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

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Kohl`s to partner with grocers or convenience stores to fill vacant store space
  • Kohl`s plans to partner with retailers like grocery stores or convenience stores to lease space in its stores.
  • The department store has made roughly 300 of its stores operationally smaller, leaving white space.
  • Grocery and convenience stores can be strong traffic drivers.

    Kohl`s plans to partner with retailers like grocery stores or convenience stores to lease the white space left by the roughly 300 stores it has "right-sized" over the past several years, CEO Kevin Mansell told CNBC at ICR`s conference this week.

    The department store has created operationally smaller, more profitable stores within its roughly 87,000-square-foot boxes. That downsizing leaves unused footage, which Mansell said would benefit from traffic-generating retailers like those that sell food.

    "If we had our preference, we are going first after well-capitalized companies, and preferably ones that have high traffic in grocery and convenience," Mansell said...

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RSK: For some reason I am having a hard time wrapping my head around this idea.

Ken Notes: I love this idea and Amazon needs more outlets for food so watch for a partnership here. Whole Foods light -- and for the record Trader Joes runs out of 15K square feet -- Just about what Kohls has freed up...

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RASCW Events

Commercial Real Estate Forecast 2018

January 25, 2018 @ 1:00 pm - 4:00 pm

TDS Conference Center - 525 Junction Road

Presenters:
Jason Zook, IRA Loan Officer, North American Savings Bank, FSB, Kansas City, MO

Christian Beaudoin, Research Director, Jones Lang LaSalle, IP, Inc., Chicago, IL

Matt Wachter, Manager of Real Estate Services Economic Development Division, City of Madison

Registration 1:00 p.m. • Program 1:30 pm

Networking Reception to Follow

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2018 Outlook For Top 4 Commercial Real Estate Sectors
There are several factors that indicate the cycle’s best years are in the past, Colliers International Chief Economist Andrew Nelson wrote in the company’s 2018 Outlook report, including slowing deal volume, eight consecutive months of declining commercial property prices, plateaued cap rates, a widening divide between seller asking prices and buyer bids and investors going in search of riskier assets for better returns....

Office ....

Multifamily....

Industrial....

Retail....

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RSK: Should be another good year overall but not quite as robust as last year.

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Tax Cuts and Jobs Act, January 2018

Special Research Report

New Tax Law Holds Favorable Prospects for Commercial Real Estate; Potential to Boost Space Demand and Capital Flows

New tax law retains key provisions for real estate investors. The highly anticipated tax reform recently signed into law by President Trump retained numerous key commercial real estate provisions. The 1031 tax-deferred exchange, the mortgage interest deduction for investment real estate and asset depreciation had few material changes. This consistency in tax law will enable investors to move forward with most of their existing investment strategies. That said, there are many provisions in the new tax law that will have a more nuanced effect on the sector, and these more subtle adjustments could create significant new opportunities for real estate investors....

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RSK: Good synopsis on how the new tax plan will affect CRE returns and cash flows.

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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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These real estate developments will reshape the Milwaukee area in 2018: Slideshow

Southeastern Wisconsin will be a much different place a year from now thanks to major developments happening across the region....

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Top Economists On Which CRE Sectors Will Benefit Most From Tax Reform This Year

The overhaul of the tax code President Donald Trump signed into law Dec. 22 represents a win for commercial real estate as a whole, economists say, but some sectors will benefit more — and sooner — than others as a result.

The retail sector will likely be the biggest beneficiary, Colliers Chief U.S. Economist Andrew Nelson said, because of the lowering of the corporate tax rate. The tax reform law reduces the corporate tax rate to 21% from 35%, but because of deductions, not all types of businesses had effectively paid that same higher rate...

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RSK: Looks like retail is the supposed winner.

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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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A Blockchain Future? Cryptocurrencies Gaining Traction in Real Estate Industry

Bitcoin started out as blockchain technology with an innovative ideology for a more secure monetary future, and is now taking hold in the real estate world. Bitcoin and other cryptocurrencies, although not yet mainstream, show promise in an industry that typically prioritizes buyers who can provide secure funds for a property in a short amount of time.

Widely misunderstood, cryptocurrencies work through blockchain technology that creates a linear series of blocks of code, which are then used to create a record of each transaction and its access point. The technology uses unique access codes that can be used from nearly anywhere in order to share data in a transaction. Essentially, Bitcoin and other forms of blockchain currencies cut out a central authority, using varying individuals to authorize the payment in order to ensure an impartial and secure transaction...

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RSK: You will see Bitcoin and other similar currencies used in CRE more and more. Landlords will love it.
Ken Notes: I do not think so, but I do think traditional E transfers will continue to play a larger role. Unless of course your tenant is name Guido and carries a violin case with no apparent musical skills...

