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Ralph Kamps
...Full Story HereRalph Kamps
Editor CirexNews
608.345.2880
Ken Harwood
Publisher CirexNews
608.334.2174
This Weeks Articles for 3/27/2023 ...
- Madison Common Council votes to move forward with development that will demolish historic Filene House ...
- New Listing 3/27/2023...
- The Future Of Work, Office Buildings And American Downtowns...
- Why Fed Rate Increases Are Hitting All at Once...
- The initial banking crisis is easing. Another may be around the corner....
- Microsoft Backs Away From 1.1 MSF Seattle-Area Expansion...
- Small bank struggles could hit the real estate market hard...
- Few People Know The Center Of The World Is Hiding In The Tiny Town Of Poniatowski, Wisconsin...
- Apple Is Reportedly Taking Attendance Amid Back to Office Push...
- Commercial Property Cap Rate Expansion Likely to Continue in 2023...
- A recession is guaranteed this year based on Jerome Powell`s favorite bond-market gauge...
- Elon Musk sounds the alarm on real estate, warning a spike in defaults on mortgages and commercial loans could hammer banks...
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...
Madison Common Council votes to move forward with development that will demolish historic Filene House
MADISON (WKOW) -- Madison`s Common Council voted unanimously Tuesday to move forward with a development project that will demolish the historic Filene House on Sherman Avenue and replace it with more than 300 new apartments. This comes after an intense debate over the building`s historic status. The city`s Landmarks Commission had previously voted unanimously to recommend the building for landmark status, but that was overturned by the Common Council back in February....
RSK: Should be a great project with Lake Views.
The Gialamas Company
The Gialamas Company has been involved with Class A commercial real estate development, brokerage and management in Madison since 1976. Our premier development, Old Sauk Trails Park, offers the best elements of city and country on Madison’s westside.
New Listing 3/27/2023
Building for lease - Active
2320 N Pleasant View Rd
Middleton, WI
Available SF: 7,250
Max Contig. SF: 7,250
Rent PSF (Annual): $7.95
Lease Term (Yrs): 3 - 10
Lease Type: NNN
Property Type: Industrial
Date Available: 08/01/2023
Office/Warehouse space available - good visibility.
Office/warehouse space available August 1st (possibly earlier), off-street parking.
Max Contig. SF: 7,250
Rent PSF (Annual): $7.95
Lease Term (Yrs): 3 - 10
Lease Type: NNN
Property Type: Industrial
Date Available: 08/01/2023
Office/Warehouse space available - good visibility.
Office/warehouse space available August 1st (possibly earlier), off-street parking.
ABSTRACT Commercial Real Estate LLC
 7 W Main St Madison, WI |
 316 W Washington Ave Madison, WI |
 115 State St Madison, WI |
 704 Williamson St Madison, WI |
 409 N Lake St Madison, WI |
 638 University Ave Madison, WI |
 313 W Johnson St Madison, WI |
 8 S Carroll St Madison, WI |
 2 S Carroll St, Madison, WI |
 114 E Main St, Waunakee, WI |
 203 E Main St, Waunakee, WI |
 5955 McKee Rd, Fitchburg, WI |
See All Listings Here...
...Full Story HereThe Future Of Work, Office Buildings And American Downtowns
In New York at the end of January 2023, 52% of Manhattan office workers were in the office on an average weekday. This is a jaw-droppingly low number for the most vibrant city in the world, pretty much three full years after the start of the pandemic. About 10% of the local workforce is fully remote, and only 9% of employees are in the office five days a week. The return-to-office trend seems to have plateaued as the fast acceleration of returns did not occur. The “new normal” seems to hover around 55%-60% office occupancy......Full Story Here
RSK: Large urban downtown Central Business Districts will be taking a hit, especially in the office sector. People are just not going back to work in the office environment. Conversions of office space into other uses is more than difficult. SOmething is going to have to give!
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.
Why Fed Rate Increases Are Hitting All at Once
Tighter credit and the rising cost of deposits are squeezing banks — and the wider economy.
(Bloomberg Opinion) -- Everyone knows that the effects of interest-rate increases come with a time lag. It’s tempting to think it’s like pressing the brake in a car: Central banks push the pedal a bit, then a bit more and eventually the economy steadily starts to slow down.
The turmoil in banking this week shows this is the wrong analogy. Monetary policy is more like an elastic band: You can pull on it for ages and nothing seems to move until suddenly the other end comes pinging right at you.
