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Ralph Kamps
Ralph Kamps
Editor CirexNews
608.345.2880
Ken Harwood
Publisher CirexNews
608.334.2174
April 2025 Lease Asking Rates
This Weeks Articles for 4/2/2025 ...
- East Washington Ave. income-restricted apartment development to address Madison housing crisis...
- Microsoft halts construction on portions of the $3.3B Mount Pleasant campus...
- Five Years Later - CRE in a Post-Pandemic World...
- Available retail space increases for first time in two years ...
- GSA Releases New List Of Properties Slated For `Accelerated Disposition` ...
- Growing Share Of Industrial Occupiers Buying Instead Of Renting ...
- The Fed Expects Tariff Inflation To Be Transitory. Will That Spare Real Estate? ...
- AI Is Upending The Buildings Life Sciences Tenants Want ...
- New survey highlights insurance challenges for areas beyond the coasts ...
- Trader Joe’s and Aldi are increasing their grip on grocery shoppers: report ...
- How Long Until AI Replaces Commercial Real Estate Analysts?...
- REPORT: Hyundai To Invest $20B In U.S. Manufacturing ...
- Diving Into Breakfast Chains: What “Eggs”actly is Going On With Eggs Right Now? ...
...Full Story Here
Cirex News is emailed weekly to over 2,000 CRE Brokers/Agents and people interested in commercial real estate. Email Ralph or call 608-345-2880 to feature your business or properties in CirexNews...
East Washington Ave. income-restricted apartment development to address Madison housing crisis
Development to help city meet goal of creating 15,000 new homes by 2030, with 25% offering long-term affordability
As Madison grapples with an ongoing housing crisis, a new low-income apartment development will aim to provide affordable housing in the heart of the city.
Bear Development, a Kenosha-based firm with a history of constructing income-restricted housing, has unveiled plans for a seven-story, 223-unit residential building at 501 E. Washington Ave. in Madison, northeast of the Capitol, according to the City of Madison.
Bear Development is committed to creating high-quality properties that add value to the community, according to the firm’s website.
The new development will replace the longtime headquarters of the Wisconsin Manufacturers and Commerce on Washington Ave., which will relocate to 2 Buttonwood Ct., according to In Business.
All units will be rent and income-restricted to accommodate individuals earning 50-80% of the area median income, according to In Business...
Bear Development, a Kenosha-based firm with a history of constructing income-restricted housing, has unveiled plans for a seven-story, 223-unit residential building at 501 E. Washington Ave. in Madison, northeast of the Capitol, according to the City of Madison.
Bear Development is committed to creating high-quality properties that add value to the community, according to the firm’s website.
The new development will replace the longtime headquarters of the Wisconsin Manufacturers and Commerce on Washington Ave., which will relocate to 2 Buttonwood Ct., according to In Business.
All units will be rent and income-restricted to accommodate individuals earning 50-80% of the area median income, according to In Business...
...Full Story Here
RSK: A nice little drop in the bucket.
ABSTRACT Commercial Real Estate LLC
 219 E Main St, Mount Horeb, WI |
 5955 McKee Rd, Fitchburg, WI |
 640 University Ave Madison, WI |
 704 Williamson St Madison, WI |
 5955 McKee Rd, Fitchburg, WI |
 638 University Ave Madison, WI |
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...Full Story HereMicrosoft halts construction on portions of the $3.3B Mount Pleasant campus
MOUNT PLEASANT, Wis. (CBS 58) -- Microsoft has halted construction on aspects of its multibillion-dollar data center in Mount Pleasant.
But it`s unclear why.
The company told CBS 58 they are "fully on track" with construction on the $3.3 billion data center set to open in 2026, but said work has stopped on two expansion sites.
"We have expansion sites in Mount Pleasant where we intend to build additional infrastructure, and we’ve already done preliminary work for those future builds," a Microsoft spokesperson said.
...Full Story Here
RSK: I wouldn`t panic yet....this seems to be typical for Microsoft.
Ken notes: Just thinking out loud here but aren`t all the parts for a data center made outside the US????
ARTIS REIT / Madison Lifestyle Office Portfolio
Madison Lifestyle Office Portfolio comprises 14 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.
