Archives for November 2018

The CARW and ICSC Wisconsin Retail Conference welcomed more than 250 people from across the State.  Attendees participated in 24 roundtable discussions, a project showcase highlighting the latest projects from the region, and retail trivia.  Municipalities also shared their projects through project displays and tables.  Click Here for event photos

Keynote: Milwaukee Bucks President made news at the event highlighting the importance of the 365-day entertainment destination.  He suggested that timing is of the essence to determine a financial solution with willing political and business leaders.

Roundtable Presenters: Local and national CRE leaders shared information about best practices and trending topics in Retail CRE.  The tables were packed and attendees walked away wanting more!  (Scroll down to view the list of roundtable presenters and topics)

Project Showcase: Local and National presenters gave status updates on their projects.  Projects included: Prairie Lakes | The District/Mayfair Collection | Whitestone Station | Shorewood Metro Market | Drexel Town Square | Chapman School Redevelopment | Freshwater Plaza | Brookfield Square Redevelopment | Calhoun Crossings | The Corridor (Brookfield) | The Corners  Click Here for the project showcase presentations

GREAT thanks to the committee who worked tirelessly to pull the event together:

Tom Bruss | Commercial Property Associates
Patrick Cairns | Kohl’s
Dan Cohen | Mid-America Real Estate
Brad Dallet | Whyte Hirschboeck Dudek, S.C.
Andy Dettro | Realty Link
Adam Dreier | Mid-America Real Estate
CJ Goldberg | CBRE
Tom Goldsmith | Culvers
Dan Jeserig | iCap Development
Tracy Johnson | CARW
Joe Kleiman | Mid-America Real Estate
Ross Koepsel | Commercial Property Associates
Mark Lake | Wangard Partners
Russ Sagmoen | Colliers International
Scott Satula | Mid-America Real Estate
Kevin Schmoldt | NAI MLG Commercial
Cory Sovine | Siegel-Gallagher
Harold van Ommeren | Famous Footwear
Brian Vanevenhoven |NAI MLG Commercial
Kurt Wallin | ICSC
Benjamin Weiland | CBRE
Ann Werth | City of Wausau

Our sponsors make this event happen.  We are grateful! 

Negotiating LOIs; Brad Dallet  (Whyte Hirschboeck Dudek S.C.)
Bank Underwriting; Ivan Gamboa (Tri-City National Bank)
Milwaukee Downtown, BID #21; Matt Dorner (Milwaukee Downtown, BID #21)
Tax Credits; Hal Karas (Whyte Hirschboeck Dudek S.C.) & Randy Roth (Endeavour)
Investment Sales; Wes Koontz & Kevin Conway (Mid-America)
Expanding Retailers; Ben Weiland (CBRE)
Expanding Restaurants; Max Jacobson (Mid-America)
Street Car; Jeramy Jannene (Urban Milwaukee)
Raising Capital; Matt Stamborski (Outlook Development)
Environmental Challenges; Josh Neudorfer (Sigma)
NIMBY – The Approval Process; Brian Randall (Friebert, Finerty & St. John)
Regulatory Issues with the DNR; Pete Wood (DNR) (JSD Professional Services)
Hotels; Greg Hanis (Hospitality Marketers)
Grocery; David Livingston (DJL Market Research)
Medical Retail; Maureen Goetz (Children’s Hospital)
Construction Costs; Dave Schwartz (Innovative Construction Solutions)
Site Selection – Retail; Peter Glaser (CBRE) / Harold van Ommeren (Brown Shoes)
Engineering Challenges for Big Box Retailers; Justin Johnson (JSD Professional Services)
SBA – Financing; Paula Cook (Wells Fargo)
Retail Bank Development; David Knight (Associated Bank Corp) / Russ Sagmoen (Colliers International)
Commercial Lending – CMBS & Life Insurance; Justin Nelson (Walker & Dunlop)
Financing New Construction; Adam Newman (Landmark Credit Union)
Wisconsin Economic Development Corporation; Errin Welty (WEDC)
Madison/Dane County Market; Kyle Robb & Brian McClaren (Colliers International)

With drought a constant consideration for New Mexico, state and federal officials are warning that decisions about water are growing more complicated and opportunities to tap untraditional sources should be considered.
The state, with the help of the U.S. Environmental Protection Agency, has drafted a document that outlines areas where regulations can be streamlined to encourage the treatment and reuse of wastewater that comes from oil and natural gas operations.
The white paper released late last week says oil and gas production in New Mexico generated nearly 38 billion gallons (143 billion liters) of wastewater in 2017. As the boom in oil production continues in the Permian Basin’s well fields along the Texas-New Mexico border, officials say so will the amount of wastewater — known in the industry as produced water.
“Our effort to clarify the state and federal regulatory landscape dealing with produced water will facilitate greater produced water reuse and recycling and in turn help relieve the growing demand on the state’s water resources,” state energy secretary Ken McQueen said in a statement.
Aside from highlighting New Mexico’s rise in 2018 as one of the largest oil-producing states in the U.S., the document outlines the arid state’s challenges with drought.
Receiving an average of slightly less than 15 inches (380 millimeters) of rainfall a year, New Mexico is already the fifth driest state in the nation, according to the National Oceanic and Atmospheric Administration. That aridness was exacerbated this year as runoff along the Rio Grande and Pecos rivers marked some of the lowest levels in decades. Water managers were forced to broker deals to keep the Rio Grande flowing through the state’s most populous city.
“While conservation plays an important role in managing the state’s limited water resources, it is not enough,” the authors of the white paper wrote.
In New Mexico and other parts of the West, some stakeholders are asking whether production water from the oil and gas industry should continue to be treated as wastewater. Critics have voiced concerns about the lack of knowledge about the potential toxicity of the water.
The water usually contains chemicals, metals and other dissolved solids. Most of it is disposed of by injecting it deep underground, where it can no longer be accessed or used. In some cases, it can be reused in the oilfield for other drilling processes.
For every barrel of oil, it’s estimated four or five barrels of produced water are generated.
The state and the EPA are looking at what steps would be needed to treat it for other purposes, acknowledging that there are still health and environmental questions that need to be answered if the water were to be used beyond the industry.
State and federal officials began working on the white paper in July in hopes of clarifying existing regulatory and permitting rules related to the way produced water can be reused and recycled.
The state is working to finalize the draft before the end of the year.
Robert McEntyre, a spokesman for the New Mexico Oil and Gas Association, said some companies already reuse the water for their own purposes.
“What New Mexico lacks right now is the regulatory framework to be able to address using it for other purposes,” he said. “Certainly there’s an opportunity and given the growth we’ve seen, it could be a game-changer if the regulations catch up to where industry is.”
By: Susan Montoya (ABQ Journal)
Click here to view source article.

Thanks to all of the brokers, sponsors, and guests who attended the November 2018 CCIM NM Deal Making Session & Forum and to those who shared the November 2018 CCIM NM Properties.

Over 22 million dollars of commercial real estate properties available for sale were presented from all over New Mexico.
Click here to view source PDF.
Click here to view the Thank Yous.

	Name	Property, City	Type	Price
1.	Jim Smith, CCIM, SIOR Brecken Mallette	4703 Broadway Blvd SE	Industrial	$1,450,000
2.	Dave Vincioni	1809 San Mateo Blvd NE	Retail	$385,000
3.	Tai Bixby, CCIM	1091 NM State 68, Alcalde	Retail	$3,000,000
4.	Randy McMillan, CCIM	Sonoma Ranch	Mixed Use	$19,000,000
5.	Randy McMillan, CCIM Jake Redfearn	1701 Calle DeMercado	Retail	$1,150,000