Real Estate Ambassador by Ark Rhowmine

Commercial Real Estate Loans – Supply & Demand

arkrhowmine — Tue, 31 Jan 2012 22:18:35 +0000

Commercial Real Estate Loans – Supply & Demand: Banks are slowly ramping up their commercial real estate lending according to the Federal Reserve’s quarterly Senior Loan Officer Opinion Survey on Bank Lending Practices. In the newly released January survey, 1.8 percent of respondents said their banks eased standards for CRE loans in the prior three months, the fourth consecutive quarter of easing. Nearly 34 percent reported stronger demand for CRE loans from creditworthy borrowers. While demand for commercial real estate loans has returned to pre-recession levels, banks are loosening standards at a cautious pace. The 30-day delinquency level for bank CRE loans has declined from 8.76 percent in the second quarter of 2010 to a still-elevated 6.69 percent in the third quarter of 2011. Overall, capital availability is increasing for commercial real estate across most sources of debt and equity, which will fuel increasing transaction volume in 2012.

Source: Weekly Market Insight, Robert Bach, Senior Vice President, Chief Economist, Grubb & Ellis, has 30 years of professional experience in real estate market research, consulting and city planning.

Serving: Marathon County, Portage County, Lincoln County, Langlade County, Wood County, Taylor County, Clark County, Chippewa County

Office Center | Investment Property For Sale | Whiting Wisconsin

arkrhowmine — Tue, 21 Jun 2011 21:50:16 +0000

Office Center | Investment Property For Sale Whiting Wisconsin. Grubb & Ellis | Pfefferle of Wausau is please offfer for sale the Post Whiting Center located at 2417 Post Road in Whiting, Wisconsin. Post Whiting Center is a two building, single story, 8,153 SF, class B office building complex located just minutes from I-39 and sits between the City of Stevens Point and the Village of Plover. The two buildings feature a flexible six-to-eight suite layout for a total of 8,153 SF office / retail spcae. There is also prominent sign exposure on the property’s marquee, which is viewed by 17,500 motorists each day on the main commercial corridor joining Stevens Point, Whiting and Plover on Business Hwy-51.

Snapshot

Sale Price $500,000.00
CAP Rate 9.5%
Building Size: 8,153 SF
Acres: 1.1
Zoning: Commercial
Traffic Count: 17,500 AADT (2008)

Property Profile

Office Center with 2 buildings
8 Suite Capacity
Investment property – Ideal for Owner Occupancy
High Traffic – Main thoroghfare
Easy access from downtown Stevens Point, UW-Stevens Point Campus and Plover

For additional information regarding this investment property please contact Ark Rhowmine, Broker, Grubb & Ellis | Pfefferle Commercial Real Estate.

New Medicare Tax Imposed on Real Estate Sales of “High-Income Earners” | Health Care Reform

arkrhowmine — Wed, 29 Sep 2010 21:45:44 +0000

New Medicare Tax Imposed on Real Estate Sales of “High-Income Earners”. Many of you have heard about the new Medicare Tax on investment income, including income from real estate. However, based upon several calls the Wisconsin Realtors Association has recieved, confusion still exists about when the new tax goes into effect, who it applies to, and what types of real estate will be impacted.

Here are the facts:

Beginning in 2013, a new 3.8% tax will be imposed on investment income of “high-income earners” — single households with adjusted gross incomes (AGI) over $200,000 and married households above $250,000. The tax applies to the smaller of the household’s net investment income or the excess of AGI over the thresholds. Capital gains are treated as investment income.

If a household’s AGI exceeds the thresholds, the household will be required to pay the 3.8% tax on the following types of real estate:

	the gain from the sale of a primary residence, if the gain on the home exceeds $250,000 for single households or $500,000 for married households (Note – For primary residences, the tax applies only to the gain over these amounts.)
	the gain from the sale of second homes
	the gain from the sale of investment and commercial real estate
	net rental income from investment properties

Medicare vs. Medicaid:

Medicare, not to be confused with medicaid, is the social health insurance program administered by the Federal Government under the Social Security Act of 1965. Medicaid is the U.S. health program for eligible individuals and families with low incomes and resources. It is jointly funded by the local state and Federal governments and is managed by the states.

