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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...

A 15-story student apartment building will soon rise from the demolition of a structure that formerly housed nonprofit Porchlight near the University of Wisconsin-Madison campus, the Wisconsin State Journal reports.

LZ Ventures is demolishing the West Johnson and North Brooks street building, originally a YMCA built in 1952, to build a 189-unit apartment building for college students.

Porchlight moved to an eight-story facility with office space and 70 studio apartments, built by developer LZ Ventures for the nonprofit, at the intersection of East Washington Avenue and South Blair Street.

The new apartment building is scheduled to open in 2027.

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RSK: Student and Multi family is still going strong in Greater Madison.

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Park Towne is a family run Madison-based real estate company serving southern Wisconsin for over 50 years. Led by second generation brothers Mike, Jim and Joe Ring, Park Towne has a portfolio of for-lease commercial properties and offers development, management and brokerage services.

Manufacturing is the largest contributor to the state’s GSP, so the issues that affect the
The Wisconsin Manufacturing Report exists to bring some clarity and context around manufacturing during these tumultuous times...   ...Full Story Here

RSK: Basically the report shows manufacturing is growing steadily, even if at a slow pace.

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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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RSK: This is worth the look back. You may have forgotten a few oif these.

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

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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.

The expansion of Plant Vogtle in Georgia — the largest U.S. nuclear plant — was plagued by delays and cost overruns. Mechanical issues like vibrating pipes and coolant pump failures, a contractor`s bankruptcy and disputes over financing pushed completion of its two new reactors seven years past schedule.

The project ultimately cost $30 billion, more than double the original estimate, but when the two newest reactors opened in 2023 and 2024, they became the first new U.S. nuclear units in 30 years and the nation’s largest source of carbon-free energy.

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RSK: Still the number 1 problem for Data Centers is, they are power hungry.  Nuclear is years away, wind and solar are not dependable but like gas powered turbines, they can come on line quickly. This article outlines all the risks and rewards for each.

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

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Barnes & Noble is continuing to expand its retail footprint amid a resurgence in brick-and-mortar bookstores. 

The bookseller plans to open 60 new locations across the country in 2026, reported USA Today. According to a list obtained by the publication, Barnes & Noble plans to open stores in Ohio, Texas, Florida, Illinois, Colorado, Washington state, California, Virginia, Georgia and Washington D.C., with "several openings" in these states scheduled between now and June 2026.

"Barnes & Noble is enjoying a period of tremendous growth as the strategy to hand control of each bookstore to its local booksellers has proven so successful," Barnes & Noble said in a statement to USA Today. "In 2024, Barnes & Noble opened more new bookstores in a single year than it had in the whole decade from 2009 to 2019."...   ...Full Story Here

RSK: Seems the new owner has found a way to bring back the experience of a bookstore....as long as the coffee is good, I am hooked.

Join us for a cocktail party/meeting to celebrate the

2025 Deal of the Year Awards!

Time and Place TBA

Everyone is welcome to arrive at 4:00 p.m. with the awards ceremony beginning at 5:30 p.m.

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Retailers and restaurants alike made headlines to close out 2025 in December with store expansions and new formats.

Here are the major stories as reported by Chain Store Age, starting with the most recent.

• Report: Barnes & Noble to open 60 stores in 2026
• Connecticut pizza favorite Sally`s Apizza sets sights on 1,000 locations
• China`s Mixue debuts in U.S. with Los Angeles store
  
• Pacsun plots U.S. expansion; to open 20 to 35 new stores over next three years
• Von Maur to make New Jersey debut in 2027
• Clarks opens first `Cloudsteppers` store in U.S. — with more to come
  
• Academy Sports reveals 2026 expansion plans; Q3 sales up 3%
• Captain D`s debuts in NYC as part of Northeast expansion
• Build-A-Bear, Sanrio team up to open stores at two big centers
• First Look: Gymshark goes big for its first-ever U.S. flagship

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RSK: I know we have a Von Maur here but I have only been in it once...any one else frequent the store? I sure miss the Boston Store.

