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Ralph KampsDecember Lease Asking Rates
...Full Story HereRalph Kamps
Editor CirexNews
608.345.2880
Ken Harwood
Publisher CirexNews
608.334.2174
December Lease Asking Rates
This Weeks Articles for 12/17/2024 ...
- 52% Of Federal Office Leases Can Be Terminated By End Of Trump`s Term ...
- Academia Is Helping the Real Estate Industry Spot Macroeconomic Trends...
- The Game Has Changed: 15% Of All Office Space Inquiries Are For Flexible Office Now ...
- More Americans are living in malls, as developers get creative to help ease the housing crisis...
- Head Of Congressional AI Task Force Urges Regulators To Allow Data Centers At Nuclear Power Plants ...
- LightBox CRE Activity Index Declines for the Second Consecutive Month but Still Outpaces 2023...
- Multifamily Investors Are Leaving Revenue on the Table: New Report from Neighbor Reveals Large Parking Mispricings ...
- Google’s future data centers will be built next to solar and wind farms...
- Brookfield Properties Goes Nuclear For 40-Building D.C.-Area Office Portfolio ...
- The affordable housing shortage is reshaping parts of rural America ...
- Brace for a Nationwide Shuffle of Corporate Headquarters...
- Lowe’s debuts marketplace, plans store fleet growth ...
- 1 in 3 companies are enforcing RTO due to office leases, report finds ...
New Listings
Building for lease Active
Eagle Plaza
819 Phillips Blvd, Sauk City, WI 53583Building for lease Active
The Trademark
701 E Washington Ave, Madison, WI 53703
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...
52% Of Federal Office Leases Can Be Terminated By End Of Trump`s Term
If President-elect Donald Trump wants to accelerate the government`s downsizing of its office footprint to cut costs, he`ll have plenty of opportunities.
Roughly 52% of the federal government`s leased office portfolio either has lease expirations or termination options between now and the end of 2028, according to an analysis of General Services Administration data from S&P Global Ratings.
The majority of that space is from expiring leases, totaling about 59.2M SF, while another 18.5M SF has termination options...
The majority of that space is from expiring leases, totaling about 59.2M SF, while another 18.5M SF has termination options...
RSK: This will add to the office glut in DC and other cities. Also 48,000 Federal Employees have permanently signed up for remote work before Trump`s inauguration.
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.
Academia Is Helping the Real Estate Industry Spot Macroeconomic Trends
In the late 1990’s a new type of person started to pop up in stock market trading floors. These traders did not have a background in finance, as was the norm, but instead had PhDs in fields like mathematics and statistics. They were also not very well received by the financial establishment, they were referred to by the slur “quant.” Eventually, the mathematicians started outperforming their peers and the term quant was embraced. Now traders promote their use of advanced computing by calling themselves quants. Quant is short for quantitative analytics and it is a way to use statistical analysis on large amounts of data to identify trends and correlations. It has become the go to way for traders to understand what the probabilities are for different macroeconomic trends and asset price movements. But despite its prevalence in equity and options trading, it is still not widely used by many in the real estate industry.
...Full Story Here
RSK: The University of Wisconsin Graaskamp Real Estate School is also doing cutting edge data analysis in CRE Tech as well.
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 HereThe Game Has Changed: 15% Of All Office Space Inquiries Are For Flexible Office Now
For as long as there have been office leases, tenant rep brokers have earned the highest commissions when their clients have been burdened with the least flexibility — by committing to the most space for the longest term.
That conflict is fading away as tenant demand shifts to address
hybrid work styles and tenants seek new ways of consuming real estate
services, said Simon Moore, chief operating officer of Serendipity Labs,
an international workplace operator that provides an upscale network of
outsourced workplace services in urban and suburban markets across the
U.S. and UK. ..
RSK: Interesting that it says a company can use 27% less space than a conventional office setup but nothing mentioned of the cost. Is it the same as before, less or more in the long run? What I see that is flexible is the lease terms.
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.
More Americans are living in malls, as developers get creative to help ease the housing crisis
Key Points
- More
people are living at American malls as real estate developers knock
down department stores and construct apartment buildings in their place.
- At
least 192 U.S. malls planned to add housing to their footprint as of
January 2022, and at least 33 had constructed apartments since the
pandemic began. Dozens more apartment projects are currently underway in
California, Florida, Arizona and Texas.
- The trend not only helps to chip away the housing shortage in the U.S., but also brings people closer to the remaining retail and restaurant spaces in shopping centers.
Say hello to life at the mall.
The classic American mall is undergoing a dramatic transformation as real estate developers swap out dying department stores for apartments, ushering in an era where living at the mall could soon become a new norm...
The classic American mall is undergoing a dramatic transformation as real estate developers swap out dying department stores for apartments, ushering in an era where living at the mall could soon become a new norm...
RSK: The Grand Avenue Mall in Milwaukee is one of the featured success stories. On a different note, the old WestGate Mall on WHitney and Odana Rd in Madison was gutted and medium rise apartment buildings now take its place....retail is to be included in the last part of the project.
