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THIS PAGE CONTAINS 4 WEEKS DATA - CLICK HERE FOR THIS WEEK


CIREXNEWS - CRE AND INVESTMENT NEWS
CLICK TO VIEW ONLINE...

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This Week - Notes - Search - Index - Share

Ralph Kamps
Editor CirexNews

608.345.2880

                Ken Harwood
Publisher CirexNews
608.334.2174


THIS WEEKS ARTICLES FOR 5/28/2024 ...

 1.  Northeast Area Plan...
 2.  5 Top Tenant Amenities for 2024 and How to Choose the Right Ones...
 3.  Innovative Window Technologies Are Slashing Energy Use and Carbon
     Emissions...
 4.  Macy`s Culling of Its Real Estate Leads to Higher Sales and Profit
     Expectations ...
 5.  Florida’s 125% Surge in Property-Insurance Bills Sows Havoc...
 6.  Global Wellness Real Estate Spending Estimated To Reach Nearly $1 Trillion
     by 2028...
 7.  Is Big Pharma’s Patent Cliff A Launchpad Or Fall-Off For Lab Real Estate?
     ...
 8.  `More Skin In The Game`: 2 Power Utilities Want Data Centers To Foot The
     Bill For Billions In Grid Upgrades ...
 9.  The Music Has Stopped For Once-Booming Real Estate Crowdfunding Platforms
     ...
 10. Facial Recognition Is Only the Beginning of AI in Access Control...
 11. Malls Have Come Back From The Pandemic And The Retail Apocalypse That Never
     Happened ...
 12. Red Lobster Real Estate Fallout...


NEW PROPERTIES



BUILDING FOR LEASE ACTIVE
W. GILMAN AND STATE STREET
422 W GILMAN ST, MADISON, WI 53703


LAND FOR SALE ACTIVE
19 ACRES DEVELOPMENT LAND TOWN OF BURKE
WI-19, SUN PRAIRIE, WI 53590



PROPERTIES, PROFESSIONALS AND SPONSORS


   ...Full Story Here

Cirex News is emailed weekly to over 2,000 CRE Brokers/Agents and people
interested in commercial real estate. Email Ralph or call 608-345-2880 to
feature your business or properties in CirexNews...




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NORTHEAST AREA PLAN

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NORTHEAST AREA PLAN


NORTHEAST AREA PLAN PUBLIC REVIEW DRAFT EVENTS!

The public review draft for the Northeast Area Plan is here! Read the draft in
its entirety or browse plan summary display boards.  Please provide feedback by
June 17th.
 
A compilation of frequently asked questions, based off of questions and comments
received online, via email, and in person, has also been prepared. You can also
review a feedback summary as of May 2024. 
  
We invite you to participate at one of the several events that are scheduled to
review and discuss the draft with project staff:
 
Virtual meetings


May 29 @ 12:00 pm (register)


   ...Full Story Here

RSK: If you have not already checked out Madison`s NE Plan here is the link.
City is looking for comments.



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ARTIS REIT / MADISON LIFESTYLE OFFICE PORTFOLIO

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WATCH THE VIDEO HERE!


Deming Park Building

One Financial Place

Wisconsin Trade Center

Greenway Building

8383 Greenway Madison, WI

Brochure

8333 Greenway Blvd
Middleton, WI
708 Heartland Trail, Madison, WI
525 Junction Rd, Madison, WI


SEE ALL LISTINGS HERE...

   ...Full Story Here
Madison Lifestyle Office Portfolio comprises 14 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.



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5 TOP TENANT AMENITIES FOR 2024 AND HOW TO CHOOSE THE RIGHT ONES

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WHAT TYPES OF AMENITY SPACES ARE OFFICE TENANTS EXPECTING TODAY? WE EXPLORE
2024’S TOP BELLS AND WHISTLES AND HOW TO DETERMINE WHAT MAKES SENSE FOR YOUR
BUILDING.

Tenant amenities are more important than ever in the effort to bring employees
back to office spaces. Driven by requests from tenants, owners are looking for
opportunities to strategically upgrade office buildings in ways that will drive
foot traffic.

“Different tenants are asking for different amenities, but the common thread is
that they want their employees surprised by how robust the amenity package is,”
...


...These five amenity ideas have proved popular in recent years. Could one of
them be a fit for your building?


> 1. PICKLEBALL COURTS
> 2. GYMS AND HEALTH SERVICES
> 3. COMMON CONFERENCE AND COWORKING SPACE
> 4. OUTDOOR AREAS
> 5. SNACKS AND FOOD OPTIONS


...WHAT AMENITIES ARE BEST FOR YOUR BUILDING?...

