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2010 Wausau Area Small Businesses of the Year | Wausau, Wisconsin
Congratulations 2010 Wausau Area Businesses of the Year! We would like to recognize two businesses in our area that were awarded as Small Business of the Year for 2010 by the Wausau Regional Chamber of Commerce. Each year the Wausau Chamber awards two area small businesses as the Small Business of the Year and this years awards went to Home Insulation company, Inc. and Becher Hoppe.
Home Insulation Company, Inc. has been serving the Wausau area since 1938. Always the innovators, Home Insulation developers are marketing their “snug fit” product where the technologically driven insulation fits into every crevice nook and cranny. The innovative products are designed to save homeowners precious dollars and works to enhance efficient energy use. For more information about Home Insulation Company, Inc. click here.
Becher Hoppe began as an engineering and surveying firm back in 1954. Today Becher Hopper is located right at the heart of our Central Business District. Premier architectural services round out their firm’s offerings. Becher Hoppe offers an array of services to municipalities(site development plans), business (expansion and development work) and individuals (home and small business solutions). For more information about Becher Hoppe click here.
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For your Commercial and Investment Real Estate needs hire the Commercial Professionals. Grubb & Ellis | Pfefferle is the ONLY National Commercial Real Estate Broker in North Cenrtal Wisconsin. Independently Owned and Operated
View Ark Rhowmine’s Commercial Listing.
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Ark Rhowmine | Commercial Real Estate Advisor | Broker
Grubb & Ellis | Pfefferle
P.O. Box 865 | Wausau | Wisconsin | 54402-0865
C: 715.297.1953 | F: 715.355.6044
The Long Slog: The Bureau of Labor Statistics Released… | Wausau, Wisconsin
The Long Slog: The Bureau of Labor Statistics released its anticipated monthly employment report this morning, revealing a modest gain of 83,000 private sector jobs in June and a top-line loss of 125,000 total nonfarm jobs. The Census Bureau laid off 225,000 temporary workers last month who were hired for the 2010 Census, causing the large gap between total and private sector jobs. April and May data were revised slightly higher by 25,000 total jobs and 15,000 private sector jobs. Other key points in the report:
- The unemployment rate fell from 9.7 percent in May to 9.5 percent in June, but this was largely because 652,000 people left the labor force, reducing the labor force participation rate from 65.0 to 64,7 percent. More people became discouraged and stopped looking for work.
- Average hourly earnings and the average workweek length were unchanged indicating that incomes have been slow to ramp up.
The June report reveals a labor market that is expanding slowly, and it confirms other recent economic reports on retail sales, manufacturing and housing showing that the recovery has lost some momentum. Reasons for this include European debt woes, the waning effects of the stimulus, lingering caution on the part of both businesses and consumers, and severe deficit problems in state and local governments.
Private hiring clearly has not yet reached the velocity needed to make the recovery self-sustaining, but the June report does suggest that the labor market and the broader economy continue to move forward. The odds of a double dip recession have increased; the question is being asked more frequently in the current environment than it was a few months ago, but the jury is still out. If the economy continues to lose momentum, then a double dip is more likely. But if the economy can stabilize even at this lower level, the recovery will remain intact. We’ll know more over the next few weeks.
Source, Robert Bach , SVP, Chief Economist , Grubb & Ellis , 312.698.6754
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For your Commercial and Investment Real Estate needs hire the professionals. Grubb & Ellis | Pfefferle is the ONLY National Commercial Real Estate Broker in North Cenrtal Wisconsin. Independently Owned and Operated
View Ark Rhowmine’s Commercial Listing.
________________________________________________
Ark Rhowmine | Commercial Real Estate Advisor | Broker
Grubb & Ellis | Pfefferle
P.O. Box 865 | Wausau | Wisconsin | 54402-0865
C: 715.297.1953 | F: 715.355.6044
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For more Commercial Real Estate Market Issues:
Financing for Commercial Real Estate is Starting to Thaw
Bellwethers – FedEx, Considered a Bellwether for the Economy
Halftime Pep Talk | Commercial Real Estate Market | Wausau Wisconsin | Real Estate Ambassador
Halftime Pep Talk | Commercial Real Estate Market | Wausau Wisconsin
Halftime Pep Talk : We are at the midpoint of 2010, and the economy and the commercial real estate markets are trudging ahead. It’s not a V-shaped recovery, unfortunately, nor does a double-dip recession appear likely – see the chart below showing GDP forecasts from economists at three large financial institutions. Real Capital Analytics says that property sales volume year-to-date through May is 56 percent higher than the same period last year though sales remain low by historic standards. Demand is focused at either end of the quality spectrum – core assets in primary markets or deeply discounted troubled assets. Broad pricing metrics such as cap rates and repeat-sale property indexes have stabilized. Leasing market fundamentals have stabilized for apartments while the office, industrial and retail markets are nearing a bottom.