Five Years Later - CRE in a Post-Pandemic World
While some economic disruptions were negative, many opportunities emerged that benefited the economy and the commercial real estate sector. Five years later, certain behavioral changes remain, while other aspects of daily life have gradually returned to pre-pandemic norms.
...Full Story Here
RSK: Cities are cool again...especially for living and social needs. Hopefully this will carry over to office use.
The Gialamas Company, Inc.
 8150 Excelsior Dr Madison, WI |
 1289 Deming Way Madison, WI |
 918 Deming Way Madison, WI |
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See All Listings Here...
...Full Story Here
For over 45 years, The Gialamas Company has brought real estate development, brokerage, leasing and building management expertise to the City of Madison and the State of Wisconsin.
Available retail space increases for first time in two years
The recent stretch of store closings has pushed retail space availability to a new two-year high.Commercial real estate data firm CoStar’s newest report reveals that store closures more than doubled in 2024 compared to 2023, pushing the retail space availability rate to 4.8%. This marks the most retail space available for lease than at any point in the past two years.
CoStar says that since the start of 2024, retailers have announced plans to close more than 10,000 stores, with chains like Big Lots, Joann, and Party City closing hundreds of locations. Closures have led retail space availability to increase by approximately 12.5 million sq. ft. since the start of 2025...
RSK: Even though there are a few more vacancies due to closures and bankruptcy, retail demand remains strong. THose spaces will no doubt fill up by successful businesses that are expanding.
Madison Commercial Real Estate LLC
Need to sublet extra office space?
Let our years of experience help you find relief from this excess space and help your bottom line"
Call Ralph Kamps 608-345-2880
SEE ALL LISTINGS HERE
...Full Story Here
GSA Releases New List Of Properties Slated For `Accelerated Disposition`
Nearly three weeks after the General Services Administration posted a list of 443 properties planned for disposition — and then promptly took it down — the agency has put up a new slate of buildings in its place.
The original noncore asset page, which for the past few weeks read “coming soon,” now lists eight properties that it says are slated for “accelerated disposition.” The properties across seven states total just over 2M SF.
Each of the properties had already been announced for disposition in prior slates released during the Biden administration, according to past press releases. None of the properties were part of the 443-asset list posted on March 4.
The page invites interested parties to submit nonbinding term sheets to a GSA email address and says that it will “post additional assets regularly.”...
Each of the properties had already been announced for disposition in prior slates released during the Biden administration, according to past press releases. None of the properties were part of the 443-asset list posted on March 4.
The page invites interested parties to submit nonbinding term sheets to a GSA email address and says that it will “post additional assets regularly.”...
RSK: Ouch!!
Commercial Brokers Group
CBG Happy Hour & CE-1
April 10th @ Revive Restoration
Colleagues,
Please consider joining us for our Continuing Education Class and Happy Hour hosted at Revive Restoration.
Please consider joining us for our Continuing Education Class and Happy Hour hosted at Revive Restoration.
Stay ahead of the game with in-person Continuing Education Classes.
Our upcoming class, CE-1, will cover 3 essential topics:
Our upcoming class, CE-1, will cover 3 essential topics:
- Buyer Agency in Wisconsin
- Contract Drafting in Wisconsin
- When the Wisconsin Transaction Does Not Close
Schedule:
- CE-1 from 1–4 PM (Led by Reinhart Law)
- Join us for the PROGRAM + HAPPY HOUR from 4–6 PM
- Meeting + Happy Hour Registration Begins: 3:30PM
- One Community Bank Commercial Loan Presentation: 4 PM
- Revive Restoration Presentation: 4:30 PM
April 10th
Revive Restoration, 923 Applegate Rd, Madison
Revive Restoration, 923 Applegate Rd, Madison
CARW 2023 Events and Resources
CARW Member Meet-Up with Jeff Collom (Matco)
Thursday, April 10th @5:30 PM (Waukesha Area)
April 10 @ 5:30 pm - 7:00 pm
Introducing CARW Member Meet-up: A New Way to Connect with CARW
CARW is thrilled to unveil the CARW Member Meet-up, a series of gatherings designed to foster authentic connections within our community. These “meet-ups“ are a low-stress way to bring together small groups of members to share meaningful conversations over lunch, dinner, or even a cup of coffee...
