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Ralph KampsJanuary 2025 Lease Asking Rates
...Full Story HereRalph Kamps
Editor CirexNews
608.345.2880
Ken Harwood
Publisher CirexNews
608.334.2174
January 2025 Lease Asking Rates
This Weeks Articles for 1/28/2025 ...
- Midvale Blvd Resurfacing & Safety Improvement Project...
- CBRE Investor Survey Shows Optimism Despite High Rates...
- The U.S. Government’s Relationship With Office Real Estate Is Changing...
- Lessons for Office Designers From Cutting-Edge Airport Innovations...
- US store closures to again outpace openings this year...
- Trump Signs Return-To-Office Order For Federal Workers On First Day In Office ...
- Samsung weighs relocating dryer production to US in response to Trump tariffs...
- The Companies Spending Hundreds Of Millions On NYC Office Space ...
- Adaptive reuse breathes new life into abandoned schools ...
- Officials OK preliminary pact that enables recruiting data center...
- Life Science Market Overview...
- Adam Neumann`s Flow Pays $70.5M For 16-Acre Miami Development Site ...
- Barista’s Canvas: Exploring the Art of Coffee Shop Architecture in the Golden Era of Cafés ...
- Amazon separates from Quebec after unionization drive; Legault praises Habs victory in response...
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...
Midvale Blvd Resurfacing & Safety Improvement Project
January 28, 2025 Update
Preliminary marking plans for the project are available to view ahead of the upcoming Public Information Meeting. Note that the plans are preliminary and subject to change as the project team receives feedback and progresses through design.
Project Overview
The City is planning construction on Midvale Boulevard from Mineral Point Road to University Avenue. The project includes intersection safety improvements, pedestrian crossing improvements, bike lanes, and partial replacement of asphalt pavement. Curb and gutter and sidewalk will be spot replaced as needed.
To accommodate driving, biking and continue to offer some street parking, the City is proposing to narrow a portion of the median and reduce street parking...
RSK: This is not just a resurfacing project. The strip from Mineral Point Rd to University Ave. will have more dramatic changes. If you use this route for commuting please voice your input.
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 HereCBRE Investor Survey Shows Optimism Despite High Rates
Limited listings could drive competitive property pricing
CBRE has released the results of its latest Investor Intentions Survey, revealing mostly positive findings. Among the firms surveyed, 54% expect investment activity to recover in the first half of 2025. Optimism about individual portfolios was even higher, with 75% of respondents anticipating their own investment activity to rebound during the same period.
The greatest obstacle to investment, according to respondents, remains “elevated and volatile long-term interest rates.” Despite former President Trump’s recent declaration that he would push for interest rates to decrease, CBRE forecasts that rates will stay above 4% through the end of the year. Even if the Federal Reserve lowers the base rate, it may not significantly reduce rates for commercial property loans. Many banks that ceased lending to commercial real estate when rates rose have yet to return. Their replacements, such as debt funds and private lenders, typically charge higher rates, further increasing borrowing costs...
The greatest obstacle to investment, according to respondents, remains “elevated and volatile long-term interest rates.” Despite former President Trump’s recent declaration that he would push for interest rates to decrease, CBRE forecasts that rates will stay above 4% through the end of the year. Even if the Federal Reserve lowers the base rate, it may not significantly reduce rates for commercial property loans. Many banks that ceased lending to commercial real estate when rates rose have yet to return. Their replacements, such as debt funds and private lenders, typically charge higher rates, further increasing borrowing costs...
RSK: The last paragraph hits the nail right on the head. There are very few properties on the market and most of them do not make economic sense...even for a user. One of our investor groups had a building burn down and received the insurance proceeds. Looking to build with the high construction costs didn`t seem to make sense. But even with the substantial large down payment, nothing currently on the market breaks even. Seems better off to pay the cap gains and keep the cash.
ARTIS REIT / Madison Lifestyle Office Portfolio
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.
The U.S. Government’s Relationship With Office Real Estate Is Changing
Federal employees` remote work ending nationwide
In his first few days in office Trump has already made a lot of major changes, some of which will have implications for how the federal government will deal with its office real estate. Besides his twenty six executive orders, President Trump issued an executive menu that said, “Heads of all departments and agencies in the executive branch of Government shall, as soon as practicable, take all necessary steps to terminate remote work arrangements and require employees to return to work in-person at their respective duty stations on a full-time basis, provided that the department and agency heads shall make exemptions they deem necessary.”...
RSK: This is probably good for the US Government but may put even more stress on the already troubled office market. I assume a private sale will influx better taxes for the affected cities.
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.
