CIREX News & Views – November 20, 2018

Wishing all of you a safe and happy Thanksgiving from the Cirex News Staff!


The Top 20 U.S. States People Are Moving To

Which states are seeing the most inbound population movement? A report put together by long-distance moving service provider Stevens Worldwide looks at the data…

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RSK: Well, Wisconsin didn`t make the list but…wait for it…Illinois did? What the….!

Ken notes: We should be on this list, but we need an economic development policy that is fair and available to all companies. Now business, and developers look at Wisconsin, see Foxconn, and say well I can`t really compete with that.

As developers we should seek a seat at the table in the new administration and ask for an economic policy that we can offer to our potential clients. We do not have much time…


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.

Congrats Deal of the year winners…  Presentation Here!

   …more

Ken Notes: If you need to update or place an event in CirexNews or WisconsinDevelopment.com give us a call… Ken 608.334.2174

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.


A Curated Collection Of Interesting Reactions To Amazon`s HQ2 Announcement

Amazon announced Long Island City in Queens, New York, and Crystal City in Arlington, Virginia, as the new sites for its second headquarters, a project it dubbed HQ2 when it announced a site search in September 2017.

Amazon says it will now invest a combined $5B into these markets and expects to create at least 50,000 jobs across the two new locations…

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RSK: This is very very interesting. Some consider themselves lucky they didn`t get the bid and can save all those tax incentives. Others, such as Toronto are looking on the bright side and have noticed an uptick in information requests for relocating to that city. What are your thoughts on this?


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…

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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.


Ambitious thinking: Smart cities

Job growth is happening in both the CBDs and the suburbs. But educated adults are increasingly city dwellers, seeking walkability, authenticity, and collaboration. As economic recovery and expansion continue across most sectors and regions, competition for talent is intensifying, increasing pressure on employers to differentiate based on location, amenities, and environment. Now more than ever, it`s critical that real estate investors, developers, and decision-makers understand which cities and suburbs are experiencing job growth and attracting highly-educated talent.

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RSK: Midwest seems to have the least educated professionals. But is the cause because of agriculture and industry? How about skilled labor as well? Maybe Madison is an anomaly but I can think of other cities where they have major Universities in the Midwest. Hmmm. Are we educating and then exporting? Always seems to be a problem.


NOVEMBER! 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


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


My NYC Real Estate Tech Week 2018 Summary. The Bright Lights. The Big City. And…

Well, well, well, and if you could hear my voice saying that it would sound like a gravely blues singer. Why, because it’s been a long week, to say the least, and screaming over music and noise just to talk will make your voice wear down and lower a few octaves no matter what.

So let’s get this started with the same thing I always say. This is MY experience and these are my observations about NYC Real Estate Tech Week 2018. MINE, not YOURS. You would think at this point it would be mute but in the world we live in today…not so much.

Kicking off the week was Technology and Collaboration in the Built Environment Presented by Propmodo hosted by Convene right in the middle of Times Square….

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RSK: The Dukester`s take and rewind of CRE Tech Week NY, NY.


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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The Missing Ingredient Of Building Valuations. Guest Post Lauren Long

One of the largest meetups of commercial real estate professionals concluded last week in New York City. Propmodo kicked it off with “Technology and Collaboration in the Built Environment” at the beautiful 4 Times Square building followed by a packed CRE-focused agenda hosted by MIPIM PropTech and MetaPropNYC.

With over 2,000 attendees from around the world, the conversations held on stage and amidst cocktail tables did not disappoint. However, the discussions were almost without an important perspective – those who know buildings best…

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RSK: Very nicely penned!


How the Stock Market’s Wild Ride Could Affect CRE Investment

Stock market volatility may spur investors to allocate more funds to direct ownership of real estate.

The stock market’s recent rollercoaster, with October’s sharp correction followed by a post-midterm election surge, can put the investment community on edge, including commercial real estate investors.

“People who invest in real estate don’t invest in a vacuum,” says Mark Dotzour, a real estate economist who spent 18 years as chief economist of the Real Estate Center at Texas A&M University before opening a private consultancy three years ago…

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RSK: I have to agree with this. CRE prices have risen at an astronomical rate and the yields for the purchaser have plummeted.


High Point Office Park

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


Coworking On Track For Even More Growth Because Companies Like Its Flexibility

Coworking is moving from the likes of WeWork into the mainstream of global corporate culture, according to a new report by Knight Frank.

The company queried 120 global companies, finding that space-as-a-service is rapidly becoming a new normal, as exemplified by the growth of coworking space.

Recent estimates suggest that there are now almost 18,000 co-working spaces around the world, Knight Frank reports, accommodating almost 1.7 million workers. These totals represent staggering growth of 3,500% and 8,000%, respectively, since the early 2010s…

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RSK: Co-Working is a growing Phenom….. but for me, I still need a bit of privacy to get my work done!

Ken Notes: Remember your office space is about your work style. Do not build based on what works for others build based on what works for you and your team. One caveat, nicer office space with amenities and social space does increase productivity…


2018 Event Calendar

Opportunity Zones – What are they and how do they work?

November 28 @ 8:00 am9:30 am

Congress created the federal Qualified Opportunity Zone (“QOZ”) program in the 2017 “Tax Cuts and Jobs Act” to encourage economic growth in underserved communities through tax benefits to investors. U.S. states and territories, including Washington, DC, nominated areas (by census tract) to be designated as QOZs in 2018, and the IRS and Treasury finalized the designations that year. This program presents opportunities for real estate investment and development in distressed communities.

Join us for our program led by Husch Blackwell’s Rebecca Mitich and Hal Karas. We will be introduced to how the program works including who benefits from the program and why. We will review the zones in and around Milwaukee and the assets in those zones and discuss what investors and developers are doing with OZ funds now.

REGISTER HERE 

WHEN

Wednesday, November 28
8:00 – 9:30 AM
8:00 – 8:30 AM Registration

8:30-9:30 AM Program   …more

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.


As Demand for Office Space Moderates, Some CBD Markets May Experience Outsized Loan Losses

A new report from Moody’s warns that about 23 percent of CBD office collateral included in CMBS loans is in weaker CBD markets.

Office assets in central business districts (CBDs) have enjoyed an impressive, eight-year run of robust demand and growth in both rents and valuations and are considered a low-risk bet for capital investment.

CBD office markets have benefited from the expansion of the co-working sector and a desire by millennials to live near where their work, as well as from empty nesters relocating to the cities from the suburbs, notes Stephen Shapiro, senior managing director of the New York capital markets and investment services group with Colliers International…

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RSK: I just don`t see this happening here in our small market. Downtown is too entrenched and too much happening. The only thing that might change this is that bad transportation infrastructure we have and mass transit. Beltline is a mess at rush hour as well.


RASCW Events and updates

2019 RASCW Commercial Real Estate Forecast
Wednesday, January 23, 2019

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

Networking Reception to follow…

New Developments for Commercial Brokers 2018 Review

Adam Sayer, Director of Planning and Development, City of Verona
click here for presentation

Michael Zimmerman, Assistant City Administrator/Director of  Community & Economic Development, City of Fitchburg
click here for presentation

Mike Davis, City Administrator, City of Middleton
click here for presentation

Tax Reform, Josh Ganshert, Baker Tilly
click here for presentation

Key Legal and Regulatory Updates, Tom Larson and Cori Lamont, Wisconsin REALTORS® Association
click here for presentation

   …more

RSK: In case you missed the RASCW Commercial Update Seminar a link to the powerpoint presentations is above. Worth the time to go over it.


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


Starwood CEO Barry Sternlicht: `The Endgame For Amazon Is To Wipe Out Main Streets Of America`

Starwood Capital Group CEO Barry Sternlicht was not happy about Amazon`s HQ2 decision and is sharply critical of the way fellow billionaire Jeff Bezos runs his company. The real estate executive also believes President Donald Trump`s immigration policies are hurting the U.S. economy, and he predicts a recession will come in 2020.

Sternlicht shared his strong opinions on these and other topics in a phone interview with Bisnow Thursday afternoon. The CEO will speak on Nov. 28 at Bisnow`s Multifamily Annual Conference East in Tysons, Virginia, alongside Greystar CEO Bob Faith, with whom he co-founded Starwood in 1991. Sternlicht has since grown Starwood to a global giant with over $50B in assets under management, including major holdings in multifamily, hospitality and other sectors. This interview has been edited and condensed for clarity…

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RSK: I hate to tell you this Barry, but Main Street was wiped out of retail a long time ago. Now it is Boutique shopping and restaurants. People enjoy the camaraderie and the experience…what Malls are trying to do and Amazon may never do…unless they go to Brick n Mortar.


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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Landlords Look To Curate Tenant Mix So Companies Can Financially Benefit One Another

Office landlords need to provide more than just a roof over workers` heads. They now also need to use their real estate to impact their tenants` bottom lines.

During Bisnow`s Atlanta State of the Market event Thursday, Transwestern Senior Managing Director Clark Dean said office landlords need to start viewing their buildings as “business ecosystems that are carefully curated to create specific value” for tenants.

“Now [landlords] can start thinking about what businesses want to be part of that business ecosystem to drive value for them to where the value and business starts to transcend the rent,” Dean said…

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RSK: It would be nice to have the right tenants lined up at the door to create such an eclectic cohesive mix…but knowing Landlords… space cannot stay vacant for too long. A bird in the hand…

Ken Notes: I just said this…


Crown Commercial Real Estate/Development, LLC


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


Building For Lease: 4005 Felland Rd Madison W

4005 Felland Road, Suites 100-102, Madison, WI, End Cap!, 5355 square feet, Available November 1, 2018.

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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


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.


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.


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.


Wisconsin Commercial Real Estate


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


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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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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CIREX News & Views – November 13, 2018

Madison Area Lease Rates

Asking rates Office from 11/01/12 – 11/30/18

Office Rates | East: $12.72 | Central:$18.26 | West: $14.71

Asking rates Office Warehouse from 11/01/12 – 11/30/18

Office/Whse Rates | East: $6.13 | Central: $8.31 | West: $6.69

Asking rates Retail from 11/01/12 – 11/30/18

Retail Rates | East: $12.36 | Central: $21.09 | West: $16.15

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RSK: Courtesy of Cirex & Property Drive…


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.

Congrats Deal of the year winners…  Presentation Here!