   ...Full Story Here

RSK: The lines between home and office are becoming blurred. Will it work? The
two amenities I see missing are addressing the commute such as having flexible
start hours so employees can bypass the rush hour) and child care on premise or
really close by.



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ABSTRACT COMMERCIAL REAL ESTATE LLC

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219 E Main St,
Mount Horeb, WI

5955 McKee Rd,
Fitchburg, WI
640 University Ave
Madison, WI

704 Williamson St
Madison, WI
5955 McKee Rd, Fitchburg, WI
638 University Ave
Madison, WI





SEE ALL LISTINGS HERE...


HEATHER EWING
ABSTRACT COMMERCIAL REAL ESTATE
YOUTUBE / PODCAST / VIDEO


   ...Full Story Here




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INNOVATIVE WINDOW TECHNOLOGIES ARE SLASHING ENERGY USE AND CARBON EMISSIONS

--------------------------------------------------------------------------------

Earlier this year, the U.S. Department of Energy (DOE) launched a competition
aimed at advancing energy-efficient window technology. The DOE competition is
looking for entries with the most innovative secondary glazing system for
windows and is offering a $2 million prize. In a time when the terms
sustainability and energy efficiency are constantly thrown around, this latest
initiative from a federal government agency doesn’t come as a surprise. But the
focus on windows in particular is notable, as most of the attention toward
greener buildings has been put on technology around heating and cooling systems.
But windows are a major part of a building’s facade and are key to increasing
energy efficiency, and new innovations in the space could be a big opportunity
for owners looking to increase building performance.


By now, most people know that buildings account for around 40 percent of carbon
emissions. Windows, in particular, are responsible for 8.6 percent of energy use
in buildings, and they influence end uses that makeup around 43 percent of
building end use, according to the DOE. According to recent research from the
agency’s Building Technologies Office, if window performance is improved, the
country’s annual energy use could be reduced by 1.7 percent, and CO2 emissions
could drop by 1.9 percent in 2050...




   ...Full Story Here

RSK: Replacement windows are very expensive....doing it right the first time is
a definite benefit. With some solar technology gaining traction it might be a
reliable secondary source in certain climates. The main thing is better windows
help negate the #1 leakage of energy in a building...plus the sound insulation
is so much better...



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THE GIALAMAS COMPANY, INC.

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8150 Excelsior Dr
Madison, WI

8040 Excelsior Dr
Madison, WI
1289 Deming Way
Madison, WI

8025 Excelsior Dr
Madison, WI
8030 Excelsior Dr
Madison, WI
1200 John Q Hammons Dr
Madison, WI
1241 John Q Hammons Dr
Madison, WI


1255 Fourier Dr
Madison, WI
8000 Excelsior Dr
Madison, WI
918 Deming Way
Madison, WI
8020 Excelsior Dr
Madison, WI


SEE ALL LISTINGS HERE...


   ...Full Story Here

The Gialamas Company`s premier development. The park has over 57 buildings
containing 200+ companies, occupying over 3.0 million square feet.



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MACY`S CULLING OF ITS REAL ESTATE LEADS TO HIGHER SALES AND PROFIT EXPECTATIONS

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RETAILER`S INVESTING IN 50 NAMESAKE STORES AND CUTTING ELSEWHERE SHOWS PROMISE,
ANALYST SAYS

Macy`s has raised its sales and earnings expectations for the year as it
reported initial progress in its turnaround plan of investing in promising
namesake stores and closing low-performing locations.

The New York City-based retailer said the first quarter of fiscal 2024 showed
its turnaround strategy is gaining traction with customers. Macy`s launched the
strategy in February after it decided to close a handful of stores as part of a
broader plan to shut 150 locations in the next three years to cut costs and
generate up to $750 million from property sales. The company plans to invest in
the 350 Macy`s stores it plans to keep open with sales at the first 50 stores
where the investment was made performing better than other locations.

The retailer has not publicly disclosed the addresses of the 150 namesake stores
it plans to shut, but locations that serve as mall anchors in California,
Florida, Hawaii, Virginia and Georgia have been slated for closing...




   ...Full Story Here

RSK: ANother example of a once major retailer which owns most of its real estate
looking to sell to expand...could be a slippery slope like Sears and Red
Lobster. So much value in their RE holdings.



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KEY COMMERCIAL REAL ESTATE, LLC

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8 S Carroll St
Madison, WI

6230 University Ave
Middleton, WI
114 E Main St, Waunakee, WI

822 E Washington Ave
Madison, WI
Aventine
1958 Atwood Ave, Madison, WI

Market No. 5
841 W Verona Ave, Verona, WI

313 E Johnson St, Madison, WI

401 Charmany Dr
Madison, WI


SEE ALL LISTINGS HERE...


