January 2019 – Back Cover

Solutions Start Here

With the largest, most comprehensive real estate practice in the state, Reinhart’s Real Estate team can help lead you through the maze of different real estate issues such as zoning, acquisitions, condominiums, leasing, construction, financing, tax deferred exchanges, tax incremental financing, litigation and more.

Reinhart Boerner Van Deuren s.c.
(608) 229-2200

Visit Our Website

High Point Office Park

Affordable | Versatile| Excellent Beltline Visibility & Signage

High Point Office Park is located on Madison’s west side, just off the West Beltline HWY, on D’onofrio Drive. 11 office buildings of varied suite sizes.

  • Lease Opportunities;
  • 125 – 15,000 Square Feet
  • Tenant Impr Packages
  • Flexible Rental terms
  • Larger Suites Avail 3,000+ sf
  • Amenities;
  • Fitness Center
  • Conference Rooms
  • Walking Trails
  • Gazebo grilling area
  • Walk to West Towne Mall
  • Daycare within the Park

Professionally Managed and Leased by:
CBRE
608-826-6666

January 2019 – RASCW

CBG

CIREX Memberships

CBG Calendar

Download Insert PDF

2019 RASCW Commercial Real Estate Forecast

Wednesday, January 23, 2019
Corporate Conference Center – TDS Building
525 Junction Road, Madison
Registration 1:00 pm • Program 1:30 pm – 4:00 pm

––––– Presenters –––––
Commercial Real Estate: What is Next?
Mark J. Eppli, Director of the James A. Graaskamp Center for Real Estate

Tax Cuts & Jobs Act of 2017: What Does it Mean in 2019?
Jeff D. Olson, CPA, MBA – Berndt CPA Madison

––– madison development ––
Matt Wachter, Manager of Real Estate Services and
Dan Kennelly, Manager of Office of Business Resources, Economic Development Division, City of Madison

Social Networking 4:00 pm – 5:30 pm
Eno Vino Wine Bar & Bistro

Color Inserts for CIREX

Advertise your property up front in CIREX. We offer inserts that are placed in between
the front cover and page 1.

8 ½”x 11” Inserts. Reserve one side or the entire insert.
Call for pricing.

Call Ralph Kamps
at 608-345-2880 or email cirex@cirex.com for more information

CBG

January 2019 – CIREX & CBG

CBG

CIREX Memberships

CBG Calendar

Download Insert PDF

2019 RASCW Commercial Real Estate Forecast

Wednesday, January 23, 2019
Corporate Conference Center – TDS Building
525 Junction Road, Madison
Registration 1:00 pm • Program 1:30 pm – 4:00 pm

––––– Presenters –––––
Commercial Real Estate: What is Next?
Mark J. Eppli, Director of the James A. Graaskamp Center for Real Estate

Tax Cuts & Jobs Act of 2017: What Does it Mean in 2019?
Jeff D. Olson, CPA, MBA – Berndt CPA Madison

––– madison development ––
Matt Wachter, Manager of Real Estate Services and
Dan Kennelly, Manager of Office of Business Resources, Economic Development Division, City of Madison

Social Networking 4:00 pm – 5:30 pm
Eno Vino Wine Bar & Bistro

Color Inserts for CIREX

Advertise your property up front in CIREX. We offer inserts that are placed in between
the front cover and page 1.

8 ½”x 11” Inserts. Reserve one side or the entire insert.
Call for pricing.

Call Ralph Kamps
at 608-345-2880 or email cirex@cirex.com for more information

CBG

January 2019 – Front Cover

NGG Real Estate

Portfolio For Sale or Lease

NGG Real Estate

NGG Real Estate
Dan Holvick (608) 828-8803

Visit Our Website
Download Cover PDF

Portfolio For Sale or Lease

8413 & 8417 Excelsior Drive – Building Details

* Located in Old Sauk Trails Business Park
* 90% Occupancy
* Strong mix of credit tenants
* 8 new HVAC rooftop units
* Resurfaced asphalt parking lot
* 236 Parking Spaces

* Available Space: 1,200 – 4,341 SF

    City Center Junction

  • 530-610 Junction Road Madison, WI
  • Available: 1,000 – 6,708 SF
  • Lease Rate: $26- $29/PSF/NNN
    Sauk Point Square

  • 734 N High Point Road Madison, WI
  • Available: 1,146– 3,665
  • Lease Rate: $19.95/PSF/NNN
    502 S High Point Road Madison, WI

  • Available: 17,525 – 30,050 SF
  • Lease Rate: $12/PSF/NNN
  • Sale Price: $2,500,000
    5956 Executive Drive Fitchburg, WI

  • Former Princeton: 6,315 SF
  • 957 McKee Road: 1,264 SF
  • Lease Rate: $12- $18/PSF/NNN

NGG Real Estate – Dan Holvick (608) 828-8803 1001 Fourier Drive Suite 100, Madison, WI 53717

January 2019 – Inside Front Cover

CIREX Covers for 2019

To reserve yours, call 608-345-288

Renew Your Cirex 2019 Membership

    Your $30 Cirex Office Membership includes*

  1. One book monthly for your office ($30 membership).
  2. Allows anyone in your office to place ads atmember rates.
  3. A listing with your logo in the CIREX Directory.
  4. The weekly Cirex News & Views eNewsletter plus discounted rates for banner ads and free new listings promos.

