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This Weeks Articles...

  1. Goldman Sachs now thinks the Fed will hike rates four times in 2022 and start slashing its balance sheet in July
  2. Omicron threatens to mess retail up
  3. Commercial Real Estate Could be Poised for Continued Lending Growth in 2022
  4. Rents Cheaper in Cities, Homeownership in Rural Regions
  5. The CEO of a software company offers new staff $5,000 to resign after two weeks. He says it`s helped him retain top talent.
  6. Flavor of the Week: Wisconsin’s favorite – cheese curds
  7. building for sale - Stoughton Strip Mall
  8. building for lease 313 W Johnson Street - Madison, WI
  9. ‘We’ve Had Outrageous Demand’: Flex Operators Benefiting From Office Market Shifts
  10. building for sale Odana Antiques 6201 Odana Rd, Madison, W
  11. Macy’s is closing more stores this year. Here’s a map of which ones are on the list
  12. building for lease 8 S. Carroll Street 8 S Carroll St, Madison, WI 53703
  13. Starbucks readies its workforce for Biden’s vaccine-or-test mandate
  14. KFC`s new menu item tastes like chicken (but isn`t)
  15. building for lease VILLAGE CROSSING 114 E Main St, Waunakee, WI
  16. More restaurant employees are quitting than any other industry
  17. Port of Los Angeles traffic sets record in 2021
  18. Omicron variant likely to fuel inflation, as Americans keep shopping rather than dining out and traveling, retail trade group economist says
  19. Brew Crossword: Name that jingle


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Goldman Sachs now thinks the Fed will hike rates four times in 2022 and start slashing its balance sheet in July

Goldman Sachs now thinks the Federal Reserve will hike interest rates four times in 2022 as it grapples with red-hot inflation, having previously penciled in only three rate rises.

The Wall Street giant said in a Monday note it believes the Fed will start selling some of its assets as early as July. The central bank currently holds almost $9 trillion worth of bonds, mainly government ones.
  • Goldman Sachs said it now expects the Federal Reserve to raise interest rates four times in 2022.

  • The Wall Street giant also predicts the Fed will start reducing its balance sheet in July or even earlier.

  • Goldman`s analysts said the labor market is strong and wages are rising, adding to pressure on inflation.
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RSK: I guess we all saw this coming, especially with all the Fed spending and inflation....the key is how much and how fast.

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Bisnow`s 20 Most Popular Stories Of 2021

Reading through Bisnow’s top 20 most-clicked stories of 2021 is a bit of a journey through the anxieties of commercial real estate. The struggles of malls, return-to-office conundrums, construction costs and what a Biden presidency might do to beloved CRE programs dominated this year’s list — and remain issues that look to loom large again in 2022.

But some say you must face your pain to overcome it, so grab a drink and take a trip through the stories that resonated most with readers this year.

20) Retail Owner Misses Debt Payment Days After Prepaying Executive Bonuses

19) After A Year Of Working From Home, The Covid Office Shakeup Is Just Getting Started

...

2) Signs Of Lumber Bubble Bursting Offer Relief To Developers

1) D.C. Claims Eminent Domain To Seize Infamous NoMa Wendy`s Site


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RSK: Wow...a couple of good ones here...especially looking back in time hindsight is everything.

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2021 Year-in-Review: CRE`s 11 Most Important Stories

From the office sector`s repeated setbacks to unprecedented demand for industrial space to climate change`s adverse impact on commercial real estate investments, here are some of the most important stories of 2021.

This was supposed to be the year the pandemic ended. The rapid development and distribution of several highly effective vaccines was supposed to bring with it a return to normalcy. Instead, new variants—enabled in part by vaccine hesitance and failure to equitably distribute vaccines globally—brought new waves of cases and deaths and created repeated setbacks. The year ends in the U.S., almost incomprehensibly, with new records in seven-day averages in confirmed cases. And it’s unclear how long the Omicron surge will last both domestically and globally (although indications from nations that were hit first suggest it may, thankfully, be a short wave)...

