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CirexNews - CRE and Investment News | ||||||||||||||||||||||||||||||||||||
![]() This Week - Notes - Search - Index - Share ...Full Story Here![]() Ralph Kamps Editor CirexNews 608.345.2880 Ken Harwood Publisher CirexNews 608.334.2174 "The only real test of intelligence is if you get what you want out of life."
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GEF 2 and GEF 3 For Sale | ||||||||||||||||||||||||||||||||||||
![]() Department of Administration (DOA) - Sale of GEF 2 and GEF 3 located at 101 South Webster Street and 125 South Webster Street in the City of Madison, Wisconsin. DUE DATE: Interested parties must submit Offers to DOA no later than 3:00 PM CT on June 5, 2026. These buildings are designated as surplus property and are being offered for sale. 101 South Webster and 125 South Webster are zoned DC-Downtown. To submit a Commercial Offer To Purchase, please follow the instructions in the link below. Instructions to Submit a Commercial Offer to Purchase ...Full Story Here Ken Notes: This will be interesting. ![]() | ||||||||||||||||||||||||||||||||||||
The Gialamas Company, Inc. | ||||||||||||||||||||||||||||||||||||
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. ![]() | ||||||||||||||||||||||||||||||||||||
Carole Schaeffer wins 2026 ATHENA Leadership Award | ||||||||||||||||||||||||||||||||||||
![]() Despite the long roster of professional accomplishments that earned her the recognition, Carole Schaeffer said Wednesday night that winning the Business Forum’s ATHENA Leadership Award was unexpected. Her speech was humble and brief. “I didn't prepare a speech because I legit(imately) didn't think I was going to win!” she said to the crowd gathered at Madison’s Nakoma Golf Club for the 29th annual awards event. “There were so many amazing women that were nominated here. “Thank you so much for the women that are supporting other women
here and lifting each other up. It is an incredible, incredible thing,
and now, more than ever, we need to do that for each other … and
continue to be mentors and leaders and to be there for the next
generation.”... RSK: Well deserved! ![]() | ||||||||||||||||||||||||||||||||||||
Madison Lifestyle Office Portfolio | ||||||||||||||||||||||||||||||||||||
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. ![]() | ||||||||||||||||||||||||||||||||||||
Office Attendance Drivers in 2026: The New Rules of Showing Up | ||||||||||||||||||||||||||||||||||||
Dive into the data to learn how convenience-driven behaviors are
impacting the office recovery – and how stakeholders from employers to
office owners and local retailers can best adapt. To optimize office utilization and surrounding activity in 2026, stakeholders should:
Prioritize proximity in leasing and development decisions. Visits from employees traveling less than five miles to work have increased steadily since 2019, reinforcing the value of centrally located offices and housing near employment hubs. RSK: A free report at the link... ![]() | ||||||||||||||||||||||||||||||||||||
Investors Associated | ||||||||||||||||||||||||||||||||||||
“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.” ![]() | ||||||||||||||||||||||||||||||||||||
Amazon Plans To Shave Millions Of Square Feet Off Its Office Footprint | ||||||||||||||||||||||||||||||||||||
Amazon is planning to cut 49,000 desks from its office footprint in perhaps the biggest shift in its real estate strategy since it courted offers from cities and states for a second headquarters in 2017.Management told members of Amazon’s global real estate and facilities group on Feb. 3 that the company aims to cut its average office vacancy from around 31% to just under 23% this year, according to a transcript of the call obtained by the Puget Sound Business Journal. The space-saving goal could impact more than 14M SF of the tech giant’s office space if each desk is assigned to one worker, with the average workspace having 146 SF per worker in 2024, according to CBRE... ...“As we roll out more Generative AI and agents, it should change the way our work is done,” he said. “We will need fewer people doing some of the jobs that are being done today, and more people doing other types of jobs.”... Rsk: This is cutting down the space leased and not necessarily jobs. But the article hints there will be some job cuts as Ai becomes more prominent. Read the last sentence...it says it all. ![]() | ||||||||||||||||||||||||||||||||||||
Madison Commercial Real Estate LLC | ||||||||||||||||||||||||||||||||||||
![]() 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 608-345-2880SEE ALL LISTINGS HERE...Full Story Here ![]() | ||||||||||||||||||||||||||||||||||||
The Growing Patchwork of Building Energy Regulations Is Making Compliance a Nightmare | ||||||||||||||||||||||||||||||||||||