Ken Notes: Thank you Tracy Johnson President and CEO of CARW for keeping me in the loop.
Growing Share Of Industrial Occupiers Buying Instead Of Renting
Occupiers of industrial properties are increasingly opting to purchase rather than rent their buildings.
There were 2,504 industrial sales to owner-occupiers in 2024, a 32% increase from the prior year`s total of 1,895, according to a new CBRE report that looked at facilities of more than 10K SF. The trend is contributing to increased industrial property values, the report found. The average sale price of an industrial property was up 5% last year, reaching $152.42 per SF.
CBRE said the trend is fueled by a variety of long-term cost savings implications, including tax deductions, the ability to renovate or customize the space, and using it as a long-term investment. ..
RSK: At some of the asking prices these properties do not make sense for an investor....but make some sense for an owner occupant.
Knight Barry Title Group
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
MADISON: 2450 Rimrock Road, Suite 204, 608-255-2700
CAP SQUARE: 44 E. Mifflin Street, Suite 101, 608-255-2700
The Fed Expects Tariff Inflation To Be Transitory. Will That Spare Real Estate?
President Donald Trump’s ever-changing trade policy has led pervasive uncertainty to take hold across the economy, with questions swirling about rising inflation and how the inevitable next set of tariffs will ripple across markets.Federal Reserve Chair Jerome Powell, attempting to address the concerns of the market, resurrected a relic of the pandemic following the March meeting of the Federal Open Market Committee...
...Full Story Here
RSK: Hope it is not like Biden`s transitory inflation....which is still with us. But the author feels CRE will be okay if it is.
Reinhart
With the largest Real Estate Practice of any law firm in Wisconsin, Reinhart offers clients custom-tailored real estate insight.
AI Is Upending The Buildings Life Sciences Tenants Want
The nascent UK life sciences industry was already negotiating a slowdown in demand as diminished funding for companies chills the clamour for new space.
Now the sector has another quandary to ponder: Artificial intelligence is quickly changing the way tenants use space, and that means the buildings being developed must change as well...
...Full Story Here
RSK: This is very interesting....less lab and more office because AI can do work the lab can extrapolate.
St. John Properties
 6504 Ronald Reagan Ave, Madison, WI |  Madison East Business Center 4602 S Biltmore Ln, Madison, WI |  4602 S Biltmore Ln Madison, WI | |
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...Full Story HereNew survey highlights insurance challenges for areas beyond the coasts
The Federal Reserve Bank of Minneapolis report shows that premiums rose 45% from 2023 to 2024 for apartment owners in the Upper Midwest.
Dive Brief:
- Although it is well documented
that apartment owners in states like Florida, Texas and California have
been hit with significant insurance increases over the last few years, operators in the Upper Midwest are also facing challenges.
- A new survey from the Federal
Reserve Bank of Minneapolis shows that apartment owners in Minnesota,
Montana, North Dakota and South Dakota — four states that lie entirely
within the Ninth Federal Reserve District — saw their annual premiums increase by an average of 14% from 2021 to 2022, 22% from 2022 to 2023 and 45% from 2023 to 2024.
- The average 2024 property insurance premiums reported by the respondents, which included 35 owners who operate nearly 45,000 units, were double those of 2021, more than six times the increase in the Consumer Price Index over the same time period. While median increases were lower, they still outpaced inflation.
...Full Story Here
RSK: And we thought the upper midwest was safer for insurance rate increases because no hurricanes and giant wildfires. Nope! Property damage by demonstrators in a certain party are driving rates up and they are the first to complain about rent increases etc.
Wisconsin Commercial Real Estate
 75 Gasser Rd Wisconsin Dells, WI |
 4711 Farwell St McFarland, WI |
 808 Industry Rd Sauk City, WI |
 426 Gammon Pl Madison, WI |
See All Listings Here...
...Full Story HereTrader Joe’s and Aldi are increasing their grip on grocery shoppers: report
Both chains saw a smaller share of customers visit other stores just before or after stopping at their locations last year than in 2023, according to Placer.ai.
