 |
|---|
 This Weeks Articles... Members Of Congress Want Inspector General To Take A Hard Look At OZs IRS Releases Additional Reporting Requirements For Opportunity Zone Investing Kansas city refuses to let veterans stay homeless, builds tiny home villages to house them Exclusive: Sears says it has secured a $250 million lifeline, will close 96 stores Companies from Microsoft to Shake Shack have experimented with a shorter, 4-day workweek — and most of the time it`s worked really well Numbers Show California`s Opportunity Zones Investments In The State Are Down Why Barbie, a Blimp and a Wienermobile Are Posting on Airbnb As Forever 21 Reduces Its Store Closures, Simon Thinks The Worst Is Over For Retail Bankruptcies RE momentum to continue into 2020 but one sector will lag 23 photos that show the ugly truth of living in a tiny house Banks Take First Steps Into Lending For Cannabis Sector Saudis Reportedly Fund Travis Kalanick`s Ghost Kitchen Company Investors Put Out Welcome Mat for Hospitality Real Estate Jamie Dimon says WeWork will survive and that he’s learned some tough lessons from the debacle WeWork accounted for 69% of coworking space leases in third quarter, even as crisis loomed A bad Rx for what ails Walgreens Building For Lease: 1310 & 1320 Mendota St Madison WI Building For Lease: 2015 Winnebago St 101 Madison WI Building For Sale: 313 E Mifflin St Madison WI Building For Lease: Nelson Road Business Center Nelson Road Business Center 4005 Felland Rd Suites 108-109 Madison WI 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...  |
 WeWork
co-founder Adam Neumann will reportedly get about $1.7 billion under a
deal in which SoftBank will take control of the troubled company. Under
the deal, the potential valuation of WeWork would drop to about $8
billion, a stunning fall from its peak of $47 billion, and an additional
embarrasment for a company that was supposed to go public not long ago.
Under that new expected valuation, SoftBank (SFTBF) would have put more money into WeWork to date than the company is worth. Japanese conglomerate SoftBank is the largest investor of The We Company, WeWork`s parent company. News of the deal was first reported by the Wall Street Journal. Bloomberg also reported Neumann`s payout as part of the deal... ...moreKen Notes: Clearly we are all in the wrong business! You can get 1.7 BILLION dollars for starting a business with no profits, no hard assets, and no working business model... |
 U.S. Sen. Cory Booker
(D-N.J.), Rep. Emanuel Cleaver (D-Mo.), and Rep. Ron Kind (D-Wis.) are
calling on the Treasury Department to take a close look at the process
by which opportunity zones have been created. The move comes after reports of zones created that do not meet the eligibility criteria. One in particular, in Downtown Detroit, purportedly benefits properties owned by billionaire Dan Gilbert, chairman of Quicken Loans and owner of the Cleveland Cavaliers, ProPublica reports. Gilbert previously donated $750K to the inaugural fund of President Donald Trump. ...moreRSK: Always some politico involved somehow, somewhere. Ken Notes: I did my radio show, Development Matters, last week on Property Zones and while there are Funds that individuals (who have capital gains) can invest in, this program is for the investor or developer who has professional guidance and substantial capitol gains. So yes the wealthy and uber wealthy will benefit most. The question is are they creating jobs and improving neighborhoods. |
Future Offices recently published the
report “What Tenants Want 2020”. The world of commercial real estate
has been officially disrupted, and this has changed the expectations of
tenants across the world... RSK: Landlords and property managers.....you need to read this!... |
The success of a business is due in large part to the personalities of the people who run it. You can have the most amazing, innovative ideas, but if you have a toxic personality that repels even your most loyal customers and most diligent employees, you may be singlehandedly costing your business time and money.
RSK: We can all learn from this me included. Ken Notes: Great list ... Read this and share it with you employees... |
 A clear picture of the opportunity zone program remains out of reach, but more information trickled out of the Internal Revenue Service at the end of October. The IRS released a draft version of Form 8996, the filing document for qualified opportunity funds and their investors, containing additional requirements for reporting opportunity zone-related income, Bloomberg Tax reports. If the current version is finalized, Form 8996 would require a QOF to disclose how it is structured, as well as all of its assets and their respective census tracts. The census tract, employer identification number and assets will be required for any qualified opportunity zone businesses that are listed among a QOF`s assets... RSK: On a similar note.... Ken Notes: Remember you an search CirexNews and there are dozens of articles on opportunity zones starting the day they were created to this one... |
The Gialamas Company`s premier development. The park has over 57 buildings containing 200+ companies, occupying over 3.0 million square feet. |
 The Houston Astros and Washington Nationals look to continue to be a tantalizing matchup on the field in the 2019 World Series as the Nationals take a 2-0 lead back to our nation’s capital. Off the field, Houston’s real estate market is a few steps behind the highly developed D.C. metro. Avison Young put together stats to help break down the numbers. “Our D.C. and Houston offices have a $500 bet on the World Series,” Avison Young Houston Managing Director Rand Stephens said. Stephens, like many in Avison Young’s D.C. and Houston offices, is an avid baseball fan. “It’ll go towards lunch for the winning office.”... ...moreRSK: A little fun and facts regarding the World Series of CRE...... Houston vs DC! |
