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To contact Ralph Kamps Please Email:  CirexNews [at] gmail.com

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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...

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Sarah retires...
After 22 years of dedicated work, Sarah Hole, former facilities manager for Common Wealth of Madison Enterprise Center and Main Street Industries, retired on July 31, 2017. Many of you worked with Sarah on leasing space as have I. She was fantastic.

Taking over her role will be Rachel Darken, Director of Economic Development, Common Wealth, 608-256-3527 ext 19. Rachel@cwd.org is her email address.

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RSK: I am sure we will have continued success working with Rachel and wish Sarah the best in her future endeavors...

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Correction from last week’s RE Business On Line Article
We heard from Aris Gialamas right after the Cirex News went out.

Correction: In the August 31, 2017 REBusiness Online article, Livesey Company was listed as co-developer of a 150,000 Square Feet office building for NSI, a division of West Bend Insurance, located in Madison, WI. The Gialamas Company, Inc. is the only developer of this addition to Old Sauk Trails Business Park.”

Cirex News did not write or report the article we just aggregated it in our news & views.

Hopefully REBusiness will correct this on their web site.

Again kudos to Gialamas Company.

Join us on September 28th from 3pm - 6pm for an ArtisREIT Open House at 8383 Greenway Boulevard. Food, Drinks, and LOTS of Prizes will be provided. Please RSVP to Brett Riemen at briemen@artisreit.com

More information to come...

Ralph and Ken...
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Neighbors learn more about proposed Hill Farms redevelopment

MADISON, Wis. - Nearly 200 residents packed a west side church Wednesday to learn more about and get feedback on a proposed private redevelopment of the site of the soon-to-be-vacated Hill Farms state office building.

At a neighborhood meeting at Covenant Presbyterian Church on Segoe Road, representatives from Summit Smith Development showcased their plans for the proposed development, called "Madison Yards at Hill Farms."

It would be one of the largest and most expensive developments in city history and include apartments, offices, retail outlets, a hotel, restaurants, parking and an outdoor plaza.

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RSK: Wow! There is a lot going on here and a very ambitious development...I can see where traffic may be a concern.

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Demand for Student Housing Shows Signs of Slowing Down

Student housing properties leased up more slowly this year, thouth they still started the academic year fully-occupied on average, according to several industry sources.

“The student housing market moderated this year,” says Taylor Gunn, student housing analytics lead for data firm Axiometrics, a RealPage company. “This was anticipated to occur at some point after several consecutive years of record performance.”...

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RSK: Our market is experiencing this same trend although we are bit stronger than most...but it will be slowing down considerably.

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CBG events...
CBG Breakfast Meeting & CE-3 Wisconsin New Developments
Date: Wednesday, October 11th, 2017
Time: 7:15 AM

Event Details:
Thanks to our main sponsors: Madison Region Economic Partnership and Artis, for hosting our breakfast meeting and CE-3 Wisconsin New Developments on Wednesday, October 11, 2017 at 525 Junction Road, Madison.
The breakfast meeting schedule is: :

7:15 to 8:00 breakfast and networking
8:00 to 9:00 meeting
9:00 to noon CE-3 Wisconsin New Developments


Contact Wendy with any questions at 772-0060.

Location: 525 Junction Road   ...more

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Madison Multifamily Market Report

Madison Metro Area, Third Quarter 2017

Steady Growth Prompts Building Boom in Madison

Expanding labor force and a local university support household gains. Madison’s rising employment base and the increasing number of people drawn to fill these positions are supporting a surge in housing demand. Local companies such as Epic, a healthcare-related software developer that is one of the largest employers in the region, are adding to the renter base as they expand. This demand has pressured the median home price to surge 7 percent over the past year, outpacing a 2.8 percent increase to the median household income..

Access Full Report    ...more

RSK: I have to agree with their synopsis report but do read the full report. I think they are missing the biotech start-ups that have grown-up such as Exact Sciences etc. Even more pressure on the market.

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PropTech 3.0: The Future of Real Estate

Will we soon be able to buy a house with the click of a button? My report, PropTech 3.0: the future of real estate, published by Saïd Business School, University of Oxford on May 10th, takes an expansive look at property technology (proptech), and its findings detail the dramatic changes facing the real estate industry. The 95 page report uses data from proptech venture capital firm PiLabs and interviews with over 50 real estate professionals.

