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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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 The city of Madison
is continuing its efforts to create more housing with another round of
initiatives, unveiled by Mayor Satya Rhodes-Conway, members of the
Common Council and several community groups on Tuesday . Three new proposals will be introduced on Sept. 16, and two additional proposals are scheduled for consideration in October. The
new slate of proposals will make it easier to build smaller, more
affordable homes and simplify the permitting process to create more
housing opportunities across Madison. Proposals to be introduced on Sept. 16 will: Increase the maximum allowed heights in height transition areas; Make adjustments to lot area, lot width and alley attached garage rear setback minimums; and Allow two accessory dwelling units in a detached building and simplify accessory structure rules.
Proposals to be introduced in October will: A
public meeting will be held virtually on Sept. 30 for residents to
learn more about the proposals. More information about the initiatives
being introduced in October will be available in the coming weeks...
...Full Story Here
RSK: Good ideas but a drop in the bucket I am afraid. And to put it simply, builders won`t build if they are going to lose money and buyers will not buy or rent if they cannot afford it.
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  Colliers| Wisconsin offers clients in the Wisconsin market, expertise in every property type. Wisconsin’s Colliers office offers a comprehensive portfolio of real estate services to occupiers, owners and investors on a local, regional, national and international basis, including: Brokerage Services, Corporate Solutions, Property Management and Valuation & Advisory Services. Colliers is the third-largest commercial real estate services company in the world, with over 12,300 professionals operating out of more than 522 offices in 62 countries.
...Full Story Here
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 Middleton restaurant has been open for more than 40 yearsThe Middleton Chinese restaurant Imperial Garden and an
adjacent Asian grocery store would be razed if a plan to construct a
195-unit mixed use housing development along University Avenue proceeds.
The development, which Sanford Enterprises Inc., a real estate
business acting as a consultant on the project, calls “Imperial,” would
comprise two buildings, according to a letter of intent
submitted Sept. 9 to the Middleton Plan Commission: a 10-story
residential condominium projected to have to have four penthouses, six
townhouses, 75 two-bedroom apartments and 51 one-bedroom apartments; and
a five-story apartment building with 23 two-bedroom apartments and 36
one-bedroom apartments... ...Full Story Here
RSK: Great location. Used to frequent Imperial Gardens. Seems like an ambitious plan but good luck to all involved. Need a developer to come forward and take action and move this forward.
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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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 The return-to-office orders have taken on new weight amid a softening labor market and broader economic anxiety.A lot can change over the course of five years — especially if they
happen to follow a norm-shattering, once-in-several-generations
pandemic.
In the white-collar workplace, the pandemic meant a sudden shift to
remote work. And just as the world started to return to normal with the
arrival of COVID vaccines, companies and their employees entered a cold
war over return-to-office mandates. Now, five years out, the work-from-where debate is reaching a fever
pitch. Earlier this year, corporate giants such as Amazon and JPMorgan
Chase — as well as much of the US federal government — ordered employees
to return to the office a full five days a week. More recently,
Paramount and Novo Nordisk have declared an end to remote work, while
Microsoft and NBCUniversal beefed up their hybrid work requirements....
RSK: Excellent article regarding the state of Return To Office (RTO) vs Work From Home (WFH)
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Need to sublet extra office space?Let our years of experience help you find relief from this excess space and help your bottom line" Call Ralph Kamps 608-345-2880
6330 Copps, 100 State, 2537 Daniels St
...Full Story Here
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 The Alexander Co. on Wednesday announced that its Riverhavn development will move forward following the Stoughton Common Council’s recent approval of a development agreement. Situated along the Yahara River across from Mandt Park, Riverhavn will be designed as a modern community. In
a public-private partnership with the Stoughton Redevelopment
Authority, the development will be constructed in two phases and offer
up to 250 apartments.... ...Full Story Here
RSK: Good concept and many needed housing units. Not sure about the design myself but that`s just me. A bit too bland looking.
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 CARW Deal of the Year
October 22
4:00 pm - 7:30 pm
The Grain ExchangeThe Deal of the Year Awards & Annual Meeting recognizes the most notable commercial real estate professionals and transactions in Wisconsin. The awards event was created to highlight accomplished CARW REALTOR® members who have displayed exceptional achievement in sale and/or lease transactions.... Schedule:
4:00-5:00 p.m. – Registration & Networking – Cocktails & Hors d’oeuvres
5:00-6:15 p.m. – Program & Awards
6:15-7:30 p.m. – Happy Hour – Cocktails & Hors d’oeuvres
...Full Story Here
Ken Notes: Thank you Tracy Johnson President and CEO of CARW for keeping me in the loop.
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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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A dip could be on the way, according to NAIOP
Amid the current slowdown, occupiers are adjusting their operational
strategies, resulting in a measured deceleration of industrial
absorption at a national level.