Early in the year, the economy appeared to be firming rapidly and the stock market surged ahead, so it looked like the recovery would proceed quickly. But in the second quarter Europe swooned, the U.S. economy hit some speed bumps and Wall Street fizzled. When you average it out, we’re getting exactly what most analysts expected at the beginning of the year – a gradual recovery.
It doesn’t feel like a recovery, but neither did it feel like a recovery in 2002 and 2003 though the prior recession ended in November 2001. Nor did it feel like a recovery in 1992 and 1993 despite the fact that the prior recession ended in March 1991.
One big difference between now and the early 1990s is that today there is plenty of capital chasing commercial real estate or waiting on the sidelines to do so. The industry retains its popularity as an investment asset class, which was not really the case in the early 1990s when word on the street was that the market would not need any new space until after the millennium, a forecast that proved far too pessimistic.
Fear not, readers; though the economy is not roaring ahead, commercial real estate is attracting more investor interest than we could have hoped for a year ago while the leasing market is finding its footing. The recovery is going according to plan.
Have a great weekend.
Source: Robert Bach ,SVP, Chief Economist ,Grubb & Ellis , 312.698.6754
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For your Commercial and Investment Real Estate needs hire the professionals. Grubb & Ellis | Pfefferle is the ONLY National Commercial Real Estate Broker in North Cenrtal Wisconsin. Independently Owned and Operated
View Ark Rhowmine’s Commercial Listing.
________________________________________________
Ark Rhowmine | Commercial Real Estate Advisor | Broker
Grubb & Ellis | Pfefferle
P.O. Box 865 | Wausau | Wisconsin | 54402-0865
C: 715.297.1953 | F: 715.355.6044
For more Commercial Real Estate Market Issues:
Financing for Commercial Real Estate is Starting to Thaw
Bellwethers – FedEx, Considered a Bellwether for the Economy
Bellwethers – FedEx, considered a bellwether for the economy | Grubb & Ellis | Wausau Wisconsin
Bellwethers – FedEx: Bellwethers – FedEx, considered a bellwether for the economy, yesterday reported strong results for its fiscal fourth quarter ending May 31st. The company made a profit of $419 million or $1.33 a share on revenues of $9.43 billion, up by 20 percent from the year-ago quarter. FedEx forecasted earnings for its new fiscal year of $4.40 to $5 a share. Notably, it reported no slowdown in its European business despite the financial turmoil and economic concerns clouding the outlook for the region.
Another bellwether, the Conference Board’s index of leading indicators rose 0.4 percent in May while April’s reading was revised from -0.1 percent to flat – so no sign of a double-dip recession.
Have a great weekend.
Source: Robert Bach , SVP, Chief Economist , Grubb & Ellis , 312.698.6754
Personal Note From Ark:
For those of you who are receiving ”Good News Friday” for the first time, and those who have been right along, approximately a year ago Robert Bach, Senior VP, Chief Economist of Grubb & Ellis, started writing GNF to help readers find GOOD in the economy. Some days it has been a little difficult for him. But all-in-all he has been able to share good news with us. With permission, I have picked this up and have been forwarding GNF on to my friends and business contacts for about year now. I have received positive feedback from many of you. I hope to continue this service and that you continue to enjoy and gain from it.
If you would like to receive Good News Friday, please feel free to contact me direct at arkr@gepwi.com and I will place you on the distribution list.
Thank you for allowing me into your office,
Ark Rhowmine
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For your Commercial and Investment Real Estate needs hire the professionals. Grubb & Ellis | Pfefferle is the ONLY National Commercial Real Estate Broker in North Cenrtal Wisconsin. Independently Owned and Operated
View Ark Rhowmine’s Commercial Listing.
________________________________________________
Ark Rhowmine | Commercial Real Estate Advisor | Broker
Grubb & Ellis | Pfefferle
P.O. Box 865 | Wausau | Wisconsin | 54402-0865
C: 715.297.1953 | F: 715.355.6044
For More Good Morning Friday Articles:
Financing for Commercial Real Estate is Starting to Thaw
Don’t Blame Canada | Grubb & Ellis | Wausau Wisconsin
Don’t Blame Canada: Canada did many things right before the run-up to the credit crisis and during the crisis itself, and now the Canadian economy is recovering more quickly than the U.S. and Europe. First quarter GDP grew at an annualized rate of 6.1 percent, the sharpest increase in more than 10 years and the fastest growth among G-7 countries. Total employment in Canada fell by 2.7 percent versus a peak-to-trough decline of 6.1 percent in the U.S. Since bottoming in August 2009, Canadian employers have added 115,000 net new jobs, recouping 28 percent of the 407,000 jobs lost in the downturn. More conservative financial institutions and a stable housing market helped cushion Canada’s economy from the crisis while global demand for commodities has given the recovery a leg up.