CARW All Member Meeting

2026 Commercial Real Estate and Economic Forecast

January 27, 2026 @ 11:30 am - 1:30 pm

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With macroeconomic factors leaving new construction at a virtual standstill, partnerships between local governments and retail real estate developers have never been more important.

That’s what experts noted at the recent ICSC New York City show during a panel titled “Winning the Deal — How Cities Are Attracting Top Retailers.” City officials and partners discussed how developers and municipalities can work together to bring new development plans to life, providing fresh retail amenities for residents that currently may be lacking.

“We found that Newark residents spend about $6 billion per year, and $2 billion of that is in other communities,” said Emily Manz, chief business development officer and director of marketing at development agency Invest Newark. ...   ...Full Story Here

RSK: It would be helpful if the city thought through the process and reasoning of when and where retail is needed and not just if you put up an apartment building, you need first floor retail.

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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

Mitt Romney wants the rich to pay their fair share. 

The onetime Republican nominee for president penned an op-ed in The New York Times calling for the elimination of tax breaks leveraged by the wealthy. The retired senator said 1031 exchanges, a popular source of capital for commercial real estate deals, should be eliminated in part to help keep Social Security afloat. 

Tax reform is needed to plug a deficit in the Social Security trust funds, which are on track to run out of cash in 2034, leading to a 23% cut in benefits for seniors, Romney wrote. That financial cliff, as he called it, has led Romney to change his long-held position on income tax rates...   ...Full Story Here

RSK: Goos old Mitt, well there are a lot of reforms needed in social security such as illegal recipients, but the 1031 will have to be eased in if at all.

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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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RSK: If you are involved in any way with multifamily, you may want to sign up for this webinar.

75 Gasser Rd Wisconsin Dells, WI

4711 Farwell St McFarland, WI

808 Industry Rd Sauk City, WI

426 Gammon Pl Madison, WI

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As provisions of the 2025 tax reform go into effect, both knowledge of the tax incentives available and a team of qualified professionals are essential to serving clients and managing your own property portfolio.

The real estate and construction sector has been feeling the squeeze—from rising construction costs and labor shortages to inflation and higher interest rates. At the same time, recent federal tax changes have reshaped the landscape. The One Big Beautiful Bill Act (OBBBA), enacted on July 4, 2025, had a significant impact on several federal tax provisions affecting real estate. Key incentives have been extended, expanded, or made permanent, creating a window of opportunity for tax-efficient planning...

• Unlock Cash Flow Through Accelerated Deductions...

• Structure Transactions to Defer Taxes...

• Keep Other Tax Policy Changes on Your Radar...

• Understand State and Local Property and Income Tax Opportunities...

• Stay Flexible and Plan Smart...

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RSK: Some basic but important information to take into consideration.

4901 Eastpark Blvd	5201 Eastpark Blvd Madison, WI	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

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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.

ABR Designation Course 
with Lynn Madison

Thursday, March 12, 2026 9:00 AM
Friday, March 13, 2026 4:00 PM (CDT)

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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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The biggest residential developments now under construction are expected to add well over 2,000 apartments in 2026 and 2027.   ...Full Story Here

RSK: 2,000 units and it isn`t a dent in what the projected housing needs are for Madison.

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The planned sale of 119 JCPenney store properties has collapsed after the buyer failed to close by a late-December deadline. Copper Property CTL Pass Through Trust, which controls the assets, terminated the $947 million all-cash deal on Dec. 26, citing the buyer’s failure to complete the transaction on time. The buyer, an affiliate of Onyx Partners Ltd., had agreed to purchase the portfolio earlier this year.

In a filing with the U.S. Securities and Exchange Commission, Copper said it met all closing conditions, while Onyx did not. Copper is holding $2 million of the buyer’s $5 million deposit and is seeking to claim the remaining $3 million from escrow, a move Onyx is contesting through litigation. Onyx has argued Copper breached the agreement, while Copper says it intends to aggressively defend its position. According to CoStar, Onyx indicated prior to the deadline that it was still waiting on tenant documentation from the trust...

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RSK: There is more to this story, so stay tuned.

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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RSK: 2026 looking a little better than 2025. I find it interesting that retail lease size ( and this includes restaurants) has fallen below 3,500 sf.

	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

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