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ARTIS REIT / Madison Lifestyle Office Portfolio


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Madison Lifestyle Office Portfolio comprises 16 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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Nation’s Restaurant News’ 20 most-read stories of 2021

Our most-read stories of 2021 were much less coronavirus-dominant than last year, but still some clear themes emerged.

In addition to our annual reports, such as the Top 500 and the Power List, readers jumped into content about marketing moves, restaurant redesigns, CEO salaries and more...

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RSK: Omicron sure has been a paradigm shift hasn`t it.

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2021 Midwest Real Estate News Best of the Best
Midwest Real Estate News recently released its 2021 Best of the Best issue, highlighting the top commercial real estate professionals throughout the Midwest. This special issue lists the top-ranked brokers, construction companies, developers, direct lenders and owners. The issue also features the best property management firms, real estate law firms and financial intermediaries in the business. ...
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RSK: More "Best of 2021"

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Omicron threatens to mess retail up
The Omicron variant of COVID-19 is now, according to several accounts, the fastest spreading virus in history with over one million cases reported yesterday in the U.S.

News of the virus’s progress is creating a new wave of disruption in retail operations as workers, already in short supply in many businesses, are forced to stay home after testing positive. Consumers, themselves hit with the variant or seeking to avoid getting it, are turning to online ordering for delivery or curbside pickup in greater numbers...


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RSK: The comments at the end are really the heart of the matter. Fun to read them.

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The Gialamas Company, Inc.

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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.

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Port of Los Angeles traffic sets record in 2021
 (CNN)A record-setting 10.7 million 20-foot containers passed through the Port of Los Angeles in 2021, up 13% from the previous record set in 2018.

And that pace is set to continue, according to Gene Seroka, executive director of the Port of Los Angeles. "I don`t see us falling off a cliff," Seroka said. "I don`t see the American consumer changing their buying habits."

For 18 months now, the Port of Los Angeles has received 900,000 container units per month. Pre-pandemic, just one month with numbers like that would have been a record.

"We`re running now about 17-18 ships a day that are working in port. That`s 70-80% higher productivity than we ever had before Covid-19," Seroka said...
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RSK: Good article on why it is still a bit back logged. Also, if they slow the rate that ships can anchor off port and keep them at sea longer, the perceived back-log doesn`t look so bad...but it is still there...turning a blind eye to the problem I guess, or just slow the bleeding even though you cannot stop it.

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2021 Year-in-Review: WMRE`s Top 10 Podcasts

A look back at 10 of the best conversations we had with CRE pros in 2021.

It was supposed to be the year that we moved past the COVID-19 pandemic. Instead, we are ending 2021 with yet another variant causing a surge that`s throwing a wrench into a full return to normalcy.
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RSK: Some good ones here if you have the time...download and listen in your car.

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Commercial Real Estate Could be Poised for Continued Lending Growth in 2022

"There are going to be the haves and the have nots and weaker office buildings are going to die at a faster rate."

fter commercial real estate lending volume rebounded from a challenging 2020, the number of deals is poised to soar further this year in a higher interest-rate climate, according to industry experts with whom Commercial Observer spoke as 2021 drew to a close.

Total CRE debt from commercial banks grew by $116 billion as of Dec. 1, 2021, compared with 2020, when the market was largely stalled during the height of the COVID-19 pandemic, according to numbers from data analytics firm Cred iQ. Private label securitization also spiked in 2021, to $159 billion, from $63 billion in 2020, with Cred iQ estimating a slight increase to $161 billion for 2022...
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RSK: Commercial real estate is still a good investment. Inflation hedge or not, the returns are over and above most other semi-safe investments.

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Rents Cheaper in Cities, Homeownership in Rural Regions

Despite home prices that have continued to skyrocket and interest rates creeping up, owning a median-priced house remains more affordable than renting in a slim majority of U.S. counties, according to a new report from ATTOM Data Solutions—though in most large metros renting is cheaper.

In 58% of counties, the monthly cost of owning a home takes up a smaller percentage of an individual’s wages compared to monthly rental costs, the report found. At the same time, in 21 out of the 25 most populous counties, renting was the more affordable option.