   ...Full Story Here




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FLORIDA’S 125% SURGE IN PROPERTY-INSURANCE BILLS SOWS HAVOC

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(Bloomberg) -- For Filicia Porter, the insurance bills were the final straw.
They’d been climbing steeply for her assisted-living business as Florida was
battered with ever more-powerful storms, and eventually, the numbers stopped
adding up.


So in March, she finally decided to call it quits, shutting the facility near
Palm Beach that she opened just two years ago. That came four months after she
closed an older location in Port St. Lucie, opened in 2017. Together, they left
a dozen residents scrambling to find another place to live...
   ...Full Story Here

RSK: The rates are becoming a drain on the bottom line. Some insurance companies
are pulling out of certain areas....that is a problem...



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RASCW EVENTS

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MALLARDS GAME FUNDRAISER FOR RASCW HOUSING FOUNDATION

WEDNESDAY, JUNE 12, 2024 (5:00 PM - 9:00 PM) (CDT)


DESCRIPTION

Join us for a fun summer evening with the Madison Mallards baseball team and to
help raise money for the RASCW Housing Foundation, which works to increase
affordable housing in our communities. All net proceeds will go to the
Foundation!...
   ...Full Story Here




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INVESTORS ASSOCIATED

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4901 Eastpark Blvd

2323 Crossroads Dr

2310 Crossroads Dr

2418 Crossroads Dr

5201 Eastpark Blvd
Madison, WI
5325 Wall St
Madison, WI
2128 City View Dr
Madison, WI
5310 Wall St
Madison, WI
2801 Crossroads Dr
Madison, WI

5315 Wall St
Madison, WI



SEE ALL LISTINGS HERE...

   ...Full Story Here
One area of expertise for Investors Associated is first class property
management. To keep our properties running smoothly, we focus on the little
things with the big picture in mind. Our team is comprised of a group of
individuals that oversees the day-to-day operations such tenant retention, lease
negotiations and property maintenance costs. Bottom line, if you’re not happy,
we’re not happy! Check out our properties today and see why you should lease
with us.



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GLOBAL WELLNESS REAL ESTATE SPENDING ESTIMATED TO REACH NEARLY $1 TRILLION BY
2028

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GROWTH OUTPACES OVERALL CONSTRUCTION INVESTMENT IN PAST FIVE YEARS, STUDY FINDS

As developers pitch fitness centers, outdoor terraces and other features to
attract tenants and residents, estimated global spending on the construction of
wellness-related real estate could more than double to nearly $1 trillion by
2028.

Spending on homes and buildings, from office and residential to hospitality and
medical properties, that are “proactively designed and built to support the
holistic health of” their occupants, is expected to reach $913 billion in 2028
from $438 billion in 2023, according to the Global Wellness Institute. The
nonprofit announced the findings Tuesday at a wellness in real estate symposium
hosted at JPMorgan Chase’s global headquarters at 383 Madison Ave. in New
York...


 

   ...Full Story Here

RSK: Wellness Real Estate....another emerging sector or just a part of existing
ones. Time will tell...



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CARW 2023 EVENTS AND RESOURCES

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CCIM/SIOR GOLF OUTING


JUNE 3 @ 10:30 AM - 6:00 PM

   ...Full Story Here

Ken Notes: Thank you Tracy Johnson President and CEO of CARW for keeping me in
the loop.



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MADISON COMMERCIAL REAL ESTATE LLC

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2814 PERRY ST, MADISON




1909 W COURT ST, JANESVILE




COMMERCE ST, LAKE DELTON




2202 W BADGER RD, MADISON








SEE ALL LISTINGS HERE






   ...Full Story Here




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IS BIG PHARMA’S PATENT CLIFF A LAUNCHPAD OR FALL-OFF FOR LAB REAL ESTATE?

--------------------------------------------------------------------------------

Life sciences real estate has clung to signs of resurgence in recent quarters,
including a small uptick in venture capital funding and the thus far unanswered
hope for interest rate reductions.

But there’s still faith in one potential savior: Big Pharma’s patent cliff,
expected to create a surge of investment in mergers and acquisitions.  


The patent cliff, when blockbuster drugs lose patent protection and generic
alternatives take market share, will eat into profits for all large global
pharmaceutical firms. Yet it will also give them plenty of reasons to invest in
mergers and acquisitions to pick up promising new treatments to fill their
pipelines. And this rush of investment could turn into “a perfect storm” for
M&A, according to JLL...