![]() Federal support for building energy reduction has largely dried up under the Trump administration, which has rolled back incentives and deprioritized sustainability programs. But rather than slowing the momentum toward building energy regulation, the federal retreat has accelerated a trend that’s making life increasingly complicated for property owners: a rapidly expanding patchwork of state and city regulations that vary dramatically in their requirements, metrics, and timelines. Over 50 U.S. cities now enforce building energy requirements, with nine having enacted strict building performance standards that carry penalties ranging from $100 per day to $268 per ton of carbon emissions. States including California, Colorado, Washington, Massachusetts, and New York have implemented statewide programs. Cities from Seattle to Miami, from St. Louis to Boston, have their own local ordinances... RSK: Greater Madison does not have that problem yet, but being surrounded by other municipalities and villages it might not be long. Ken Notes: Wouldn't a sound national policy that was cost effective yet made a real difference be nice. Oh the dreams we once had. ![]() | ||||||||||||||||||||||||||||||||||||
Commercial Brokers Group | ||||||||||||||||||||||||||||||||||||
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Inside the booming business of wellness third spaces and membership clubs | ||||||||||||||||||||||||||||||||||||
![]() Key Points
A few years ago, Grace Guo began to crave places in New York City where hanging out with friends didn’t have to involve alcohol. Newly sober and surrounded by friends who also chose not to drink, Guo said she wanted alternatives to the typical social scene. After some research, she landed on Bathhouse and Othership: social wellness clubs designed to create communities around improving health... ...Full Story Here RSK: New old concept. They could go hand and hand with Pickleball Clubs. Opportunity here to find them a space. ![]() | ||||||||||||||||||||||||||||||||||||
St. John Properties | ||||||||||||||||||||||||||||||||||||
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. ![]() | ||||||||||||||||||||||||||||||||||||
Tech Giants Pledge To Pay For Data Center Power | ||||||||||||||||||||||||||||||||||||
Executives from top tech companies gathered at the White House on Wednesday and committed to paying the electricity bill for the artificial intelligence revolution. Amazon, Google, Meta, Microsoft, OpenAI, Oracle and xAI signed the Ratepayer Protection Pledge, which President Donald Trump said during a press conference would help Americans avoid paying the cost to build out energy infrastructure to support AI’s broad adoption. ...Full Story Here“President Trump is calling on the leading United States hyperscalers and AI companies to build, bring, or buy all of the energy needed for building and operating data centers, paying the full cost of their energy and infrastructure, no matter what,” the White House said in a news release... RSK: You knew it would come to this. There is so much money in data centers that the Tech Giants can pay for their use and still make a very handsome profit. ![]() | ||||||||||||||||||||||||||||||||||||
CARW 2025 Events and Resources | ||||||||||||||||||||||||||||||||||||
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Knight Barry Title Group | ||||||||||||||||||||||||||||||||||||
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 ![]() | ||||||||||||||||||||||||||||||||||||
‘Man Camps’ are the answer to building data centers | ||||||||||||||||||||||||||||||||||||
![]() These temporary housing structures with free golf simulators and steak are designed to attract workersAI companies need data centers built at hyperspeed. To attract the necessary trade workers, they are erecting what have been dubbed “Man Camps”—temporary housing near the construction site that comes with amenities like free steak, game rooms, and golf simulators, per a Bloomberg report. Why the push for sleepaway Dave & Buster’s? With data centers popping up in remote locations, these perks are designed to incentivize construction workers to temporarily relocate. Dwell-paying business: Companies like Target Hospitality Corp. and Civeo Corp. specialize in short-term housing that can support hundreds of workers for months at a time before packing up and moving to the next town:.. RSK: Read this and you will see why data centers have such high construction costs. Obviously there is plenty of money to be made with them. It is worth the high cost. Man and Women camps are for real. ![]() | ||||||||||||||||||||||||||||||||||||
Reinhart | ||||||||||||||||||||||||||||||||||||
With the largest Real Estate Practice of any law firm in Wisconsin, Reinhart offers clients custom-tailored real estate insight. ![]() | ||||||||||||||||||||||||||||||||||||
Senate Advances Sweeping Housing Bill, Includes Ban On Institutional Buyers Of Single-Family Homes | ||||||||||||||||||||||||||||||||||||