The beginnings of PropTech...

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RSK: PropTech eh. After going to our Commercial Brokers Golf Outing last week I still believe you can learn about a person and the way they conduct business in a face to face environment.

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Why Millennials Are Moving To The Suburbs And Where They’re Landing

Millennials` affinity for cities seems undeniable, as the increasingly car-less contingent relies on the accessibility and conveniences that urban environments offer. Many millennials value the entertainment, nightlife and energy of major cities, but as they mature, accumulate wealth and contemplate settling down to start families, a growing number are finding the frenetic pace of city life does not suit their aspirational lifestyle. A 2013 Demand Institute Housing and Community Survey found 48% of millennials want to live in the suburbs, while only 38% wanted to be in cities...

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RSK: If millennials change their mind burbs/cities/burbs who really cares. Many generations do that. Once the family is out of the nest they move into urban cores.
Ken Notes: I hope we remember in any "group" there are a variety of buyers looking for different options from urban to suburban.

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Gialamas Co., Livesey Co. to Develop 150,000 SF Office Building for NSI in Madison, Wisconsin
MADISON, WIS. — National Specialty Insurance (NSI) has commissioned The Gialamas Co. and The Livesey Co. to develop a 150,000-square-foot office building in Madison. The building will accommodate NSI’s current space needs of 80,000 square feet, while also providing it with the opportunity to expand to 150,000 square feet. The building will be located in the last large remaining parcel of Old Sauk Trails Office Park. In addition to being a tenant in the building, West Bend Insurance (NSI’s parent company) will also be a 50/50 partner in the building. Iconica will oversee design and construction of the building, which is slated for completion in December 2017. NSI will occupy the property in January 2018. NSI offers insurance products for child care, social services, detective and security programs....   ...more

RSK: I did not know that was the last large parcel in the park.

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ARTIS REIT / Madison Lifestyle Office Portfolio


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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.

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LegalTalks Reasonable Accommodations and Assistance Animals
RSK: In case you were wondering about assistance animals and your responsibility as a landlord. A nice video from WRA on the subject.    ...more

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Building For Sale: Cactus Club 102 E Cook St Portage WI

Be your own boss! Seller has grown this business into a very profitable little gem. Take over the keys to this solid bar and grill with great clientele, super storage, nice coolers and all the fix ins` for your future. Seller will provide profit and loss statement with signed confidential agreement and proof of financing. 24 hour notice for all showings.

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Notes:

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I Have Seen the Future of Real Estate Leasing and its Name is Liquidspace

Maybe two or three people reading this blog will get the reference :) I know my friend Jeremy Neuer will. My buddy Charlie Sciarra will get it, for sure. It`s a classic rock and roll quote of legendary proportions when then music critic Jon Laundau wrote a review after seeing Bruce Springsteen perform a concert early in his career in Boston.

So when I recently got caught up with my friend Mark Gilbreath, CEO/Founder of

Liquidspace, I think I had the same feeling that Landau had. Seriously, unequivocally blown away...

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RSK: Once you get past the Bro love Liquid Space can make sense for the Landlord, Tenant, & Broker.

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5 Mall Redevelopments Adapting To The Changing Retail Climate

Between one-fifth and one-fourth of American shopping malls will close in the next five years, according to Credit Suisse. As more and more mall-based retailers struggle to stay relevant, many developers are thinking outside of big-box retailers to reinvent centers. Here are a few shopping malls that will be completely redeveloped....

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RSK: Ken and I have said this a long time ago...retail is going back to the old catalog days like Sears and Montgomery Wards. Order from the catalog pick up at last mile delivery point...Amazon has taken this lead.

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Retail Real Estate Trends 2017 Download

The relentless rise of online sales and mounting struggles of brick-and-mortar retailers are taking their toll on retail real estate.

The results from NREI’s third retail real estate survey reveal that retail operators, investors and developers show a marked turn compared from the previous two years. Sentiments on the outlook for cap rates, occupancies and retail rents all turned bearish. And respondents see retail as having the dimmest outlook of any of the major property sectors.

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RSK: If you are in retail at all, it will be worth downloading this report.

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Mid-America Real Estate Group
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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.

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Buildings to Generate Their Own Power With Innovative Glass Blocks

Renewable Energy experts from the University of Exeter are developing a pioneering new technique that could accelerate the widespread introduction of net-zero  buildings through the latest Building Integrated Photovoltaics (BIPV).