This realization will have implications for what the Federal Reserve should do next. But it also underscores something else: The supposed choice between worrying about inflation or financial stability is false. Banks are still a crucial channel for monetary policy to be transmitted to the economy through their lending. At a certain point, bank stability is monetary policy. The US has reached a moment where monetary tightening is accelerating like a slingshot through the banking system...
The turmoil in banking this week shows this is the wrong analogy. Monetary policy is more like an elastic band: You can pull on it for ages and nothing seems to move until suddenly the other end comes pinging right at you.
This realization will have implications for what the Federal Reserve should do next. But it also underscores something else: The supposed choice between worrying about inflation or financial stability is false. Banks are still a crucial channel for monetary policy to be transmitted to the economy through their lending. At a certain point, bank stability is monetary policy. The US has reached a moment where monetary tightening is accelerating like a slingshot through the banking system...
RSK: A very good explanation of what the rise in interest rates are doing to the Commercial Real Estate Industry....the main problem is banks will tighten their credit and loan parameters for lending on CRE.
Colliers International
 6250 Nesbitt Rd Madison, WI |
122 W Washington Ave, Madison, WI |
 Sugar Creek Commons 501 W Verona Ave, Verona, WI |
 3591 Anderson St Madison, WI 53704 |
 316 W Washington Madison, WI |
 Village Crossing 114 E Main St, Waunakee, WI |
 16 N Carroll St Madison, WI 53703 |
 1102 N Sherman Ave Madison, WI 53704 |
 2987 Yarmouth Greenway Dr |
 2917 International Ln Madison, WI |
 316 W Washington Ave Madison, WI |
 Former Foremost Farms E10889 Penny Ln, Baraboo, WI |
See All Listings Here!
...Full Story HereSt. John Properties
 Madison East Business Center |  Nelson Road Business Center |  Madison East Business Center |  Hoepker Corporate Center |
 4009 Felland Rd, Madison, WI |
 4602 S Biltmore Ln Madison, WI |
 6504 Ronald Reagan Ave, Madison, WI |
 4602 S Biltmore Ln Madison, WI |
See All Listings Here...
...Full Story HereThe initial banking crisis is easing. Another may be around the corner.
Commercial real estate could become a problem for midsize banks
Federal authorities still grappling with the banking crisis caused by the collapse of Silicon Valley Bank are already beginning to worry about the next potential bomb to go off in the nation’s financial system.
In the White House, Treasury Department and Federal Reserve, policymakers are examining the potential risks posed by the approximately $20 trillion market for commercial real estate...
RSK: Another look at why local and regional banks might have a problem with up coming loans especially within the office sector. These banks do most of the commercial lending and the interest rate on the loans are low. When the new higher rates come up on refinancing, the LTV ratios will be out of whack.
CARW 2022 Events and Resources
Lunch & Learn – M7 Update with Jim Paetsch
Commercial real estate practitioners work with economic development agencies and partners to identify incentives for attraction and investment opportunities that create jobs for our region. Over the past several years, millions of dollars in economic benefit have come to the Milwaukee 7 region because of economic development efforts and partnerships focused on regional growth. We will hear from the M7 Executive Director and Senior Vice President, Jim Paetsch about the latest efforts, successes, and strategic initiatives for 2023 and beyond.…
...Full Story HereKen Notes: Thank you Tracy Johnson President and CEO of CARW for keeping me in the loop.
The Gialamas Company, Inc.
 1255 Fourier Dr Madison, WI |
 8040 Excelsior Dr Madison, WI |
 1289 Deming Way Madison, WI |
 1 Erdman Pl Madison, WI |
 8025 Excelsior Dr Madison, WI |
 8030 Excelsior Dr Madison, WI |
 1200 John Q Hammons Dr Madison, WI |
 1111 Deming Way Madison, WI |
 918 Deming Way Madison, WI |
 8000 Excelsior Dr Madison, WI |
 1241 John Q Hammons Dr Madison, WI |
 8020 Excelsior Dr Madison, WI |
See All Listings Here...
...Full Story HereThe Gialamas Company`s premier development. The park has over 57 buildings containing 200+ companies, occupying over 3.0 million square feet.
Microsoft Backs Away From 1.1 MSF Seattle-Area Expansion
Putting this project on hold is part of a larger pattern across the tech industry.
In a move that’s consistent with other recent retrenchments by the tech industry, Microsoft Corp. has withdrawn plans to expand its RedWest North campus in Redmond, Wash., the Puget Sound Business Journal reported, based on public records.
In the fall of 2021, Microsoft had filed a proposal with the City of Redmond to develop four buildings totaling more than 1.1 million square feet, plus an underground parking structure with a central plaza above, all on 26 acres at 14848 NE 51st St., adjacent to Route 520..