*$25 if you want to be listed in the CIREX directory,but do not want a book subscription.

Ralph Kamps – Cirex
ph: 608-345-2880

email: cirexnews@gmail.com

CBG News

2018 Deal of the Year Celebration
Date: Wednesday, February 13th, 2019
Time: 05:00 PM

Event Details:
Join us for a cocktail party/meeting to celebrate the 2018 Deal of the Year Awards at The Madison Club, 5 East Wilson St., Madison. Everyone is welcome to arrive at 5:00 p.m. with the awards ceremony beginning at 6:00 p.m. Be sure to attend!

If you have any questions, please contact Wendy Sullivan at 608/772-0060 or wendy@advantageosborne.com
Location: The Madison Club
RSVP Deadline: 02/06/2019

CBG Meeting and CE (course TBD)
Date: Wednesday, April 10th, 2019
Time: 07:15 AM

Event Details: Mark your calendar for our breakfast meeting and CE on Wednesday, April 10, 2019. The breakfast meeting schedule is:

  • 7:15 a.m. – 8:00 a.m. breakfast & networking
  • 8:00 a.m. – 8:50 a.m. Meeting
  • 9:00 – noon CE

From 9:00 a.m. – 12:00 p.m., CBG is offering CE. This continuing education class will be taught by Reinhart Boerner & Van Deuren, s.c. This approved course will count towards the credits needed for Wisconsin licensee renewal.

CBG Meeting and CE (course TBD)
Date: Wednesday, June 12th, 2019
Time: 07:15 AM

Event Details:
Mark your calendar for our breakfast meeting and CE on Wednesday, June 12, 2019. The breakfast meeting schedule is:

  • 7:15 a.m. – 8:00 a.m. breakfast & networking
  • 8:00 a.m. – 8:50 a.m. Meeting
  • 9:00 – noon CE

From 9:00 a.m. – 12:00 p.m., CBG is offering CE. This continuing education class will be taught by Reinhart Boerner & Van Deuren, s.c. This approved course will count towards the credits needed for Wisconsin licensee renewal.

If you have any questions, please contact Wendy Sullivan at 608/772-0060 or wendy@advantageosborne.com.

CIREX News & Views – December 11, 2018

See the transformed Grand Avenue; food hall tenants named

The long-planned transformation of the Shops of Grand Avenue is moving forward as the owners create a food hall in its first floor, upper-floor office space and prepare to open new apartments.

Criticized for more than 10 years as a failing mall and a void west of the river in downtown Milwaukee, the Grand Avenue by early 2020 will likely be buzzing with new people. Renamed “The Avenue,” it could become another major draw for West Wisconsin Avenue…   …more

RSK: I have always been a fan of Grand Avenue Mall now called The Avenue. Can`t wait to visit it again.

Ken Notes: Once the build out is done we should take a tour…


Tonight Tonight Annual Holiday Party

CBG Annual Holiday Party & Meeting

Date: Tuesday, Dec 11th from 4-7
Location: Lucille, at 101 King Street

Time: 04:00 PM

Event Details:

Save the date for our annual Holiday Cocktail Party & meeting with hors d`oeuvres and alcoholic refreshments. More details to follow. We hope you can join us from 4 p.m. to 7:00 p.m. on Tuesday, December 11. This is one of the most well attended events of the year for CBG members, affiliates, and their guests. We`ll have a short meeting and then it will be time to celebrate with your friends and colleagues. Contact Wendy with any questions at 772-0060.

   …more



Fed`s Williams expects further U.S. rate increases into next year

NEW YORK (Reuters) – One of the most influential Federal Reserve policymakers said on Tuesday he expects further interest-rate hikes continuing next year since the U.S. economy is “in really good shape,” reinforcing the Fed’s upbeat tone in the face of growing doubts in financial markets.

Even as New York Fed President John Williams told reporters he expects the U.S. expansion to carry on and surpass its previous record around mid-2019, stock markets headed lower Tuesday morning while a potentially worrying trend of “inversion” continued to grip Treasury markets…

   …more

RSK: As interest rates rise, investment returns will fall along with prices.


Wisconsin Commercial Real Estate

   …more
Our focus is your focus, our goals are your goals.


Opportunity Zones, Marijuana-Related Properties and Retail Assets Among Best CRE Bets for HNW Investors in 2019

As high-net-worth (HNW) investors zone in on commercial real estate opportunities for 2019, Opportunity Zones, multifamily, marijuana, retail and industrial are emerging as some of the key areas to watch.

