CirexNews - CRE and Investment News
Click to View Online...
Ralph Kamps
"A friendship founded on business is better than a business founded on friendship."
- John D. Rockefeller -
January 2025 Lease Asking Rates
This Weeks Articles for 1/27/2026 ...
- Dane County exploring $100 million renovation for Alliant Energy Center ...
- Microsoft planning to add 15 more data centers and buildings to Mount Pleasant project ...
- Data Centers Are Eating Construction Pipelines...
- Data center regulation bill passes state Assembly, faces Republican criticism ...
- Chicago’s Suburban Office Glut Mirrors a National Trend...
- Office, retail to see more leasing as market recovery continues: CBRE ...
- Humanoid Robots Are Coming for Hotels, Is Multifamily Next?...
- OpenAI Pledges To Foot Bill For Generating New Power For Stargate Data Centers ...
- Pickleball Emerges as a New Use for Empty Retail and Industrial Space...
- Contract Drafting 101: Back to Basics...
- Industrial Market Statistics | Q4 2025...
- CRE Prices Edged Down To Close 2025, Driven By Downtown Office ...
New Listings
Building for lease Active
920 W Main St
Sun Prairie, WI
Building for lease Active
Bird Street Shopping Center
730 W Main St, Sun Prairie, WI
Building for sale Active
6626 Watts Rd
Madison, WI
Featured Listing
6410 Enterprise Lane
Madison WI
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...
Dane County exploring $100 million renovation for Alliant Energy Center
MADISON (WKOW) — Dane County is entering negotiations with Frank Productions and its joint venture partner Live Nation on a multimillion dollar renovation of the Veterans Memorial Coliseum at Alliant Energy Center.Dane County Executive Melissa Agard announced the intention to upgrade the venue.
The county aims to partner with FPC Live / Live Nation, bringing nearly $100 million in private investment to the site. This partnership would limit county financial liability while creating new opportunities for the community, according to a press release.
RSK: A tired Jewel for Madison and Dane county finally getting an upgrade. This little economics engine will be a nice addition to Greater Madison not limited to Hospitality and Food Service.
Park Towne Realty LLC
Microsoft planning to add 15 more data centers and buildings to Mount Pleasant project
The Mount Pleasant data center project is about to grow, with Microsoft announcing it will add 15 more data centers and other buildings, the Wisconsin State Journal reports. The new additions would total over 8.7 million square feet and generate tens of millions of dollars in annual property tax revenue, according to Microsoft’s proposals filed with the Mount Pleasant Plan Commission.
The developments would be built on property Microsoft acquired from Foxconn Technology Group... ...Full Story Here
RSK: Data Centers are driving the construction market in SE Wisconsin.
ARTIS REIT / Madison Lifestyle Office Portfolio
Data Centers Are Eating Construction Pipelines
Traditional sectors losing bid room priority
The drivers are structural. Data center development, particularly for large artificial intelligence workloads, has become one of the few parts of the real estate economy with clear demand growth. Developers and contractors repeatedly report that data center work outpaces all other sectors by a wide margin, with a net positive outlook in construction activity several times stronger than for traditional commercial types...
...Full Story Here
RSK: I rest my case your Honor.
The Gialamas Company, Inc.
 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.
Data center regulation bill passes state Assembly, faces Republican criticism
Some in the Republican-controlled Legislature are concerned about Assembly Bill 840, which requires data center developers to cover their energy costs instead of ratepayers, according to the Wisconsin State Journal.Republicans want to slow down and create a comprehensive plan to address the data center energy issue.
Bill 840 requires a closed loop cooling system to limit water use, requires state annual water usage reports and requires the data center projects to restore sites to their original state should the project not be completed.
RSK: Meanwhile, back at the Capitol.......
