Cirex Views & News Commercial Real Estate Insights
by Ralph Kamps
cirexnews.com Why office design is changing so fast
The career patterns of those fresh-faced office recruits who might stay with the company for a couple of years – maybe – is one of the newest challenges for workplace designers.
As a design conference heard this week: “43 per cent of millennials expect to leave their jobs in two years. It’s now about keeping people and keeping them moti- vated. And the magic of work spaces is that we can help out with that”.
So posited Christine Candido, of the University of Sydney’s School of Architec- ture, at the future-focused Work Place/Work Life conference in Melbourne, one of the regular Design Speaks forums hosted by Architectural Media...
RSK: Definitely a hay day for designers. This needs to translate over to existing office buildings as well. A bit more challenging but there is more empty existing space that needs this than new space being built.
Ken Notes: EPIC continues to suggest that design is an integral part of their productivity and and ability to attract key employees.
This Startup in WeWork’s World Is Targeting the 10- to 100-Worker Company
800x-1.jpgConvene, which provides flexible meeting and working space, enlarged its midtown Manhattan footprint with its biggest lease ever, expanding a partner- ship with RXR Realty LLC and going after the small to medium-size tenant that industry leader WeWork Cos. has just begun to court.
The New York-based startup has leased 116,000 square feet (nearly 11,000 square meters) of office space spanning four floors at RXR’s 530 Fifth Ave. The target is businesses with 10 to 100 employees.
“This is mainly for companies looking for under 10,000 square feet that have outgrown a co-working environment but are not yet ready to commit to a long- term lease with a building owner,” Ryan Simonetti, co-founder and chief executive officer of Convene, said in an interview. “We feel that whole segment has really been forgotten about.”...
RSK: Another player in this sector. And all the time Regus just keeps doing what they do best and growing with no hype or fanfare. Love it.
Ken Notes: Was meeting with a broker from Minneapolis / St. Paul. over the weekend, she suggested that some of her major companies were moving into WeWork spaces for flexibility and convenience. They were taking full 20K floors in downtown...
Wisconsin Development News
by KEN HARWOOD
wisconsindevelopment.com
The Allure Of Destination Breweries As Rural Economic Engines
Craft beer fans seeking different flavors are accustomed to hitting the road to taste offerings from breweries both near and far from home. Special releases of new and limited-run creations are a big draw, but so too are the breweries themselves.
As the craft beer industry has blossomed over the past decade, so too have options for such visits. The Brewers Association, a national trade association for craft beer-related businesses, reported that in 2017, craft consumers visited three-and-a-half breweries near their homes and two-and-a-half breweries within two hours` driving distance on average...
...Two high-profile craft beer destinations in Wisconsin are New Glarus Brewing and Central Waters Brewing. Based in the villages of New Glarus and Amherst, respectively, communities in rural settings yet not too far a drive from larger cities, both have been drawing increasingly large crowds for the past couple decades....
Ken Notes: I have been advocating for this for about five years now. What we really need is a craft beer marketing board modeled after the Milk Marketing board. Wisconsin need to establish State brand identity for our craft products.
Beitler Real Estate drops Judge Doyle Square lawsuit against Madison
After suing the city of Madison in June over the Judge Doyle Square project, Chicago-based Beitler Real Estate Services voluntarily dropped its lawsuit without prejudice Wednesday...
...“The city is pleased with this result and had insisted that this was a necessary first step in order to have productive discussions on the future of the development,” City Attorney Mike May said. “With the lawsuit out of the way, the city hopes to renew discussions with Beitler on how to modify the existing Development Agreement so that the project may proceed.”...
Ken Notes: It is the talks that now matter and we need to keep this on track. I hope we do not take more actions without the discussions both parties have now suggested are important.
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
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.
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