2019 RASCW Commercial Real Estate Forecast
May 29 @ 1:30 pm – 4:00 pm
TDS Conference Center – 525 Junction Road
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
Corey Lamont and Tom Larson – Wisconsin REALTORS® Association
Legal Updates and Legislation
Social Networking 4:00 pm – 5:30 pm
Eno Vino Wine Bar & Bistro
While the tax benefits of Section 1031 exchanges in commercial real estate are well-known to most practitioners, the new qualified opportunity zone program now offers another approach to deferring or eliminating taxable gain. Qualified opportunity zone investments in commercial property can be similar to 1031 exchanges, to defer taxes, but the differences in tax implications can be significant when there is
a disposition of the property. Plus, the lack of well-established case law, regulations, and other guidance for investments in qualified opportunity zones creates risks — risks that should be considered carefully before investing in opportunity zones. Join CCIM Institute and
experts Dr. Mark Lee Levine, CCIM and Libbi Levine Segev, JD, LLM to hear how you can best leverage both options and tackle the unique challenges of each. Of course, there are other alternatives that will be
examined, beyond undertaking the use of an Opportunity Fund or a 1031 transaction…
RSK: A free course from CCIM on Opportunity Zones and 1031 Exchanges.
The Gialamas Company`s premier development. The park has over 57 buildings containing 200+ companies, occupying over 3.0 million square feet.
“As long as real estate has existed, obsolescence has been a challenge: Buildings have always deteriorated, and the way people use them has changed. But today the issue is acute.”
That is the opening of a new report from the Urban Land Institute and PwC, Emerging Trends in Real Estate: The Global Outlook for 2019,
which examines how real estate needs to operate in a new world where the way people use space is changing fast. As a result the business models that have served real estate well for decades are becoming increasingly challenged.
“The customer used to be the capital markets, but now it is the person using the building,” one report interviewee said (interviewees are anonymous)….
RSK: If you are in retail and development this is the one article you need to read this week. In fact whatever sector you are in read this one. New concepts coming online for just about everyone.
with 2,000 units. Store Here Self Storage will manage the asset.
Phoenix Investors is set to convert a 200,000-square-foot industrial facility into a storage asset in Mount Pleasant, Wis. The firm plans to add about 2,000 self storage units to the property. The facility will be
branded and operated by Store Here Self Storage.
Located at 7505 Durand Ave., the storage facility will be near the intersection of freeways 11 and 31, approximately 30 miles from downtown
RSK: That is a whole lot of units and storage space. A lot of it will be high grade units. Wonder when WeWork will get into this business.
Ken Notes: Even at $100 / month that is 200K per month or 2.4 million per year not a bad investment…
Since 1975, Flad Development & Investment Corp. has emerged as a leader in the development of quality commercial real estate projects in Madison and Milwaukee.
The latest in the trend to boost wellness and productivity is a sleep retailer.
Nap Bar is opening its first location on April 1 in Rice Village. It is the first facility in Texas that allows customers to pay to take a power nap.
It is located inside New Living, a natural and organic mattresses retailer, at 6111 Kirby Drive.
“Our goal is to promote wellness and turn sustainable rest into sustainable productivity for health-conscious humans,” Nap Bar founder and President Khaliah Guillory said in a release.
RSK: I think this might go the way of the Cat Cafe in Madison…
Ken Notes: I like the Japanese hotels that offer sleep pods and think that might fly for some. When I traveled extensively I often found big hotel rooms a waste…
3600 square foot end-cap office space with a mix of private offices and open areas
Let’s be honest: Real estate valuations are very high today. But worries of an impending housing crash are premature. There are many trends that could continue to drive real estate values. A millennial middle class hungry for the independence of owning a home and a reasonable economy outweigh housing indicators that might signal a downturn is imminent. That doesn’t mean U.S. real estate markets are not in a pivotal phase. In fact, 2019 is poised to create significant opportunity for those who understand the five significant economic and demographic trends driving the market. Let’s consider the following five trends:
1. Rise in Interest Rates…
2. Millennial Homebuyers Enter The Market…
3. Growth Of Secondary Cities…
4. Housing Affordability…
5. Impact of Opportunity Zone Funds…
RSK: Not sure the author hit the mark on this one.
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.
continues to gobble up space in metro Denver, making it the largest user of office space in town, but not all building owners welcome the coworking behemoth with open arms…
…“If they overwhelm a building, tenants feel swallowed up,” Neenan said. “But if they’re dispersed, it becomes an amenity — not just for the tenants in the building but for others nearby.”…
RSK: Is WeWork an amenity or a deterrent?
Ken Notes: Wow WeWork has 628K Sq ft in Denver and is the largest user of office space in Denver. That is huge…
Walmart is closing at least nine US stores across eight states.
The closing stores include one Walmart Supercenter in Lafayette, Louisiana, and eight Walmart Neighborhood Market stores in Arizona, California, Kansas, South Carolina, Tennessee, Virginia, and Washington.
The closing date for most of the affected stores is April 19, according to employees of those stores, who confirmed the closings to Business Insider.
RSK: I thought these stores would be located near campuses and other dense neighborhoods. What caught my eye is they plan to open less than 10 new stores this year. Saturation point?
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.
- New Jersey and Philadelphia have new laws banning stores that do not accept cash, citing issues of discrimination.
- Now, San Francisco is weighing a proposal for similar legislation.
- A local official says cashless Amazon Go stores would be included in the proposed legislation.
San Francisco is considering a ban on cashless Amazon stores as it weighs a bill that would make it one of a growing list of cities forbidding cashless retailers.