Back in the U.S., The Wall Street Journal ran a must-read editorial yesterday on why fears of a double-dip recession are overstated – see attached.
Source: Robert Bach , SVP, Chief Economist , Grubb & Ellis , 312.698.6754
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For your Commercial and Investment Real Estate needs hire the professionals. Grubb & Ellis | Pfefferle is the ONLY National Commercial Real Estate Broker in North Cenrtal Wisconsin. Independently Owned and Operated
View Ark Rhowmine’s Commercial Listing.
________________________________________________
Ark Rhowmine | Commercial Real Estate Advisor | Broker
Grubb & Ellis | Pfefferle
P.O. Box 865 | Wausau | Wisconsin | 54402-0865
C: 715.297.1953 | F: 715.355.6044
Why Use a Commercial Real Estate Broker | Wausau, Wisconsin
Why Use a Commercial Real Estate Broker?
Commercial Real Estate Brokers are Business Minded people who understand there commercial clients’ needs and are driven by the economics of a transaction.
Commercial Real Estate Brokers have an in-depth knowledge of commercial properties, valuations, financial alternatives and available economic incentives. In addition, they are connected with the decision makers of the community and work regularly with Towns, Villages, Cities and the State regarding zoning, conditional use, wetlands, CSM’s and building permit processes.
Commercial Real Estate Brokers have developed sophisticated property databases and have access to a wide variety of material that will assist them in marketing, searching, negotiating and representing their clients in the most professional manner possible.
Commercial Real Estate Brokers are professionals who specialize exclusively in commercial real estate.
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For your Commercial and Investment Real Estate needs hire the professionals. Grubb & Ellis | Pfefferle is the ONLY National Commercial Real Estate Broker in North Cenrtal Wisconsin. Independently Owned and Operated
View Ark Rhowmine’s Commercial Listing.
________________________________________________
Ark Rhowmine | Commercial Real Estate Advisor | Broker
Grubb & Ellis | Pfefferle
P.O. Box 865 | Wausau | Wisconsin | 54402-0865
C: 715.297.1953 | F: 715.355.6044
Where Will the Jobs Come From? | Grubb & Ellis | Wausau Wisconsin
Where Will the Jobs Come From?
Many people I speak with are skeptical that the labor market recovery is real and sustainable. It’s true that the 573,000 net new payroll jobs created year-to-date is merely a down payment on the 8.4 million jobs lost in 2008 and 2009, but the trend is moving in the right direction. A particularly hopeful sign is that new business creation surged to a 14-year high in 2009. “Challenging economic times can serve as a motivational boost to individuals who have been laid-off to become their own employers and future job creators,” according to the Kauffman Foundation, the study’s author. Entrepreneurship is strongest in the West and South. Click here to view a summary of the study, and click here to listen to a story from American Public Media’s “Marketplace” radio show.
What kinds of jobs are being created? Moody’s Economy.com reports that the following sectors will see the biggest percentage gains in jobs added this year:
- Medical Services
- Industrial Services
- Computer Software & Services
- Restaurants
- Biotechnology
- Environmental Services
- Retail Stores – General
- Banking
- Medical Supplies
- Retail Stores – Specialty Lines
The American free enterprise system is working as advertised.
Have a great weekend.
Source: Robert Bach, SVP, Chief Economist , Grubb & Ellis , 312.698.6754
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For your Commercial and Investment Real Estate needs hire the professionals. Grubb & Ellis | Pfefferle is the ONLY National Commercial Real Estate Broker in North Cenrtal Wisconsin. Independently Owned and Operated
View Ark Rhowmine’s Commercial Listing.
________________________________________________
Ark Rhowmine | Commercial Real Estate Advisor | Broker
Grubb & Ellis | Pfefferle
P.O. Box 865 | Wausau | Wisconsin | 54402-0865
C: 715.297.1953 | F: 715.355.6044
Financing for Commercial Real Estate is Starting to Thaw | Grubb & Ellis | Wausau, Wisconsin
Financing for Commercial Real Estate is Starting to Thaw: The following is a blog post I received today from Good News Friday Grubb & Ellis Corp. Office.
