News

Local trucking company set for Gateway Business Park

Jul 26, 2021

BELOIT—A locally-based family business is poised to start construction on a site in the Gateway Business Park as the move will be the catalyst for employee and operations growth. Matthews Family Trucking LLC, owned by Byron Matthews, bought just over 8.1 acres of land at 3400 Venture Drive and 905 Tubbs Drive in the Gateway area to accommodate the rapid growth of the company that started in June of 2020.

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Economy Fueled by Strong Consumer and Investor Confidence

Jul 22, 2021

(Rock County, WI) The Janesville-Beloit MSA economy posted another solid quarter, as strong consumer and investor confidence continued to drive activity throughout the county. These trends are highlighted in today’s release of the Q2 2021 Rock Ready Index. The trendline for the area’s average unemployment rate remained relatively steady-to-declining, albeit exhibiting incremental shifts of a few tenths of a percentage point. By way of quick history, if this holding pattern continues, the year-end averages will look very similar to those rates from 2015 – where local and federal rates locked in the five-percent range, and the state flirted with a rate of four-percent. What is different from 2015, though, are the number of active job postings that populate the employment boards. During the first half of 2021, the JobsInRockCounty.com site has averaged more than 425 job postings per month. These postings are not just entry-level positions. Furthermore, there’s definitely an uptick in the number of postings for high-skill, in-demand jobs.

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Gov. Evers Announces WisDOT Grant for Railway Expansion at Milton Chocolate Factory

Jun 15, 2021

A Milton chocolate factory will get its ingredients delivered by rail thanks to a grant from the Wisconsin Department of Transportation. Gov. Tony Evers announced the grant Monday saying it will let the city of Milton to extend a Wisconsin Southern/WATCO rail line to the Clasen Quality Chocolate factory. The Transportation Economic Assistance grant will cover roughly 25% of the $1 million project.

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GOEX to Grow Rail Spur as Plastics Market Sees Continued Surge

Jun 09, 2021

Local plastics manufacturer GOEX has been riding a wave of increased demand that company officials say has them needing more capacity for more train cars of production materials at once.

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South Central Wisconsin's Economic Engine Continues to Set the Pace

Jun 02, 2021

What a difference a decade makes. While some may characterize the evolution of the development and investment climate of the Janesville- Beloit, Wisconsin metropolitan statistical area (MSA) with a population of 160,120 as an extreme makeover, others will note the area has been south central Wisconsin’s best kept secret. Case in point: the numbers speak for themselves, and local real estate and economic development officials are bullish on this location’s growth trajectory. For starters, the area’s logistical friendly environment, its value-add real estate and workforce assets and its seasoned development team provide the right ingredients to facilitate development opportunities.

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Office User Checks Off Multiple Wants in Building Purchase

Apr 27, 2021

Computers Nationwide approached Coldwell Banker Commercial McGuire Mears & Associates in late 2019 to help with their search for a new office space. Specifically, they were looking for a more central location for their employees; their labor force hails from southeastern Wisconsin down into northern Illinois. Moreover, the owner requested that the acquisition costs remain under one million dollars and for a prospective building to provide rental income that would help offset their debt service.

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Coldwell Banker Commercial McGuire Mears & Associates Announces Sale of 0.72-Acre Lot

Apr 14, 2021

Beloit, WI (March 25, 2021) – Bill Mears of Coldwell Banker Commercial McGuire Mears & Associates has negotiated the sale of a 0.72-acre lot next to the Holiday Inn Express & Suites, representing the seller in the $376,000 transaction. The 124-room hotel, built in 2019, and its surrounding lots comprise the redevelopment of the former Wickes lumber yard.

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Construction's Woes Start to Hit This Surging Real Estate Sector

Apr 12, 2021

We hear of sticker shock in and outside our market when it comes to construction prices. A recent article posited that the US construction industry is sputtering, impacting construction costs and timelines. In SC Wisconsin, we do not see a slowdown yet. Currently, SSI Technologies just broke ground on a 20,000 square foot addition, while Freedom Graphic Systems in Milton and Gallina USA in Janesville are wrapping up expansions of 90,000 square feet and 40,000 square feet, respectively. Badger Property Investments is scheduled to break ground on a 60,000 square foot building in Janesville on Monday, April 12th.

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Coldwell Banker Commercial National Real Estate Outlook 2021

Apr 02, 2021

What Will Drive The Recovery of Commercial Real Estate Markets in 2021? 2020 has been an unprecedented year, with COVID-19 impacting nearly every industry across the country, including commercial real estate. Shutdowns due to the coronavirus pandemic caused a large portion of employees to work from home for much of the year. As the economy stalled, many businesses and property owners found themselves negotiating with both tenants and lenders on rent relief and loan modifications. While the pandemic accelerated trends that were already taking place in retail, it upended the strong momentum in the office and hospitality sectors, as well as urban markets. These trends will likely continue in 2021 and reshape what buyers, owners, tenants, and residents may ultimately want to occupy.

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Adam Shultz Earns 2020 Coldwell Banker Commercial 3 Under 30 Award

Mar 23, 2021

Janesville, WI (March 22, 2021) – Adam Shultz of Coldwell Banker Commercial McGuire Mears & Associates has been named as one of Coldwell Banker Commercial’s 3 Under 30 for 2020. Shultz was recognized as a young commercial real estate professional who is making strides in the industry by understanding the importance of building strong customer and community relationships.

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