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The 5th Annual CBG Sporting Clays Social event
The 5th Annual CBG Sporting Clays
Social event at the Waunakee Gun Club

Tuesday, May 21st
Only 7 days away!


Shooting is optional and all are welcome to come out and socialize.

Schedule: Arrive at 3:00 PM.
Shooting will be from 3:30 PM - 6:00 pm
followed by food and drinks.

We still need a few sponsors for this event.

- Two (2) Co-Dinner Sponsors - $250 each
- Two (2) Co-Drink Sponsors - $250 each
- Four (4) Co-Shooting Sponsors - $150 each

Click the link to sponsor and/or sign up.
Thanks and have a great weekend!
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Millennials are pouring into these smaller cities and buying homes
  • In the majority of the top 10 millennial markets, the unemployment rate is lower than the national average and home prices are generally lower.

  • Based on average income, millennials in these markets can afford to buy 1 out of 4 homes listed for sale. In Oklahoma City, they can afford 30%.

  • By comparison, millennials can afford just 10% of the homes in Dallas, 13% in Boston and barely 2% in San Diego.

High home prices along with strong demand have today’s youngest homebuyers moving to smaller cities — and that could mean a boom for local economies and home values in those markets.

For example, Madison, Wisconsin, is a new mecca for millennials, according to a recent study from the National Association of Realtors, which ranked the top millennial housing markets based on both their high share of current young residents and of millennials moving in. Three out of 4 recent transplants to Madison were millennials and they have mostly stayed in the area, giving the city an overall high millennial population.

The growth is partly due to a burgeoning tech sector as well as the growing popularity of the University of Wisconsin with out-of-state students. Google recently announced it was expanding its Madison offices.

Garrick Rohm, 30, just bought a condominium in Madison. He was renting but decided that it was time to make a longer-term commitment to the area.

“I love being able to bike to work. You can get anywhere you need to go. There’s lots of music venues,” said Rohm. “When you’re walking around Madison downtown, you see young people all over the place.”...

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RSK: I think we knew we were a magnet but didn`t think we were #1. I do see a slight problem with affordable housing in Madison and that alone could change things. However, plenty of upscale apartments in and near downtown/campus...

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In U.S., Real Estate Still Leads Stocks as Best Investment
  • 35% say real estate is best long-term investment option; 27% say stocks
  • Perceptions of best investment have shifted in response to performance
  • Stock ownership still well below the pre-recession levels

WASHINGTON, D.C. -- Stocks have had a strong 2019, with the major U.S. stock indices establishing or nearing record highs in April and early May. Still, more Americans continue to believe real estate (35%) is a superior long-term investment to stocks (27%) or other investment options.

The April 1-9 Gallup poll was conducted amid the ongoing bull stock market, but before the recent stock index records. In recent years, the real estate market has also been hot, with home values in 2018 the highest on record, and Americans expect home prices to continue to rise...

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RSK: As long as there are tax incentives, real estate will beat out most other long term investments...or until they create more land....sky rights anyone?

Ken Notes: We would still like to create a newsletter for potential real estate investors. Think about all the stuff the average person gets on bank and market investments yet little is aggregated on commercial investments, reits, and property investments.

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Is an Opportunity Zone the Right Investment for You?

The hottest pitch in real estate is the opportunity zone, one of 8,700 geographic areas in the United States in need of economic investment.

Opportunity zones encompass three enticements that make real estate attractive to professional investors: the promise of change in underserved areas, the chance of an outsize investment return and the opportunity for a huge tax break...

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RSK: Even with all the tax incentives of OZ`s, the investment still needs to make sense economically without them.

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2019 RASCW Commercial Real Estate Forecast May 29

2019 RASCW Commercial Real Estate Forecast

May 29 @ 1:30 pm - 4:00 pm

TDS Conference Center - 525 Junction Road

FREE SEMINAR!

Commercial Real Estate: What is Next?
Mark J. Eppli, Director of the James A. Graaskamp Center for Real Estate

Tax Cuts & Jobs Act of 2017: What Does it Mean in 2019?
Jeff D. Olson, CPA, MBA – Berndt CPA

Madison Development
Matt Wachter, Manager of Real Estate Services and
Dan Kennelly, Manager of Office of Business Resources,
Economic Development Division, City of Madison

Corey Lamont and Tom Larson – Wisconsin REALTORS® Association
Legal Updates and Legislation

Social Networking 4:00 pm – 5:30 pm
Eno Vino Wine Bar & Bistro

Click Here to Register for this FREE event!