“Home prices are rising faster than both rents and wages while wages rise faster than rents. And the housing market boom of the past decade keeps pushing home values to new records,” said Todd Teta, chief product officer at ATTOM, in a statement...


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RSK: Yes, rents and home ownership ,is less outside major cities and more rural counties but, those prices have risen proportionately as well.

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ABSTRACT Commercial Real Estate LLC






Heather Ewing - 608.239.4781 - Heather@ABSTRACT-CRE.com

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Hy-Vee creates its own armed security squad to deter crime
Hy-Vee last week announced the introduction of an in-house armed security team to manage theft and in-store disturbances.

The Midwest grocery chain said in a statement that it has long worked with third-party contractors or off-duty law enforcement that work in a security capacity. The goal of bringing it in-house is “to create a consistent look for the security team and consistent approach to customer service and security across all [its] stores.”

The move is also meant to address the rise in retail crime...
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RSK: Will be interesting to see how this works out in Madison WI. I am sure someone will cry "foul"!

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The CEO of a software company offers new staff $5,000 to resign after two weeks. He says it`s helped him retain top talent.
Many business owners in a wide range of industries have struggled to find and retain staff amid a nationwide labor shortage.

In November, a record 4.5 million Americans quit their jobs. In many cases, people have cited poor working conditions and low pay as factors.

In an attempt to secure workers, businesses have been hiking wages, offering hiring bonuses, and providing education benefits to attract more staff.

  • Trainual is a software company that takes an unusual approach to staff retention.

  • The CEO told Insider that paying new hires to leave helped maintain a strong company culture.

  • "It`s a powerful thing for them to turn down the cash, opt in, and commit," he said.
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RSK: Like the article states...the people he offered this to were making $80,000+ per year so I guess it depends on the level of pay to see if it works. Or, you might be able to offer less if their annual pay is less. Something to think about.

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January 2022 - Cirex Digital Version

  • Hundreds of property listings, organized for easy browsing.
  • New properties are featured every month.
  • Property/Drive CIREX Members alphabetically listed in our extensive directory.
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Flavor of the Week: Wisconsin’s favorite – cheese curds
A Midwestern staple and a key component of poutine, cheese curds are a squeaky treat when served on their own, but they’re also often battered and fried.

As a standalone appetizer, fried cheese curds are often served with ranch dressing or marinara sauce for dipping, and they may incorporate garlic, jalapeño or other flavors.

As part of poutine, cheese curds top French fries doused in a tangy gravy. These days that dish is often augmented with spicy toppings, breakfast foods such as eggs, or assorted Asian or Latin flavors....
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RSK: Cheese curds are finally getting the fair share of the menu...of course, here in Wisconsin, we`ve been eating them since we were knee high or even ankle high!

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building for sale - Stoughton Strip Mall

981 N. Page St. Stoughton Strip Mall

Home to the local Citgo, Stoughton Liquor, Yeti Pizza, laundromat and storage units in the rear. The building is very diversified with low maintenance tenants. An Ideal investment...

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All the bankruptcy news from around the restaurant industry in 2021
It was a bizarre year for restaurants where bankruptcies are concerned, with very few filing and none after early June, perhaps partially due to courts being closed and short-staffed throughout the pandemic.

Still, there was a lot of interesting news in the restaurant finance world. Many chains that filed bankruptcy in 2020 restructured and emerged in early 2021, including Punch Bowl Social and Ruby Tuesday. The brand now known as Beatnic, formerly By Chloe, at long last resolved ongoing legal disputes, emerged from bankruptcy and fully rebranded throughout the year...
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RSK: Although bankruptcies have slowed to a crawl, we lost some real good ones. Lots of space to be had or kitchens to takeover.