 When stocks go to the moon, buildings head for the sky. Historically, bull markets in stocks and real estate bubbles, especially in commercial property, go hand in hand. The same irrational exuberance that persuades mediocre stock investors that everything they touch turns to gold also infects developers who leverage themselves to the hilt with cheap money near the peak of a cycle. And the most visible indicator of that is the skyscraper. In the past, the completion of record-high skyscrapers has been the proverbial bell that rings at the top of the market. Right now, massive construction of super-tall residential and commercial towers, especially in Manhattan, may be signaling the bull’s end is nigh. Peak hubrisThe so-called “skyscraper indicator” isn’t perfect. Its timing can be off because of big buildings’ long development times. But it’s a stark symbol of peak hubris. RSK: This may be the most accurate of forecasts...the splurge...and soon the purge is coming. |
 The real estate market’s fluidity makes it a place where trends are
always changing. Developing trends usually take a few years to enter the
mainstream and become the norm. Because of this, smart agents and
investors keep their fingers on the pulse of the industry so that they
can adapt to those trends well before everyone else starts scampering to
catch up.To help highlight these developing trends and what they mean for the agent or the investor, Forbes Real Estate Council
members discuss some of the developing real estate trends likely coming
to the industry in the next few years and how those changes would
impact the average investor or agent... 1. Co-Working Space As A Shared Amenity... RSK: This is interesting. See what your peers think and if you agree with them. |
 The reason why there are so many veterans living in the streets varies, and this homelessness is a serious national issue needs to be addressed with urgency.According to data from the U.S. Department of Housing and Urban Development, there are more than 40,000 homeless veterans in the country on any given night.... ...One of the organizations that took this step is a non-profit called Clara White Mission in Jacksonville, Florida. ...moreRSK: This could work for many homeless... even works for those who have a good job but their student debt is hurting them...like a condo. Ken Notes: I have been saying this for years, and we have great working models in the form of student housing here in Madison and village for vets in Milwaukee. We need to add micro to our quiver, it is not cure all it is a cure some and solutions come one individual at a time. |
NEW YORK (Reuters) - Sears told Reuters on Thursday it had won a $250 million lifeline from lenders that include billionaire owner Eddie Lampert, and will close additional stores, as mounting losses strain the beleaguered U.S. department store chain’s finances. The new loan, put together in recent weeks, increases by roughly $100 million the $150 million of financing that Sears raised several weeks ago, said people familiar with the transaction, who were not authorized to discuss publicly some aspects of the deal... ...moreRSK: I think the name is part of the problem. If they changed the branding somewhat they may make it. Need to get the Millennials on board. Ken Notes: I am blown away by the fact that the company that had it all is now failing in a market where they should be king. I would think Amazon would buy them just to use the brick and mortar as distribution centers. |
 There are two statistics provided by pop-up retail platform Appear Here
that at first seem totally paradoxical, but on closer inspection give
an insight into why retail real estate is having such a hard time in the
U.S. and UK. The first is that 20% of the brands it has found space for in 2019 have
extended their stay beyond the initial lease period. The second is that
6.1M SF worth of requests for space from retailers using its platform,
about half of all enquiries, went unfulfilled by landlords in 2018. ...moreRSK: Very interesting. Pop-Ups give flexibility to retail and brands....it may be the future of brick n mortar retail. |
|
 The We Company has canceled plans for its long-anticipated Seattle co-living location, it announced Monday. In what would have been its third WeLive and first West Coast co-living location, WeWork had planned to occupy the entirety of Martin Selig Real Estate`s 36-story tower heading for the city`s Belltown neighborhood. Now, it has scrapped its coworking and co-living plans for the nearly complete tower — it announced the development agreement in 2017 — in the latest sign of trouble since it began its doomed initial public offering process over the summer... ...moreRSK: More fallout! Ken Notes: Too bad really, because alternative living facilities are needed in communities where rents are pricing many out of the market. I am pretty sure affordable is not what WeWork had in mind but "new" housing is clearly needed markets... |
 There is no doubt about it: A migration is afoot. I see it every day, in every market my firm operates in: More and more young professionals, working-class families and senior citizens are choosing to move south to warmer climates with less expensive costs of living. The bigger Southern cities such as Atlanta, Charlotte and Tampa have long welcomed a steady influx of newcomers, but they are no longer alone. As housing prices in those metropolitan areas have risen, more affordable secondary markets in the Southeast have become the latest magnets for new arrivals in search of a better quality of life. People are flocking to the likes of Spartanburg, South Carolina; Greensboro, North Carolina; Little Rock, Arkansas; Brunswick, Georgia; and Jacksonville, Titusville and Palm Coast, Florida... ...moreRSK: I think the best opportunities are in third tier markets like Austin or Madison. Ken Notes: A weekly newsletter to your potential investors makes YOU the expert call us 608.334.2174... |
When they were built, these lavish homes were likely worth today`s equivalent of millions of dollars. Now, they`re falling apart. RSK: My just for fun and FYI article for the week. |