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Opportunity Zones in Wisconsin

Wisconsin has 120 designated opportunity zones, all of which are low-income communities. Wisconsin did not designate any eligible non-low-income contiguous tracts as opportunity zones.

Urban vs. Rural

Wisconsin’s opportunity zone urban-to-rural ratio is nearly identical to the statewide ratio. Among Wisconsin’s 120 opportunity zones, 71 percent are urban, and 29 percent are rural.

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RSK: Here is a map of OZ`s in Wisconsin.

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Unlocking The Two-Sided Market For Commercial Real Estate Services

In March 2009, Uber was born. Over the subsequent decade, the company became more than a controversial transportation company; it proved the scalability of the two-sided market. Though Uber was not the first company to deploy this model, it did so with unmatched pace and veracity, evidenced by its place in common vernacular. Overnight, VC offices were swarming with new startups pitched as the “Uber for [insert industry here].”

The two-sided market is genius in its simplicity. Companies like this exist to dynamically match a labor pool with those who need their services. Built on the back of another major technological revolution, the smartphone, companies were able to use data and transparency to transform how the world gets around...

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RSK: Amen to this...so true. We all have our relationships and go to people in the trades.

Ken Notes: Keep reading below, we may need to develop a Madison area short term flex warehouse for startups and expanding companies. Looking at Cirex and PD there seems to be product available, so we need a marketing / management company to become the Uber for Warehousing...

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IA Management

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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.

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WeWealthy: The Investors Who Will Cash Out When WeWork Goes Public

WeWork`s upcoming IPO will prove whether SoftBank was right to pour billions of dollars into a coworking startup with sky-high ambitions, but SoftBank won`t be alone.

The We Company, WeWork`s new parent, has officially filed paperwork with the Securities and Exchange Commission to go public, although further details remain scarce. Just how much interest it will garner, and at what price, is the subject of hot debate...

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RSK: This will be an interesting IPO!

Ken Notes: More than interesting, I question if the actual business model even works. They continue to burn capital with no end in sight. The revenue stream in this market is limited and lease rates are fixed, WW has demonstrated to grow exponentially but they do this by spending money. If they increase their rates every commercial broker will be standing in line with properties and build-outs at better margins for their larger clients. The flexibility WeWork offers is only a value until a company knows what it needs long term...

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A New Wave Of Demand And Design Is Changing Industrial Buildings

Aliza Karney Guren remembers accompanying her father to tour industrial properties he had developed or acquired when she was a young girl in Southern California. 

To an 8-year-old, the warehouse and other industrial properties looked just like a plain old big box. 

They were simple, drab and not very exciting, said Guren, now the CEO at Karney Properties.

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RSK: Creative industrial space being driven by demanding millennials for play rather than work space. Interesting but maybe we should embrace it.

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Building For Lease: Junction Point 302 Junction Point Rd WI

Junction Point located on the west-side of Madison near major retailers, such as: Target, Pick ‘n Save, Bed, Bath & Beyond, Steve’s Liquor, Panera, Walgreens, Eno Vino Kessler’s Diamonds, Outback Steakhouse and more!

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The Universal Costs Of Owning Rental Property

No matter how much we wish otherwise, every investment property is going to have at least some expenses associated with it. At a minimum, taxes, insurance, repairs and maintenance, and possibly water and trash service on multifamily properties, are going to become due and payable over the course of a fiscal year. All are inevitable, and all must be estimated, budgeted for and managed....

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RSK: This is pretty basic but I do like his part on Repairs & Maintenance....20% is about right unless it is brand spanking new. Depreciation is real not just a number for tax purposes.

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Building For Sale: 425 W Main St 911 Eddington Drive Sun Prairie WI

100% occupied office building on busy Main Street in Sun Prairie. Great opportunity to take over owners second floor space and have first floor, long-term tenants cover your mortgage. Recently remodeled, new roof and mechanicals...

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Flad Development & Investment Corp.

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Since 1975, Flad Development & Investment Corp. has emerged as a leader in the development of quality commercial real estate projects in Madison and Milwaukee.

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ICSC Study: Americans Want Mixed-Use, And They Want It Now

The vast majority of Americans would at least consider living in a mixed-use community — a live-work-shop-play environment — according to a new study by the International Council of Shopping Centers.

Fully 78% of U.S. adults surveyed are open to mixed-use, but younger Americans are most on board, with 85% of millennials saying they would consider living in such an environment vs. 71% of baby boomers....

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RSK: I would definitely consider this option myself.

