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Ralph Kamps
February 2025 Lease Asking Rates
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...
Spring Real Estate Club Career Fair
Tuesday, February 25 | 3:00pm – 6:00pm
Join us for the Career Fair and you will meet with talented young real estate professionals who are ready and eager to make significant contributions to your company through internships and entry and mid-career levels positions. Our goal is to host more than 60 employers all eager to hire Badger Real Estate Students for both full-time and internship positions.
Students and employers are now able to register for the Spring 2025 Real Estate Club Career Fair.
Investors Associated
See All Listings Here...
...Full Story HereIndustrial Market Statistics | Q4 2024
FULL REPORT
...Full Story HereRSK: Vacancy is highest on the coasts but that is whether most of the structures are located. Construction is down, so those vacancies should start to fill.
ABSTRACT Commercial Real Estate LLC
 219 E Main St, Mount Horeb, WI |
 5955 McKee Rd, Fitchburg, WI |
 640 University Ave Madison, WI |
 704 Williamson St Madison, WI |
 5955 McKee Rd, Fitchburg, WI |
 638 University Ave Madison, WI |
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...Full Story HereAfter The Apocalypse: Why The Pandemic And E-Commerce Didn’t Kill Off Physical Stores
When Triple Five Senior Vice President of Development Kurt Hagen sat down at a local municipality meeting in early 2021, he was ready to burn down the $5B house.A year of stop-start pandemic lockdowns and restrictions had turned the opening of the long-delayed American Dream mall into an American nightmare. Pretty much the moment Triple Five had thrown open the 3M SF complex`s expensively manufactured doors, it had to slam them shut again, and Hagen could no longer hide his emotions.
RSK: As predicted, retail will be a blend and mix of online and physical operations. It is still one of the hottest sectors in CRE.
ARTIS REIT / Madison Lifestyle Office Portfolio
Chinese AI Startup Leads U.S. Data Center, Energy Stocks To Plunge
While the best models from U.S. tech firms still outperform R1, the efficiency of the Chinese model reportedly had Meta engineers “in panic mode” and has generated amazement from tech leaders like venture capitalist Marc Andreessen, who wrote on X that it is “one of the most amazing and impressive breakthroughs I’ve ever seen” and AI`s “Sputnik moment.”...
RSK: And plunge they did...but I would be very weary about what a Chinese company has to say until proven true. ChatGPT is still a much better program. Maybe they can figure out how to use less power and chips as well.. In either case, the Data Centers sector of CRE will cool off for now until this is all settled out. If you are involved in any of the speculation I would take heed.
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 608-345-2880
SEE ALL LISTINGS HERE
...Full Story Here
`Less Time And Less Money`: Why It`s Really Off To The Races For The Blazing Fast-Casual Sector
Years after inflation began rising substantially in the U.S., even financially comfortable commercial real estate brokers admit they are finally starting to cringe at food prices.Pain in the pocketbook is trickling down. And as money fears hit consumers, a hastening influx of fast-casual restaurant brands is flooding the market at greater velocity than ever before.
The chains are swooping in to meet demand, expanding an already strong market share and setting them up to ride the wave of a Wall Street-supported real estate explosion. And commercial real estate is growing increasingly competitive to sync along with it...
...Full Story Here
RSK: And why is Chipotle the top gun in this expansion mode? They are amassing a significant chain of real estate.
CARW 2023 Events and Resources
Coffee with CARW
County Executive
Paul Farrow
February 11 @ 8:30 am - 10:00 am
Key topics include:
- Economic Development: Business growth & retention
- Real Estate: Housing availability and affordability and low industrial vacancy rates
- Public Safety and Transportation
- Regional Collaboration & State Advocacy
Don’t miss this opportunity to hear directly from County Executive Farrow and engage on critical regional issues.
Date: Tuesday, February 11
Time: 8:30 registration and networking | 9:00 – 9:45 program
Location: Brookfield Lakes Corporate Center: 18000 W Sarah Lane, Brookfield
Ken Notes: Thank you Tracy Johnson President and CEO of CARW for keeping me in the loop.
