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 This Week - Notes - Search - Index - Share  New ListingPrime 2,500 SF professional office suite featuring five private offices, a dedicated breakroom, and a spacious open work area ideal for collaborative or workstation setups. Perfect for teams seeking a flexible, professional environment in a convenient Madison East location. 2,700 square feet of flex space featuring a conference room, (2) kitchenettes, (2) private restrooms. 1,350 sf of open concept office and 1,350 sf warehouse space. 10'x12' drive in door. ...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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 Thank you to everyone who joined CARW and CCIM Wisconsin for our First Annual Madison Market Update at the Park Hotel in Madison. Nearly 150 commercial real estate professionals attended
this inaugural event... - Madison/Dane County continues to attract investors from across the country, including Hawaii, Colorado, Florida, and California.
- Strong fundamentals—including population growth, income levels, and
limited supply in several sectors—continue to support the market.
- Higher interest rates, construction costs, and capital market
pressures are influencing development decisions and encouraging the
repositioning of older properties.
Multifamily...
Industrial...
Office...
Retail...
Bottom Line
Madison continues to distinguish itself as
one of the Midwest’s strongest commercial real estate markets....
RSK: In case you missed CARW's Madison CRE Market Update Seminar here it is in PowerPoint style...
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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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 Madison’s office market moved against the national trend during the second quarter. While many major U.S. office markets improved, Madison’s vacancy continued to increase. Overall vacancy increased to 16.3%, leasing activity slowed to 114,800 square feet across 48 transactions, and the market recorded 36,500 square feet of negative net absorption during the quarter. While many large cities are beginning to benefit from improving office utilization and slowing new construction, Madison continues to work through a combination of downsizing, tenant consolidations, and elevated suburban vacancy. The Big Picture- Overall vacancy increased to 16.3%
- Net absorption totaled (36,500 SF) during Q2
- Year-to-date absorption reached (56,300 SF)
- Downtown Class A vacancy remained relatively healthy at 10.6%
- Combined suburban Class A vacancy increased to 22.1%...
...Full Story Here
RSK: In case you missed it, here is Oakbrooks quarterly office report...
Ken Notes: Full report at the link...
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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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 Political promises cannot erase rising catastrophe lossesProperty insurance prices are about to become a political flashpoint in
the 2026 midterms. The average US homeowner paid $2,948 a year for
coverage in 2025, a 12% jump from the year before. Zoom out further and
premiums have risen 46% since 2021. Severe convective storms racked up
an estimated $50 billion in insured US losses in 2025, the third
costliest year on record for that peril. The January 2025 Los Angeles
wildfires cost roughly $40 billion insured, the costliest wildfire event
on record. The US accounted for 83% of the world’s $107 billion in
insured catastrophe losses last year. These rising rates are amplified
in certain areas. Oklahoma, Colorado, Iowa, Illinois and Minnesota
logged the sharpest 2025 rate hikes..
...Full Story Here
RSK: If you own any commercial real estate....any real estate for that matter, you know the pain of ever-increasing insurance premiums. Hurting the bottom line.
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“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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CBRE’s 2026 Americas Office Occupier Sentiment Survey reflects a market that has found its footing.
Occupiers are making deliberate choices about the quantity, quality
and location of their space. The gap between aspiration and action is
narrowing, and the survey findings show where it’s closing the
fastest—and where it’s not.
...Full Story Here
RSK: Almost 90% of employers requiring workers to be in the office at least 3 days per week. Guess which 2 they are not?
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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
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 Sample Gates Management, a student-run
real estate investment fund at Indiana University’s Kelley School of
Business, manages approximately $12 million in equity across apartment
developments and industrial parks nationwide. Twenty undergraduates
selected from a competitive commercial real estate workshop raise
capital from third-party investors and execute deals independently. This
summer, the fund sold its first investment—an industrial warehouse in
Indianapolis—for a 65% gross profit in roughly 16 months. A board of 10
seasoned real estate executives must approve all investments, rejecting
about one-third of student-proposed deals.