Real estate investments made next year by HNW investors should be weighed against rising interest rates and the prolonged economic expansion, according to Doug Brien, co-founder and CEO of Oakland, Calif.-based Mynd Property Management, which specializes in multifamily assets.

“For deals to make sense, investors will need to make sure cap rates remain high enough to balance out rising interest rates,” Brien says. “In my opinion, a long-time horizon should be incorporated into any investor’s strategy if they’re acquiring properties at such a late stage in this rising interest rate environment.”…

   …more

RSK: I guess opening a retail weed shop in an opportunity zone is a can`t miss eh?


Mid-America Real Estate Group
   …more
Mid-America Real Estate – Wisconsin, LLC offers the same high level of service in property leasing, asset management, tenant representation and investment sales for which Mid-America has become known.


Revisiting 2018`s Biggest CRE Predictions: The Good, The Bad And What We Got Wrong

As we look toward the new year and consider the new challenges and possibilities 2019 will bring for the industry, Bisnow revisited its commercial real estate predictions for 2018 to determine just how far off we were. From the continued expansion of the economy to the booming industrial market, turns out we were pretty spot on. We analyzed the 22 predictions below and how those trends all played out (or didn`t)….

1. The Economy Will Continue To Expand

2. Age Of The Cycle To Wear On Sector Fundamentals

3. Retail Bankruptcies To Slow…

4. Multifamily Construction To Remain Near Cyclical Peak…

5. Deal Volume To Pick Up, Slowly…

6. Office Market To Remain Flat…

7. Industrial To Excel All The More…

8. Leisure Travel To Become Increasingly Important in The Hotel Sector…

9. Undervalued REITs To Bounce Back…

10. Caution Of Overvalued Stock Market…

11. CMBS Maturation To Slow…

12. Data Center Demand Will Not Taper Off…

13. Infrastructure Investment To Be A Priority For The Administration…

14. Investor Interest In Senior Housing To Soar…

15. Enrollment Headwinds To Put Pressure On Universities…

16. Compressed Cap Rates Could Improve In 2018…

17. Retail Bifurcation, M&A Activity To Persist…

18. Office Footprint To Continue To Shrink…

19. Strong Connectivity To Remain A Priority For Companies…

20. Tech Solutions Continue To Address Challenges In Construction…

21. Co-Living, Short-Term Rentals Take Hold…

22. Tiny Apartments, Micro-Units Boom…

   …more

RSK: Good synopsis. I feel the market wised up to overpriced property and prices have leveled off……and are starting to decline where they start to make some economic sense.


Building For Sale: 2301 Columbus Ln Madison WI

60 Unit (5 building) apartment community on 7.33 acre wooded lot located close to East Towne Mall. Currently 100% occupied. Property also features 5 detached garages with a total of 47 stalls as well as a small playground set. Buildings have 1 Bedroom/1 Bath units and 2 Bedroom/2 Bath units (2 Bedroom units have private balconies). All units feature dishwasher and garbage disposal…

   …more



DECEMBER 2018 – Cirex Digital Version

  • Hundreds of property listings, organized for easy browsing.
  • New properties are featured every month.
  • Property/Drive CIREX Members alphabetically listed in our extensive directory.

   …more



Can average investors take advantage of a new real estate development tax break?

There`s a lot of talk about Opportunity Zones. Can anyone invest in them?

Investing in an opportunity zone is not for everyone, but for the right investor, it could be a once-in-a-lifetime tax break.
Opportunity zones are designated as economically distressed areas by each state and certified by the US Department of the Treasury.

As a result of recent tax reform, opportunity zones have emerged as a way for distressed neighborhoods to attract needed real estate development and for investors in these projects to receive favorable tax treatment. Such investments could allow you to defer capital gains taxes until 2026, reduce the amount of taxes you owe by up to 15% and pay no taxes on the fund`s gains if you hold it for ten years….

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RSK: Heed the line that says “Just because you could get a significant tax break from an opportunity zone fund does not mean that it is a good investment.”


ARTIS REIT / Madison Lifestyle Office Portfolio

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Madison Lifestyle Office Portfolio comprises 16 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.


Who said stores are dead? These 5 retailers are investing billions of dollars in bricks and mortar

Though shoppers are increasingly spending more time and money online, that doesn`t mean retailers should ignore their stores. In fact, some of the biggest players in the industry are spending billions of dollars to remodel their existing shops, hoping to lure customers inside with more modern fixtures, easier checkout options and online order pickup kiosks. That`s as Amazon — many retailers` biggest threat today — is investing more in its own real estate and opening stores ranging from its cashier-less “Go” convenience shops, novelty “4 Star” locations and bookstores. It`s also shaking up the grocery industry with its acquisition of Whole Foods, pushing companies like Kroger to think outside the box, or partner with other retailers, as they try to grow. And it was also reported earlier this week that Amazon could test its cashier-less technology for bigger stores, something that could further challenge traditional retailers.

