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!