At least 18 student-managed real estate
funds now operate across U.S. universities, up from just a few a decade
ago, with two more launching this school year. Sample Gates raised $4.2
million from 46 investors in its first 2022 fundraising round and $7.8
million from 74 investors in 2023, with one investor contributing
$700,000. Students screen three to eight deals weekly—up to 400
annually—but selected only 12 investments between 2023 and 2025,
spanning locations from Indiana to Arizona. The group requires physical
site visits for every potential acquisition regardless of location... ...Full Story Here
RSK: I believe UW has a similar venture. Someone correct me if I am wrong.
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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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:no_upscale():quality(80)) In the weeks since the country's largest office-to-residential conversion project was deemed at risk of collapsing, scrutiny of these complex projects, which have soared in popularity since the pandemic, has intensified. Three other buildings have been hit with stop-work orders following an inspection blitz carried out by officials in New York City, which has more conversion projects under construction than anywhere else. But in the other U.S. cities where this style of adaptive reuse has taken off, there is little sign that city officials are hitting the panic button...
...Full Story Here
RSK: I do not think much will slow down until there is actually a major mishap and people get hurt. It was a definite wake up call.
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 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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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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 The Federal Reserve’s decision last week to hold its benchmark rate
steady landed largely as expected by the market. Long-term Treasury
yields moved higher following the decision, a signal that bond markets
remain concerned about long-term inflation and the credibility of the
Fed’s response even as the policy rate itself held. For commercial real
estate borrowers, the hold provides a degree of near-term certainty
about the cost of floating-rate capital, but the broader lending
environment is considerably more nuanced than any single Fed decision
can capture. The market is opening up in meaningful ways and the current
environment offers more options than the past two years have allowed.
The window, however, is not unlimited, and the selectivity that
characterizes each lending channel means that execution requires more
precision than it did during the easier money years... ...Full Story Here
RSK: Just because the Feds held rates steady doesn't mean there are not other means of CRE financing...especially for multi-family.
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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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 A new generation of live-learn-work
innovation hubs is redefining how higher education institutions support
learning, creativity, and community.Higher education institutions face compounding pressures: declining
enrollment, rising costs, and growing expectations to demonstrate
real-world impact. Cities, meanwhile, grapple with housing shortages,
economic inequality, and the need to revitalize underutilized areas. A
new typology is beginning to emerge that offers a strategic response to
both challenges: live-learn-work innovation hubs. By integrating
housing, research, and workspaces into a single, shared environment,
these 24-hour ecosystems bring researchers, creators, and entrepreneurs
together to fuel innovation around the clock.
Initially focused on bridging academia and industry, innovation hubs
have evolved into dynamic ecosystems. Today, they serve as microcosms of
broader innovation districts, often embedded within cities and designed
to foster serendipitous encounters, interdisciplinary exchange, and
real-world impact...
RSK: I am glad UW hasn't moved into this type of living experiment....I know it would not be for me.
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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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 For the first time since the pandemic upended the office sector, the
leasing data no longer needs an asterisk. According to Savills’ newly
released State of the U.S. Office Market report,
occupiers leased 127.3 million square feet of office space in the first
half of 2026, the strongest first-half total since 2019 and 13 percent
ahead of last year. The second quarter alone accounted for 66.1 million
square feet, which Savills notes was “the strongest quarter on record
since Q2 2019.” Perhaps more telling, that figure ran about 9 percent
above the average quarterly pace set between 2017 and 2019, meaning
demand is not just recovering toward pre-pandemic norms, it is exceeding
them...
...Full Story Here
RSK: More good news for the slowly improving office sector.
