CirexNews - CRE and Investment News
Click to View Online...
Ralph Kamps
This month`s guest commentator is Heather Ewing of Abstract Commercial Real Estate.
MAY 2025 Lease Asking Rates
This Weeks Articles for 5/13/2025 ...
- First Business Bank announces CEO succession plan ...
- Big Tech Spending Projections Calm Fears Of Data Center Slowdown ...
- Coworking’s Growing Place in Business...
- CRE Industry Events...
- Office REIT Suspends Dividend To Preserve Cash For Tenant Build-Outs ...
- Google agrees to fund the development of three new nuclear sites...
- Madison panel event centers on energy impacts of data centers ...
- Rite Aid Files For Bankruptcy Again, Plans To Close Or Sell Remaining Stores ...
- Mounds Pet Food Warehouse to close 3 Madison-area stores, open 2 more ...
- Retail job cuts up nearly 80% in April ...
- Abandoned Industrial Sites Could Get A Second Chance As Manufacturing Demand Switches Industries ...
- Return to office policies create real estate cost efficiencies ...
- Can NYC’s Broker Fee Reform Withstand Legal Pushback?...
New Listings
Building for lease Active
Madison East Business Center
4610 S Biltmore Ln, Madison, WI
or 4610 Suite 106-107
Building for lease Active
2865 SF for Lease | Downtown
119 W Washington Ave, 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...
First Business Bank announces CEO succession plan
First Business Financial Services Inc. announced that Corey A. Chambas will retire from his role as chief executive officer on May 2, 2026. The company will name David R. Seiler, its president and chief operating officer, to succeed him as CEO effective the same date. Chambas will remain on the board of directors.
Chambas joined the company in 1993. He has been CEO of First Business Financial Services Inc. since January 2006 and served as its president from February 2005 to January 2023.
Seiler has been president and COO of First Business Financial Services Inc. since January 2023, following seven years of service as COO. Prior to joining the bank in April 2016, Seiler served in various leadership roles with commercial banking firms in the Midwest. Most recently, he served as managing director of the Correspondent Banking Division at BMO Harris Bank...
...Full Story Here
RSK: Congrats on your service and retirement in the industry. As a neighbor, workout buddy and friend, I salute you and hope you enjoy your slightly diminished role...and the Grandkids...
ARTIS REIT / Madison Lifestyle Office Portfolio
Big Tech Spending Projections Calm Fears Of Data Center Slowdown
The world’s largest tech companies aren’t slowing down their data center development plans.
Microsoft, Amazon, Google and Meta are collectively ramping up investment in data centers and other infrastructure to support artificial intelligence, their executives said on quarterly earnings calls over the last week, quelling widespread fears of an imminent slowdown in hyperscale data center demand. ..
...Full Story Here
Heather: Madison is a hotspot for tech and with the growth of AI, I see opportunity for investors!...
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 |
|
|
See All Listings Here...
...Full Story HereCoworking’s Growing Place in Business
Corporations’ increasing need for short-term and flexible space is driving greater demand.
As a sociology fan, I find it interesting to observe patterns of adaptation in business as well as society. Historically, individuals have had to adapt to business much more than the other way around (with the obvious exception of larger social movements like campaigns for workplace protection laws).
More recently, business has become more sensitive to the workplace preferences of large incoming generations, notably Millennials and Gen Z, which have bucked previous generations’ willingness to just fit in. But the shifts in how and where work is conducted have been much more significant in the past few years, as individuals and companies alike have responded to the necessities and flexibilities brought on by the pandemic.
The coworking sector has been a big beneficiary of this more recent shift, and its continued ability to adapt is expected to result in even greater expansion. The industry will nearly triple by 2028, according to CommercialEdge projections, to $37.4 billion from $14.3 billion last year. What’s more, it’s likely to become a much more significant player in the office space, comprising 30 percent of all office inventory by 2030, up from just 2 percent currently..
