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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...

Propmodo`s list of must-read books—curated by industry experts—reveals the essential reads that every commercial real estate professional should have on their shelf

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RSK: Check your bookshelf for the ones you missed...

1200 John Q Hammons Dr Madison, WI	8040 Excelsior Dr Madison, WI	1255 Fourier Dr Madison, WI	8000 Excelsior Dr Madison, WI
8025 Excelsior Dr Madison, WI	8030 Excelsior Dr Madison, WI	8020 Excelsior Dr Madison, WI	1241 John Q Hammons Dr Madison, WI

8150 Excelsior Dr Madison, WI

1289 Deming Way Madison, WI

918 Deming Way Madison, WI

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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.

With many employees still preferring hybrid work environments more than four years after the pandemic started, companies are leaning on innovative amenities and fresh locations to make the office more of a destination for their workers.

Companies that invest in their office spaces to create that destination that workers feel compelled rather than obligated to come to are having the most success, CBRE Vice Chairman Josh White said Wednesday at Bisnow`s Future of DFW Office event, held at Spectrum Center in Addison.

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RSK: Hmm...the #1 amenity for people was child care on premise or close by. But I do understand these others as well.

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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The pandemic years were tough ones for universities and developers of student housing as closures and restrictions kept many learning remotely, taking gap years or just waiting it out at home. Over the past several years, though, the worm has turned: Student housing rents are on a robust upswing that hit an average 9% nationally this past fall.

That’s great news for developers able to meet new student demand for flexible design, high-end perks and sustainability.

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RSK: In the case of shared common areas look no further than the Regent Apartments. with their shared living room and kitchen but private bedroom and bathrooms. Way ahead of its time.

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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.

LicensE is your online, self-guided occupational license application platform for Health, Business, Trades, Manufactured Homes, and Unarmed Combat Sports credentials and permits.

All applications for licensure and permits must be made through LicensE. ?Go to license.wi.gov to apply for a license. ?Please refer to the LicensE Applicant User Guide for assistance.

Other helpful Data:

    LicensE User Guides and Videos page
    LicensE FAQs?
    LicensE Customer Information page
    Step-by-step instructions for renewing a license here?

?Third-Party Resources...
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RSK: Time for all of us people who hold a real estate license in the State of Wis to renew. Make sure your Continuing Ed is complete for 2023-24.

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

Warehouse / Office Building for Sale

Commercial Space for Lease – Portage

Fully Leased Commercial Building for Sale

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MADISON, WIS. — Vermilion Development will develop Lock Lane Apartments, a 309-unit project located on an 8.5-acre site in Madison. McShane Construction Co. will construct the property. Potter Lawson is the project architect. JLL arranged equity capital through Quartz Lake Capital and Clarion Partners. CIBC is providing construction financing.

Lock Lane Apartments will consist of two five-story buildings that house 289 apartments, as well as three two-story townhome buildings with 20 units. The property will also include a two-level parking garage. Planned amenities include green roof areas, fitness centers, clubrooms, coworking spaces, conference rooms, community gardens and a fenced dog run...
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RSK: Just in case you missed the news.

2024 Annual CBG/CCIM
Holiday Party

 December 11, 2024
    4pm-7pm
    Network222

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MADISON, Wis. (WMTV) - The River Food Pantry is building a new beginning as it has started construction on a new facility.

After raising more than $11 million, organizers say the new building with be more than 32,000 square feet which is triple the size of the current warehouse.

“The River has needed more space since I joined the organization over a decade ago,” Rhonda Adams, Executive Director of The River, said. “With demand at an all-time high in 2024, this expansion cannot come soon enough. We thank all our supporters for helping to make our dream home come true.”

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RSK: Congrats to all who helped out...

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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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RSK: It isn`t all construction problems and logistics but also finding the power to supply these data centers since AI uses so much of it.

CARW Happy Hour – Ope Brewing

Join CARW for a Broker Happy Hour on November 21st!

Ope is a dog friendly establishment.  Feel free to bring your furry four legged friend as long as they are friendly!

Where:
Ope Brewery

When:
Thursday, November 21st, 2024
4:00 – 6:00 PM

Cost:
Free to Members
Non-Members $50

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Ken Notes: Thank you Tracy Johnson President and CEO of CARW for keeping me in the loop.

Von Maur embarks on a $100 million renovation plan to redefine its department stores for a new generation — and reinvest in the 152-year-old company’s signature customer service.