Ken Notes: I have been begging for this for 11 years in Wisconsin Development News. We need communities not just homes and the homes need to be diverse. We are focused on neighborhoods with one size house and a park, this is not what the next generation of buyer wants.

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Momentum Persists for Industrial, Office Sectors; Lags for Retail
The future still bodes well for the office and industrial sectors, according to the Royal Institution of Chartered Surveyors 2019 Q1 U.S. Commercial Property Monitor report. However, survey participants indicate that more downward movement is on tap for the retail sector.

On the whole, according to the report, “results show sentiment in the real estate market remains generally solid in the first quarter of 2019.” RICS’ Occupier and Investment Sentiment Indices—which reflect a combined measure of short-term supply, demand and expectations indicators—recorded readings of +8 and +7, representing a continuation of the modest momentum seen in the fourth quarter of 2018. However, at the sector level, sentiment was more of a mixed bag...

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RSK: I think it is time to define sectors of retail. Not sure how or what would go into this but there are definitely different types of retail. Some are doing well actually while others are sub coming to on-line rapture. Email me your thoughts on this.

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Supermarket Spike: Measuring Apartment Rent Growth Around New Grocery Stores

Apartment developers expect to receive higher rents when a new grocery store opens next door, but a new report sheds light on which grocery chains come with the largest rent premiums and where in the D.C. region that premium tends to be highest.

Across the D.C. region, apartments near a new grocery store had rents more than 5% higher than the submarket average at the time of the store`s opening, Newmark Knight Frank`s Grocery Store Effect report found...

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RSK: This makes sense to me. 5% higher rents is worth it if you can walk a block or take the elevator down to a Whole Foods or Festival Foods.

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Building For Lease: Westhaven Shoppes 3179 Muir Field Rd Madison WI

Former chiropractic office. Gross lease. Great built-in customer base with 17 residential lofts above, 124 residential units within Westhaven Village, and over 1,400 residential units within one mile. On-site management. 65 parking stalls.

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MAY 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.
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Spaces Madison Grand Opening
Just a reminder that our Spaces Madison Grand Opening event is in 10 DAYS!

Tour a distinctive building that never fails to make a great impression. From the view of the capital to the designer decor and the private patio, this is an inspirational, flexible workspace that`s hard to match. Drinks and light appetizers will be served.

Please RSVP and bring your business cards to the event for the drawings.

Thursday May 16th from 4-7PM
@811 E. Washington Ave. 5th Floor

RSVP HERE:

Grand Prize Drawing:

BADGER FOOTBALL TICKETS VS. MICHIGAN ON 9/21
Row 10 in Section E. which is near the 50 yard line.

Kraig Bodie
Area Manager
(608) 361-8289
kraig.bodie@spacesworks.com

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Ken Notes: Just a note, I talked to Kraig and he reminded me they do pay a broker commission, so if you have a startup or entrepreneur looking for flexible or co-working space give him a call....

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Afraid Of Brick-And-Mortar Retail? Don’t Be. Some Diamonds Are Sitting In The Rough

All the bad press surrounding brick-and-mortar store closings is distracting landlords from opportunities they have to fill vacated spaces with newer, higher-quality tenants, retail analysts say.

"All I see is opportunity," Weitzman Senior Vice President David Zoller said. "Think about it, there used to be a gas station on every corner. And when the gas station left, then it was a bank. When the bank left, it was a Starbucks. When the Starbucks left, it came back as a fast-food drive-thru site. There is always an opportunity for well-positioned real estate." ...

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RSK: Two takeaways from this.
1) well-positioned real estate and
2) Those who combine brick n mortar with online sales.

Ken Notes: Think service, Massage, Hair...

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U.S.-China trade war escalation leaves real estate in the dark

“It’s something that we are not actually going to have any control of.”

The ongoing trade war between the U.S. and China took a turn for the worse Friday, when the White House more than doubled tariffs on $200 billion worth of Chinese goods. Amid faltering negotiations, it hinted at further tariffs Tuesday. For the real-estate industry, which relies on China for a big chunk of its building materials, the moves create a disturbing uncertainty.

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RSK: I agree....no one knows what the effects may be on CRE...we can only guess. I would just suck it in and be ready for anything. At the moment, a labor shortage is a major problem.

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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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Retire comfortably on $40,000 a year in these 4 lovely beach towns in Florida, Texas and Mississippi

Sunshine, sand and surf don’t have to come at a premium

On the beach, and on a budget?