Trader Joe’s and Aldi have increased their hold on grocery shoppers in the U.S., with both retailers showing a drop last year in the proportion of customers who went to a competitor right before or after visiting one of their locations, according to data published Tuesday by retail data analytics firm Placer.ai.
The trend suggests that a growing number of people view Trader Joe’s and Aldi as primary destinations for grocery shopping even though the retailers carry a smaller selection of products than traditional supermarkets, Placer.ai said. In addition, the changes could mean that people are becoming more partial to the small-format chains as they continue to look to stretch their grocery budgets, the research firm noted...
The trend suggests that a growing number of people view Trader Joe’s and Aldi as primary destinations for grocery shopping even though the retailers carry a smaller selection of products than traditional supermarkets, Placer.ai said. In addition, the changes could mean that people are becoming more partial to the small-format chains as they continue to look to stretch their grocery budgets, the research firm noted...
...Full Story Here
RSK: I`m a fan of T Joes and even with a lesser selection the prices are less than most grocery stores. Never been to Aldi`s but heard good things about them. I believe they are looking to expand (hint). Still, hard to beat Woodman`s and their pricing and selection.
Investors Associated
See All Listings Here...
...Full Story HereOne area of expertise for Investors Associated is first class property management. To keep our properties running smoothly, we focus on the little things with the big picture in mind. Our team is comprised of a group of individuals that oversees the day-to-day operations such tenant retention, lease negotiations and property maintenance costs. Bottom line, if you’re not happy, we’re not happy! Check out our properties today and see why you should lease with us.
RASCW Events
Trivia Extravaganza 2025
Thursday, April 10, 2025
(1:00 PM - 4:00 PM) (CDT)
Description
The ever popular Trivia Extravaganza at Vintage Brewing in Madison is back. Please join us for a fun afternoon of trivia, snacks and networking. Limited to 20 teams.When you register make sure to include a creative, or not creative, team name. ...Full Story Here
Park Towne Realty LLC
 7031 River Rd DeForest, WI |
 402 Gammon Pl Madison, WI |
 6730 Odana Rd Madison, WI |
 1117 River Rd DeForest, WI |
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 6808 Odana Rd Madison, WI |
See All Listings Here...
How Long Until AI Replaces Commercial Real Estate Analysts?
Artificial Intelligence has significantly transformed the real estate industry. Initially dismissed by many as rudimentary and error-prone, AI has evolved into a sophisticated and increasingly trusted tool. Today, it assists with a wide range of tasks—from writing listing descriptions to handling inbound inquiries. As the technology continues to advance, its applications within real estate are expanding rapidly. Some investment companies now rely on AI to underwrite deals and research new markets. For now, AI mostly serves as a powerful assistant for analysts rather than a replacement. Many believe that AI will always require human oversight, particularly for complex, high-stakes transactions such as commercial property deals.But, that perspective may be shortsighted. AI has consistently demonstrated that, given enough data and time, it can overcome its limitations and challenge the notion that only humans can perform certain intricate jobs. It is entirely conceivable that AI could eventually handle the full lifecycle of a commercial real estate transaction—from vetting and underwriting to negotiating and closing deals. The real question is not whether AI will be capable of this, but how soon it will happen...
RSK: I would still like a human to look at the data and give their input. How many times have we had an outside broker from a different state represent a client and then pick a site based on demographics....but all of us Brokers here know that is not a good site. Traffic is the wrong way, no one shops in that area etc etc.
Key Commercial Real Estate, LLC
See All Listings Here...
Food Fight
Food Fight Gift Cards...
Food Fight is a locally owned and operated restaurant group with an ever-growing family of unique and diverse restaurants in the greater Madison area. Founded in 1994 by Monty Schiro of Monty’s Blue Plate Diner and local real estate investor Peder Moren, Food Fight Restaurant Group combined their creative vision and business sense with a mission of providing the best possible service and experiences for the greater community.
Gift cards can be redeemed at all of our restaurants for dine-in visits or call-in carryout orders, and they never expire...
REPORT: Hyundai To Invest $20B In U.S. Manufacturing
South Korean automobile conglomerate Hyundai plans to build a $5B steel plant in Louisiana and an automotive plant in Georgia as part of a $20B investment in U.S. onshoring, according to CNBC.
