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Ralph
Kamps
Editor CirexNews
608.345.2880
                Ken Harwood
Publisher CirexNews
608.334.2174

"Either you run the day, or the day runs you."
 — Jim Rohn

Commercial Continuing Ed Due
in 3 Months Dec. 15th!!!

Lease Rates October 2026

This Weeks Articles for 10/20/2026 ...

  1. Madison, Sun Prairie pedestrian audits show paths to improvements ...
  2. WHPC to break ground on New Glarus apartment building...
  3. New Hiawatha West line gets funding for design and construction...
  4. Use of NDAs for Wisconsin data centers wider than previously known...
  5. Political Campaigns Have Spent $87M Making Data Centers A TV Villain...
  6. A Kansas data center developer is offering neighbors $1,000 a year to win approval...
  7. NYC Is Building Hotels Again. It May Not Be Enough...
  8. Regulators Reject Proposed Rules For Data Centers On Nation's Largest Grid...
  9. U.S. Office Leasing Volume Lags Historical Norm Despite Recent Recovery...
  10. Class B Office Visitation Settles Into New Normal at 72% of Pre-Pandemic Levels...
  11. Bond Traders Shift Bets Toward Rate Hike After Latest Inflation Data...
  12. Industrial Boomtowns: The U.S. Metros Where Logistics & Warehousing Grew Fastest ...
  13. Amount of Compensation...

New Listing

Building for sale Active
The Offices at Nesbitt
6264 Nesbitt Rd, Fitchburg, WI 53719

Nesbitt Professional Center

Give your business room to thrive in this Class B professional office building on 1.86 acres in Fitchburg's desirable west Madison commercial corridor....
   ...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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Madison, Sun Prairie pedestrian audits show paths to improvements


How can cities become more pedestrian-friendly?

It’s a question dozens of local transportation planners, advocates and residents sought to answer, sometimes in minute detail, as they wandered neighborhoods this month during a pair of “walk and roll” audits in Sun Prairie and Madison.

The audits came as part of the national Week Without Driving initiative, designed to spotlight the opportunities and challenges for non-automotive transportation in communities across the country. Locally, representatives from AARP Wisconsin and the Wisconsin Council of the Blind and Visually Impaired joined planners from the Greater Madison Metropolitan Planning Organization and cities to explore sidewalks and shared-use paths from the perspective of pedestrians.

Armed with clipboards, participants were generally looking for whether their trip was comfortable, safe, functional and interesting, said Zia Brucaya, RoundTrip manager for the Greater Madison MPO...


   ...Full Story Here

RSK: About time....now if people will obey the rules is another question.

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Colliers|Wisconsin


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.

See All Listings Here...

   ...Full Story Here

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WHPC to break ground on New Glarus apartment building


Wisconsin Housing Preservation Corp. will celebrate the groundbreaking of the Prairie Haus Senior apartment building on Oct. 20, at 3 p.m.

Located at 1003 Elmer Road in New Glarus, the $10.8 million development will add 50 mixed-income apartments for adults age 55 and older when it opens in mid-summer 2027.

The three-story development will include 35 one-bedroom and 15 two-bedroom apartments, including 30 market-rate rentals and 20 for low-income households earning up to 60% of the area median income...



   ...Full Story Here

RSK: Not exactly a NORC (naturally occurring retirement center) like the Hilldale area, but you are seeing more of these located in suburbs and surrounding smaller communities.

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The Gialamas Company, Inc.


   ...Full Story Here

We offer the experience, quality and service you deserve, but with the personal attention and dedication that only a family business can provide. We’re not just your landlord, we’re partners in your success.

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New Hiawatha West line gets funding for design and construction


The proposed Hiawatha West Amtrak line connecting Milwaukee and Madison has received a $218 million federal grant for its design and construction, according to a report in the Milwaukee Journal Sentinel.

While the new line will still require about $55 million in state funding, the federal money brings the line, which will include stops in Pewaukee and Watertown, closer to reality.

“We’ve been working hard to build the safe, reliable 21st-century infrastructure needed to support Wisconsin’s growing 21st-century economy and workforce, and we’re excited to move this critical project forward to do just that,” Gov. Tony Evers said in a statement.

Hiawatha West service could start as soon as 2030 with two round trips daily...



