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...
Note from RSK: At our CBG Madison meeting on Wed. April 11th, CARW and Catalyst gave a demonstration on their property data system. To find out more go here. It is no charge for a few months.
Actually, there is no charge to list properties on the system... just to use the data and view properties. This is the opposite of Property Drive which charges for a listing but allows anyone to view the data and properties. We are neither endorsing or directing you to join Catalyst but want you to have the information to make a choice on your own company`s needs.
See More Here:
CBG Sporting Clays Event on 5-22-18
Date: Tuesday, May 22nd, 2018
Time: 03:30 PM
CBG Sporting Clays Event on 5-22-18
Please register for our 4th CBG Sporting Clays summer social event at
the Waunakee Gun Club on Tuesday, May 22. Shooting is optional and all
are welcome to come out and socialize. Schedule will be shooting from
3:30 - 6:00 p.m. followed by food and drinks.
CBG Meeting and CE -(course TBD)
Date: Wednesday, June 13th, 2018
Time: 7:15 AM
Save the date for hosting our breakfast meeting and & CE (course
TBD) on Wednesday, June 13, 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. 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.
Congrats Deal of the year winners... Presentation Here
- Gross Lease/Full Service Lease
- Net Lease
- Single Net Lease:
- Double Net Lease:
- Triple Net Lease:
- Absolute Triple Net Lease:
- Modified Gross Lease/Modified Net Lease
RSK: Just a quick review of the basic CRE leases. I think in our market a modified gross is most common and absolute triple net the least.
Ken Notes: Do not forget you can search CirexNews for past articles... So a nice primer could be had by searching for commercial lease
The Gialamas Company`s premier development. The park has over 57 buildings containing 200+ companies, occupying over 3.0 million square feet.
Another weekend, another major retail bankruptcy. This time it was
privately held Nine West Holdings Inc., a women`s shoe and apparel
wholesaler, which filed for bankruptcy after racking up about $1.6
billion in debt, the second-largest amount of debt on rating agencies`
list of `loans of concern` last year.
Coincidentally, the company also reported $1.6 billion in revenue in fiscal 2017.
Private equity firm Sycamore Partners Management acquired the company and affiliated brands in the 2014 for $2.2 billion... ...more
Food halls have become the hottest trend in retail, and a new report projects the market will nearly triple in size by 2020.
When Cushman & Wakefield first
began tracking food halls, open eatery concepts developers across the
country are putting into mixed-use projects, in 2015, it found 70
projects across the U.S.
That number had grown to 118 by the end of 2017. Based on
under-construction and planned projects, the firm`s 2018 report projects
there will be 180 food halls by year-end and 300 by the end of 2020.... ...more
RSK: Is this a Food Court on Steroids or a way to cut down on employees. It does have merit though.
Ken Notes: we keep talking about entrepreneurial support and failing retail. Why not turn struggling malls into startup hubs for retail, meeting, office, dining, and co-working spaces. It beats the hell out of EMPTY...
Our focus is your focus, our goals are your goals.
Despite the strong growth in retail sales
in 2017, the retail real-estate market continues to be roiled by trends
that look to pick up steam in the future. U.S. mall vacancy rates
through the first quarter of 2018 are at the highest level since the end
of 2012. Overall retail real-estate vacancies stood at 10% in the first
quarter, according to data compiled by Reis.
Filling those retail vacancies will only get harder, suggests a report from the Advisory & Consulting group of Green Street Advisors.
The report focuses on trends for in-line tenants, rather than anchors.
Since in-line tenants have the greatest impact on mall net operating
income, the report states “their performance offers a preferred
indicator of mall health.”... ...more
RSK: Yes it will take creativity but what most Malls have going for them is location and parking.
April 19 @ 8:30 am - 3:30 pm
To register, send an email to Beth@wisre.com.
May 9 @ 8:45 am - 5:00 pmJoin the Membership Networking Committee for a trip to Diamond Jo’s Casino!
The bus will load at 8:45 am and leave promptly at 9:00 am from the parking lot between AMC Fitchburg and PDQ, on McKee Rd. The bus will leave Diamond Jo’s at 3:30 pm, and return to Madison by 5:00 pm. The cost of the event is $20. Reservation must include payment by April 25th, space permitting....
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Affordable. Versatile. Excellent visibility. A unique gem tucked alongside Madison’s West Beltline Highway 12/14...