...Full Story Here
Heather: Long gone are the days of endless cubes for many businesses as experiences are desired not only in retail but in office as well. Amenities, comfort, proximity, connection. We are entering a “softer” side of real estate. Part of me thinks this could increase “ownership” of roles and at other times, that efficiency could be a thing of the past. Time will tell. Long gone are the days of endless cubes for many businesses as experiences are desired not only in retail but in office as well. Amenities, comfort, proximity, connection. We are entering a “softer” side of real estate. Part of me thinks this could increase “ownership” of roles and at other times, that efficiency could be a thing of the past. Time will tell...
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.
CRE Industry Events
ULI
Trepp
May 13, 2025 - May 15, 2025
New York, NY
GirlGang CRE
May 13, 2025
New York, NY
National Forums Symposium
May 13, 2025 - May 15, 2025
...Full Story Here
RSK: Upcoming National Events Calendar for CRE
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
Commercial Space for Lease – Portage
SEE ALL LISTINGS HERE
...Full Story Here
Office REIT Suspends Dividend To Preserve Cash For Tenant Build-Outs
Piedmont Office Realty Trust is halting dividends for the first time in its 15-year history as a publicly traded REIT.
Companies that have committed to occupying nearly 2M SF of Piedmont`s office space were either on free rent status or had leases yet to commence at the end of the first quarter, according to the REIT`s earnings report for the period.
Suspending the company`s dividend, which paid investors 12.5 cents per share every quarter since mid-2023, would allow it to retain $60M of annual cash flow, Smith said. It would be able to spend that money on securing new leases and covering tenant build-outs — otherwise, it might have been forced to take on new debt or sell assets in a down market...
...Full Story Here
Heather: Heather: The market has shifted over the past couple of years. We have solid rents in Madison and with it a sweetening of the “deal” for tenants. The numbers tell the story. What does your vacancy truly cost you? Dark spaces cast a shadow of doubt on an area. It’s less enticing, spaces can be vandalized, or people can make assumptions and as we know, belief can outweigh truth at times, unfortunately.
Commercial Brokers Group
Event Information
June 10, 2025
7am-12pm
Ideal Builders
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
CARW 2023 Events and Resources
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.
Google agrees to fund the development of three new nuclear sites
- Nuclear
developer Elementl Power said Wednesday it’s signed an agreement with
Google to develop three project sites for advanced reactors.
- Google will commit early-stage development capital to the three projects, each of which will generate at least 600 megawatts.
- It’s
the latest example of tech giants teaming up with the nuclear industry
in an effort to meet the vast energy needs of data centers.
RSK: This will be interesting. It is a good move for data centers because if they are located close to the nuclear plant it is not a problem...very few humans work at the data centers. But the land will lose value I am sure...
Knight Barry Title Group
MADISON: 2450 Rimrock Road, Suite 204, 608-255-2700
CAP SQUARE: 44 E. Mifflin Street, Suite 101, 608-255-2700
Madison panel event centers on energy impacts of data centers
A panel at this week’s Customers First Coalition 2025 Power Breakfast in Madison discussed the energy challenges and opportunities associated with more data centers coming online across Wisconsin and the U.S. Speakers noted the rising demand impact of new data centers being built nationwide.
Former state PSC Commissioner Tyler Huebner said these projects bring “a lot of job creation, a lot of economic benefit, tax base benefit” for the communities in which they are located. However those benefits are accompanied by a substantial need for energy — in some cases a “hyperscale” datacenter is comparable to the addition of an entire city to the grid.
Huebner said geothermal energy and small modular reactors (SMRs) represent exciting prospects for this space. SMRs can be deployed to locations with high demand after being built in a factory elsewhere and provide an alternative to more expensive traditional nuclear plants.
...Full Story Here
RSK: I have been saying this for years....hyper data centers are energy hogs on the Grid.
Reinhart
With the largest Real Estate Practice of any law firm in Wisconsin, Reinhart offers clients custom-tailored real estate insight.
Rite Aid Files For Bankruptcy Again, Plans To Close Or Sell Remaining Stores
The chain “is pursuing a strategic and value-maximizing sale process for substantially all of its assets,” according to a press release.
That will include closing and selling off its remaining stores and warehouses, according to court documents obtained by The Philadelphia Inquirer...