   ...Full Story Here

RSK: This will change the value of the real estate near the stations and along the route.

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Madison Lifestyle Office Portfolio



   ...Full Story Here
The Madison Office Lifestyle Portfolio consists of 13 Class A, amenity-rich office properties ranging in size from approximately 25,000 square feet to over 300,000 square feet and is home to more than 130 tenants. The portfolio is located on the west side of Madison and Middleton, with the majority of properties situated in the Far West submarket.

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Use of NDAs for Wisconsin data centers wider than previously known


Wisconsin’s statewide economic development agency has signed at least five nondisclosure agreements with developers of artificial intelligence data centers, adding a previously unknown level of secrecy to the billion-dollar projects.

The Wisconsin Economic Development Corp., a quasi-government state agency, signed one of the NDAs nearly two years before a proposed data center in Menomonie was announced to the public and six months before the city signed its own NDA....

  • Wisconsin’s statewide economic development agency has signed at least five nondisclosure agreements (NDAs) with data center developers.

  • Wisconsin Watch previously reported that five communities had signed local NDAs with data center developers. The statewide disclosure increases to eight the number of Wisconsin projects that used an NDA.

  • NDAs have drawn criticism for keeping the public in the dark about the multibillion-dollar projects while government officials negotiate the terms of a project. Economic development officials say NDAs are necessary to attract businesses to Wisconsin.

   ...Full Story Here

RSK: KInd of a catch 22 but data centers and disclosure are a hot topic right now.

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Investors Associated



See All Listings Here...

   ...Full Story Here
“At Investors Associated, we make it easy for brokers to match clients with well managed, high quality spaces. Our team prioritizes clear communication, quick turnaround times, and a seamless leasing experience. Partner with us to provide your clients with properties backed by dependable service and long term value.”

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Political Campaigns Have Spent $87M Making Data Centers A TV Villain


Data centers, a once-obscure commercial real estate sector, have suddenly become a fixture of campaign ads blaring into living rooms across the United States.

With candidates from both parties attacking their opponents by framing them as supporting the data center industry, the issue could have big implications for who controls Congress and statehouses after November's midterm elections.

Before this summer, data centers rarely appeared in political advertising anywhere in the U.S., according to advertising analytics firm AdImpact. But by the start of this month, television viewers in 38 states were seeing political ads focusing, at least in part, on data centers. The ads range from high-profile races for governor and the Senate to down-ballot contests for Congress, state legislatures and local offices...   ...Full Story Here

RSK: Do not use all our water, do not jack up our electric and energy rates and cut the noise pollution is the answer.

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Commercial Brokers Group



TBD – Networking Event Event Information

    November 12, 2026
    3:30 PM

2026 CBG Holiday Meeting and Party, December 10

    December 10, 2026
    4 to 7 PM
    Nakoma Country Club



   ...Full Story Here

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A Kansas data center developer is offering neighbors $1,000 a year to win approval


The $20 million community program accompanies a planned data center campus as the company and city work to finalize details

Digital Realty plans to give households in De Soto, Kansas, credits of up to $1,000 a year for 10 years as part of a $20 million community investment the company announced last week.

The company is working with the City of De Soto to finalize the utility and property tax credits, which are based on current population estimates. Digital Realty said it will share more information once details are confirmed.

The investment accompanies Astra North, the first phase of the company's planned data center campus at Astra Enterprise Park, the former Sunflower Army Ammunition Plant. Digital Realty said the campus site has sat largely vacant for more than 30 years. The company said Astra North is expected to support thousands of construction jobs over time and about 250 permanent jobs once operational...

   ...Full Story Here

RSK: Data centers are not the only reason utility rates are going up. All the green energy in solar and wind, which is not reliable in our climes and the closing down of fossil fuel generation is driving rates sky-high. Also, power companies are paid to shut down fossil fuel power plants and also get paid as if they are producing electricity and giving a 10% return. Just not right.

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Madison Commercial Real Estate LLC



SEE ALL LISTINGS HERE


   ...Full Story Here

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

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NYC Is Building Hotels Again. It May Not Be Enough


A Sixth Avenue lot just off Times Square has been home to a magazine building and a pop-up shopping court, and outlasted its owner’s decision to abandon plans for a luxury hotel there.

