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Ralph
Kamps
Editor CirexNews
608.345.2880
                Ken Harwood
Publisher CirexNews
608.334.2174

June Lease Asking Rates

This Weeks Articles for 6/18/2024 ...

  1. Opinion | As BRT and rezoning advance, recall Paul Soglin’s narrative ...
  2. We just broke ground on America’s first next-gen nuclear facility...
  3. `Somebody Lit A Fire`: Interest Rate Stability Reignites Industrial Deal Flow ...
  4. $10B Data Center Campus Kicks Off Near Chicago...
  5. The ShowingTime Settlement Is Yet Another Blow to MLS Monopolies...
  6. Outlying Locations Will Have Highest Share of Hotel Room Increases...
  7. New Jersey Campus`s New Purpose Showcases Biomanufacturing Site Bull Market...
  8. After A Crisis Of Confidence, Data Center Developers Again Put Their Faith In Small Nuclear Reactors ...
  9. Nike Finds a Unique Office Space in a Thriving Los Angeles Tech Hub...
  10. Amazon scraps plan to use fuel cells, powered by natural gas, to run Oregon data centers...
  11. Inner Ring Submarkets Lead Multifamily Rent Growth ...
  12. Compass Datacenters Buys 120 Acres Near Phoenix For New Campus ...

   ...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...

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Opinion | As BRT and rezoning advance, recall Paul Soglin’s narrative


In my 15 years of writing weekly columns, no topic has touched a nerve quite like my series on local rezoning and transportation issues this spring.

Never have I received as many heartfelt thanks from both acquaintances and strangers, in writing and face-to-face. They agree that diluting residential zoning protections and altering street patterns to favor bus rapid transit and bicycles are not positive steps for Madison. You speak for us, they tell me, and they thank me for enduring the blowback.

That blowback has been the most pronounced and personally directed as on any topic in all those years of writing. I am cast as a selfish, out-of-touch elitist, even as a racist. Whatever I have written or done before, the critics see themselves as the true progressives, and malcontents like me deserve scorn.

My sin has been pushing back against zoning changes designed to take rights from residents, mostly longtime homeowners, and make it easier for developers to build more and larger apartment buildings on sites that heretofore would be less accessible to them.

Proponents of the zoning changes, including Mayor Satya Rhodes-Conway and her allies on the Madison City Council, contend that changing zoning limits is imperative to accommodating population growth. And, in their view, so is bus rapid transit, whose fundamental disruption to automobile movement on major arteries is only now becoming fully understood.

The mayor, council, and outspoken advocates for that vision possess the bully pulpit these days, and woe unto skeptics like me … and Paul Soglin, the former longtime mayor...



   ...Full Story Here

RSK: The one article, if you only read one, is this one Madisonians.

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ARTIS REIT / Madison Lifestyle Office Portfolio



See All Listings Here...

   ...Full Story Here
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.

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RASCW Events


Description

Escape the chaos of everyday life
and indulge in a self-care journey designed to RESET your balance, REFRESH your spirit and RESTART with confidence.

  • Registration: 9:00 am DETAILS HERE!
  • Live Fully. The secret to getting it all done: 9:30 am Presented by Heather Ewing; Founder & CEO of Abstract Commercial Real Estate
  • Mindfulness in Motion: 11:15 am  A gentle beginner`s yoga and stretching guided by Marca Calvo; Yoga Instructor & First Weber Real Estate Services REALTOR®
  • Lunch: 11:45 am
   ...Full Story Here

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ABSTRACT Commercial Real Estate LLC











219 E Main St,
Mount Horeb, WI

5955
5955 McKee Rd,
Fitchburg, WI
640
640 University Ave
Madison, WI


704 Williamson St
Madison, WI

5955 McKee Rd, Fitchburg,
WI
638
638 University Ave
Madison, WI



See All Listings Here...

   ...Full Story Here

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We just broke ground on America’s first next-gen nuclear facility


Hello from Kemmerer, Wyoming! It’s been just over a year since my last visit, and I’m blown away by how much has changed.

