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...
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. ...more
Thanks and have a great weekend!
- In the
majority of the top 10 millennial markets, the unemployment rate is
lower than the national average and home prices are generally lower.
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
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
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.”...
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...
- 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
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...
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.
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... ...more
RSK: Even with all the tax incentives of OZ`s, the investment still needs to make sense economically without them.
2019 RASCW Commercial Real Estate Forecast
May 29 @ 1:30 pm - 4:00 pm
TDS Conference Center - 525 Junction Road
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
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!
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. ...more
RSK: Here is a map of OZ`s in Wisconsin.
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... ...more
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...
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.
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... ...more
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...
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. ...more
RSK: Creative industrial space being driven by demanding millennials for play rather than work space. Interesting but maybe we should embrace it.
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! ...more
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.... ...more
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.
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... ...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 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.... ...more
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.
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... ...more
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.
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... ...more
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.
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. ...more
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
Grand Prize Drawing:
BADGER FOOTBALL TICKETS VS. MICHIGAN ON 9/21
Row 10 in Section E. which is near the 50 yard line.
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....
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
"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." ... ...more
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...
“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
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.
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.
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...
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.
- 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.
RSK: Oh no....is nothing sacred? Guess we will have to bring more beverages to the party and no funny voices either.
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
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
- 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.”
- 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...
RSK: Investing in yourself. Could be good or could be a double whammy. Could be why they pulled the beer selection back to 1?
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. ...more
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. ...more
Madison Lifestyle Office Portfolio comprises 16 Class A properties totaling over 1.7 million square feet of leasable area and an additional 8.3 acres of development land. The portfolio is located on the west side of Madison, Wisconsin.
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... ...more
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...
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. ...more
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.
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?
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...
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.
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. ...more
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. ...more
High Point Office Park is an 11-building, 217,418 square foot office park located in one of Madison, Wisconsin’s finest western locations.
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... ...more
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.
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
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.
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.” ...more
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.
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… ...more
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.”... ...more
Walmart is turning over more spaces across the front of its huge
Supercenters to an operator of pet clinics and bringing the service to
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... ...more
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!
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.
With the largest Real Estate Practice of any law firm in Wisconsin, Reinhart offers clients custom-tailored real estate insight.
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... ...more
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.
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. ...more
RSK: 225 new locations is about right for Planet Fitness and joining forces with some Kohls Stores is an excellent idea.
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
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...
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."
3400 square feet total with 2200 square feet of office space and 1200 square feet of warehouse with drive-in door. ...more
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 AMEvent Details:Mark your calendar for our breakfast meeting and CE-2 Wisconsin
Offers to Purchase on Wednesday, June 12, 2019. The breakfast meeting
• 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 email@example.com.
- 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....
RSK: This is what I am talking about! So much valuable land mass might as well make malls into neighborhoods.
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... ...more
RSK: This could very easily creep its ugly head into commercial real estate.
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
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.
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 promises, a body of anecdotal evidence suggests that sharing a workspace with dozens of other companies can create a disruptive, unproductive environment... ...more
RSK: Is it just me or did the author not really answer the question?
The strong economy and the e-commerce boom are fueling demand for space where companies make, store and distribute their goods. ...more
RSK: Probably getting close to the low for vacancy.
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. ...more
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
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... ...more
Ken Notes: Now this is a destination property!
- 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.
RSK: None in Wisconsin...yet! But again do we need a drug store on every other corner?
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... ...more
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...
- 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...
RSK: Food Trucks people...food trucks!
Formerly pizza store, large parking field for customers, multi-tenanted facility. 20,800 vehicles pass this location each day... ...more
Offering real estate services and design-build construction solutions for growth oriented clients... ...more
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
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
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. ...more
Thanks you for sponsoring CIREX and Cirexnews.com ...more
The Gialamas Company`s premier development. The park has over 57 buildings containing 200+ companies, occupying over 3.0 million square feet.
"The attention to detail, preventative maintenance, and proactive communication exhibited by MIG makes them a true business partner."
Professional Real Estate Management and Sales
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.
Expect Professional Management with a Personal Touch
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(608) 575-1018 or Contact@TWallEnterprises.com ...more
Our focus is your focus, our goals are your goals.
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
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
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
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