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May 8, 2008
Ogden & Company, Inc. Top Leasing Firm - CoStar Power Broker Awards
Ogden & Company, Inc. Commercial & Investment Division is pleased to be named as a Top Leasing Firm and one of CoStars Power Brokers, based on transactions completed in 2007. To read more
April 26, 2008
Congratulations Sarah Akin!
Ogden & Company, Inc. would like to congratulate Sarah Akin, for being named the IREM member of the month for March 2008. Sarah is a leasing administrator in the Downtown office Property Management Division. Sarah is an integral member of the Property Management team and we wish her great success in all her future endeavors with Ogden!
March 19, 2008
Real Estate Deal of the Week - Small Business Times
Milwaukee investors purchase Sheboygan strip mall
Shevegas LLC, a group of Milwaukee area investors, recently purchased the 55,000-square-foot South Town Shopping Center at 3321 S. Business Dr., Sheboygan, from HP Properties for $3.85 million. Gordon Steimle and Roger Duchow of Ogden & Company Inc. represented HP Properties in brokering the deal. The strip mall is 96 percent occupied and its tenants include Deals & Steals Furniture, Goodwill, Play It Again Sports, Pay Day Loan and The Barbershop. South Business Drive is one of Sheboygans main commercial corridors.
February 5, 2008
The time to buy is now!
Thinking about buying a home? If you are considering investing in a residential home in the coming months, you couldn’t have picked a better time! Despite reports of a national decline in home sales, recent statistics have shown different. According to the 2007 year end MLS statistics, 2007 was the 7th best year ever in Milwaukee real estate. A reported 17,231 home sales occurred in 2007, bypassing 2000’s 16,311 total sale.
Other important MLS statistics include a 13.7% increase in home listings, making 2007 the 2nd highest home listing year ever. Perhaps most importantly, the market fundamentals are very good with interest rates capping off at approximately 5.63% (30-year, fixed). This is great news for investors, first time homeowners or anyone interested in investing in a new home!
“This is a great time to buy because interest rates are extremely low right now, in fact, lower than we have seen in about three or four years. Also, inventory is exceptional at the present time, leaving buyers with lots of options when searching for their perfect home”, states Christine Howard, Manager of Ogden & Company, Inc. Residential Real Estate.
Overall, this is an optimum time to buy a new home in the greater Milwaukee area. To learn more about how you can start finding your new home, please contact Chris Howard at (414)224-1600 or chrish@ogdenre.com. Or to search listings, visit the Ogden & Company, Inc. website at www.ogdenre.com.
January 24, 2008
Ogden Commercial Brokerage & Investment Division annouces lease transaction
1709 N. Farwell - MMX, L.L.C. dba Mega Media Xchange, has leased 5,500 sf of space in the Farwell Point Building from ROSS, L.L.C. Mega Media Xchange specializes in the purchase and resale of books, cd’s, dvd’s, video games and small electronics. This is a second location for the tenant. John Avery of Ogden and Company, Inc., brokered the transaction.
January 10, 2008
Ogden Construction Group, LLC is pleased to announce
Joel Cook, the company’s President, is now a LEED Accredited Professional. Ogden Construction Group, LLC is also proud to be a US Green Building Member General Contractor. LEED (Leadership in Energy and Environmental Design) is a voluntary rating system for developing high-performance, sustainable buildings. It is a rating tool for green building design and construction. LEED emphasizes state-of-the-art strategies for sustainable site development, water savings, energy efficiency, materials and resources selection, and indoor environmental quality.
January 10, 2008
Ogden Commercial Brokerage & Investment Division annouces lease transactions
1661 North Water Street, Northern Lights Building – Jacki DaVia Massage Therapy, Five Twelve Group, Process Arc, brokered by John Mazza.
8850 N. Port Washington Road, Ogden Center Bayside, WI – RWH Accounting and More Steam.com brokered by John Mazza.
3321 South Business Drive, Sheboygan, WI – Pro Driver, National Guard, brokered by Gordon Steimle.
320 E. Buffalo Street, P.H. Dye House, Milwaukee, WI – Momentum-N.A., Inc.,brokered by Michael Seramur.
2460 W. Clybourn Street, Milwaukee, WI – Community Relations - SDC- Milwaukee County Residential Weatherization Services, brokered by Michael Seramur.
2202 W. Clybourn Street, Milwaukee, WI – Milwaukee County Historical Society, brokered by Michael Seramur.
511 E. Silver Spring Drive, Whitefish Bay, WI – Blue Atlantis, Inc. d/b/a Cavalry Games and Hobbies, brokered by Marvin Hansen.