These products, similar to the solar tile created by Tesla, can become a part of a ‘s architecture to generate electricity. The team have created an innovative glass block, which can be incorporated into the fabric of a building and is designed to collect solar energy and convert it to electricity....

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RSK: My "that is cool" article of the week!

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Struggling Retailers Hope They’re Next To Be Acquired By Amazon

Calls to mergers and acquisitions bankers have seen a significant boost this summer, with retailers requesting that they put out feelers to Amazon in the hopes that they might be the next acquisition for the online retail giant.

The Financial Times reported news that investors, analysts and consulting firms are also engaged in an elaborate guessing game, trying to figure out which companies might be on Amazon’s radar, as Chief Executive Jeff Bezos has shown an interest in brick-and-mortar stores....

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RSK: Instead of waiting to be scooped up by Amazon...why not emulate some of their best business practices and move forward? I think Amazon looks for good companies to acquire that have a good plan and a lot of upside once they decide to purchase them. Just like CRE right?

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Why e-commerce brands are flipping the script and opening brick-and-mortar stores

Walking into Boll & Branch’s new New Jersey-based retail store, you would never guess that the brand’s bedding products were only available online before last week. It looks like a modern store with items on display and friendly customer associates ready to answer questions. And yet you won’t see any customers walking out with packages here. All purchases are mailed directly to the consumer, just like how the store operates online.

Boll & Branch now belongs to a group of e-commerce, direct-t0-consumer brands that have opened their own brick-and-mortar stores in the past year. Allbirds, Away, ModCloth, Glossier and Madison Reed, for instance, have all opened their own physical stores in the past year. And as of last week, Amazon, the world’s largest e-commerce player, now controls 460 Whole Foods locations across the U.S...

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RSK: I have said this all along it will morph. This is good news for those of you who lease retail space and may bring back Malls.

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Target slashes prices on thousands of items, shares falter

(Reuters) - Target Corp (TGT.N) said on Friday that it lowered prices on thousands of items, from cereal to baby formula, further hurting retail stocks already pressured by Kroger Co’s (KR.N) disappointing quarterly results spurred by price cuts.

Target, which vowed earlier in the year to aggressively clamp down on prices to compete with rivals Wal-Mart Stores Inc (WMT.N) and Amazon.com (AMZN.O), said it had spent months reassessing the prices of everyday items such as milk, eggs, razors and bath tissue.

The retailer, which said it would continue to offer discounts on some products in addition to the price-cuts, added that it had also eliminated more than two-thirds of its price and offer call-outs...

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RSK: Looks like Amazon is putting the pressure on quite a few retailers...it has made them change their model.

Ken Notes: Why compete with Amazon, copy models that work like Trader Joe`s or locally Miller`s and Metcalf`s...

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Building For Lease: 834 E Washington Ave Suite 302 Madison WI

Galaxie is a new development in the heart of the activity in the Capital East District. This 1190 SF third floor corner unit has an abundance of natural light, tall ceiling height, operable overhead door style window, onsite parking.

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Evans Properties, LLC.

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Professional Real Estate Management and Sales

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The Suburbs Are Calling And The Talent Is Answering

For years, urban centers have been the go-to markets for companies seeking workspace in walkable areas with live-work-play synergy.

While this model is still highly desired, there has been a notable shift toward suburban office markets, and the talent is shifting with it.....

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RSK: The "live, work, play" is what is driving this. The key is balance.

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“Conference Season” Is Here. How Is It Possible We Have Not Met Yet?

What is the conference season?

It’s the season of conferences obviously. Come on people, keep up!

Maybe it’s because the real football season is starting, there is something about this time of year and continuing right up until the holidays. There is always plenty of stuff going on during the rest of the year, but when fall hits and the air starts to get crisp it seems like there is another level.

I get asked often and I always do appreciate the invitations that I get to attend all types of commercial real estate and tech events..   ...more

RSK: The only Dukester this week. If you see him at one of these conferences say hi for me.

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To Remain The `Cornerstone Of American Retail,` Malls Should Pursue These Tenants

As American malls are forced to adapt in response to changing consumer preferences and the rise of e-commerce, landlords have increasingly turned to healthcare and restaurant tenants to drive traffic.