With the rise of popular work chat apps like Slack and easy access to corporate email 24/7 through our smartphones, breaking away from work can feel more difficult than ever. At the same time, employee burnout appears to be on the rise. In a study of 75,000 employees published last year in June, Gallup
found that 23% of workers reported feeling burned out always or very
often at work, while another 44% reported feeling burned out sometimes. A
study of 614 human resources leaders conducted by Kronos Incorporated and Future Workplace
in 2017 also found that nearly half of those surveyed said burnout is
the cause of up to half of their yearly workforce turnover... RSK: I personally have never been an hour or day person but more of a task man. Whatever it takes to get the task completed but this seems to work for many companies. Ken notes: It drove me crazy during the last recession to see companies lay off 20% of there workforce rather than to go to a 4 day week across the board and retain most of their workers. I believe a company should not be able to layoff workers until everyone in the companies receives a pay cut especially senior management. The studies coming out of the 4 day are very interesting, increased productivity, less sick time used, easier to recruit better talent. Hospitals, fire departments etc. have been doing this for years! |
:format(webp)/cdn.vox-cdn.com/uploads/chorus_image/image/65469261/VILLA_VALENCIA_Exterior___Pool.0.jpg) The multibillion-dollar wellness real estate industry believes air purifiers, pollution sensors, and natural materials can breathe new life into high-end homesThe latest high-end real estate amenity: living longer. At least that’s the view of South Florida real estate developer Rishi Kapoor, whose Location Ventures has begun selling units in a forthcoming beachfront development in Coral Gables that Kapoor believes will deliver the promise of a healthier home, which he says is “not just science fiction, but fact.”... ...moreRSK: Actually I see the science aspect of this. But with everything comes a price. |
|
 Key Points
SoftBank and J.P. Morgan Chase
will submit separate funding packages to WeWork’s board in the coming
days, and the office-sharing company will choose between the two or a
combination of both, according to people familiar with the matter... RSK: And the beat goes on....damage control! Ken Notes: This will be interesting because the assets of WeWork are "soft" (more leases that brick and mortar) and the total income does not support the total outflow. If you owe the bank $100 that`s your problem. If you owe the bank $100 million, that`s the bank`s problem. J. Paul Getty ...and others... |
 Most buyers are still spooked by uncertainty around tax reassessment, experts saidThe year’s two biggest office tower sales have been announced in recent weeks, but Chicago investment sales brokers don’t believe it’s a sign that the market is roaring back. Earlier this year, investment sales of office buildings in the central business district dropped to a 20-year low, with only two sales recorded in the second quarter and six in the first quarter. The slowdown has been attributed to the uncertainty surrounding commercial property taxes under Cook County Assessor Fritz Kaegi. That uncertainty is causing some investors to be more cautious, particularly in parts of the city where it might not be as easy to pass real estate tax increases on to the tenant, said MB Real Estate’s Kevin Purcell.... RSK: This is good news. Ken Notes: Even better news, if there is a change in administrations next year the wealthy will be looking for a place to shelter their wealth and real estate will be a good bet. Of course it you wait until after the "fall" you will be among many seeking these dollars. I suggest we start talking about the opportunities available in the market NOW, Educate your investor on, OZs, TIF supported projects, REITs, Affordable Housing, entertainment / destination project, co-working, storage, warehousing and the last mile, and much more. Ralph and I can help call us... |
Forever 21 is expected to shutter up to 111 stores in the US, according to court documents filed Tuesday after the fast-fashion retailer filed for Chapter 11 bankruptcy protection in September.
RSK: Only 2 in Wisconsin and both are in Milwaukee Suburbs. |
 In the nearly two years since the passage of a federal program aimed to spur economic development in low-income and distressed neighborhoods, there have been roughly 30,200 commercial real estate transactions in the designated opportunity zones in California. In the two years prior to the program, there were more than
32,200 commercial real estate transactions in the same zones in the
state, according to CRE data site Reonomy... RSK: One begins to wonder if this was such a good idea. Seems it just might be inflating the value of properties in the Zones. Ken Notes: It depends on who is running the show. They are a GREAT idea if you can invest in an area where you will see gains during the investment period. In California they are more risky because you can "do better" outside the zone. You need to be very smart to make them work for you. |
 This Softbank-backed company has a wild valuation. Sky-high growth. Potential to disrupt an entire industry. And no profits in sight. No, we`re not talking about WeWork. Meet Oyo. The hotel startup—based in India—renovates existing buildings and upgrades services to meet a set of uniform standards that has made it a global leader in the hospitality market. And it doubled its valuation to $10 billion after the company announced last week it is raising $1.5 billion in capital to expand its presence in foreign markets, including the U.S. and the U.K, according to a company statement. ...moreRSK: After the WeWork debacle, this one will be very closely watched. Ken Notes: If I had stock or investment in Soft bank I would be running for the hills... |
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. |