One of the oldest buildings in downtown Kemmerer—once an opera house—has been restored and is now home to a mercantile and a bakery. Just down the street, the owners of the local coffee shop have purchased an 100-year-old building to expand their operation. A law office has opened, and city officials tell me that plans are moving forward for new multi- and single-family housing developments.

I’m thrilled to see so much economic growth happening, because Kemmerer will soon be home to the most advanced nuclear facility in the world. I just left the groundbreaking ceremony for the first-ever Natrium plant, which will bring safe, next-generation nuclear technology to life right here in Wyoming. It’s a huge milestone for the local economy, America’s energy independence, and the fight against climate change...


   ...Full Story Here

RSK: Hope it comes to fruition. Not explained why it is so much safer than other nuclear plants but 2030 is a long way away. Things can happen...

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Madison Commercial Real Estate LLC




2814 Perry St, Madison

1909 W Court St, Janesvile

Commerce St, Lake Delton

2202 W Badger Rd, Madison



SEE ALL LISTINGS HERE




   ...Full Story Here

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`Somebody Lit A Fire`: Interest Rate Stability Reignites Industrial Deal Flow


As interest rates stabilize, investors sitting on mountains of cash are starting to spend their money, and one sector in particular is enjoying the spoils.

After months of muted transaction volume, industrial loans made a triumphant comeback during the first few months of the year.

Despite interest rates remaining at a two-decade high of roughly 5.3%, they are no longer moving. And that alone has been enough to get trades flowing again, industrial players told Bisnow...


   ...Full Story Here

RSK: Stabilization is a good thing when it comes to interest rates. This just shows there is an abundance of money out there waiting to be invested in real estate and the darling seems to be back.

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Knight Barry Title Group



                       608-255-2700  www.KnightBarry.com
   ...Full Story Here
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

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$10B Data Center Campus Kicks Off Near Chicago


The nearly 200-acre project is taking shape on the former Sears headquarters site.

Compass Datacenters, of Dallas, has begun work on a hyperscale data center campus in Hoffman Estates, Ill. The project is taking shape on the nearly 200-acre former Sears headquarters site.

The Chicago-area campus will include five hyperscale data centers and will be Compass’ first hyperscale campus in Illinois. The firm estimates the project’s value on completion at about $10 billion in local investment.

Commonwealth Edison, Northern Illinois’s largest electric utility, will provide infrastructure upgrades for the project, which will include a new onsite substation that will be energized in mid-2026...


   ...Full Story Here

RSK: Great use for a suburban office property. This baby will need a lot of electric horsepower to run at full potential...why the need for a substation on the premises.

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Investors Associated



p1
4901 Eastpark Blvd

p2
2323 Crossroads Dr

p3
2310 Crossroads Dr

p4
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

See All Listings Here...

   ...Full Story Here
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.

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The ShowingTime Settlement Is Yet Another Blow to MLS Monopolies


Following NAR`s commission-splitting lawsuit settlement, a new antitrust suit brought by Zillow against two MLSs over their ShowingTime service suggests that MLSs can no longer exclude competitors. As the real estate industry faces increasing scrutiny, associations must reconsider their promotion of proprietary services to avoid further legal challenges...


   ...Full Story Here

RSK: The Wisconsin MLS is Metro MLS located in Wauwatosa and is the largest MLS in Wisconsin...

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CARW 2023 Events and Resources


Fox Valley Market Update and Project Update & Happy Hour – Presented by Keller

June 27 @ 3:00 pm - 6:30 pm


Join us for this fast-paced event highlighting the latest investments and commercial real estate updates in the Fox Valley.  Hear from leaders in the business and economic development space on the driving forces behind the region’s growth, including innovative industries and strategic partnerships.