A new CBRE study found that on average, department stores fill nearly half of malls` gross leasable area with apparel, while accessories typically occupy another 29%. These two categories are experiencing the slowest growth in retail at present, particularly because shoppers can purchase those products online via their computers and smartphones with ease....

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RSK: Used to be a restaurant would buy or lease an out lot on the perimeter of the Mall....now they are locating inside and it probably is a good thing for both.

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Building For Lease: Waunakee Business Center - 204 Moravian Valley Rd Waunakee

Waunakee Business Center consists of four office-warehouse buildings totaling more than 156,000 sq. ft., located 10 minutes north of the City of Madison, in Dane County, WI. The business center is located on Hwy 19 one-mile west of the Hwy 19 & Hwy 113 Intersection, just 10 minutes from Dane County Airport and Middleton, WI.

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Search goes on for Harvey survivors, Trump requests aid

ORANGE, Texas/HOUSTON (Reuters) - Rescuers searched painstakingly through flooded neighborhoods across southeastern Texas on Friday for people stranded by Hurricane Harvey’s deluge as President Donald Trump asked Congress for $7.85 billion in federal disaster relief.

The storm, one of the costliest to hit the United States, has displaced more than 1 million people, with 50 feared dead from flooding that paralyzed Houston, swelled river levels to record highs and knocked out the drinking water supply in Beaumont, Texas, a city of 120,000 people...

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RSK: Light at the end of the tunnel or a rainbow peering out at end of storm.

Ken Notes: They talk about the 150 billion, but consider that much of that is an investment in employment, economic development, and even growth.

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The Gialamas Company, Inc.

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

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RASCW Events

Silent & Live RPAC Auction

September 21 @ 5:00 pm - 8:00 pm

Park Hotel - 22 S. Carroll St.

Doors open at 5:00 p.m.

Silent auction closes and live auction begins at 6:30 p.m. Click on the link below to register and use the password RPAC.

Silent & Live RPAC Auction Registration

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REDUCED - Building For Sale: 1843 Bourbon Rd Cross Plains WI

This has been reduced from $400,000 to $295,000. It is a great building with 8,900 sf. That is $33/sf not including the land. You can`t replace it for $60/sf...


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Drastically reduced well below replacement cost. This multi purpose Newer Morten Bldg. of 8,900 sf has many possible uses. Former Kennel and dog grooming. Office area with reception, break room, 4,500 of heated warehouse with continuous channel drains, climate controlled heating with noise reduction in walls and ceiling. Also for Lease. Can be divided...

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Why WeWork Thinks It`s Worth $20 Billion
In the future, you’re going to love going to the office. Everything you need to do your job effectively will present itself without effort. You won’t have your own desk, because your employer will know you only use it for 63 percent of the day. But you won’t mind sharing it, because said employer will make sure you have a private room with green leafy plants, soundproof walls, and warm light between 2 and 2:20 p.m. so you can call your daughter. At 3:30 p.m., when you need a conference room for the product managers’ meeting, you won’t even have to book it. It’ll just be there. And everyone attending remotely will already be invited....   ...more

RSK: To further explain the thought process and ideology of We Work and similar companies read this...

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Reinhart Boerner Van Deuren s.c.

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

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Big companies are fueling WeWork’s growth

Companies with more than 1,000 employees — like Microsoft and Salesforce — now make up 20 percent of membership and 30 percent of sales.

Enterprise companies — which the co-working company defines as companies with 1,000 or more workers — now make up 20 percent of WeWork’s membership and 30 percent of its monthly revenue, according to data WeWork shared with Recode. WeWork only started its enterprise product in May of 2016 and enterprise rates were negligible before then.

Major enterprise clients include tech companies like Microsoft and Salesforce but also more traditional blue chips like Bank of America and HSBC.

The number of enterprise companies leasing space from WeWork almost doubled, or grew 90 percent in July of this year compared with the same month last year. And the number of seats, or workers enterprise companies had working at WeWork grew nearly five times, or 360 percent, meaning that existing corporate clients are taking more real estate...


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RSK: I was surprised that a partner of mine came in the other day to tell me about similar startups and that he has never heard of this before...he obviously does not read my Cirex News ha.

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Aging Boomers Could Drive Demand For Medical Office Buildings Through 2055

As baby boomers, once America`s largest living generation, continue to age, demand for medical office space is growing with them.