That can be a reality for retirees — that is, if they know where to look. The average over-65 household in America drops $49,000 a year on everything from housing to food, according to the Census Bureau. But you don’t have to spend that much and, in fact, can spend far less — and retire to a sunny beach town. (No, really.)

MarketWatch looked at beach towns across America where the overall cost of living was significantly below average, where housing was reasonably priced and where there are plenty of things to see and do. (Though we can’t promise that summers won’t be hot, and your hurricane risk is admittedly elevated.) We found four attractive beach towns where you could spend roughly $40,000 a year and live a decent lifestyle...

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RSK: I would probably enjoy any of these 4 but Corpus Christi sounds a lot like Madison with no income tax in Texas.

Ken Notes: All have average homes near 150K MADISON needs a community(s) like this.

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Party City is closing 45 stores and finding a fix for a global helium shortage — here`s the list of closing stores
  • Party City is closing 45 of its 870 stores this year, the company said on Thursday. The company typically closes 10 to 15 stores annually.

  • Party City also said it has secured a new source of helium that should help relieve pressure from a global helium shortage.

  • Closing stores include locations in California, Illinois, Connecticut, and Washington.

Party City plans to close 45 of its 870 stores in 2019, the company said on Thursday.

The party-supplies company also said it has secured a new source of helium that should help relieve pressure from a global helium shortage that has squeezed balloon sales. The store closures are unrelated to the helium shortage, the company said.

"We believe this new source should substantially eliminate the shortfall we are experiencing at current allocation rates and improve our ability to return to a normal level of latex and metallic balloon sales," Party City CEO James Harrison said in a press release.

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RSK: Oh no....is nothing sacred? Guess we will have to bring more beverages to the party and no funny voices either.

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Building For Sale: 161 Horizon Dr Condo Units 10, 11 & 12 Verona WI

Commercial Condominium of 6500 SF+, fully leased to 5 tenants. 1500-2300 SF coming available in 4th quarter of 2019 gives this property potential for owner occupants, and investors alike. Buildings constructed in 2002-2003 consist of 20 condominiums - Verona Contractor Center.

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WeWork Wants to Become a Landlord

WeWork is creating its own $2.9 billion investment fund called ARK to buy stakes in buildings where it will be a major tenant, Bloomberg Businessweek reports. That could explain the cutbacks to our floor’s beer selection.

The two-pronged investor pitch

  1. WeWork has good vibes and a strong brand. The CIO of ARK investor Ivanhoé Cambridge told Bloomberg, “People actually want to be in the office…sooner rather than later, a WeWork-branded building will be attracting other tenants the same way you will never have a vacant space next to an Apple Store.”

  2. Buildings will become more valuable when they have WeWork as a tenant. If good vibes and thirsty succulents won over tech investors, a focus on curb appeal is WeWork’s play to recruit real estate investors...
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RSK: Investing in yourself. Could be good or could be a double whammy. Could be why they pulled the beer selection back to 1?

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Building For Lease: Fully Equipped Restaurant - Janesville WI

Fully equipped 6,800 sf restaurant, all FF&E included. Highly visible site at the gateway to nationally anchored retail corridor. Significant improvements underway at I-90 and US 14 to accommodate increased traffic. Full access along Wellington Place, with a right-in along Deerfield Drive.

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Building For Lease: 1418 S Park St Madison WI 53715

Well maintained warehouse available for lease. Park Street location provides convenient access to downtown Madison and the Beltline highway. Current layout features loading area, production, office, and storage. Prior tenant was in the food production industry and space has ample power and plumbing accordingly. Adjacent tenant is Meriter.

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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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Struggling Subway closed more than 1,000 restaurants in 2018

Struggling fast food franchise Subway closed more than double the number of restaurants in 2018 than it had forecast, the company revealed in a regulatory filing.

An annual financial disclosure statement filed in Wisconsin Monday says a net 1,108 restaurants closed nationally in 2018.

Subway had forecast that about 500 would close, according to media reports.

That 1,108 is higher than the prior record of 866 net closures in 2017 and 357 in 2016.

Subway overall has 24,798 US locations, down from 27,129 at the end of 2016...

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RSK: Prime example of over proliferation and cannibalism....you don`t need a subway in every convenience store or every other block.

Ken Notes: Still a great franchise, but with their pricing and margins you have to sell a lot of product. Also chips vs. french fries as an add on has a MUCH smaller profit margin. And for the record there are only 15,000ish McDonalds...

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Why Are So Many More Stores Closing Than Last Year?

It may seem like a paradox: National retailers have already announced more store closures this year than all of last year, but sales numbers have remained healthy amid high consumer confidence.

