Oil shock pushes mortgage rates higher

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Property management is undergoing a quiet revolution. Tasks that once required human attention are increasingly being automated or at least considered for automation. Rent collection happens through online portals. Maintenance requests flow through apps. Access control uses smart locks and mobile credentials. Resident communication happens via chatbots. The relentless push toward operational efficiency has touched nearly every aspect of multifamily operations, and property tours have become one of the most contested battlegrounds in this transformation.

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WeWork is growing up, and its newest location in downtown Manhattan is the most visible proof yet: 250 Broadway, which opened in January, is WeWork’s first outpost in the city since 2019—the year WeWork abandoned its initial public offering and ousted cofounder Adam Neumann as CEO. The space adds 60,000 square feet to the company’s New York portfolio, which already exceeds 3 million square feet. And it’s yet another outpost in a global network that now spans 600 locations worldwide...

(NEXSTAR) – Papa Johns has announced plans to close hundreds of underperforming locations by the end of 2027, with around 200 slated to shutter in 2026 alone.

Ravi Thanawala, the CFO and President of Papa Johns in North America, revealed the company’s plans for “select closures” during an earnings call last week.

“The vast majority of our global restaurants have performed well over the years and delivered strong returns for both corporate and franchise owners,” Thanawala said. “However, we have identified approximately 300 underperforming restaurants across North America that are not meeting brand expectations or lack a clear path to sustainable financial improvement, as well as locations where we can effectively transfer sales to nearby restaurants.”...

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UPS announced late last month that it would close 24 facilities as it culls its workforce by some 30,000, but it didn`t disclose which sites in its vast network it would close.

Now, thanks to court documents, the locations of 22 of those targeted sites have been revealed.

Chicago-area industrial is boring — and that’s a good thing. 

Far from putting prospective investors to sleep, the sector’s steady fundamentals are luring midmarket buyers who are chasing attractive returns to the center of the country.

A diverse pool of tenants and building types, coupled with a lack of overbuilding during the sector’s pandemic-induced highs, has put the region in a position to capitalize on a fresh wave of capital.

“Chicago and just the bigger Midwest is just having a little bit of a moment right now,” said Tina Ramos, principal and co-founder of Matterhorn Venture Partners. “The fundamentals are very strong.”...

75 Gasser Rd Wisconsin Dells, WI

4711 Farwell St McFarland, WI

808 Industry Rd Sauk City, WI

426 Gammon Pl Madison, WI

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Dane County could face a budget deficit of nearly $32 million in 2027, with very few options to close the gap, according to a memo prepared by Controller Charles Hicklin and obtained by Madison365.

The memo, provided to County Executive Melissa Agard on February 18 and forwarded to County Supervisors, lays out how an increase in expenses and diminishing surpluses could force the county to cut as many as 241 full-time equivalent jobs, almost 10 percent of its workforce.

According to the memo, unexpected revenue increases in 2021 and 2022 have led to surpluses, meaning the county has had money left over at the end of every budget year. Those surpluses have covered annual deficits for several years, but have been rapidly diminishing. For example, the county had $58.9 million left after 2024, which it was able to apply to the 2025 budget. However, at the end of 2025, the county only had $27.1 million left to apply to 2026, a $31 million drop-off. Still, the $27.1 million surplus was able to fill most of the 2026 budget deficit, which also amounted to about $31 million. The adopted 2026 budget also cut all county wages by one percent for one year, and eliminated 31.5 positions, including 20 vacant sheriff’s deputy positions...

Industrial real estate’s next stage of growth will be defined by trade policy decisions and a much bigger need for efficiency across operations. After the speculative surge from 2022 to 2024 resulted in above-average delivery volumes, industrial real estate market trends now point to a more moderate approach. This latest ranking of the top markets for industrial development, based on Yardi Matrix data, illustrates that sentiment across the U.S.

Overall, completions decreased across the nation in 2025, but some hotspots remained, while the structural drivers in each of these markets led to significant activity...

...Chicago

Chicago ranked seventh among the top markets for industrial development in 2025, with just under 8 million square feet of space coming online across 30 projects. Completions were down to half of the total recorded in 2024—15.9 million square feet across 45 properties....

ABR Designation Course 
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Thursday, March 12, 2026 9:00 AM
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A logistics company secured nearly 800,000 square feet.

Dominic Carbonari of JLL represented RJW in its lease negotiations, and Trammell Crow was represented by Matt Mulvihill and Phil DeBoer of CBRE.

Harris Architects is the designer for Plainfield Business Center, and Krusinski Construction Co. was the general contractor for Phase 1. Kimley-Horn and Associates was the civil engineer on the project...

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

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The average sale price of an office building ended 2025 with the first increase since 2021, CommercialCafe reported, citing Yardi Matrix data. Pricing was up 6.1% from $172 a year ago to $182 per square foot in 2025. Although most markets are still far below their 2019 values, many have begun to recover after significant increases in average prices last year.

Values in four of the top 25 metro areas that CommercialCafe analyzed have surpassed their respective pre-COVID 19 levels. Miami prices increased 20% from 2019, followed by Dallas (8.5%); Detroit (8.4%); and Orlando (5.8%).

          

	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