According to the U.S. Census Bureau, the number of Americans 65 years old and up is expected to double to 92 million by 2055. The segment will make up approximately 23% of the country’s population by that time...

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That would be my generation...as we have hips, shoulders and knees replaced...

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There Will Be More Retail Stores Opening Than Closing In 2017

You read the headline right, there are more retail stores opening this year than there are stores closing. You may say, but when I walk down almost any shopping street, I see so many vacancies where there were previously tenants, so... how can there be more openings than closings?

A new report out by IHL Group answers the question. The kind of store that`s opening now is different.  If you look at the chart below, you`ll see that the most significant closings are due primarily to the Radio Shack bankruptcy and the closure of a lot of fashion stores. The fashion-related vacancies you`re seeing are dominating the list of store closures. You could blame technology for that, but that wouldn`t be entirely fair. It`s more fair to say that technology accelerated the decline of retailers who have not been in touch with what their consumers wanted as much as their competitors. Technology helps consumers see more of what`s available and that makes the comparison between brands so much more stark and apparent....

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RSK: The strong will expand and the weak diminish. Well not that simple. Those who get what shoppers want in their experience will get stronger and expand. They want newness as well as cost effectiveness especially in restaurants and food service area...

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Building For Lease: 2141 University Avenue Madison WI

University Heights Location. Rare commercial space now available located 1/2 way between UW Foundation Building and Lombardino`s Restaurant. On-site parking. 1,500 square feet available can be divided. Value based space perfect for growing home based, start up, agency, and designer offices. First time available in 12 years. Broker-Owner.

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High Point Office Park



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

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How WeWork Is Changing What Coworking Means

Coworking has existed in some form for decades, but improvements in remote working technology and a corresponding shift in work culture have caused an explosion over the last decade. Between 2011 and 2017, the number of coworking spaces worldwide has increased by an order of magnitude by one estimate – from 1,130 to 13,800.

WeWork, the undisputed whale in the industry, has set the tone for the way businesses in the sector do business for some time now. The company was valued at $1.5 billion in February 2014 – already a unicorn. From there, it began a meteoric rise, hitting $5 billion by December of the same year and $10 billion by midway through 2015. Just recently, WeWork passed the $20 billion mark, raising $760 million in its Series G round of funding.

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RSK: There will be a similar concept on one of the floors in the New Old National Bank Addition.

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Commercial Real Estate to Soften, but Still on Solid Footing

Commercial real estate price growth in large markets is expected to flatten over the next year, but strong leasing demand and investor appetite in smaller markets should keep the sector on solid ground, according to the latest National Association of REALTORS® (NAR) quarterly commercial real estate forecast.

Backed by the ongoing stretch of outstanding job creation in recent years, national office vacancy rates are forecast by REALTORS® to retreat 1.1 percent to 11.9 percent over the coming year. The vacancy rate for industrial space is expected to decline 1.1 percent to 7.8 percent, and retail availability is to decrease 0.4 percent to 11.4 percent. Even as new apartment completions bring more supply to many markets, the multifamily sector will still likely see a vacancy rate decline from 6.6 percent to 6.1 percent...

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RSK: A bit of good news. Everyone is flaunting the low unemployment rate but many of those people are under employed.

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Building For Lease: 834 E Washington Ave Suite 302 Madison WI

Galaxie is a new development in the heart of the activity in the Capital East District. This 1190 SF third floor corner unit has an abundance of natural light, tall ceiling height, operable overhead door style window, onsite parking.

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2016 / 2017 Event Calendar
SEPTEMBER 2017

September 21 | 8AM-9:30AM
Coffee with CARW Baker Tilly

September 25 | 11:45AM-1:15PM
Lunch and Learn CARW Training Room

OCTOBER 2017
October 3 | 4PM-6PM
Happy Hour The Bavarian Bierhaus

October 19 | All day
CARW Annual Meeting Grain Exchange

October 26 | 5PM-7PM
CARW Sponsor Reception and Thank You TBD

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RSK: A list of CARW Events and CE.

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Instagram and #CRE. What If Anything Have I Been Missing?

If you are of a certain age it’s the only thing you want to look at.

If you are of a certain gender it’s what you use to get most of your product recommendations.

If you are hardcore #CRE you may be like me and have said: “why in the hell would I get on Instagram?”

