Real Estate Ambassador by Ark Rhowmine » Commercial Real Estate Broker Wisconsin

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 | Pfefferl 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.

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

********************************************************

********************************************************

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.

_______________________________________________________________

Happy Labor Day | Commercial Real Estate Wausau Wisconsin

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

_______________________________________________________________

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

********************************************************

********************************************************

_______________________________________________________________

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.

_______________________________________________________________

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

********************************************************

********************************************************

_______________________________________________________________

The Long Slog: The Bureau of Labor Statistics Released… | Wausau, Wisconsin

arkrhowmine — Fri, 02 Jul 2010 18:33:58 +0000

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

________________________________________________

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.

________________________________________________

For more Commercial Real Estate Market Issues:

Financing for Commercial Real Estate is Starting to Thaw

Don’t Blame Canada

Where Will The Jobs Come From

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

arkrhowmine — Fri, 25 Jun 2010 21:15:18 +0000

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

——————————————————————————————-

View Ark Rhowmine’s Commercial Listing.

For more Commercial Real Estate Market Issues:

Financing for Commercial Real Estate is Starting to Thaw

Don’t Blame Canada

Where Will The Jobs Come From

Bellwethers – FedEx, Considered a Bellwether for the Economy

Bellwethers – FedEx, considered a bellwether for the economy | Grubb & Ellis | Wausau Wisconsin

arkrhowmine — Fri, 18 Jun 2010 16:18:48 +0000

Bellwethers – FedEx: Bellwethers – FedEx, considered a bellwether for the economy, yesterday reported strong results for its fiscal fourth quarter ending May 31^st. 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

——————————————————————————————-

View Ark Rhowmine’s Commercial Listing.

For More Good Morning Friday Articles:

Financing for Commercial Real Estate is Starting to Thaw

Don’t Blame Canada

Where Will The Jobs Come From

Don’t Blame Canada | Grubb & Ellis | Wausau Wisconsin

arkrhowmine — Fri, 11 Jun 2010 20:37:01 +0000

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

——————————————————————————————-

View Ark Rhowmine’s Commercial Listing.

Why Use a Commercial Real Estate Broker | Wausau, Wisconsin

arkrhowmine — Fri, 04 Jun 2010 19:22:42 +0000

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.

——————————————————————————————-

View Ark Rhowmine’s Commercial Listing.