“Brick-and-mortar retailers need to give consumers a reason to visit stores instead of making online purchases, and, to that end, an increasing number of companies have started investing in stores,” Hong Kong-based Coresight Research analyst Albert Chan said in a research note. “We expect an increase in retailers` capital expenditures to remodel stores as the competition to attract store traffic intensifies against the backdrop of increasing penetration of e-commerce.”

   …more

RSK: As the larger retailers expand brick n mortar, smaller shops are expanding their online presence….it is all morphing.


Building For Lease: Retail/Office for lease 1026 W Main St 1028 W. Main St Sun Prairie WI

2,400 Sq. Ft. Retail/Office space located in the busy Main Shopping Center. This end cap has great visibility, parking and located on newly expanded West Main St in fast growing Sun Prairie.

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The Gialamas Company, Inc.

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The Gialamas Company`s premier development. The park has over 57 buildings containing 200+ companies, occupying over 3.0 million square feet.


Why do all new apartment buildings look the same?

A wave of sameness has washed over new residential architecture. U.S. cities are filled with apartment buildings sporting boxy designs and somewhat bland facades, often made with colored panels and flat windows.

Due to an Amazon-fueled apartment construction boom over the last decade, Seattle has been an epicenter of this new school of structural simulacra. But Seattle is not alone. Nearly every city, from Charlotte to Minneapolis, has seen a proliferation of homogenous apartments as construction has increased again in the wake of the financial recession…

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RSK: True here in our market as well….but it does boil down to code, cost & craft.

Ken Notes: I hope to see some smaller units with shared amenities in the Madison footprint. I have to believe that 200 sq ft solo is as good as 900 – 1200 sq ft with 8 students but I may be wrong…



High Point Office Park
Affordable. Versatile. Excellent visibility. A unique gem tucked alongside Madison’s West Beltline Highway 12/14…


FAO Schwarz to open toy store in Midway as part of airport’s retail makeover

The city is planning to phase out the existing shops at Midway and replace them with 70 new retail brands by 2020

Renowned New York toy store FAO Schwarz will join a revamp of the Midway Airport shopping concourse that’s on track to bring 70 new retail brands to the airport by 2020.

FAO Schwarz applied for a permit to add a store sign in the airport, according to city buildings department records. A city spokesperson confirmed the lease Monday but did not say how much space the store would take inside the city’s junior airport….

   …more

RSK: You now know where to find me if I am ever traveling through Midway Airport!!

Ken Notes: I`ll bet the airlines just love this, “I just bought this stuffed elephant, what do you mean I can`t carry it on???”



2018 Event Calendar

TODAY: 2018 Market Update – Presented by MB Financial Bank

December 11 @ 3:00 pm7:00 pm

CARW & NAIOP-WI bring you the 2018 Market Update presented by MB Financial Bank

This event is an annual check-in that provides a current and comprehensive look at the state of the industrial, investment, office and retail segments of the commercial real estate markets in Southeastern Wisconsin…

   …more

RSK: A list of CARW Events and CE.


Without Toys R Us, one iconic, international toy chain could soon make its mark in the US

Key Points
  • Without Toys R Us, an $11 billion toy industry has been left with no clear market leader.
  • British toy retailer Hamleys is close to finalizing a deal where it would secure roughly 30,000 square feet at 2 Herald Square, near Macy’s and Victoria’s Secret, a person familiar with those negotiations tells CNBC.
  • The company is looking to grow in the U.S., as retailers like Walmart and Target are trying to sell more toys.

    Without Toys R Us, an $11 billion toy industry has been left with no clear market leader.

    Companies like Target, Walmart, Amazon and Kohl’s are trying this holiday season to sell more toys to kids and their parents, but the verdict is still out on which company will best fill the void that Toys R Us left behind. Seeing a huge opportunity, one iconic, international toy retailer could soon make its first move into the U.S. with a flagship location in New York, and plans for a wider rollout of stores to follow.

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RSK: Someone has to pick up the slack. I like Kohls model myself but you cannot survive on a few Holidays per year in the toy market…


Reinhart Boerner Van Deuren s.c.

   …more
With the largest Real Estate Practice of any law firm in Wisconsin, Reinhart offers clients custom-tailored real estate insight.


RASCW Events and updates

2019 RASCW Commercial Real Estate Forecast

Wednesday, January 23, 2019

Registration 1:00 pm • Program 1:30 pm – 4:00 pm
Corporate Conference Center • TDS Building
525 Junction Road, Madison

Presenters

Commercial Real Estate: What is Next?

Mark J. Eppli, Director of the James A. Graaskamp Center for Real Estate

Tax Cuts & Jobs Act of 2017: What Does it Mean in 2019?

Jeff D. Olson, CPA, MBA – Berndt CPA

Madison Development

Matt Wachter, Manager of Real Estate Services and
Dan Kennelly, Manager of Office of Business Resources,

Economic Development Division, City of Madison

Social Networking 4:00 pm – 5:30 pm
Eno Vino Wine Bar & Bistro
   …more



Knight Barry Title Group

                       608-255-2700  www.KnightBarry.com

   …more

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



Competitive Ax-Throwing Facilities Spreading Rapidly In U.S. Cities

In an age where the young and sociable set’s desire for new experiences is only rivaled by the retail market’s desire to create them, the sport of ax throwing has gained a serious foothold in a short time.