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
Chicago’s Suburban Office Glut Mirrors a National Trend
Chicago’s suburban office vacancy reached a new record at the end of 2025, with nearly one-third of space sitting empty as tenants retrench and owners struggle to find demand. Data from JLL shows available space climbing around 33 percent in the region, a sharp contrast with even modestly healthier pockets downtown. Suburban buildings that once catered to corporate headquarters and administrative functions are suddenly far harder to fill, leaving corridors of dark space that rent rolls can’t absorb.What’s happening in the Chicago suburbs is not unique, but it is an acute reflection of what office markets across the U.S. have been processing since hybrid work became mainstream. Across Sun Belt and Rust Belt regions alike, suburban buildings (especially older, commodity stock with long floor plates and low amenity scores) are bearing the brunt of downsizing. Even markets where urban cores have shown signs of stabilization still see suburban vacancy climb as occupiers trade square footage for flexibility and proximity to transit and talent clusters.... ...Full Story Here
RSK: The suburban office space is still struggling. I do not think it is as bad here in Greater Madison, but it is noticeable.
Commercial Brokers Group
Join us for a cocktail party/meeting to celebrate the
2025 Deal of the Year Awards!
Everyone is welcome to arrive at 4:00 p.m. with the awards ceremony beginning at 5:30 p.m.
CARW 2025 Events and Resources
Government Day in Madison
Register now for Government Day in Madison on February 10th. The legislature is in session only a handful of days this year – and we’ll be there for one of them. It’s crucial to have face time in this setting with lawmakers who create the policy that impacts our business.
Join us in Madison for a full day of briefings and meetings with elected leaders and key staff focused on the most pressing issue facing Wisconsin: affordability.
REALTORS® are on the front lines of this challenge and uniquely positioned to speak to how a lack of housing inventory and rising property taxes are constraining Wisconsin’s economy, workforce growth, and long-term competitiveness...
...Full Story Here
Office, retail to see more leasing as market recovery continues: CBRE
The pricing gap between prime and non-prime office assets is expected to widen, creating demand in the next tier of space, the company says.
Office and retail sectors in particular are primed for growth as they continue to shrug off pandemic-era disruptions, the company said in its 2026 U.S. Real Estate Market Outlook.
Shifts in consumer behavior, workplace trends and technology use, particularly AI, will require occupiers to prioritize adaptable layouts and infrastructure readiness, the company said...
...Full Story Here
RSK: Well, when you are at the bottom the only way is up!
Knight Barry Title Group
MADISON: 2450 Rimrock Road, Suite 204, 608-255-2700
CAP SQUARE: 44 E. Mifflin Street, Suite 101, 608-255-2700
Humanoid Robots Are Coming for Hotels, Is Multifamily Next?
Humanoid robots are having a moment. At CES 2026, the latest generation of human-shaped machines walked, gestured, carried objects, and interacted with people in ways that felt far more practical than theatrical. Unlike delivery carts or warehouse robots that have been around for years, humanoid robots are designed to move through spaces built for people. That distinction matters for commercial real estate. And nowhere is it more relevant than in the comparison between hospitality, where early adoption is already underway, and multifamily, where interest is growing but deployment remains cautious.RSK: I can totally see these robots in multi-family settings. Grass mowing, snow removal, security on and on...
Reinhart
With the largest Real Estate Practice of any law firm in Wisconsin, Reinhart offers clients custom-tailored real estate insight.
OpenAI Pledges To Foot Bill For Generating New Power For Stargate Data Centers
As the creator of ChatGPT develops computing capacity at a rapid pace with its Stargate data centers, OpenAI said this week that it will pay for the costs of developing power infrastructure for the facilities.
The move, intended to prevent potential impacts to consumers’ utility bills, comes amid growing public concern about data centers driving up the cost of electricity.
...Full Story Here
RSK: If they can pull this off, that`s one leg in the stool. Now, water usage, environmental and just plaIn Old Nimbys!
Colliers|Wisconsin
 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 HerePickleball Emerges as a New Use for Empty Retail and Industrial Space
Empty retail boxes and underused industrial space are finding an unexpected second life as pickleball courts. As traditional tenants thin out and demand for flexible, open floor plates grows, pickleball operators are moving quickly into former big box stores, warehouses, and aging strip centers. The sport’s rapid growth has created a need for large, indoor facilities with high ceilings and minimal buildout, a near perfect match for properties that no longer pencil for conventional retail or light industrial users.