Hyundai Chairman Euisun Chung plans to announce the investment at the White House Monday along with President Donald Trump and Louisiana Gov. Jeff Landry, CNBC reported, citing people familiar with the plans.
The Louisiana plant is expected to manufacture “next-generation” steel to be used in Hyundai’s Georgia and Alabama auto plants for electric vehicle production. Monday’s announcement will also include plans for another plant in Georgia, which would be its third in the U.S...
RSK: Is the plan starting to work? Can people hold on long enough for these auto plants and parts to be constructed?
Mullins Group LLC
 2 E Mifflin St Madison, WI |
 22 E Mifflin St Madison, WI |
 152 W Johnson St Madison, WI |
 1400 E Washington Ave, Madison, WI |
 10 W Mifflin St Madison, WI |
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Diving Into Breakfast Chains: What “Eggs”actly is Going On With Eggs Right Now?
It almost feels like a throwback to the COVID era, with more people raising backyard chickens – but this time, it’s driven by skyrocketing egg prices due to bird flu. So, what’s the trickle-down effect on food and retail establishments? Breakfast-focused restaurants, where eggs are a staple – from classic dishes like eggs with bacon, sausage, potatoes, and toast to essential ingredients in pancakes and waffles – are feeling the impact most acutely. Breakfast Chains Implement Surcharge to Offset Egg Price Spikes
According to a recent USDA report, retail egg prices increased by 13.8% in January 2025, following an 8.4% rise in December 2024. The agency has now revised upwards its initial forecast of a 20% increase in egg prices for 2025 and now projects a 41.1% rise for the year. Data from the U.S. Bureau of Labor Statistics on the average price of a dozen large Grade A eggs also highlights the significant nature of this recent price surge from a historical perspective.To offset this unprecedented surge in egg prices, several breakfast chains have implemented surcharges on egg-based menu items in February. Waffle House introduced a 50-cent surcharge per egg across all its locations. Similarly, Denny`s added surcharges across its 1,500 locations, with fees varying based on regional impacts. Other establishments, such as Biscuitville, also imposed similar surcharges to manage escalating expenses. These measures reflect the industry`s efforts to navigate the financial strain caused by the egg shortage while striving to maintain menu affordability for customers... ...Full Story Here
RSK: Higher income breakfast first goers are not as phased as lower income ones. I sure miss the Egg & I off Todd Drive and the Beltline.
Properties for Lease or for Sale By Company
ABSTRACT Commercial Real Estate LLC |
The Gialamas Company, Inc. |
Artis Reit |
Key Commercial Real Estate, LLC |
Madison Commercial Real Estate LLC |
St. John Properties |
IA Management, LLC |
Wisconsin Commercial Real Estate |
Park Towne Realty LLC |
Mullins Group, LLC |
Crown |
Flad Development & Investment Corp. |
Evans Properties, LLC |
Keller Real Estate Group |
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MIG Commercial Real Estate, LLC |
First Weber Group, Inc - West Towne |
Opitz Realty, Inc. |
First Weber Group, Inc - Prairie Du Sac |
Peterson Management Company Inc. |
The Lenhart Company, Inc |
Scott Faust & Associates |
Shamrock Real Estate Services, LLC |
Targa, Inc |
Executive Management, Inc |
Stark Commercial - East |
Urban Land Interests |
Slinde Realty Company |
Assist-2-Sell/Pohlkamp & Associates |
Berkshire Hathaway Home Services Matson Real Estate |
Artisan Graham Real Estate  |
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Hovde & Hovde, Inc
...Full Story Here
About CirexNews.com
Ralph Kamps
Editor CirexNews
608.345.2880
Ken Harwood
Publisher CirexNews
608.334.2174
Cirex News is emailed weekly to over 2,000 CRE Brokers/Agents and people interested in commercial real estate. It is online at CirexNews.com. All of our articles are archived and searchable. So a search for "opportunity zone" will bring up dozens of articles on the subject.
In our weekly News & Views you can promote your clients properties and your services
call 608-345-2880 for details...
...Full Story Here