   ...Full Story Here

RSK: This could be a mini boom for Lab Space in the Madison area...such as Sara
Investments Velocity Station on Odana Rd.



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KNIGHT BARRY TITLE GROUP

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                       608-255-2700  www.KnightBarry.com

   ...Full Story Here
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



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`MORE SKIN IN THE GAME`: 2 POWER UTILITIES WANT DATA CENTERS TO FOOT THE BILL
FOR BILLIONS IN GRID UPGRADES

--------------------------------------------------------------------------------

Electric utilities across the U.S. have been spending billions to keep up with
skyrocketing energy demand from data centers. Now, two of the country’s largest
power providers are taking steps to ensure data center operators pay their fair
share.

AEP Ohio and North Carolina-based Duke Energy this month have both proposed new
electricity supply contract terms specifically for data centers.

The proposals are designed to ensure that homeowners and other ratepayers don’t
get stuck holding the tab for billions of dollars in new transmission
infrastructure and power plants being built to meet surging demand from data
centers.

These proposed agreement structures, the first of their kind, reflect the
significant risks faced by power providers contending with ballooning pipelines
of demand from new data center projects amid an artificial intelligence-driven
digital infrastructure boom...







   ...Full Story Here

RSK: Utilities can not expand their grid and megawatts on speculation, it is too
cost prohibitive. The option is to become a partner in the developments and/or
have a minimum usage for the data centers...



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ST. JOHN PROPERTIES

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6504 Ronald Reagan Ave, Madison, WI

Madison East Business Center
4602 S Biltmore Ln, Madison, WI

4602 S Biltmore Ln
Madison, WI







SEE ALL LISTINGS HERE...

   ...Full Story Here




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THE MUSIC HAS STOPPED FOR ONCE-BOOMING REAL ESTATE CROWDFUNDING PLATFORMS

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John Austin, a retired life insurance salesman in Kansas with eight
grandchildren, was looking to boost his retirement savings three years ago.
That`s when he invested $50K in a $166M Columbus, Ohio, development through an
online real estate crowdfunding platform.

He was one of hundreds of thousands of small-time investors who funneled money
into crowdfunded projects in 2021 and 2022, when near-zero interest rates made
real estate deals look like guaranteed moneymakers.


Instead, many of those investments are at risk of being completely wiped out...




   ...Full Story Here

RSK And it is not just the office sector that has gone bust for crowd funding.
Some retail and apartment sectors have lost any idea of a return as mortgage
notes came due and interest rates doubled on the refinancing....more trouble
ahead before this all levels out...



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REINHART

--------------------------------------------------------------------------------


Milwaukee: 414.298.1000
Madison: 608.229.2200
Waukesha: 262.951.4500

   ...Full Story Here

With the largest Real Estate Practice of any law firm in Wisconsin, Reinhart
offers clients custom-tailored real estate insight.



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FACIAL RECOGNITION IS ONLY THE BEGINNING OF AI IN ACCESS CONTROL

--------------------------------------------------------------------------------

Facial recognition used to be a subject for science fiction novels, but now it
has become commonplace. We are as accustomed to our phones identifying us by our
faces as we were to using our fingerprints in previous versions of smartphones.
Facial recognition is also being used on a much larger scale. China has been
using facial recognition for years to track its citizens’ behavior for its
controversial social credit system. Concert venues have also been using it to
identify possible security threats. France plans to use facial recognition to
help keep the millions of people attending the Olympic Games safe this summer.

There has been pushback against the use of facial recognition, particularly in
public places and by police departments. Microsoft has even banned police
departments from using its Azure Open AI Service for facial recognition. Despite
the emotionally charged issue of facial data being stored and used by
authorities, facial recognition is only the beginning of what AI can do with
computer vision.


As AI becomes more powerful at identifying patterns, it is increasingly capable
of using other “behavioral biometrics” to identify people...




   ...Full Story Here

RISK: It will become more spooky as time goes on....this is in its infancy.
There will be good and bad that comes out of AI!



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WISCONSIN COMMERCIAL REAL ESTATE

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75 Gasser Rd
Wisconsin Dells, WI
4711 Farwell St
McFarland, WI
808 Industry Rd
Sauk City, WI
426 Gammon Pl
Madison, WI







SEE ALL LISTINGS HERE...

   ...Full Story Here




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MALLS HAVE COME BACK FROM THE PANDEMIC AND THE RETAIL APOCALYPSE THAT NEVER
HAPPENED

--------------------------------------------------------------------------------

If doomsday post-pandemic predictions of malls and physical retail driving down
a one-way road to oblivion were to be believed, Cafaro co-President Anthony
Cafaro should not have a business, let alone come back from industry jamboree
ICSC RECon in Las Vegas fresh and full of confidence about the future.