   …more

Ken Notes: If you need to update or place an event in CirexNews or WisconsinDevelopment.com give us a call… Ken 608.334.2174


Landlords And Developers: Chill, You Don`t Need The Most Advanced Smart Buildings

You could forgive office owners and developers for having sensor envy. Given the hype around smart buildings and the way that technology will change the workplace, and hence offices, it would be easy to think you need to have the smartest, most technologically advanced building to have any chance of finding a tenant in the future.
Actually, just chill and don’t overdo it was the message from one of the world’s biggest professional services firms and office occupiers and other members of a panel on smart buildings and flexible working at Bisnow’s London State of the Market event…

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RSK: I agree…unless you can afford it. Guess it is like getting the latest iPhone…do you really need it?


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.


Facebook opens small business pop-ups in nine Macy`s stores

Facebook is bringing around 100 digital-native brands and small businesses that have found success on the social network and Instagram to physical retail locations. It`s opening pop-ups at nine Macy`s stores as the holiday shopping season gets underway.

The Facebook Small Business Pop-ups opened Monday in New York City, Pittsburgh, Atlanta, Fort Lauderdale, San Antonio, Las Vegas, Los Angeles, San Francisco and Seattle, and they will be available until early February. The brands featured at the pop-ups include Love Your Melon, an apparel brand that`s helping the fight against pediatric cancer; Charleston Gourmet Burger Company, which sells a burger marinade; and Two Blind Brothers, a clothing company that donates all of its profits to research for a blindness cure.

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RSK: One of the stanchions of internet-based marketing going brick n mortar? Yes!

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Breathing new life into Madison’s most distressed areas

Private investment into economically disadvantaged “Opportunity Zones” could be the key to new growth in Greater Madison.

Thanks to a new economic development tool created under the 2017 Tax Cuts and Jobs Act, Greater Madison could soon see some changes to some of the region’s most economically challenged areas.

The Opportunity Zones program is designed to spur private investment in distressed communities by allowing private investment through tax incentives that are designed to accelerate economic growth and job creation.

In March 2018, 120 areas of Wisconsin were deemed eligible for the program based in part on the number of low-income households in each area, including 11 in Dane County.

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RSK: Great article by In Business Mag on this subject…definitely worth the read.


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!


Digital meets physical in the retail experience of the future

The future of retail isn’t robots, lasers and holograms — it’s experiences, service and speed, all powered by subtle technologies that the customer barely sees. With a background that includes innovations like the interactive mirrors found at Rebecca Minkoff and Ralph Lauren, ZIVELO CEO Healey Cypher is helping create the behind-the-scenes tech that brings the best of the online world into physical retail…   …more
RSK: Brick n mortar retail and on-line shopping keep morphing…love it. Not quite there yet, however.

Ken Notes: I delivered a Keynote for an Illinois chamber dinner titled It is no longer Location, Location, Location it is Destination, Destination, Destination and the experience when you get there! – The new retail…


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.

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Blistering Demand For Industrial Space Drives Up National Occupancies, Sets Off A Wave Of Development

U.S. industrial absorption is on track to finish 2018 with its third-strongest net occupancy growth this cycle, behind only 2016 and 2014, according to Cushman & Wakefield`s Q3 2018 report on the industrial market. That finding agrees with other recent assessments of the market…Moreover, the outlook is bright for more occupancy growth across all classes of industrial product. The combination of limited new product and high utilization rates for existing footprints will mean strong performance for Class-A product, but also improved performance for Class-B and C product. ..

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RSK: I would assume this is because one sector cannibalizes another.


NOVEMBER! 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


From Gentrification To Lack Of Guidance, Investors Express Concerns With Opportunity Zone Program

Commercial real estate owners, developers, brokers and investment managers have a variety of concerns about the new Opportunity Zone program that gives a tax break to investors who invest through an opportunity fund into a designated opportunity zone. More than 200 of them shared those concerns in Bisnow`s recent survey about the program.

One survey participant called the program “gentrification on steroids.” 

Another respondent said the nuances of the program — even with a new round of guidance from the U.S. Department of the Treasury — are still confusing and may turn off investors…

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RSK: The National look at Opportunity Zones….in other words, it is still in its infancy and not much guidance out there at the moment.


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


Focus: Ahold ups stakes in U.S. grocery war with mini-“robot supermarkets”

EINDHOVEN, Netherlands/NEW YORK (Reuters) – Grocery group Ahold Delhaize will roll out small, automated warehouses to speed order picking and cut delivery times, Reuters has learned, as it revamps its ecommerce business in response to rising competition in a fast-growing sector.    …more
RSK: Wonder if this would work here. I assume it might with careful planning and locations.


The Unisphere: Largest Commercial Net Zero Building in the United States

United Therapeutics (UT) is a publicly traded biotech company with a mission to develop treatments for rare diseases. UT has an overarching commitment to environmental sustainability, which is reflected in the design and operations of our facilities. It strives to create practical, beautiful and inspiring spaces for employees to do their incredibly important work. UT views its buildings as physical manifestations of its values, and there is no better such example than the Unisphere. It is designed to be site net zero energy, meaning that the building generates enough renewable energy onsite to offset 100% of the energy that it consumes over the course of the year. At 135,000 square feet, it is the largest commercial net zero building in the United States. 

To achieve the net zero goal, the facility includes various sustainable features including 3,000 photovoltaic panels, geo-exchange wells, a high-performance curtainwall with electrochromic glazing, an earth-coupled heating/cooling system, an automated natural ventilation system, daylight harvesting, and a thermal pool. Other features include green roof terraces that help reduce rainwater run-off, electric car charging stations, and eco-friendly furniture.

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RSK: Wow!


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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Starbucks To Open 2,100 New Locations In 2019 After Strong Quarter

Just four months after announcing it was pumping the brakes, Starbucks is back to ramping up its footprint with an aggressive expansion plan.

The coffee giant plans to open 2,100 net new stores in the United States and China in the 2019 fiscal year, UPI reports. The new growth plan is driven by a strong quarter, the results of which the company released on Thursday

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RSK: That is very aggressive on expansion. As my Mother used to say, “Not for all the tea in China” I guess it is “…for all the coffee in China” now.

Ken Notes: Did I mention destination retail is about the experience????


How Offices Will Look In 2025

The world of work is constantly changing and new trends emerge every month. How will the digital age impact offices? And what will they look like come 2025?

Our turbulent relationship with the office is on a downturn — we just don’t love it right now. Increasingly, we are led to reimagine unconventional spaces that enable us to work in a more flexible, less restricted manner. In an effort to appeal to the largest segment of the workforce, traditional offices are being dismissed as millennials enforce their combined work and leisure values, and thrive in open spaces…

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RSK: Interesting about high-end restaurants opening their doors during the day for co-working space….hmmm.


High Point Office Park

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


After A Cautious Start, Dollar General Poised To Invade Cities With Its DGX Concept

As a budget chain, Dollar General has had its best success in rural and suburban markets, but now the chain is looking to make deeper inroads into cities, even into gentrifying urban cores better known for hipster boutiques. The chain has rolled out a new concept to do so: DGX.

So far there are only three DGX stores nationwide, compared with about 15,000 standard locations. But Dollar General Corp. CEO Todd Vasos wants to open another 13,000 stores in the coming years.

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RSK: 13,000 new DGX stores? I thought Starbucks was being aggressive!

Ken Notes: Living in Albany, DG is the ONLY store and the experience is pretty good. Like our Kwik Trip, I see a market for these. In fact I would love to know how the Madison Kwik Trip is doing…


Building For Lease: Waunakee Business Center – 204 Moravian Valley Rd C-E Waunakee WI

Waunakee Business Center consists of four office-warehouse buildings totaling more than 156,000 sq. ft., located 10 minutes north of the City of Madison, in Dane County, WI. The business center is located on Hwy 19 one-mile west of the Hwy 19 & Hwy 113 Intersection, just 10 minutes from Dane County Airport and Middleton, WI.

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2018 Event Calendar

Wisconsin New Developments in Commercial Real Estate (Course 3)

November 15 @ 8:00 am11:30 am

Course highlights new commercial legislation and revised forms and focuses on pending and proposed legislative and regulatory changes, as well as other potential changes to licensing regulations for commercial real estate.

Dates: November 15 | Time: 8:00-11:30 a.m.
Instructor: Cori Lamont, Wisconsin REALTORS® Association (WRA)

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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.


PointGuard. Building Analytics With Real Empowermant, Real Performance, Real Profits.

Abundant Power is proud to announce the launch of PointGuard, their rebranded analytics arm. Abundant Power started in 2009 as a specialty finance firm for funding energy efficiency projects. Through that endeavor, the company was looking to find transparency and business case data for those projects — leading to the creation and development of an analytics platform in 2015.

The platform offers powerful analytic tools to help improve building performance, by capturing all the points coming from BMS data and using customized algorithms to turn it into meaningful information. The platform is used by facility teams, mechanical controls contractors, and building portfolio owners…

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RSK: If you are in property management or an owner for that matter….read this.


RASCW Events and updates

Save the Date
2019 RASCW Commercial Real Estate Forecast
Wednesday, January 23, 2019

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

Networking Reception to follow…

Annual Membership Meeting 2018

November 15 @ 8:00 am10:30 am

Sheraton Madison Hotel – 706 John Nolen Dr

Please join us for our Annual Membership Meeting. You will hear from our RASCW and SCWMLS Presidents as they share their state of the organizations. Our guest speaker is Mike Theo, WRA President and CEO.  Recognition and awards will also take place.  Registration deadline is November 7.

Please see the event flyer for all the details.

Annual Membership Meeting 2018

New Developments for Commercial Brokers 2018 Review

Adam Sayer, Director of Planning and Development, City of Verona
click here for presentation

Michael Zimmerman, Assistant City Administrator/Director of  Community & Economic Development, City of Fitchburg
click here for presentation

Mike Davis, City Administrator, City of Middleton
click here for presentation

Tax Reform, Josh Ganshert, Baker Tilly
click here for presentation

Key Legal and Regulatory Updates, Tom Larson and Cori Lamont, Wisconsin REALTORS® Association
click here for presentation

   …more

RSK: In case you missed the RASCW Commercial Update Seminar a link to the powerpoint presentations is above. Worth the time to go over it.


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


Opportunity Zones PDF

This document contains proposed regulations under section 1400Z-2 of the Code that amend the Income Tax Regulations (26 CFR Part 1). Section 13823 of the Tax Cuts and Jobs Act, Pub. L. No. 115-97, 131 Stat. 2054, 2184 (2017) (TCJA), amended the Code to add sections 1400Z-1 and 1400Z-2. Section 1400Z-1 provides procedural rules for designating qualified opportunity zones and related definitions. Section 1400Z-2 allows a taxpayer to elect to defer certain gains to the extent that corresponding amounts are timely invested in a QOF.
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RSK: The government`s viewpoint on Opportunity Zones rules and regs.