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
Head Of Congressional AI Task Force Urges Regulators To Allow Data Centers At Nuclear Power Plants
A month after U.S. energy regulators stalled a planned Amazon data center adjacent to a Pennsylvania nuclear power plant, a co-chair of the congressional Task Force on Artificial Intelligence is pushing the Federal Energy Regulatory Commission to change its tune on colocated nuclear data center campuses.
Rep. Jay Obernolte, a Republican from California, urged FERC commissioners in a Dec. 5 letter to move quickly to remove regulatory barriers preventing nuclear power plants from selling electricity directly to the data centers that developers are increasingly seeking to build alongside them...
...Full Story HereRSK: The other side of this could be that the real estate surrounding nuclear power plants may become more valuable....I mean why not build your data center next to a power plant? Data Centers have few employees and the land is probably less expensive.....for now.
Commercial Brokers Group
LightBox CRE Activity Index Declines for the Second Consecutive Month but Still Outpaces 2023
IRVINE, Calif., Dec. 9, 2024 /PRNewswire/ -- LightBox, a leading provider of commercial real estate (CRE) information and technology, released its Monthly CRE Activity Index for November that recorded a reading of 80.5, reflecting a double-digit month-over-month decline. Despite this, the Index continued to outperform the same period in 2023, signaling resilience in the CRE market.
This aggregate measure of activity in commercial property listings, environmental due diligence, and appraisals collectively tracks shifts in the velocity of key functions that support CRE transactions and therefore provides a useful leading indicator of deal activity. With the anticipated month-over-month seasonal decline in November, the Index came in 15.4 points lower than the October reading. The Index began its decline in October with a slight 2.3 point-drop to 95.9. For the past three years, the October to November Index decline has averaged 14.7 points. This year`s slightly steeper decline was likely a function of market uncertainty reflected by recent volatility in the U.S. 10-year Treasury yield as investors assessed the outcome of the November election...
RSK: This is no doubt a seasonal decline and things should improve in 2025.
Food Fight
HOLIDAY GIFT CARD SALE
Buy $100 in gift cards & get a FREE $25 bonus card*
Offer runs November 1 - December 31st
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...
Multifamily Investors Are Leaving Revenue on the Table: New Report from Neighbor Reveals Large Parking Mispricings
LEHI, Utah, Dec. 12, 2024 /PRNewswire/ -- Multifamily property owners and operators are missing out on billions in untapped revenue by failing to optimize parking prices, according to the Multifamily Parking Intelligence Report. This report contains the largest dataset of multifamily parking prices ever compiled.
The report, leveraging Neighbor`s proprietary marketplace data and a survey of hundreds of multifamily properties across 10 major U.S. markets, reveals that parking spaces are systematically underpriced in 8 of 10 markets. This mispricing represents a critical opportunity to boost Net Operating Income (NOI) without increasing resident rents.
...Full Story HereRSK: Kind of an advertorial but still interesting.
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.
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
Google’s future data centers will be built next to solar and wind farms
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In what it’s calling a “first-of-its-kind partnership,” Google will collaborate with developers to build data centers powered by renewable energy generated on-site.It’s partnering with energy company Intersect Power and investment firm TPG Rise Climate on a $20 billion initiative to develop an unspecified number of “industrial parks” across the US this decade. The first one is supposed to be partially operational by 2026 and completed by 2027...
...Full Story Here
RSK: I think the last line says it all...Google gets a pass for some reason with its political views. " Google’s carbon footprint has grown 48 percent since 2019, despite a goal it set for itself of slashing that pollution in half by the end of the decade."...
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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Brookfield Properties Goes Nuclear For 40-Building D.C.-Area Office Portfolio
Brookfield Properties’ 8M SF office portfolio across D.C., Maryland and Virginia is now being operated by nuclear power.
The firm has transitioned 100% of the electricity usage for the roughly 40 office buildings it manages in the region to nuclear power, it told Bisnow Wednesday.
Brookfield says it is the first commercial real estate company to buy nuclear electricity directly, allowing it to control where the power for the entire portfolio comes from...
Brookfield says it is the first commercial real estate company to buy nuclear electricity directly, allowing it to control where the power for the entire portfolio comes from...
RSK: We will be seeing more and more of this as energy demand increases.
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 HereThe affordable housing shortage is reshaping parts of rural America
hen Suzanne D’Amico moved from Dallas an hour north to Celina, Texas, there was one grocery store, longhorn cattle down the road and no lights on the horizon at night. Farmers wearing overalls gathered for morning coffee, teenagers packed the local pizzeria after Friday night football games, and neighbors prayed together at church on Sunday. “It felt like we were on another planet,” said D’Amico, who has lived for nearly 30 years in Celina where she raised her children. “We weren’t just outside the city, we were completely gone from anything we considered at the time remotely civilized.”