However, this cautious moderation won’t drag absorption in the red,
though admittedly it’s not slated to be far off. Absorption is on track
to reach 2.8 million square feet nationally during the second half of
2025, according to the latest NAIOP Industrial Space Demand Forecast, albeit the last quarter is set to compensate for the sluggishness of summer and early fall.
The NAIOP forecast model bakes in variables such as lagged net absorption, real GDP growth, inflation and output gaps, monetary policy, as well as seasonal and structural effects... ...Full Story Here
RSK: Although industrial leasing has subsided some, it is still going steady. Reason? New spec construction has slowed.
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With the largest Real Estate Practice of any law firm in Wisconsin, Reinhart offers clients custom-tailored real estate insight.
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 Chicago has the most groups on the list, but other cities are growing fastThe United States Census Bureau defines 12 states as Midwestern: Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin.
With a total population of about 69.6 million, they accounted for 20.5% of the U.S. population in 2024, down slightly from 20.8% in 2020 and 20.6% in 2023...
...Full Story Here
RSK: Our own Food Fight Inc. is #21
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 Massive warehouses were all the rage when Eastern Pennsylvania bulked up to accommodate the pandemic e-commerce boom. As demand for those behemoths has cooled off, a different industrial sector has taken its place on tenants’ wishlists. Businesses across the region are clamoring for shallow-bay warehouses and other small industrial buildings, but elevated construction, land and entitlement costs mean new builds aren’t penciling, even in the face of soaring rents. “There’s definitely an opportunity there for real estate developers to satisfy the demand that exists for small bay,” KBC Advisors broker Brian McCurdy said. “We know that tenants are looking for it.” They aren’t having an easy time finding it... ...Full Story Here
RSK: Yes, there is a huge demand for small bay warehousing, but little is available. With construction costs so high, the rents developers would have to charge would not be sustainable for tenants. Maybe the answer is converting some of the larger spaces to smaller bays.
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For over 45 years, The Gialamas Company has brought real estate development, brokerage, leasing and building management expertise to the City of Madison and the State of Wisconsin.
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 Cottonwood has closed a $1 billion real estate “special situations”
fund aimed at buying troubled commercial properties at a time when
distress is spreading. Delinquency rates in commercial mortgage backed
securities have climbed past seven percent this year, with office loans
nearing eleven percent. The combination of refinancing challenges and
weaker demand is creating the kind of market Cottonwood was waiting for. The
broader trend is clear. Rising defaults are not just confined to office
but are also hitting retail and lodging, sectors still struggling to
regain pre-pandemic footing. Each uptick in delinquency expands the pool
of assets likely to be re-priced, giving opportunistic capital new
targets... ...Full Story Here
RSK: If these delinquent loans are going to forec;osure, there will be opportunity for all that cash investors are holding on to.
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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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 Starting Wednesday, September 17th at 7:00am, Parisi Construction
will close Mid Town Road, between the Marty Road/Mid Town Road
intersection to the S Gammon/Mid Town Road intersection, to facilitate a
City of Madison water main installation project During the closure, traffic will be detoured using Raymond Road. The
street will reopen to normal conditions the Wednesday, October 8th.... ...Full Story Here
RSK: This will be a major traffic disruptor, but it will hopefully, all be worth it when completed.
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 Webinar: Economic Outlook 2025
What Real Estate Professionals
Need to KnowThursday, October 16, 2025
(9:30 AM - 10:30 AM) (CDT)
Description Webinar: Economic Outlook 2025 – What Real Estate Professionals Need to Know Featuring Dr. Lawrence Yun, Chief Economist, NATIONAL ASSOCIATION OF REALTORS® Join us for an exclusive webinar with one of the nation’s most respected voices in real estate economics—Dr. Lawrence Yun, Chief Economist at the NATIONAL ASSOCIATION OF REALTORS®...
...Full Story Here
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The next wave of flex work blends offices, travel and lifestyle
into one seamless experience, according to President Anna Squires
Levine.For today’s employees, flexibility is a default expectation, as the
lines between their home, office and workspaces continue to blur. For
employers, this new reality isn’t just about space efficiency, but also
about unlocking productivity by giving teams the autonomy to choose
where they work best. Industrious has picked up on this trend and has started tailoring its
remote workspaces to cater to those who want to work even while
travelling or commuting. In partnership with Brightline,
the company launched on-the-go workspaces in train stations earlier
this year. “All these moves reflect a broader shift in how people think
about work,” said Industrious President Anna Squires Levine. “It’s more
than just a location. It’s also a service that supports the way we
live.”...
...Full Story Here
RSK: Flex office space is still gaining traction and looking for new locations where they can serve office workers on the move.