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RSK: Well written and to the heart of the point. Now more than ever, retail giants, what is left of them. need to adapt. Good read.

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Food Delivery Boom Means Sandwiches Don`t Come From Restaurants Now

These shared-space restaurants are fast and low cost, but failures have piled up in the new business model that’s still like the Wild West.

Can a restaurant be a restaurant if you take away the cashiers, tables and diners?

Thomas Pham, a franchisee with 10 Halal Guys kebab restaurants in Southern California, is giving it a try. He turned to the newish “ghost kitchen” business model earlier this year as he builds out his company.

Rather than paying as much as $500,000 upfront for a new restaurant, he opened a location in a shared-space kitchen in Pasadena that makes food for to-go and delivery customers. The cost: $20,000, plus a $5,000 monthly fee, which is half the rent for a brick-and-mortar restaurant, he says. With delivery orders booming across the restaurant industry, these new-style cookhouses may be just the ticket for growth...


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RSK: This is very interesting. Although in its infancy several have come and gone. The strong point in today`s environment would be you do not need to have as many employees which is huge. You also do not need the best expensive location either. But people still want to go out and have the full experience. This too will morph as is brick n mortar and on line retail.

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Building For Lease: 4916 E Broadway Madison WI

Creative brick office building ideally situated along beltline (86,000 + VPD) in close proximity to I-90/94. Building includes reception area/lobby with stairway to the open second floor. Shared cafe with outdoor courtyard. Signage available. Multiple suites available, can be combined for larger requirements. Build out available on all suites. Carrier-neutral Data Center space available.

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Land for Sale: 4538 E Broadway 4602 E Broadway Madison WI

Two adjacent parcels of land for sale along East Broadway. Conveniently located near Stoughton Rd, the Beltline Hwy, and I-90, this site offers great access to all east side amenities and provides a wide range of development possibilities.

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High Point Office Park

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High Point Office Park is an 11-building, 217,418 square foot office park located in one of Madison, Wisconsin’s finest western locations.

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Strong economy not helping local retail landlords
The local retail vacancy rate is heading back up as many landlords continue to struggle with store closings and sluggish demand for their space.

Retail remains the one problem child in the booming real estate market, threatened by the rise of online shopping and the demise of chains like Carson’s and Toys R Us that occupied big chunks of space. Warnings of a coming retail apocalypse may be overblown, but new data from CBRE shows that the market for brick-and-mortar retail space continues to contract, belying a strong economy that’s lifting apartment, office and other property markets.

According to a CBRE survey, the Chicago-area retail vacancy rate rose to 11.5 percent in the first quarter, up from 11.1 percent at the end of 2018 and 11.4 percent a year earlier. The rate is also just shy of its most recent peak of 11.6 percent in second-quarter 2018...
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RSK: Smaller retail spaces seem to be doing fine....so, big box spaces may need to be divided into smaller spaces with different kinds of offerings...or put office or apartments above them as well.

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On-Demand Warehousing: Coming Soon To An Industrial Property Near You?

As retailers need to deliver goods even faster and logistics companies struggle to run that last mile, access to flexible on-demand space in warehouses is a growing trend.

On-demand warehouse space involves short-term leases of various sizes and durations — as much space as the customer needs, when it needs it, in a convenient location.

“It’s about agility,” Jon Sleeman, JLL`s EMEA Logistics & Industrial research director, wrote in an article published on the company`s website. “Retailers need to be able to scale up and down and have highly variable requirements — be that Black Friday, Christmas or sales season.”...

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RSK: Let`s be honest...how many jobs does this really create. Want tax incentives...then create jobs. Most warehousing is so robotic it isn`t funny. I see this happening in areas surrounding Madison and feeding into the central city like a wheel and hub.

Ken Notes: Logistics and last mile continue to be the missing link in the on-line industry. Amazon just offered it`s employees 10K to quit and start a delivery business. I think we will see the old Sears Catalogue store model. A small retail outlet in every community where your package of any size ends up. From there you can schedule delivery, pick up, return, or get service and parts.

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Landlords Hungry For Local Restaurateurs — Once They Prove Themselves In Someone Else`s Building

Developers are changing their tune when it comes to signing lesser-known local retailers over national credit tenants, but Boston restaurateurs still must prove themselves before landing a space in one of the city’s glitzy new developments.

“The city is still in a transition,” said restaurateur Jack Huang, who owns five Japanese restaurants across Greater Boston, including Douzo in Back Bay and the recently opened Sushi Momento in Cleveland Circle. “There’s still a gap between where we want it to be and where we are.”