January 9, 2008
Small Business Times
Biz Times Real Estate Weekly
Eagle Prairie Inc. recently purchased the 11,821-square-foot, 85-year-old Warrior Building at 2017-23 W. Wisconsin Ave., Milwaukee, for $540,000 from Maryland Court Apartments LLC. The building has an assessed value of $545,000, according to city records. The building, located near the Marquette University campus, was originally used as a residence. It was converted to office space in the 1940s and was renovated in 2006 as classroom space for a charter school. The building houses Assata, an MPS alternative high school. In brokering the deal Mike Seramur, John Mazza and Sue Sardina of Ogden & Company represented Maryland Court Apartments and Dwight Kellogg of Ogden & Company represented Eagle Prairie. I believe the school will continue to operate there, said Gordon Steimle, vice president of the commercial brokerage division for Ogden & Co. I think (Eagle Prairie) just see it as a longer term investment. The area is improving and they see the potential of that area and that building improving over time.
December 10, 2007
Small Business Times
Biz Times Real Estate Weekly
Wednesday, December 5, 2007
An investors group, whose registered agent is James Schulhof of Milwaukee-based Schulhof Property Management LLC, recently purchased two apartment buildings on Wisconsin Avenue near the west end of the Marquette University campus. The buildings, Maryland Court Apartments at 2029-41 W. Wisconsin Ave. and The Patrician Apartments, 2101-15 W. Wisconsin Ave., have a total of 79 units and were sold by Maryland Court Apartments LLC to the investors group for $4.25 million. Ogden & Company brokers Mike Seramur, John Mazza and Sue Sardina brokered the deal for the buyers and the seller. The apartments are located across the street from 2040 Lofts (formerly the Bockle Building, which was recently converted into student housing) and near the Ambassador Hotel. We have seen a surge of activity in the area, said Gordon Steimle, vice president of Ogden & Company Inc.s commercial & investment division. With the continued increase in enrollment at Marquette University and the need for student housing, the product and location created an ideal investment opportunity.
November 9, 2007
Ogden & Company, Inc., is pleased to annouce that:
William J. Steele, Jr. has joined the Company as the Director of Commercial Property Management. Steele has over thirty years of experience in commercial, retail, and light industrial management. He has worked in both the private and public sectors and his work has included site selection and market analysis, project management, leasing, acquisition and disposition of properties. For fourteen years, William managed corporate owned property for The Marine Bank and Bank One, first as President of Bank One Building Management Corporation and later as a Senior Asset Manager and Leasing Director for over 3.2 million square feet of bank property throughout the United States. He is a graduate of the University of Wisconsin-Milwaukee, and lives in Brookfield with his wife Kathleen. You can contact William J. Steele, Jr. at 414-270-6366 or at williams@ogdenre.com.
In addition, Susan Sardina will be working as a real estate sales associate in Ogden’s Commercial/Investment Division. Sardina joined Ogden & Company, Inc. in 2005 and has over 20 years of experience and an extensive background in real estate management. Prior to joining Ogden, she served as Vice President, Director and Partnership Manager of Grootemaat Investment Management Corp. In that capacity Sardina oversaw the day to day operations of the company and performed asset/investment management duties for a multitude of real estate investors with holdings throughout southeastern Wisconsin. Her real estate portfolio included over 1,500 apartment units, including the Juneau Village High Rise Apartments located in downtown Milwaukee, federally subsidized housing units, as well as several shopping centers. She has also performed extensive due diligence work and has handled all aspects of transfers and disposition of real estate assets. You can contact Susan Sardina at Ogden & Company Inc.’s corporate office at 414-270-4148 or at sues@ogdenre.com.
November 5, 2007
WWII Veterans honored at Grand Wisconsin with reinstalled plaque
Losing seats at the table
Veterans worry whether sacrifice will be remembered
By MEG JONES
mjones@journalsentinel.com
Posted: Oct. 25, 2007
Their group numbered a few hundred when they gathered here for their first banquet in 1948, three years after the China-Burma-India campaign of World War II.
Their brethren had come from all over the country, and they celebrated with a $3-a-plate dinner and cocktails, listened to welcoming remarks from Mayor Frank Zeidler and posed for pictures on the steps of City Hall. A sign on the City Hall tower greeted them.
They met again Thursday morning at the same spot in downtown Milwaukee. This time, they filled a lone table as they drank coffee and ate Reubens. Their national group disbanded a few years ago because of low numbers. These are the last of the locals.
Now in their 80s and 90s, the men see themselves as forgotten because few know or remember that Americans were sent to those countries to build railroads, fly supplies over \\\"the hump\\\" of the Himalayas and construct landing strips. And, as thousands of World War II veterans die each day, they worry about their legacy.
What was it like for the last veteran of Gettysburg, they ask. Or the last survivor of Belleau Wood?
\\\"We\\\'re getting to be like the Civil War veterans. Eventually, we won\\\'t be around anymore,\\\" said Bill McManus, 85, who lives in Milwaukee and spent 22 months in India, working on the railroad that carried oil, gasoline, supplies and soldiers into Burma, now known as Myanmar.
