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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


JUNE LEASE ASKING RATES



THIS WEEKS ARTICLES FOR 6/18/2024 ...

 1.  Opinion | As BRT and rezoning advance, recall Paul Soglin’s narrative ...
 2.  We just broke ground on America’s first next-gen nuclear facility...
 3.  `Somebody Lit A Fire`: Interest Rate Stability Reignites Industrial Deal
     Flow ...
 4.  $10B Data Center Campus Kicks Off Near Chicago...
 5.  The ShowingTime Settlement Is Yet Another Blow to MLS Monopolies...
 6.  Outlying Locations Will Have Highest Share of Hotel Room Increases...
 7.  New Jersey Campus`s New Purpose Showcases Biomanufacturing Site Bull
     Market...
 8.  After A Crisis Of Confidence, Data Center Developers Again Put Their Faith
     In Small Nuclear Reactors ...
 9.  Nike Finds a Unique Office Space in a Thriving Los Angeles Tech Hub...
 10. Amazon scraps plan to use fuel cells, powered by natural gas, to run Oregon
     data centers...
 11. Inner Ring Submarkets Lead Multifamily Rent Growth ...
 12. Compass Datacenters Buys 120 Acres Near Phoenix For New Campus ...


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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OPINION | AS BRT AND REZONING ADVANCE, RECALL PAUL SOGLIN’S NARRATIVE

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In my 15 years of writing weekly columns, no topic has touched a nerve quite
like my series on local rezoning and transportation issues this spring.

Never have I received as many heartfelt thanks from both acquaintances and
strangers, in writing and face-to-face. They agree that diluting residential
zoning protections and altering street patterns to favor bus rapid transit and
bicycles are not positive steps for Madison. You speak for us, they tell me, and
they thank me for enduring the blowback.


That blowback has been the most pronounced and personally directed as on any
topic in all those years of writing. I am cast as a selfish, out-of-touch
elitist, even as a racist. Whatever I have written or done before, the critics
see themselves as the true progressives, and malcontents like me deserve scorn.



My sin has been pushing back against zoning changes designed to take rights from
residents, mostly longtime homeowners, and make it easier for developers to
build more and larger apartment buildings on sites that heretofore would be less
accessible to them.

Proponents of the zoning changes, including Mayor Satya Rhodes-Conway and her
allies on the Madison City Council, contend that changing zoning limits is
imperative to accommodating population growth. And, in their view, so is bus
rapid transit, whose fundamental disruption to automobile movement on major
arteries is only now becoming fully understood.

The mayor, council, and outspoken advocates for that vision possess the bully
pulpit these days, and woe unto skeptics like me … and Paul Soglin, the former
longtime mayor...






   ...Full Story Here

RSK: The one article, if you only read one, is this one Madisonians.



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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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RASCW EVENTS

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DESCRIPTION

Escape the chaos of everyday life
and indulge in a self-care journey designed to RESET your balance, REFRESH your
spirit and RESTART with confidence.

 * Registration: 9:00 am DETAILS HERE!
   
 * Live Fully. The secret to getting it all done: 9:30 am Presented by Heather
   Ewing; Founder & CEO of Abstract Commercial Real Estate
 * Mindfulness in Motion: 11:15 am  A gentle beginner`s yoga and stretching
   guided by Marca Calvo; Yoga Instructor & First Weber Real Estate Services
   REALTOR®
 * Lunch: 11:45 am

   ...Full Story Here




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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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WE JUST BROKE GROUND ON AMERICA’S FIRST NEXT-GEN NUCLEAR FACILITY

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Hello from Kemmerer, Wyoming! It’s been just over a year since my last visit,
and I’m blown away by how much has changed.

One of the oldest buildings in downtown Kemmerer—once an opera house—has been
restored and is now home to a mercantile and a bakery. Just down the street, the
owners of the local coffee shop have purchased an 100-year-old building to
expand their operation. A law office has opened, and city officials tell me that
plans are moving forward for new multi- and single-family housing developments.

I’m thrilled to see so much economic growth happening, because Kemmerer will
soon be home to the most advanced nuclear facility in the world. I just left the
groundbreaking ceremony for the first-ever Natrium plant, which will bring safe,
next-generation nuclear technology to life right here in Wyoming. It’s a huge
milestone for the local economy, America’s energy independence, and the fight
against climate change...




   ...Full Story Here

RSK: Hope it comes to fruition. Not explained why it is so much safer than other
nuclear plants but 2030 is a long way away. Things can happen...



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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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`SOMEBODY LIT A FIRE`: INTEREST RATE STABILITY REIGNITES INDUSTRIAL DEAL FLOW

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As interest rates stabilize, investors sitting on mountains of cash are starting
to spend their money, and one sector in particular is enjoying the spoils.

After months of muted transaction volume, industrial loans made a triumphant
comeback during the first few months of the year.


Despite interest rates remaining at a two-decade high of roughly 5.3%, they are
no longer moving. And that alone has been enough to get trades flowing again,
industrial players told Bisnow...