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RSK: A build out of $700/sf is a bit steep even for a restaurant but not unheard of.

Ken Notes: If Madison ever gets a public market, and does it right, it should be able to "grow" some new restaurants and businesses. When I was a mayor, I had a developer who used extremely progressive leases to grow restaurants in his buildings.

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2019 Event Calendar

CCIM/SIOR Golf Outing

June 3 @ 10:30 am - 6:00 pm
The Legend at Merrill Hills, W270S3425 Merrill Hills Rd
Waukesha, WI 53189 United States
+ Google Map

CCIM Wisconsin and SIOR Wisconsin: Two great organizations, one great event! Join Wisconsin’s premier commercial real estate designees for an exciting and unique networking opportunity and a fantastic day of golf. Golfers of all skill levels are invited to network with CCIM and SIOR Designees, Candidates, and CRE industry professionals. Bring a foursome or come on your own and let us introduce you to some new colleagues. *This is a scramble event   Schedule 10:30 a.m. | Registration 12:00 p.m. | Shotgun…

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Everyday You Hear About #Property #Technology M&A. What’s The Reality? NOW!

Where did all of this start?

That, of course, depends on with who you talk to but for our reference, I will start back about around 2009. A solid decade ago. Think about where we were. Zillow was only four years old and LoopNet believe it or not started way in back in 1995. The DarkStar was even then the evil empire, with all the horrific sequels and frail threats of universal domination still to come. Most of the globe was deep in the middle of The Great Recession. Deal flow, as the brokers call it was about down to zero in real numbers. And yet there was a glimmer of hope for #CRE. That flickering little light was something called software and someone really smart stated that sooner rather than later “software would eat the world.”...

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Walmart opens an online pet pharmacy to compete with Chewy while adding vet clinics in stores

Walmart is turning over more spaces across the front of its huge Supercenters to an operator of pet clinics and bringing the service to Dallas-Fort Worth.

Walmart is also getting into the online pet pharmacy business through WalmartPetRx.com, going up against Chewy.com. And later this month, Walmart`s 4,500 store pharmacies will begin stocking the top 30 most requested pet medications...

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RSK: Pet business is huge and keeps on growing. But let me say this to Walmart. I ordered some items From Chewy yesterday afternoon and they showed on my doorstep today....not sure even Amazon can beat that!

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Who Is Taking The Long Hard Road To Global #CRE Technology Domination?
I get asked all the time, “what’s next, what companies should we be looking at, what are we missing that’s too obvious?” And for the most part, I can always come up with a couple of gems that have them sit back and just go silent for a minute or two. Then, of course, they ask me why those specific companies or why those specific areas of commercial real estate.   ...more

RSK: I think it will be a Ninja move by some small company not burdened down with all the protocols and has the flexibility to experiment.

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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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No Evidence of the ‘Retail Apocalypse’ at Collegiate Retail Projects

Ten years ago, during the height of the Great Recession, I was speaking at a conference and made the argument that airport retail was the next frontier in the evolution of retail real estate. I was summarily laughed out of the room.

As a necessary evil, the hallmark of airport retail at that time was limited to overpriced offerings with zero inspiration or creativity. Ten year later, airports across the country are spending billions to upgrade merchandising as airport retailers have become some of the strongest per square foot performers for most retailers and restaurants with airport locations...

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RSK: Hmmm, Jim is citing only one example of this. Somehow I would think students would be more on line shoppers than anything else, however, they do not buy big ticket items so maybe some clothing, food emporiums a drug store etc. might work well.

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Planet Fitness Plans Huge Expansion, Targeting Sites Left When Other Retailers Go Under

Gym chain Planet Fitness is planning to open a total of 225 new locations this year, some of which will be in sites formerly occupied by Toys R Us or Sears, though the company has not specified where all of those locations will be.

For Planet Fitness, retail closures can mean opportunities for new locations.

"Looking ahead, real estate trends appear to remain in our favor as many brick-and-mortar retailers continue to close stores and landlords are increasingly looking to Planet Fitness as key tenants who drive traffic to their centers," Planet Fitness CEO Chris Rondeau said during the company`s quarterly earnings call in February.

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RSK: 225 new locations is about right for Planet Fitness and joining forces with some Kohls Stores is an excellent idea.

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Why Women Should Lead Change In Commercial Real Estate
As a commercial real estate entrepreneur , my job involves a lot of traveling and networking. I often find myself at receptions, cocktail in hand, introducing myself and explaining what I do. And when I explain that my startup is disrupting the commercial real estate lending industry, it’s not uncommon for me to get a few raised eyebrows to what many perceive to be a male-dominated field.