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 U.S. Rep. Alexandria Ocasio-Cortez requested a study on the impacts of the rapid development of data centers on consumer utility bills. Ocasio-Cortez announced that the appropriations bill included her request after the House passed its fiscal year 2026 Energy and Water Appropriations Act, she announced in a Thursday release. In April, Ocasio-Cortez and Rep. Kathy Castor wrote a letter to the Committee on Appropriations asking to include the study in the bill. Ocasio-Cortez laid out two possible solutions to the problem: load flexibility and demand response programs to minimize the impacts of new data centers. The programs could help temporarily reduce electricity consumption during peak demand periods by using on-site generators, shifting workload to other facilities or scaling back operations to prevent blackouts... ...Full Story Here
RSK: You know my take on this...Data Centers should pay the bulk of the increases in utility usage.
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8 S Carroll St
Madison, WI
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6230 University Ave
Middleton, WI |
114 E Main St, Waunakee, WI
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822 E Washington Ave
Madison, WI |
Aventine
1958 Atwood Ave, Madison, WI
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Market No. 5
841 W Verona Ave, Verona, WI
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313 E Johnson St, Madison, WI
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401 Charmany Dr
Madison, WI
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...Full Story Here
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Fermi, the energy-focused REIT co-founded by former U.S. Energy Secretary Rick Perry, just filed for an IPO as it prepares to build a massive data center and power infrastructure campus near Amarillo, Texas. The nearly 6,000-acre “Hypergrid” project promises up to 11 gigawatts of mixed energy, including nuclear, gas, solar, and battery capacity. The goal is to bring its first gigawatt online by 2026. As the dust settles on that headline, it’s worth remembering that for hyperscale data center developers, access to reliable, high-capacity power isn’t just a nice-to-have—it’s everything. Eighty-four percent of data center executives rank energy access among their top three site selection criteria. In many markets, land is abundant. What’s scarce is power that can handle racks of GPUs humming 24/7, with consistent interconnection and minimal delays...
...Full Story Here
RSK: CRE agents...we may be better off chasing the best power grid rather than the data center brokers themselves. Gigawatts are more valuable than land at the moment.
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 Food Fight Gift Cards...
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.
 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
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Microsoft will begin requiring employees to work in the office at least three days a week starting in early 2026, beginning at its Puget Sound headquarters and rolling out nationwide before reaching international teams. Executives frame the move as a push for collaboration and cultural connection rather than downsizing. The scale of Microsoft’s office holdings makes this especially notable. Its Redmond campus alone covers more than 500 acres with over 8 million square feet across 80-plus buildings, making it one of the largest corporate campuses in the world. On top of that, Microsoft maintains sizable offices in New York, Atlanta, Silicon Valley, and major international markets like London, Beijing, and Hyderabad—where it just leased an additional 264,000 square feet for AI development. In total, the company operates in over 120 countries with hundreds of office locations, a reminder that its real estate presence is as global as its products....
...Full Story Here
RSK: ANother good sign for the office sector. RTO is gaining momentum and the trickle down effect is happening.
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 When most people hear the word microbiome, they think about the
trillions of microorganisms that live inside the human gut. But microbes
exist everywhere, not just in our bodies. Every environment, from a
forest floor to the walls of a high-rise, hosts its own invisible
ecosystem of bacteria, fungi, and viruses. Buildings, with their sealed
windows, complex HVAC systems, and constant flow of people, create
particularly unique microbial communities. These communities shift with
the seasons, the density of occupants, and even the cleaning products
used. In ways that science is only beginning to understand, these
microbiomes can influence both human health and building performance. The idea that the built environment has a microbiome is changing how
researchers think about indoor air quality. For decades, building
systems have been tuned to regulate temperature, humidity, and energy
efficiency, often by sealing spaces tight. While effective for
conserving energy, these strategies also trap air and alter microbial
diversity, sometimes concentrating pathogens or allergens. The question
is no longer whether microbes are present in our offices, but which ones
are there, how they interact, and what that means for the people who
spend their days inside. Tyler Smith, head of Global Lifecycle Solutions
at Johnson Controls, put it simply: “I am really excited about
biosensors.” ...Full Story Here
RSK: They might be making a mountain out of a molehill, but the office microbe can be an important factor.
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The Gialamas Company, Inc.
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Artis Reit
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Key Commercial Real Estate, LLC
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Madison Commercial Real Estate LLC
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St. John Properties
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IA Management, LLC
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Wisconsin Commercial Real Estate
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Park Towne Realty LLC
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Mullins Group, LLC
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Flad Development & Investment Corp.
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Evans Properties, LLC
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Keller Real Estate Group
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MIG Commercial Real Estate, LLC
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First Weber Group, Inc - West Towne
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Opitz Realty, Inc.
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First Weber Group, Inc - Prairie Du Sac
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Peterson Management Company Inc.
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The Lenhart Company, Inc
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Scott Faust & Associates
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Shamrock Real Estate Services, LLC
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Targa, Inc
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Stark Commercial - East
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Urban Land Interests
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Slinde Realty Company
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Berkshire Hathaway Home Services Matson Real Estate
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Artisan Graham Real Estate
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ABSTRACT Commercial Real Estate LLC
...Full Story Here
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 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.
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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