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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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 Tesla and SpaceX confirmed Thursday they will build Terafab, a
semiconductor megafactory in Grimes County, Texas, with a first-phase
investment of $16.8 billion. Once complete, the complex is planned to
exceed 100 million square feet, more than five times the size of China’s
New Century Global Center and larger than the Pentagon, Apple Park and
Mall of America combined. Elon Musk, who runs both companies, described
it as “the largest and most valuable building on Earth by far.” Intel
confirmed it will contribute to the project, though details of its
involvement remain undisclosed...
Tesla said both companies need more chips than current and future global
production can supply, with a goal of producing over one terawatt of
compute annually. The facility will handle logic chips, memory,
packaging and testing in a single structure. Chips manufactured there
will power Tesla’s Optimus robots and Cybercabs, as well as SpaceX’s
planned space-based data centers. The project is expected to create at
least 3,000 jobs, with 60 to 80 percent of hires expected to come from
Grimes and neighboring Brazos County...
...Full Story Here
RSK: That is one large building.
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Description
Join us for some good food and to raise money for great area
organizations. A portion of the sales from 11-6 that day goes to
Dells/Delton Kops for Kids. HDA is also donating $2.00 from every
t-shirt sold that day as well. We are offering deliveries from 11-1:30
and there will be a limited menu for delivery. Dine in, it's full menu.
...Full Story Here
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 This is the fourth time that Easton Town Center has headed Chain Store Age’s
"Top 10 Retail Center Experiences” list since it debuted in 2018, and
the first sentence on the center’s 2026 nomination form deftly summed up
why... Easton stands alone because of its willingness to continuously reinvent itself. - In
2022, Steiner + Associates — co-developer and property manager —
created a luxury district..
- Instead
of seeking another single user for Easton’s Smith & Wollensky
footprint, Steiner transformed the space into multiple storefronts..
- When
consumer habits shifted away from experimental retail concepts like
Amazon Style, Steiner quickly reclaimed the footprint ...
- Five
years ago, Easton added a 16-acre project phase providing 140,000
square feet of new restaurant, retail and hotel space...
New builds and store buildouts happen quickly at Easton because Steiner fields its own seven-employee construction unit. ... ...Full Story Here
RSK: The 10 best retail experiences in the US. Of course Mall of America is in the ranks.
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 AI infrastructure is a “key pillar of demand”Data centers will continue their momentum in the US commercial real
estate market, despite restrained construction activity in most other
sectors, a new report from CBRE has said. According to the commercial real estate services firm’s 2026 US Real Estate Outlook Midyear Review report,
the US market should hold its ground and in some cases improve in the
second half of the year, despite tremors from conflicts in the Middle
East driving high energy prices. The report
is an update on CBRE’s January forecast, a response to economic shifts
and geopolitical issues that have impacted the US commercial real estate
market. Despite these challenges, the
ongoing buildout of AI infrastructure is a “key pillar of demand” for
the market, keeping it “resilient.”...
RSK: This may be the case now, but if states keep putting moratoriums on data center construction, this will slowly dry up. The upcoming mid term elections will have a lot to do with it.
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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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 Artificial intelligence is working its way into
planning and execution software, but many companies are still figuring
out where it works, where it doesn’t and how far they’re ready to take
itTake a quick look around the business environment right now and you probably won't find a single nook or cranny where artificial intelligence (AI) isn’t being applied or at least tested out. From software that summarizes meetings to systems that analyze customer behavior and tools that automate routine office tasks, the race to use AI to work faster with fewer manual steps is very much underway.
Supply chain management (SCM) sits squarely in the middle of these conversations. Supply chain planning (SCP) platforms use AI to help companies forecast demand, balance inventory and plan capacity. Supply chain execution (SCE) applications like warehouse management systems (WMS) and transportation management systems (TMS) manage the day-to-day physical flow of goods, labor and assets.
These are natural places for AI to step in...
...Full Story Here
RSK: Interesting article.
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The Gialamas Company, Inc.
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RFA Asset Management Madison, WI
 | 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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