When the China-Burma-India Veterans Association formed shortly after the war, the group decided to hold its first national convention in Milwaukee at the Hotel Wisconsin near N. 3rd St. and W. Wisconsin Ave. Fifteen years later, the veterans commemorated the site of the first banquet with a plaque on the outside of the building.
The Hotel Wisconsin is no longer a hotel. Now called the Grand Wisconsin, the building recently underwent a multimillion-dollar renovation, and the rooms were turned into upscale apartments. During the renovation, the plaque was taken down and left in a storeroom.
McManus noticed the plaque was no longer there and alerted the property managers, who found it. McManus asked whether it could be put back up.
After the local chapter of the veterans group paid $300 to clean and polish the plaque, it was attached to the side of the building Wednesday. McManus and five other veterans stood proudly in front of it Thursday, with the help of canes and walkers, and got their pictures taken again.
\\\"This will be something we\\\'re leaving behind,\\\" McManus said.
The half-dozen men served in different units. Some were in India; others were in Burma and China.
William Wyss, 87, of Greendale left his butcher job on Mitchell St. to go to war in India. He worked in the kitchens and carried food to men in his Army Air Force engineer battalion that helped build the Ledo Road. Clarence Miller, 90, of Wauwatosa was on a B-29 crew that flew the hump between bases in China and Calcutta, India. Les Selby, 82, of Milwaukee served with the Army Signal Corps in China.
\\\'No mention\\\' on TV
They know many people haven\\\'t heard of the China-Burma-India veterans, so they weren\\\'t surprised when the recent 15-hour Ken Burns World War II documentary airing on PBS television stations didn\\\'t include them. Not surprised, but not happy, either.
\\\"They\\\'re running that series on Channel 10, and we got no mention at all,\\\" said Selby, commander of the local chapter. \\\"You\\\'d never guess there were Americans there and that they were getting killed.\\\"
McManus remembers seeing Bengal tigers and stopping his train in northeastern India when herds of elephants refused to get off the tracks. Wyss, who still has the meal ticket from the first veterans banquet in Milwaukee, remembers the food in the service: \\\"six months of chipped beef and six months of Spam.\\\" Selby remembers chocolate bars quickly getting moldy in the heat and humidity.
They are memories that will be gone one day.
And so, once again, the veterans have a plaque on the side of a building in downtown Milwaukee.
The hope is that it will be there long after their table has emptied.
November 1, 2007
Craftmaster announces promotions and new hires
CraftMaster Contractors announces the following new hires and employee promotions:
Mike Ford – Joined our team on October 15th and is heading up our Pond Maintenance Division. Contact him at mikef@ogdenre.com or 414-406-4031 for installation and maintenance on pond fountains and aerators, along with chemical treatment of ponds.
Mike Schneble provides estimating for new construction and project management for our Milwaukee Painting Division. Call Mike at 414-349-7562 or e-mail at mschneble@ogdenre.com for any larger commercial painting bids.
Steve Kannenberg is currently part of our painting crew and will become our Milwaukee Painting Supervisor on December 1st. Call Steve at 414-397-5585 or e-mail at stevek@ogdenre.com for your multi-family, condo and residential repainting bids. Eddie Miller will be moving to Phoenix on December 1st to start up our Arizona Painting Division where he will be working with Dennis Polinske who heads the maintenance division. Contact Dennis at 480-396-4567 or email at dennispo@nextel.blackberry.net.
Mark Vandertie moved to Green Bay on October 1st and is starting up our Green Bay/Fox Valley Division. Mark can be reached at 920-390-1397 or markv@ogdenre.com.
Chris Thompson was named as Milwaukee Maintenance Supervisor on October 1st. Please call Chris for any maintenance proposals you might require in Milwaukee at 414-406-4029 or e-mail him at christ@ogdenre.com.
And last but not least, Karen Thornton will be joining us on Wednesday, October 31st as our new receptionist/ administrative assistant. Karen has replaced Vicky, and her e-mail contact will be karent@ogdenre.com. Please replace the vickyt@ogdenre.com with this new e-mail address for your maintenance requests. Karen will be responsible for answering our phones, scheduling/dispatching of our Milwaukee maintenance techs, assisting in our accounting, along with many other duties.
September 26, 2007
Ogden & Company, Inc. named largest real estate management firm
For the 5th consecutive year, Ogden & Company, Inc., AMO® has been ranked the largest Milwaukee-area residential real estate management firm, according to a recent survey conducted by The Milwaukee Business Journal. Ogden currently manages 6,661 residential rental units located throughout metro-Milwaukee, southeastern Wisconsin and Illinois.