Lessons for Office Designers From Cutting-Edge Airport Innovations
Many of the nation’s largest airports have recently undergone multi-billion-dollar transformations that reimagine outdated terminals as modern, innovative, and sustainable spaces for the millions of travelers that pass through them every year. These ambitious renovations—like those at Portland International Airport (PDX) in Oregon and LaGuardia Airport in New York City—offer valuable lessons for office facilities managers and designers. From energy management and sustainability to improving occupant experience and space optimization, these airport projects demonstrate how thoughtful design can meet the needs of modern users....Full Story HereSomething old, but mostly new...
Innovation taking flight...
Lessons for office design...
RSK: This is not just for airports but for office structures as well. The idea of thermal heating and cooling is a bit more difficult because the office footprint is usually much smaller than the airport which has many acres to make geothermal a cost effective option.
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
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US store closures to again outpace openings this year
Coresight Research expects some 15,000 locations to shutter in 2025, with plans already up well over 300% year over year.
Dive Brief:
- U.S. retailers are expected to close more stores than they open
again this year, according to Coresight Research. Last year, 5,970
stores opened and 7,325 closed, a net loss of 1,355 as of Jan. 10.
- In 2025, Coresight expects about 15,000 U.S. stores to shutter, as openings remain steady at about 5,800.
- As of Friday, Coresight tracked more than 2,000 closures slated for this year, which represents a year-over-year increase of more than 334%, compared to nearly 30% fewer openings.
RSK: The closings are mainly driven by large retail companies...smaller retaiors keep leasing space in strip malls etc.
CARW 2023 Events and Resources
2025 Economic Forecast
with KC Conway
January 30, 2025 @ 11:30 am - 1:30 pm
Details coming soon!
January 30th, 2025
11:30-1:30
The Trade Hotel
Ken Notes: Thank you Tracy Johnson President and CEO of CARW for keeping me in the loop.
Trump Signs Return-To-Office Order For Federal Workers On First Day In Office
President Donald Trump’s bold Sharpie pen came commercial real estate’s way on Day 1 of his second term as he issued an executive order that could have a massive impact on the office market in Washington, D.C., and beyond.Trump signed a mandate requiring all federal workers to return to full-time in-person work. The executive order banning telework was one of eight Trump signed in a packed Capital One Arena following his inauguration Monday, including withdrawing the U.S. from the Paris Climate Accord and freezing all new regulations until Trump`s Cabinet is fully in place...
RSK: I wish him luck on this one.
Commercial Brokers Group
Knight Barry Title Group
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
MADISON: 2450 Rimrock Road, Suite 204, 608-255-2700
CAP SQUARE: 44 E. Mifflin Street, Suite 101, 608-255-2700
Samsung weighs relocating dryer production to US in response to Trump tariffs
South Korea`s Samsung Electronics and at least one other appliance maker are considering moving some operations from their plants in Mexico to their U.S. factories.
The review is in response to President Donald Trump`s consideration of imposing 25% duties on imports from Canada and Mexico on Feb. 1, a South Korean newspaper reported on Tuesday.
Samsung is looking at moving dryer production currently happening at its Querétaro plant to a plant in South Carolina, according to the Korea Economic Daily. The paper reports that the South Carolina plant`s main product is washing machines...
Samsung is looking at moving dryer production currently happening at its Querétaro plant to a plant in South Carolina, according to the Korea Economic Daily. The paper reports that the South Carolina plant`s main product is washing machines...
RSK: Samsung won`t be the only one to follow this. It will no doubt put more pressure on the Industrial Sector...
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...
Reinhart
With the largest Real Estate Practice of any law firm in Wisconsin, Reinhart offers clients custom-tailored real estate insight.
The Companies Spending Hundreds Of Millions On NYC Office Space
Major tenants signed big leases in New York City in 2024, in some cases paying handsomely for their new spaces as the city`s office market attempts to claw its way back from dark pandemic times.Those tenants include TPG, which over the course of its lease will pay Tishman Speyer more than $1B for its 300K SF in The Spiral, according to a CompStak analysis of the highest-valued Manhattan office leases provided exclusively to Bisnow...
...Full Story Here
RSK: You wonder why these companies don`t just buy the properties they lease? No one is selling and the asset might not look good on the corporate books. These upgrades are mainly to draw employees back to the office.
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 HereAdaptive reuse breathes new life into abandoned schools
Repurposed school buildings are home to a variety of groups, including artisans, local governments and restaurants. But funding and getting public buy-in for these projects isn’t always easy.
In 2016, Rebecca Davies and her
fellow Remark Glass co-founders needed space in Philadelphia to expand
their growing glassblowing business. When they learned of an available
basement space in the 340,000-square-foot Bok Building, a former
technical high school in South Philadelphia, they decided to take a look
— and a gamble.