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building for lease 313 W Johnson Street - Madison, WI

TURN-KEY KITCHEN | 332 Built-In Customers

Heaven on Earth! This TURN-KEY location is ideal for an established operator looking to lease at a prime location. 332 Built-in Customers as this is an established Mixed-Use development near the upcoming Target, proposed Mixed-Use development by Core Spaces, the Overture as well as various local and regional retailers. Enclosed parking (2 stalls) as well as street and various nearby City ramps for the 24,850 VPD + approx. 2M pedestrians annually within steps of your entrance. Designated #6 in the nation for Top Livability according to SmartAsset`s 2021 study.

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What new worker challenges does the Omicron variant present?
While employers have made great strides in offering worker protections against the dangers of  COVID since March of 2020, some grocery employees say the rapid spread of the Omicron strain is shaping up to be the same kind of mess they’ve seen before.

Grocer staff in California told the Los Angeles Times that the emergence of the Omicron variant has not prompted employers to provide better or more protections for store workers. Staff shared anecdotes of abusive customers, the lack of new specific guidance for addressing the new variant and the failure of stores to provide updated instructions on how to handle infected fellow associates...
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RSK: Nothing here other than the Omicron variant is faster spreading but less severe...especially if you have been vaccinated and had a booster and no major underlying health concerns. I still say, if you are fully vaxed and no underlying health conditions get back to the office. If you are worried wear a mask, which helps a little. Others can stay home and WFH if possible. We will reach herd immunity sooner than people think....and above all, start living a healthy life style!...

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Building For Lease: The Monona Executive Bldg - 4915 Monona Dr Monona WI

Across from Golf Course on newly revamped Monona Dr. Many suite sizes available from 100 sf up to 2,300 sf. Spaces can be combined for smaller/larger suites. Plenty of parking and new improvements going in. Rates from $10-$12 per sf. Common Conference room. 3 floors with elevator. Easy access to beltline and interstate, downtown.

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Wisconsin Commercial Real Estate

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Our focus is your focus, our goals are your goals.

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How to invest in real estate: Your complete guide to building up a portfolio of properties, according to experts

Investing in real estate can be one of the most effective ways to build wealth. 

But it can also be a difficult thing to get started in, with often-prohibitive down payments and marketplace competition driving up prices to unattainable heights. The process can also be intimidating to first-time investors financially, legally, and in terms of time commitment.

  • Investing in real estate can seem daunting
    .
  • We`ve compiled a list of our stories with expert advice for having success in the space.

  • Tips range from financing strategies to how to overcome being intimidated.
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RSK: A few things stick out in this article. First, with institutional investors getting into the single family buy to rent or flip, it has become a tough market. Secondly, why not go for some commercial property instead? Less headache in managing it and you can always put together an LLC or Partnership. Just a thought.

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‘We’ve Had Outrageous Demand’: Flex Operators Benefiting From Office Market Shifts
Flexible office operators WeWork and Launch Workplaces said they experienced strong growth last year as the hybrid work shift led office tenants to seek more flexible options. Experts believe that demand will continue to surge in 2022, and they see traditional office landlords adopting some of the amenities and other offerings that have made coworking spaces popular.

Mike Kriel, CEO of Maryland-based Launch Workplaces, said he`s seeing interest from plenty of first-time tenants, in addition to building owners looking to emulate the amenities and flexibility of coworking space...
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RSK: There will be many conversions to flex space since the supply of regular old school offices is a plenty. Only bright side is, if you own buildings with small office suites, their is a demand for that. Work from home (WFH) people need to get out of the house periodically.

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building for sale Odana Antiques 6201 Odana Rd, Madison, W
Former Odana Antiques site now available for sale. This 2.76 acre site has exceptional exposure along the Beltline Highway with 83,000 vehicles per day. The building consists of a ~27,909 sf showroom with a ~17,141 sf warehouse with 2 enclosed loading docks and 1 double garage door. Ideal for single tenancy or easily demise for multi-tenant use...

Price:   $3,950,000


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CARW 2022 Events and Resources
CARW New Member Orientation January 13
January 13, 2022 @ 8:00 am - 9:30 am   
CARW 1st Floor Conference Room, 250 E Wisconsin Ave
Milwaukee, WI 53202

Join us for this in-person opportunity to learn all about CARW and have your questions answered. No fee to attend!