Building For Lease: Waunakee Business Center Moravian Valley Rd & Frank H St Waunakee WI

“New Construction” flex building available for lease Fall 2018, space available 2,525-40,733 square feet, build-to-suit offices, dock & drive-in loading, 16` clear ceiling height, wet sprinkler.

   …more


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


Qualified Opportunity Zones

What are they?

Congress created the federal Qualified Opportunity Zone (“QOZ”) program in the 2017 “Tax Cuts and Jobs Act” to encourage economic growth in underserved communities through tax benefits to investors. U.S. states and territories, including Washington, DC, nominated areas (by census tract) to be designated as QOZs in 2018, and the IRS and Treasury finalized the designations that year. This program presents opportunities for real estate investment and development in distressed communities.

How does the program work?

Forming an Opportunity Fund:

Fulfilling the “90% Assets” Requirement:

QOZ Business Property Requirements:

What are the tax benefits?

For capital gains reinvested into an O Fund:

For future capital gains on investments accrued while in an O Fund:

   …more

RSK National Realtors look at Opportunity Zones.


Building For Lease: Waunakee Business Center 204 Moravian Valley Rd Waunakee W

Suite C-E, 2400 square feet of warehouse with 3 dock doors. 6600 square feet of open concept with 16` ceiling and AC for light production, showroom or office use.

   …more


Crown Commercial Real Estate/Development, LLC


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


Building For Lease: Waunakee Business Center II 201 Moravian Valley Rd Suite D-E Waunakee W

201 Moravian Valley Rd. Ste. D-E Waunakee, WI. 6,000 SF total with 1,200 SF Office & 4,800 SF Warehouse. Dock Door and Drive-in ramp, 16 foot clear ceiling height.

   …more


Recent sponsors below…

Thanks you for sponsoring CIREX and Cirexnews.com
   …more


MIG Commercial Real Estate


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


Evans Properties, LLC.


   …more
Professional Real Estate Management and Sales


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.


Newmark Grubb Gialamas


   …more
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.

idstr=870′


IA Management


   …more
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.

idstr=1509′


Wisconsin Commercial Real Estate


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


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

   …more


Masters-hall Appraisal


   …more


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 – November 7, 2018

The US`s biggest mall operator says the mall of the future `doesn`t need department stores` (SPG)

  • Simon Property Group, the biggest US mall operator, has been under pressure in recent years due to the rise of e-commerce.

  • Sears, once America`s most iconic retailer — which has numerous stores in Simon Property Group`s malls, recently filed for bankruptcy.

  • CEO David Simon said the department store closures are good for the whole industry and the mall of the future doesn`t need big-box department stores.

  • Watch Simon Property Group trade live here.

   …more

RSK: I would say it could be a mixed bag…some of the owners will be better off because they can charge higher rents while others will have more vacancy which would even out the increase in rates.

Ken Notes: I did a keynote speech on this a few weeks back… It is now about Destination! Destination! Destination!…


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 Wednesday, 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.

Congrats Deal of the year winners…  Presentation Here!

   …more

Ken Notes: If you need to update or place an event in CirexNews or WisconsinDevelopment.com give us a call… Ken 608.334.2174


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.


Developing the Warehouse of the Future

Forget about the land-hogging facilities situated in the middle of industrial parks in rural and suburban areas. The warehouse or distribution center of tomorrow could extend vertically into the sky, be manned by robots, and situated in metropolitan areas where real estate is at a premium.

A multistory warehouse where forklifts move from floor to floor via elevator. A B2B distributor that uses drones to deliver from the rooftop of its own distribution center (DC) directly to a retail store’s rooftop in the middle of New York City. A “lights-out” warehouse where robots roam the floors 24/7, fulfilling orders and packing boxes….


   …more

RSK: Eventually you will see this in our market especially with the rise of Amazon and other large on-line retailers.

Ken Notes: Here is my crystal ball prediction. I think you will see Ikea/Menards like complexes with display space over / near warehouse space with a restaurant and other amenities on site. It is all about the destination experience…


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!


Shake Shack Turns to Growth After Challenging Quarter

Even though Shake Shack ended the third quarter with same-store sales down 0.7 percent, the company remains positive as it looks toward the future. The chain said it still expects to end 2018 strong and is looking ahead to massive growth opportunities domestically and internationally over the near future.

With an aggressive expansion strategy, changing labor and operation costs, the decrease of about $500,000 during the third quarter is a small setback for the brand’s long-term growth strategy, it said. Also contributing to the decline in sales was a drop of 4 percent in guest traffic.

   …more

RSK: They are looking to expand so if you have a space in a high traffic visible location give them a jingle or drop them an email.


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.


Technology Is Changing Property Management – “The Late Bloomer” And 5 Emerging Features. Guest Post Keith Pelatowski.

t’s a large and yet slowly moving asset class – commercial real estate that is. Property management is a traditionally conservative segment within the real estate industry, yet nonetheless a critical part in the ownership and investment of a portfolio. While automation and innovation are quickly becoming common and expected in other segments of the real estate industry, the ability of technology to bring speed and efficiency to the property management segment has been challenged. That is changing. Moving forward, management teams who embrace software technology to optimize the process, create streamlined workflows, and boost overall team productivity, will create a real competitive advantage, and also reduce wasted costs and effort.

Proptech makes everyday jobs easier, less costly, and faster – and improves tenant satisfaction!

“Proptech” is short for property management technology. The role of technology as a daily tool is increasing, as the sector is maturing.

1. Geo-location of assets and repairs on-site.

2. Tenant portal for optimizing the tenant experience and satisfaction.

3.Real-time tracking execution of work and service requests through team portals.

4. Data storage via The Cloud – capture, store, and plan by capturing all asset data in one single location.

5. Customized Reporting Tools – at your fingertips.

   …more

RSK: Number 3 is a huge problem. We were just discussing this the other day.


NOVEMBER! 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


Mall of America has splashy plans for water park upgrade; nonprofit financing proposed

BLOOMINGTON, Minn. – Plans for a large water park attached to the Mall of America have been updated for a special meeting Thursday at which the Bloomington Port Authority and City Council will discuss the project.

Dubbed the South Loop Water Park, it would cover more than 250,000 square feet and be one of the largest in North America. A hotel would also be built as part of the project. The water park would be open to the public and not just hotel guests….

   …more

RSK: Oh Lord….can you see something like this at East or West Towne Malls?

Ken Notes: Destination, Destination, Destination… I have a speech if you want to hear it…


Hoepker Corporate Center / St, Johns Properties

St. Johns
   …more
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


Apartment Construction Begins to Slow Down

Apartment developers took out fewer building permits in September, stymied by rising interest rates and construction costs.

Apartment building developers may finally take a breather in their rush to build new units.

“Starts will begin to slow down soon, translating into more moderate development activity by late 2020,” says Jeanette I. Rice, Americas head of multifamily research for CBRE Research.

There are still hundreds of thousands of new apartments already under construction, scheduled to open over the next year or so. But rising interest rates, rising construction costs and already tough lending standards are making it more difficult for developers to keep building at the rate they have been…

   …more

RSK: I think it is just a general slowdown after the torrid pace of the last several years….but there are several projects in the pipeline and others waiting approval. Financing may slow it down even a bit more but no abrupt halt.


Building For Lease: Lakewood Plaza II 601 Sherman Ave Madison WI

Storefront available in vibrant Maple Bluff neighborhood shopping center; great visibility, access & heavy vehicular & pedestrian traffic. New restaurant Bear & Bottle in same Plaza.

Two spaces are currently 1600 and 2500 sf; but will divide either space.

   …more


T. Wall Enterprises

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

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

   …more


Knotel and CompStak Team Up on Zestimate for Offices

The office provider Knotel’s blockchain network, Baya, is forming an alliance with CompStak, the crowdsourcing leasing data company, to essentially create what they claim will be commercial real estate’s first Automated Valuation Model (AVM).

This model will be able to tell users the critical question of net operating income of a property and how much it is worth.

   …more

RSK: This could be interesting if it goes national. Of course, I still think local brokers will be able to adjust some of the data inputs to make them more realistic.


High Point Office Park

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


Solar Energy for Business Seminar (FREE)

Now is the time for Wisconsin business owners to invest in solar energy. The payback has never been quicker—solar prices have fallen 75%!

Join us for this free seminar to hear case studies with real ROI data and learn how you can implement solar energy into your new development or existing facility…

   …more


2018 Event Calendar

Financing in Commercial Real Estate (Elective C)

November 8 @ 12:30 pm4:00 pm

More at the link…

   …more

RSK: A list of CARW Events and CE.


Why big-box retailers are rethinking in-store ‘engagement’

This holiday season, retailers want to get customers in and out of stores as fast as possible.

This week, Walmart, Target and Kohl’s rolled out mobile checkout capabilities, which give store employees capabilities to check out customers using mobile devices, an experience similar to Apple stores. Big-box retail brands are also rolling out digital way-finding tools to help customers navigate through aisles quickly to locate items quickly, find them at other store locations or have them shipped to a customer’s home…

   …more

RSK: I like this idea and think it may pay off for brick and mortar retailers.


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

Annual Membership Meeting 2018

November 15 @ 8:00 am10:30 am

Sheraton Madison Hotel – 706 John Nolen Dr

Please join us for our Annual Membership Meeting. You will hear from our RASCW and SCWMLS Presidents as they share their state of the organizations. Our guest speaker is Mike Theo, WRA President and CEO.  Recognition and awards will also take place.  Registration deadline is November 7.

Please see the event flyer for all the details.

Annual Membership Meeting 2018

New Developments for Commercial Brokers 2018 Review

Adam Sayer, Director of Planning and Development, City of Verona
click here for presentation

Michael Zimmerman, Assistant City Administrator/Director of  Community & Economic Development, City of Fitchburg
click here for presentation

Mike Davis, City Administrator, City of Middleton
click here for presentation

Tax Reform, Josh Ganshert, Baker Tilly
click here for presentation

Key Legal and Regulatory Updates, Tom Larson and Cori Lamont, Wisconsin REALTORS® Association
click here for presentation

   …more

RSK: In case you missed the RASCW Commercial Update Seminar a link to the powerpoint presentations is above. Worth the time to go over it


Building For Lease: Former Fitchburg Fire Station 5415 King James Way Fitchburg WI

Unique property w/ unlimited potential. Great space for a restaurant, micro brewery, gym, sports bar, office. Built 1993. 9,470 sq/ft- office/retail space. 4,264 sq/ft- warehouse/office/retail space. 13,734 sq/ft – main level. Additional 3,945 sq/ft – lower level. Zoned BG. 600 Amp service. Large capacity back-up generator. 20` ceilings in warehouse. 5 overhead doors (14`). $12-$19 sq/ft (NNN)…

   …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


Cheese to Please

Strategic uses of cheese help with trend-forward menu development

Nick Testa was eating a bag of Cheetos in bed, after a long day of menu planning at Sweet Afton, a modern burger and bar joint in Astoria, N.Y. “I was like, ‘This would be great if it was a little healthier, with a veggie,’” he says. That inspired his bar snack of Shish-eetos: shishito peppers with “magic cheddar cheese dust.” Testa, who is the executive chef at this hot spot, batters and fries the peppers, then dusts with cheddar cheese powder for an updated riff on jalapeño poppers, using an on-trend ingredient and eye-catching name…

   …more

RSK: On Wisconsin! Don`t be surprised to see a restaurant open up featuring various cheese dishes.


