SOLD: 5926 W US Hwy 14

Bill Mears represented both sides in this million-dollar deal! Call (608) 752-6325 for more information.

SOLD: 1333 Excalibur Dr

This office building with a large garage space was sold today for $160,000!

SOLD: 1162 E High St

Bill Mears brokered the sale of this 5,800 SF industrial building in Milton, WI, that closed earlier today!

SOLD: 535 W Wall St

Bill Mears and Kurt Egan represented the sellers in this industrial deal with a sale price of $940,000 - way to go, guys!

SOLD: 1824 & 1840 Lafayette St

Congratulations to Kurt Egan for brokering the $195,000 sale of this office and warehouse building!

We’ve got good news and not so good news. Which do you want first?

Author Randyl Drummer at Costar in his article “Déjà vu All Over Again? CRE Whipsaws Up and Down in Face of Economic Uncertainty” delivers the good news first followed by disappointing outlooks from the private sector.

Our own experience kind of echoes the whipsaw reference you will see in Drummer’s story. We saw a strong first quarter with big announcements about future medical projects, the opening of the new St. Mary’s hospital at the tail end of 2011 and strong absorption of vacant industrial space. Then things went kind of quiet and now at the end of the 3^rd quarter we are seeing retail beginning to pick up a bit. One national chain has committed to Beloit and several are giving Janesville a hard look.

On the housing front, a check in with my colleague Randy Borman at Century 21 delivered some surprising good news to those of us who dwell in the commercial real estate orbit. Home sales are up along with values. Now that is good news!

Please click here for the full article.