“Equity investment capital targeted for commercial real estate has been sitting on the sidelines for well over a year. A number I heard at last week’s Urban Land Institute conference was $150 billion, which could be leveraged higher if only leverage were available. Now it appears that debt is coming back according to an article posted this week on LoopNet (click here). Traditional lenders are offering better terms while new players are entering the market. According to the article, “While trophy properties in major markets are seeing most of the increased lender interest, assets in secondary markets are also attracting stronger interest.
This graph from Real Capital Analytics seems to support that view. Cap rates have already turned lower in primary markets and seem poised to turn lower in secondary and tertiary markets. This trend is based on low deal volume, but volume is starting to rebound, up 25 percent in the first quarter compared with the very low base in the first quarter of 2009.
It’s hard to believe because the market seemed frozen as recently as six months ago, but buyers, sellers and lenders, while not all on the same page yet, seem to be moving in that direction.”
Source: Robert Bach , SVP, Chief Economist , Grubb & Ellis , 312.698.6754
This was written reflecting the national market. One has to remember each market is different and changes at it’s own pace due to local influences. Our own market in northern and central Wisconsin is still reflecting a Cap Rate of 9.5 % – 10.5%.
View Ark Rhowmine’s Commercial Listing.
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Ark Rhowmine | Commercial Real Estate Advisor | Broker
Grubb & Ellis | Pfefferle
P.O. Box 865 | Wausau | Wisconsin | 54402-0865
C: 715.297.1953 | O: 715.355.6060 | F: 715.355.6044
Cap Rate a Method to Determine the Value of Investment Properties
Cap Rate a Method to Determine the Value of Investment Properties. Many investors and appraisers use a Cap Rate (Capitalization Rate) to determine the value of investment property.
The Cap Rate is calucaled by determining the ration between the purchase price (Value) and the Net Operating Income (NOI) of the property. The formula being: Cap Rate = NOI / Value or R=I/V. Likewise, the Value or purcahse price of the property can be determined by using this formula as well. Value = NOI / Cap Rate or V=I/R.
The benifit to using Cap Rate as a measurement of the value of property is that it is easily calculated and accounts for the operating expenses of the property. It can also allow the buyer – investor to compare and indentify with comparable transations and data sources with the market. However, once an investment property is found or pirks the interest of a buyer by it’s Cap Rate, they should to further calculate the return on investment as well. This is known as Return on Cash or Cash-on-Cash. I will discuss this in a future blog.
View Ark Rhowmine’s Commercial Listing.
________________________________________________
Ark Rhowmine | Commercial Real Estate Advisor | Broker
Grubb & Ellis | Pfefferle
P.O. Box 865 | Wausau | Wisconsin | 54402-0865
C: 715.297.1953 | O: 715.355.6060 | F: 715.355.6044
16.58 Acres of Commercial Land For Sale | Weston Wisconsin | Grubb & Ellis
16.58 Acres of Commercial Land For Sale in Weston, Wisconsin. Prime development area in the fast growing Village of Weston. Located just off State Hwy-29 at exit-177 and County Road J in Weston. Near the Weston Technology Industrial Park. High commercial traffic. Will subdivide or build to suit.
Snap Shot:
- Total Acres 16.58
- Buildable Acres 14.5
- Wetlands Acres 2.0
- Asking Price $1,950,000.00
- Zoned M-1 Commercial
- Utilities Municipal Sewer & Water
Property Profile
- Prime Commercial Land – Zoned M-1
- Located on the intersection of Hwy-29 & Count Rd. J in Weston, Wisconsin
- Traffic County:
- Hwy- 29 16,500 ADT
- County Rd J 5,000 ADT
- Near Weston Technology Industrial Park
- 7-minutes east of Wausau on Hwy-29 towards Green Bay, WI
Seller Offering
- Seller willing to trade or Partner
- Seller willing to Build or Subdivide to Suit. Preliminary CSM available.
- Seller Financing Available with certain terms and conditions for qualified buyers.
For more information regarding this commercial property click here.
To learn more about commercial real estate and investing opportunities
please contact Ark Rhowmine, Broker.
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Ark Rhowmine | Commercial Real Estate Advisor | Broker
Grubb & Ellis | Pfefferle
P.O. Box 865 | Wausau | Wisconsin | 54401
C: 715.297.1953 | O: 715.355.6060 | F: 715.355-6044
Ark Rhowmine Grubb & Ellis | Pfefferle PO Box 865 Wausau, WI 54401 Office // 715.355.6060 Fax // 715.355.6044 Cell // 715.297.1953 ArkR@gepwi.com
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