Building For Lease: 2855 Smith Rd Portage WI

71,750 S.F. industrial with 3,850 S.F. office. Separate cold storage building of 8,000 S.F. Eight (8) docks and one (1) drive-in door.

   …more


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


How a New Investment Platform is Choosing Sites for Logistics Facilities

Logistics Property Company plans to grow its portfolio to $5 billion in logistics assets under management over the next five years.

With the U.S. industrial sector continuing to offer one of the best-performing commercial real estate investment vehicles, more companies are trying to take advantage of favorable market conditions. One of the recent entries to the space is Logistics Property Company LLC (LPC), a new real estate platform launched to acquire, develop and manage modern logistics facilities in key markets across North America…

   …more

RSK: You guessed it….SE Wisconsin is on the list for expansion.


Crown Commercial Real Estate/Development, LLC


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


Building For Lease: 52 N Bryan St Madison WI

Available June 2019 approximately 2,400 sq.ft. warehouse/office area. Space to be remodeled. There is one drive-in door 10`x12`, no dock…

   …more


Hurricane recovery a double whammy for small-business owners

PANAMA CITY — The importance of housing for small-business owners was made clear by Hurricane Michael with many distracted for the past three weeks by concerns about where they were going to live or how they were going to repair their damaged homes.

“It’s quite eye-opening to actually experience this. It’s almost like being in a war zone,” said Ben Carson, U.S. secretary of Housing and Urban Development, who arrived in Panama City on Wednesday to survey damage and tour small businesses with Small Business Administration administrator Linda McMahon. “You almost have to think of it the same way in terms of recovery,” Carson said.

   …more

RSK: There are still a few businesses on Madison`s far west side and in Middleton that are going through this as well. Not as much damage however. Key is to check your insurance and know what is covered and what is not.


Recent sponsors below…

Thanks you for sponsoring CIREX and Cirexnews.com
   …more


MIG Commercial Real Estate


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


Evans Properties, LLC.


   …more
Professional Real Estate Management and Sales


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.


Newmark Grubb Gialamas


   …more
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.


IA Management


   …more
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.


Wisconsin Commercial Real Estate


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


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

   …more


Masters-hall Appraisal


   …more


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 -October 30, 2018

2018 Retailer of the Year: Hy-Vee stays ahead of the curve

Hy-Vee’s ability to adapt makes it DSN’s 2018 Retailer of the Year

When the going gets tough, the tough get going.

That could be a mantra for Hy-Vee, the 246-store supermarket chain that appears to be pulling out all the stops as it seeks to be more in touch with consumer needs in these turbulent times for mass retailers.

The West Des Moines, Iowa-based chain, which operates in eight upper Midwest states, is implementing a broad range of changes, including new store formats and an emphasis on specific categories, to entice more consumers to shop at its stores. That includes the first standalone version of the Hy-Vee HealthMarket near corporate headquarters that emphasizes beauty, wellness and produce, and is strategically attached to an Orangetheory Fitness center….

   …more

RSK: Congrats on being retailer of the year. Now, I hope they expand the Health market that is in their west side store where I shop.

Ken Notes: The GoodRx app that I use often shows Hy-Vee to have substantially lower prescription prices. If you are not using the GoodRx App on your phone or tablet you should be!!!


CBG NOTES: events… Corrected date!

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 Wednesday, 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.

Congrats Deal of the year winners…  Presentation Here!

   …more

Ken Notes: If you need to update or place an event in CirexNews or WisconsinDevelopment.com give us a call… Ken 608.334.2174


Is Paris Baguette America`s Next Great Bakery Chain?

The global power is ready to flex its franchising muscle stateside.

The term “whitespace” can be overused and washed out in foodservice. But you could argue it’s actually understating the present picture at Paris Baguette. The Parisian-inspired fast casual has north of 3,800 global locations across six countries. That isn’t exactly the average story of a brand just starting to flex its U.S. muscle.

READ MORE: Why Paris Baguette is one of QSR’s Best Franchise Deals.

The concept’s roots date back to 1945. It took four decades for the small confectionary shop in Seoul, South Korea, known as Sangmidang, to start growing. It became Paris Croissant in 1986 and Paris Baguette two years later….

   …more

RSK: Another one to woo to your strip mall or down on State Street….although we have some great local bakeries here already.


T. Wall Enterprises

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

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

   …more


Walmart is building `town centers` in its parking lots — and it could redefine the one-stop shop

Shoppers could be facing a brave new Walmart in the near future.

The retail giant is transforming extra parking lot space into “town centers” at Walmarts in several states. These new hubs would feature a “carefully curated mix” of “local, regional, and national” retail tenants, according to a website for the project, not to mention green spaces and, in certain cases, parking systems overhauled to better facilitate the store`s grab-and-go services.

   …more

RSK: I find this a bit ironic since most of these businesses already surround Walmarts for the traffic draw. But if they do not then Walmart seems to be looking to be a landlord and control these on their own.

Ken Notes: I just Presented a keynote on this. The new “location, location, location” is now “Destination, Destination, Destination” and Walmart wants to define the mix.


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!


Masters-hall Appraisal


   …more


HOBO stores set to close

A notice filed last week shows that the Waukegan-based home improvement company is preparing to shut its stores by the end of the year, including five in our area, if it can’t find a buyer.

A notice filed Oct. 19 with the Wisconsin Department of Workforce Development shows that home improvement retailer Home Owners Bargain Outlet is preparing to shut down its stores by the end of the year if it can’t find a buyer.

The Waukegan-based company operates five stores in the Chicago area, including a location inside the Forest Park Plaza and two stores in the Milwaukee area. Mall officials hope to meet with HOBO’s owners to encourage them to keep the store open at least through the holidays and ideally throughout the duration of its lease in Forest Park Plaza…

   …more

RSK: And the trend continues.


***NEW*** NOVEMBER! 2018 – Cirex Digital Version

View Our May Digital Version Online Here

Subscribe to Real Estate CIREX Digest

Subscribe to CIREX to receive our monthly Real Estate Digest in PRINT.

  • 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


Meijer expands home delivery across Midwest with store pick-up

Meijer’s home delivery program is expanding.

The Grand Rapids, Mich.-based company announced that the program will now feature a pick-up option in stores across the Midwest.

Meijer’s Home Delivery and Pickup orders are fulfilled by Shipt, and available in 227 supercenters across six states.

“Customers are always looking for ways to manage busy schedules and maximize their time, so we believe offering pick up enhances our Meijer Home Delivery program, especially around the holiday shopping season,” Keith Rothstein, group vice president of merchandise services said. “Being able to choose between store-to-door delivery and pick up is another personalized option that ultimately makes it easier than ever to shop at our stores.”…

   …more

RSK: Although we do not have a Meijers here in Madison, this is a great concept and will be seeing others copy I am sure.


MIG Commercial Real Estate


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


Socializing Commercial Real Estate. Guest Post Ben Perlmutter.

It’s common knowledge that our social media accounts are important sources of information in this day and age. There are over 200 million social media users in just the United States, and these users spend almost two hours per day across all their social media platforms.

Social media is increasingly being used to drive purchases across a range of economic sectors. In 2015, content on Facebook influenced over half of consumers’ online and offline purchases. And over 50 million American small businesses have Facebook pages…

   …more

RSK: I guess the key here in my mind is this: Are the users of commercial real estate using social media to fill their needs?


EXCLUSIVE: Commercial Real Estate Amenities Curator TFLiving Continues To Scale, Acquires Pet Care Provider Baroo

Having the perfect blend of amenities and tenant engagement activities is imperative for commercial real estate owners and operators looking to attract and retain the right tenant mix.

Landlords across the country are teaming up with third-party tenant engagement and amenities providers to help achieve this goal. Tech-enabled amenities startup TFLiving works with landlords and management companies to enhance properties by providing a wealth of amenities packages for tenants and residents. Amenity services include on-site fitness classes, dog walking services and social events — such as food truck events or wine tastings…

   …more

RSK: The world is going to the dogs…and probably not a bad thing. Millenials want to be able to bring their pets to the office on certain days. Doggie Day Care in the office bldg. will be a huge thing soon I guarantee it…


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.


Duke Long’s Top 10 Most Influential Online Commercial Real Estate People 2018.

Duke Long’s Top 10 Most Influential Online Commercial Real Estate People 2018.

Yes, it’s that time of year once again.

Here we are now into our ninth year.

How do you get to be one of “the most influential” people in commercial real estate?

Relentless work and commitment to this business, our business of commercial real estate.

Here they are in order!…

   …more

RSK: Remember this is the Dukester`s list. You may have your own.

Ken Notes: The key is reaching out to you clients every week with information they can use making you the expert…. We can help…


High Point Office Park

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


What Does the Future of Office Space Look Like? Ask the Experts

There’s a lot being said about the fate of traditional offices right now. The day-to-day business of, well, business is changing so rapidly that the environments we work in will need to be fundamentally rethought.

We gathered insights from leading organizations that are actively studying and shaping the future of office space today.

Work Design Magazine: We’re seeing a post-open office world

World Economic Forum: Green spaces are growing   …more

RSK: I like these all though several would not pertain to our market at the moment.


Building For Lease: Nelson Road Business Center Nelson Road Business Center 4009 Felland Rd

4009 Felland Road, Suite 108, 1300 square feet. All Office.

   …more


2018 Event Calendar

Wisconsin Listing Contracts in Commercial Real Estate (Course 1)

November 1 @ 8:00 am11:30 am

Ethics and Best Practices in Commercial Real Estate (Course 4)

November 1 @ 12:30 pm4:00 pm

Financing in Commercial Real Estate (Elective C)

November 8 @ 12:30 pm4:00 pm

More at the link…

   …more

RSK: A list of CARW Events and CE.


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.