If you have a home equity line of credit, private student loan,
commercial mortgage or business loan, your payment may be tied to LIBOR.
The London Interbank Offered Rate serves as the starting point for
figuring out how much borrowers owe. But the interest rate underpinning
trillions of dollars of loans will be changing.
In the week ahead, the Federal Reserve Bank of New York begins
publishing the SOFR. The Secured Overnight Financing Rate aims to be
more reliable and less contrived. It also begins a new chapter in the
massive move away from LIBOR and its lock as a fundamental price of
borrowed funds.. ...more
RSK: Another acronym we laymen will not understand that will be used for financing. Hmmmmm...
With over 200 experienced real estate professionals, Knight Barry provides exceptional support and service. Visit us online for more information about our 40+ commercial and residential offices throughout Wisconsin and Michigan.
- 40 percent of consumers today will pick a
mall to visit primarily based on the restaurants located there,
according to a report from Jones Lang LaSalle.
- Shoppers who eat at the mall will then spend more time there and spend more money at stores there, JLL found.
- Consumers should expect to see more food halls, with healthier options and local restaurants, popping up at U.S. malls.
You might`ve noticed more and more mall food courts are changing,
ditching fast food chains for local eateries. And that`s not an
accident.Mall owners say they`ve been steadily
increasing the percentage of retail square footage at any given property
dedicated to food and beverage, creating new food halls. The push to
make these changes is compelling, industry experts have told CNBC. The goal is to drive traffic to the property and keep shoppers lingering longer...
RSK: Food can draw more people to malls, but what if they are going just to eat food and not shop? That is probably what I would do. Possibly if there was a waiting list, I might browse a shop close to the restaurant...
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.
STURTEVANT, WIS. — The Dickman Company Inc./CORFAC International has
brokered the sale of a 187,000-square-foot industrial building in
Sturtevant, about 28 miles south of Milwaukee. The sales price was not
disclosed. The property is located at 2620 90th St. Gallo Business
Center Investments LLC purchased the building from 90th Street
Industrial LLC. Samuel M. Dickman Jr., Samuel D. Dickman and Zach Noble
of Dickman brokered the transaction. ...more
RSK: S.E. Wisconsin is sizzling hot and Dickman is servicing the CRE sector.
Available sf: 1,105
Max Contig sf: 1,105
Rent PSF (Annual): $13.50
Lease Type: Modified Gross... ...more
Moody`s said in a report on Tuesday that retail
sector defaults hit a record high during the first three months of 2018
as the rise of e-commerce and decline of malls continues to eat away at
Struggling Sears and bankrupt Claire`s are
among the nine retailers that defaulted on their debt during the first
quarter despite the healthy overall economy. All but one of the
retailers are based in the United States.
Retailers accounted for one-third of all corporate defaults this
year, underscoring the pain this pocket of business feels as customers
flock to Amazon (AMZN) and other online shopping hubs... ...more
RSK: There will be more as retail has a major shakeout. A new model of retailing is emerging and retailers need to get on the wagon or risk falling by the wayside. As a landlord be wary of retail leases and protect yourselves.
RSK: A list of CARW Events and CE.
It may make for intriguing headlines, but
physical retail is clearly not dead. Far from it, in fact. But, to be
sure, boring, undifferentiated, irrelevant and unremarkable stores are
most definitely dead, dying or moving perilously close to the edge of the precipice.
While retail is going through vast disruption causing many stores to close — and quite a few malls to undergo radical transformation or bulldozing — the
reality is that, at least in the U.S., shopping in physical stores
continues to grow, albeit at a far slower pace than online. An
inconvenient truth to those pushing the "retail apocalypse"
narrative, physical store openings actually grew by more than 50%
year over year. Much of this is driven by the hypergrowth of dollar
stores and the off-price channel, but there is also significant growth
on the part of decidedly more upscale specialty stores and the move of
digitally-native brands like Warby Parker and Bonobos into brick and
RSK: I have been saying this for years. But as a guy I know I do not have to be entertained to shop. I want in, find what works, and out. But I agree. The store should not be boring and the same old same old. Just make it easy to find my size in what I want and maybe some new trends in clothing...
With the largest Real Estate Practice of any law firm in Wisconsin, Reinhart offers clients custom-tailored real estate insight.