Dollar Tree is a leading dollar store chain that operates over 15,100 stores in the US and Canada under the brands Dollar Tree, Family Dollar, and Dollar Tree Canada. The company, which is practically neck-and-neck with Dollar General in terms of store count and annual sales, had its same-store sales increase in the second quarter by 2.4%. RSK: The same can be said for the stores in our area...some are well kept and others a mess. Ken Notes: I live in a Dollar General food desert (Albany) and it is very different than a Dollar Tree. DG becomes an option void of produce and meat and many adjust their actual diets around this. |
 When a major national construction company decided to sign an anchor lease at Sterling Bay’s Fulton West
building in Chicago, it had one nonnegotiable request: a 7K SF, staffed
and programmed fitness center. Not just a room with a few treadmills
and some free weights, but a decked-out complex with modern equipment,
generous locker rooms and, most importantly, instructors and staff to
hold up to five fitness classes a day for its employees... RSK: This would be my number one amenity... I mean who would love a puppy yoga class? Ken Notes: Destination offices make sense. EPIC banks on the fact that their employees want to come to work... |
 By 2030, roughly three of every five people on the planet will live in cities. How prepared are cities to serve their older residents? Based on a report released today, Age-Forward Cities for 2030, the answer seems to be: not very. But, according to the report’s authors, Nora Super and Caroline Servat at the Milken Institute Center for the Future of Aging, a few large and small U.S. cities get it and have launched practical initiatives to become more age-friendly. They include New York City, Los Angeles, Pittsburgh, West Sacramento, Calif., Louisville, Kansas City, Mo., Washington, D.C., Chicago and Tampa, Fla. “We’ve seen some progress, but many cities aren’t paying attention to aging,” said Super, senior director of the Milken Institute Center for the Future of Aging. Successful aging in America’s cities has been a major focus for the Center for the Future of Aging in recent years... ...moreRSK: We need to address this here in Southern Wisconsin as well. We have a very intellectual and fit Boomer population that will need these things. |
 The home-sharing platform has offered several novelty lodging opportunities lately, like a stay in Barbie’s mansion or a night in the Goodyear blimp. They earn headlines, and that’s the point. It was a warm August evening in Evanston, Ill., just north of Chicago, when the Wienermobile rolled out the red carpet for a sleepover. Actually, the carpet was green, and not so much carpet as artificial turf. Inside the Wienermobile, the meat brand Oscar Mayer’s signature marketing machine, there was a pullout bed and a mini fridge. There were hot dog sunglasses, hot dog onesies and actual hot dogs with all the accouterments. (But no ketchup: Chicago doesn’t really do hot dogs with ketchup)... ...moreRSK: Is nothing sacred? |
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. |
RSK: Way too cool and it is only the beginning (as Chicago once sang). Ken Notes: The issue becomes finding a place to locate a building like this. |
 Two-thirds of commercial real estate companies are using some type of coworking product, and many of them plan to expand their usage, Cushman & Wakefield said in a new report. The report, which is based on Cushman & Wakefield and CoreNet Global
interviews with 550 commercial real estate executives, says coworking
is beyond an emerging office asset class and more or less a strategic
play that CRE firms must invest in. Not only do two-thirds of the firms interviewed use coworking, the respondents expect their coworking commitments to grow over the next five years.... ...moreRSK: Actually co-working isn`t anything new. Real Estate offices have used it for years before the term was coined. Ken Notes: I think every co-working office managers sgould have to see Glengarry Glen Ross just to see what can happen!!! |
 During Simon Property Group`s Q3 earnings call, CEO David Simon told analysts he believes the worst of this most recent wave of retail closures is over. "I think ... who knows, but I think we`re kind of reaching bottom of that stuff," Simon said. "It`s rivaling what happened in `17. So it`s not like something that we haven`t experienced before, but we know what we have to do." Perhaps aiding that optimism is recent news that Forever 21`s bankruptcy may not result in as many closures as initially thought. The fast-fashion retailer has been able to get rent discounts from its largest landlords as it restructures in the wake of filing for Chapter 11 bankruptcy, National Real Estate Investor reports. ...moreRSK: For some reason, I do not think so...with a late Thanksgiving, retailers will have one less week for the Christmas shopping season. |
Tour Route Map (Link to PDF)Tour Points of Interest Information (Link to PDF)Park 151 Information - Interstate Partners (Link)Sun Prairie Business Park Expansion Area (Link to PDF)Sun Prairie Opportunity Zone Info Sheet (Link to PDF)RSK: In case you were not able to attend, Neil was so kind to put together a link with all the items we discussed, and then some. |
 Annual Membership MeetingNovember 21 @ 8:00 am - 10:30 pmSheraton Madison Hotel - 706 John Nolen Dr Please join us for our Annual Membership Meeting. You will hear from our RASCW and SCWMLS Presidents as they share their state of the organizations. Our guest speaker is Mike Theo, WRA President and CEO. Recognition and awards will also take place. Registration deadline is November 11... ...more |
