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CirexNews - CRE and Investment News | ||||||||||||||||||||||||||||||||||||
 This Week - Notes - Search - Index - Share ...Full Story Here Ralph Kamps Editor CirexNews 608.345.2880 Ken Harwood Publisher CirexNews 608.334.2174 JULY 2025 Lease Asking RatesThis Weeks Articles for 7/8/2025 ...
New Listings: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...  | ||||||||||||||||||||||||||||||||||||
Amping Up: Harnessing Innovation and Efficiency to Modernize the US Power Grid | ||||||||||||||||||||||||||||||||||||
 The current surge in energy demand is virtually unprecedented since the mass effort to electrify America immediately following World War II. Time for a pop quiz: Halfway through 2025, which company is the second-best performer on the stock market so far this year? The top spot, of course, belongs to Palantir, the AI-powered data analytics firm co-founded by venture capital titan and friend-slash-financial-backer of the White House Peter Thiel, which has secured a slew of high-profile government and defense contracts under the current administration. But you already knew that. Second place, however, is a little more obscure. That title belongs to a little (well, $28 billion market cap, so not that little) or rather little-known Texas-based firm, NRG Energy... RSK: The demand in not only CRE Data Centers but for all of us is increasing exponentially. We touched on VPP before but here is a good explanation of how they might work and keep CRE and all of us out of the dark. | ||||||||||||||||||||||||||||||||||||
ABSTRACT Commercial Real Estate LLC | ||||||||||||||||||||||||||||||||||||
 
See All Listings Here......Full Story Here | ||||||||||||||||||||||||||||||||||||
The Midwest`s Days As `The Poor Stepchild` Of Multifamily Are Over | ||||||||||||||||||||||||||||||||||||
 The only thing hotter than the record temperatures across the Midwest the last couple of weeks is the region’s multifamily sector.Rent growth in Chicago and other major central U.S. cities is sizzling, topping reports analyzing the metric in markets across the country. And big multifamily and investment executives are making big plays, betting conditions are ripe for the asset class`s regional resurgence, despite macroeconomic headwinds hitting the sector at large. “We`ve been the poor stepchild for a long time, and it seems now there`s some interest,” said Tim Anderson, CEO of Chicago-based developer Focus. “Places where people flooded to [during the pandemic] have been overbuilt, and I think the demographics and the job growth in those areas will self-correct over time. But right now, Chicago looks pretty attractive.”.
RSK: Dane County is booming and so is multifamily. | ||||||||||||||||||||||||||||||||||||
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. | ||||||||||||||||||||||||||||||||||||
Wisconsin City Named Among The `Worst Run Cities` In The U.S. | ||||||||||||||||||||||||||||||||||||
 When visiting another city, you have likely spotted some notable differences from the one you call home. From well-paved roads and less traffic congestion to a noticeable change in crime rate that makes you feel safer walking down a street alone, many factors contribute to the way cities run. WalletHub looked at nearly 150 cities across America to determine which are the best-run cities and which are the worst in terms of "the effectiveness of local leadership," looking at a variety of factors like financial stability, safety, education and economy. According to the site:... Among the list are two cities in Wisconsin, one of which is ranked in the bottom half among the worst: Madison (No. 31) and Milwaukee (No. 109).... ...Full Story Here RSK: Well it could be worse...we are only #31 worst city....except Milwaukee is #109....yikes Madison. Ken Notes: Madison has lots of opinions which can make it difficult but the end result is usually pretty good. Rank the same cities as to livability, workforce, and quality of life and we will do well... | ||||||||||||||||||||||||||||||||||||
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 608-345-2880Bakers Place | ||||||||||||||||||||||||||||||||||||
Return-to-Work`s Influence on Restroom Design | ||||||||||||||||||||||||||||||||||||
 For so long, restrooms were an afterthought in the design process. As long as it was usable, it was functionable. But as companies continue to lure employees back to the office, all spaces need to be accounted for and designed with employees in mind. Knowing return to work may be hard for employees, many companies have resorted to renovating restrooms to ensure that the workplace feels just as comfortable as they are at home... RSK: I think the two main things here should be privacy and cleanliness not only in office buildings but restaurants as well. | ||||||||||||||||||||||||||||||||||||
Commercial Brokers Group | ||||||||||||||||||||||||||||||||||||
 Event InformationJuly 16, 2025
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The Gialamas Company, Inc. | ||||||||||||||||||||||||||||||||||||
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. | ||||||||||||||||||||||||||||||||||||
