Cirex Views & News Commercial Real Estate Insights
by Ralph Kamps
cirexnews.com
CBRE North America | Second Half 2017 Cap Rate Survey
CBRE is pleased to present its semiannual North America Cap Rate Survey for H2 2017, which reveals cap rates and pricing trends for all major property types in major markets across the U.S. and Canada.
U.S. cap rates for retail assets inched up in H2, while those for industrial and multifamily assets fell slightly. U.S. office and hotel sector cap rates were generally stable. In Canada, cap rates for industrial, hotel and multifamily fell markedly, while office declined slightly and retail inched up.
The report includes an intro from Spencer Levy, who examines market-moving events from year’s end through mid-February 2018, and provides a cap rate outlook for the year titled The Battle Between the Secular Elephant and the Cyclical Bear Heats Up.
RSK: Thinking retail Cap Rates will drop next quarter. In fact, I think CAP Rates for sellers has peaked. Investors are getting more savvy.
From Toys R Us to Pilates studios: Malls fill empty stores with latest fitness fads
When Tara Gilad came across an empty Subway sandwich shop at the Nut Tree Plaza in Vacaville, Calif., she saw an opportunity.
Now Gilad, founder of the healthy food chain Vitality Bowls, will be selling her soups, Acai meals and smoothies out of the former sandwich shop. And she has her eye on a few of the roughly 500 other locations Subway is planning to close this year.
RSK: This seems to be a no brainer. Not sure why fitness hasn’t hit malls years before.
More Senior Communities Are Getting Built In Nontraditional Places: Where The Kids Live
The senior housing market is changing with the times.
For decades, retirement communities were far more likely to be built in warmer climates, so as to avoid uncomfortable and possibly dangerous winters for residents. But in recent years, the industry has seen a seismic shift to areas with more traditional population density, the New York Times reports.
RSK: Seniors want to live near their kids...but especially their grand children and watch them grow and be a positive influence on their
lives....like the old days.
With over 200 experienced real estate professionals, Knight Barry provides exceptional support and service. Visit us online for more information
about our 40+ commercial and residential offices throughout Wisconsin and Michigan.
www.knightbar
ry.com
MADISON: 2450 Rimrock Road, Suite 204, 608-255-2700 CAP SQUARE: 44 E. Mifflin Street, Suite 101, 608-255-2700
June2018 55
Wisconsin Development News
by KEN HARWOOD
wisconsindevelopment.com
UW-Madison grads follow trend of ‘brain drain’ in Wisconsin
When Genevieve Pfister and Samuel Fritz, who are both graduating this spring, became friends in their electrical engineering class last year, they were unsure where they would end up after graduation. Now, Fritz is preparing to pursue a job as paralegal in Milwaukee and Pfister is relocating to Texas to work at a top engineering company.
Nine out of 10 out-of-state UW-Madison graduates, like Pfister, leave the state after graduation, according to data compiled by the Wisconsin State Economic Development Association. They are the reason Walker rolled out a $6.8 million investment plan last week that emphasizes in-state retention and recruitment efforts, in an effort to boost state employment...
Ken Notes: We can fix this:
Offer a bottom line tax rebate on the interest paid on student loans for Wisconsin public schools. Work with WARF to keep innovations in the state.
Create loans for Wis grads attending state schools with an insentive to re- main in WI after graduation.
Work with established expanding firms and young startups in the state and offer tax credits based on UW and WTCS hires..
When All Else Fails, Tax Incentives Probably Will, Too
On its face, Wisconsin’s development policy looks somewhat unhinged. The $3 billion it offered to attract Foxconn’s $10 billion flat-screen-television plant to Racine, near the state’s southeastern tip, is an outrageous price tag.
New Jersey’s offer of $5 billion to lure Amazon to Newark — which comes out at $100,000 for each employee the online retailer would bring to town — is also pretty extravagant. Chicago’s $2 billion in incentives seems sensible only by comparison.
Giveaways like these are often a waste of public money. Research on a pro- gram of corporate tax breaks in Texas found that 85 to 90 percent of the proj- ects benefiting from such incentives would have gone forward without them...
KEN HARWOOD The Future Wisconsin Project and Wisconsin Development News P.O. Box 930234 Verona, WI 53593-0234 Phone (608) 334-2174
ken@wisconsindevelopment.com
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64
