The block-size art deco building in downtown Allentown, Penn., is one of nine properties that the United States Postal Service is currently selling. Built in 1934 solely as a post office, the building served as the town’s nerve center for many years. Today, mail delivery operations occupy just 5,000 square feet of the 96,500-square-foot property…
Commercial Services Committee Presents Douglas Berry, CPA, CGMA Discussing the updates to Tenant Improvement Depreciation REGISTER TODAY
Saturday, September 12, 2020 The Affordable Housing & Equal Opportunities Committee is excited to continue our support for Movin’ Out by hosting a Movie Night at The Madison Mallards Duck Pond. We will be showing the classic film “E.T.” Tickets are $50 and available by clicking the Registration Button below Tickets will include Dinner and a Movie Dinner will be boxed and delivered without contact Families and Groups will be Physically Distanced Click Here to learn more about…
With a report circulating earlier this month that the biggest U.S. mall owner Simon Property Group has been in talks with Amazon to convert some shuttered Sears and J.C. Penney department stores into fulfillment centers, many industry analysts have been pontificating on the future of malls as logistics hubs.
- Coresight Research estimates 25% of America’s roughly 1,000 malls will close over the next three to five years.
- The coronavirus pandemic has accelerated a demise that was already underway.
- “Just because retail space has gone vacant or remained fallow does not mean that it is automatically a good candidate for repurposing into industrial space,” Moody’s Analytics real estate analyst Victor Calanog said.
- According to data pulled by Moody’s Analytics REIS, apartment development in the U.S. is expected to be down 15.6% in a post-Covid-19 world. Office development is set to drop 10%, it said, while retail falls 15.7%.
- Industrial development, meantime, is expected to pick up 3.6%.
Some landlords are desperate to make a deal while others are still getting pre-pandemic rental rates
After falling in love with Dublin`s pubs on a study abroad trip, Elliott Nelson abandoned his plans of becoming a lawyer and decided instead to open up an Irish pub in economically depressed downtown Tulsa, Oklahoma. He knew he`d face difficulties, but he never imagined the challenges the pandemic would bring….
- Fast-food giants such as Domino`s, Chipotle, and Dunkin` are eyeing real estate opportunities presented by independent restaurants struggling to stay open during the coronavirus pandemic.
- The Independent Restaurant Coalition estimates that up to 85% of independent restaurants may close permanently by the end of the pandemic.
- “So much of your soul goes into building unique stuff, and if you see it become so homogenous, that`s especially heart-wrenching,” said Elliott Nelson, who owns 20 restaurants in Oklahoma and Arkansas.
“I don’t think we’d have seen this many bankruptcy filings if COVID-19 didn’t happen, but many of them happened at companies like J.C. Penney that people have been expecting to go under for years,” said attorney Glenn Rose of the Nashville-based firm Bass, Berry & Simms.
View the 2019 Deal of the Year Awards presentations here.
Congrats to all the winners and nominees.
Nearly a third of renters who live in single-family or small multifamily properties owned by individual landlords were unable to pay their August rent, according to a survey by Avail, a technology and marketing platform for small landlords. That is up from just under 25% in July. Avail received responses from 2,225 landlords and almost 3,000 renters.
- More renters are unable to make their monthly payments, and that is having an outsized impact on the nation’s “mom and pop” landlords.
- Nearly a third of renters who live in single-family or small multifamily properties owned by individual landlords were unable to pay their August rent, according to a survey.
- Individual landlords make up the majority of single-family rental owners. Close to 23 million units in 17 million properties are owned by individual investors, according to the most recent count by the U.S. Census Bureau.
Ken Notes: We should have called an economic time out and assessed the damage after Covid and worked to fix it. Instead we tossed three trillion into the storm and now have no solutions.
Though industrial has done well in the short run because of a spike in e-commerce, broader economic indicators point to a drop in demand for industrial space during the third quarter of 2020, with a recovery not until mid-2021 or later, the report says.
NEW YORK (AP) — For small retailers across the country, the coronavirus outbreak has turned an already challenging business environment into never-ending uncertainty.
Amy Witt might have 20 customers on a good day in her Dallas women’s clothing store, and then none the next.
