This Page Contains 4 Weeks Data - Click Here For This Week

CirexNews - CRE and Investment News
Click to View Online...


This Week - Notes - Search - Index - Share Menu

Ralph
Kamps
Editor CirexNews
608.345.2880
                Ken Harwood
Publisher CirexNews
608.334.2174

April 2025 Lease Asking Rates

This Weeks Articles for 4/15/2025 ...

  1. Google, Amazon Reaffirm Huge Data Center Investment Plans Amid Tariff Concerns ...
  2. Wisconsin utility’s data center–driven gas expansion meets skepticism...
  3. Rents Hitting New Highs In D.C.`s Trophy Office Market ...
  4. Amazon’s returning workforce helps Seattle feel `a lot like 2019` ...
  5. Construction materials costs rise for third month on tariff pressures ...
  6. 2025 Life Sciences Report...
  7. Prologis Downgraded By Scotiabank Amid Tariff Turmoil ...
  8. Banks Are Purging Bad CRE Debt From The Good Old Days ...
  9. `The Great Gold Rush`: Power-Ready Land Is A Hot Commodity As Data Center Developers Swarm ...
  10. Trump order looks to tap coal in quest to power data centers, Bloomberg News reports...
  11. Dimmed real estate stocks seize on tariff pause ...
  12. Sam`s Club Supercharges Expansion Plans, Doubles Down On `Challenging Times` ...
  13. What happens when an office tower is abandoned...
  14. Q & Q...

New Listings

Building for Lease Active
251 Progress Way
Waunakee, WI


   ...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...

Social Links


Google, Amazon Reaffirm Huge Data Center Investment Plans Amid Tariff Concerns


The chief executives of both Google and Amazon said this week that their companies will continue their unprecedented spending on data centers and other infrastructure for artificial intelligence despite tariff concerns and lingering questions around the future of AI computing demand.

On Wednesday, Alphabet CEO Sundar Pichai reaffirmed Google’s previously announced plans to invest $75B in total capital expenditures this year, telling a conference audience that the firm’s capital spending remains focused on building new data centers and acquiring the computing equipment to go in them...


   ...Full Story Here

RSK: When everyone else is running because of uncertainty with the tariffs, these boys know something and that it will no doubt work itself out.

Social Links


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

Social Links


Wisconsin utility’s data center–driven gas expansion meets skepticism


Some of the data centers may never even materialize, sticking ratepayers with the bill for overbuilt fossil-fuel infrastructure, advocates argue.

An anticipated data-center boom is driving utility plans for massive natural gas investments in southeastern Wisconsin, raising objections from customer and climate advocates.

Critics say they’ve seen big development plans fail to pan out before, and they don’t want to be stuck paying for overbuilt fossil-fuel generation based on increasingly uncertain growth projections.

Wisconsin Electric Power Co. (WEPCO) says it needs to build new gas generation to power a planned $3.3 billion Microsoft data center near Mount Pleasant. The project is on the site of the failed Foxconn LCD screen factory, a proposed megaproject that President Donald Trump promised during his first term would become ?“the eighth wonder of the world” but that never materialized as planned...

   ...Full Story Here

RSK: SOrt of a catch 22 here. Data Centers use huge amounts of power. WHat you do not want is surges in the power stream which could ruin the lines and basically fry the grid. SO, you over power for the demands. Wind and solar are not reliable enough in my mind. The other problem is data centers are mostly automated.....few new jobs are created.

Ken Notes: 4 words, "pay as you go"...

Social Links


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.

Social Links


Rents Hitting New Highs In D.C.`s Trophy Office Market


The D.C. office market was just starting to stabilize when the federal government threw a wrench in the plan, fueling a new sense of uncertainty across the city. But the top echelon of the market is facing a vastly different reality, new data shows.

The market for trophy office space is getting tighter every quarter. With the construction pipeline nearly dry, it is only getting more constrained, and tenants vying for the limited available space are pushing rents to new highs...   ...Full Story Here

RSK: The flight to quality!

Social Links


The Gialamas Company, Inc.




1200 John Q Hammons Dr
Madison, WI

8040 Excelsior Dr
Madison, WI

1255 Fourier Dr
Madison, WI

8000 Excelsior Dr
Madison, WI

8025 Excelsior Dr
Madison, WI

8030 Excelsior Dr
Madison, WI

8020 Excelsior Dr
Madison, WI

1241 John Q Hammons Dr
Madison, WI

8150 Excelsior Dr
Madison, WI

1289 Deming Way
Madison, WI

918 Deming Way
Madison, WI

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.

