Amazon was focused on talent pipelines and incentives when it was looking for a place to put its second headquarters, but when its executives visited Arlington last year, a handful of community interactions helped convince them that it was the place to come.
Amazon global economic development head Holly Sullivan, speaking Thursday morning at Bisnow’s Amazon HQ2-Apalooza event, said the company dispatched an employee to take the temperature of the Arlington community when it was deciding whether it should bring its 25,000-plus jobs to the area.
The Amazon employee sat in local bars and coffee shops and asked patrons what they thought about the idea of Amazon considering Arlington for its second headquarters and how it could impact the community.
“Overwhelmingly, before we announced, we felt welcomed here,” Sullivan said. “It’s going to be a good opportunity for the company to diversify our headquarters presence.” …
Ken Notes: One take away, as an ED professional I always found it was important for a potential client to have a great first impression and I orchestrated created one for the client. When EPIC first came to Verona the council and staff all agreed to not talk details but rather listen and ask how can we help….
RESCHEDULED: RASCW Events and updates
Commercial Real Estate Update Seminar
Wednesday, May 29, 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?
Tax Cuts & Jobs Act of 2017: What Does it Mean in 2019?
Matt Wachter, Manager of Real Estate Services and
Dan Kennelly, Manager of Office of Business Resources,
Corey Lamont and Tom Larson
Eno Vino Wine Bar & Bistro
Real estate giants try to be more like WeWork, before it overtakes them
A sprawling, state of the art office complex at the Brooklyn Navy Yard is the latest example of legacy real estate companies tangling with tech.
The Gialamas Company, Inc.
What These 3 Women In Commercial Real Estate Learned From Day One
According to a 2015 study published by CREW (Commercial Real Estate Women), an industry networking organization, women are advancing in commercial real estate, particularly in the C-suite, and the shrinking salary gap. Yet with this advancement there are still areas of improvement when it comes to the income gap, and getting more women interested in CRE brokerage, leasing and sales positions.
This type of progress comes with lessons learned early on… …more
Flad Development & Investment Corp.
Do You Fear The Boomers In #CRE? No? Maybe You Should!
Ah, the ever-present Boomer Generation. As we sit here in 2019 they were the generation born between 1944 and 1964. They’re currently between 54-74 years old (76 million in the U.S.) Source- KASASA
And as I have stated in a previous post “In 2011, that first round of Baby Boomers—those Americans born between 1946 and 1964—turns 65. From now until 2030, 10,000 Baby Boomers each day will hit retirement age.” Source- Senior Living. So, that means that we still have over 10 years to go, we are just about half way. That means most of them are 60 and under.”
And you are like “so what, 60 is old dude. those people are done.” I had a friend of mine from California recently mention that at 45 most people are peaking and ending their “big run.” By 55 they are done or are “hanging on way past their prime.” Remember that’s California where, and I reference another post of mine where I stated that LA is “Where Narcissism Is Not Only Encouraged It’s Rewarded.”…
March 2019 – Cirex Digital Version
Multifamily Developers Are Planning For Long-Term Partnerships With Short-Term Rental Operators
Turning apartments into furnished short-term stay units has long been an eleventh-hour move — a developer’s “Hail Mary” when units are not leasing at the anticipated rate. But the presence of nationwide short-term operators means leasing out part of a building as furnished rental units is looking less like a last resort and more like a common sense financial decision.
As the practice becomes more commonplace, multifamily developers are working with short-term rental operators earlier in the development process. Planning for a partnership with a rental operator allows developers to make design choices and financial moves that can bring in millions of dollars over a building’s lifetime…
Newmark Grubb Gialamas
CoStar Shares Soar 12% After Earnings Report Details Company’s Growth
CoStar Group‘s market value rose to over $16.5B Wednesday after the commercial real estate data giant reported that its 2018 earnings surpassed expectations.
