (820 square feet and 4350 square feet). Rental rates from $5.38 to $6.22 per square foot. Tenants pay utilities.

If you have anyone interested please call or text Ralph Kamps at 608-345-2880 for more info...

   ...more


Ken Notes: This is perfect as a destination retail outlet for arts, brewery, winery, crafts, a bike shop or more.

Social Links

A Home Depot exec explains the key reason why pushing for `the store of the future` could backfire
NEW YORK CITY — Quick, picture the store of the future. What do you see?

Holographs, AI booths, and touch screens? Omnichannel spaces that maximize both the shopping experience and digital-order fulfillment? Flying, robotic salespeople?

Well, Albert Vita, Home Depot`s in-store experience and visual merchandising director, thinks we should all take a deep breath.

  • Don`t get carried away imagining the high-tech, consumer-centric innovation that stores of the future will bring.

  • That`s the message that Home Depot`s in-store experience and visual-merchandising director, Albert Vita, had for the audience at the National Retail Federation`s 2019 Big Show last week.

  • The Home Depot exec said that it`s more productive to have a holistic view of the business.
   ...more

RSK: I think Vita has hit this subject on the nose. Things run their course and the minute you set something up it starts becoming obsolete. Adaptability is a key factor rather than rushing in. Thinking this might be WeWork`s future problem.

Ken Notes: Of course HD and Menards are in the group of retailers least affected by online retail. When Amazon figures out how to sell and deliver Washer and Dryers it will be a different story. I love this analogy because Sears was the very first to figure this out, then they forgot what their advantage was...

Social Links

30 vintage photos of postal workers from back in the day

In 1775, Benjamin Franklin was appointed the first Postmaster General.

Since then, postal workers have been delivering mail on bikes, scooters, motorcycles, cars, wheelbarrows, sleds, and other modes of transportation. Their uniforms have also evolved from full suits with top hats to casual polo shirts and shorts.

Here are 30 vintage photos of postal workers on the job...

   ...more

RSK: Just had to throw this in since there was no mail last week for 2 days. The first Segways?

Social Links

Flooding Is Turning Elevators Into Lethal Traps With Little Oversight

As Hurricane Harvey bore down on Texas in 2017, Jill Renick spent her last moments alive at the Omni Houston Hotel, where she worked as the spa director. 

At 5:40 a.m. Central time on Aug. 27, 2017, Renick called the front desk, telling colleagues she was stuck in the elevator in the basement, with water rushing in. A surveillance video showed she freed herself from the elevator, but by that point waters in the basement were waist deep. Shortly after, the power went out. Flood waters continued to rise. Her body was found 11 days later in the ceiling tiles....

   ...more

RSK: Looks like elevators and being a construction worker do not mix well.

Social Links

Knight Barry Title Group

                       608-255-2700  www.KnightBarry.com
   ...more
With over 350 experienced real estate professionals, Knight Barry provides exceptional support and service. Visit our website for more information about our 50+ commercial and residential offices throughout Wisconsin, Michigan, and Minnesota.

MADISON: 2450 Rimrock Road, Suite 204, 608-255-2700
CAP SQUARE: 44 E. Mifflin Street, Suite 101, 608-255-2700

Social Links

EXCLUSIVE: Coworking Company Cross Campus Continues Expansion After Acquiring DeskHub

Aiming to be a serious player in the growing flexible office industry, a Southern California-based coworking company has its sights set on rivaling WeWork and Regus.

As part of a broader strategy to expand its presence in the Western region, Santa Monica-based Cross Campus, a Lowe-backed boutique flexible office and coworking company, has acquired coworking firm DeskHub...

   ...more

RSK: I am wondering what differentiates them from other CO Working companies. As he said this market is maturing and there is more and more competition. Maybe our Regus people can chime in on this?

Ken Notes: I know one advantage that Regus offers and that is the staffing they have. When my wife saw clients there (she is a therapist) she appreciated the fact the her client saw a human when they walked in the door. If I were doing Co-working I would partner with a temp service, a University, or the above mentioned retail to have a presence at the gate. Think how happy you are when you hear a voice on the other end of a phone call....

Social Links

Inside WeWork`s First Location On A College Campus
The Old Line State`s flagship university is now home to its first WeWork location, as the coworking giant tests out a campus concept it hopes to bring to more colleges around the country.

WeWork celebrated the grand opening Thursday evening of its University of Maryland location, an 18K SF coworking space on the edge of the College Park campus. For its first location on a college campus, WeWork differentiated the space in several ways from its typical offering, and it is already filling up quickly.....

   ...more

RSK: Well now we know some of the reasons behind WeWorks success....alcohol and Friday Happy Hour mixers. Will this work at UW Madison? With no alcohol, it is a 50/50 chance.

Ken Notes: it is not about beer it is about ancillary services. I am begging the UW and University Research Park to create co-working space with access to student labor, research and mentoring, and wet lab space...