In the fall of 2021, Microsoft had filed a proposal with the City of Redmond to develop four buildings totaling more than 1.1 million square feet, plus an underground parking structure with a central plaza above, all on 26 acres at 14848 NE 51st St., adjacent to Route 520..
RSK: Well, there is a silver lining in this; it may help the office vacancy rate in the Seattle area.
RASCW Events
Diversity, Equity and Inclusion Vendor Fair & Housing Happy Hour
April 12 @ 2:00 pm - 4:00 pm
Bridges Golf Course - 2702 Shopko Dr.
REGISTER NOW!
The Diversity, Equity & Inclusion Committee invites you to attend their upcoming FREE Vendor Fair & Housing Happy Hour.
This event will be a celebration of Fair Housing Month and an
opportunity for RASCW Minority Scholarship recipients and all Realtor®
Members to speak with Affiliate Member vendors about the services they
provide Realtors® and their customers/clients, as well as area Fair
Housing related efforts and resources. In addition to providing general
information, Affiliate vendors will share the types of support, tools,
and benefits their businesses offer specifically in support of Fair
Housing and increasing access to home ownership...
Investors Associated
 4901 Eastpark Blvd |
 2323 Crossroads Dr |
 2310 Crossroads Dr |
 2418 Crossroads Dr |
 5201 Eastpark Blvd Madison, WI |
 5601 Manufacturers Dr Madison, WI |
 2128 City View Dr Madison, WI |
 5310 Wall St Madison, WI |
 2801 Crossroads Dr Madison, WI |
 5325 Wall St Madison, WI |
 5315 Wall St Madison, WI |
 Manufacturers Dr Madison, WI |
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.
Small bank struggles could hit the real estate market hard
A pullback in lending among small banks in the U.S. was already underway before the collapse of Silicon Valley Bank and Signature Bank. Now economists expect to see more tightening.
Why it matters: Stricter lending standards among smaller banks is likely to slow economic growth overall. But the commercial real estate sector, already battered by rising interest rates and half-empty office buildings, is particularly at risk.
The big picture: Big banks get a lot of attention, but there are about 4,800 banks in the U.S. — and the small ones play a large role in the economy, as a recent Goldman Sachs report notes...
...Full Story HereRSK: The first graphic says it all....there will be a reckoning for some with little equity in their buildings.
Key Commercial Real Estate, LLC
 754 E Washington Ave Madison, WI |
 6230 University Ave Middleton, WI |
 798 Lois Dr Sun Prairie, WI |
 822 E Washington Ave Madison, WI |
 7781 Elmwood Ave Middleton, WI |
 834 E Washington Ave Madison, WI |
 744 Williamson St Madison, WI |
 401 Charmany Dr Madison, WI |
See All Listings Here...
Few People Know The Center Of The World Is Hiding In The Tiny Town Of Poniatowski, Wisconsin
Wisconsin is home to one of the most unique features in the world, and
by unique, we mean that the center of the world is in Wisconsin. It’s
true! Most folks don’t believe it at first, but Wisconsin boasts a truly
fascinating reputation. Up in the central part of the state, west of
Wausau is a totally amazing spot that only exists in a few places in the
world. Tucked away on a farm in Poniatowski is the intersection of 45
North parallel and the 90 West parallel. If you’re looking for the
center of the world, well. It’s in Wisconsin...
RSK Just an FYI...who knew that Wisconsin has the center of the world located in it? Not I, said the blind man, as he picked up his hammer and saw.
Park Towne Realty LLC
 4646 Windsor Rd Windsor, WI |
 402 Gammon Pl Madison, WI |
 455 S Jct Rd Madison, WI |
 1117 River Rd DeForest, WI |
 6410 Enterprise Ln Madison, WI |
 6730 Odana Rd Madison, WI |
 7031 River Rd DeForest, WI |
 6808 Odana Rd Madison, WI |
See All Listings Here...
Apple Is Reportedly Taking Attendance Amid Back to Office Push
Apple is far from the only company apparently monitoring badge swipes to keep its staff from working in the comforts of home.
Apple has struggled to force its employees back into the office with its hybrid work plan, even though its employees have largely been antagonistic to the Cupertino company’s in-office working whims. Like we’re all back in grade school, Apple is just the next company that is reportedly taking attendance to make sure its staff are commuting at least three days a week to the office...
RSK: Of course...3 days to work in the office is way out of line...omg!