   ...Full Story Here

RSK: Stabilization is a good thing when it comes to interest rates. This just
shows there is an abundance of money out there waiting to be invested in real
estate and the darling seems to be back.



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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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$10B DATA CENTER CAMPUS KICKS OFF NEAR CHICAGO

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THE NEARLY 200-ACRE PROJECT IS TAKING SHAPE ON THE FORMER SEARS HEADQUARTERS
SITE.

Compass Datacenters, of Dallas, has begun work on a hyperscale data center
campus in Hoffman Estates, Ill. The project is taking shape on the nearly
200-acre former Sears headquarters site.

The Chicago-area campus will include five hyperscale data centers and will be
Compass’ first hyperscale campus in Illinois. The firm estimates the project’s
value on completion at about $10 billion in local investment.

Commonwealth Edison, Northern Illinois’s largest electric utility, will provide
infrastructure upgrades for the project, which will include a new onsite
substation that will be energized in mid-2026...




   ...Full Story Here

RSK: Great use for a suburban office property. This baby will need a lot of
electric horsepower to run at full potential...why the need for a substation on
the premises.



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INVESTORS ASSOCIATED

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





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.



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


THE SHOWINGTIME SETTLEMENT IS YET ANOTHER BLOW TO MLS MONOPOLIES

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

Following NAR`s commission-splitting lawsuit settlement, a new antitrust suit
brought by Zillow against two MLSs over their ShowingTime service suggests that
MLSs can no longer exclude competitors. As the real estate industry faces
increasing scrutiny, associations must reconsider their promotion of proprietary
services to avoid further legal challenges...




   ...Full Story Here

RSK: The Wisconsin MLS is Metro MLS located in Wauwatosa and is the largest MLS
in Wisconsin...



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CARW 2023 EVENTS AND RESOURCES

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FOX VALLEY MARKET UPDATE AND PROJECT UPDATE & HAPPY HOUR – PRESENTED BY KELLER


JUNE 27 @ 3:00 PM - 6:30 PM


Join us for this fast-paced event highlighting the latest investments and
commercial real estate updates in the Fox Valley.  Hear from leaders in the
business and economic development space on the driving forces behind the
region’s growth, including innovative industries and strategic partnerships.

Speakers Include:
Scott Lurie – F Street Group
Teresa Knuth – NAI Pfefferle
Charlie Dercks – JRoss
Ryan Scray – RGL Logistics

Where:
Pullmans at Trolley Square
619 S Olde Oneida St, Appleton, WI 54915

When:
June 27th, 2024
3:00 – Registration, networking and bar open
4:00 – Program
5:00 – 6:30 Happy hour, networking and bar open

Cost:
CARW Member $25 | Non-Members $35
Annual sponsors get one complimentary ticket.

   ...Full Story Here

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



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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.



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


OUTLYING LOCATIONS WILL HAVE HIGHEST SHARE OF HOTEL ROOM INCREASES

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

Many areas with the highest share of under-construction hotel rooms compared to
the current total number of rooms are outside major city centers. South and East
San Diego, La Guardia/North Queens, and West Phoenix will have the most
significant hotel room inventory share increase among the nearly 700 submarkets
tracked by CoStar/STR. However, what is driving the growth in these destinations
varies.

In the Southwest, high inventory additions are primarily due to the nation`s
largest hotel developments under construction. Along the East Coast, multiple
hotel projects with diversified hotel product types have contributed to the
increased share of hotel inventory.
   ...Full Story Here

RSK: Hotel expansion is on the rise no doubt. I think part of it is driven by
pent up demand after the pandemic ended. Not sure about business travel but
recreational is hot at the moment.



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KEY COMMERCIAL REAL ESTATE, LLC

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





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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NEW JERSEY CAMPUS`S NEW PURPOSE SHOWCASES BIOMANUFACTURING SITE BULL MARKET

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

A massive repositioning of an office campus in New Jersey tells a larger story
about the rush for biomanufacturing real estate across the country.


MetLife Investment Management recently tapped JLL to reposition and sell a
nearly 1M SF former AT&T campus in Bedminster, believing the best way to move
the 197-acre site is to target biomanufacturing and advanced manufacturing
clients...





   ...Full Story Here

RSK: Obviously certain portions of the lab and life sciences sector are in
higher demand such as the manufacturing of product and not just research. Just
look at Exact Sciences which does R&D as well as manufacturing of their
products. Hope Sara Investments on Odana Rd finds some success soon.



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ST. JOHN PROPERTIES

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







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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AFTER A CRISIS OF CONFIDENCE, DATA CENTER DEVELOPERS AGAIN PUT THEIR FAITH IN
SMALL NUCLEAR REACTORS

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

In recent months, the reports of increasingly dire power constraints facing data
center developers have been accompanied by growing hype around powering data
centers with small nuclear reactors.