 Aha, got ya! Catchy headlines can do that, huh? If you doubt it for a moment, raise your hand if you checked out “Bruce Jenner’s love child with Natalie Gulbis” in the latest Enquirer? I thought so! So, a bit of context. I was shopping with my bride of 40 years this week — actually, she was shopping, and I was there for support. She wanted to buy a postage scale. We went to our local Office Superstore/Max/Depot and to our delight, there were five choices – all in stock and ready to follow us home. ...moreRSK: Okay...I get it. Instant gratification but isn`t buying a commercial property a bit more complicated than buying a postage meter? Ken Notes: The key takeaway here is that today`s shopping experience most often begins online, from books to buildings you need to have a presence and buyers need to know what you have to offer. |
 At a time when many investors and investment professionals struggle to find attractive returns in a world of tissue-thin and even negative interest rates — and while wondering about the continuation of the record-long bull market in equities — an asset class long-favored by institutional investors stands out: commercial real estate. Typically underrepresented in portfolios of individual investors, commercial real estate can offer a mix of stability, income, and capital appreciation that many investors and their advisors are seeking. For a better understanding of commercial real estate and its role in portfolios, InvestmentNews Content Strategy Studio recently spoke with financial services veteran Mark M. Goldberg, Chief Executive Officer of Griffin Capital Securities. InvestmentNews Content Strategy Studio (INCSS): Let`s start with a core question that advisors and their clients might ask: Why should commercial real estate be part of an investor`s portfolio? ...moreRSK: Exactly...once you cut through all the jargon it is cash flow, depreciation, debt relief building equity,appreciation....what could be better...oh yes tax breaks. |
 The market for commercial real estate from occupiers and investors has continued to be relatively flat overall in the third quarter. The latest Commercial Property Monitor from international real estate body RICS reveals generally solid conditions for the office and industrial sectors but retail continues to have a tough time as the shift to online shopping remains. Interest from occupiers and investors in retail declined in Q3 2019. For the coming year though, retail should see a modest uptick, while office and industrial sectors look likely to see strong gains, especially in prime markets... ...moreRSK: Basically not much change for CRE momentum in 2020 other than deals will become more scarce at good cap rates....in other words it will no doubt peak out. |
  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:
|
 According to new research from CBRE, even as the
growth of e-commerce has lifted the entire industrial & logistics
real estate sector, a sweet spot has emerged: warehouses smaller than
120,000 sq. ft. CBRE analyzed U.S. industrial buildings by size and found that "light
industrial" properties outperformed the other property types over the
past five years. Specifically, light industrial warehouses measuring
70,000 to 120,000 sq. ft. registered the biggest decline in
availability, down 3.9 percentage points, and the largest gain in
average rents, 33.7 percent... ..."We`ll continue to see strong demand for light industrial facilities
as e-commerce grows, which in turn means we can expect to see
additional strong rent growth for these warehouses," said Chris Zubel, a
Senior Managing Director leading CBRE`s representation of Industrial
& Logistics investors in the Americas. "Light industrial is the
hottest coal in the campfire. ...moreRSK: This is no surprise. Smaller spaces usually have a higher rent per sq. ft. |
 “It was like having a date without going out,” she said. Best of all was the price, an oh-so-right $750 a month, although Small paid that amount only three times during her five-month stay thanks to a 20% introductory discount. WeWork didn’t even mind if she brought her Cavalier King Charles spaniel, Clover, to the office... RSK: Well Neumann, the founder, is a definite winner here. As Bob Dylan once said: "there’s no success like failure." SoftBank is the loser along with a few Landlords. Ken Notes: Remember Co-working was not the problem, the house of cards was. Ithers have been doing this right for decades and have great products that cash flow. |
 Online retail is addicted to speed, especially as Amazon ups the game to make same-day delivery seem normal. That puts the squeeze on everyone else to deliver faster, but it isn`t clear yet how much more speed industrial real estate — existing and planned — can support in the decade ahead. ...moreRSK: The demand for industrial/warehouse space is a bit deceiving. The old warehouses and industrial spaces are far too outdated for modern retrieval systems...the need now is for new buildings with hi-tech and high ceilings for automated storage racks. |
As the tiny house movement sweeps across the US, many are divided on if the downsized life is for them. While some relish in the idea of getting rid of most of their belongings and living simply, others can`t imagine squeezing their lives into a space smaller than 300 square feet. So, what is it really like to live in one of these tiny homes?... RSK: Tiny houses are not for me...I would need about a 1,000 sf and at least a partial basement and at my age crawling up and down in the middle of the night to go to my tiny bathroom...well that "ain`t going to happen" as they say. Ken Notes: I know hundreds of snow bunnies that live out of small campers for months or years at a time, it is a lifestyle and it is NOT a lifestyle for everyone. Imagine walking into our dorms room back in the 70`s. We could take pictures that would turn stomachs, yet we thought we were living the dream (man)... |
 WeWork`s descent from the precipice of an initial public offering into the depths of a corporate rescue has been dramatic — perhaps dramatic enough for its own film. That is the bet Business Insider is making, saying Tuesday that it will be producing a documentary about The We Company, Adam Neumann and where it all went wrong. Partnering with BI on the project is production studio Campfire, which was behind Netflix true crime docuseries The Innocent Man. ...moreRSK: I am sure it will and somehow Neumann will make money on this as well. Ken Notes: Must see TV. Also can I point out that Ralph and I commented on Weworks potential for failure for a couple of years before it actually happened. |
