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Commercial Broker News and Project Notes...

Need a primer on a commercial subject -- try searching CirexNews: Search Here!

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

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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Madison Area Lease Rates

Asking rates Office from 11/01/12 – 11/30/18

Office Rates | East: $12.72 | Central:$18.26 | West: $14.71

Asking rates Office Warehouse from 11/01/12 – 11/30/18

Office/Whse Rates | East: $6.13 | Central: $8.31 | West: $6.69

Asking rates Retail from 11/01/12 – 11/30/18

Retail Rates | East: $12.36 | Central: $21.09 | West: $16.15

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RSK: Courtesy of Cirex & Property Drive...

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CBG NOTES: events
CBG Annual Holiday Party & Meeting
Date: Tuesday, Dec 11th from 4-7
Location: Lucille, at 101 King Street
Time: 04:00 PM

Event Details:
Save the date for our annual Holiday Cocktail Party & meeting with hors d`oeuvres and alcoholic refreshments. More details to follow. We hope you can join us from 4 p.m. to 7:00 p.m. on Tuesday, December 11. 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. Contact Wendy with any questions at 772-0060. ...

Congrats Deal of the year winners...  Presentation Here!

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Ken Notes: If you need to update or place an event in CirexNews or WisconsinDevelopment.com give us a call... Ken 608.334.2174

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Landlords And Developers: Chill, You Don`t Need The Most Advanced Smart Buildings
You could forgive office owners and developers for having sensor envy. Given the hype around smart buildings and the way that technology will change the workplace, and hence offices, it would be easy to think you need to have the smartest, most technologically advanced building to have any chance of finding a tenant in the future.

Actually, just chill and don’t overdo it was the message from one of the world’s biggest professional services firms and office occupiers and other members of a panel on smart buildings and flexible working at Bisnow’s London State of the Market event...
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RSK: I agree...unless you can afford it. Guess it is like getting the latest iPhone...do you really need it?

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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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Facebook opens small business pop-ups in nine Macy`s stores

Facebook is bringing around 100 digital-native brands and small businesses that have found success on the social network and Instagram to physical retail locations. It`s opening pop-ups at nine Macy`s stores as the holiday shopping season gets underway.

The Facebook Small Business Pop-ups opened Monday in New York City, Pittsburgh, Atlanta, Fort Lauderdale, San Antonio, Las Vegas, Los Angeles, San Francisco and Seattle, and they will be available until early February. The brands featured at the pop-ups include Love Your Melon, an apparel brand that`s helping the fight against pediatric cancer; Charleston Gourmet Burger Company, which sells a burger marinade; and Two Blind Brothers, a clothing company that donates all of its profits to research for a blindness cure.

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RSK: One of the stanchions of internet-based marketing going brick n mortar? Yes!

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Breathing new life into Madison’s most distressed areas

Private investment into economically disadvantaged “Opportunity Zones” could be the key to new growth in Greater Madison.

Thanks to a new economic development tool created under the 2017 Tax Cuts and Jobs Act, Greater Madison could soon see some changes to some of the region’s most economically challenged areas.

The Opportunity Zones program is designed to spur private investment in distressed communities by allowing private investment through tax incentives that are designed to accelerate economic growth and job creation.

In March 2018, 120 areas of Wisconsin were deemed eligible for the program based in part on the number of low-income households in each area, including 11 in Dane County.
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RSK: Great article by In Business Mag on this subject...definitely worth the read.

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Building For Sale: Paoli Creamery -- 6858 Paoli Rd

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

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Ken Notes: Now this is a destination property!

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Digital meets physical in the retail experience of the future
The future of retail isn’t robots, lasers and holograms — it’s experiences, service and speed, all powered by subtle technologies that the customer barely sees. With a background that includes innovations like the interactive mirrors found at Rebecca Minkoff and Ralph Lauren, ZIVELO CEO Healey Cypher is helping create the behind-the-scenes tech that brings the best of the online world into physical retail...   ...more

RSK: Brick n mortar retail and on-line shopping keep morphing...love it. Not quite there yet, however.

Ken Notes: I delivered a Keynote for an Illinois chamber dinner titled It is no longer Location, Location, Location it is Destination, Destination, Destination and the experience when you get there! - The new retail...

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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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Blistering Demand For Industrial Space Drives Up National Occupancies, Sets Off A Wave Of Development

U.S. industrial absorption is on track to finish 2018 with its third-strongest net occupancy growth this cycle, behind only 2016 and 2014, according to Cushman & Wakefield`s Q3 2018 report on the industrial market. That finding agrees with other recent assessments of the market...Moreover, the outlook is bright for more occupancy growth across all classes of industrial product. The combination of limited new product and high utilization rates for existing footprints will mean strong performance for Class-A product, but also improved performance for Class-B and C product. ..

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RSK: I would assume this is because one sector cannibalizes another.

