CRE Focus – Lucille Restaurant

CRE Focus – Lucille Restaurant

We were standing on the cold concrete floor in a nondescript warehouse building on the near east side of Madison.  On that cold winter day, which feels like ages ago, we were discussing the potential of a wide open former paint storage building.  The space was a 10,000 square-foot single story brick building with a Read more about CRE Focus – Lucille Restaurant[…]

CRE Expert – Title Insurance

CRE Expert – Title Insurance

Every month we feature a CRE Expert who answers some questions about topics related to commercial real estate. This month Tobias Kinsler, Esq., of Dane County Title Company in Madison, Wis., discusses title insurance and the commercial real estate marketplace. For brokers, buyers, lenders, and owners conducting business in the commercial real estate market, title Read more about CRE Expert – Title Insurance[…]

Did You Know: Split Rock Lighthouse in Minnesota

Did You Know: Split Rock Lighthouse in Minnesota

Perched on the edge of a rocky cliff, Split Rock Lighthouse on the north shore of Lake Superior is one of Minnesota’s most well-known landmarks. The beacon was constructed after a storm in November 1905 damaged 29 ships, one-third of which were uninsured property of U.S. Steel Corp. In 1907, Congress approved $75,000 for the Read more about Did You Know: Split Rock Lighthouse in Minnesota[…]

Office Space Design

Office Space Design

A changing workforce and changing work habits are causing big changes in office design and companies are working hard to find ways to accommodate these changes in order to retain and attract the best talent. Paul Schulman, Brookfield Office Properties’ president and COO, and Joseph Stettinius, Cushman & Wakefield’s chief executive of the Americas, recently Read more about Office Space Design[…]

The Apartment Market

The Apartment Market

The multifamily housing sector has experienced exceptionally strong growth over the past few years. While it isn’t expected to suddenly stop being an area of growth, there are signs the apartment-rental market may be cooling. One of the biggest areas of concern for economists is new multifamily housing construction — developers have been creating so Read more about The Apartment Market[…]

Boston Light – The First and Oldest Lighthouse in the United States

Did You Know? Established in 1716, Boston Light is the first and oldest lighthouse station in the country. Boston Light is located on Little Brewster Island in outer Boston Harbor, Massachusetts. During the American Revolution, Boston Light was damaged by attacks of patriot militia, and later destroyed by British troops as they left Boston Harbor. Read more about Boston Light – The First and Oldest Lighthouse in the United States[…]

Legal Expert: Justin Oeth

Legal Expert: Justin Oeth

Every month we feature a CRE Expert who answers some questions about topics related to commercial real estate. This month Justin Oeth of Reinhart Law in Madison, Wis., discusses legal aspects of leases with us. Should a guaranty be required as part of a lease? Oftentimes tenants wish to protect themselves from personal liability by creating Read more about Legal Expert: Justin Oeth[…]

Lending Expert: Jim McNulty

Lending Expert: Jim McNulty

Every month we feature a CRE Expert who answers some questions about topics related to commercial real estate. This month Jim McNulty, senior vice president — business banking of Oak Bank in Fitchburg, Wis., gives us some insight on the ins and outs of financing CRE loans. Given today’s lending environment, what is the baseline framework Read more about Lending Expert: Jim McNulty[…]

Madison’s Big Commercial Real Estate Deals of 2015

Madison, Wis., has continued to bustle with commercial construction projects and 2015 saw the finalization of plans for some big ones.  Mixed use projects and apartments are leading the way. In February, the state announced it had selected a group of companies to redevelop the Hill Farms site, which will become the largest state-owned office Read more about Madison’s Big Commercial Real Estate Deals of 2015[…]

Commercial Real Estate & Taxes

Tax Day is looming and if you’re involved with commercial real estate, you know your taxes can have an extra layer of complication. But what do you need to know? And what do you need to report? If you own rental real estate the IRS (unsurprisingly) has extensive information on definitions of rental income, deductions, Read more about Commercial Real Estate & Taxes[…]

National CRE Recap 2015

Commercial real estate generally saw brisk growth across the country in 2015, thanks to employment gains, increased spending and historically low interest rates. The national industrial sector saw growth of 54% with sales of $76.5 billion, which was the highest industrial volume in the past 10 years, according to First American Title Insurance Co. Sales Read more about National CRE Recap 2015[…]

That Lease is Gross!

Negotiating a great commercial lease in Madison, WI has plenty of challenges. Finding great office, retail or industrial space isn’t always easy given your business’s unique requirements and demands.  But finding the right location is just the start.  Negotiation is the key component to getting a great deal in commercial real estate. So with that Read more about That Lease is Gross![…]

Is Madison, WI Ready for Micro-Apartments?

Is Madison, WI ready for micro-apartments? We found an interesting article on micro-apartments on National Real Estate Investor today.  The apartments range in size from just 300 square feet to 500 SF and often times share amenities such as communal chef kitchens and roof top gardens.  With such a young and vibrant millennial and high Read more about Is Madison, WI Ready for Micro-Apartments?[…]

Are Banks Actually Evil?