People have been throwing axes for sport for thousands of years, but the modern concept of a venue specifically dedicated to regulated ax throwing started in 2010, when Matt Wilson founded Backyard Axe Throwing League in Toronto after years of organizing it in his backyard. BATL had grown a following when Matt and Krista Paton visited in 2015, fell in love and co-founded Urban Axes in Philadelphia with partners Stu Jones and Shaun Hurley the following year….

   …more

RSK: This is nothing new here in Northern Wisconsin…check out the second picture fella`s. Make sure you are on good terms with your Lady!


FoodFight Restaurant Group – WELCOME

Our roster of restaurants reads like a who`s who of Madison`s favorite eateries: From Monty`s Blue Plate Diner, to The Avenue Bar, to Steenbock`s on Orchard, each is unique in its atmosphere and menu and each is the best at what it does!
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Seven Takeaways from the ICSC New York Deal Making Conference 2018

Attendees at ICSC’s New York Deal Making conference say the string of retailer bankruptcies is about to end.

ICSC’s annual New York Deal Making conference got underway at the Jacob K. Javits Convention Center this week, with industry insiders in attendance claiming the months-long streak of retailer bankruptcies and store closings is tapering out and the retail sector should have a stable year in 2019. Here are some takeaways from Wednesday, the first day the trade show floor was open….

   …more

RSK: Great wrap-up. I like #3 which I have always maintained is where you want to be.
,br>Ken Notes: Read this!!


Crown Commercial Real Estate/Development, LLC

Offering real estate services and design-build construction solutions for growth oriented clients…   …more


10 commercial real estate conferences to attend in 2019

Brokers know that prospecting, nurturing relationships, and networking are crucial for success in commercial real estate. One of the best (and most fun!) ways to network with a lot of people in a short amount of time is by attending industry events and conferences.

Conferences provide an opportunity to meet with people you might not otherwise meet in your local market. Beyond that, they often feature highly regarded industry speakers and continuing education sessions that keep you up to date on the latest trends and boost your industry knowledge. While there are many conferences to choose from, here are the top 10 that we think brokers should check out in 2019.

1. MIPIM

March 12-15 | Palais des Festivals, Cannes, France….


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RSK: Put one or two of these on your list if you can.

Ken Notes: If you can not make the Cannes trip you can send me and I will give you a full report….



Recent sponsors below…
Thanks you for sponsoring CIREX and Cirexnews.com
   …more


MIG Commercial Real Estate

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“The attention to detail, preventative maintenance, and proactive communication exhibited by MIG makes them a true business partner.”


Evans Properties, LLC.

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Professional Real Estate Management and Sales


Newmark Grubb Gialamas

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Newmark Grubb Gialamas specializes in investment sales, office, retail, industrial, land, multi-family properties and 1031 exchanges. Our knowledgeable, local brokers are subject experts in their field.


T. Wall Enterprises

Expect Professional Management with a Personal Touch
with every T. Wall Urban Village.

(608) 575-1018 or Contact@TWallEnterprises.com

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IA Management

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IA Management is a full service property management company located in Madison, Wisconsin. Our objective is to be a profitable leader in both commercial and residential real estate.


Madison Commercial

For lease on Medical Circle – Up to 4,902 SF Available

  •     Currently being remodeled with new elevator
  •     Open floor plans
  •     Under new ownership
  •     Beltline visibility & monument signage
  •     Plenty of parking

call Mike Herl

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Masters-hall Appraisal

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ST. Johns Properties
St. Johns
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Five flex/R&D buildings – 138,000+ sq. ft. – Hwy 51 and Hoepker Road – High End Image – Affordable and Flexible Floor Plans – Warehouse – R&D, Light Manufacturing – Showroom


Ruedebusch Development & Construction

Ruedebusch Development & Construction, Inc. is a highly qualified, vertically integrated full service commercial construction, and real estate development company located in Madison, Wisconsin which offers:

  • Commercial Real Estate Development
  • Design Build Construction
  • Commercial Real Estate Brokerage
  • Economic Development, Commercial Real Estate, and Facility Consulting

   …more

CIREX News & Views – December 4, 2018

Chinese Dumped $1 Billion of U.S. Real Estate in Third Quarter, Extending Recent Retreat

Chinese investors offloaded more than $1 billion in U.S. real estate in the third quarter, extending their recent retreat from hotels, office buildings and other foreign property under pressure from Beijing to reduce debt and curb money sent abroad.

Insurers, conglomerates and other big investors from China sold $1.05 billion worth of U.S. real estate in the third quarter, while purchasing $231 million of property, according to data firm Real Capital Analytics.