Cafaro is at the helm of a 40-center portfolio for an Ohio-based company that
has been in the retail property business for 75 years. And while his world has
changed dramatically in the past decade, it has not disintegrated, as many
predicted.


“Certainly the industry has changed since our founding,” he reflected. “Nobody’s
building a million-square-foot mall anymore, and that’s okay. We’re continually
evolving to make our centers succeed.” ..




   ...Full Story Here

RSK: Yes....whatever happened to the retail apocolypes? I had stated the online
would be important but brick n mortar would not go away. Both become an omni
channel for goods. Gone are the mega malls and smaller well located ones are
prevailing.



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PARK TOWNE REALTY LLC

--------------------------------------------------------------------------------








7031 River Rd
DeForest, WI
402 Gammon Pl
Madison, WI
6730 Odana Rd
Madison, WI
1117 River Rd
DeForest, WI



6808 Odana Rd
Madison, WI


SEE ALL LISTINGS HERE...

   ...Full Story Here




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RED LOBSTER REAL ESTATE FALLOUT

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America’s most well-known seafood restaurant has announced that it has filed for
Chapter 11 bankruptcy. Red Lobster, founded in 1968 in Florida, grew to have
more than 700 locations at its peak. Now, the brand is bankrupt. One of the main
reasons for the chain’s struggles is its handling of real estate, not the $11...



   ...Full Story Here

RSK: I have said many times that the value of certain companies is with their
real estate and their locations. Sears is another example. Once that is gone,
the value drops considerably...



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FOOD FIGHT

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Food Fight is a locally owned and operated restaurant group with an ever-growing
family of unique and diverse restaurants in the greater Madison area. Founded in
1994 by Monty Schiro of Monty’s Blue Plate Diner and local real estate investor
Peder Moren, Food Fight Restaurant Group combined their creative vision and
business sense with a mission of providing the best possible service and
experiences for the greater community.



FOOD FIGHT GIFT CARDS MAKE A GREAT GIFT FOR ANYONE

Gift cards can be redeemed at all of our restaurants for dine-in visits or
call-in carryout orders, and they never expire   ...Full Story Here




--------------------------------------------------------------------------------


MULLINS GROUP LLC

--------------------------------------------------------------------------------





2 E Mifflin St
Madison, WI
22 E Mifflin St
Madison, WI
152 W Johnson St
Madison, WI
1400 E Washington Ave, Madison, WI
10 W Mifflin St
Madison, WI





SEE ALL LISTINGS HERE...









   ...Full Story Here




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PROPERTIES FOR LEASE OR FOR SALE BY COMPANY

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ABSTRACT Commercial Real Estate LLC

The Gialamas Company, Inc.



Artis Reit

Key Commercial Real Estate, LLC

Madison Commercial Real Estate LLC


St. John Properties

IA Management, LLC

Wisconsin Commercial Real Estate


Park Towne Realty LLC

Mullins Group, LLC




CROWN
COMMERCIAL


Flad Development & Investment Corp.

Evans Properties, LLC

Keller Real Estate Group

MIG Commercial Real Estate, LLC

First Weber Group, Inc - West Towne

Opitz Realty, Inc.
First Weber Group, Inc - Prairie Du Sac

Peterson Management Company Inc.

The Lenhart Company, Inc

Scott Faust & Associates

Shamrock Real Estate Services, LLC

Targa, Inc




EXECUTIVE MANAGEMENT, INC







Stark Commercial - East

Urban Land Interests

Slinde Realty Company




ASSIST-2-SELL/POHLKAMP & ASSOCIATES




Berkshire Hathaway Home Services Matson Real Estate


Artisan Graham Real Estate








HOVDE & HOVDE, INC


BETTY THOMPSON REALTY



   ...Full Story Here




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ABOUT CIREXNEWS.COM

--------------------------------------------------------------------------------

Ralph Kamps
Editor CirexNews
608.345.2880


Ken Harwood
Publisher CirexNews
608.334.2174



Cirex News is emailed weekly to over 2,000 CRE Brokers/Agents and people
interested in commercial real estate. It is online at CirexNews.com. All of our
articles are archived and searchable. So a search for "opportunity zone" will
bring up dozens of articles on the subject.


Online - Titles Only - Search - Index - Share


In our weekly News & Views you can promote your clients properties and your
services

call 608-345-2880 for details...

   ...Full Story Here




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