“It’s a rollercoaster we ride every day,” says Witt, whose store, Velvet Window, reopened May 1 after being closed since March. “We’re doing everything we can to cover expenses and keep the store stocked with inventory.”
Well-located just off Seminole Highway with
excellent access and proximity to downtown,
Fitchburg , Verona and West Madison with an easy drive to the East side. 1,800 sf first floor with full basement. Property has a garage with private access to the lower level which has a restroom and floor drain. Currently set up as multi tenancy but could easily be converted for single user. Excellent opportunity for a small business looking to own…
CARW NextGen – Economic Development Session
September 9 @ 4:00 pm – 5:30 pm
This session is for 2020 NextGen Members and invited guests
Commercial Real Estate Resources:
REALTOR CV Addendum:
- Phone: 414-271-2021
- Email: email@example.com
Gap Inc. swung to a second-quarter net loss as store sales fell 48%, partially offset by surging online sales.
As part of its ongoing fleet optimization efforts, Gap said it expects to close over 225 Gap and Banana Republic stores globally, net of openings, in 2020 with additional closures expected in 2021. (As of August 1, there were 1,643 Gap and Banana Republic stores.). The number adds to the store closings the chain had previously announced. In February 2019, Gap said it planned to close 230 namesake stores during the next two years, with about half the number occurring that year….
Hours Wednesday – Sunday 4:30PM – 9:00PM
I signed the rental agreement, walked outside, and my car had been towed. I still thought, “This is the greatest place I’ve ever been in my life.”
Manhattan is an island off the coast of America. Are we part of the United States? Kind of. And this is one of the toughest times we’ve had in quite a while….
MADISON: 2450 Rimrock Road, Suite 204, 608-255-2700
CAP SQUARE: 44 E. Mifflin Street, Suite 101, 608-255-2700
LONDON (AP) — The British government is encouraging workers to return to their offices amid concerns that the shift to working from home during the coronavirus pandemic is hurting coffee bars, restaurants and other businesses, leaving city centers virtual “ghost towns.”
Prime Minister Boris Johnson’s Conservative government plans to roll out a media campaign next week that will encourage employers to show staff members what they have done to protect them from COVID-19 and make it safe to return to traditional workplaces…
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!
Large Corner retail/office space. Loads of glass. Eclectic space in an eclectic neighborhood. High traffic count. Mezzanine, plus finished lower level. 3,500 on main level extra 2,000 lower level. Tenant pays only for main level and pays 25% of cams water/sewer etc.
Highly successful restaurant in business 9.5 years. Over 4500 s.f. with a 40 person mtg. rm. Many employees on from the start. Owner will train if needed. If owner operated pay yourself a salary and still have a profit for investors or yourself. Not a franchise. Traffic counts over 150,000 per day. Easy access from east or west and centrally located. On site parking. Confidentiality Agreement!
Offering real estate services and design-build construction solutions for growth oriented clients… …more
Eclectic Schenks Corners. A bit of old and new mixed in the build out. Up to 2 bays remain 940 sf &1,680 sf. 1,680 sf is perfect for a coffee shop with old brick & beams exposed. Spaces can be combined. Tenant pays utilities. Exposed brick, heating, wood, skylights and more. 2 Units have basement for use.
Former KFC location. Property only. Vacant. Being sold in”As Is “ Condition. Corner of Oak and E. Wash.. Drive through window. Madison Metro stop at corner. On major E/W route to the Capital. 2nd Picture in Attachments is as it appears today.
Co-listed with Ralph Kamps.
Just off E. Washington behind the new Hy-Vee. Many suite options ranging from 150 sf to 1,880 sf with rates from $10.00 to $14 gross, depending on size term and TI`s. Landlord pays all. On bus line. Great for non profits, small office/service reps. Interstate and airport a minute away. Agent interest. Controlled storage also available for pharmaceutical reps, suppliers etc…
Let the WRA help you navigate the novel business challenges you face during these difficult times. We hope you`ll join us for our first Legal Update Live at 2:00-2:30 p.m. on Thursday, April 16. The WRA will provide more details — including the video link to access Legal Update Live — next week in WRA emails and on the WRA`s social networks.
Stay safe, stay healthy and stay informed!
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
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
744 Williamson St.Madison, WI53704
Sunday – Thursday 4PM – 9PM
Friday – Saturday 4PM – 10PM