But as we sit here today Instagram has over 700 million registered users.

Linkedin has 500 million.

Twitter comes in at 328 million....

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RSK: I have to admit I myself am not big on Instagram....but maybe I just might.

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The Modern Workplace: 6 Must-Haves for Today`s Office Tenants
Today’s office tenants have different needs than they did ten years ago. No longer is a workplace simply just where employees come to do their jobs every day. Rather, the workspace has become interwoven with a company’s identity and plays an important role in attracting high-value talent, as well as helping to facilitate the most innovative, productive work.
 
Breaking outside the traditional office mold used to be an approach embraced mainly by technology tenants. But in today’s market, companies of all sizes and industries are realizing the power of the workplace and making moves to modernize. Check out this list of the top features today’s office tenants are implementing.
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Notes:

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What Is The Biggest Threat To The Future Of Commercial Real Estate? No Talent!

NO TALENT! NO TALENT in #CRE!

The biggest crisis! The most profound! The mission critical! Am I overstating or trying to sensationalize what it the most obvious? No, I am not.

It could be said about and could be easily relatable to most any type of industry today. But why #CRE?

The #1 reason for that is technological innovation.

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RSK: No talent in that the new work force has none and dependent on tech or no talent in that we current CRE people have no talent or finally no talent in that it doesn`t take much to do our job? Personally I do not see the influx of new talent in CRE in our market area.

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Building For Lease: Waunakee Business Center - 204 Moravian Valley Rd Waunakee WI

Waunakee Business Center consists of four office-warehouse buildings totaling more than 156,000 sq. ft., located 10 minutes north of the City of Madison, in Dane County, WI. The business center is located on Hwy 19 one-mile west of the Hwy 19 & Hwy 113 Intersection, just 10 minutes from Dane County Airport and Middleton, WI.

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NEW September 2017 - Cirex Digital Version

View Our Digital Version Online Here

Subscribe to Real Estate CIREX Digest

Subscribe to CIREX to receive our monthly Real Estate Digest in PRINT.

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

2017 Property Values and Taxes in Southeast Wisconsin | PPF Annual Review

CARW proudly supported the 2017 Public Policy Forum Research report on the impact of property taxes on our communities and home values.  Not only that, through our State association we advocate for levy limits and low property taxes.   The report measures trends in property values and examines how they impact the capacity of local governments and school districts to raise…

Click HERE to review the complete report...

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Do You Have Blockchain Overload? It’s Just Beginning, Are You Sure You Understand Why?

In my opinion, we are still at the very beginning of the “crypto/blockchain” era for commercial real estate. The far reaching implications of what that is and will be cannot be overstated. What I have tried to do in the last few weeks is give you a deeper understanding of some of the elements at work today and how they relate to the commercial real estate business.

To say that there is so much more to come is just stating the obvious. And with the small chance (how dare) you missed any of the articles I decided to do a summary. Hopefully, this will keep your thinking. You are ahead of 99% of most all commercial real estate by just knowing what Blockchain is. Think that number should be much smaller? It’s not. So…

How Will The “Blockchain Network” Compare?...

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RSK: The more I read about Blockchain in CRE the more esoteric it becomes. Someday someone will come out with a model that is easy to understand....and I am thinking the Dukester will be the one.

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Knight Barry Title Group

                       608-255-2700  www.KnightBarry.com
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With over 200 experienced real estate professionals, Knight Barry provides exceptional support and service. Visit us online for more information about our 40+ commercial and residential offices throughout Wisconsin and Michigan.

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Office Market Summer 2017 Trends & Top Buy/Sell Markets

The Ten-X Research Office Market Outlook shows that progress in the U.S. office market continues to be agonizingly slow, which is largely the result of a conflation between markets that have had strong economies this cycle versus those that have lagged.

  • The New York City, Seattle, and Bay Area office markets have enjoyed strong economies and absorption this cycle, but the considerable development they now face in the coming years is dampening their outlook.
  • Weaker economies, mostly in the Midwest, face far less development; however, their poor absorption is also translating to weak fundamentals....
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RSK: The trends here in Madison are fairly steady with a few new projects coming on line and the demand is just about keeping up with the product.