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Courting Co-Working Grads, Landlords Creating Spec Suites Around Common Amenity Spaces

With many startups today growing up in co-working spaces filled with large, shared common areas, owners leasing more traditional office suites are increasingly embracing shared amenities to target companies in their next stage of growth.

Several office landlords across the D.C. area have recently taken vacant floors and built a group of ready-to-move-in spec suites around large shared amenity spaces, a concept they say is catching on quickly...

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RSK: Wonder why it took so long for this concept to catch on.

Ken Notes: Madison has room for more options especially downtown. Especially a little upscale like Regus - They have great options on the beltline...

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Building For Lease: Landmark Building - 2901 W. Beltline Hwy

Convenient central location with Beltline frontage off Todd Drive/Seminole Hwy. Currently occupied, but will be available April 1, 2019. 7,047 RSF... Gross Lease!

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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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Why the Commercial Real Estate Tech Boom Won’t Last Forever…

2017 was such an amazing year in the commercial real estate tech space. Our own platform tripled in size in terms of users, revenue and engagement. Yes it’s a reflection of our amazing team but it’s also that the CRE tech tide is rising and our vessel is clearly a beneficiary. And many others are benefiting as well. It’s a wonderful time to be in CRE tech as the industry feels like it’s about to really explode in growth, investment and engagement.

But for how long?

Is this momentum sustainable?

There must be a correction on the horizon right? There always is in every cycle!

Where are the storm clouds forming?

Is it lack of funding that will cause a correction? Is it a reflection of a larger tech bubble that is going to burst? Is it the overall economy?

In my opinion, it’s actually none of that. ...   ...more

RSK: There will always be a new wave of tech coming at you...some you will have to adapt to or fall behind...others just a flash in the pan. Either way owning real estate is the fundamental key here and tech may just help you in that arena. Personally I love seeing new things come my way.

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Building For Sale: Tarver Graphics, Inc. - 4502 Tompkins Dr Madison WI
8,500 sq. ft. Approximately 6,500 sf of warehouse & 2,000 sf of newer office. 14` drive in door and 1 loading dock. Large lot with room for expansion. 2 restrooms. Shop area is very clean with 16`ceilings, air filtration and handling. 1000 Amp service, break room kitchenette, server room. Storage shed. 39,000 sf lot room for expansion...
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Building For Lease: Cornerstone Building - 6418 Normandy Ln Madison WI

Excellent building providing tenants choice of fiber-optic provides and solar powered AC system. The building also features atrium entry lobby, shared conference room, recently redecorated common areas, new building facade. Available suite has kitchen, data center, reception, several private offices and open space for systems furniture arrangement.

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CBG events...
2017 Deal of the Year Celebration (Save the Date)
Date: Wednesday, February 7th, 2018
Time: 05:00 PM

Event Details:
Save the date! Join us for a cocktail party/meeting to celebrate the 2017 Deal of the Year Awards at the Elks Lodge, 711 Jennifer Street, Madison. Everyone is welcome to arrive at 5:00 p.m. with the awards ceremony beginning at 6:00 p.m. Be sure to attend!
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Building For Lease: 710 Watson Rd Madison WI
6,600 sf to 8,200 sf of heated and hard to find sprinklered warehouse space. 2-3 loading docks with levelers, 22` high ceilings. Easy access to Beltline Hwy East or West and interstate. Limited use of drive in door. Gross lease. Currently used for pallet storage by owner. Nice clean space.   ...more

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Pet owners show preference in purchasing from brick-and-mortar stores

Although there has been an uptick in e-commerce when it comes to pet owners, many prefer to purchase products such as food for their four-legged family members from brick-and-mortar locations like PetSmart and Petco.

This information comes from the latest market research report from Packaged Facts titled, Pet Food in the U.S., 13th Edition. The report takes a look at the comprehensive overview of the market size, projections, cross-market-trends and acquisitions. The report also studied the wide range of products available to consumers which contain special claims, exotic proteins and grains aimed towards winning over pet owners...

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RSK: I am a dog owner Golden Retrievers to be exact and I shop both. Food mainly from store other things from on line. Cost too much to ship the large bags of food for me. But I am sure this will change soon as well.

Ken Notes: This is a perfect example of the "last mile" problem.

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High Point Office Park



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

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Another Open Letter To Doug Curry? Not This Time!

Well, well, well, well, here we are on a frigid afternoon at the beginning of 2018 and what pops into my inbox but this:
Doug Curry Launching New Company To Compete With CoStar. -BISNOW
Now, of course, I had heard rumors, actually, I was asked by a friend about “investing” but that’s another story altogether.... For a bit of context just in case:
CoStar’s Next Competitor Lawsuit Target: Xceligent. -BISNOW
Xceligent Files Antitrust Suit Against CoStar, Alleges Years Of Anticompetitive Behavior. -BISNOW
Xceligent Contractor Supports CoStar’s Data Theft Claims.-BISNOW
Doug Curry Out As Xceligent CEO.-BISNOW
News Xceligent Owner Writes Its Value Down To Zero, Is Reviewing All Business Options.-BISNOW

And with that we now have:
Welcome to Intrepid CRE....