Wednesday, May 23, 2018 ...more
Host: MIG Commercial Real Estate
2921 Landmark Oaks, Madison
Registration: 1:00 pm
Program: 1:30 pm
Welcome: Brad Hutter
Commercial Development Updates
Fitchburg – Michael Zimmerman
Tax Reform Josh Ganshert, Baker Tilly (confirmed)
Key Legal and Regulatory Updates
Cori Lamont, Director of Corporate and Regulatory Affairs (confirmed)
Tom Larson, Senior Vice President, Legal and Public Affairs (confirmed)
Networking: 4:30 pm
Baker Tilly – State Bank of Cross Plains - First American Title - CIREX - RASCW
register at firstname.lastname@example.org.
A market analysis
provides useful information needed to evaluate the supply and demand
conditions for particular types of real estate. For example, investors
considering the purchase or development of office space value the property
based on future expected cash flows generated from rent. In order to forecast future rental income
the investor or developer must evaluate how much supply exists in the
market and how demand conditions will change over time. The demand must
be high enough to keep occupancy and rental rates high enough so that
the return meets or exceeds the investment hurdle rate
RSK: The best thing about this analysis platform is the the free course at the end of the article. Basic CCIM courses here wrapped into one overview.
Retirement is set to present one of the biggest challenges for
businesses in decades. With Baby Boomers fast leaving their careers for
retirement and reports that the ‘Snowflake’ generation will make up 75%
of the workforce by 2025, businesses are faced with two significant
challenges. The first is to transfer and retain the knowledge their
businesses are built on, and the second is to ensure that working styles
and environments meet the needs of the most transient and tech-savvy
generation of all... ...more
RSK: First of all "Generation Snowflake" does not seem to fit Millennials that I work with. Secondly as a "Baby Boomer" I have no plans in the foreseeable future to retire. So, like it or not we will be commingling these two generations for some time to come.
Currently Signature Graphics space. Available within 30 days.
Part of the Odana Plaza Shopping Center. Retail/office/work space...
ALSO _ Business for Sale: Signature Graphics
Signature Graphics is the current tenant and would like to sell
his business and equipment. Idea for a company/individual who wants to
expand their graphic/printing business. Call the owner Steve Spengler
at 608-575-9600 for details on the business.
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
Landmark historic Madison restaurant on the market for the first
time in 41+ years as the owners are ready to retire. 5,561 SF building
on a 1.04 acre lot with plenty of parking. Sale also includes a rental
property located on the adjacent parcel at 2912 E Johnson St. consisting
of 3 apartments - one 2 bedroom - 1 bath unit on the first floor and
two efficiency units on the 2nd floor...
I get sent many pitch decks and am always asked to comment on how to make any part of the deck better.
I thought I would showcase and comment on WeWorks pitch deck since it’s a great example of how to raise BILLIONS.
-Scrolling past the usual logo and the very first slide says what?
Here’s who we are here’s the money we are making and here are the
markets we are in and here’s how fast we are growing. All on slide 1.
Ok, that’s how to get someone’s undivided attention. Slide 1 Do It! ...more
RSK: I like this one...simple model...we make money.
Ken Notes: I may be in love with these guys....
Offering real estate services and design-build construction solutions for growth oriented clients... ...more
Here’s something to think about as you carry your lunch from the kitchen to your desk. A new research paper
shows evidence that hand dryers generate invisible “bacterial highways
inside buildings. The study builds on other recent research about how
these devices suck up and disperse contaminated air, suggesting that
these germs go on a much longer airborne journey from Paula’s favorite
bathroom near accounting to, say, the coffee machine in engineering’s
open kitchen... ...more
RSK: Just an FYI...paper towels may be a better alternative...then again not.
Two story office Building with 15,360 square foot floor plates.
High parking ratio: 6 per 1,000 sf. Located in The American Center, this
building offers excellent exposure form 90/94/39....
Ben Hurd ...more
IA Management LLC - HC
Mobile Phone: 608-213-3106
Thanks you for sponsoring CIREX and Cirexnews.com ...more
Ruedebusch Development & Construction, Inc. is a highly qualified,
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Commercial Real Estate Development
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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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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.
Expect Professional Management with a Personal Touch
with every T. Wall Urban Village.
(608) 575-1018 or Contact@TWallEnterprises.com ...more