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CirexNews - CRE and Investment News | ||||||||||||||||||||||||||||||||||||
![]() This Week - Notes - Search - Index - Share ![]() Ralph Kamps Editor CirexNews 608.345.2880 Ken Harwood Publisher CirexNews 608.334.2174 April 2025 Lease Asking RatesThis Weeks Articles for 4/2/2025 ...
...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 affordabilityAs 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... ...Full Story Here RSK: A nice little drop in the bucket. ![]() | ||||||||||||||||||||||||||||||||||||
ABSTRACT Commercial Real Estate LLC | ||||||||||||||||||||||||||||||||||||
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Microsoft 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. | ||||||||||||||||||||||||||||||||||||
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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 | ||||||||||||||||||||||||||||||||||||
![]() 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 608-345-2880SEE 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.”... RSK: Ouch!! ![]() | ||||||||||||||||||||||||||||||||||||
Commercial Brokers Group | ||||||||||||||||||||||||||||||||||||
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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 ![]() | ||||||||||||||||||||||||||||||||||||
The Fed Expects Tariff Inflation To Be Transitory. Will That Spare Real Estate? | ||||||||||||||||||||||||||||||||||||
![]() 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 | ||||||||||||||||||||||||||||||||||||
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New 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:
...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 | ||||||||||||||||||||||||||||||||||||
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Trader 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... ...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 2025Thursday, April 10, 2025 | ||||||||||||||||||||||||||||||||||||
Park Towne Realty LLC | ||||||||||||||||||||||||||||||||||||
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How Long Until AI Replaces Commercial Real Estate Analysts? | ||||||||||||||||||||||||||||||||||||
![]() 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 | ||||||||||||||||||||||||||||||||||||
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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 | ||||||||||||||||||||||||||||||||||||
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Diving Into Breakfast Chains: What “Eggs”actly is Going On With Eggs Right Now? | ||||||||||||||||||||||||||||||||||||
![]() Breakfast Chains Implement Surcharge to Offset Egg Price SpikesAccording 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 | ||||||||||||||||||||||||||||||||||||
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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![]() |