And that’s OK, actually. I don’t really have any horror stories to share here. As a matter of fact, the commercial real estate business is pretty well suited for women...

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RSK: I like her attitude. Women should not shy away from traits that make them women. They should use them to help make the changes in the industry..."Don’t hide from the so-called “female” qualities that are perceived to belong only to women. Instead, embrace them and make them work for you. Leverage the qualities that you bring to the table. Embrace discomfort, and be smart about using the people around you to find — and seize — opportunities to be a disruptor and innovator."

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Building For Lease: Nelson Road Business Center 4009 Felland Rd Suite 106

3400 square feet total with 2200 square feet of office space and 1200 square feet of warehouse with drive-in door.

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Commercial Brokers Group, Inc.

Next Event:

CBG Sporting Clays Event on 5-21-19
Date: Tuesday, May 21st, 2019
Time: 03:00 PM

CBG Meeting and CE-2 Wisconsin Offers to Purchase
Date: Wednesday, June 12th, 2019
Time: 07:15 AM

Event Details:
Mark your calendar for our breakfast meeting and CE-2 Wisconsin Offers to Purchase on Wednesday, June 12, 2019. The breakfast meeting schedule is:
• 7:15 a.m. - 8:00 a.m. breakfast & networking
•8:00 a.m. - 8:50 a.m. Meeting
•9:00 - noon CE-2 Wisconsin Offers to Purchase
From 9:00 a.m. - 12:00 p.m., CBG is offering CE. This continuing education class will be taught by Reinhart Boerner & Van Deuren, s.c. This approved course will count towards the credits needed for Wisconsin licensee renewal.

If you have any questions, please contact Wendy Sullivan at 608/772-0060 or wendy@advantageosborne.com.
Location: TBD
Cost: $0.00
RSVP Deadline:

2018 DOY Presentation with Photos is Here!



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One of the most valuable malls in America is getting a makeover
Key Points
  • Unibail-Rodamco-Westfield’s Garden State Plaza mall in Paramus, New Jersey, is being renovated.

  • After the upgrades are complete, Garden State Plaza will have a residential community, office space and an outdoor park.

  • Many landlords are looking for ways to redefine their malls today, as retailers close up shop and consumers’ preferences evolve.

One of the most valuable malls in America is about to get a total makeover, further signaling how bricks-and-mortar retail is evolving to include places to work, workout and even live — not just buy clothes.

Unibail-Rodamco-Westfield’s Garden State Plaza mall in Paramus, New Jersey — considered one of the top 10 shopping malls in the U.S. based on sales — is being renovated to include office space, a residential area, more food options, a space for gym operators and yoga studios, a hotel and an open green space for the surrounding community to use....

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RSK: This is what I am talking about! So much valuable land mass might as well make malls into neighborhoods.

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Redfin Aims to Bring E-Commerce to Home Buying

Redfin, the Seattle-based real estate brokerage, is starting a program that lets house hunters bid on properties directly through its website. The move aims to bring online shopping to a business dominated by attending weekend open houses and driving around with agents.

The company recently tested the program in Boston and now plans to extend it in stages across the country. It is the latest sign that technology companies are encroaching on the decidedly low-tech world of real estate sales...

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RSK: This could very easily creep its ugly head into commercial real estate.

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Knight Barry Title Group

                       608-255-2700  www.KnightBarry.com
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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

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How Your Building Is Nudging You Toward A Different Way Of Life
If you are at a buffet, even if you aren’t that hungry, you fill your plate, right? It is just the the way our brains work.

So how do you encourage people not to overeat? You give them a smaller plate.

The WELL certification designed by the International Well Building Institute has become the standard for the increasing number of property owners who want to show that their buildings promote wellness, the catch-all term for mental and physical health. And it was designed with smaller-plate kind of nudges in mind...   ...more

RSK: Interesting comparison.

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Coworking Is Flexible, But Is It Productive?

When coworking first arrived, its providers promised a revolution in productivity. They would supply the space, the furniture, the coffee and kombucha. Without the burden of running an office, tenants could focus exclusively on their work, maximizing productivity for individuals and teams.

Coworking has now become a fixture of the office market, but the jury is still out on whether it has made employees more productive. While coworking sites still tout their original promisesa body of anecdotal evidence suggests that sharing a workspace with dozens of other companies can create a disruptive, unproductive environment...