Dunkin’ CEO says it’s modernizing stores faster than expected

Key Points
  • New CEO David Hoffmann said the key to Dunkin’s success is collaboration with franchisees.
  • Dunkin’ is investing $100 million in its U.S. business. 
  • The company has slimmed down its food menu and added hot and cold coffee beverages, including a relaunch of its lattes, cappuccinos and espressos in stores heading into the holiday season.

With franchisee support, Dunkin’ Brands’ plan for growth is taking hold, as the company continues to modernize to entice younger consumers with new items such as espresso and on-the-go snacks.

   …more

RSK: I still think Dunkin(Donuts) has room to expand locations in our market area. If you have or a planning to build a small strip mall I would contact them.


RASCW Events and updates

Annual Membership Meeting 2018

November 15 @ 8:00 am10:30 am

Sheraton Madison Hotel – 706 John Nolen Dr

Please join us for our Annual Membership Meeting. You will hear from our RASCW and SCWMLS Presidents as they share their state of the organizations. Our guest speaker is Mike Theo, WRA President and CEO.  Recognition and awards will also take place.  Registration deadline is November 7.

Please see the event flyer for all the details.

Annual Membership Meeting 2018

New Developments for Commercial Brokers 2018 Review

Adam Sayer, Director of Planning and Development, City of Verona
click here for presentation

Michael Zimmerman, Assistant City Administrator/Director of  Community & Economic Development, City of Fitchburg
click here for presentation

Mike Davis, City Administrator, City of Middleton
click here for presentation

Tax Reform, Josh Ganshert, Baker Tilly
click here for presentation

Key Legal and Regulatory Updates, Tom Larson and Cori Lamont, Wisconsin REALTORS® Association
click here for presentation

   …more

RSK: In case you missed the RASCW Commercial Update Seminar a link to the powerpoint presentations is above. Worth the time to go over it


Why That Hershey`s Chocolate Bar Is Going to Cost You More Next Year

The Hershey Company will bump up prices next year by an average of 2.5%, it said in its third quarter earnings call Thursday. The confectionery maker warned in the previous quarter’s earnings call that commodity and shipping prices were putting pressure on its profit margins.

Hershey’s is not alone in raising prices. Nestle (nsrgy) and Unilever (ul) have also raised prices under the cover of rising consumer confidence.

Chocolate has been subject to volatile price swings for decades …   …more

RSK: Oh no Mr. Bill!!! Is nothing sacred?


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


The Last Straw? Inside the Start of Movement

Restaurants are rallying to ban plastic straws, and it could be the first step in a much larger movement.

Some time in early 2014 Chris Dahlander, founder and CEO of eco-friendly salad chain Snappy Salads, first glimpsed news footage of a massive floating trash gyre in the central North Pacific Ocean. Also called the Great Pacific Garbage Patch, the 80,000-ton raft contains about 1.8 trillion pieces of plastic. By fall, the chain had ditched plastic straws in favor of compostable paper ones…

   …more

RSK: Just had to throw this one in….I guess back to the old wax coated paper straws that collapse when you take a hard draw on them….ahhh, those were the days.


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


FEMA Disaster Recovery

To find help for your immediate needs, please enter an address to get a list of the closest FEMA Disaster Recovery Centers (DRCs), starting with the closest three.

If no resource is close to you, contact your state’s emergency management agency to ask about other resources or to get your county’s contacts. To find your closest hospital, use the U.S. Hospital Finder.

Do you need help for a business, local government, or community? If so, you may want to view our Other Recovery Help page. There you can find other resources that are not just for individuals.

   …more

RSK: Anyone who had any flood damage to your business or home, needs to go to this site and register.


Crown Commercial Real Estate/Development, LLC


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


Building For Lease: 52 N Bryan St Madison WI

Available June 2019 approximately 2,400 sq.ft. warehouse/office area. Space to be remodeled. There is one drive-in door 10`x12`, no dock.

   …more


Recent sponsors below…

Thanks you for sponsoring CIREX and Cirexnews.com
   …more


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


Evans Properties, LLC.


   …more
Professional Real Estate Management and Sales


Newmark Grubb Gialamas


   …more
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.


IA Management


   …more
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.


Wisconsin Commercial Real Estate


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


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

   …more


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.


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.

CIREX News & Views – October 23, 2018

The Impact of 5G & Corporate Real Estate`s Changing Telecommunications Landscape

Across the globe, the digital transformation is driving demand for more … more applications, more services, and as a result, more bandwidth. As this trend progresses, in-building networks are increasingly becoming strained. 

One of the most significant emerging trends that will stress networks is 5G.

5G represents the fifth-generation of cellular wireless. What’s notabl s 5G will connect people and things through greater speed, lower latency, and massive simultaneous connectivity. These network advancements will enable and inspire a new wave of computing and technological innovation that will change the way we live and work – which some refer to as the Fourth Industrial Revolution.

So, what does this mean to the corporate real estate and facility industry? Before I answer, let’s first take a closer look at 5G.

   …more

RSK: 5G is coming and will change the way we do business….worth the read.

Ken Notes: I have been lobbying for Wisconsin to take a lead role in the 5G rollout. If the state works with the providers to develop a grid based backbone we could use 5G to provide internet to under served areas in the state.


CBG NOTES: events… Corrected date!

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 Wednesday, 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. …

Congrats Deal of the year winners…  Presentation Here!

   …more

Ken Notes: If you need to update or place an event in CirexNews or WisconsinDevelopment.com give us a call… Ken 608.334.2174


10 Must Reads for the CRE Industry

Amazon is revisiting some of the finalist cities for its second headquarters location, the Wall Street Journal reported. Forbes details where it is cheaper to rent than buy. These are among today’s must reads from around the commercial real estate industry.

  1. Amazon Revisits Some Cities as HQ2 Decision Loom

  2. Where Is It Cheaper To Rent Than To Buy? 16 U.S. Cities Make The Cut

  3. New ‘Opportunity Zone’ Tax-Break Rules Offer Flexibility to Developers

  4. Sears’s Edward Lampert Was a Wizard. Now He’s Coming to Terms With Failure

  5. Trump Organization Sues Man Who Died in Trump Tower Fire

  6. Among Amazon HQ2 Watchers, Northern Virginia Checks the Most Boxes

  7. Six Skills Real Estate Investors And Developers Need To Develop

  8. GWL Acquiring Guggenheim Real Estate

  9. Mark Lapidus Out at WeWork Amid Real Estate Leadership Shakeup

  10. Developer to Expand East Side Biotech Campus

   …more

RSK: Great overview for the week.


WRA Legal Update

IN THIS ISSUE

  • Landlord Tenant Law Changes 2018
  • Daily practice changes
  • Recent Wisconsin landlord/tenant legislation
  • Other issues of interest
  • Legal process modifications
  • Miscellaneous

   …more

RSK: A great update on Landlord Tenant Law and practices.


T. Wall Enterprises

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

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

   …more


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!


Building For Sale: 705 Stokely Dr DeForest W

Great opportunity for a 25,000 sf commercial site in DeForest with easy access to HWY 51. Less than 5 minutes to the Interstates I90/I94/I39. Property features 22,500 sf warehouse/light manufacturing space, 2,500 sf office space with an unfinished mezzanine, 1 drive-in door, and 1 dock. The building is fully sprinklered. The large parcel could allow for building expansion.

   …more


Masters-hall Appraisal


   …more


Shopify opens its first brick-and-mortar space in Los Angeles

Shopify, the provider of payment and logistics management software and services for retailers, has opened its first physical storefront in Los Angeles.

The first brick-and-mortar location for the Toronto-based company is nestled in a warren of downtown Los Angeles boutique shops in a complex known as the Row DTLA.

For Shopify, Los Angeles is the ideal place to debut a physical storefront showing off the company’s new line of hardware products and the array of services it provides to businesses, ranging from newly opened startups to $900 million juggernauts like the Kylie Cosmetics brand.

   …more

RSK: You are going to see more and more of this…on-line retailers opening a B&M store.


september 2018 – Cirex Digital Version

View Our May Digital Version Online Here

Subscribe to Real Estate CIREX Digest

Subscribe to CIREX to receive our monthly Real Estate Digest in PRINT.

  • 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


MIG Commercial Real Estate


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


UPDATE 1-Many U.S. mall owners say good riddance to Sears

NEW YORK, Oct 15 (Reuters) – The real estate investment trusts that own the malls and shopping centers where many Sears stores are anchor tenants have waited years for the retailer’s demise to renovate the sites and boost rent, although redevelopment costs may strain some plans.

Most large U.S. malls are controlled by REITs. In recent years, the REITs have cut their exposure to Sears Holdings Corp , which filed for Chapter 11 bankruptcy on Monday. Sears, the parent company of Sears, Roebuck and Kmart, said it plans to close 142 of its 700 stores…

   …more

RSK: I guess one mans junk is another mans treasure…silver lining in every cloud depending which side you are on.


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.


Leasing Considerations Landlords Should Keep in Mind When Their Properties Serve as Delivery Pick-Up Points

We live in an exciting time of change in the consumer retail market. As technology continues to advance and as consumers get more comfortable with making the majority of their purchases on online, companies are forced to streamline their supply chains in order to compete with the on-demand delivery expectations of consumers.

A recent UBS report shows that e-commerce represents 16 percent of total retail sales (excluding food and gas), up from 8 percent in 2004. It is projected that between 30,000 and 80,000 brick-and-mortar stores will close as e-commerce continues to garner a larger share of retail sales, expected to be up to 25 percent in 2025. With companies like Amazon and Walmart offering free two-day-shipping, customers have become accustomed to finding an item online, clicking “buy” and having the item delivered within 48 hours, or sooner. While most consumers still look for free or low-cost delivery options, they also expect the option of one-day or same-day delivery, and in many cases are willing to pay a premium for that convenience…

…In order to combat this problem, retailers and third-party logistic firms (“3PLs”) are putting more locations closer to their customers than ever before. That proximity to the customer is the overwhelming priority, in many cases superseding what may be expected in terms of the cost of commercial real estate. Amazon, UPS, DHL, FedEx and other 3PLs need to be where they can quickly meet customer delivery expectations, and they will likely pay a premium to accomplish it….

   …more

RSK: I know this is a hot spot for Ken and myself as well. Especially with Madison being chocked by the isthmus, a central, east and west distribution point seems most plausible. Like the old Sears stores although the rent may be a bit high for that.