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NOVEMBER! 2018 - Cirex Digital Version

  • Hundreds of property listings, organized for easy browsing.
  • New properties are featured every month.
  • Property/Drive CIREX Members alphabetically listed in our extensive directory.
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From Gentrification To Lack Of Guidance, Investors Express Concerns With Opportunity Zone Program

Commercial real estate owners, developers, brokers and investment managers have a variety of concerns about the new Opportunity Zone program that gives a tax break to investors who invest through an opportunity fund into a designated opportunity zone. More than 200 of them shared those concerns in Bisnow`s recent survey about the program.

One survey participant called the program “gentrification on steroids.” 

Another respondent said the nuances of the program — even with a new round of guidance from the U.S. Department of the Treasury — are still confusing and may turn off investors...

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RSK: The National look at Opportunity Zones....in other words, it is still in its infancy and not much guidance out there at the moment.

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Hoepker Corporate Center / St, Johns Properties
St. Johns
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Hoepker Corporate Center -Five flex/R&D buildings - 138,000+ sq. ft. - Hwy 51 and Hoepker Road - High End Image - Affordable and Flexible Floor Plans - Warehouse - R&D, Light Manufacturing - Showroom

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Focus: Ahold ups stakes in U.S. grocery war with mini-"robot supermarkets"
EINDHOVEN, Netherlands/NEW YORK (Reuters) - Grocery group Ahold Delhaize will roll out small, automated warehouses to speed order picking and cut delivery times, Reuters has learned, as it revamps its ecommerce business in response to rising competition in a fast-growing sector.    ...more

RSK: Wonder if this would work here. I assume it might with careful planning and locations.

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The Unisphere: Largest Commercial Net Zero Building in the United States

United Therapeutics (UT) is a publicly traded biotech company with a mission to develop treatments for rare diseases. UT has an overarching commitment to environmental sustainability, which is reflected in the design and operations of our facilities. It strives to create practical, beautiful and inspiring spaces for employees to do their incredibly important work. UT views its buildings as physical manifestations of its values, and there is no better such example than the Unisphere. It is designed to be site net zero energy, meaning that the building generates enough renewable energy onsite to offset 100% of the energy that it consumes over the course of the year. At 135,000 square feet, it is the largest commercial net zero building in the United States. 

To achieve the net zero goal, the facility includes various sustainable features including 3,000 photovoltaic panels, geo-exchange wells, a high-performance curtainwall with electrochromic glazing, an earth-coupled heating/cooling system, an automated natural ventilation system, daylight harvesting, and a thermal pool. Other features include green roof terraces that help reduce rainwater run-off, electric car charging stations, and eco-friendly furniture.

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RSK: Wow!

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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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Starbucks To Open 2,100 New Locations In 2019 After Strong Quarter

Just four months after announcing it was pumping the brakes, Starbucks is back to ramping up its footprint with an aggressive expansion plan.

The coffee giant plans to open 2,100 net new stores in the United States and China in the 2019 fiscal year, UPI reports. The new growth plan is driven by a strong quarter, the results of which the company released on Thursday...

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RSK: That is very aggressive on expansion. As my Mother used to say, "Not for all the tea in China" I guess it is "...for all the coffee in China" now.

Ken Notes: Did I mention destination retail is about the experience????

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How Offices Will Look In 2025

The world of work is constantly changing and new trends emerge every month. How will the digital age impact offices? And what will they look like come 2025?

Our turbulent relationship with the office is on a downturn — we just don’t love it right now. Increasingly, we are led to reimagine unconventional spaces that enable us to work in a more flexible, less restricted manner. In an effort to appeal to the largest segment of the workforce, traditional offices are being dismissed as millennials enforce their combined work and leisure values, and thrive in open spaces...

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RSK: Interesting about high-end restaurants opening their doors during the day for co-working space....hmmm.

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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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After A Cautious Start, Dollar General Poised To Invade Cities With Its DGX Concept

As a budget chain, Dollar General has had its best success in rural and suburban markets, but now the chain is looking to make deeper inroads into cities, even into gentrifying urban cores better known for hipster boutiques. The chain has rolled out a new concept to do so: DGX.

So far there are only three DGX stores nationwide, compared with about 15,000 standard locations. But Dollar General Corp. CEO Todd Vasos wants to open another 13,000 stores in the coming years.

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RSK: 13,000 new DGX stores? I thought Starbucks was being aggressive!

Ken Notes: Living in Albany, DG is the ONLY store and the experience is pretty good. Like our Kwik Trip, I see a market for these. In fact I would love to know how the Madison Kwik Trip is doing...

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

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

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2018 Event Calendar

Wisconsin New Developments in Commercial Real Estate (Course 3)

November 15 @ 8:00 am - 11:30 am

Course highlights new commercial legislation and revised forms and focuses on pending and proposed legislative and regulatory changes, as well as other potential changes to licensing regulations for commercial real estate.

Dates: November 15 | Time: 8:00-11:30 a.m.
Instructor: Cori Lamont, Wisconsin REALTORS® Association (WRA)

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RSK: A list of CARW Events and CE.

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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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PointGuard. Building Analytics With Real Empowermant, Real Performance, Real Profits.

Abundant Power is proud to announce the launch of PointGuard, their rebranded analytics arm. Abundant Power started in 2009 as a specialty finance firm for funding energy efficiency projects. Through that endeavor, the company was looking to find transparency and business case data for those projects — leading to the creation and development of an analytics platform in 2015.