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RSK: A good one by the Dukester. If you have been following the Xceligent fiasco it is a must read. Remember...we Brokers own our data so why do we give it to someone else and then pay them to get it back?...

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Xceligent founders abandon plans to launch new data business
Xceligent trustee allegedly threatened legal action over noncompete

UPDATED, Jan. 9, 12:17 p.m.: Doug and Erin Curry abandoned plans to launch a new commercial real estate data company, citing the specter of legal action by the trustee of their former employer, Xceligent.

“Doug and Erin have been notified by the Trustee in the Xceligent bankruptcy that it intends to vigorously enforce our 2012 agreements that include nonsolicitation and noncompete language” Erin Curry wrote in a statement shared with former employees and customers via Facebook and email that was reviewed by The Real Deal. “We are concerned with the risk and cost of pursuing the Intrepid CRE Initiative at this time and have decided not to go forward.”...



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RSK: And on that note as Bugs Bunny and Porky Pig would say "That`s All Folks"! Honestly, I do not know why the brokers do not get together and create their own data base and reap the rewards themselves. We wouldn`t have this mess if they did.

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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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Our Four Top Real Estate Podcasts for 2018

Is one of your resolutions to listen to more podcasts? Well, if it isn’t, it should be. Podcasts have become a great way to stay educated on issues, keep up to speed on current events, or learn more about your industry during your morning commute or even while taking a long shower.

For the busy real estate professional, listening to podcasts can be a great way to make sure you’re at the top of your real estate game! Here are just a few of our favorites you should subscribe to in 2018.

BiggerPockets

Commercial Real Estate Show

The Real Estate Guys Radio Show

Real Estate Realities with the Rebel Broker

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RSK: I have not listened to 2 of these but I will be now. I suggest you do the same and listen to podcasts more often. Good way to keep abreast of the market. (or anything for that matter)...

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Building For Lease: Arbor Gate 2601 W. Beltline Hwy WI 53713

Here`s your chance to lease a suite in the iconic (fully occupied) Arbor Gate building next year! 50,000 SF (Divisible) will be available April 1, 2019. The SF are spread across floors 3, 4, 5, and 6 with spectacular views of the Arboretum.

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2016 / 2017 Event Calendar

JANUARY 2018

January 16 | 4:30 – 7:00 PM
Rainmaker
EUA

January 22 | 11:45 AM-1:15 PM
Lunch and Learn
CARW Training Room

January 31 | 8:00 AM – 12:00 PM
Government Day

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RSK: A list of CARW Events and CE.

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Building For Lease: McAllen Truax Business Park 1914 Wright St Madison WI

10,000 - 36,000 Square Feet flex/office/lab/warehouse for lease on Madison`s east side adjacent to Covance and MATC. Proposed building available 6-9 months after lease execution. Spaces customizable to tenant needs. Loading docks and drive-in doors available. Industrial Limited (IL) Zoning. One minute to Highway 51 (Stoughton Rd). Four minutes to Dane County Regional Airport...

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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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NEW January 2018 - Cirex Digital Version

View Our Digital Version Online Here

Subscribe to Real Estate CIREX Digest

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

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

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

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

Landmark historic Madison restaurant on the market for the first time in 41+ years as the owners are ready to retire. 5,561 SF building on a 1.04 acre lot with plenty of parking. Sale also includes a rental property located on the adjacent parcel at 2912 E Johnson St. consisting of 3 apartments - one 2 bedroom - 1 bath unit on the first floor and two efficiency units on the 2nd floor...


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Building For Sale: 1650 Pankratz St Madison WI

14,800 SF one-story building, 100% occupied in a business park on the growing north side. 40,000 vehicles per day. On City bike path and bus line. Easy access to Interstate, minutes to downtown, Dane County Regional Airport, Madison College...

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Introducing CRE Investment Analysis Fundamentals

A complete online course that walks you through the entire commercial real estate investment analysis process step-by-step with easy-to-follow videos and done-for-you templates

By far the most common questions we get at PropertyMetrics all have to do with the fundamentals. People get stuck on the math for a particular calculation, don’t know how to interpret various investment measures, or sometimes have a hard time seeing the big picture without losing sight of all the details.


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RSK: If you cannot afford the more extensive CCIM Course on this it is a good start.

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Knight Barry Title Group

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

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Evans Properties, LLC.

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Professional Real Estate Management and Sales

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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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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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IA Management

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