Social Links


Amazon’s returning workforce helps Seattle feel `a lot like 2019`


The area around Amazon`s downtown Seattle headquarters is bustling, with employees lining up at restaurants and food trucks at lunchtime on a recent Wednesday.

Groups of badge-wearing workers chat as they carry bags of food back into the tech giant`s high-rise offices along Lenora Street between 6th and 7th Avenue. Some stop by the popular banana stand at the base of The Spheres — glass conservatories serving as employee and tourist hubs at the Amazon campus — where “banista” Jessamyn Reichmann hands out free fruit from a silver Airstream trailer on weekdays.

“Activity has picked up universally," Reichmann said. "There’s more foot traffic and commuters, and it’s more crowded in the buildings since January."

After three full months of Amazon`s requirement that workers come to offices five days a week, downtown Seattle foot traffic — especially in the area around its headquarters — has reached daily averages not seen since before the pandemic hit in early 2020, the latest data from the Downtown Seattle Association shows.
   ...Full Story Here

RSK: A bit of conflicting reports here. Some businesses say the foot traffic is helping them while others say inflation has raised prices and people are complaining and not coming to their establishments. I would say it is a good thing.

Social Links


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

Social Links


Construction materials costs rise for third month on tariff pressures


Contractors are receiving price hike notices on several key inputs, complicating efforts to plan and budget new projects

Dive Brief:

  • Construction input prices increased 0.5% in March, while nonresidential input prices climbed 0.6%, both unusually steep jumps, according to an analysis by Associated Builders and Contractors of U.S. Bureau of Labor Statistics data.

  • Both overall and nonresidential input prices are now 0.8% higher than a year ago and sit more than 40% higher compared to February 2020, largely due to a sharp rise in natural gas, steel, copper and lumber prices.

  • The price escalations across the board reflect early impacts from tariffs and mark the third straight month of price jumps, said Anirban Basu, ABC chief economist.
“Construction input prices increased at a rapid pace for the third consecutive month in March and have now risen at a 9.7% annualized rate through the first quarter of 2025,” said Basu. “The emerging effects of tariffs are glaring in the March data release.”

Pressure is mounting for owners and builders heading into the second quarter, especially as tariff-related uncertainty clouds purchasing and pricing decisions, according to the Associated General Contractors of America...
   ...Full Story Here

RSK: This will no doubt delay many a project and the ones that are completed will need to charge higher than average rents to make them financially feasible.

Social Links


Commercial Brokers Group



Event Information
    June 10, 2025
    7am-12pm
    Ideal Builders


Please join us for our breakfast meeting and CE-2 on Tuesday, June 10th 2025 at Ideal Builders, 1406 Emil St Madison. Thanks to our presenting sponsors, Ideal Builders and Yaeger Advisors. The meeting schedule is:

    7 AM Breakfast
    8 AM Yaeger Advisors Presentation
    8:30 AM Ideal Builders Presentation
    9 AM – 12 PM CE-2


Add to your calendar June 10
   ...Full Story Here

Social Links


CARW 2023 Events and Resources


CARW Member Meet-Up with
Michael Testa (Ogden & Company)
Tuesday, April 29th @5:30 PM 
(Downtown Milwaukee)
April 29 @ 5:30 pm - 7:00 pm

Introducing CARW Member Meet-up: A New Way to Connect with CARW
CARW is thrilled to unveil the CARW Member Meet-up, a series of gatherings designed to foster authentic connections within our community. These “meet-ups“ are a low-stress way to bring together small groups of members to share meaningful conversations over lunch, dinner, or even a cup of coffee.

   ...Full Story Here

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

Social Links


2025 Life Sciences Report


The long-term outlook for life sciences companies remains strong. Thousands of treatments are being investigated, and spending on pharmaceuticals remains high. Although companies early in their discovery process aren’t getting financing as quickly as happened at the height of the market, overall venture capital funding was $5.6 billion higher last year than in 2023, making 2024 the fourth-best year on record.

The industry has resumed hiring too. After bottoming out at a 1.4% year-over-year decline in the first quarter of last year, R&D jobs in the biotechnology sector increased by more than 3% in 2024, to an all-time high in the fourth quarter of the year.
   ...Full Story Here

RSK: Good news for Velocity Station on Odana Rd.

Social Links


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

Social Links


Prologis Downgraded By Scotiabank Amid Tariff Turmoil


The world`s largest industrial landlord was double downgraded by Scotiabank Monday, causing stocks to fall to a nearly five-year low.

