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

Where Will the Jobs Come From? | Grubb & Ellis | Wausau Wisconsin

filed under: Commercial Real Estate Market posted on May 21st, 2010

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.

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Financing for Commercial Real Estate is Starting to Thaw | Grubb & Ellis | Wausau, Wisconsin

filed under: Commercial Real Estate Market posted on April 23rd, 2010

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%.

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Cap Rate a Method to Determine the Value of Investment Properties

filed under: Commercial Real Estate Market, Real Estate Investment Strategies posted on April 23rd, 2010

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.

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16.58 Acres of Commercial Land For Sale | Weston Wisconsin | Grubb & Ellis

filed under: Commercial Property For Sale, Investment Property For Sale posted on April 21st, 2010

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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Self-Directed Retirements Plans & Opportunies for Small Accounts | IRAs & 401kS

filed under: IRA & 401K Invest in Real Estate, Real Estate Investment Strategies posted on April 14th, 2010

Self-Directed Retirment Plans & Opportunies for Small Accounts | IRAs & 401Ks: Tax Liens on Raw land, Building lots, Single-family homes, Multi-family homes, Vacation properties excellent opportunies for those investors with small accounts to start investing in real estate properties.

While some investments require a large amount of cash, tax liens can provide investment options for small accounts. Here’s how it works: When a property owner does not pay his property taxes, the taxing entity will place the property up for a “tax sale.” An investor will pay the amount of past due taxes, and the homeowner has a pre-defined period of time to pay their taxes (and thus repay the investor) before they lose their rights to the property. The investor typically receives a pre-determined interest rate on the investment he made.

If the property owner does not pay the past due taxes, then the investor can proceed with foreclosure to recoup his investment. While the likelihood of acquiring a property through this process is very low, investors use this investment to earn a good pre-determined rate of return. Rules governing tax liens vary among local, county and state governments so be sure to research the municipality before investing.

For more information Join Security Trust Company and their guest speaker, Nicheole Amundsen, as she shares investment opportunities for retirement account owners with small account balances.

You’ll learn the basics of self-directed retirement accounts and Ms. Amundsen will discuss both ownership and notes in mobile home investing.

Reserve your webinar seat now for April 20th 7:00 p.m – 8:00 p.m. EDT
Click Here for more information.

To learn more about real estate investing opportunities contact Ark Rhowmine, Broker.

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Grand Slam of Good News | Commercial Real Estate | Wausau Wisconsin

filed under: Commercial Real Estate Market posted on April 9th, 2010

Grand Slam of Good News |Commercial Real Estate: Maybe it’s just that spring has arrived along with its sense of rebirth and optimism (especially for Cubs fans, whether it’s warranted or not), but it really seems like the news keeps getting better.

Last Friday the Bureau of Labor Statistics reported that payroll employment rose by 162,000 in March including 123,000 in the private sector, the best performance in three years. That number comes from the establishment survey. Less noticed was that the household survey, from which the unemployment rate is derived, reported that 264,000 more people were employed in March than in February following an increase of 308,000 the previous month. Coming out of a recession, the household survey is believed to be the more reliable indicator because it picks up hiring by start-up companies.
Thomson Reuters reported yesterday that same-store retail sales rose 9.1 percent in March, the strongest monthly gain since 2000 when the company began tracking the data. The gains were spread across all merchandise categories. March sales benefited from warm weather and because Easter occurred a week earlier this year, pushing holiday-related shopping into March. Nonetheless, this performance handily beat expectations for a 6.3 percent increase and seems to signal that consumers are getting back in the game.
The Institute for Supply Management’s non-manufacturing index, which tracks the service sector, increased to 55.4 in March. Like the more widely publicized manufacturing index, values above 50 indicate expansion. The manufacturing index has been above 50 for eight consecutive months as business capital spending began to grow again, but the non-manufacturing index has been slower to rebound. The recent strength suggests the recovery is broadening out across the economy.
If you didn’t catch it last night, Jim Cramer gave a ringing endorsement for commercial real estate on his CNBC show, “Mad Money.” Click here to read the summary and view the video.

4-9-10

Lastly, if you can’t quite believe that all this good news is for real, take a look at this article in today’s New York Times on why people remain skeptical about the recovery. Economic weak spots persist, but psychological and political factors are at work, too.

Re-Post and Source:
Robert Bach, SVP, Chief Economist, Grubb & Ellis, 312.698.6754

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Commercial Real Estate Forecast | Wausau WI

filed under: Commercial Real Estate Market posted on April 2nd, 2010

Commercial Real Estate Forecast: The first quarter of 2010 is now behind us and there are signs of improvement of all major economies. The US growth is finally trending up which could be contributed to many different reasons. Within the four major areas of commercial real estate, each are showing some up swing. However, each area will return at its own pace.

Industial – The industrial market appears to have bottomed out and a recovery is expected to be in full swing the second half of this year. In fact a few markets across the U.S. have already began to come back. Rents are expected to increase again in 2011.
Office – The office market is expected to begin its recovery mid-year as well although much of it will depend on job growth.
Retail - Retail development has slowed considerably. However, neighborhood and local centers are starting fill with tenants.
Multifamily – Multifamily demand will supersede supply in 2011 with families having to relocate from their single family homes. This shortage will continue through 2014 due to the downward trend in home ownership.

To view other commercial properties listed by Ark Rhowmine , Commercial Real Estate Broker, please click here.
_______________________________________________________________
Ark Rhowmine | Commercial Real Estate Agent | Broker
Grubb & Ellis | Pfefferle
P.O. Box 865 | Wausau | WI | 54402-0865
C: 715.297.1953 | O: 715.355.6060 | F: 715.355.6044

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Auction | Commercial Property | Weston WI

filed under: Commercial Property For Sale, Investment Property For Sale posted on April 1st, 2010

Auction Commercial Property Weston WI: Due to unacceptable purchase terms and contingencies on submitted bids, the seller is once again offering these two properties to interested buyers. This is a second opportunity to buy either one or both of these properties where the minimum bids have also been reduced! The seller is serious about selling with no contingencies and with a fast escrow closing. The bid deadline has been extended to 5PM CDT on April 22nd to give you time to consider your purchase, visit the properties and submit your bid.

LFC Auction #857-1 | 6615 County Road J, Weston, WI
This auction is for 7.7 +/- acres of commercially zoned M-1 land, including a newly constructed retail/office complex. The bulding features 4 suites consisting of 2 conference halls, a restaurant, and a large office suite. There are also 3 out-lots available for future construction. All suites and future out-lots share a common parking lot (200 +, paved, curbed and guttered).
Minimum Bid: $700,000.00

LFC Auction #857-2 | 5705 County Road J, Weston, WI
This auction is for 4 =/- Acres of commercially zoned M-1 land near the Weston Industrial Park. Conveniently off Hwy-29.
Minimum Bid: $250,000.00

All bids are Sealed Bids. Click here for more information.

To view other commercial properties listed by Ark Rhowmine , Commercial Real Estate Broker, please click here.
_______________________________________________________________
Ark Rhowmine | Commercial Real Estate Agent | Broker
Grubb & Ellis | Pfefferle
P.O. Box 865 | Wausau | WI | 54402-0865
C: 715.297.1953 | O: 715.355.6060 | F: 715.355.6044

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