CARW has partnered with GMAR and Baird to support the Wisconsin Policy Forum’s interactive web-based report that includes property tax data for the entire state. The free, online tool compiles data from municipalities throughout Wisconsin, allowing users to compare and contrast key information about spending, property taxes, income, and population for 601 cities and villages … Read More
Public Affairs
ICYMI – Wetland Issues and Barriers to Economic Development – Resources for You
Legislation pertaining to wetlands has been at the heart of many discussions around commercial real estate construction and development projects. While some regulation is necessary, Wisconsin’s wetland laws are often cited as the greatest barriers to economic development. Over the past several years, the State REALTOR Association (WRA), has been collecting resources and working with … Read More
State of Wisconsin Budget – Commercial Real Estate Impacts
By Tom Larson, Senior Vice President of Legal and Public Affairs, WRA and Tracy Johnson, President and CEO, CARW On July 3rd Governor Evers signed the 2019-21 State Budget into law. The budget spends $82 billion over the biennium. The governor vetoed 78 items in the budget put forward by the Republican-controlled legislature. Despite the … Read More
Fundamentals of Tax Incremental Financing – Webinar – CARW Member Discount | Save the Date
CARW is proud to work with WEDA (Wisconsin Economic Development Association) to bring a discounted rate to members for this webinar on the fundamentals of TIF. Save the Date – April 30th, 2019. More information and time to follow, however you can contact us now to receive direct invitation from us. This session will provide … Read More
Property Tax Assessment Practices Update
An issue we have been monitoring and educating on for more than two years, continues to evolve. The ever-complicated Dark Store legislation that was introduced in 2017, has been placed in the 2019-21 Wisconsin State Budget. Big picture, the legislation seeks to curb strategies used by major retailers to reduce tax assessments on their properties. … Read More
Commercial Real Estate and Government Day – Save the Date – April 24, 2019
One of the most important engagements of the year is Commercial Real Estate and Government Day. This year, the event will be held on Wednesday, April 24th in Madison*. By participating in this fast-paced, half-day event, you have the opportunity to meet your elected state representatives, establish and strengthen relationships, and ensure key policy proposals … Read More
Will 2019 Deliver Dark Store Solutions?
The tax assessment process in Wisconsin has been the focus of discussion and legislation since the bills were introduced. While legislation was not put forth during the last legislative session, a legislative study committee was formed. The purpose of the committee was to review and develop options for tax assessment policy that allow stakeholders to create … Read More
Midterm Elections – November 6 | Support Pro-Real Estate Candidates
The 2018 Midterm elections are November 6, 2018. Early voting has already begun. Among the important decisions being decided, Wisconsinites will vote for Governor, US Senator, and Wisconsin Attorney General. There are many assembly and state senate races and referendums on the ballot. Click HERE for more information on YOUR ballot issues. The importance of … Read More
Changes to AB 812 | Vacant Land Disclosure Report
AB 812 is legislation recently passed by the legislature and is waiting for the Governor’s signature that modifies both the residential real estate condition report and the vacant land disclosure report. Once signed, these changes become effective July 1, 2018. The vacant land disclosure report is modified by AB 812 in the following ways: … Read More
EB-5 Legislative Update
First Pathway Partners March 23, 2018 – Early Friday U.S. Congress passed, and President Trump later signed, an extension to the EB-5 regional center program through September 30, 2018 as part of the Omnibus budget package. Although Congress was expected to make changes to the program it has been extended in its current form, … Read More
Congressman Grothman Discusses DC Landscape and Business Issues with CARW Members
On Friday, March 9, members of CARW met with Congressman Glenn Grothman of the State of Wisconsin 6th District. The purpose of the meeting was to discuss current issues impacting business and commercial real estate. CARW leaders will travel to Washington DC in mid-May with WRA for the NAR conference with more than 10,000 others. They … Read More
Revised Wetlands Bill Sent to the Governor | What the Changes Mean for you
The state Legislature recently passed a bill to make it easier for landowners to fill small, isolated wetlands in urban areas. The bill, authored by state Rep. Jim Steineke, was supported by business groups including CARW through WRA (see positon paper HERE) and many others. The Wetlands Bill, AB 547, was revised several times … Read More
CALL TO ACTION | Support Senate Bill 600 – Wetlands Reform
This week, the Wisconsin Assembly passed a measure that will greatly enhance the ability of commercial real estate practitioners develop property in Wisconsin. This bill has been one that our members spoke with legislators about during the visits to Madison. Click HERE for the issues brief. Early next week, this bill will go to the Senate and we … Read More
The Corners Project – Special Invitation from IBAW
You’ve seen it from I-94, now hear the inside story and get a first look of the largest private construction project in Wisconsin. The Corners of Brookfield, at I-94 and Barker Road, is a premier lifestyle center undertaken by Brookfield Corners, LLC, an affiliate of IM Properties and Bradford Real Estate. Join us as David … Read More
WisDOT Public Hearing Update
On Tuesday, CARW President and CEO participated in a hearing concerning the Wisconsin Department of Transportation (WisDOT)’s 2017-19 Biennial Budget Proposal. Among the others in attendance, were the Wisconsin Counties Association; Wisconsin League of Municipalities ; Wisconsin Towns Association; Wisconsin Railroad Association; Wisconsin Commercial Ports Association; Transportation Development Association of Wisconsin; Association of Wisconsin Tourism Attractions; … Read More
Recap of Coffee With CARW – Building Communities Through Innovation in Commercial Real Estate
Tuesday’s program on Innovation in Building Communities through Commercial Real Estate brought members to a new part of Milwaukee, the Tripoli Shrine to partake in a community-wide discussion on new ways of thinking about development. Recognizing that Milwaukee is made up of many neighborhoods, the program highlighted a variety of ideas and models that have been, and may … Read More
Rural Workforce Housing Summit – June 1st
When: June 1st, 9:00AM – 2:00PM Where: Colonial Banquet Center – 1415 West Wisconsin St. Sparta, WI 54656 Price: $20 Lunch will be provided. The Rural Workforce Housing Summit brings together all the funding sources and information needed for launching successful workforce housing projects in rural communities. Plan to attend, share information, and learn from … Read More
Realtors® Applaud Six-Year Reauthorization of Federal Terrorism Risk Insurance Program
Following the September 11, 2001 terrorist attacks, private insurers withdrew from the terrorism insurance market, construction projects ground to a halt and commercial property values dropped. Real Estate markets simply can’t afford the uncertainty created in the absence of the Terrorism Risk Insurance Program.
Monitoring Policy: 1031 Like Kind Exchange
Current tax law permits an investor in real estate to defer capital gains taxes on exchanging an investment property for another property of like kind that is also held for investment, so long as the taxpayer satisfies numerous requirements and consummates a purchase of replacement property within 180 days of the transfer of the relinquished … Read More
Monitoring Policy: Commercial Finance / Lease Accounting
What is the fundamental issue? The Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) proposed lease accounting changes that would reduce the overall borrowing capacity of many commercial real estate lessees and lessors. The proposal would bring nearly $1.3 trillion in leased assets back onto companies’ balance sheets, with roughly 70% being … Read More