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Milwaukee, WI  (October 10, 2014)  – CARW (Commercial Association of REALTORS ® Wisconsin), the voice of commercial real estate in Wisconsin, is pleased to announce the organization’s 2015 Board of Directors.  The Board of Directors was officially installed as of October 1, 2014 and will be presented to the membership, comprised of 600 commercial real estate professionals, at the annual CRE Awards event on October 15, 2014.

2015 CARW Board of Directors:

Paul T. Galbraith, Chairman | Cresa Milwaukee
Jeff Hoffman, CCIM, SIOR, Chairman Elect | The Boerke Company | Cushman Wakefield
Curt Pitzen, Secretary | NAI MLG Commercial
Ben Adank, Treasurer | RFP Commercial
Thomas W. Shepherd, CCIM, Immediate Past Chairman | Colliers International Wisconsin
Kevin Barry, CCIM, Director | Cassidy Turley Barry
Dan Cohen, Director | Mid-America Real Estate-Wisconsin
Matthew Hunter, Director | CBRE, Inc.
Joe Lak, Director | Colliers International Wisconsin
Steve Pape, Director | Greywolf Partners
Cory Sovine, Director | Siegel-Gallagher, Inc.
Julie Ledger, At-Large Director | OPUS Development Company LLP

Paul Galbraith with Cresa Milwaukee will assume the role as Chairman for a one-year term. New to the board, CARW welcomes Joe Lak of Colliers International Wisconsin and Julie Ledger with The OPUS Development Company LLP.  Joe will serve for a three-year term and Julie, as an affiliate director, for a one-year term.  Stephen Provancher of NAI MLG Commercial is leaving the board after serving as Past Chairman in 2014.  Thomas Shepherd of Colliers International Wisconsin, will serve as Past Chairman in 2015 after serving as Chair in 2014.

Paul Galbraith is Senior Vice President with Cresa Milwaukee. Paul is a 25 year veteran of the industry, and has completed lease and sale transactions throughout North America valued in excess of $200M.   He exclusively represents tenants and buyers, and provides his clients with fully-integrated commercial real estate services including structuring and negotiating commercial leases, developing comprehensive and strategic real estate plans, providing occupancy cost reductions, and assisting with the acquisition of owned or leased properties.  Prior to joining Cresa Milwaukee, Paul Galbraith was Vice President at Grubb & Ellis|Apex Commercial in Brookfield, WI.

Joe Lak is Vice President of Brokerage for Colliers International Wisconsin. He is currently responsible for the sales and leasing of nearly four million square feet of office and medical office space within the Milwaukee metro market.  Joe has been involved in the conservation side of real estate working for The Conservation Fund in their land acquisition department.  He has focused on tax credit allocation, zoning regulation and acquisition of large-scale land tracts in the Milwaukee, WI and Ann Arbor, MI metro areas.  Joe’s areas of expertise include; leasing and sales of commercial office and medical investments, corporate owner and tenant representation and research analysis

Julie Ledger is Vice President and General Manager of OPUS Development Company LLP. She oversees all real estate development and design-build construction for the Milwaukee office. Her responsibilities include land acquisition, development, marketing, leasing, third party design-build project pursuit and execution. Her project experience includes institutional, office, residential, retail, industrial, distribution, data centers, parking structures and brown field development. Julie holds a Bachelor of Science in civil engineering from Marquette University. She serves on the boards for NAIOP, Marquette University Center for Real Estate, Marquette University Construction Engineering and Management, Milwaukee Montessori Schools and Girl Scouts of Southeastern Wisconsin.

 

About CARW: CARW is the voice of commercial real estate brokerage and related professionals in Wisconsin.  Founded in 1993, CARW is dedicated to the success of our members by providing invaluable educational opportunities, countless networking experiences, data exchange, and public policy advocacy.

CARW is a trade association representing nearly 600 members from 200 Wisconsin businesses including REALTORS®, accountants, appraisers, architects, attorneys, bankers, builders, contractors, developers, environmental specialists, title insurance companies and other industry related businesses.  CARW REALTOR® members are part of the REALTOR® network, the world’s largest professional association with over 1.1 million members worldwide and over 12,000 just in the State of Wisconsin.

 

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Download as a PDF by clicking here: 2014 Annual Report_CARW pdf

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)

Milwaukee Journal Sentinel article on Arena Package: Click Here

CARW Statement:

Milwaukee, WI (4/8/15) – The Commercial Association of REALTORS® Wisconsin is pleased to see the Milwaukee Bucks’ renderings of the new Milwaukee sports and entertainment arena and ancillary development.  It shows vision and foresight, and a holistic design that will serve as a welcoming, accessible gateway to the City as well as a vibrant entertainment space for the entire community.

“This is the single-most catalytic project for downtown Milwaukee in a generation with the prospect of $1 billion in new real estate development,” said Paul Galbraith, CARW Chairman.  “Not only will we all benefit from the construction of the arena, but the ancillary development, increase in property values, job creation, and connectivity this project will provide for our community and our region for decades to come as new phases of the project come to fruition.”

CARW has been working in partnership with the City of Milwaukee and Milwaukee County since June 2014, to market the Park East land where much of the ancillary development is proposed.  The original concept for the 16-acre site included mixed-use design.  “Our members work each and every day with business owners and site selectors contemplating new sites, and so often, look to the vitality of an area to drive that decision,” said Tracy Johnson, President & CEO for CARW.  “What we’re seeing today resembles a masterplan that ties in attractive retail, livable housing options, and office that will tie to other economic drivers in the community like educational institutions and convention centers.”

Cities that have made similar investments in sports and entertainment arenas have seen the economic influence that yielded new construction permits and increase in occupancy of hotels that in some cases, has been double what was initially predicted.

“We have the Bucks to thank for making this visionary project a possibility – we now have the responsibility as a community and leadership, to make this entire plan a reality,” said Paul Galbraith.  “This is one of several commercial projects that is tipping our City and our State in the right direction.”

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