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…
Time: 04:00 PM
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…
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…
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…
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….
- Hundreds of property listings, organized for easy browsing.
- New properties are featured every month.
- Property/Drive CIREX Members alphabetically listed in our extensive directory.
Actions And Attitudes For Change
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…
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.
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.
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.
- All suburban office properties are not the same.
- Single-asset suburban office sales were at record levels in the third quarter.
- 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
- Two big inflationary metrics to watch:
- Industrial construction is slowing, but vacancies remain steady.
CCIM Holiday Party
December 6 @ 4:30 pm – 7:00 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
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
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
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
- 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.
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…
MADISON: 2450 Rimrock Road, Suite 204, 608-255-2700
CAP SQUARE: 44 E. Mifflin Street, Suite 101, 608-255-2700
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….
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…
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!
- 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….
Ken Notes: Malls will need to become destinations with things to do as well as things to buy…
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.
Offering real estate services and design-build construction solutions for growth oriented clients… …more
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. Visitesla.wi.gov to get started. …more
Expect Professional Management with a Personal Touch
with every T. Wall Urban Village.
(608) 575-1018 or Contact@TWallEnterprises.com
- Currently being remodeled with new elevator
- Open floor plans
- Under new ownership
- Beltline visibility & monument signage
- Plenty of parking
call Mike Herl
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