Last month, construction signs on its plywood fence announced what’s next: a 41-story hotel, due in 2029.

It’s one of the last hotel projects to win approval before the city made new ones far harder to build.


   ...Full Story Here

RSK: A huge demand for new hotels in NYC but the new regime has enabled crippling hoops to go through.

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CARW 2025 Events and Resources


CARW Deal of the Year Awards and Annual Meeting

October 28 @ 4:00 pm - 7:30 pm



The 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.

Submission categories include; Office, Industrial, Retail, Investment, Development, and more! Deals must have been completed between August 1, 2025 – July 31, 2026. 

   ...Full Story Here

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Knight Barry Title Group



                       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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Regulators Reject Proposed Rules For Data Centers On Nation's Largest Grid


Two months after PJM Interconnection proposed a plan that would have fundamentally changed data center development within the largest U.S. power grid, federal regulators have sent it back to the drawing board.

Late last week, the Federal Energy Regulatory Commission rejected most of PJM's proposed framework for connecting data centers to its grid system, which spans 13 states across the Mid-Atlantic and Midwest, plus Washington, D.C.

PJM has been scrambling to contend with an unprecedented, data center-driven wave of electricity demand that has threatened the grid’s stability and raised customer utility bills...

   ...Full Story Here

RSK: It is coming down to having data centers have their own power generating plant on site.

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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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U.S. Office Leasing Volume Lags Historical Norm Despite Recent Recovery


ARLINGTON, Va.--(BUSINESS WIRE)--U.S. office leasing has rebounded substantially over the past year, but demand and supply issues are making it difficult for volume to fully recover to pre-pandemic levels, according to data from CoStar, the leading global provider of online real estate marketplaces, information and analytics in the property markets.

Office tenants signed new leases for an average of 105 million square feet over the past four quarters – an improvement over the prior four-quarter period but remaining roughly 10 million square feet below the 2015-19 average.

“Earlier in the decade, many large occupiers consolidated into smaller footprints in response to post-pandemic ways of working, which may have been the dominant factor in bringing down average lease transaction sizes,” said Phil Mobley, national director of office analytics at CoStar Group. “Since then, per-worker space requirements have stabilized. However, elevated construction and financing costs have stifled construction activity, and renovations remain unusually slow, which means that major occupiers seeking to relocate to updated space have relatively few options.”..



   ...Full Story Here

RSK: It may not be back to precovid days but it could be the new norm since work at home and desk sharing continues.

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St. John Properties




See All Listings Here...

   ...Full Story Here
Since 1971, St. John Properties has designed, developed, and managed spaces that fit every type of business. Our team anticipates and serves the needs of over 2,700 clients, including small, mid-sized, and large companies, nationwide.

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Class B Office Visitation Settles Into New Normal at 72% of Pre-Pandemic Levels


Class B office buildings across Manhattan, Brooklyn, and Queens reached 72% of pre-pandemic visitation levels in August 2026 and have held that range for two years, according to a Real Estate Board of New York analysis of 200 properties. Midtown performed best among submarkets at 89% of pre-pandemic activity, while Lower Manhattan and Brooklyn/Queens hovered around 70%. Midtown South lagged but showed recent improvement. Twenty percent of properties studied now exceed their pre-pandemic visitation rates.

The city’s Class B inventory totals more than 235 million square feet across 1,500 buildings, housing small and mid-sized businesses, nonprofits, creative firms, and technology startups. Properties with experienced ownership, strong transit access, and diversified tenant rosters recovered faster than buildings hit by major tenant losses or coworking contractions. Forty-one percent of analyzed properties reached at least 80% of pre-pandemic visitation. REBNY executive vice president Basha Gerhards said policy must account for the wide performance gap between buildings that can compete for tenants and those facing structural challenges.


   ...Full Story Here

RSK: Without much new construction, companies are turning to Class B office buildings and sprucing them up

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Park Towne Realty LLC



   ...Full Story Here
Park Towne is a family run Madison-based real estate company serving southern Wisconsin for over 50 years. Led by second generation brothers Mike, Jim and Joe Ring, Park Towne has a portfolio of for-lease commercial properties and offers development, management and brokerage services.