Commercial Brokers Group
2024 Deal of the Year Celebration
February 26, 2025
4:00pm
The Madison Club
Join us for a cocktail party/meeting to celebrate the 2024 Deal of the Year Awards on Wednesday, February 26, 2025 at the Madison Club, 5 E Wilson St., Madison.
Everyone is welcome to arrive at 4:00 p.m. with the awards ceremony beginning at 5:30 p.m.
Thank You to our Annual Sponsors!
Knight Barry Title Group
MADISON: 2450 Rimrock Road, Suite 204, 608-255-2700
CAP SQUARE: 44 E. Mifflin Street, Suite 101, 608-255-2700
Will IRA Grants for Building Upgrades Survive?
Property owners question if projects can proceed without subsidies
RSK: I don`t know ...are we robbing Peter to pay Paul on these subsidies?
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.
Reinhart
With the largest Real Estate Practice of any law firm in Wisconsin, Reinhart offers clients custom-tailored real estate insight.
Madison Labor Temple site for sale in redevelopment move
MADISON, Wis. -- A longtime site of organized labor in Madison is being put up for sale. The Madison Labor Temple Association is looking to redevelop it`s site at 1602 S. Park St. to bring some new life to the area.
The site is listed with an asking price of $7.9 million.
"There`s such a long history of class struggle inside the walls and halls of his building," remarked David Poklinkoski who provided a tour to News 3 Now Tuesday morning......Full Story Here
RSK: In case you missed it. Check out the price.
Ken Notes: What 7.9 Million -- Of course you probably have to tear it down yourself...
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 | |
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...Full Story HereOwners Of Not-Quite-Trophy Buildings Getting More Malleable To Compete For Tenants
Office leasing accelerated in a big way at the end of last year, with space in the crème de la crème of real estate being snapped up by tenants eager to return to the office.
Now, with that inventory dwindling, companies seeking office space are turning toward the tier just below, where there is still near-record vacancy. With lenders watching closely, the pressure to fill space is more intense than ever — as is the competition. That means bending more to the will of the tenant.
“Landlords don`t care for these flexibility options because
it inevitably ties them up. They`re dealing with a vertical jigsaw
puzzle,” Cushman & Wakefield Vice Chair David Hoffman said. “It’s
just the lesser of the evils.” ...
RSK: There is hope for the office sector and properties in the lower class A & B categories.
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 HereDelinquency Rates for Commercial Properties Increased in Fourth-Quarter 2024
"The delinquency rate for commercial mortgages increased during the final three months of 2024, with increases across most capital sources and property types,” said Mike Fratantoni, MBA’s SVP and Chief Economist. “The challenges facing different sectors vary – with office properties perhaps facing the most challenging combination of weaker fundamentals and stubbornly high interest rates. However, despite the current conditions, other property types continue to benefit from a relatively strong economy.”...
...Full Story HereRSK: I thought the office sector was in trouble but looks like Lodging is the bad boy here.
The Gialamas Company, Inc.
 8150 Excelsior Dr Madison, WI |
 1289 Deming Way Madison, WI |
 918 Deming Way Madison, WI |
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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.
Dell is making everyone return to office, too
All Dell employees living within an hour of an office will have to be in the office five days a week.
Dell is the latest tech company to announce it’s ending its hybrid and remote work policy. Starting March 3rd, Dell employees will have to show up in person five days a week.
In an email obtained by Business Insider, CEO Michael Dell writes that “all hybrid and remote team members who live near a Dell office will work in the office five days a week. We are retiring the hybrid policy effective that day.”
“What we’re finding is that for all the technology in the world, nothing is faster than the speed of human interaction. A thirty second conversation can replace an email back-and-forth that goes on for hours or even days,” Dell writes....
RSK: ANother one requiring back to work. Seems like more and more tech companies are calling for a return to office policy. Might be a rough road in the beginning but should smooth out as time goes on.
RASCW Events
Home Buyers Round Table
of Dane County
Annual Real Estate Agent Training
Monday, February 24, 2025 (9:00 AM - 11:30 AM) (CST)
Unlock Homeownership with Down Payment Assistance Programs!