For more information on the new Medicare Tax, please visit:

http://www.realtor.org/small_business_health_coverage.nsf/pages/health_ref_faq_med_tax?opendocument

Disclaimer and Source: The above information was provided by the National Association of Realtors (NAR) and the Wisconsin Realtors Association (WRA). This post is intented as an informative article. I am not a CPA nor a financial advisor. Therefore, I would recommend you to contact your personal CPA or financial advisor for more information and personal advise and counsel.

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For your Commercial & Investment Real Estate needs, hire the Commercial Broker.

Grubb & Ellis | Pfefferle
Independently Owned & Operated

The ONLY National Commercial Real Estate Brokerage located in North Central Wisconsin.

Local Presences | Global Reach

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Serving: Marathon County, Portage County, Wood County, Lincoln County, Langlade County, Clark County, Taylor County, Oneida County, Shawano County, Chippewa County, Eau Claire County and other points of Wisconsin.

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Manufacturing Warehouse For Sale | Weston Wisconsin

arkrhowmine — Wed, 29 Sep 2010 02:43:47 +0000

Manufacturing Warehouse For Sale | 8410 Technology Drive | Weston Wisconsin:

This Manufacturing Warehouse is conveniently located in the Weston Business & Technology Park on State Highway – 29. ( Hwy-29 is the 4-Lane corridor between Green Bay & Minneapolis/St. Paul) The building has a 30,000 SF foot print with 26,500 SF manufacture/warehouse floor, plus 7,000 SF office space. The building is located on 5.04 acres built in 2004. Electrical Service consists of 600 Amp/480 Volt/3 Phase. Zoned M-1 for commercial manufacturing.

Snap Shot:

Zoned Heating
2 Loading Docks (Indoors)
1 16 ft. Service Door
Easy Access to State Highway

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For your Commercial & Investment Real Estate needs, hire the Commercial Broker.

Grubb & Ellis | Pfefferle
Independently Owned & Operated

The ONLY National Commercial Real Estate Brokerage located in North Central Wisconsin.

Local Presences | Global Reach

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9.11 | We shall never forget

arkrhowmine — Fri, 10 Sep 2010 08:57:15 +0000

9.11 | We Shall Never Forget

Courtesy of :

Ark Rhowmine, Broker

Grubb & Ellis | Pfefferle
Independently Owned & Operated

The ONLY National Commercial Real Estate Brokerage located in North Central Wisconsin.

Local Presences | Global Reach

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2nd Annual “SABA 2nd Shift” | Weston Schofield Rothschild | Wisconsin

arkrhowmine — Tue, 07 Sep 2010 08:59:44 +0000

2nd Annual “SABA 2nd Shift”: The South Area Business Association will be helding it’s second annual “2nd Shift” Tuesday, September 14, 2010; 5-6 p.m hors d’oeuvres / 6-8 p.m. program at the Rose Garden. $10.00 includes beer, wine soda and hors d’ oeuvres.

At “SABA 2nd Shift” SABA will be hosting a Networking Event. Members and non-members will have an opportunity to learn the correct way to network. The night will be packed full of prizes and networking opportunities. Plan on bringing at 50 business cards to disburse throughout the evening.

This is an affordable opportunity to make connections for your business. You might even sin a one-year membership to SABA! Please RSVP by calling or emailing 715.355.1255 or admin@southareabusiness.com

Don’t forget to bring your business cards!!!

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For your Commercial & Investment Real Estate needs, hire the Commercial Broker.

Grubb & Ellis | Pfefferle
Independently Owned & Operated

The ONLY National Commercial Real Estate Brokerage located in North Central Wisconsin.

Local Presences | Global Reach

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Happy Labor Day | Commercial Real Estate Wausau Wisconsin

arkrhowmine — Thu, 02 Sep 2010 07:28:34 +0000

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For your Commercial & Investment Real Estate needs, hire the Commercial Broker.

Grubb & Ellis | Pfefferle
Independently Owned & Operated

The ONLY National Commercial Real Estate Brokerage located in North Central Wisconsin.

Local Presences | Global Reach

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Habitat for Humanity of Wausau Dedicates Fifty-first Home

arkrhowmine — Thu, 19 Aug 2010 20:17:07 +0000

Habitat for Humanity of Wausau Dedicates Fifty-first Home: Habitat for Humanity of Wausau will host its fifty-first home dedication, the second this summer, on Sunday, August 22, 2010 at 7812 Volkman Street in Rothschild.