What to Expect in 2022?
Commercial Real Estate Insights Luncheon with Economist and Futurist KC Conway
January 19, 2022 @ 11:30 am - 1:30 pm   
Pfister Hotel – Rouge, 424 E Wisconsin Ave.
Milwaukee, WI 53202 United States

Yogi Berra said "The Future Ain`t What it Used to Be", and after 2020 and 2021, who could disagree? We are pleased to welcome economist and futurist KC Conway, the mind trust behind Red Shoe Economics, LLC, an independent economic forecasting and consulting firm, who will dare to gaze into the future! Kiernan “KC” Conway, CCIM, CRE, MAI is the mind trust behind Red Shoe Economics, LLC, an independent economic forecasting and consulting firm furthering KC’s mission as The Red…

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

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Macy’s is closing more stores this year. Here’s a map of which ones are on the list
Macy’s has released a list of the handful of department stores that it plans to close this year.

It includes six full-line department stores, a Bloomingdale’s outlet shop and a Macy’s store that the company said already closed last year but was never announced publicly.

The Bloomingdale’s location at Miromar Outlets in Estero, Florida, is set to shutter by the end of the fiscal fourth quarter, Macy’s said. The six full-line locations should close by the end of the first quarter.

Key Points
  • Macy’s has released a list of the handful of department store locations that it plans to close in the first quarter of this year.

  • It includes six full-line department stores, a Bloomingdale’s outlet store, and a Macy’s store that the company said already closed in 2021 but was never announced publicly.

  • Macy’s will offer impacted workers at these locations severance packages or other roles at nearby stores, according to a company spokeswoman.
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RSK: Don`t worry Madison people...the Macy`s at Hilldale is very much alive, although short staffed.

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building for lease The Edge 309 S Blount St, Madison, WI

U L T I M A T E FRONTAGE

Enjoy the sunrise over Lake Monona with > 90` of Frontage at this newer BTS Mixed-Use development. Parking is made easy with both Covered Parking and an additional parking lot or access the Bike Path on the same block! This space bridges E. Washington, Williamson/Atwood and the First Settlement District which is ideal for pedestrian traffic and >28,500 VPD. Enjoy Built-In Customers with 55 Beds at the property. Design the space to fit your needs. Ask me about the $10,000 grant!

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building for lease 8 S. Carroll Street 8 S Carroll St, Madison, WI 53703
Great location on the Capitol Square surrounded by long-term tenants such as Cooper`s Tavern, Septi Fitness, Fromagination, Genna`s Lounge, and more. Simple changes will expand this open concept with kitchen area and reduce build-out costs as the restroom is already installed. Nearby parking garage and easy access for bicycle and bus transit. Be amidst new development projected for the Square and Judge Doyle Square. Additional Lower Level is 2790 SF at $21/SF NNN.
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Reinhart Boerner Van Deuren s.c.

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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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Starbucks readies its workforce for Biden’s vaccine-or-test mandate
Starbucks is readying its workforce to comply with the Biden administration’s vaccine-or-test Covid requirements for private businesses.

The Occupational Safety and Health Administration is mandating that private companies with at least 100 employees enforce weekly Covid testing and masking for unvaccinated workers as part of a broader plan to encourage vaccinations and slow viral spread. The mandate has faced court challenges from Republican-led states and business groups, and the Supreme Court is expected to hear oral arguments on the matter Friday.
  • Starbucks is readying its workforce to comply with the Biden administration’s vaccine-or-test Covid requirements for private businesses.

  • OSHA is mandating the private companies with at least 100 employees have to enforce weekly testing for unvaccinated workers, although legal challenges have brought the matter before the Supreme Court.

  • Starbucks also updated its policy dealing with how long baristas should isolate after contracting Covid-19, following the CDC’s new guidance.
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RSK: I wonder what companies like Starbucks will think when they look back 5 years from now. Should be interesting.