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RSK: Is it just me or did the author not really answer the question?

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Industrial vacancy falls to lowest in 18 years
The strong economy and the e-commerce boom are fueling demand for space where companies make, store and distribute their goods.
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RSK: Probably getting close to the low for vacancy.

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Business for Sale: Kahl Inn - 4089 Sandy Hook Road Hazel Green WI

Just over the bridge from Dubuque. Well maintained supper club with a 60 year history. Fully equipped kitchen, bar and dining room for 100 patrons. Comfortable upstairs apartment with large garage. Near Mississippi River, golf course, campground, UTV/ATV trail.

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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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Building For Sale: Paoli Creamery -- 6858 Paoli Rd

7.5 Acres on the Sugar River in Paoli, this 10 unit mixed-use commercial/residential bldg has 10 unique, large units many with high vaulted ceilings overlooking the Sugar River. No one unit is alike. 7.5 acres, makes room for additional units or building, C1 zoning allows many uses. Real Estate only for sale. Building is fully leased. 48-hour notice for showings 10-12 on Tues & Thurs. Proof of funds availability needed...

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Ken Notes: Now this is a destination property!

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CVS Health just closed 46 stores — here`s the list
  • CVS Health closed 46 underperforming stores in 16 states in April, the company told Business Insider.

  • The pharmacy chain, which is the largest in the US, has more than 9,900 stores.

  • CVS announced the closings as it reported a 35% year-over-year increase in first-quarter revenues to $61.6 billion.

CVS Health closed 46 stores across 16 states in April, the company told Business Insider on Thursday.

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RSK: None in Wisconsin...yet! But again do we need a drug store on every other corner?

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A Growing Area of Real Estate: Religious Organizations as Landlords

Transactions involving these groups differ dramatically from typical commercial leases. Here’s how.

Churches and other religious organizations have some of the least used real estate of any property category. Meeting rooms, classrooms, and the sanctuary are usually left vacant during most of the week. Understandably, many organizations often consider how to monetize these infrequently used spaces by leasing them.

The target tenants are primarily private schools, charter schools, childcare operators, and smaller unaffiliated religious groups. The sanctuary and large meeting rooms can be leased for special events or regularly scheduled meetings. Problems occur when the tenant and the landlord (the religious organization that owns the property) don’t approach the use process as a business transaction...

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RSK: Some good ideas to consider here. I keep hearing the one Gospel quote "Give to Caesar what is Caesar`s and to God what is God`s" It fits, no matter how you construe it...

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Walmart is breaking ground on a new 300-acre campus inspired by McDonald`s, Apple, and Stanford amid a cutthroat war for talent — here`s what it wi
  • Walmart is breaking ground in July on a 300-acre corporate campus in northwest Arkansas.

  • Walmart is in dire need of a new home. The company`s more than 14,000 corporate employees based in Bentonville, Arkansas, are now spread across 21 buildings.

  • At the new campus, Walmart employees will get more windows, better parking, access to childcare services, and more food options.

Walmart is breaking ground in July on a new corporate headquarters spanning more than 300 acres in northwest Arkansas...

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RSK: Food Trucks people...food trucks!

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Building For Lease: 6615 University Ave Middleton WI

Formerly pizza store, large parking field for customers, multi-tenanted facility. 20,800 vehicles pass this location each day...

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Crown Commercial Real Estate/Development, LLC
Sponsor

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

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Building For Lease: 1619 Monroe St Madison WI

This charming office building in the Monroe Neighborhood offers 1,876 sf of office space on the lower level. The property is within walking distance to the UW Madison campus with direct access to Monroe Street. Perfect option for a price conscious tenant or those working closely with students or the University. Nearby restaurants offer ample opportunity for coffee, lunch, and dinner meetings...

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Business for Sale: Hemp Processing Solution - 7628 W Conservation Rd Lake Mills WI

Property is 24.9 total acres. There are 25 30`x10` hoop greenhouse facilities with running water, 9,000 sqft OMM house with running water, 3,000 sqft building with 3 built out grow rooms accommodate processing. The owner of the property holds a Hemp/CBD growing and processing license with the State of Wisconsin.

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Recent sponsors below...
Thanks you for sponsoring CIREX and Cirexnews.com
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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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MIG Commercial Real Estate

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

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Evans Properties, LLC.

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Professional Real Estate Management and Sales

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Newmark Grubb Gialamas

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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.

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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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Wisconsin Commercial Real Estate

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

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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

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Masters-hall Appraisal

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ST. Johns Properties
St. Johns
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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

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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
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