Also known as microreactors, an informal distinction based on size, these
reactors range in output from less than a megawatt to 300 MW. They are closer in
scale to the power plant on a Navy submarine than a traditional utility-owned
nuclear power station.


But excitement around small-scale nuclear turned to skepticism and
disillusionment for some in November when a project that was set to be the first
commercial SMR built in the U.S. fell apart amid skyrocketing costs. Many
industry leaders, even those who had been among the most enthusiastic boosters
of the technology, began to publicly walk back their expectations that nuclear
data centers could be near-term answers to the industry`s power challenges...




   ...Full Story Here

RSK: Like I said, data centers are energy hogs and now nuclear reactors are back
in the spotlight.



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


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.



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


NIKE FINDS A UNIQUE OFFICE SPACE IN A THRIVING LOS ANGELES TECH HUB

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

Many U.S. cities have fought to attract tech founders and create thriving
entrepreneurial ecosystems over the years. Some, like the famous Silicon Valley,
have succeeded in doing so. You can tell every time a city wants to try and
replicate the success of the Bay area whenever you hear nicknames for tech hubs
that use the word ‘silicon.’ Cities have gone all-in with these nicknames,
leading to sometimes silly results, such as Silicon Alley in New York City,
Silicon Desert in Phoenix, Silicon Forest in Portland, Oregon, and Silicon
Slopes in Utah.

In Westside Los Angeles, they’ve gone with the colloquial name of Silicon Beach,
an area that’s home to more than 500 technology companies. The Silicon Beach
term is applied to the coastal strip from L.A. International Airport north to
the Santa Monica mountains. It encompasses several neighborhoods, such as Playa
Vista, Santa Monica, Venice, and Culver City. Prominent tech firms like Google,
Hulu, Snapchat, and Facebook have established offices in the area, as have
startups in various industries, from entertainment to health tech to e-commerce.
The result has been a dynamic ecosystem of innovation that also provides a
vibrant cultural scene and a high standard of living.
   ...Full Story Here

RSK: Again this shows the flight to quality, uniqueness and amenities in the
office sector.



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WISCONSIN COMMERCIAL REAL ESTATE

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





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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AMAZON SCRAPS PLAN TO USE FUEL CELLS, POWERED BY NATURAL GAS, TO RUN OREGON DATA
CENTERS

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

Amazon has quietly withdrawn its regulatory application to use natural-gas
powered fuel cells to provide electricity for its data centers in eastern
Oregon.


The Seattle-based company first proposed the Oregon fuel cells in 2022, hoping
to overcome electrical transmission constraints at its data centers in Morrow
County. Amazon proposed using fuel cells from a California company, Bloom
Energy.


Climate watchdogs and environmental advocates raised the alarm, saying the fuel
cells would contribute to climate change and make Amazon a major customer of the
controversial Gas Transmission Northwest pipeline, which runs from British
Columbia to California...

   ...Full Story Here

RSK: I guess you can`t have your cake and eat it too. You want data centers, but
they use astronomical power...which in turn means carbon emissions. So, what is
your choice to power the huge electric consuming centers



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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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INNER RING SUBMARKETS LEAD MULTIFAMILY RENT GROWTH

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

Fewer people may be working full time in Downtown offices, but renter demand has
been keen for living in urban-adjacent neighborhoods that offer walkability and
proximity to entertainment and other amenities. Since Q1 2022, submarkets that
are immediately adjacent to Downtown (so-called Inner Ring submarkets) have seen
annual multifamily rent growth of 3%, outstripping lower-density suburbs and
office-dominated Downtowns. The traditional suburbs have also benefited from
millennials—an urban-inclined generation—forming families and seeking more
space.


Current trends likely have staying power. With more companies requiring
employees to work from the office, at least part of the time, Inner Rings
shorten commuting times, while catering to lifestyle choices that place a
premium on walkability and increased living space...




   ...Full Story Here

RSK: I would have to say this is true in Madison as well...the East and West
Washington corridors...Park Street etc. But Campus seems to reign supreme.



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


FOOD FIGHT

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

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




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


COMPASS DATACENTERS BUYS 120 ACRES NEAR PHOENIX FOR NEW CAMPUS

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

Compass Datacenters has acquired 120 acres for a data center campus in El
Mirage, Arizona, around 20 miles northwest of Phoenix.


Compass purchased the property from logistics real estate firm Dermody
Properties in a $79.3M deal, the Phoenix Business Journal reports. The parcel,
part of Dermody’s 961-acre warehouse and industrial development area known as
the LogistiCenter at Copperwing, is the second in the complex to be sold off for
data center development in as many weeks.

On May 31, Microsoft paid Dermody $258M for 283 acres in El Mirage in a cash
transaction, adding to the 150 acres the tech giant already owns north of the
site, the PBJ reported. Microsoft has already broken ground on data center
projects in the city...







   ...Full Story Here

RSK: I certainly hope they have ta good power grid to run those new data
centers...they are energy hungry.



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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

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




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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