Social Links

And so it begins: Moody’s launches CRE portal to challenge CoStar’s dominance
REIS Network will provide data services and tools from firms including CompStak and Rockport VAL.

Moody’s Analytics has launched its long-planned commercial real estate data portal, highlighting the company’s push into a space largely dominated by the CoStar Group.

The financial services giant, which is valued at $31 billion, has over the past year acquired, invested and partnered with data companies to provide a centralized portal of commercial real estate transaction tools. The Real Deal last month reported the company’s plans to build the portal, which would provide access to data from firms including Compstak and Rockport VAL...

   ...more

RSK: Well, this will be an interesting battle. Wonder which format will win out.

Social Links

How the way we dress for work has changed over the last 100 years
  • Fashion in the workplace has changed drastically throughout the last century.

  • In the early 1900s, both men and women were dressed to the nines — but just 50 years later, casual work looks began to emerge.

  • Pantsuits dominated women`s fashion in the 1970s, and men in the `90s began to rock the " business casual" look.

  • Nowadays, many people can choose to dress up or dress down for work.

It`s the age-old question: What should I wear to work today? And it has been at the forefront of peoples` minds for decades.

Workplace fashion has undergone quite an evolution throughout the past 100 years, starting with dressy looks and succumbing to subtle casualness by the time the 1950s hit. Women began to rock pants — and pantsuits — at work in the 1970s, and men started the "business casual" trend in the `90s.

   ...more

RSK: Ha, I am all over the place but guess I am stuck in the early 2000`s.

Social Links

FoodFight Restaurant Group - WELCOME

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

Social Links

As Apartments Continue To Shrink, Developers Redefine Micro-Living

If the average U.S. apartment did the Facebook 10-year challenge, it would reveal itself to be 52 SF skinnier.

Renters all over the country are choosing smaller units with bigger rents, all in the name of proximity to bars, restaurants and cafés, according to a recent study by RentCafé using data by Yardi Matrix. The average size of an apartment built in 2018 in the U.S. was 941 SF — 5% smaller than an average apartment built a decade prior...

1. Focus on versatile furnishings
2. Get rid of the kitchen sink — and the kitchen
3. Create space for work, study and exercise
4. Lend out the (not-so-small) stuff
   ...more

RSK: Haha. Wouldn`t you know it? All regions shrunk the size of their apartments from 2008 compared to 2018...except the midwest which became larger. Is it because we are getting larger ourselves or because we share space?

Social Links

In A Crowding Market, Food Hall Operators Search For Ways To Stand Out

Food halls have been considered a savvy answer to the shifting retail environment and consumer demands for some time. But as more and more open up in New York City, the pressure is on for landlords and vendors to develop their concepts in creative ways to stay competitive....

   ...more

RSK: Madison does not really have an upscale Food Hall...we have food courts at East and West Towne Malls but not a Food Hall. Hilldale has surrounded itself with detached food establishments but one must jaunt outside and they are destinations in their own right.
Ken Notes: Milwaukee has several I love The Restaurants at Eleven25 and of course the Milwaukee Public Market!

Social Links

Amazon might pull out of LIC campus amid opposition: report

Tech giant reportedly exploring alternatives, as it has yet to lease or purchase space in the Queens neighborhood

Amazon is considering pulling out of a deal for a new campus in Long Island City, which is set to bring 25,000 jobs to New York and put the area’s real estate market into overdrive, but was heavily criticized as a giveaway to the tech giant because of its billions in tax breaks.

Since Amazon is yet to lease or purchase office space for the project, it would be able to withdraw, the Washington Post reported, citing two sources familiar with the company’s thinking....


   ...more

RSK: All the drama and politics with Bezos and Cortez....you can`t write a script this good....Gotham?

Social Links

Building For Sale: 5262 Verona Rd Fitchburg W

Retail with showroom - along busy Verona Road. Zoned Business highway, 35 to 40 parking stalls on 1.105 acres. Contact Konrad Opitz for details or to schedule a tour.

   ...more

Social Links

How Mobility Shifts Shape CRE

Cushman & Wakefield offers a deep dive into the impact of ridesharing, electric vehicles and self-driving cars on the real estate sector.

From ancient times, transportation has shaped urban areas. One of the common locations for a city is where a river meets the ocean or the most-inland navigable point on a major river. Or think of the car-centric suburbs that flourished after World War II.

The next revolution along these lines is already underway, according to Cushman & Wakefield, which just released Mobility Shifts in Commercial Real Estate: Implications of Ridesharing, Autonomous Vehicles, Micro-Mobility and Electric Vehicles, the third part of its Tech Disruptor reports series...

   ...more

RSK: Again, I loved this course at the UW in my Urbanism & Urbanization courses. (Pre RE School)The last paragraph makes so much sense. One of my pet peeves is the fact that so many people do not know how to park..taking up two spaces or leaving one so small that you wouldn`t be able to exit your vehicle.

