The Take on Commercial Real Estate

On Tuesday, January 31, CARW and REDIComps welcomed Moody’s economist Thomas P LaSalvia, Ph.D. to speak at the annual Economic and Commercial Real Estate Outlook. He focused on macroeconomic issues driving the economy and their impact on various sectors of commercial real estate both nationally and in Wisconsin. A few key takeaways involved labor and demographic shifts as well as changing consumer behavior and space utilization. His insights were surprisingly optimistic compared to other economists. Moody’s looks at a number of standard and unique indicators that reveal the market’s resilience and the long-term stability commercial real estate continues to provide for investors. Thomas’ research within commercial real estate broadly includes space and capital market performance across multiple sectors, but Thomas’s keen interest and expertise lies within the subdiscipline of optimal location theory. In addition to presenting his findings to a variety of clients and organizations, his insights are frequently published in leading industry and wider-audience periodicals including the Wall Street Journal, New York Times, Newsweek, Scotsman Guide, and Commercial Observer. Prior to joining Moody's Analytics, Dr. LaSalvia was an industry consultant while also serving as a Lecturer of Economics at The College of William & Mary.

Jeff Hoffman, SIOR, CCIM | Cushman & Wakefield | The Boerke Co. On this episode of The Take, host Tracy Johnson talks with Jeff Hoffman, Partner with Cushman & Wakefield | The Boerke Co. about his book, Industrial Is What we Do: Building Wisconsin’s Future on a Foundation of Industry. The book explores Wisconsin’s opportunity for success in manufacturing over the next decade as businesses face pressures around housing, automation, education, workforce, and infrastructure. Jeff explains the inspiration for writing the book based on his career as an industrial real estate broker and an active board member with several organizations (including CARW) focused on policy matters. His comments underscore the importance of understanding broad issues facing Industry as Wisconsin leaders look to the future. Jeff speaks with CEOs and policy experts to share insights and draw conclusions about the path forward. He also discusses the intrigue of commercial real estate as a career choice. Proceeds from the book support the Waukesha County Technical College 2030 Scholarship Fund. More information can be found here: https://buff.ly/3Cz3NxY

Joe Peterangelo, Senior Researcher | Wisconsin Policy Forum Lori Lutzka, Development Projects Manager | Department of City Development Chad Navis, Senior Vice President | Zilber Tracy Johnson is joined by Joe Peterangelo from the Wisconsin Policy Forum, Lori Lutzka from the Department of City Development, and Chad Navis from Zilber Property Group. These three experts discuss Tax Increment Financing (TIF), how it’s used, who uses it, and give examples of successful TIF projects. Follow us for more Wisconsin commercial real estate content!

Jim Paetsch, Vice President | Milwaukee 7 Wade Goodsell, COO | Wisconsin Manufacturers & Commerce On this episode of The Take, host Tracy Johnson sits down with Jim Paetsch from Milwaukee 7 and Wade Goodsell from the Wisconsin Manufacturers & Commerce (WMC). They discuss Wisconsin’s economic development environment and the issues driving business in the State. They cover the state of the Wisconsin economy, advantages of doing business in Wisconsin, how Wisconsin competes for business with other states, and so much more. Be sure to follow us for more Wisconsin commercial real estate content!

Adam Newman, Executive Vice President | Landmark Credit Union Eteri Zaslavsky, Managing Director | Next Realty Kevin Schmoldt, Managing Director | Newmark On this episode of The Take, host Tracy Johnson brings experts to the table to discuss the investment market, and getting deals done in Wisconsin. The conversation is wide-ranging and focuses on several retail-specific deals. Tracy is joined by Adam Newman from Landmark Credit Union, Eteri Zaslavsky from Next Realty, and Kevin Schmoldt from Newmark. This episode covers why Wisconsin is a great place to invest, how market conditions are impacting real estate investments, and advice on how to “get deals done”. Make sure to follow us for more Wisconsin commercial real estate content!

Lawrence Yun, Chief Economist | National Association of REALTORS On this episode of The Take on Commercial Real Estate, Tracy Johnson is joined by Lawrence Yun, Chief Economist at the National Association of REALTORS. Lawrence shares his knowledge on the overall health of the commercial market, the impacts of inflation on commercial real estate, and national trends regarding office real estate and the retail sector. Make sure to follow us for more Wisconsin commercial real estate content!

Welcome to The Take on Commercial Real Estate. A podcast produced by the Commercial Association of REALTORS Wisconsin. We explore issues and topics that impact the commercial real estate industry. We talk with the experts to gain insights and information that help business leaders and commercial real estate practitioners enhance their client’s success. Commercial Real Estate is not just about buildings and infrastructure but about business, job creation, and economic development. A real estate expense is among the top expense for a business. Along with labor, it is a key consideration. Working with our leaders, we determined that a key way to share information and insights that move our State and our industry forward was to create a strategic and thoughtful podcast highlighting the challenges and opportunities; people and perspectives that guide our industry and our State’s economy. So we’ll talk about TIF policy and economic development, getting the deal done, and investment hurdles. We’ll feature local, regional, and national experts – often on panels to bring you a broader, thoughtful way of looking at the industry. This series is produced with support from the National Association of REALTORS and Landmark Credit Union.