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building for lease THE BOULEVARD 3318 University Ave, Madison, WI

Turn-Key Kitchen

Ancora Cafe + Bakery has outgrown their space! This is an ideal turn-key opportunity in the highly desirable Hilldale area. Close proximity to downtown Madison, the beltline or Middleton. Space is available as of May 1, 2021. Enjoy a beautiful build-out, outdoor patio area and parking at your door. FF&E is available for sale. Near solid retailers such as Whole Foods, Penzey`s Spices, Great Clips, University Hills Dental, The Joint Chiropractic, AT&T and more. Terrific visibility with 54,650 VPD. Hurry, as this space will lease quickly!
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Commercial Brokers Group

Welcome to Commercial Brokers Group, Inc.


The Commercial Brokers Group, Inc. is a network of commercial real estate professionals located in the Madison, Wisconsin area.  The group was originally initiated by a few brokers in order to increase networking opportunities and cooperation among local real estate professionals, and has now grown to approximately 200 broker members and affiliated real estate industry professionals.   ...more

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IA Management

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IA Management is a full service property management company located in Madison, Wisconsin. Our objective is to be a profitable leader in both commercial and residential real estate.

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building for lease 2960 Triverton Pike Dr Fitchburg, WI

Centrally Located

Perfectly located off of Fish Hatchery for access to downtown Madison or Hwy. 12/18 to Middleton or Milwaukee/Chicago. The property includes two office spaces. SUITE 202 - Available Now has 850 SF with 3 offices, reception area and open breakroom. SUITE 205 -- Available Fall 2022 has 2500 SF with 7 offices, conference room, breakroom, and reception area. Strong Tenancy with Noodles, Starbucks, Walgreens, The UPS Store, The Great Dane or Pick N` Save and various alternatives. Enjoy the best of both worlds--over 20,000 VPD with the backdrop of mature tree lines and multiple bike paths as Fitchburg is designated a Bicycle Friendly Community by the League of American Cyclists.

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First Look: Check out Bloomingdale’s new small-store concept

Bloomingdale’s has opened its first-ever location under the “Bloomies” banner.

Located in the Mosaic District lifestyle center of Fairfax, Va., the 22,000-sq.ft. store offers a highly curated assortment of contemporary and luxury brands, tech-enabled stylists, convenient services and an on-site restaurant with indoor and outdoor seating.  ( (By comparison, Bloomingdale’s department stores  generally average 150,000 sq. ft. to 200,000 sq. ft.)

The store experience interprets the iconic Bloomingdale’s aesthetic in a fresh way, with new design concepts to drive customer discovery and highlight rotating trends. Unique carts are positioned throughout the space, showcasing fresh finds...

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RSK: We will see how this turns out. I like the idea. As a guy, I want a quick in and out. I want to be able to try clothing on and I want quick and easy returns. I think women like the romance of shopping more than us men.

Ken Notes: The new challenge in retail is the number of SKU`s you need for each item, trying to have every size and color is a huge challenge as things get smaller...

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KFC`s new menu item tastes like chicken (but isn`t)

New York (CNN Business)Kentucky Fried Chicken is going to sell a new menu item that contains no chicken — but tastes like it does.

The new plant-based fried chicken nugget alternative, called Beyond Fried Chicken, will be added to menus nationwide beginning Monday, Jan. 10 for a limited time. It marks the first instance of a large national chain selling plant-based chicken products rather than the hamburger or sausage alternatives that have become increasingly common, the chain said.
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RSK: This looks like a good transaction for both parties. Asian investors are a bit leery since China`s largest owner of real estate has defaulted on many of its loan calls. They obviously want cash.

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High Point Office Park

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High Point Office Park is an 11-building, 217,418 square foot office park located in one of Madison, Wisconsin’s finest western locations.

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Indianapolis’s first mall is about to enter its third phase with residential units

When Glendale Shopping Center opened in 1958 with a concourse connecting the William H. Block and L.S. Ayres department stores, it was the city’s first mall. It was designed by Victor Gruen, the architect who had designed America’s first mall, Southdale Center, in Edina, Minn...

...Now Glendale has entered its third phase. Kite has partnered with Milhaus, a national developer of residential buildings, to build a 267-unit apartment complex in an under-utilized parking lot called AYR...