High Point Office Park is an 11-building, 217,418 square foot office park located in one of Madison, Wisconsin’s finest western locations. |
 Key Points
Airbnb, the room-sharing site that plans to go public next year, has more than $3 billion on its balance sheet, according to a person familiar with the matter. Following a report from the Information earlier on Thursday, which showed the company’s loss doubled in the first quarter from a year earlier, Airbnb’s cash position could soothe investors concerned that the company is poised to be the next WeWork. RSK: This is not where Air-BNB wants to believe me! WeWork has awoken many an investor! Ken Notes: TOTALLY different asset, Airbnb does not own, lease, or manage the properties it markets. It is valued based on client base and the percentage it takes for bookings and managing the financial transactions. The only risk is competition and it currently dominates the market. |
 As an F-3 tornado barreled toward a North Dallas Home Depot Sunday night, the retailer`s manager sent everyone home, leaving the store empty 40 minutes before it was destroyed. Given the nature of that property, the level of destruction wasn`t a surprise, according to research compiled by retired engineer and Texas Tech University professor Larry Tanner. ...Grocery stores and big-box retailers are among the riskiest commercial properties to seek shelter in during violent storms, Tanner told Bisnow. These types of buildings have shown consistent vulnerability during his studies.... ...moreRSK: This guy has his priorities straight...safe room for kids rather than new turf for the athletic field. |
 We Co., the beleaguered parent of WeWork, has been quietly building an electronic-gaming business.After branching into co-living with WeLive, fitness with Rise By We and education with WeGrow, the money-losing startup is seeking a Play By We trademark, according to an application published by the U.K.’s Intellectual Property Office last week. It has also hired a handful of staffers, according to people familiar with the matter, who asked not to be identified because it’s private... ...moreRSK: Seriously...what is next for them? I guess where there might be money We might be there... |
 The real estate sector built around cannabis is already worth tens of billions, and could be worth much more as the sector grows. Many lenders want to get in on the ground floor of the booming industry, but even the most adventurous banks are treading carefully as they make inroads into the world of cannabis real estate. “We’re trying to approach this thing wisely,” Radius Bank Senior Vice President of Commercial Real Estate Adam Dubeshter said. “We’re not rushing in. We’re taking strong sponsors and managing our exposure in the industry.” ...moreRSK: It will continue to grow...literally since States will sniff tax money going up in smoke. |
 CBG Annual Holiday Party & MeetingDate: Tuesday, December 10th, 2019 Time: 04:00 PM Event Details: Save the date of Tuesday, December 10, 2019 for our annual Holiday Cocktail Party & meeting with hors d`oeuvres and alcoholic refreshments. We`ll meet at Buck & Honey`s, 800 West Broadway, Monona, Wisconsin. We hope you can join us from 4 p.m. to 7:00 p.m. The location is to be determined. This is one of the most well attended events of the year for CBG members, affiliates, and their guests. We`ll have a short meeting and then it will be time to celebrate with your friends and colleagues. 2018 DOY Presentation with Photos is Here! |
 Traditional tenants in retail centers once scoffed at having gyms in their midst for all the parking spaces they took up. No more. JLL’s research team examined 6,000-plus fitness center move-ins dating back to 2013 and learned that 111,055 fitness centers currently reside in retail centers, an increase of 23.5% since 2010. It predicted continued growth of this segment to more than 120,000 locations by 2024. ...moreRSK: Almost as many as Sub Shops. Ken Notes: gyms, like co-working and apartments are all using the same formula. Spread the costs among many customers. It is always easier for one hundred to pay the rent that it is for one... |
 Nordstrom opened its seven-floor New York City flagship store this week, but experts are cautiously optimistic about what it means for the future....more RSK: This should be interesting to follow. I personally think it will ultimately fail but it is a prime piece of real estate. |
 At the Connect Opportunity Zone conference last
week, investors described some of the exciting projects that this new
economic stimulus program has set in motion. ...moreSkeptics of the Opportunity Zone program claim few deals are being done in the 8,700 designated census tracts beyond the “low-hanging-fruit” that was already in investors’ pipelines. The benefits that allow investors to reduce or potentially eliminate their capital gains tax liabilities, they say, are not really going to investors engaged in the deliberate community renewal that is supposed to be the program’s mission. But at the Connect Opportunity Zone conference in New York City last week, it was clear that community-minded investment is underway in these districts. RSK: Yes the process has been slow mainly because the learning curve and municipal approval process takes time. However, the jury is still out if there will be substantial development in the Zones. |
 Uber’s ex-CEO Travis Kalanick disrupted food delivery in 2014 when he launched Uber Eats. He’s going even deeper with his new venture, CloudKitchens, which received a $400 million infusion in January from Saudi Arabia’s Public Investment Fund, the WSJ reported. It could be valued at about $5 billion.
CloudKitchens is a “ghost kitchen” operator. It takes advantage of tax incentives and cheap property to buy real estate, then builds kitchens for delivery-focused restaurants.