Ken Notes: Madison will need a new delivery system in place soon. Amazon has two programs in place NOW https://flex.amazon.com/ for individual drivers and https://logistics.amazon.com/ for those wanting to start a company. With as little as 10K down, they will walk you through the rest of the process from financing to guaranteed routes. The only catch is that you are the last to get paid…


Building For Sale: 705 Stokely Dr DeForest WI

Great opportunity for a 25,000 sf commercial site in DeForest with easy access to HWY 51. Less than 5 minutes to the Interstates I90/I94/I39. Property features 22,500 sf warehouse/light manufacturing space, 2,500 sf office space with an unfinished mezzanine, 1 drive-in door, and 1 dock. The building is fully sprinklered. The large parcel could allow for building expansion.


   …more


High Point Office Park

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


The Eco-System Of The Commercial Brokerage Office: Can Technology Eliminate The “Silo Effect?” Guest Post: Dealius.com

For years, the commercial real estate brokerage industry has been known for its typically slower adoption of technology and its tendency to function in “silos.” Although this is still somewhat true today, more and more brokerages are implementing collaborative approaches to leverage the skills and strengths of every team member and also utilizing technology to manage their day-to-day processes. It’s no coincidence that these are the firms that typically stand out from the competition.

If you own or manage a commercial brokerage office than you understand what makes up the so-called “eco-system” of a successful brokerage business:

  1. The Client Relationship.
  2. The Transaction.
  3. The Closing Process….

   …more


Building For Lease: 6441 Enterprise Ln Madison WI

Multiple suites available in well maintained west side office building (200sq ft-600+ sq ft). Located in near Mineral Point rd and Odana Rd. Flexible lease terms. Options available. Building has ample parking and a shared conference room.

   …more


2018 Event Calendar

OCTOBER 2018

October 24
Deal of the Year & Annual Meeting

   …more

RSK: A list of CARW Events and CE.


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.


It’s Been Over A Decade! My 10 Contrasting Views From Deep Inside #CRE and #TECH.

Well, to start off, I have been in this (#CRE and #TECH) business for far more than a decade. I just looked up when I formed the legal business entity for my Brokerage firm and that was in 2001. Wow, does that sound like a thousand years ago? Of course, I had been working in the business long before I went out on my own. The writing/whatever you want to call it started in and around 2007-2008(notice that was when the market went to total shit?) if by as much of an accident as anything else. It has been every bit of a roller coaster journey and with that, I have somehow managed to write over one thousand “articles.” The one thing I am most proud of is the fact that I have posted twice a week and NEVER missed posting on that same schedule EVER!…   …more
RSK: A double Dukester this week with a guest post.


RASCW Events and updates

Annual Membership Meeting 2018

November 15 @ 8:00 am10:30 am

Sheraton Madison Hotel – 706 John Nolen Dr

Please join us for our Annual Membership Meeting. You will hear from our RASCW and SCWMLS Presidents as they share their state of the organizations. Our guest speaker is Mike Theo, WRA President and CEO.  Recognition and awards will also take place.  Registration deadline is November 7.

Please see the event flyer for all the details.

Annual Membership Meeting 2018

New Developments for Commercial Brokers 2018 Review

Adam Sayer, Director of Planning and Development, City of Verona
click here for presentation

Michael Zimmerman, Assistant City Administrator/Director of  Community & Economic Development, City of Fitchburg
click here for presentation

Mike Davis, City Administrator, City of Middleton
click here for presentation

Tax Reform, Josh Ganshert, Baker Tilly
click here for presentation

Key Legal and Regulatory Updates, Tom Larson and Cori Lamont, Wisconsin REALTORS® Association
click here for presentation

   …more

RSK: In case you missed the RASCW Commercial Update Seminar a link to the powerpoint presentations is above. Worth the time to go over it


Building For Lease: 422 Gammon Pl WI

Very nice end-cap space available. Formerly Freshii. Modern interior and finishes. Small patio area as well. Great visibility and traffic counts. Restaurant equipment might be available…

   …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


Regus Sues WeWork For Trademark Infringement, Poaching Tenants

Want to get a jump-start on upcoming deals? Meet the major players at one of our upcoming national events!

HQ has long been used as casual shorthand for headquarters, but the term is at the heart of a trademark infringement lawsuit between the world`s two biggest providers of flexible office space.

IWG, through two Texas-based subsidiaries, has filed a lawsuit against WeWork in Dallas federal court, claiming WeWork`s new business line, HQ by WeWork, infringes on a 28-year-old trademark registered to HQ Network Systems, which Regus acquired in 2004.

   …more

RSK: This will be interesting.

Ken Notes: I think other will enter this space, and I would love to see options for pop up retail and manufacturing as well as office space. The expense today of starting a new business is preventing some great ideas getting off the ground…


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


Your Flexible Work Culture May Need Some Alterations

The flexible work culture has become a true phenomenon. Working from home only came about recently when technology became so advanced that we no longer needed to be in the office to work productively and effectively. A big factor in propelling the flexible work culture was the creation of The Cloud (which is one of my A-B-C-D’s), because this allows for professionals to work from virtually anywhere there is Internet access. But, at what cost does working flexibly come with when it comes to your career and your team members’ careers?

First, those who thrive in the traditional office setting with the fancy coffee maker and the 9-5 work schedule may find it hard to operate productively when their team members do not have the same schedule. Working from home can also blur the lines between work and personal time. It also (potentially) loses the synergy of collaborating in person….

   …more

RSK: Sometimes I wonder how much productivity is lost with the open office space concept as well.

Ken Notes: The key as EPIC will tell you is how you use the space and what expectations you have.


Crown Commercial Real Estate/Development, LLC


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


Casey Helbach

RSK: We do not do political endorsements but Mr Helbach has some interesting ideas here. He is running in Wis District 27 which is S. Wisconsin and includes southern Dane county. If you are in this District you should know who your candidates are and what they stand for…

   …more


Recent sponsors below…

Thanks you for sponsoring CIREX and Cirexnews.com
   …more


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


Evans Properties, LLC.


   …more
Professional Real Estate Management and Sales


Newmark Grubb Gialamas


   …more
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.


IA Management


   …more
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.


Wisconsin Commercial Real Estate


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


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

   …more


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.


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.

CIREX News & Views – October 10, 2018

E-Commerce, 3PLs Push Industrial CRE’s Dominant Run

Industrial commercial real estate has experienced a great run over the last few years, and its performance didn’t slow down during the first half of 2018.

After all, current macro-economic trends are creating a favorable environment for the entire industry. Consumer sentiment is the highest in 14 years, according to a University of Michigan study. Jobless claims are the lowest in nearly 50 years. And there does not seem to be much industry concern about potential rising interest rates.

On top of that big picture, warehouses and distribution centers are getting an extra push from two rapidly growing industries: e-commerce and third-party logistics companies (3PLs). Ever-expanding consumer demand is pushing the demand for space in these two arenas, and businesses are seeking out several different types of industrial formats for their growth…

   …more

RSK: The new retail is e-commerce plus brick n mortar in two aspects…a physical presence and warehouse distribution centers. Who knew 3PL`s would be the new darling. We all know why…because warehouse distribution can be leased for much less than space in a major Mall.


CBG NOTES: events…

CBG Meeting and CE-A New Construction
Date: Wednesday, October 10th, 2018

Time: 07:15 AM
Location: PARK 151, Innovation Way & Reiner Road, Sun Prairie WI 53590

Event Details:
Save the date for hosting our breakfast meeting and & CE-A New Construction on Wednesday, October 10, 2018. More details to follow. The breakfast meeting schedule is:
7:15 to 8:00 breakfast and networking
8:00 to 9:00 meeting
9:00 to noon CE-A New Construction. 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

CBG Annual Holiday Party & Meeting
Date: Wednesday, December 12th, 2018
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 Wednesday, December 12. 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.

Congrats Deal of the year winners…  Presentation Here!

   …more


idstr=7′

T. Wall Enterprises

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

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

   …more


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!


Gables COO: `This Is What People Care About,` And It`s Not Amenities

When it comes to multifamily, whether baby boomer or millennial, top-of-market or affordable-only renters, they all crave the same major amenity: connectivity.

“Connectivity is really the main thing you need to be thinking about in the next generation of our products,” Gables Residential Chief Operating Officer Cris Sullivan said during Bisnow`s Multifamily Annual Conference Southeast last week. “When people come into leasing offices, what [do] they care most about? They`re walking around with their cellphones to see if they get a signal.”…

   …more

RSK: This is also true in commercial buildings as well. We lost a client because of low cell phone coverage for his provider and they were not about to switch providers either.


Building For Lease: StartingBlock 821 E Washington Ave Madison WI

StartingBlock is an entrepreneurial hub connecting the startup community with investors, advisors, and community members to share ideas and create next generation businesses. This dynamic work environment has multiple anchor tenant suites available on the 4th floor ideal for innovative and growing companies seeking high end work spaces, exceptional amenities, and flexible lease terms…

   …more


Masters-hall Appraisal


   …more


Why It Pays To Have ‘Well-Connected’ Lighting In Your Building

Lighting can do more than brighten your day. As more building owners have come to realize, it can also provide insight into how to run properties more efficiently, and attract tenants by giving them control over their environment.

The Internet of Things has made data on how people interact with spaces more readily available. Smart outlets in an office, for example, can inform office property managers about how much electricity a tenant is using during peak work periods, and when to reduce consumption. Smart windows, which adjust their tint based on the intensity of light and temperature, improve tenant comfort and reduce energy costs to heat or cool a building…   …more

RSK: How ironic for us. Just had a tenant ask about this very topic.


september 2018 – Cirex Digital Version

View Our May Digital Version Online Here

Subscribe to Real Estate CIREX Digest

Subscribe to CIREX to receive our monthly Real Estate Digest in PRINT.

  • 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


Building For Lease: 1919 S Stoughton Rd Madison WI

Up to 18,800 SF in two story building, has mix of private offices, conference rooms and open space with systems furniture. Additional features include climate controlled IT room, TDS fiber-optic connection, dedicated parking lot for 53 vehicles, back up generator, monument sign structure with exposure to Hwy 51, security system hardware available for tenant use.

   …more


MIG Commercial Real Estate


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


idstr=361′

Watch Your Back, WeWork: Landlords Move To Cut Out Middleman, Offer Coworking Themselves

Miami has finally shed its reputation as a place for people to retire. In the past 10 years, the city has seen an influx of people with bachelor’s degrees, and an entrepreneurial ecosystem has been evolving.

The arrival of new-to-market tenants has created an appetite for coworking space as the companies settle in, commercial real estate experts at Bisnow`s Miami State of the Market event last week said…

   …more

RSK: How did I know this was going to happen. Bet you asked yourself the same question.