Wisconsin Commercial Real Estate
 75 Gasser Rd Wisconsin Dells, WI |
 400 Viking Dr Reedsburg, WI |
 1400 Commerce Pl, Plover, WI |
 426 Gammon Pl Madison, WI |
 5806 Co Rd Q Waunakee, WI |
 4711 Farwell St McFarland, WI |
 505 S Gammon Rd Madison, WI |
 808 Industry Rd Sauk City, WI |
 330 N Century Ave Waunakee, WI |
See All Listings Here...
...Full Story HereCommercial Property Cap Rate Expansion Likely to Continue in 2023
According to a new CBRE survey, U.S. capitalization rate expansion is likely to continue in the short-term for most real estate asset types, but could peak later this year and should decrease in 2024 as the end of the Federal Reserve`s rate-hiking cycle is anticipated.The CBRE survey found that all property types reported cap rates increases in the second half of 2022. Despite strong real estate fundamentals, higher borrowing costs and uncertainty around monetary policy are forcing cap rates upward. In some instances, industrial and multifamily cap rates are below current borrowing costs...
...Full Story Here
RSK: If you are in the business, you have experienced this first hand.
Commercial Brokers Group
Breakfast Meeting & CE-1
April 12, 20237:15 am
Findorff
Event Information
Thanks to Findorff for hosting our breakfast & “CE-1” on Wednesday, April 12, 2023 at Findorff’s office at 300 South Bedford Street, Madison. Please see attached map for visitor parking highlighted in yellow. The meeting schedule is:
7:15 am – 8:00 am Breakfast & Networking
8:00 am – 8:50 am Meeting
9:00 am – 12:00 pm CE
From 9:00 a.m. – 12:00 p.m., CBG is offering CE. This continuing education class will be taught by Reinhart Boerner & Van Deuren, s.c. This approved course will count towards the credits needed for Wisconsin licensee renewal.
...Full Story Here
Reinhart
With the largest Real Estate Practice of any law firm in Wisconsin, Reinhart offers clients custom-tailored real estate insight.
A recession is guaranteed this year based on Jerome Powell`s favorite bond-market gauge
Fed Chairman Jerome Powell`s preferred bond-market metric is signaling that a recession is certain this year and that rate cuts are also coming.
The spread between the current yield on three-month Treasury bills and their expected yield in 18 months is now inverted by a record 134 basis points.
That`s more than the previous record set in January 2001, about two months before a recession began in the US, according to Bloomberg...
The spread between the current yield on three-month Treasury bills and their expected yield in 18 months is now inverted by a record 134 basis points.
That`s more than the previous record set in January 2001, about two months before a recession began in the US, according to Bloomberg...
- Fed Chairman Jerome Powell`s preferred bond-market indicator says a recession is on the way this year.
- It`s the spread between the yield on three-month Treasury bills and their expected yield in 18 months.
- Powell has touted the predictive power of the gauge in previous statements.
RSK: The inversion is real so something has to give.
Crown Commercial Real Estate/Development, LLC
SOLDOffering real estate services and design-build construction solutions for growth oriented clients...
Food Fight
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.
Food Fight gift cards make a great gift for anyone
Gift cards can be redeemed at all of our restaurants for dine-in visits or call-in carryout orders, and they never expire ...Full Story HereKnight 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
Elon Musk sounds the alarm on real estate, warning a spike in defaults on mortgages and commercial loans could hammer banks
The turmoil in the banking sector could spread to the housing and commercial real estate markets, Elon Musk has warned.
"This is by far the most serious looming issue," he tweeted on Saturday. "Mortgages too."
The Tesla, Twitter, and SpaceX CEO was responding to The Kobeissi Letter, after it outlined that a record $2.5 trillion in commercial real estate debt will mature over the next five years...
"This is by far the most serious looming issue," he tweeted on Saturday. "Mortgages too."
The Tesla, Twitter, and SpaceX CEO was responding to The Kobeissi Letter, after it outlined that a record $2.5 trillion in commercial real estate debt will mature over the next five years...
- Elon Musk has sounded the alarm on mortgages and commercial real estate.
- The Tesla chief warned that banks could be hit by a surge in defaults and lower asset prices.
- Higher interest rates, depressed occupancy levels, and a looming recession threaten loan portfolios.
RSK: Elon weighs in and it is not pretty. As mentioned earlier, small banks hold about 70% of the commercial loans.
Mullins Group LLC
 2 E Mifflin St Madison, WI |
 2550 University Ave Madison, WI |
 152 W Johnson St Madison, WI |
 1400 E Washington Ave, Madison, WI |
 10 W Mifflin St Madison, WI |
 1457 E Washington Madison, WI |
 212 E Washington Ave Madison, WI |
 22 E Mifflin St Madison, WI |
See All Listings here...
Properties for Lease or for Sale By Company
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