But D’Amico’s slice of small town America is quickly vanishing. Like rural communities across the country, Celina is seeing a housing boom that made it America’s fastest growing city in 2023. Now, pastures have been replaced with densely packed homes, golf carts zip around planned communities where tractors once plowed and local businesses are being replaced with big box chains.
...Full Story Here
RSK: The Good, the Bad & the Ugly in developing rural America....a case study in Celina Tx.
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 HereBrace for a Nationwide Shuffle of Corporate Headquarters
A wave of company
relocations is coming, and cities are lining up to lure them with tax
breaks and moving incentives. But does landing a big HQ still matter?
As part of national retailer Foot Locker Inc.’s efforts to reinvent itself — a 2023 blueprint called the Lace Up Plan — the struggling sneaker seller evaluated all aspects of its operations, including shedding underperforming outlets and opening a new community-oriented store concept. Also in the cards was a big move: In August, Foot Locker announced plans to uproot its headquarters from its longtime home in New York City to St. Petersburg, Florida.
The announcement capped a multiyear effort, as the central Florida city had been trying to lure the company with a package of property tax exemptions and financial incentives since at least 2021 — an effort the city code-named Project Athena. The relocation, set for late 2025, is projected to create 150 new jobs in Florida (relocation wasn’t mandated for existing employees) and give this Gulf Coast city of 260,000 its third Fortune 500 company.
The announcement capped a multiyear effort, as the central Florida city had been trying to lure the company with a package of property tax exemptions and financial incentives since at least 2021 — an effort the city code-named Project Athena. The relocation, set for late 2025, is projected to create 150 new jobs in Florida (relocation wasn’t mandated for existing employees) and give this Gulf Coast city of 260,000 its third Fortune 500 company.
RSK: At first glance this seems like a good thing. But in reality, it is due to the contraction of office space. Headquarters, satellite offices etc.being closed down. So, this is not a real expansion but a consolidation of what is left.
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.
RASCW Events
Southwest Chapter Winter Party
Description
Let’s celebrate the winter season by gathering together for good company, networking, and delicious food and drinks. You`ll also have the chance to meet and hear from the new RASCW and SCWMLS CEO, Lisa Marshall.Networking cocktail hour from 5:00-6:00 with dinner served at 6:00. Cost to attend will include dinner and one drink ticket. ...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...
Lowe’s debuts marketplace, plans store fleet growth
The company will also extend its rural offerings, expand jobsite delivery and teased initiatives that are expected to deliver $1 billion in annual savings.
Dive Brief:
- Lowe’s plans to open 10 to 15
stores annually in the coming years in fast-growing U.S. markets as part
of a larger multi-point strategy to grow and capture more market share.
The company plans to tap its larger footprint to attract new DIY and
pro customers, the company said in a Wednesday press release alongside
its investor conference.
- The company plans to also expand its rural product assortment
to 150 more stores, which would bring the format to nearly 500
locations overall. The rural assortment offers expanded selections that
appeal to the farm segment, including pet, work apparel, automotive
supplies and utility vehicles.
- Lowe’s also said Wednesday it launched a home improvement product marketplace. The retailer said it is working with new and existing sellers and suppliers “to offer a wider selection of products without carrying the inventory, managing pricing or investing in new online fulfillment centers.”
In total, Lowe’s announced five long-term growth initiatives for 2025 during its analyst and investor conference Wednesday. They are driving pro penetration, accelerating online sales, expanding home services, creating a loyalty ecosystem and increasing space productivity.
RSK: Wonder why Lowe`s hasn`t expanded into our market. They are in SE Wisconsin but void in the rest of the state.
Key Commercial Real Estate, LLC
See All Listings Here...
1 in 3 companies are enforcing RTO due to office leases, report finds
As lease agreements come up for renewal, though, some leaders may reconsider how their work arrangements fit with their space needs.
Lease agreements appear to anchor many return-to-office policies, with a third of companies that lease space saying their current office lease terms affect their RTO strategies, according to a Dec. 3 report from Resume.org.
Among the two-thirds of companies with office space, about half have leases that run until 2028 or later, which could dictate their RTO policies for longer. About 14% have leases expiring in 2024 or 2025, the report found.
When these leases expire, about 23% of companies plan to reduce the amount of space they rent. Of those companies, a third said they’ll reduce the number of days required in office, and 8% will stop RTO policies...
Among the two-thirds of companies with office space, about half have leases that run until 2028 or later, which could dictate their RTO policies for longer. About 14% have leases expiring in 2024 or 2025, the report found.
When these leases expire, about 23% of companies plan to reduce the amount of space they rent. Of those companies, a third said they’ll reduce the number of days required in office, and 8% will stop RTO policies...
RSK: Interesting tidbit.
Reinhart
With the largest Real Estate Practice of any law firm in Wisconsin, Reinhart offers clients custom-tailored real estate insight.
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  |
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Hovde & Hovde, Inc
...Full Story Here
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