Heather: Rite Aid has filed for Chapter 11 bankruptcy for the second time in less than three years. It goes to show you, companies of any size have their challenges. Despite big changes, they weren’t able to course correct. Momentum was not in their favor. It reminds me of restaurants. One can operate in a location for 20+ years. They retire, a new concept and operator backfill the space and yet they’re not successful. Proper leadership is crucial.
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 HereMounds Pet Food Warehouse to close 3 Madison-area stores, open 2 more
Madison’s Mounds Pet Food Warehouse is set to close three stores but open two others, the Wisconsin State Journal reports. The locally owned pet supply store company is one of the area’s oldest.RSK: The Fitchburg store has decent visibility but not exactly easy to get to. The new location will be closer to more demographics and easy to find. Plus , a slightly larger building.
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 HereRetail job cuts up nearly 80% in April
Retail announced over 64,000 job cuts so far this year, the second most of any industry, according to a report from Challenger, Gray & Christmas.
Dive Brief:
- U.S. retailers eliminated over 64,000 jobs
during the first four months of 2025, the second most of any industry,
according to a new report released Thursday by consulting firm
Challenger, Gray & Christmas. The four-month total represented a
296% increase from the year-ago period.
- A total of 7,235 retail jobs were lost in April, up 77% from April 2024, according to the report.
- Close to 603,000 jobs were lost across all industries in the first four months of this year, the most since 2020 when just over 1 million job cuts were recorded. Almost half of the cuts this year were attributed to job eliminations by the Department of Government Efficiency, or DOGE, per the report...
...Full Story Here
Heather: Change is the one constant in CRE and in life. There seems to be less room for error over the past several years which levels the playing field of what’s required to be at the top. Results speak volumes.
Investors Associated
See All Listings Here...
...Full Story HereRASCW 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
Park Towne Realty LLC
 7031 River Rd DeForest, WI |
 402 Gammon Pl Madison, WI |
 6730 Odana Rd Madison, WI |
 1117 River Rd DeForest, WI |
|
|
|
|
 6808 Odana Rd Madison, WI |
See All Listings Here...
Abandoned Industrial Sites Could Get A Second Chance As Manufacturing Demand Switches Industries
Billions of dollars in planned factory projects have been canceled or paused in the last six months, a development with the potential to pour cold water all over visions of new economic hubs in some of the country’s lower-profile corners.But a new wave of projects in industries like pharma, tech and automotive are ready to refill the pipeline, keeping demand and dreams alive for the sites painstakingly selected and prepared for development.
RSK: Always opportunity out there. Someone`s loss is another`s gain.
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.
Return to office policies create real estate cost efficiencies
Office occupancy shoots up after policy implementation before easing back a bit, study shows.
Depending on how a company views its office-space costs, a return to office policy can be an efficient way to go.
While long-term, large-scale telecommuting can allow some companies to shrink their overall real estate footprint, the majority that are returning employees to the office can significantly decrease their per-person costs through higher space utilization.
According to a new report from Density, a supplier of sensors, software and related services for offices, citing data from CoStar, per-employee rent costs in U.S. sub-markets in March 2025 averaged $10,600 for companies that had implemented RTO policies versus $13,500 before implementation.
Heather: Collaboration is an essential function of many (not all positions). Similar to sales, you can’t plan every revenue source because “magic” happens as you do the right things. Will Mondays and Fridays be wiped off the board? I doubt it but as we know, rules are created top down. Some companies will insist on it and others will see it as an amenity for employees while positively affecting the bottom line. This decision will be influenced by company culture, values, and the bottom line...
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...
Can NYC’s Broker Fee Reform Withstand Legal Pushback?
Bill shifts broker fees to landlords
The Real Estate Board of New York (REBNY), joined by other industry groups, sued in December to block the law, claiming it violates constitutional protections around private contracts and commercial speech. They argue the rule could backfire, raising rents, cutting into apartment listings, and upending the brokerage business model. In a recent court hearing, the industry groups asked U.S. District Judge Ronnie Abrams to block enforcement while the case proceeds. The judge hasn’t said when she will reach a decision...
...Full Story Here
RSK: Usually the seller or landlord pays commissions unless there is a buying or tenant brokerage agreement. Should it be a law that the landlord pays in a lease arrangement?
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 |
 |
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