Prologis has been taken from Sector Overperform to Sector Underperform, meaning the REIT’s stocks are expected to perform worse than the industrial market overall in the coming months.

Scotiabank also reduced the price target to $97 from $133.

Prologis` stock was $91.71 a share during Monday trading, down 6.6% from its previous close of $98.35, according to Seeking Alpha. As of midday Tuesday, the price remains the same.

Weaker earnings at Prologis would mirror a broader slowdown in the industrial market. The national industrial vacancy rate doubled in the last two years and reached 8.2% in February, CommercialEdge reports...


   ...Full Story Here

RSK: I wouldn`t panic yet and I don`t think the big players are either.

Social Links


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.

Social Links


Banks Are Purging Bad CRE Debt From The Good Old Days


Two years after the failures of Silicon Valley Bank and Signature Bank touched off waves of panic over the concentration of commercial real estate loans held by regional banks, financial institutions are making a dent in their balance of bad debt.

Concerns about regional banks` ability to absorb declining real estate values became pervasive despite a pullback from CRE lending in the wake of the banks’ failures.   ...Full Story Here

RSK: Some banks that have careful underwriting in our area are not in this predicament. I am thinking of Oak Bank and One Community Bank as examples.

Social Links


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

Social Links


`The Great Gold Rush`: Power-Ready Land Is A Hot Commodity As Data Center Developers Swarm


Discovering land has the infrastructure to supply hundreds or thousands of megawatts of electricity is now like striking oil or hitting the jackpot.

Power infrastructure is significantly increasing the value of some property, bringing owners and developers out of the woodwork to see if their holdings can help meet the insatiable demand brought by hyperscale data centers amid an artificial intelligence boom.

The phenomenon is making a handful of landowners in Texas and other data center hot spots overnight tycoons. Others are paying big bucks to see if their properties can cash in.   ...Full Story Here

RSK: Wisconsin may miss out on the "gold rush" because of the utility companies asking for rate increases and trying to pass bills that will limited competition in the bidding process for expansion.

Social Links


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

Social Links


Trump order looks to tap coal in quest to power data centers, Bloomberg News reports


April 8 (Reuters) - U.S. President Donald Trump is seeking to expand the mining and use of coal inside the country in a bid to power the boom in data centers, Bloomberg News reported on Tuesday, citing a senior White House official.

In an executive order that Trump is expected to sign on Tuesday afternoon, he will set out a number of steps by the government designed to reinvigorate the coal industry, the report said.   ...Full Story Here

RSK: Wonder if this will have some old coal power generating power like the Columbia Power Plant. Some of them have been so decommissioned that it would be virtually impossible to restart, Data centers need power, lots of power.

Coal??? Why not "Mini nuclear reactors," also known as Small Modular Reactors (SMRs) or Microreactors.

Social Links


Investors Associated



p1
4901 Eastpark Blvd


5201 Eastpark Blvd
Madison, WI

p3
2310 Crossroads Dr


5315 Wall St
Madison, WI


2801 Crossroads Dr
Madison, WI


5325 Wall St
Madison, WI

2128 City View Dr
Madison, WI

5310 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.

Social Links


RASCW Events


2025 Milwaukee Brewers Trip
Back to Search
Wednesday, May 7, 2025
(10:00 AM - 6:00 PM) (CDT)



Join us for an exciting afternoon of baseball and networking! The 2025 Milwaukee Brewers Trip to American Family Field, will be May 7, 2025. The Brewers will be playing against the Houston Astros. Here are the details:

  •     Game Day: May 7, 2025, tickets are located in the Johnsonville Party Deck

  •     Game Time: 12:10pm game against the Houston Astros

  •     Getting There: The bus departs at 10am. We will meet at East Towne Mall old Sears parking lot (behind Culvers). The bus will return right after game.

  •     Cost: $110 per person – includes: Game Ticket & Seat, Coach Bus Transportation, Refreshments, All-You-Can-Eat Lunch Buffet, & Two Beers
   ...Full Story Here

Social Links


Park Towne Realty LLC




   ...Full Story Here

Social Links


Dimmed real estate stocks seize on tariff pause


Sizable gain on trade policy reversal, but uncertainty plagues the market

President Donald Trump’s tariffs sent real estate stock prices on a rollercoaster. 

They tumbled last week amid concerns from all corners of the industry over sky-high pricing and added costs. Days later, a fake headline posted to social media platform X claiming a pause on tariffs sent stocks briefly soaring, only to tumble back down after the news was debunked...