That was the second straight quarter in which Chinese were net sellers of U.S. commercial real estate. The second quarter marked the first time these investors sold more U.S. property than they bought during a quarter since 2008…

   …more


CBG NOTES: events

CBG Annual Holiday Party & Meeting

Date: Tuesday, Dec 11th from 4-7
Location: Lucille, at 101 King Street

Time: 04:00 PM

Event Details:

Save the date for our annual Holiday Cocktail Party & meeting with hors d`oeuvres and alcoholic refreshments. More details to follow. We hope you can join us from 4 p.m. to 7:00 p.m. on Tuesday, December 11. This is one of the most well attended events of the year for CBG members, affiliates, and their guests. We`ll have a short meeting and then it will be time to celebrate with your friends and colleagues. Contact Wendy with any questions at 772-0060.

   …more


In-Building Wireless and Emerging 5G and CBRS Technology – The Potential Impact on Commercial Real Estate

There are nearly 5B mobile phone users in the world today. We’ve recently surpassed the 50% mark and now over half are smartphone users who are gobbling up bandwidth with live media and immersive content faster than the carriers can supply it. And with so many IoT devices coming online, from video security to automobiles, the demand is increasing exponentially. Although still a couple of years away, 5G and CBRS have not only become hot topics for carriers, telecom equipment manufacturers and end-users, but also building owners and tenants. Despite the high level of interest, there are still numerous questions on how building owners will actually connect with these technologies, and how they’ll impact tenants and visitor’s consumption of data. In this webinar we’ll explore how CRE stakeholders can best prepare to take advantage of these groundbreaking new technologies…

   …more

RSK: Might be worth the time. 5G is coming soon!

Ken Notes: I have been following 5G for several years, it will have a huge impact on business because it actually offers and alternative to our current internet options. Taller buildings may be able to “trade” tower locations for amazing access in the building. 5G will eventually compete with WIFI for all our device access. It will also change the way we think about communication as all our devices become linked. Watch the investment curve here it will start out very expensive and move down fast…


Wisconsin Commercial Real Estate


   …more
Our focus is your focus, our goals are your goals.


Building For Sale: Paoli Creamery — 6858 Paoli Rd

7.5 Acres on the Sugar River in Paoli, this 10 unit mixed-use commercial/residential bldg has 10 unique, large units many with high vaulted ceilings overlooking the Sugar River. No one unit is alike. 7.5 acres, makes room for additional units or building, C1 zoning allows many uses. Real Estate only for sale. Building is fully leased. 48-hour notice for showings 10-12 on Tues & Thurs. Proof of funds availability needed…

   …more

Ken Notes: Now this is a destination property!


Mid-America Real Estate Group

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Mid-America Real Estate – Wisconsin, LLC offers the same high level of service in property leasing, asset management, tenant representation and investment sales for which Mid-America has become known.


Rooftop domes headed to Café Benelux for new dining experience

Café Benelux in Milwaukee’s 3rd Ward plans to offer a new way for customers to dine outdoors. 

Lowlands Group, which owns the café, said in a Thursday news release that it would install six private, heated domes on the restaurant’s rooftop late this month. Guests can book a dome for up to eight people for a 90-minute time slot on Friday, Saturday and Sunday evenings….

   …more

RSK: We need a few of these in Madison for our long winters….how about Fresco, Craftsmen Table & Tap?…


DECEMBER 2018 – Cirex Digital Version

  • Hundreds of property listings, organized for easy browsing.
  • New properties are featured every month.
  • Property/Drive CIREX Members alphabetically listed in our extensive directory.

   …more


ARTIS REIT / Madison Lifestyle Office Portfolio


   …more

Madison Lifestyle Office Portfolio comprises 16 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.


White House Climate Change Report Highlights Major Implications For Commercial Real Estate

Several federal agencies, including the U.S. Global Change Research Program, delivered a quadrennial report on the potential effects of climate change and the country`s ability to address them over Thanksgiving Day weekend. The report`s findings were sobering, but did little to sway President Donald Trump, who publicly denounced the study upon its release….
Topics covered…

Infrastructure
Cities
Economy
Tourism
Actions And Attitudes For Change

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RSK: I think #4 is of most concern and will affect all of us in one way or another.


The Gialamas Company, Inc.


   …more
The Gialamas Company`s premier development. The park has over 57 buildings containing 200+ companies, occupying over 3.0 million square feet.


Survey: CRE Brokers High On Cannabis Real Estate Deals

On the heels of voters approving the legalization of marijuana in three more states, a survey of brokers by commercial real estate software company Apto found that 85% would do another cannabis real estate transaction, despite the difficulty of negotiating deals.

Voters in Michigan legalized marijuana for recreational use, and voters in Missouri and Utah legalized the use of medical marijuana. Now, 33 states and the District of Columbia have some form of legal marijuana sales.

Brokers rated the difficulty of a cannabis deal compared with a conventional deal at 8 on a scale of 1 to 10, with 1 being less difficult and 10 being more difficult…

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RSK: Lots of transactions happening especially in retail. I still have my doubts that Wisconsin will legalize cannabis but you never know.