Building For Lease: Former Savers Building 2002 Zeier Rd Madison WI

This former Savers building (31,810 SF) features 15.4 ft clear height and is 18 ft to deck. The property has 129 parking stalls and offers full access via a signalized intersection adjacent to East Towne Mall (839,608 SF). Area retailers include JC Penney, Sears, Dick`s Sporting Goods, Kohl`s, Gordmans, and Best Buy.

   …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.


Retailers tout big hiring plans this holiday season, but workers will be hard to find

Key Points

  • Roughly 23 percent of retailers weren’t able to hire all the temporary workers they wanted for the 2017 holiday season, according to a new report.
  • About two-thirds of retailers are hoping to hire at least as many seasonal workers this year.
  • U.S. unemployment is at a record low of 3.9 percent, and companies are under pressure to raise wages.

Many retailers have already announced plans to hire more seasonal workers this year than in 2017, but not all of those positions will likely be filled.

The labor market is tighter than ever. U.S. unemployment is at a record low of 3.9 percent, and companies are under pressure to raise wages, making it more difficult and expensive to keep talent, according to a new report…

   …more

RSK: The answer will be in higher wages, flexible schedules and ability to stay on part-time after the Holidays. I will go with #1 as the best incentive…


Land for Sale: West Madison Bible Church Land 2920 N CTH M Verona WI

13 + or – acres. West Madison Bible Church to retain church building as approx. 6 acres adjacent to the building. Full access stop lite intersection into the land to be constructed with current CTH M improvements.

   …more


Advanced Market Analysis for Commercial Real Estate

Advanced Market Analysis for Commercial Real Estate is designed to improve your understanding of timing/location and increase your possibilities for success in today`s market. In this course, you will get hands-on experience with market analysis tools like STDB to identify the best locations for specific types of properties.

Upon completion of this course you will be able to:

  • Use supply and demand data to identify property sectors and geographic submarkets that offer the greatest commercial real estate investment opportunity both now and in coming years
  • Conduct hands-on analyses of your market and submarket using STDB and the latest CCIM Market Analysis software tools.
  • Identify the greatest areas for growth-office, retail, industrial, and multifamily sectors-in your market…

   …more


High Point Office Park

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


U.S. office vacancy rate remains flat in third quarter – Reis

(Reuters) – U.S. office vacancy rate was unchanged at 16.6 percent in the third quarter, according to real estate research firm Reis Inc (REIS.O).

Overall net absorption, measured in terms of available office space sold in the market during a certain time period, dropped to 3.5 million square feet of office space in the third quarter, compared with 5.5 million square feet, a year earlier.

   …more

RSK: Well better than more vacancy coming on. Not sure if this is because some new buildings are being constructed or the absorption rate is just remaining steady.


2018 Event Calendar

OCTOBER 2018

October 15 | 11:45 AM-1:15 PM
Lunch and Learn
CARW Training Room

October 18
CARW Sponsor & Thank you

October 24
Deal of the Year & Annual Meeting

   …more

RSK: A list of CARW Events and CE.


U.S. retail vacancies flat at 10.2 percent in third quarter: Reis

(Reuters) – U.S. retail vacancies remained flat at 10.2 percent in the third quarter, while a number of Sears Holdings Corp (SHLD.O) and Bon-Ton store closures boosted mall vacancy rates, real estate research firm Reis Inc (REIS.O

The mall vacancy rate jumped to 9.1 percent in the third quarter, from 8.3 percent a year earlier. The jump in vacancy does not account for a number of owner-occupied Sears and Bon-Ton stores that also closed.

) said in a report.

   …more

RSK: Nothing new other than it is not as bad as I thought it would be. A lot of re-purposing going on.


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.


Small Business Summit

Please join Governor Scott Walker and Lt. Governor Rebecca Kleefisch for the 8th Annual Small Business Summit at the Ingleside Hotel & Conference Center at 2810 Golf Road, Pewaukee, WI.

Don’t miss this opportunity meet with some of the “movers and shakers” in Wisconsin business today! Hear how great strides in Wisconsin education opportunities are preparing the next generation of workers to be ready for employment in your industry or business. Learn how innovative state programs can assist in taking your business to the next level. Enjoy networking with other small business developers while sampling some great Wisconsin products.

View the Agenda

Registration is $50 per person and is non-refundable. Register online with credit card. No cash or check accepted.
Deadline for registration is December 3, 2018…

   …more

RSK: If you can make this I am sure you won`t be disappointed.


RASCW Events and updates

Silent & Live RPAC Auction

October 4 @ 5:00 pm8:00 pm

Park Hotel – 22 S. Carroll St.

………………………….

New Developments for Commercial Brokers 2018 Review

Adam Sayer, Director of Planning and Development, City of Verona
click here for presentation

Michael Zimmerman, Assistant City Administrator/Director of  Community & Economic Development, City of Fitchburg
click here for presentation

Mike Davis, City Administrator, City of Middleton
click here for presentation

Tax Reform, Josh Ganshert, Baker Tilly
click here for presentation

Key Legal and Regulatory Updates, Tom Larson and Cori Lamont, Wisconsin REALTORS® Association
click here for presentation

   …more

RSK: In case you missed the RASCW Commercial Update Seminar a link to the powerpoint presentations is above. Worth the time to go over it


Building For Sale: Former Globe University Former Globe University 1345 Deming Way Middleton WI

Outstanding opportunity to own an office building at the entrance to the Old Sauk Trails business park. The 31,000 sq. ft. building was built in 2009 and sits on 3.75 acres. 13` clear height ceilings and limited building columns offer lots of flexibility for repurposing the space from a school to an office use…


   …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


Re:Store, WeWork for Retail, Will Bring Instagram Brands to Storefronts

Selene Cruz created a popular line of bags designed to organize laptops and chargers, but she found that she couldn’t grow her company to the next stage without moving from online-only to old-fashioned retail.

“It was a natural transition,” Cruz says. “I wanted to get a storefront and my customers were asking for it, but unfortunately in San Francisco it is too expensive for me to even afford physical space on my own.”…

   …more

RSK: Great concept. I wouldn`t be surprised to see this in other sectors such as warehousing.


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


I Rant Because I Can. I Rant Because I Want To. I Rant Because That’s What YOU Want!

Ah, what a time to be alive…or what a time to be alive and watch the shitshow that is life as we know it today. I’m more on the side of not paying any attention to that made up drama that is the shitshow of life and have been hanging on to the phrase lately of “Livin The Dream.” What does that actually mean? Hell if I know but then again why the hell not.

Are we all now too sensitive to anything and everything and all we want is to be affirmed about our beliefs and not to have our minds changed at all? I get that, but the other side wants the same so how will that work? And some of us can’t or won’t have it any other way…

   …more

RSK: Of course…we all like to rant at one time or another.


Crown Commercial Real Estate/Development, LLC


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


Building For Lease: 2014 S Stoughton Rd

Also for Sale!! Perfect for owner occupant with added income from existing tenants!
Neighboring Tenants Include: Kitchen Ideas Center, Walgenmeyer’s Carpet and Tile, Sherwin Williams, My Escape Mission, Brother’s Main Appliance. Mounds Pet Food Warehouse, Clausen Automotive, A1 Furniture & Mattress, Blain’s Farm & Fleet and many more!…


   …more


Recent sponsors below…

Thanks you for sponsoring CIREX and Cirexnews.com
   …more


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


Evans Properties, LLC.


   …more
Professional Real Estate Management and Sales


Newmark Grubb Gialamas


   …more
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.


IA Management


   …more
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.


Wisconsin Commercial Real Estate


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


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

   …more


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.


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.

CIREX News & Views – September 25, 2018

Cirex News is emailed weekly to over 1,300 CRE Brokers/Agents and people interested in commercial real estate. In our weekly News & Views you can promote your clients properties and your services for just $15 for new listings (If it is put into the Cirex Guide no extra charge) and $25 for a banner ad (also free to Guide advertisers). call 608-345-2880…

“If people are spending up to nine hours a day being misled and influenced by fake followers, fake news and fraudulent behavior, then we all have a responsibility to act for change before nine hours turns into 24, likes turn into hate and reality turns virtual.”)

Keith Weed, chief marketing officer of Unilever, writing for Marketing Week (UK)


CBG NOTES: events…

CBG Meeting and CE-A New Construction
Date: Wednesday, October 10th, 2018

Time: 07:15 AM
Location: PARK 151, Innovation Way & Reiner Road, Sun Prairie WI 53590

Event Details:
Save the date for hosting our breakfast meeting and & CE-A New Construction on Wednesday, October 10, 2018. More details to follow. The breakfast meeting schedule is:
7:15 to 8:00 breakfast and networking
8:00 to 9:00 meeting
9:00 to noon CE-A New Construction. 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

CBG Annual Holiday Party & Meeting
Date: Wednesday, December 12th, 2018
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 Wednesday, December 12. 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.

Congrats Deal of the year winners…  Presentation Here!

   …more


11 Steps Landlords Should Take When Evaluating New Tenants

As a landlord or property manager, you need to make sure your properties have good, reliable tenants who will not cause problems and will pay their rent on time. Even if you’re tempted to fill vacancies as quickly as possible, you need to think about exactly who you are renting to and what the consequences might be…

   …more

RSK: All good tips and a good protocol.


Marcus & Millichap Brokers $1.9M Sale of 225-Room Hotel in Wausau, Wisconsin

WAUSAU, WIS. — Marcus & Millichap has brokered the $1.9 million sale of The Plaza hotel in Wausau. The 225-room hotel is located at 201 N. 17th Ave. The five-story property includes 23,000 square feet of banquet and conference space as well as a restaurant and lounge. Allan Miller, Chris Gomes, Ebrahim Valliani and Michael Klar of Marcus & Millichap marketed the property on behalf of the seller, a limited liability company. The team also procured the buyer, a partnership. Wausau is located in central Wisconsin…

   …more

RSK: Kudos to all involved. Does that seem like a low price to you?


State of Wisconsin Wants You! – Real Estate Transaction Manager

Put your real estate experience and knowledge to work for the State of Wisconsin. The Department of Administration is looking for a seasoned real estate professional to help administer and manage the State`s private sector leased portfolio which consists of approximately 460 leases and 3.2M sq. ft. This is a full-time position with great benefits. To find out more, click on the following link:

Scott Berger
State of Wisconsin Department of Administration

   …more


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!


Q&A: How new company aims to save the just-relaunched Bon-Ton

The company hoping to revive Boston Store, Younkers and other brands of the defunct Bon-Ton Stores as an internet-centered retailer launched its new websites over the weekend, officially putting the Bon-Ton name back in business.