This presentation from John Maxfield grabbed our attention for its detailed history on why some banks are evil at times.  The good news is that there are many outstanding local community banks in the Madison area that will never treat you like this.  Oak Bank, State Bank of Cross Plains, Oregon Community Bank & Trust, Read more about Are Banks Actually Evil?[…]

17 Ways Successful People Approach Life

I stumbled across this Slide Share deck and it really hit a chord with me.  As an entrepreneur I have had to utilize every single one of these in my life and career.  #10 is my favorite for when times get tough or something goes wrong.  You know those days when you feel a bit Read more about 17 Ways Successful People Approach Life[…]

Where are Madison’s Vibrant Centers?

According to a research done by NAIOP, tenants are gravitating towards Suburban Vibrant Centers over the traditional single-use areas that have been developed for decades.   A Suburban Vibrant Center is an area that presents a good mix of “live, work, play”. Office tenants are finding these areas more attractive because of the push from Read more about Where are Madison’s Vibrant Centers?[…]

Madison – Too many apartments or not enough? A reflection on the 2014 apartment boom

  While attending the 2015 RASCW Commercial Forecast, I quickly realized that the focus of discussion is still on the Madison apartment boom. When will it come to an end? Or, is it only just beginning?   2014 closed up with an astonishing 5,300 apartment units either completed, under construction or approved, according to the Read more about Madison – Too many apartments or not enough? A reflection on the 2014 apartment boom[…]

Ready to Find a New Office Space? 5 Important Things to Know Before Looking

    Choosing the right office space is a decision that should be taken very seriously. There are many ways your office space affects your business beyond the bottom line. The location, amenities, building style and layout will all play a big factor in how your business operates. As brokers, there are a number of questions we Read more about Ready to Find a New Office Space? 5 Important Things to Know Before Looking[…]

Madison Office Market Report Q3 2014

The Xceligent Madison Office Market Trends for Q3 2014 were mostly positive. There was a 35,696 SF positive absorption for the quarter, which adds to almost 315,000 SF of positive absorption over the past year. This compares to 16.6 Million SF nationally which is the sixth straight quarter the U.S. saw positive absorption above 14 Read more about Madison Office Market Report Q3 2014[…]

Madison, WI CRE Market Outlook and Forecast Recap

Last week members of Lighthouse CRE attended the 2014 Southern Wisconsin Commercial Real Estate Summit keynoted by Eric Hovde. Here are some key takeaways from the summit.  This event focused on southern Wisconsin and was mainly focused on activity in Madison, Milwaukee and cities between Chicago and Milwaukee. Retail:  Retail is going strong with many Read more about Madison, WI CRE Market Outlook and Forecast Recap[…]

A new WAVE of store CLOSINGS?

Just when I want to believe that we are out of the ditch and ready to thrive I come across articles like this and I rethink the immediate future of retail. “Is a Store Closing Tsunami Ahead?” Some highlights from the article: “There are very few retailers that have not reached out to their landlords Read more about A new WAVE of store CLOSINGS?[…]

Why do you think Madison is #1?

Livibility.com ranks Madison, WI the #1 City out of the Top 100 Best Places to Live for 2015. Why do you think Madison is #1?   Most cities would be ecstatic to be listed amongst our Top 100 Best Places to Live. Last year, when we named Madison, Wis. number five, Mayor Paul Soglin wasn’t satisfied. He Read more about Why do you think Madison is #1?[…]

Madison is ranked #5 out of 100 best cities to live in the United States

For those of us who live, work and play in Madison, WI we know why it is such a great city to live in.  Livability seems to agree.  Check out their reasons below. Downtown Madison, WI Photo: Madison Convention & Visitors Bureau Madison came in at No. 5 on our ranking of the Best Places Read more about Madison is ranked #5 out of 100 best cities to live in the United States[…]

Is apartment construction the next BUBBLE?

Madison, WI is building apartments at break neck speed.  Everywhere you go there seem to be cranes in the air.  Cranes here.  Cranes there.  Cranes everywhere!  Of course the indomitable EPIC with their thousands of employees and plans for continued hyper growth has cranes scattered across their campus as well. Whenever something seems to be Read more about Is apartment construction the next BUBBLE?[…]

Is your business b l o a t e d? “Get Lean” and find success.

After reading “The Lean Startup” by Eric Reis (http://theleanstartup.com/) I realized just how many “regular” company business owners could use these same philosophies to transform their businesses for greater success.  I recently came across this article on the subject here, and I highly recommend you read it for your own benefit as a business leader. Read more about Is your business b l o a t e d? “Get Lean” and find success.[…]

Do you Talk the Walk?

As a business leader, you need to decide how to spend your valuable time.  After all, you wouldn’t have employees if you could do everything yourself.  So how do you operate as a business leader?  Do you “Talk the Walk,” or do you micromanage and drive everyone who works for you crazy?  Use the power Read more about Do you Talk the Walk?[…]

5 Tips for Finding Your Ideal Location to Lease or Buy

Finding a new home for your business is an exciting process. But determining a major aspect of your business (it’s location) over an extended period of time is not something to be taken lightly. Use the following 5 tips to ensure that you find the perfect option. 1. Drive the Market While getting a sense Read more about 5 Tips for Finding Your Ideal Location to Lease or Buy[…]