Speakers Include:
Scott Lurie – F Street Group
Teresa Knuth – NAI Pfefferle
Charlie Dercks – JRoss
Ryan Scray – RGL Logistics

Where:
Pullmans at Trolley Square
619 S Olde Oneida St, Appleton, WI 54915

When:
June 27th, 2024
3:00 – Registration, networking and bar open
4:00 – Program
5:00 – 6:30 Happy hour, networking and bar open

Cost:
CARW Member $25 | Non-Members $35
Annual sponsors get one complimentary ticket.

   ...Full Story Here

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

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The Gialamas Company, Inc.




8150 Excelsior Dr
Madison, WI


8040 Excelsior Dr
Madison, WI

1289 Deming Way
Madison, WI


8025 Excelsior Dr
Madison, WI

8030 Excelsior Dr
Madison, WI

1200 John Q Hammons Dr
Madison, WI

1241 John Q Hammons Dr
Madison, WI

1255 Fourier Dr
Madison, WI

8000 Excelsior Dr
Madison, WI

918 Deming Way
Madison, WI

8020 Excelsior Dr
Madison, WI

See All Listings Here...


   ...Full Story Here

The Gialamas Company`s premier development. The park has over 57 buildings containing 200+ companies, occupying over 3.0 million square feet.

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Outlying Locations Will Have Highest Share of Hotel Room Increases


Many areas with the highest share of under-construction hotel rooms compared to the current total number of rooms are outside major city centers. South and East San Diego, La Guardia/North Queens, and West Phoenix will have the most significant hotel room inventory share increase among the nearly 700 submarkets tracked by CoStar/STR. However, what is driving the growth in these destinations varies.

In the Southwest, high inventory additions are primarily due to the nation`s largest hotel developments under construction. Along the East Coast, multiple hotel projects with diversified hotel product types have contributed to the increased share of hotel inventory.
   ...Full Story Here

RSK: Hotel expansion is on the rise no doubt. I think part of it is driven by pent up demand after the pandemic ended. Not sure about business travel but recreational is hot at the moment.

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Key Commercial Real Estate, LLC


   ...Full Story Here

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New Jersey Campus`s New Purpose Showcases Biomanufacturing Site Bull Market


A massive repositioning of an office campus in New Jersey tells a larger story about the rush for biomanufacturing real estate across the country.

MetLife Investment Management recently tapped JLL to reposition and sell a nearly 1M SF former AT&T campus in Bedminster, believing the best way to move the 197-acre site is to target biomanufacturing and advanced manufacturing clients...


   ...Full Story Here

RSK: Obviously certain portions of the lab and life sciences sector are in higher demand such as the manufacturing of product and not just research. Just look at Exact Sciences which does R&D as well as manufacturing of their products. Hope Sara Investments on Odana Rd finds some success soon.

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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





See All Listings Here...

   ...Full Story Here

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After A Crisis Of Confidence, Data Center Developers Again Put Their Faith In Small Nuclear Reactors


In recent months, the reports of increasingly dire power constraints facing data center developers have been accompanied by growing hype around powering data centers with small nuclear reactors.

Also known as microreactors, an informal distinction based on size, these reactors range in output from less than a megawatt to 300 MW. They are closer in scale to the power plant on a Navy submarine than a traditional utility-owned nuclear power station.

But excitement around small-scale nuclear turned to skepticism and disillusionment for some in November when a project that was set to be the first commercial SMR built in the U.S. fell apart amid skyrocketing costs. Many industry leaders, even those who had been among the most enthusiastic boosters of the technology, began to publicly walk back their expectations that nuclear data centers could be near-term answers to the industry`s power challenges...


   ...Full Story Here

RSK: Like I said, data centers are energy hogs and now nuclear reactors are back in the spotlight.

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Reinhart



Milwaukee: 414.298.1000
Madison: 608.229.2200
Waukesha: 262.951.4500
   ...Full Story Here

With the largest Real Estate Practice of any law firm in Wisconsin, Reinhart offers clients custom-tailored real estate insight.