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Building For Lease: Pyramid Square 6402 Odana Rd 725 Heartland Trl Madison WI

993 SF suite on first floor has 3-4 offices and reception. The building has atrium lobby, lots of glass, modern architecture. Very unique office environment for $13 - $14/SF - gross.

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Building For Lease: Restaurant Building for Lease - 5696 Monona Drive Madison WI

Free standing Restaurant building with ample parking located on Monona Drive, in the City of Madison..

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Crown Commercial Real Estate/Development, LLC

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

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Best Buy rolling out same-day delivery to more markets, including Twin Cities
Metro area is among 14 added to same-day delivery expa

Best Buy is stepping on the gas with same-day delivery.

After rolling out the service to 13 markets last year, the Richfield-based electronics chain is now expanding it to 14 more metro areas next week, including the Twin Cities, with plans to have it up and running in at least 40 cities by the holidays.

Best Buy also is drastically cutting its fee for the service from $14.99 to $5.99. And Best Buy has added more products to the list of thousands of eligible items, from phone chargers to tablets and headphones...

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RSK: Last mile almost conquered....we will see this is the Madison area soon.

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Building For Lease: 8500 Greenway Blvd Middleton W

Beautiful 1st floor suite immediately off the lobby! 3 private offices with windows, large conference room, work room and reception area. Move-in ready! Building boasts a shared break area and shower facilities. Located a short walk from Greenway Station and all the incredible amenities that it provides.

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Building For Sale: Ella`s Deli and Ice Cream Parlor

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...


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Amazon Cuts Whole Foods Prices as Much as 43% on First Day
  • Internet giant bought upscale grocery chain for $13.7 billion
  • Some prices unchanged but favorites like avocados are cheaper

Amazon.com Inc. spent its first day as the owner of a brick-and-mortar grocery chain cutting prices at Whole Foods Market as much as 43 percent.

In a sign of how the retailer is changing, the Amazon Echo, a voice-activated electronic assistant, was also for sale, for $99.99 -- a sharp pivot into electronics for a company known for kale and quinoa. The Echo Dot, a smaller version, was advertised for $44.99...

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RSK: This is refreshing and I am sure many of you and I know my daughter will be pleased by these price cuts...

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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!
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Podcast #149 Allen Buchanan Lee & Associates.

Do you want to find out how to do real world hyperlocal?

What is content creation like for a broker today?

Are you neglecting your “brand?”

How do you engage with possible clients online?

Is it just about online activities? Of course not, are you sure, maybe it is now.

Can you say you are giving back to the business of commercial real estate?

How serious are you about your tech stack?

All this and so much more.

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RSK: The Double Dukster of the week...besides I like Allen and these two together.

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The Equifax Data Breach: What to Do

If you have a credit report, there’s a good chance that you’re one of the 143 million American consumers whose sensitive personal information was exposed in a data breach at Equifax, one of the nation’s three major credit reporting agencies.

Here are the facts, according to Equifax. The breach lasted from mid-May through July. The hackers accessed people’s names, Social Security numbers, birth dates, addresses and, in some instances, driver’s license numbers. They also stole credit card numbers for about 209,000 people and dispute documents with personal identifying information for about 182,000 people. And they grabbed personal information of people in the UK and Canada too...

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RSK: This is for businesses as well as individuals. Be wary peoples. Heed this advice...largest data breach ever. Probably the Russians again.

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The Sky Isn’t Falling, But Here’s How Automation Will Affect CRE

Predicting a future in which all or most of human labor has been replaced by automation has become an almost fevered pastime among the technologists, entrepreneurs, and policy wonks who make up the world of technology journalism. Whether this is describing a utopian world of leisure and culture or a dystopian hellscape of inequality is the dealer’s choice. Add that to the cacophony on the other side that insists that those who are worried about losing their jobs are wrong (and quite possibly soft in the head), and you have a discussion that is difficult to make any real sense of....

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RSK: The thing to take out of this for CRE is tenants will want more flexible space and lease terms. If you can deliver this you will be on top of the automation game for awhile...

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Building For Lease: 202 State St Madison WI

Located on Madison`s most iconic street, this office/retail opportunity boasts tons of natural light, building signage, and an attached parking ramp. Three suites available: 1st Floor (retail/office) - 2,000 to 3,744 SF, 2nd Floor - 4,174 SF, and 3rd floor - 3,237 SF (wood floors, showers)...

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T. Wall Enterprises





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

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

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