Social Links

The Future of Real Estate Investment: Opportunity Zones

According to the 2017 Distressed Communities Index by the Economic Innovation Group, one in six Americans, approximately 17 percent of the population, live in economically-distressed communities, and the average state has 15.2 percent of its population living in these struggling areas.

The new Opportunity Zone (OZ) tax incentive was created as part of the 2017 Tax Cuts and Jobs Act to encourage investment in low- to moderate-income communities across the country through tax benefits, such as deferring tax on capital gains by making an investment in any of the designated zones. So far, 8,761 communities covering all 50 states, including the five U.S. territories, have been designated as opportunity zones, and they will keep this status for 10 years....

   ...more

RSK: Read the section under RISKS. What I see in opportunity zones is the ability to gnaw away at some blighted areas from the outside perimeters and hopefully, eventually, engulfing it.

Social Links

Business for Sale: All-American Liquor 2543 Main St Cross Plains WI

Profitable liquor store business for sale with real estate included. Income/Expense info available after signing confidentiality agreement. Co-listed with Tyson Hall of Master-Hall Appraisal. Contact Konrad Opitz/Opitz Realty or Tyson Hall.


   ...more

Social Links

Crown Commercial Real Estate/Development, LLC
Sponsor

Offering real estate services and design-build construction solutions for growth oriented clients...   ...more

Social Links

Single-Family Rental Investors Make Bigger Bets on Build-to-Rent Homes
As competition for existing SFR assets intensifies, investors increasingly look at development.

Capital pouring into the growing single-family rental (SFR) housing market is bumping up against a tough competitor—the consumer. Heightened competition amid a tight supply of housing inventory in many markets is pushing investors to shift strategies to focus on new development.

“What you’re seeing now is the maturation and scale in the sector, where it is really being viewed as a distinct asset class within the real estate sphere, similar to multifamily or data centers,” says Gary Beasley, CEO and co-founder of Roofstock, a marketplace for single-family investment properties...

   ...more

RSK: Like this idea especially if investors can buy 20 to 30 in a single development then the logistics of managing them makes more sense.

Ken Notes: This would be perfect for an area like Verona, but you would still have to find builders who would build smaller units.

Social Links

Building For Lease:Nelson Road Business Center 4009 Felland Rd

12977 square feet with large open office area. End Cap, a lot of parking.

   ...more

Social Links

WeWork just made its first acquisition of 2019, snapping up a visitor identity and behavior company
Just six months after spending $100 million in cash on Teem, a Salt Lake City-based office management startup, the company has acquired Euclid, a data platform that tracks the identity and behavior of people in the physical world.

WeWork isn’t saying what it’s paying for the nine-year-old, Bay Area-based company, which raised $43.6 million over the years and whose brand will be put to rest. But the deal is clearly an effort to move WeWork further away from merely selling memberships to its co-working spaces — a risky business model in a sour economy — and instead also become a software-as-a-service provider.

   ...more

RSK: Looks like WeWork has lost its original perspective or is it just me.

Social Links

Building For Lease: 6410 Enterprise Ln Madison WI

Great first floor space that includes 8 offices, a conference room and a storage room. Lots of windows.

   ...more

Social Links

Recent sponsors below...
Thanks you for sponsoring CIREX and Cirexnews.com
   ...more

Social Links

The Gialamas Company, Inc.

   ...more

The Gialamas Company`s premier development. The park has over 57 buildings containing 200+ companies, occupying over 3.0 million square feet.

Social Links

MIG Commercial Real Estate

   ...more
"The attention to detail, preventative maintenance, and proactive communication exhibited by MIG makes them a true business partner."

Social Links

Mid-America Real Estate Group
   ...more
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.

Social Links

Evans Properties, LLC.

   ...more
Professional Real Estate Management and Sales

Social Links

Newmark Grubb Gialamas

   ...more
Newmark Grubb Gialamas specializes in investment sales, office, retail, industrial, land, multi-family properties and 1031 exchanges. Our knowledgeable, local brokers are subject experts in their field.

Social Links

T. Wall Enterprises





Expect Professional Management with a Personal Touch
with every T. Wall Urban Village.

(608) 575-1018 or Contact@TWallEnterprises.com

   ...more

Social Links

Madison Commercial


For lease on Medical Circle - Up to 4,902 SF Available
  •     Currently being remodeled with new elevator
  •     Open floor plans
  •     Under new ownership
  •     Beltline visibility & monument signage
  •     Plenty of parking

call Mike Herl

   ...more

Social Links

Masters-hall Appraisal

   ...more

Social Links

Ruedebusch Development & Construction

Ruedebusch Development & Construction, Inc. is a highly qualified, vertically integrated full service commercial construction, and real estate development company located in Madison, Wisconsin which offers:

  • Commercial Real Estate Development
  • Design Build Construction
  • Commercial Real Estate Brokerage
  • Economic Development, Commercial Real Estate, and Facility Consulting
   ...more

Social Links
Start Week: 4 - Query String:SELECT * FROM cirex WHERE `issue` > 4 and volume = 7 OR `issue` > 90 ORDER BY sortorder