Ken Notes: Imagine a bad news day for The Donald, so to change the press flow he picks up the phone and directs the feds to invade every establishment selling cannibals in every state.


Building For Lease: Orchard Pointe II – 6317 McKee Rd WI

Orchard Pointe II is minutes to the Beltline, adjacent to Hwy 18. It is shadow anchored by Super Target (one of only two in Wisconsin) and Hy-Vee. The center features excellent visibility and frontage. There is an end-cap for lease with ample signage opportunities. Co-tenants include Elements Massage, The Flying Hound, The Joint Chiropractic, and Mendota Springs Dentistry.

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High Point Office Park

Affordable. Versatile. Excellent visibility. A unique gem tucked alongside Madison’s West Beltline Highway 12/14…


Five Takeaways from Marcus & Millichap’s 2019 Office and Industrial Forecast

The outlook for office and industrial sector remains mostly positive.

Real estate services firm Marcus & Millichap presented its 2019 office and industrial forecast during a webinar on Tuesday, signaling mostly positive outlooks for both sectors as the industry nears the end of this economic cycle. Here are some key points from the presentation.

  1. All suburban office properties are not the same.
  2. Single-asset suburban office sales were at record levels in the third quarter.
  3. This economic cycle has been one of the longest in the U.S., but one metric that could signal restrained growth is labor force shortages
  4. Two big inflationary metrics to watch:
  5. Industrial construction is slowing, but vacancies remain steady.

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RSK: This pretty much says the state of CRE to date for Office/Industrial. Good take away.


2018 Event Calendar

CCIM Holiday Party

December 6 @ 4:30 pm7:00 pm

Join us in celebrating the holiday season with networking, cocktails and appetizers!

If you are unsure if you are a Wisconsin Member, please contact Layla@carw.com

REGISTER HERE

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RSK: A list of CARW Events and CE.


Reinhart Boerner Van Deuren s.c.


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With the largest Real Estate Practice of any law firm in Wisconsin, Reinhart offers clients custom-tailored real estate insight.


RASCW Events and updates

2019 RASCW Commercial Real Estate Forecast

Wednesday, January 23, 2019

Registration 1:00 pm • Program 1:30 pm – 4:00 pm
Corporate Conference Center • TDS Building
525 Junction Road, Madison

Presenters

Commercial Real Estate: What is Next?

Mark J. Eppli, Director of the James A. Graaskamp Center for Real Estate

Tax Cuts & Jobs Act of 2017: What Does it Mean in 2019?

Jeff D. Olson, CPA, MBA – Berndt CPA

Madison Development

Matt Wachter, Manager of Real Estate Services and
Dan Kennelly, Manager of Office of Business Resources,

Economic Development Division, City of Madison

Social Networking 4:00 pm – 5:30 pm
Eno Vino Wine Bar & Bistro
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Apartments are getting smaller – but renters are paying more

  • The average size of newly built apartments in 2018 is 941 square feet, which is 5 percent smaller than it was a decade ago. For studio apartments, the change is more pronounced — they`re 10 percent smaller.
  • Overall, including old and new apartments, the Southeast has the largest units in the nation, while California has the smallest.
  • Micro-units are becoming more popular, following on the tiny-house trend, as millennials tend to be more environmentally conscious than previous generations.

Apartments are getting smaller in much of the U.S., even as rents are rising.

The average size of newly built apartments in 2018 is 941 square feet, which is 5 percent smaller than it was a decade ago. For studio apartments, the change is more pronounced — they`re 10 percent smaller. Rents, on the other hand, have jumped 28 percent during the same time period, according to RENTCafe, a nationwide apartment search website.

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RSK: This can be a bit misleading. If just using sq. ft. and not volume or cubic sq. ft. the story may differ. Higher ceilings and fewer walls can make a smaller apartment feel much larger than it is. Same with larger windows.

Ken Notes: We are missing the boat in Wisconsin by not creating more opportunities for stick built Micro Housing think: vacation properties, retirement, student housing, homeless and low income, equity building starter properties. The apartment boom is because we are not building low cost starter homes with nice amenities in walkable neighborhoods…


Knight Barry Title Group

                       608-255-2700  www.KnightBarry.com

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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


Is this what the office of 2025 will look like?

In the past decade, offices have already begun to evolve from the dreary cubicles of workplaces past. But it’s only just begun, and the next ten years will see even more dramatic changes, says David Thame

The last thing the office of the future will look like is an office. A hotel, maybe. Perhaps an art gallery or a nice restaurant with gardens. But not like an office. Definitely not.

This is the conclusion some readers have drawn from the blue-sky thinking by MoreySmith, one of Europe’s leading design and architectural firms. The consultancy has unveiled a Workplace Futures Report(1) in partnership with The Future Laboratory, revealing what offices could look like by 2025….

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RSK: Very well written….who knows what the future office will look like…. it`s all just a snapshot in time as it keeps evolving and morphing.