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Nike Finds a Unique Office Space in a Thriving Los Angeles Tech Hub


Many U.S. cities have fought to attract tech founders and create thriving entrepreneurial ecosystems over the years. Some, like the famous Silicon Valley, have succeeded in doing so. You can tell every time a city wants to try and replicate the success of the Bay area whenever you hear nicknames for tech hubs that use the word ‘silicon.’ Cities have gone all-in with these nicknames, leading to sometimes silly results, such as Silicon Alley in New York City, Silicon Desert in Phoenix, Silicon Forest in Portland, Oregon, and Silicon Slopes in Utah.

In Westside Los Angeles, they’ve gone with the colloquial name of Silicon Beach, an area that’s home to more than 500 technology companies. The Silicon Beach term is applied to the coastal strip from L.A. International Airport north to the Santa Monica mountains. It encompasses several neighborhoods, such as Playa Vista, Santa Monica, Venice, and Culver City. Prominent tech firms like Google, Hulu, Snapchat, and Facebook have established offices in the area, as have startups in various industries, from entertainment to health tech to e-commerce. The result has been a dynamic ecosystem of innovation that also provides a vibrant cultural scene and a high standard of living.
   ...Full Story Here

RSK: Again this shows the flight to quality, uniqueness and amenities in the office sector.

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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 Here

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Amazon scraps plan to use fuel cells, powered by natural gas, to run Oregon data centers


Amazon has quietly withdrawn its regulatory application to use natural-gas powered fuel cells to provide electricity for its data centers in eastern Oregon.

The Seattle-based company first proposed the Oregon fuel cells in 2022, hoping to overcome electrical transmission constraints at its data centers in Morrow County. Amazon proposed using fuel cells from a California company, Bloom Energy.

Climate watchdogs and environmental advocates raised the alarm, saying the fuel cells would contribute to climate change and make Amazon a major customer of the controversial Gas Transmission Northwest pipeline, which runs from British Columbia to California...
   ...Full Story Here

RSK: I guess you can`t have your cake and eat it too. You want data centers, but they use astronomical power...which in turn means carbon emissions. So, what is your choice to power the huge electric consuming centers

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Park Towne Realty LLC




   ...Full Story Here

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Inner Ring Submarkets Lead Multifamily Rent Growth


Fewer people may be working full time in Downtown offices, but renter demand has been keen for living in urban-adjacent neighborhoods that offer walkability and proximity to entertainment and other amenities. Since Q1 2022, submarkets that are immediately adjacent to Downtown (so-called Inner Ring submarkets) have seen annual multifamily rent growth of 3%, outstripping lower-density suburbs and office-dominated Downtowns. The traditional suburbs have also benefited from millennials—an urban-inclined generation—forming families and seeking more space.

Current trends likely have staying power. With more companies requiring employees to work from the office, at least part of the time, Inner Rings shorten commuting times, while catering to lifestyle choices that place a premium on walkability and increased living space...


   ...Full Story Here

RSK: I would have to say this is true in Madison as well...the East and West Washington corridors...Park Street etc. But Campus seems to reign supreme.

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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 Here

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Compass Datacenters Buys 120 Acres Near Phoenix For New Campus


Compass Datacenters has acquired 120 acres for a data center campus in El Mirage, Arizona, around 20 miles northwest of Phoenix.

Compass purchased the property from logistics real estate firm Dermody Properties in a $79.3M deal, the Phoenix Business Journal reports. The parcel, part of Dermody’s 961-acre warehouse and industrial development area known as the LogistiCenter at Copperwing, is the second in the complex to be sold off for data center development in as many weeks.

On May 31, Microsoft paid Dermody $258M for 283 acres in El Mirage in a cash transaction, adding to the 150 acres the tech giant already owns north of the site, the PBJ reported. Microsoft has already broken ground on data center projects in the city...



   ...Full Story Here

RSK: I certainly hope they have ta good power grid to run those new data centers...they are energy hungry.

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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



See All Listings here...



   ...Full Story Here

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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
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


   ...Full Story Here

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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

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