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RSK: You know I like to see this mixed use at Malls. Plenty of land to work with. Will be interesting to see the concepts Madison comes up with for East Towne Mall.

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building for lease VILLAGE CROSSING 114 E Main St, Waunakee, WI
Charming space with exposed brick, high ceiling, partial hardwood flooring, and abundant sunlight leads to a large outdoor patio. Ideal location for a breakfast operator or cafe, restaurant, or a creative design/decore firm. Enjoy density in a relaxed environment with 5:1000 parking. Co-Tenants include Lone Girl Brewing Company, Orange Shoe, Edward Jones, Knight Barry Title, Medispa and more...
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Knight Barry Title Group

                       608-255-2700  www.KnightBarry.com
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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

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Data Finds Americans Moved Less During First Year of Pandemic
You’re probably familiar with the headlines that suggest that the pandemic forced mass migration out of crowded cities. However, recent U.S. Census Bureau data indicates a contrary trend.

Data released on Nov. 17 found that roughly 27.1 million Americans reported living in a different residence than a year earlier—down from 29.8 million in 2020. The findings marked the lowest rate of movement that the bureau recorded in 70 years—an 8.4% mover rate.

Experts say the findings also indicate a decades-long trend that has been exacerbated by various factors predating the 2020 outbreak of COVID-19...
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RSK: This is interesting. It is not just us Baby Boomers who have decided to remain in our too large of homes rather than downsizing and/or going into a condo. There are other factors at play here...

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More restaurant employees are quitting than any other industry
The Bureau of Labor Statistics’ November data shows that the quit rate for the foodservice industry has grown from 4.8% to nearly 7% in one year.
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RSK: This doesn`t come as any surprise. I have seen some very rude people at restaurants as they take it out on a server or bartender. That should not happen and the pay needs to increase. Tips are no as forthcoming for the whole staff and back of the house. This is not an easy situation to fix.

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FoodFight Restaurant Group - WELCOME


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Port of Los Angeles traffic sets record in 2021
 (CNN)A record-setting 10.7 million 20-foot containers passed through the Port of Los Angeles in 2021, up 13% from the previous record set in 2018.

And that pace is set to continue, according to Gene Seroka, executive director of the Port of Los Angeles. "I don`t see us falling off a cliff," Seroka said. "I don`t see the American consumer changing their buying habits."

For 18 months now, the Port of Los Angeles has received 900,000 container units per month. Pre-pandemic, just one month with numbers like that would have been a record.

"We`re running now about 17-18 ships a day that are working in port. That`s 70-80% higher productivity than we ever had before Covid-19," Seroka said...
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RSK: Good article on why it is still a bit back logged. Also, if they slow the rate that ships can anchor off port and keep them at sea longer, the perceived back-log doesn`t look so bad...but it is still there...turning a blind eye to the problem I guess, or just slow the bleeding even though you cannot stop it.

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Crown Commercial Real Estate/Development, LLC
Sponsor

Offering real estate services and design-build construction solutions for growth oriented clients...   ...more

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Building For Lease: 2017 Winnebago St Madison WI

Eclectic Schenks Corners. A bit of old and new mixed in the build out. Up to 2 bays remain 940 sf &1,680 sf. 1,680 sf is perfect for a coffee shop with old brick & beams exposed. Spaces can be combined. Tenant pays utilities. Exposed brick, heating, wood, skylights and more. 2 Units have basement for use.

Also:

Building For Lease: 2015 Winnebago St 101 Madison WI

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Omicron variant likely to fuel inflation, as Americans keep shopping rather than dining out and traveling, retail trade group economist says

The spread of the highly infectious omicron variant is likely to fuel more inflation, as Americans keep shopping instead of spending more outside of the home, according to the National Retail Federation’s chief economist, Jack Kleinhenz.

The major retail trade group’s advisor said Wednesday in a news release, however, that he does not expect the latest wave of Covid cases to prompt an economic slowdown or a shutdown of businesses.
  • Omicron could inspire more people to buy goods rather than services, which would compound inflation as demand remains high and supply chain challenges continue, National Retail Federation’s chief economist, Jack Kleinhenz, said.