The platform offers powerful analytic tools to help improve building performance, by capturing all the points coming from BMS data and using customized algorithms to turn it into meaningful information. The platform is used by facility teams, mechanical controls contractors, and building portfolio owners...

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RSK: If you are in property management or an owner for that matter....read this.

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RASCW Events and updates

Save the Date
2019 RASCW Commercial Real Estate Forecast
Wednesday, January 23, 2019


TDS Conference Center, 525 Junction Road, Madison
Registration 1:00 pm • Program 1:30 pm Networking Reception to follow...

Annual Membership Meeting 2018

November 15 @ 8:00 am - 10:30 am

Sheraton 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 7.

Please see the event flyer for all the details.

Annual Membership Meeting 2018

New Developments for Commercial Brokers 2018 Review

Adam Sayer, Director of Planning and Development, City of Verona
click here for presentation

Michael Zimmerman, Assistant City Administrator/Director of  Community & Economic Development, City of Fitchburg
click here for presentation

Mike Davis, City Administrator, City of Middleton
click here for presentation

Tax Reform, Josh Ganshert, Baker Tilly
click here for presentation

Key Legal and Regulatory Updates, Tom Larson and Cori Lamont, Wisconsin REALTORS® Association
click here for presentation

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RSK: In case you missed the RASCW Commercial Update Seminar a link to the powerpoint presentations is above. Worth the time to go over it.

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Knight Barry Title Group

                       608-255-2700  www.KnightBarry.com
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With over 350 experienced real estate professionals, Knight Barry provides exceptional support and service. Visit our website for more information about our 50+ commercial and residential offices throughout Wisconsin, Michigan, and Minnesota.

MADISON: 2450 Rimrock Road, Suite 204, 608-255-2700
CAP SQUARE: 44 E. Mifflin Street, Suite 101, 608-255-2700

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Opportunity Zones PDF
This document contains proposed regulations under section 1400Z-2 of the Code that amend the Income Tax Regulations (26 CFR Part 1). Section 13823 of the Tax Cuts and Jobs Act, Pub. L. No. 115-97, 131 Stat. 2054, 2184 (2017) (TCJA), amended the Code to add sections 1400Z-1 and 1400Z-2. Section 1400Z-1 provides procedural rules for designating qualified opportunity zones and related definitions. Section 1400Z-2 allows a taxpayer to elect to defer certain gains to the extent that corresponding amounts are timely invested in a QOF.
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RSK: The government`s viewpoint on Opportunity Zones rules and regs.

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Building For Lease: Waunakee Business Center Moravian Valley Rd & Frank H St Waunakee WI

"New Construction" flex building available for lease Fall 2018, space available 2,525-40,733 square feet, build-to-suit offices, dock & drive-in loading, 16` clear ceiling height, wet sprinkler.

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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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Qualified Opportunity Zones

What are they?

Congress created the federal Qualified Opportunity Zone (“QOZ”) program in the 2017 “Tax Cuts and Jobs Act” to encourage economic growth in underserved communities through tax benefits to investors. U.S. states and territories, including Washington, DC, nominated areas (by census tract) to be designated as QOZs in 2018, and the IRS and Treasury finalized the designations that year. This program presents opportunities for real estate investment and development in distressed communities.

How does the program work?

Forming an Opportunity Fund:

Fulfilling the “90% Assets” Requirement:

QOZ Business Property Requirements:

What are the tax benefits?

For capital gains reinvested into an O Fund:

For future capital gains on investments accrued while in an O Fund:

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RSK National Realtors look at Opportunity Zones.

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

Suite C-E, 2400 square feet of warehouse with 3 dock doors. 6600 square feet of open concept with 16` ceiling and AC for light production, showroom or office use.

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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 Lease: Waunakee Business Center II 201 Moravian Valley Rd Suite D-E Waunakee W

201 Moravian Valley Rd. Ste. D-E Waunakee, WI. 6,000 SF total with 1,200 SF Office & 4,800 SF Warehouse. Dock Door and Drive-in ramp, 16 foot clear ceiling height.

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

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

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Evans Properties, LLC.

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Professional Real Estate Management and Sales

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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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IA Management is a full service property management company located in Madison, Wisconsin. Our objective is to be a profitable leader in both commercial and residential real estate.

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Wisconsin Commercial Real Estate

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

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Madison Commercial


For lease on Medical Circle - Up to 4,902 SF Available
  •     Currently being remodeled with new elevator
  •     Open floor plans
  •     Under new ownership
  •     Beltline visibility & monument signage
  •     Plenty of parking

call Mike Herl

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Masters-hall Appraisal

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Ruedebusch Development & Construction

Ruedebusch Development & Construction, Inc. is a highly qualified, vertically integrated full service commercial construction, and real estate development company located in Madison, Wisconsin which offers:

  • Commercial Real Estate Development
  • Design Build Construction
  • Commercial Real Estate Brokerage
  • Economic Development, Commercial Real Estate, and Facility Consulting
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