Has the Next Supply Cycle Started? | ||||||||||||||||||||||||||||||||||||
 Real estate moves in cycles with periods of growing or slowing in between peaks and troughs. We have been in a period of slowing multifamily permitting for at least the past two years and nationally, we appear to have reached this cycle`s trough.Individual markets can and do have different cycle timing, but it also appears that many have troughed for multifamily permitting as well. Charting six of the top 10 markets for multifamily permitting shows a clear pattern of peaks and valleys, with most reaching their peaks in 1st quarter 2023. Austin and Orlando hit their peaks in 2022 but maintained relatively high levels of permitting for longer periods... RSK: No shortage of cranes in the Madison Metro area. | ||||||||||||||||||||||||||||||||||||
CARW 2025 Events and Resources | ||||||||||||||||||||||||||||||||||||
Ken Notes: Thank you Tracy Johnson President and CEO of CARW for keeping me in the loop. | ||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||
Consumer spending at small restaurants slowed in June | ||||||||||||||||||||||||||||||||||||
 New data from Fiserv shows that small restaurants/independents experienced modest sales growth in June (+0.4%) compared to June 2024. However, their month-over-month declines in transactions (-2.6%) and foot traffic (-2.5%) eroded much reason for optimism.According to Fiserv’s Small Business Index, this negative monthly trend followed a 5.6% month-over-month drop from April to May. The overall index for small businesses shows a 1.4% month-over-month sales decline, reflecting a broad slowdown in consumer activity across segments, not just restaurants. Foot traffic overall was also negative month-over-month, at -2%.... RSK: Still a rough road ahead for the small restaurant operator. As many new ones that pop up, several go dark. | ||||||||||||||||||||||||||||||||||||
Reinhart | ||||||||||||||||||||||||||||||||||||
With the largest Real Estate Practice of any law firm in Wisconsin, Reinhart offers clients custom-tailored real estate insight. | ||||||||||||||||||||||||||||||||||||
Moody`s: U.S. Office Vacancy Hits Another Record High | ||||||||||||||||||||||||||||||||||||
 Office vacancy in the U.S. hit a record high last quarter for the sixth time in a row, according to a Moody’s Analytics report released Wednesday. All commercial real estate sectors are experiencing weakness, the second-quarter report says, as “macroeconomic uncertainty dampened household and business confidence.” But the weakness in the office sector was particularly acute.Moody’s reported nationwide office vacancy at 20.6% last quarter, up from 17% five years ago, at the start of the pandemic. Last quarter`s new high was a 20-basis-point jump from the first quarter and a 50 bps increase year-over-year. The Moody`s report says mandates for employees to return to the office “have done little to stem the bleeding.”... RSK: Some areas are bright spots so I would take this with a grain of salt.....or a sip of beer or wine | ||||||||||||||||||||||||||||||||||||
Park Towne Realty LLC | ||||||||||||||||||||||||||||||||||||
See All Listings Here... | ||||||||||||||||||||||||||||||||||||
Why U.S. Office Tenants Are Becoming Buyers | ||||||||||||||||||||||||||||||||||||
 Deep discounts, favorable financing, and long-term benefits are turning users into owners.Owner-occupier deals are gaining momentum in the U.S. in response to falling property values, tighter capital, and a broader economic downturn. Tenants who had been leasing office space are now looking to buy a building outright—at reduced prices and favorable terms—to reap the long-term benefits of property ownership. According to JLL, these types of acquisitions accounted for 20 percent of total U.S. office sales in the first quarter of 2025—up from 15 percent for all of 2024, Before the pandemic it was only eight percent or less annually. “With this year’s owner-occupier transaction volume already above 2024’s total, user acquisitions are expected to remain a major force in the office market through 2025,” says Mike McDonald, senior managing director at JLL. ...Full Story Here RSK: And why not? If you are a major tenant in an office building and your lease is coming up, it just might make sense to buy the building...you have some leverage over the owner. | ||||||||||||||||||||||||||||||||||||
Colliers|Wisconsin | ||||||||||||||||||||||||||||||||||||
 Colliers|Wisconsin is expanding its Madison, Wisconsin, office with the addition Jesse Schluter. (see article above)Colliers| Wisconsin offers clients in the Wisconsin market, expertise in every property type. Wisconsin’s Colliers office offers a comprehensive portfolio of real estate services to occupiers, owners and investors on a local, regional, national and international basis, including: Brokerage Services, Corporate Solutions, Property Management and Valuation & Advisory Services. Colliers is the third-largest commercial real estate services company in the world, with over 12,300 professionals operating out of more than 522 offices in 62 countries.