...Full Story HereThe space was perfect for the team’s needs, but Remark Glass would be one of just 15 new tenants in the newly repurposed Bok, which was auctioned off by the city in 2013. The basement of an abandoned school building isn’t exactly a high-visibility location, and being first in a new venture brings its share of risk, Davies explained. Would it fly?..
RSK: Love adaptive reuse. Look at Holy Name Seminary on the far westside of Madison. Turned into apartments and condos and offices...
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 HereOfficials OK preliminary pact that enables recruiting data center
Some residents showed up in opposition — but here`s why officials moved ahead with the project...
RSK: No buyer yet but the way is being cleared to have a Data Center in Port Washington. Again, Wisconsin has the probable power grid and the water for such centers.
Investors Associated
See All Listings Here...
...Full Story HereOne 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.
Life Science Market Overview
Madison Wisconsin | 2024
Broadwing Advisors is pleased to present Madison’s first Life Science Real Estate Market Report. This report demonstrates the robust biotechnology market created over the last 25 years in Dane County.
Madison’s Life Science Facts
• Over 11,200 bioscience employees in greater Dane County
• Over 40% industry growth over the last 10 years
• More than 1,500 industry degrees and certificates conferred annually
Madison’s Life Science Real Estate Facts
• 61% of buildings in market are single user occupied
• 46% of lab spaces have been converted from other uses
• Top 10 users in the market represent 2,900,000 SF of the total (60.4%)...
RSK: In case you didn`t get a copy here it is. Nice and succinct, easy to read graphics and data.
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 |
See All Listings Here...
Adam Neumann`s Flow Pays $70.5M For 16-Acre Miami Development Site
Former WeWork CEO Adam Neumann brought home a win after his company’s apartment brand, Flow Life, secured the 16-acre Biscayne 85 property in a court-ordered auction for $70.5M, doubling the initial stalking horse bid of $35M.
low’s winning bid came at a Jan. 15 auction, besting Miami-based development firm Melo Group`s $35M bid from October.
“The winning bid from Flow Life was double the initial stalking horse bid and will result in the recovery of a substantial amount of the victim’s losses,” Avison Young principal Michael T. Fay said in a statement, referring to litigation stemming from allegations that the property`s former owner misappropriated funds raised through the EB-5 immigrant investor program...
...Full Story Here“The winning bid from Flow Life was double the initial stalking horse bid and will result in the recovery of a substantial amount of the victim’s losses,” Avison Young principal Michael T. Fay said in a statement, referring to litigation stemming from allegations that the property`s former owner misappropriated funds raised through the EB-5 immigrant investor program...
RSK: Not again. Watch out for this guy...it seems nothing really good seems to follow Adam.
Key Commercial Real Estate, LLC
See All Listings Here...
Barista’s Canvas: Exploring the Art of Coffee Shop Architecture in the Golden Era of Cafés
Architizer`s 13th A+Awards features a suite of sustainability-focused categories recognizing designers that are building a greener industry — and a better future. Start your entry to receive global recognition for your work!From a design perspective, one could say that the past decade was all about the bars — with the rise of the speakeasy came a heightened interest in bar interiors. Now, one can argue that we’ve entered the golden age of the coffee shop. From the smell of freshly ground beans to the slow pour of black coffee and the amazing latte art found in every cup, coffee shops have become a new place of gathering.
Apart from social spaces, cafes act as workstations for remote workers or digital nomads, cozy “lounge rooms” for reading books and listening to podcasts and even event spaces that host pouring workshops or book club assemblies. Coffee shops straddle the intersection of public and private space, challenging architects to compose flexible designs and explore the qualities that make a successful cafe...
RSK: I don`t know about you but I am guessing you want your cafe to be warm and fuzzy yet functional. These seem to have a stark, naked atmosphere and are not inviting at all. But that may just be my idea of a coffee shop. WHat are your favs and why? Drop me an email and let me know. Will post results if we have enough replies.
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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Amazon separates from Quebec after unionization drive; Legault praises Habs victory in response
Au revoir! A bientot! Bon voyage!That’s the message retailing giant Amazon is sent to 1,950 Quebec employees — by email —after it announced Tuesday it is shutting seven of its massive warehouses in La Belle province and ceasing all operations amid strained labour relations with its newly certified union.
That’s because Quebec is home to Amazon’s only unionized workforce in Canada. About 200 employees in Laval took the company to the province’s labour relations board complaining of low wages, poor working conditions and inadequate health and safety measures.
At recent demonstrations, workers’ representatives demanded a 30% pay increase to $26 per hour for its minimum wage earners...
RSK: I wonder if this means more Amazon warehouses for the northern border states in the USA?
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
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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
call 608-345-2880 for details...
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