The Senate this week is advancing a wide-ranging package that could become the biggest legislative action taken on housing in decades. The latest version of the Senate's bill pairs legislative efforts around affordability and housing production with a Trump administration objective to ban institutional investment in single-family homes... ...Full Story Here RSK: Not sure how much effect this will have on home prices. but every little bit will help. ![]() | ||||||||||||||||||||||||||||||||||||
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![]() | ||||||||||||||||||||||||||||||||||||
Aviation Noise Could Be the Next Big Data Point for Property Due Diligence | ||||||||||||||||||||||||||||||||||||
![]() When flood risk became standard property due diligence in the 2000s, forward-thinking firms built a competitive advantage by adopting assessment protocols early. Today, aviation noise presents the same opportunity, except this time, the market is global, growing exponentially and wide open for professionals who move first. Global aviation traffic is projected to double by 2040. The US NextGen airspace redesign is concentrating flight paths over residential areas. London Heathrow’s third runway will add 260,000 annual flights. Dubai Airport expects 100 million passengers by 2030. Yet aviation impact assessment remains conspicuously absent from standard property protocols, creating both a massive liability gap and a significant revenue opportunity... ...Full Story Here RSK: This is happening right here in greater Madison. MSN is planning on lengthening runaways for noise abatement, Think of all those properties surrounding O'Hare. ![]() | ||||||||||||||||||||||||||||||||||||
Park Towne Realty LLC | ||||||||||||||||||||||||||||||||||||
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. ![]() | ||||||||||||||||||||||||||||||||||||
Victoria’s Secret turnaround continues amid ‘exceptional' quarter | ||||||||||||||||||||||||||||||||||||
Victoria’s Secret & Co. showed growing momentum in its fourth quarter with better-than-expected earnings and sales.In the earnings statement, CEO Hillary Super said the company delivered an “exceptional” fourth quarter and a “standout’ year. Under Super’s leadership, the lingerie giant has regained its footing with a renewed focus on its core bra category, its Pink brand and beauty. ...Full Story Here RSK: Thank goodness. They will be back to brick n mortar soon in some form or another. ![]() | ||||||||||||||||||||||||||||||||||||
RASCW Events | ||||||||||||||||||||||||||||||||||||
![]() ABR Designation Course | ||||||||||||||||||||||||||||||||||||
Key Commercial Real Estate, LLC | ||||||||||||||||||||||||||||||||||||
![]() ![]() See All Listings Here...![]() | ||||||||||||||||||||||||||||||||||||
New State Capital Partners Acquires Vast Coworking Group | ||||||||||||||||||||||||||||||||||||
A New York-based private equity firm is getting into the coworking industry with its latest purchase.New State Capital Partners announced its acquisition of Vast Coworking Group from its former parent company, United Franchise Group. Deal terms weren’t disclosed in a press release Tuesday. Through its brands Venture X, Office Evolution and Intelligent Office, Vast has more than 200 coworking locations in the U.S. and overseas. Those locations total approximately 2.7M SF and boast around 70,000 members. The company uses a franchise model that New State senior principal Daniel Han said has been very successful in the sector... RSK: Co-working is still making headway. It does however show that these purchases are for distressed companies and properties. It may not work with major asking prices. Buyers need a bargain to fend off the risk. Final comment, humans need to be interacting with other humans. We don't like to be alone. ![]() | ||||||||||||||||||||||||||||||||||||
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... ![]() | ||||||||||||||||||||||||||||||||||||
Mullins Group LLC | ||||||||||||||||||||||||||||||||||||
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See All Listings here...![]() | ||||||||||||||||||||||||||||||||||||
ICE Nears $1B In Warehouse Purchases As Cities Test Legal Options | ||||||||||||||||||||||||||||||||||||
The federal government has already spent nearly $900M acquiring 10 warehouse sites as it expands detention capacity nationwide. In the case of a recent purchase in New Jersey, a seller implied the government threatened to use eminent domain to secure the property... RSK: Of course TDS will be prevalent in any kind of decision. But that is Trump for you. Just bull doze ahead. ![]() | ||||||||||||||||||||||||||||||||||||
Properties for Lease or for Sale By Company | ||||||||||||||||||||||||||||||||||||
Hovde & Hovde, IncABSTRACT Commercial Real Estate LLC ...Full Story Here ![]() | ||||||||||||||||||||||||||||||||||||
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![]() |