Ken Notes: Why do we think there will be “The Office”. The Office should and will be about corporate culture and workflow. Companies should know their employees and how they work most efficiently and then design spaces for this. Some will be open with ping pong tables others will be 8×8 sound proof cubes and mine will be a home on the Sugar River with a big deck…

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Building For Sale: 4633 Hwy 138 Oregon WI

Unique mixed-use space for lease or sale, located directly along Hwy 138 in Oregon, WI. The 3.2 acre parcel offers abundant outside storage, ample parking, and an opportunity for a building expansion or redevelopment. Ideal for commercial, retail, agriculture, and/or industrial tenants.
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FoodFight Restaurant Group – WELCOME


Our roster of restaurants reads like a who`s who of Madison`s favorite eateries: From Monty`s Blue Plate Diner, to The Avenue Bar, to Steenbock`s on Orchard, each is unique in its atmosphere and menu and each is the best at what it does!
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More trouble for malls: A new wave of closures from Gap, Victoria`s Secret and others

  • Malls and shopping centers across the U.S. are preparing to be hit by more store closures.
  • A slew of specialty retailers like Gap and L Brands are getting serious about downsizing, which will leave more vacant storefronts within malls until landlords are able to replace tenants.
  • Meanwhile, a number of e-commerce brands are looking to open stores, as malls add co-working spaces and apartment complexes to the mix.

Mall and shopping center owners across the U.S. are preparing to be hit by more store closures, following a brutal year that included department store chains like Bon-Ton and Sears going bankrupt, Toys R Us liquidating and even Walmart shutting dozens of its club stores….

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RSK: Online shopping has put the sting in Mall owners high retail lease rates. They will need to negotiate and give a few more concessions to keep tenants.

Ken Notes: Malls will need to become destinations with things to do as well as things to buy…


Building For Sale: 4722 Hwy 78 Black Earth WI

Great investment opportunity! 48 +/- total acres; 17 acres zoned A-2 with a conditional use permit for a quarry; 32 acres zoned Commercial C-2. 36×90 Metal Pole Shed constructed in 2002; 44×75 Metal Pole Shed with 12 ft eaves, 18×44 ft space heated. 30×50 Kiln Building with a 16×50 lean-to; 14×50 lean-to & 12×14 lean-to. All buildings and the quarry are leased. Small home on site also.

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Crown Commercial Real Estate/Development, LLC


Offering real estate services and design-build construction solutions for growth oriented clients…   …more


Welcome to DSPS!

The Electronic Safety and Licensing Application (eSLA) is now live for the following: Delegated Agents, Dwelling Contractor Certifications, Manufactured Homes Licenses and Titling, POWTS Plan Review, Soil Certifications, Uniform Dwelling Code (UDC) Certifications, and UDC Inspection Agency Registration. Public Lookup is also live for these programs in eSLA. Click here for more information on our new system.

Every first-time eSLA user must create a new account by clicking one of the two options under the “New Users” heading on the left. Once you have created your account, you will be able to log in under the “Existing Users” heading on the right. Visit esla.wi.gov to get started.   …more

RSK: Might as well let the DSPS of Wis know how you feel…


Recent sponsors below…

Thanks you for sponsoring CIREX and Cirexnews.com
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MIG Commercial Real Estate


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“The attention to detail, preventative maintenance, and proactive communication exhibited by MIG makes them a true business partner.”


Evans Properties, LLC.


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Professional Real Estate Management and Sales


Newmark Grubb Gialamas


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Newmark Grubb Gialamas specializes in investment sales, office, retail, industrial, land, multi-family properties and 1031 exchanges. Our knowledgeable, local brokers are subject experts in their field.


T. Wall Enterprises

Expect Professional Management with a Personal Touch
with every T. Wall Urban Village.

(608) 575-1018 or Contact@TWallEnterprises.com

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IA Management


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IA Management is a full service property management company located in Madison, Wisconsin. Our objective is to be a profitable leader in both commercial and residential real estate.


Madison Commercial

For lease on Medical Circle – Up to 4,902 SF Available

  •     Currently being remodeled with new elevator
  •     Open floor plans
  •     Under new ownership
  •     Beltline visibility & monument signage
  •     Plenty of parking

call Mike Herl

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Masters-hall Appraisal


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Hoepker Corporate Center / St, Johns Properties

St. Johns
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Hoepker Corporate Center -Five flex/R&D buildings – 138,000+ sq. ft. – Hwy 51 and Hoepker Road – High End Image – Affordable and Flexible Floor Plans – Warehouse – R&D, Light Manufacturing – Showroom


Ruedebusch Development & Construction

Ruedebusch Development & Construction, Inc. is a highly qualified, vertically integrated full service commercial construction, and real estate development company located in Madison, Wisconsin which offers:

  • Commercial Real Estate Development
  • Design Build Construction
  • Commercial Real Estate Brokerage
  • Economic Development, Commercial Real Estate, and Facility Consulting

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