What makes pickleball stand out as a reuse strategy is speed and scale. Many of these facilities open with eight, twelve, or even twenty courts at once, absorbing tens of thousands of square feet in a single lease. Compared with experiential retail or entertainment concepts that require heavy capital and long ramp up periods, pickleball conversions are relatively straightforward. Courts, lighting, and amenities can be installed quickly, allowing landlords to backfill vacancy without years of redevelopment risk...
...Full Story Here
RSK: It would take a lot of Pickleball courts to use up all the vacant space....but it is one good option.
Investors Associated
See All Listings Here...
...Full Story HereContract Drafting 101: Back to Basics
Question:
If Agent A has a listing contract with the seller, and Agent B within the same firm writes an offer for the buyer under buyer agency on Agent A`s listing, is line 1-2 of the residential offer "Agent of Buyer and Seller" or "Agent of Buyer" if the firm has both sides?
Answer:
Although the listing contract and the buyer agency agreement belong to the firm and both the seller and buyer are the firm`s clients, the agency option on lines 1-2 of the WB-11 Residential Offer to Purchase will depend on what multiple representation relationship the parties have chosen.
If the parties have both agreed to multiple representation with designated agency, the agent with the buyer agency agreement would be drafting the offer as the buyer`s designated agent. As such, the agent would leave (Agent of Buyer) unstruck and strike the other two parentheticals on line 2 of the WB-11 Residential Offer to Purchase.
If both parties agreed to multiple representation without designated agency, the agents remain neutral between the parties, and the agent drafting the offer would draft the offer as (Agent of Buyer and Seller).
If only one party has agreed to multiple representation without designated agency and the other party agreed to multiple representation with designated agency, the agents default to multiple representation without designated agency and the agents must remain neutral. The offer would be drafted with (Agent of Buyer and Seller) unstruck on line 2, and the agent strikes the other parentheticals on line 1 and line 2 of the WB-11 Residential Offer to Purchase.
Ken Notes: More details at the link!
RASCW Events
ABR Designation Course
with Lynn Madison
Thursday, March 12, 2026 9:00 AM
Friday, March 13, 2026 4:00 PM (CDT)
The Accredited Buyer`s Representative (ABR®) Designation is for real estate buyer`s agents who focus on working directly with buyer-clients at every stage of the home-buying process. With this designation you will receive specialized training, prove your experience, learn advanced strategies to identify buyer needs and preferences, clearly communicate your value, and gain a competitive edge. This course is the first step in earning your designation, the last two steps can be found here: abr.realtor/how-to-earn-your-abr/.
...Full Story Here
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 HereIndustrial Market Statistics | Q4 2025
The U.S. industrial market approached an inflection point in 2025 as vacancy stabilized at 7.3%, the construction pipeline contracted, and new supply dropped to its lowest level since 2017 to meet steady levels of demand. This shift to a rebalancing phase of the cycle signals a departure from the oversupplied environment of recent years and paves the way for a more disciplined growth cycle...
Download Report
...Full Story HereRSK: Good report on the Industrial Market from Colliers.Vacancy rates slowly dropping.
Key Commercial Real Estate, LLC
See All Listings Here...
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.
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...
CRE Prices Edged Down To Close 2025, Driven By Downtown Office
The last quarter of 2025 came with price haircuts across much of the U.S. real estate landscape. Urban offices were hit particularly hard.
While MSCI`s commercial property price index last month rose 0.2% year-over-year, it fell 0.4% from November to December. And the drop from the third quarter to the fourth implies an annualized pace decrease of 3.5%.
“Price growth has been softening in recent months,” the analysis says.
The office sector was hit the hardest, with central business district properties falling in the fourth quarter at an annualized pace of 7.9%. That metric for their suburban counterparts showed a 1.2% drop...
...Full Story Here
RSK: CRE prices continue to fall, mainly due to the downtown office market...
Properties for Lease or for Sale By Company
  |
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 |
 |
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
About CirexNews.com