The restart comes two weeks after the department store chain closed its remaining brick-and-mortar locations. CSC Generation, a Merrillville, Indiana, technology and retail investment firm, purchased the bankrupt retailer’s trademarks, websites, customer lists and other intellectual property for $900,000 in federal bankruptcy court in Delaware…

   …more

RSK: I certainly hope they open the West Town store again. Loved that place and their community days helped many a nonprofit.


Retail Closures Are Only Half The Story, As Some Parts Of Retail Do Well

The retail closures in the headlines for months now are finally having an impact on the overall U.S. retail market, with fundamentals notably softening, according to JLL`s Q2 2018 Retail Outlook. Major metros in general are moving from a cyclical peak to a falling retail market.

As stores close — more than 2,500 during the first half of this year — net absorption is being impacted, the report says. During the second quarter, absorption of retail space was still positive nationwide, a total of 8.7M SF….

   …more

RSK: Exactly!!


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.


National Hospitality Research Report

Hotel Room Demand Escalates in Smaller Metros/Towns, Fueling Occupancy And Boosting Investor Interest

Rising travel predictions favor hotel sector. The accelerating economy, supported by strong employment growth and rising confidence levels, bodes well for hotel property performance. Consumer and business confidence remain at record levels, reinforcing expectations of healthy consumption and business spending this year. Elevated confidence levels will likely buoy room demand through the remainder of the year, keeping occupancy at a record high and supporting RevPAR growth…

   …more

RSK: Look at all the new hotels that have been built here in Madison alone plus 3 more on the books for approval. I would say it is alive and well in this sector…


Building For Lease: Greenway Center — 8215 Greenway Blvd W

Located just blocks from the West Beltline Highway 12/14 with quick access to the west and southern suburbs.
On-site board rooms, pub style lounge, showers, card access, security cameras, all glass atrium, fiber optics, heated parking, large surface parking lot, first class property management with on-site maintenance and 24/7 emergency in-house maintenance…

   …more


september 2018 – Cirex Digital Version

View Our May Digital Version Online Here

Subscribe to Real Estate CIREX Digest

Subscribe to CIREX to receive our monthly Real Estate Digest in PRINT.

  • 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


CI101 October 2-5, 2018 Chicago, IL

CI101 October 2-5, 2018 Chicago, IL
Location: Levine Learning Center
430 N Michigan Ave, 7th Floor Chicago, IL 60611-4015
Date: October 2-5, 2018

CI 101: Financial Analysis for Commercial Investment Real Estate

CI 101 is a bedrock class for real estate practitioners at a time when risk mitigation, pricing, and cycle assurance have become critical to investors. CI 101 introduces the CCIM Cash Flow Model, a tool for ensuring your investment decisions are based on wise finance fundamentals. During the course, you will learn how to use key financial concepts such as Internal Rate of Return (IRR), Net Present Value (NPV), Cap Rate, Capital Accumulation, and the Annual Growth Rate of Capital to compare different types of commercial real estate investments.

This course will teach you how to:

  •     make informed investment decisions using the CCIM Cash Flow Model;
  •     measure the impact of federal taxation and financial leverage on the cash flow from the acquisition, ownership, and disposition phases of real estate investment; and
  •     use real estate analysis tools to quantify investment return.

   …more


Wisconsin Commercial Real Estate


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


How Curated Retail Fosters Community In A Mixed-Use Development

“Curated retail” might be a real estate buzzword, but it is a buzzword with some teeth. The term doesn`t have a precise definition, but retail owners and managers know it when they see it, and they know that the concept is increasingly important to the health of mixed-use urban properties.

   …more

RSK: No doubt the main “buzzword” in retail CRE for all these reasons.


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


IRR is an Easily Manipulated “Performance” Metric

Private Equity Real Estate Managers are Turbocharging their Manipulation by SLOCking

I`ll never understand how supposedly “sophisticated” institutional investors have allowed themselves to fall into the trap of using IRR as an investment performance metric, notwithstanding their fiduciary responsibility to make investment decisions in the best interests of their clients. Ludovic Phalippou famously said in a paper published almost a decade ago that “IRR is probably the worst performance metric one could use in an investment context,” partly because it “can be readily inflated.” Phalippou also mentioned that IRR “exaggerates the variation across funds, exaggerates the performance of the best funds, … and provides perverse incentives to fund managers.”…

   …more

RSK: So true, but maybe why there is FMIRR where the FM stands for financially managed.


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.


Nuclear bunkers are the new real estate craze

I am trying really hard to make this nuclear bomb shelter feel like a home.

The room is small, just enough to fit a bunk bed, a padded bench, a ladder in the middle and an air filtration system, but not much else, not even a toilet. I`m looking for where I could put books, or at the very least, a stash of canned beans and bottled water to stay alive…

   …more

Just hide under your desk as our teachers taught us in grade school…much less expensive…


To Prevent Blight, Local Governments Are Buying Dead Malls Read more at: https://www.bisnow.com/national/news/retail/to-prevent-blight-local-gover

In the bifurcation of the retail world since the recession, winning malls attract shoppers and tenants, while losing malls attract neither and risk becoming derelict.

When private investors have lost interest redeveloping such derelict retail, in a few cases local governments have stepped in to acquire the properties and possibly find another use, the Wall Street Journal reports. …

   …more

RSK: That is a huge bite off the real estate tax rolls but if they can fix them up and release at higher rates it may work for them.

Ken Notes: I am a strong advocate of local communities working with developers to control their own destiny…


What Is Your Business Model Today? What If It’s Completly Wrong?

Business Model: a design for the successful operation of a business, identifying revenue sources, customer base, products, and details of financing.

Simple enough, most of us knew that basic concept even before we all went to some sort of “busyness school.”

The Broker Model: A broker brings together buyers and sellers, and usually takes a fee or commission on successful transactions. Brokers are active in business-to-business (B2B), business-to-consumer (B2C), and consumer-to-consumer (C2C) or Peer-to-Peer (P2P) markets.

Again simple enough and that has not changed for the most part since when…maybe ever.

   …more

RSK: Seems like there are not too many CRE business models out there. Maybe we need to invent a few more to get up to speed.


2018 Event Calendar

SEPTEMBER 2018

September 19
Rainmaker
HUB640

OCTOBER 2018

October 15 | 11:45 AM-1:15 PM
Lunch and Learn
CARW Training Room

October 18
CARW Sponsor & Thank you

October 24
Deal of the Year & Annual Meeting

   …more

RSK: A list of CARW Events and CE.


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.


Building For Lease: Whitney Point — 340 S Whitney Way WI

2033 SF commercial suite with great visibility and opportunity for building sign. High traffic exposure to combined AADT count of 49,000 Mineral Point Road & Whitney Way. Open concept suite with built in reception area; lots of windows on three sides of the suite.

   …more


RASCW Events and updates

Silent & Live RPAC Auction

October 4 @ 5:00 pm8:00 pm

Park Hotel – 22 S. Carroll St.

………………………….

New Developments for Commercial Brokers 2018 Review

Adam Sayer, Director of Planning and Development, City of Verona
click here for presentation

Michael Zimmerman, Assistant City Administrator/Director of  Community & Economic Development, City of Fitchburg
click here for presentation

Mike Davis, City Administrator, City of Middleton
click here for presentation

Tax Reform, Josh Ganshert, Baker Tilly
click here for presentation

Key Legal and Regulatory Updates, Tom Larson and Cori Lamont, Wisconsin REALTORS® Association
click here for presentation

   …more

RSK: In case you missed the RASCW Commercial Update Seminar a link to the powerpoint presentations is above. Worth the time to go over it


On-demand delivery and moving app Dolly hits $1 million in revenue and expands into SF and DC

The Seattle-based on-demand delivery and moving service, Dolly, is rolling out its services in San Francisco and Washington, DC, as it eyes a broader national expansion in the coming months after hitting a milestone of $1 million in monthly revenue earlier this year.

The company, which raised $8 million in a 2015 funding round, currently operates out of Seattle, Portland, San Diego, Denver, Chicago, Philadelphia and Boston…

   …more

RSK: Wow! Back to circle one. Yup…one man and a pick-up.

Ken notes: I promise as larger items are purchased online last mile solutions will be the next big thing.


Watch This East Austin Office Building Rust Before Your Eyes

It would be pretty hilarious if someone put up a multi-million dollar building without ever thinking about what the weather might do to it, but that’s thankfully not the case for the five-story office project by Endeavor Real Estate Group at 901 East Sixth Street. No, this structure’s steel exterior, designed by a joint venture between architecture firms Delineate Studio and Thoughtbarn, is intended to rust  — and that’s exactly what’s happening, even before construction’s finished…

   …more

RSK: My “Now that is cool” article of the week.

Ken Notes: I love Corten steel, it looks very nice after its rusts and it does not deterioration after it has surface rusted…


Building For Lease: 509 Water St Prairie du Sac WI

Exceptional location for your new business in down town Prairie du Sac! Newly remodeled raw space with room for up to 3 separate suites. 2400 total square feet. Can lease all or some of the space. Corner lot located across from the public access to the Great Sauk Trail. Ample parking nearby, great visibility and an address on highly desirable Water Street!…

   …more


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


Commercial Real Estate’s Data Revolution is Here – Are You Ready?

Transformation is underway in commercial real estate with data fast becoming the most important competitive differentiator for today’s landlords and brokers. In an industry long dominated by people being successful doing things the way they’ve always done them, there has been little motivation to adapt. Today’s decision, however, is clear – if you don’t position your business to capture critical insights and act on them, your success will be limited.

We can look to other industries for the play by play

We can look at other industries to see the transformative power of data. Netflix is a prime example – the modern media company has redefined how content is produced, using viewer preference data to hone original programming and personalize the customer experience…

   …more

RSK: It will accelerate soon and as usual in the CRE world people will adapt but be slow to do so until they have to….which is too bad.


Crown Commercial Real Estate/Development, LLC


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


Why title insurance firms are paying close attention to the latest Russian sanctions bill

A U.S. Treasury Department program that spotlights anonymous real estate purchases in a number of gateway cities could become a nationwide law if a Russian sanctions bill is passed.

The little-known provision in the Defending American Security from Kremlin Aggression Act of 2018, a bipartisan bill introduced to the Senate last month, would force title insurance companies to report the identities of people using limited liability companies behind high-priced real estate transactions across the country…

   …more

RSK: I am not sure if this is good or bad. What are your thoughts on this? Drop me an email.

Ken Notes. It is a huge deal in NYC where Russian billionaires have been sheltering there wealth for years.


Recent sponsors below…

Thanks you for sponsoring CIREX and Cirexnews.com
   …more


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


Evans Properties, LLC.


   …more
Professional Real Estate Management and Sales


Newmark Grubb Gialamas


   …more
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

   …more


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

   …more


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.