RSK: I am thinking "Ghost Kitchens" are here to stay for a while. |
 November Happy HourNovember 12 @ 4:30 pm - 6:30 pmJoin us for a networking happy hour at the brand new Foxtown Brewing in Mequon! ...more |
 Lease structure is one of the most important concepts for real estate investors to understand. Most people are familiar with residential leases, but commercial properties are leased differently. The triple net lease is a popular lease type in commercial real estate, especially among single-tenant properties. Here’s an overview of the types of leases commercial tenants could potentially sign and what investors need to know about triple net leases. Two main types of real estate leasesWhen it comes to real estate leases, there are two basic types: gross leases and net leases. The main difference is what expenses the tenants are expected to pay. Gross lease definition:... RSK: A bit of a refresher and primer for you newbies. Ken Notes: please do not forget you search CirexNews fro a primer on any CRE topic!!! |
 After rising to recessionary levels, the Chicago-area retail vacancy rate has fallen for the second straight quarter, a positive sign for a market smarting from a wave of store closings and retailer bankruptcies.After rising to recessionary levels, the Chicago-area retail vacancy rate has fallen for the second straight quarter, a positive sign for a market smarting from a wave of store closings and retailer bankruptcies. The local vacancy rate dropped to 10.9 percent in the third quarter, down from 11.1 percent in the second quarter and a recent peak of 11.6 percent last year, according to CBRE. ...moreRSK: A bit of cautious optimism here....I guess that is good news...like stopping the bleeding after most of the blood has been spent! |
 Large institutions are at their most confident about the prospects for
the real estate sector since 2014, and want to pump an extra $135B into
the sector over the next few years. According to the latest annual Institutional Real Estate Allocations Monitor produced by Hodes Weill, global institutional investors
that control $12.3 trillion in assets want to increase their average
allocation to real estate to 10.5%, from a current average of 9.4%. That
means they want to put a combined $135B into the sector... ...moreRSK: Looks like investors still feel real estate is the best value and highest returns. |
 Onetime niche sector has been attracting investor interest in recent years.Once little noticed, the hospitality real estate segment has been growing in prominence during the past decade, becoming one of the highest performing property plays. That’s according to data provider Preqin and investment firm Pro-invest Group. Returns for the hospitality real estate sector have met or outpaced the MSCI US REIT index over one-, three-, and five-year horizons, the Preqin-Pro-invest report indicated. The report said that fund managers have put this capital to use by deploying more than $110 billion into hospitality assets since the beginning of 2015. It also said they are increasingly targeting larger deal opportunities and are diversifying into Asia and Australia. The hospitality industry includes hotels, amusement parks, golf courses, cruise ships, and restaurants... RSK: Wonder what will happen as the economy cools down. Will it still be a darling for investors? |
With the largest Real Estate Practice of any law firm in Wisconsin, Reinhart offers clients custom-tailored real estate insight. |
 Reports: WeWork Agrees To SoftBank Takeover At $8B Valuation. Source- BISNOW But what everyone is focused on is this: “If the current deal framework holds, SoftBank will wind up with at least a 70% stake in WeWork, CNBC reports. Some of its new shares would come from WeWork co-founder and former CEO Adam Neumann, whose erratic management style and outsized ambition were reportedly enabled by SoftBank CEO Masayoshi Son, who had reportedly been a key force in Neumann’s ouster as CEO.” “Though the voting rights of Neumann’s ownership shares had already been pared down from 20-to-1 to 10-to-1, he still possesses enough control to be the ultimate decision-maker on a sale deal, Axios reports. To take control over The We Company, SoftBank will buy $1B in stock from Neumann, pay him a $185M consulting fee and extend him $500M in credit to repay a loan led by JPMorgan, the Wall Street Journal reports.” Source -BISNOW ...moreRSK: I like this one from the Dukester! |
 Key Points
RSK: Will this actually increase sales or are they robbing customers from another location to pay Paul at another...but convenience is the king. Ken Notes: the new retail may be little or no retail space. Also this model can "fit" into any office with the density to support it... |
 Key Points
Jamie Dimon says that he has learned lessons from his bank’s advisory work for WeWork this year, and that he believes the coworking company has a shot to avoid bankruptcy. “I think they’ll have a future life,” Dimon, CEO of J.P. Morgan Chase, said in an interview with CNBC’s Wilfred Frost from the bank’s offices in London.... RSK: I think co-working will survive but not sure about WeWork....Soft Bank has a mess on its hands. |
 Key Points
On the last day of the third quarter, WeWork withdrew its IPO filing and kicked off a desperate race to find fresh capital to keep the business afloat. At the same time, the company was wrapping up a period of breakneck expansion, signing up big facilities in cities like New York, Los Angeles and Boston. According to data just released by real estate firm CBRE and provided to CNBC, WeWork leased a total of about 2.8 million sq ft.... RSK: Yes, landlords will now start to share in the rewards as well as the risks. |
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 |
 Approximately 20,000 Sq. Ft. outside yard space available for lease. Excellent outdoor storage space for various items: automobiles, equipment, etc. Fenced-in gravel lot. Easy access to the Beltline and Interstate 90. Adjacent to Dutch Mill Road, off Femrite Dr. Diagram is approximate. Price negotiable... ...more |
 Join the other successful businesses at this address. Anytime Fitness, US Nails, Subway, Shopko & Droessler Chiropractic. Fantastic second floor 2130 sq.ft. corner suite. Southwest exposure features lots of natural light with lots of open space and windows! Steps from elevator! Perfect for a variety of users! ...more |