   ...Full Story Here

RSK: Residential worried about interest rates, leasing worried about build out costs and if international tenants will pull out, construction costs of building supplies and interest rates. This will all settle out in time.

Social Links


Key Commercial Real Estate, LLC


   ...Full Story Here

Social Links


Food Fight


Food Fight Gift Cards...

Food Fight is a locally owned and operated restaurant group with an ever-growing family of unique and diverse restaurants in the greater Madison area. Founded in 1994 by Monty Schiro of Monty’s Blue Plate Diner and local real estate investor Peder Moren, Food Fight Restaurant Group combined their creative vision and business sense with a mission of providing the best possible service and experiences for the greater community.

Gift cards can be redeemed at all of our restaurants for dine-in visits or call-in carryout orders, and they never expire...

   ...Full Story Here

Social Links


Sam`s Club Supercharges Expansion Plans, Doubles Down On `Challenging Times`


Sam’s Club plans to open about 15 new stores annually in the coming years while remodeling all of its roughly 600 locations across the U.S., company CEO Chris Nicholas said at an investor day Wednesday.

The Walmart-owned retailer aims to double its membership over the next eight to 10 years with the boost from the new locations, Nicholas said.

This represents an escalation to existing growth plans. Sam`s Club announced in 2023 that it would open roughly 30 new stores in the country over the next five years...
   ...Full Story Here

RSK: Probably a win win for Sams. If tariffs increase the cost of goods people buy then they turn to discount warehouses. If prices do not rise they still have a viable service that has more than doubled since the pandemic.

Social Links


What happens when an office tower is abandoned


Nobody seems to want the Alliance Bank Center in St. Paul, raising questions about how the city is going to keep the tower safe.

Why it matters: With rising office vacancies and plummeting property values in downtown St. Paul, the abandoned tower highlights a problem that could be the first of more to come.

State of play: The city has condemned the 16-story Alliance Bank Center and taken over basic property management from distressed landlord Madison Equities. It`s keeping the water on for fire suppression and maintaining some skyway access to other buildings, and it says it`s also continuing to patrol the property.

Threat level: A complex this large and with this many access points presents a long-term safety risk.

  • City inspectors discovered feces, urine and garbage during an April 3 inspection, which was detailed in a notice to condemn the property. There was also evidence of break-ins and broken doors and windows....



   ...Full Story Here

RSK: Probably won`t happen in our market. That building is out of date. Soeone will buy it for location and dirt if nothing else, although demo will not be a small amount...

Social Links


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

Social Links


Q & Q


Question:


An agent wants to sell investment properties that are owned by an LLC of which the agent is the sole member. Can the agent list those properties? What is the best practice for doing this?

Answer:

The agent may list the properties owned by the agent`s LLC. The agent must obtain written consent and disclose that the agent has an ownership interest in the seller-LLC, per Wis. Stat. § 452.133(3)(b) and Article 4 of the REALTOR® Code of Ethics.

The following example may be used to obtain written consent in the offer to purchase:

“All parties understand licensee, __________, has an interest in the (Buyer) (Seller) [STRIKE ONE] entity or organization and consent to the licensee serving as a real estate agent for that entity or organization in this transaction.”

Wis. Stat. 452.133(3) states:

“Wis. Stat. 452.133(3) Prohibited conduct. In providing brokerage services, a licensee may not do any of the following:

(b) Act in a transaction on the licensee`s own behalf, on behalf of the licensee`s immediate family if the firm is an individual, on behalf of the licensee`s firm, or on behalf of any organization or business entity in which the licensee has an interest, without the prior written consent of all parties to the transaction. For the purpose of complying with this paragraph, a licensee shall obtain the written consent in the offer to purchase, option, lease, or other transaction contract.”

Article 4 of the Code of Ethics provides:

“REALTORS® shall not acquire an interest in or buy or present offers from themselves, any member of their immediate families, their firms or any member thereof, or any entities in which they have any ownership interest, any real property without making their true position known to the owner or the owner’s agent or broker. In selling property they own, or in which they have any interest, REALTORS® shall reveal their ownership or interest in writing to the purchaser or the purchaser’s representative. (Amended 1/00)”...


   ...Full Story Here

Social Links


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


   ...Full Story Here

Social Links


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

Social Links


Start Week: 15 - Query String:SELECT * FROM cirex WHERE `issue` > 15 and volume = 25 OR `issue` > 90 ORDER BY sortorder