Von Maur is a classic American department store, currently embarking on an extensive, multi-phased renovation of its nearly 40 brick-and-mortar locations over the next five years. The 152-year-old retailer will invest more than $100 million to showcase an entirely new interior aesthetic, with renovations underway in Wichita, Kansas; Fort Wayne, Indiana; Omaha, Nebraska; Livonia, Michigan; Louisville, Kentucky; Overland Park, Kansas; and Forsyth, Illinois. But that’s not all — Dry Goods, a Von Maur subsidiary launched in 2010, will open five new stores this year, including its first in Delaware, New Jersey and Virginia. Once these new stores are open, Dry Goods will have 84 locations in 24 states. Shopping Center Business recently interviewed Melody Wright, chief operating officer of Von Maur, to see what’s next for the incomparable, ever-evolving, high-end department store known for its dedication to quality over quantity — and to the customer experience — for more than 150 years.
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RSK: Since they moved into the old Boston Store Space at West Towne a few years ago, you can catch a glimpse of what the remodels will look like there.

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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

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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Leisure travel was the first to recover from coronavirus lockdowns, surging well above 2019 levels as cooped-up consumers rushed to spread their wings and fly literally anywhere else.

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RSK: The lodging industry has to find a way to book more people in the high travel times. One idea is to have bunk beds in some of the rooms...

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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Architizer`s 13th A+Awards features a suite of sustainability-focused categories that recognizing designers that are building a green industry — and a better future. Start your entry to receive global recognition for your work!

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RSK: What if for sure.

75 Gasser Rd Wisconsin Dells, WI

4711 Farwell St McFarland, WI

808 Industry Rd Sauk City, WI

426 Gammon Pl Madison, WI

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A new consortium of the largest players in the data center and power sectors plans to build a series of “test hubs” across the U.S. to turn data centers from a threat to regional power grids into a tool for strengthening them.

An unprecedented wave of electricity demand from data centers is straining regional power grids, slowing the pace of new data center development, creating financial and reliability problems for utilities, and limiting the adoption of renewable energy.

As the scale and repercussions of this growing power pinch have come into focus, a growing chorus of prominent voices, including some from within the Biden administration, has called for a fundamental change in the way that data centers operate. Rather than simply consuming hundreds of megawatts of electricity, data centers could utilize their emergency generators to become “flexible loads,” capable of disconnecting from regional transmission networks and operating under their own power when utilities determine that excessive demand is pushing the grid toward failure...

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RSK: The demand for power for data centers is just going to keep accelerating especially with the growth on speed of computing chips. Small nuclear generators may help in the short run but there must be some answer on the computer end to manage the demand. Also, location to the power source will be critical. As in all real estate...location is the key.

4901 Eastpark Blvd	2323 Crossroads Dr	2310 Crossroads Dr	2418 Crossroads Dr
5201 Eastpark Blvd Madison, WI	5325 Wall St Madison, WI	2128 City View Dr Madison, WI	5310 Wall St Madison, WI
2801 Crossroads Dr Madison, WI		5315 Wall St Madison, WI

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One 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.

A POPULAR restaurant chain is poised to shut down 140 outdated stores in under-performing areas in a bid to strengthen profit forecasts.

Wendy’s CEO Kirk Tanner revealed in an earnings call on Thursday that the chain would shut over 100 stores across the country this quarter.

The restaurant closures will be offset by new restaurant openings, making net unit growth about flat according to the company’s CFO Gunther Plosch.

The chain — which is the second largest fast-food chain in America — said it expected to open 250 to 300 new restaurants across the world this year.

The closure comes following a number of restaurant closures in recent months, as chain restaurants suffer from soaring rents, inflation and rising expenses.

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RSK: Under performing stores mostly. Should be a few prime locations available. Most expansion will be outside of the US.

Tax Reduction Strategies for the Real Estate Professional

Description

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After the Federal Reserve lowered interest rates for the first time since 2020 at its last meeting with a 50-point cut, its follow-up is looking likelier to be more muted.

Economic activity has remained resilient despite ongoing fears over a possible recession, with 98.9% of Fed watchers predicting the Federal Open Market Committee will cut the benchmark interest rate by 25 basis points on Nov. 7, from the current 4.75%-5% range to 4.50%-4.75%, according to CME Group’s FedWatch tool.

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RSK: I have to agree with them but with this caveat....the election may change this.

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Fast-casual restaurant chain TGI Fridays Inc. has closed about 50 of its U.S. locations in the past week as the nation`s dining industry grapples with inflation and customers trimming their spending.

TGI Fridays files for Chapter 11 bankruptcy

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RSK: Good prime locations which may help them get out of Bankruptcy. I think you are going to see more and more fast casual chains going down this route. The pandemic and inflation along with employee shortages has taken a disastrous tole.

E-commerce giant launches 3.4 million-square-foot warehouse in Louisiana as firm spreads out across the US

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RSK: I believe the facility in Cottage Grove, WI is one of these....and there will be more. The only problem is the local continuous traffic generated by on going 24/7 trucking.

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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 Commercial	Flad Development & Investment Corp.
Evans Properties, LLC	Keller Real Estate Group		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

Hovde & Hovde, Inc

Betty Thompson Realty

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