 Here`s hoping the private-equity folks Stefano Pessina consulted about a going-private deal talked some sense into him, because the last thing Walgreens needs is tens of billions in buyout debt.But that`s how much the Deerfield-based drugstore chain likely would borrow to fund a leveraged buyout CEO Stefano Pessina reportedly has tried to engineer. The current status of his efforts is unclear, but several media outlets report that he made the rounds of private-equity firms in recent months to gauge their interest in backing what would be the biggest such deal in corporate history... |
 Our roster of restaurants reads like a who`s who of Madison`s favorite eateries: From Monty`s Blue Plate Diner, to The Avenue Bar, to Steenbock`s on Orchard, each is unique in its atmosphere and menu and each is the best at what it does! ...more |
Walmart is closing or has already closed at least 22 stores across 14 US states and Canada. The stores include Walmart Supercenters and Neighborhood Market stores in Arizona, California, Indiana, Kansas, Louisiana, Massachusetts, Minnesota, New Hampshire, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington. RSK: Even the Big Boys are making adjustments. |
The humble hamburger is an icon of American fast food. The question of which chain makes the best burger is a subject of
endless debate. Every time Business Insider publishes a list attempting
to rank fast-food burgers, we are met with endless backlash and
bickering.... RSK: Well, a somewhat skewed survey, but at least we have two of the top 5 in Madison...Culvers and 5 Guys! Ken Notes: You have to understand that In-N-Out is a cult thing complete with all the secret trimmings. Go with a local and order items not on the menu. Try animal burger and animal fries with peppers. it may not get any better that this!!! |
 A wide-ranging report from MSCI dives into the threat to commercial real estate investment posed by climate change.In commercial real estate, as in society at large, climate change is the subject of much attention and research, especially in the wake of several natural disasters that have caused billions of dollars in property damage. For property owners worldwide, climate-related issues carry unprecedented urgency. In its latest study, global equity index MSCI assessed climate risk in private real estate portfolios worldwide, asking the question: What’s the exposure? RSK: If you want to see some climate change just spend a year in Wisconsin and you will get plenty! |
 313 East Mifflin Street is a six-unit apartment building located 3 blocks E. of the Capitol Square in the Capital E. District of downtown Madison. There are 4 One Bedroom and 2 Two Bedroom apartments, distinctive finishes and architectural appeal with hardwood floors, high ceilings, open kitchens and large windows enhance rental appeal. Some off st. parking. Upgraded electrical and new boiler. ...more |
 Just off E. Washington behind the new Hy-Vee. Many suite options ranging from 150 sf to 1,880 sf with rates from $10.00 to $14 gross, depending on size term and TI`s. Landlord pays all. On bus line. Great for non profits, small office/service reps. Interstate and airport a minute away. Agent interest. Controlled storage also available for pharmaceutical reps, suppliers etc... ...more |
 Eclectic Schenks Corners. A bit of old and new mixed in the build out. Up to 2 bays remain 940 sf &1,680 sf. 1,680 sf is perfect for a coffee shop with old brick & beams exposed. Spaces can be combined. Tenant pays utilities. Exposed brick, heating, wood, skylights and more. 2 Units have basement for use. ...more |
Just off E. Washington behind the new Hy-Vee. Many suite options ranging from 150 sf to 1,880 sf with rates from $10.00 to $14 gross, depending on size term and TI`s. Landlord pays all. On bus line. Great for non profits, small office/service reps. Interstate and airport a minute away. Agent interest. Controlled storage also available for pharmaceutical reps, suppliers etc.... ...more |
Sponsor  Offering real estate services and design-build construction solutions for growth oriented clients... ...more |
 Eclectic space at Schenks Corners. Old meets newly remodeled. Includes 2 tenant parking spaces plus street parking. Common restrooms. Basement area included. ...more |
Just off E. Washington behind the new Hy-Vee. Many suite options ranging from 150 sf to 1,880 sf with rates from $10.00 to $14 gross, depending on size term and TI`s. Landlord pays all. On bus line. Great for non profits, small office/service reps. Interstate and airport a minute away. Agent interest. Controlled storage also available for pharmaceutical reps, suppliers etc... ...more |
Eclectic Schenks Corners. A bit of old and new mixed in the build out. Up to 2 bays remain 940 sf &1,680 sf. 1,680 sf is perfect for a coffee shop with old brick & beams exposed. Spaces can be combined. Tenant pays utilities. Exposed brick, heating, wood, skylights and more. 2 Units have basement for use. ...more |
 3000 square feet total with 1400 square feet of office space and 1600 square feet of air conditioned warehouse with a dock door. ...more |
 Office suite with lots of private offices, central conference room and break room. Three story office building of classic style, featuring a large lobby with 2 story fireplace. New parking lot, newer HVAC units. Modified gross lease structure includes heat, AC and electricity. ...more |
313 East Mifflin Street is a six-unit apartment building located 3 blocks E. of the Capitol Square in the Capital E. District of downtown Madison. There are 4 One Bedroom and 2 Two Bedroom apartments, distinctive finishes and architectural appeal with hardwood floors, high ceilings, open kitchens and large windows enhance rental appeal. Some off st. parking. Upgraded electrical and new boiler. ...more |
3979 square feet total flex space featuring 2558 square feet of office space and 1421 square feet of warehouse with drive-in door. ...more |
|
Since 1975, Flad Development & Investment Corp. has emerged as a leader in the development of quality commercial real estate projects in Madison and Milwaukee. |
"The attention to detail, preventative maintenance, and proactive communication exhibited by MIG makes them a true business partner." |
Professional Real Estate Management and Sales |
 Expect Professional Management with a Personal Touch |
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. |
Our focus is your focus, our goals are your goals. |
 For lease on Medical Circle - Up to 4,902 SF Available
call Mike Herl ...more |
 NAI Global is a leading global commercial real estate brokerage firm with over 400 offices worldwide and annually completes more than $20 billion in property-related transactions... ...more |
|
Five flex/R&D buildings - 138,000+ sq. ft. - Hwy 51 and Hoepker Road - High End Image - Affordable and Flexible Floor Plans - Warehouse - R&D, Light Manufacturing - Showroom |
|