- Are you knowledgeable about the various down payment assistance programs available for your home buyers?
- Did you know you can request assistance from multiple programs?
- Understand how to avoid PMI, reduce monthly payments, and help buyers maintain their savings for future home expenses with DPA.
...Full Story Here
Park Towne Realty LLC
 7031 River Rd DeForest, WI |
 402 Gammon Pl Madison, WI |
 6730 Odana Rd Madison, WI |
 1117 River Rd DeForest, WI |
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 6808 Odana Rd Madison, WI |
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TGI Fridays closes 30 more locations
The casual-dining chain, which filed for bankruptcy in November, has lost about half of its U.S. footprint over the past year.
The closures follow about 100 others in the year leading up to the filing on Nov. 2. They leave the chain with 133 U.S. restaurants, per its website. That’s about half the number it had at the end of 2023, according to data from Restaurant Business sister company Technomic.
Local media reports from New York, New Hampshire, Maryland, Massachusetts and Ohio confirmed that TGI Fridays restaurants have closed there in recent days and weeks. Signs posted to the doors of some locations said they’d made the “difficult decision” to close...
RSK: None in Wisconsin in this last round, but should be a few prime real estate sites open up.
Key Commercial Real Estate, LLC
See All Listings Here...
DeepSeek: Why REITs And Utilities Loved The News
Summary
- The
market reacted strongly to the unveiling of China`s AI, DeepSeek, with
AI stocks plummeting and REITs and utilities trading up significantly.
- Investors
are shifting towards predictable returns from REITs and regulated
utilities, which offer 8%-10% expected returns, amid uncertainties
surrounding AI`s future profitability.
- The
DeepSeek news has made the steady cashflows of REITs and utilities more
attractive as the allure of AI`s unbridled growth diminishes.
- Looking for a helping hand in the market? Members of Portfolio Income Solutions get exclusive ideas and guidance to navigate any climate.
Market`s perception of the news
The market clearly thinks DeepSeek is really bad news for AI plays. These companies which were previously perceived to have large moats were presumably overtaken by a start-up that wasn`t even allowed access to the best chips.
Maybe the moat is still intact, maybe it is irrevocably shattered. I don`t know, but more clarity will be found in the coming weeks and months.
More interesting to me is how powerful the response was in non-AI stocks, particularly the boring and predictable sectors like REITs and utilities...
The news was everywhere, so I`m sure you already heard that the Chinese unveiled their newly developed AI, DeepSeek (DEEPSEEK), which is presumably more efficient than ChatGPT and trained using fewer resources. I am not an AI analyst, so I am not equipped to verify these claims. Instead, I want to talk about the massive market response to the news and why seemingly unrelated sectors like REITs and utilities traded up significantly on the day. AI stocks got clobbered.
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 |
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Alexandria Sees Trump Admin Bolstering Biotech, Stays Focused On Megacampus Strategy
Alexandria Real Estate Equities neared its disposition target to end 2024 as part of its effort to focus on its most promising properties as it navigates a sluggish leasing market and supply glut.
The company sold $1.1B worth of assets in the fourth quarter, just shy of the $1.2B target it sought to streamline its portfolio. ARE has focused on what it calls megacampuses to combat soft market fundamentals, but executives during an earnings call Tuesday sounded hopeful for the future.
Going forward, ARE is “laser-focused leasing spaces that are coming back to us, and for rollovers this year, making very good progress,” Chairman Joel Marcus said during the call...
RSK: This will be good for Madison and Wisconsin`s biotech sector.
Ten skyscrapers around the world set to complete in 2025
A cantilevering pool and a soaring skybridge are among the distinctive details that characterise this list of upcoming skyscrapers, scheduled to complete in 2025.
...Full Story HereRSK: A little eye candy for this week.
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 |
Flad Development & Investment Corp. |
Evans Properties, LLC |
Keller Real Estate Group |
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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  |
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Hovde & Hovde, Inc
...Full Story Here
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