The D.C.-based company brought in $1.2B in revenue last year, a 24% increase over 2017 and the first year CoStar has surpassed the billion-dollar mark. Its earnings per share of $2.81 beat estimates by 28 cents. CoStar projected its revenue would grow at least 15% this year to around $1.4B. It also set a goal of expanding its annual revenue to $3B by 2023…
People, Get Ready for Extended Slowdown in CRE Demand
A who’s who of the commercial property cognoscenti gather each December in New York for ULI’s McCoy Symposium. Late cycle risks were a prominent topic of discussion. Risk pricing, for instance, was seen as ripe for adjustment with cap rates rated as “too low” given prospects for income growth and capital appreciation. One participant suggested that a downward price correction of about 10 percent could actually be healthy for the industry. Lenders have generally been disciplined, but those financing projects at the riskier end of the spectrum may face trouble as the cycle turns. These include regional banks financing construction projects and mezzanine lenders who have not delved deeply enough into property inspections. Then there are niche investment areas, including self-storage, senior housing and student housing, where there has been a surge of development that may be outstripping underlying demand…
High Point Office Park
A nuisance or a great way to earn income?
The Times story revealing the inner-workings of a group’s multimillion-dollar Airbnb scheme — unlawfully using the site to convert scores of Manhattan apartments into makeshift hotels — reverberated with readers around the world.
We heard from hosts who share their homes to make ends meet, families who live next door to apartments rented out on Airbnb and travelers who use Airbnb — as well as those who prefer not to.
The company’s rapid growth has transformed how millions of people travel. But it’s clear, from hundreds of reader comments, that there’s a heated debate over the impact of the so-called sharing economy on the character of neighborhoods, housing stock and quality of life.
Below, a sampling of readers’ comments, shortened and edited for clarity…
2018 Event Calendar
New Commerce. New Footprints. The Evolution of Industrial Real Estate
March 7 @ 3:30 pm – 7:00 pm
Networking and registration – 3:30 – 4:00
Panel Discussion – 4:00 – 5:00
Happy Hour and Networking – 5:00 – 6:00 Sponsored by: STAG Industrial & Zilber Property Group
Bucks Game (optional) 7:00
Logistics and eCommerce are driving forces in this record-breaking industry. Hear from national and local experts on how the future of warehousing and distribution decision are being shaped.
- Marcia Kester-Sperber, Uline
- Don Schoenheider, Hillwood Investment Properties
- Ben Conwell, Cushman & Wakefield
- Scott Carpenter, CH Coakley
Reinhart Boerner Van Deuren s.c.
retail space will be available in June 2019, in the charming and popular destination village of Paoli, WI, just minutes from Madison retail art gallery has operated very successfully in the space for 31 years.
The 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.
Other 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.
The 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 utilities.
If 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.
Commercial Brokers Group, Inc.
OVERALL DEAL OF THE YEAR
Knight Barry Title Group
MADISON: 2450 Rimrock Road, Suite 204, 608-255-2700
CAP SQUARE: 44 E. Mifflin Street, Suite 101, 608-255-2700
When a hip hotel developer does apartments
Crain’s got the first look at Essex on the Park, a new 56-story residential tower paired with a rehabbed landmark hotel on Michigan Avenue. It’s the latest from the firm behind LondonHouse, Hotel Julian and the Godfrey.
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!
More than 300 store closures are announced in a single day as the retail apocalypse rips through JCPenney, Gap, and Victoria’s Secret
- Gap, JCPenney, and Victoria’s Secret announced more than 300 store closures over the course of 24 hours this week.
- All three companies reported declining same-store sales during the critical holiday period.
- Tesla also announced it would shutter many of its 378 stores, with job losses.
- These announcements will bring the number of planned store closures this year to nearly 4,500.
Gap, JCPenney, and Victoria’s Secret announced more than 300 store closures over the course of 24 hours this week, sending a clear signal that the fallout from the retail apocalypse is far from over. Tesla also announced it would close “many” of its 378 physical dealerships in favor of online-only sales…
Crown Commercial Real Estate/Development, LLC
Offering real estate services and design-build construction solutions for growth oriented clients… …more
Recent sponsors below…
MIG Commercial Real Estate
Mid-America Real Estate Group
Evans Properties, LLC.
ARTIS REIT / Madison Lifestyle Office Portfolio
T. Wall Enterprises
Expect Professional Management with a Personal Touch
with every T. Wall Urban Village.
(608) 575-1018 or Contact@TWallEnterprises.com
Wisconsin Commercial Real Estate
- Currently being remodeled with new elevator
- Open floor plans
- Under new ownership
- Beltline visibility & monument signage
- Plenty of parking
call Mike Herl
ST. Johns Properties
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