  • The latest Covid wave is unlikely to prompt an economic slowdown or a shutdown of businesses, however, the advisor to the retail trade group said.

  • Some restaurants and retailers have had to shutter locations or reduce hours as they cope with short staffing due to Covid or step up sanitizing in coronavirus hotspots.
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RSK: I had to return something at Macy`s the other day and I can attest that this is true. There were only 2 checkout areas on the first floor and one, which was the pick-up and return one, had a mile long line and only two people working. Less staff and shorter hours....

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Building For Lease: 1310 & 1320 Mendota St Madison WI

Just off E. Washington behind the new Hy-Vee. Many suite options ranging from 150 sf to 1,880 sf with rates from $10.00 to $14 gross, depending on size term and TI`s. Landlord pays all. On bus line. Great for non profits, small office/service reps. Interstate and airport a minute away. Agent interest. Controlled storage also available for pharmaceutical reps, suppliers etc...

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The Brew`s 2021 News Quiz
Did you read the Brew this year?
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RSK: Take the Brew Quiz of 2021. I managed 70% but then again I read the Morning Brew daily...

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Brew Crossword: Name that jingle

Across

1 New York Knicks guard Burks
5 One of 16 in 26-Down
9 Pandemonium
14 Grade before jr.
15 Wedding words
16 Tequila source
17 Pleasing, in slang
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RSK: This week`s crossword courtesy of the Morning Brew!

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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 for just $15 for new listings (If it is put into the Cirex Guide no extra charge) and $25 for a banner ad (also free to Guide advertisers).

call 608-345-2880...
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Recent sponsors below...
Thanks you for sponsoring CIREX and Cirexnews.com
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Flad Development & Investment Corp.

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Since 1975, Flad Development & Investment Corp. has emerged as a leader in the development of quality commercial real estate projects in Madison and Milwaukee.

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Ruedebusch Development & Construction

Ruedebusch Development & Construction, Inc. is a highly qualified, vertically integrated full service commercial construction, and real estate development company located in Madison, Wisconsin which offers:

  • Commercial Real Estate Development
  • Design Build Construction
  • Commercial Real Estate Brokerage
  • Economic Development, Commercial Real Estate, and Facility Consulting
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MIG Commercial Real Estate

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"The attention to detail, preventative maintenance, and proactive communication exhibited by MIG makes them a true business partner."

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Evans Properties, LLC.

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Professional Real Estate Management and Sales

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T. Wall Enterprises





Expect Professional Management with a Personal Touch
with every T. Wall Urban Village.

(608) 575-1018 or Contact@TWallEnterprises.com

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Madison Commercial


For lease on Medical Circle - Up to 4,902 SF Available
  •     Currently being remodeled with new elevator
  •     Open floor plans
  •     Under new ownership
  •     Beltline visibility & monument signage
  •     Plenty of parking

call Mike Herl

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NAI Madison

NAI Global is a leading global commercial real estate brokerage firm with over 400 offices worldwide and annually completes more than $20 billion in property-related transactions...

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Masters-hall Appraisal

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ST. Johns Properties
St. Johns
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Five flex/R&D buildings - 138,000+ sq. ft. - Hwy 51 and Hoepker Road - High End Image - Affordable and Flexible Floor Plans - Warehouse - R&D, Light Manufacturing - Showroom

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Compass Properties

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Fiore Companies, Inc.






608-255-5060 or 608-255-8780  info@fiorecompanies.com
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Keller Real Estate Group

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Keller Real Estate Group Understands Local Business Real Estate Needs

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Eldorado Grill

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744 Williamson St.Madison, WI53704 608.280.9378 Hours Sunday - Thursday 4PM - 9PM Friday - Saturday 4PM - 10PM

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Johnny Delmonico`s


130 S. Pinckney St.Madison, WI
608.257.8325
Hours Wednesday - Sunday 4:30PM - 9:00PM


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