The traditional dedication ceremony will begin at 1 p.m. as Habitat for Humanity volunteers join the family to celebrate the completion of another home and the transfer of the mortgage. Special guest, Ron Foreman, principal of the Rothschild Elementary School will welcome the children to his school and will present each one with a small gift. The house will be open for inspection and visitation at 12:30 p.m. on Dedication Day. The community is welcome to attend.

The 1,458 square foot, ranch style house with four bedrooms and two bathrooms, was partially built by 18 DC Everest students under the direction of teacher Chad Pernsteiner as part of the students’ 2009/2010 technology education class. Everest students gained many construction skills as they framed the house from floor joists to rafters.

The house was moved from DC Everest to its current location on May 14, 2010 and set on a foundation that includes a full basement; a one car garage was built at the site by the students after then house was set.

Habitat partner families are required to invest 300 hours of “sweat equity” as part of their purchase agreement – a minimum of 150 of the required hours must be put in at the construction site. The partner family for this house helped to clear the lot of trees and shrubs; helped to rake and seed the entire yard; and helped to do finish trim work. This work along with an additional 150 hours of community service satisfied their required time commitment, making the family eligible to assume the mortgage of their home.

“It is rewarding providing a home for a family that works hard and needs help,” said Ark Rhowmine, president of Habitat for Humanity of Wausau. “Whether volunteers help plant grass, drive nails or are students from the local school system, everyone feels the same satisfaction when a home is dedicated.”

Though the poor economy makes funding a challenge, Habitat Humanity of Wausau is already making plans to build the 53rd Habitat home. Since the high school partnership has been suspended for the coming school year, the next house will probably be built on site.

Before construction begins, Habitat for Humanity of Wausau has several important tasks to complete related to the home 53. First, HFH of Wausau must choose a recipient family who presently resides in substandard housing, but has the financial ability to pay the property taxes and the monthly, zero interest mortgage payments. Once the family is located, HFH of Wausau will begin designing the home and finding a suitable building lot the fits the house plan.

Donations for this home are already being accepted. Many companies have come forward to make house 53 a reality: a millwork company has offered to provide all of the windows; County Materials will 25 yards of concrete needed for the foundation; and grants are available to help pay for some of the framing lumber.

Habitat for Humanity of Wausau’s work is not done – there are many families in the area that still need help. Habitat for Humanity of Wausau operates under the auspices of Habitat for Humanity International. The organization is committed to helping families in the area who face challenging life circumstances own their own homes. Families are awarded homes after undergoing a stringent screening process for eligibility and the ability to service the mortgage.

Habitat for Humanity is thankful for its many volunteers who come forward to make homes a reality for area families. We thank the entire community and our many vendor partners for their continued support.

To learn more about Habitat for Humanity of Wausau, to volunteer, to make a donation, or to complete a home application, please contact Jackie at the Habitat for Humanity office at 715.848.5042 or email her at office@habitatwausau.org.

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For your Commercial & Investment Real Estate needs, hire the Commercial Broker.

Grubb & Ellis | Pfefferle
Independently Owned & Operated

The ONLY National Commercial Real Estate Brokerage located in North Central Wisconsin.

Local Presents | Global Reach

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90th Anniversary of the 19th Amendment

arkrhowmine — Wed, 18 Aug 2010 21:17:52 +0000

90th anniversary of the 19th amendment:

Did you know Ninety years ago today, women got the right to vote. Here’s the text of the 19th amendment, which was ratified on August 18, 1920, by the Tennessee General Assembly: “The right of citizens of the United States to vote shall not be denied or abridged by the United States or by any State on account of sex.” Tennessee was the thirty-sixth state to ratify, giving the amendment the requisite approval of three-fourths of the states; the amendment passed because 24 year-old legislator Harry Burn changed his vote, at the insistence of his elderly mother.

My God Bless these United States

2010 Wausau Area Small Businesses of the Year | Wausau, Wisconsin

arkrhowmine — Wed, 07 Jul 2010 22:17:57 +0000

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 & Investment Real Estate needs, hire the Commercial Broker.

Grubb & Ellis | Pfefferle
Independently Owned & Operated

The ONLY National Commercial Real Estate Brokerage located in North Central Wisconsin.

Local Presents | Global Reach

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