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Bond Traders Shift Bets Toward Rate Hike After Latest Inflation Data


Traders are hedging toward another rate hike after Wednesday’s consumer price index report showed inflation accelerated in September by the fastest pace in five months.

The 3.7% inflation rate for September announced Wednesday morning was slightly ahead of analyst expectations, driven by elevated energy prices. The higher inflation print led bond traders in futures markets to reprice whether the Federal Reserve will opt to raise rates again on Oct. 28. 

The probability that the Fed will raise rates jumped from 22% on Tuesday to 47% on Wednesday morning, according to CME Group’s FedWatch tool, which uses Fed funds futures prices to create probabilities for rate movement. ..


   ...Full Story Here

RSK: It might be prudent to wait until the November mid-term elections are over.

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RASCW Events


Preparing for January 1:
Understanding the 2027 Practice Changes

Thursday, October 29, 2026 
(2:30 PM - 4:00 PM) (CDT)

Description

January 1, 2027, brings significant changes to Wisconsin real estate practice. Join WRA attorneys Cori Lamont and Jennifer Lindsley for an overview of the new statutory requirements created by 2025 Wisconsin Act 69 and the final REEB-approved WB forms implementing those changes. The program will review the new public marketing requirements, changes to seller-paid compensation, and technology-enhanced advertising rules, while highlighting the revisions to the listing contracts, buyer agency agreement, offers to purchase, and public marketing opt-out agreement. Whether you're looking for a refresher or preparing for implementation, this session will help you understand what changes on January 1 and what it means for your practice...


   ...Full Story Here

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Mullins Group LLC



See All Listings here...



   ...Full Story Here

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Industrial Boomtowns: The U.S. Metros Where Logistics & Warehousing Grew Fastest


Data centers have dominated industrial headlines — and for good reason. But, demand for warehousing and logistics space remains strong in its own right: U.S. e-commerce sales reached $340.2 billion in the second quarter of 2026, up 12.2% year-over-year and 20.2% of core retail for the highest share since 2020. And, in August, container imports hit 2.6 million Twenty-foot Equivalent Units (TEUs), the third-highest monthly total on record.

Much of that demand is landing in markets that were barely on the logistics map a decade ago. That’s because the e-commerce boom turned former agricultural, energy and desert metros into logistics markets in their own rights. In many of them, logistics has grown into an outsized part of the local economy by adding jobs faster than the population grew and bringing a wave of new companies and industrial space with it.

To identify where warehousing and logistics have expanded most significantly in the last decade, we ranked 131 U.S. metros with populations above 400,000 on nine indicators covering logistics employment, pay, business formation and industrial real estate, with growth weighted most heavily. See the methodology for the full breakdown. See the methodology for the full breakdown.

Here are some of the takeaways:

Overall

  • Bakersfield, Calif., is the #1 industrial boomtown metro
  • Six of the top 10 metros are in California’s Central Valley
  • Logistics jobs grew faster than the population in 127 of the 131 metros studied

   ...Full Story Here

RSK: Some interesting statistics here.

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Key Commercial Real Estate, LLC


   ...Full Story Here

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Food Fight


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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Amount of Compensation


Question:

Is a seller required to specify an amount of compensation they are willing to offer another firm when entering into a listing contract?

Answer:

No. The revised WB listing contracts allow a seller to indicate a willingness to offer compensation to another firm working with a buyer without committing to a specific amount when the property is listed.

The seller may choose to offer a specific amount of compensation, indicate a willingness to consider compensation without specifying an amount, or decline to offer compensation. Any offer of compensation is voluntary and negotiable.

If the seller does not establish a specific amount in the listing contract, the seller may still agree to pay compensation to a firm working with a buyer as part of a transaction. The compensation must be documented in the executed offer to purchase or option to purchase.

However, when a firm is working with a buyer-customer, the Seller Offer of Compensation (Buyer Customer) provision in the revised offer to purchase may be used only in response to an offer of compensation made by the seller. It remains unclear whether a general willingness to consider compensation without identifying an amount satisfies the definition of an offer of compensation in the WB-11...   ...Full Story Here

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Properties for Lease or for Sale By Company



          


The Gialamas Company, Inc.









RFA Asset Management Madison, WI

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


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

   ...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.


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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