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- 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.
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,"
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...
January 25, 2018 @ 1:00 pm - 4:00 pm
TDS Conference Center - 525 Junction Road
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 ...more
RSK: Should be another good year overall but not quite as robust as last year.
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.... ...more
RSK: Good synopsis on how the new tax plan will affect CRE returns and cash flows.
Expect Professional Management with a Personal Touch
with every T. Wall Urban Village.
(608) 575-1018 or Contact@TWallEnterprises.com ...more
Southeastern Wisconsin will be a much different place a year from now thanks to major developments happening across the region.... ...more
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... ...more
RSK: Looks like retail is the supposed winner.
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.
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... ...more
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...
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... ...more
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...
Convenient central location with Beltline frontage off Todd
Drive/Seminole Hwy. Currently occupied, but will be available April 1,
7,047 RSF... Gross Lease! ...more
The Gialamas Company`s premier development. The park has over 57 buildings containing 200+ companies, occupying over 3.0 million square feet.
2017 was such an amazing year in the commercial real estate tech space. Our own platform
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
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?
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.
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... ...more
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
2017 Deal of the Year Celebration (Save the Date)
Date: Wednesday, February 7th, 2018
Time: 05:00 PM
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!
6,600 sf to 8,200 sf of heated and hard to find sprinklered
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
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
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... ...more
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.
Affordable. Versatile. Excellent visibility. A unique gem tucked alongside Madison’s West Beltline Highway 12/14...
Well, well, well, well, here we are on a frigid afternoon at the beginning of 2018 and what pops into my inbox but this: ...more
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....
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?...
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
“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.”...
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.
With the largest Real Estate Practice of any law firm in Wisconsin, Reinhart offers clients custom-tailored real estate insight.
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.
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. ...more
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)...
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.
January 16 | 4:30 – 7:00 PM
January 22 | 11:45 AM-1:15 PM
Lunch and Learn
CARW Training Room
January 31 | 8:00 AM – 12:00 PM ...more
RSK: A list of CARW Events and CE.
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... ...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
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Offering real estate services and design-build construction solutions for growth oriented clients... ...more
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...
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... ...more
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. ...more
RSK: If you cannot afford the more extensive CCIM Course on this it is a good start.
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.
Professional Real Estate Management and Sales
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.
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.