NEWS & BLOGS

305,000 SF Hufcor Facility Sells for $7.9 Million

Aug 25, 2020 News

Coldwell Banker Commercial McGuire Mears & Associates is pleased to have represented ownership in the sale of the 305,000 square foot industrial manufacturing building in Janesville, Wisconsin. Hufcor Inc, founded in 1900, designs and manufactures operable partitions worldwide. The Hufcor business was sold to a private equity firm in 2017, but then-current owner, the Borden Family Trust, retained the real estate.

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Accelerating & Pumping the Brakes: Report Signals Tale of Two Economies

Aug 21, 2020 News

The Rock County Development Alliance has released its Rock Ready Index for the second quarter. Notable highlights from the economic development dashboard include:

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Two Deals, One Stone

Aug 17, 2020 News

Increasing e-commerce and food distribution demand was stressing manufacturer Pratt Industries’ production capabilities. Pratt, the fifth largest corrugated packaging company in the United States, had outgrown its satellite distribution facility and needed to expand into at least 100,000 square feet. Finding that space close enough to the production facility was difficult; at the time, the vacancy rate for the Janesville/Beloit market was less than 5%. In addition, Pratt still had more than 12 months remaining on its warehouse lease.

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Is Accepting Leased Premises From Your Landlord an Occupancy Permit?

Jan 22, 2020 News

Well, of course not—but for some tenants, it may seem so! In their recent article “Tenant’s Acceptance of Leased Premises: May The Tenant Always Beware”, authors Jim Hochman and David Lieberman point out five issues that tenants should consider before accepting a space. As they note, most landlords include in their leases a clause that absolves them of responsibility once the tenant takes possession.

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Opportunity Zones: 3 Trends to Watch

Dec 11, 2019 News

As the 2019 fiscal year draws to a close, it is now almost two years after the Tax Cuts and Jobs Act was passed and more than a year and a half since the first opportunity zones were designated. Designed to spur economic development by delaying taxation on capital gains, the impact so far for investors has been somewhat nominal, to say the least (especially in our market).

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Lifestyle CRE is Not Just for Millennials

Oct 23, 2019 News

As any commercial real estate professional will tell you, the industry has been witness to a number of changes—being subject to the impacts of the economy, industry trends, market challenges, and more. When looking at commercial real estate, it is crucial to focus not only on generational activity, but also on lifestyle trends.

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SHULTZ JOINS COLDWELL BANKER COMMERCIAL MCGUIRE MEARS & ASSOCIATES

Aug 19, 2019 News

FOR IMMEDIATE RELEASE - Janesville, WI (August 19, 2019) – Adam Shultz has joined Coldwell Banker Commercial McGuire Mears & Associates as a commercial real estate sales associate. The office is located at 400 Midland Court, Suite 101, in Janesville.

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JANESVILLE PLAN COMMISSION APPROVES APARTMENT PROJECT

Jul 02, 2019 News

FOR IMMEDIATE RELEASE - By Ashley McCallum, Janesville Gazette The Janesville Plan Commission on Monday approved a plan to develop 260 apartment units just west of Interstate 90/39 off East Racine Street—but not without a lengthy discussion to clarify some details.

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