Just this week, New Jersey followed
Philadelphia’s lead in signing into law a cashless store ban. Lawmakers
argue that cashless stores can effectively discriminate against low-income consumers, who may not have a bank account or credit card. But businesses say going cashless is good for consumers and reduces the risk of robbery and the ability to evade taxes…
RSK: I don`t think this is all bad. In fact, Hy-Vee just put in 10 self-checkout lanes to speed things along with some credit card only.
Affordable. Versatile. Excellent visibility. A unique gem tucked alongside Madison’s West Beltline Highway 12/14…
NextGen: Developer Session Hear from some of the top developers in the industry in the March NextGen session – exclusive to members of the NextGen class! Speakers: TBD Interested in being a NextGenR…
RSK: A list of CARW Events and CE.
Companies relocating to the Dallas-Fort Worth Metroplex have their pick of cities to land in, but city officials say they aren’t fighting over these businesses — instead, they`re hunkering down, studying the data and figuring out what relocations are the best fit for their respective communities.
The Federal Reserve Bank of Dallas reports 25,000 firms moved to Texas from 2000 to 2013, bringing 300,000 jobs. This Fed data may
signify a competitive environment where cities are fighting over relocations to add to their tax rolls, but instead competition is giving
way to a regional focus on synergy and a demand for the firms coming in
to be the right fit for each community. ..
RSK: What really caught my interest in this story is the map. I didn`t realize there are so many lakes around the DFW metroplex.
At Schenks Corners. Eclectic old remolded retail suites in great neighborhood. 3 suites remain.
Eclectic space at the Schenks Corners. Old meets new remodeled. 2 tenant parking spots included plus street parking.
Crown Commercial Real Estate & Development, LLC
With the largest Real Estate Practice of any law firm in Wisconsin, Reinhart offers clients custom-tailored real estate insight.
retail space will be available in June 2019, in the charming and
popular destination village of Paoli, WI, just minutes from Madison.
A retail art gallery has operated very successfully in the space for
space is located in the historic creamery overlooking the scenic
Sugar River. It features high ceilings, large glass block windows,
ceramic block walls, wheelchair accessibility and off-street parking.
businesses in town include an upscale restaurant, several other
eating establishments, art and craft galleries, a beer garden, an
artisan cheese store and other specialty shops. A well-established
merchant organization plans several town-wide
events each year, attracting sizable crowds and offering live music,
refreshments, art openings and other special activities. Paoli is
also a popular area for cyclers, fishing and boating.
total rental space available is 5170 square feet, including
retail/commercial space, bathroom, and storage. There is an option to
split the space into two sections (820 square feet and 4350 square
feet). Rental rates from $5.38 to $6.22 per square foot. Tenants pay
you have anyone interested please call or text Ralph Kamps at
608-345-2880 for more info…
Ken Notes: This is perfect as a destination retail outlet for arts, brewery, winery, crafts, a bike shop or more.
Date: Tuesday, April 9th, 2019
Time: 07:15 AM
Mark your calendar for our breakfast meeting and CE-1 Wisconsin Listing Contracts on Tuesday, April 10, 2019. Thanks to our sponsor, Wisconsin Commercial Real Estate, LLC. 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-1 Wisconsin Listing Contracts
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 firstname.lastname@example.org.
Location: 2598 W. Main Street, Sun Prairie
OVERALL DEAL OF THE YEAR
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
And so on and so on.
Over the years I’ve done a pretty decent job of helping explain why your data is such a valuable part of what you do.
I’ve also said many times that you should not only use quality data sets but that you should also GET PAID for it.
But as we all know our industry has decided there is still some form of value in giving it away and paying to get it back.
Every time there is some kind of media event about data providers there is always the usual outrage about pricing, practices and then the “why in the hell is there not a cheap alternative…blah blah blah.”
As we sit here today you still collect the data, give it away, and pay to get it back, with restrictions out the…
RSK: You have to read this one by the Dukester!
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!
New apartment deliveries are creating more demand for property management companies. Research from CBRE estimates that the top 66 metros in the US will deliver a total of 300,000 new apartment units this year. That is a 15% increase over 2018 deliveries. Multifamily investment will also increase this year, with an expectation of more than $150 billion in multifamily investment. Opportunity zone funds will
also fuel additional investment this year as well. New deliveries will mean two things for property managers: more competition at existing assets under management and new demand from developers for property management representation… …more
RSK: The best thing will be more competition and pricing. There is a point where the amenities are not worth the rent increase for new properties.
vacant retail building over 12,736 sq. ft. 200 amp service – overhead doors – outside garage – located on busy hwy 12 short drive to Madison, Baraboo, Wisconsin Dells near unity Health Insurance – over 16,000 car daily.
Offering real estate services and design-build construction solutions for growth oriented clients… …more
Commercial real estate brokers` bottom line depends on their ability to predict trends and watch the market. This week, many are using that skill to fill out their bracket for March Madness, the biggest college event of the year. They just happen to be using a little bit less of that skill for work this week.
Brokers are expected to be less productive during the men`s basketball tournament over the next two weeks, according to to the latest Apto National Broker Buzz Poll. Forty-six percent of brokers surveyed also plan to sleep less during the tournament in order to watch
RSK: Enough said…but here in Wisco, with Marquette and UW blown out of the first round, it may be a bit more work and less watching.
Thanks you for sponsoring CIREX and Cirexnews.com
“The attention to detail, preventative maintenance, and proactive communication exhibited by MIG makes them a true business partner.”
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.
Professional Real Estate Management and Sales
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.
Expect Professional Management with a Personal Touch
with every T. Wall Urban Village.
(608) 575-1018 or Contact@TWallEnterprises.com
Our focus is your focus, our goals are your goals.
- Currently being remodeled with new elevator
- Open floor plans
- Under new ownership
- Beltline visibility & monument signage
- Plenty of parking
call Mike Herl
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, 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
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