See All Listings Here......Full Story Here | ||||||||||||||||||||||||||||||||||||
Chicago’s Tax Incentives for Office Conversions Seem to Be Working | ||||||||||||||||||||||||||||||||||||
 Chicago is leaning hard into its LaSalle Street Reimagined vision, and the conversion of 111?W?Monroe is shaping up as a centerpiece. The Harris Trust office towers are being reborn as a mixed?use destination: a 226?room hotel, a reactivated rooftop Monroe Club with pool and restaurant, a 16,000?ft² ballroom and spa, and 345 apartments (around 104 of which are designated affordable). Construction kicks off later this year, with a finishing line set for early 2027.This transformation is backed by a strategic financial move: $40 million in Tax Increment Financing (TIF) from the LaSalle/Central district, alongside historic and low-income housing tax credits. TIF isn’t a grant in the traditional sense—it’s a promise to reinvest future property tax increases from the district into redevelopment wireframes now, essentially using tomorrow’s gains to fund today’s projects. Across six ongoing conversions, the city has approved roughly $321 million in TIF to leverage nearly $900 million in private investment, bringing 1,765 mixed-income homes online... RSK: An ambitious undertaking. We shall see if TIF can work to help solve the hurdles on conversion and interest rates. | ||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||
 2025 Cindy Strange Memorial
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St. John Properties | ||||||||||||||||||||||||||||||||||||
See All Listings Here......Full Story Here | ||||||||||||||||||||||||||||||||||||
One Big Beautiful Bill`s Passage Launches New Tax Era For CRE | ||||||||||||||||||||||||||||||||||||
 President Donald Trump signed the multitrillion-dollar One Big Beautiful Bill into law at the White House Friday, locking in one of the most consequential rewrites of the U.S. tax code in a generation — and setting the stage for broad and lasting ripple effects across commercial real estate. The bill’s final passage came on Thursday after lawmakers frantically cobbled together the votes required to usher through the 887-page tax and spending package before Trump’s live-wire, symbolic Fourth of July deadline. "I think when you go over the bill, it was very easy to get them to a ‘Yes,’” Trump told reporters Thursday evening before he boarded Air Force One for an Iowa rally. “We went over that bill, point after point. ... Biggest tax cut in history, great for security, great on the southern border. ... We covered just about everything." He continued: “The biggest bill of its kind ever signed — and it`s going to make this country into a rocket ship. I think we`re going to have record numbers.”... ...Full Story Here RSK: Not tax breaks for all CRE but it is geared towards investment and development which is a good thing. | ||||||||||||||||||||||||||||||||||||
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... | ||||||||||||||||||||||||||||||||||||
Are the neighbors required to move their shed? | ||||||||||||||||||||||||||||||||||||
 Question:The agent is listing a few parcels of vacant land, and one of the neighbors has an auxiliary structure (shed) encroaching on one of the lots the buyer is purchasing.Are the neighbors required to move their shed? The agent recalls a previous instance where the code enforcement office claimed a shed was “grandfathered in” and the neighbor did not have to move his shed. Is this truly the case? Answer:The parties may wish to have a survey completed to check if there is an encroachment or encumbrance affecting the listed property. If the seller did not disclose the encroachment under item E14 on the Vacant Land Disclosure Report (VLDR), then the agent may have to disclose the encroachment as a material adverse fact.Under Wis. Stat. § 893.25, adverse possession can be established by a person who has no deed or other recorded document giving the adverse possessor title by proving 20 years of uninterrupted adverse possession. Adverse possession applies only to the extent that the property is actually occupied, and the property must be protected by a substantial enclosure, or usually cultivated or improved. To show adverse possession, the adverse possessor, in connection with his or her predecessors in interest, must be in actual continued occupation of the property, exclusive of any other right. This and the other adverse possession statutes refer to what is commonly known as “tacking.” Tacking means that a current adverse possessor can add, or “tack,” their time of possession to that of a predecessor’s adverse possession in order to establish a continuous possession for the required number of years. A “predecessor in interest” generally will be the previous owner. Historically, title holders protected their properties from adverse claimants by documenting that any party in possession is there by permission, or by obtaining the possessor’s acknowledgement that the possessor is there with the title holder’s knowledge and consent. Arguably, giving this permission would hinder the person’s ability to try and claim adverse possession because the element of hostility would be missing as a result of the property owner giving permission. If a person were to try to assert adverse possession, the person would need to bring legal action in court called an action to quiet title under Wis. Stat. Chap. 841. It may be wise to have a survey done to confirm whether there is a problem, and if so, the extent thereof. An attorney might be able to help. The licensee may not provide the parties legal advice.... ...Full Story Here | ||||||||||||||||||||||||||||||||||||
Mullins Group LLC | ||||||||||||||||||||||||||||||||||||
See All Listings here... | ||||||||||||||||||||||||||||||||||||
Revoked Visa Programs, Increased Deportations Heighten Risks To Construction Labor Force | ||||||||||||||||||||||||||||||||||||
 The ice cream shop in CityPlace Doral would normally be bustling on a Tuesday afternoon when the temperature is over 90 degrees. But last week, no one was sitting to enjoy their gelato or linger over a coffee. In the city of Doral in Miami-Dade County, nicknamed Doralzuela for its hefty Venezuelan community, typically lively streets are noticeably quieter in recent months, shop owners and employees told Bisnow. The customers, most of whom are immigrants, who visit their stores are staying home out of fear of being deported. Hundreds of thousands of immigrants from Cuba, Haiti, Nicaragua and Venezuela who have lived in U.S. cities like Doral legally for years have had their legal status revoked by the Trump administration in recent months. In South Florida — which has the highest concentration of residents from the targeted nations — the policies have already had an impact on industries and neighborhoods that rely on immigrant workers... RSK: I guess I do not understand if they had two years work visa, during that time why did they not become citizens? | ||||||||||||||||||||||||||||||||||||
Properties for Lease or for Sale By Company | ||||||||||||||||||||||||||||||||||||
  
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 |