“We are pleased to be recognized as a leader in our industry,” states Peter Ogden, the real estate management firm’s President. “When you look at the numbers, it’s definitely a confirmation of customer trust and a testament to the hard work and dedication of our staff.”
Ogden & Company, Inc., AMO®, was established in 1929 and is the largest locally owned, full-service real estate firm in the state of Wisconsin with offices in Milwaukee, Wauwatosa and Phoenix, Arizona. Ogden offers professional real estate services specializing in residential sales, commercial sales and leasing, real estate management, real estate development, maintenance and construction.
September 12, 2007
Ogden Commercial Brokerage & Investment Division annouces lease transactions:
. 1011 N. Mayfair Road, Wauwatosa, WI - Farrell Prosthetics has leased 2,916 sf of office space. Michael Seramur represented the tenant in this transaction.
. 8822 N. Port Washington Road, Bayside, WI – Christal L. Roundtree, d/b/a The Proper Attire has leased 1,537 sf of retail space. The boutique features a unique blend of women\\\'s designer fashions and accessories. John Mazza represented both the owner and the tenant in this transaction.
. 1661 N. Water Street, Milwaukee, WI – Smith Travel has renewed its lease for 795 sf of office space in the Northern Lights Building. John Mazza represented both the owner and the tenant in this transaction.
. 1661 N. Water Street, Milwaukee, WI – The Onion, Inc., print and online news source, has renewed its lease for 1,200 sf of office space in the Northern Lights Building. John Mazza represented both the owner and the tenant in this transaction.
. 11049 N. Port Washington Road, Mequon, WI - Peter and Frances Dundon, d/b/a North Shore Office Services have leased 1,200 sf of office space. Marvin Hansen represented the tenant in this transaction.
September 5, 2007
Ogden Commercial Brokerage & Investment Division announces the following:
Engberg Anderson Design Partnership, Inc. Signs lease for 20,000 square feet at the PH Dye House
“Engberg Anderson is pleased to have chosen the PH Dye House in Milwaukee’s Historic Third Ward as the relocation site for our main office. Working with our own design team, Mike Seramur, Ogden & Company, Inc., Marianne Burish at Siegel Gallagher – Oncor International and Michael Gardner of the Gardner Group, LLC, we are confident and excited to be in our new “green” environment, all on one level. We have chosen Hunzinger Construction as our builder and look forward to the move immediately after Thanksgiving of this year.” said founding partner Charles Engberg. Engberg Anderson Design Partnership, Inc. is a full service architecture, planning and interior design firm with offices in Milwaukee, Madison and Tucson. Focus areas include Healthcare/Design for Aging, Cultural, Multi-unit Housing and Mixed Use, Historic Preservation and Sustainable Design. Engberg Anderson is an award winning design firm with many local projects to their credit, including the Historic Third Ward Riverwalk, Milwaukee City Hall Restoration, Lake Express Ferry Terminal and Columbia Square.
The firm challenged its team of architects and interior designers to create an environment that meshed corporate goals with the contemporary principles of Green Design. Using the LEED-CI® (Leadership in Energy and Environmental Design for Commercial Interiors) rating system established by the U.S. Green Building Council®, the design team has created a healthful working environment that is not only energy and resource efficient, but which will serve as a learning laboratory for the firm and its clients.
Ogden & Company, Inc.’s Commercial/Investment Division has been marketing space in the 180,000-square-foot PH Dye House located in Milwaukee’s Historic Third Ward. The building owner, Gardner Group, LLC has renovated the eight-story building that originally housed the Phoenix Hosiery Dye Company. This structure was built in 1922 for the Phoenix Knitting Co., which was one of the largest silk hosiery manufacturing plants in the United States and is listed on the National Historic Register. The building offers panoramic views which are enhanced by high ceilings, large windows and the overall architectural design of the building.
The PH Dye House offers mixed-use retail on the first floor, office space on floors one through seven and 11 residential condominium units on the 8th floor. Retail tenants include: Picture Perfect, Sprout! Children’s Clothing, Moda 3 skateboarding/snowboarding equipment, accessories and apparel, Fred Astaire Dance Studio, Segway of Milwaukee, Segway Café and the VP Gallery.
August 29, 2007
Gordon Steimle - Small Business Times Real Estate Profile
Title: Vice President Commercial Brokerage/Leasing
Company: Ogden & Company Inc.
Education: BA from the University of Wisconsin - Milwaukee
Family: Married to my beautiful wife Becky with three great children, Jon, 17; Elise, 15; and Christopher, 10.
City of Residence: Milwaukee, Washington Heights Neighborhood
Hobbies and Interests: Architecture, antiques and travel.
What are you working on? The sale of a strip shopping center, land and building search for contracting firm, and looking for investment opportunities for several clients.
How does the market look to you? The market is still very healthy for commercial real estate. There are lots of buyers looking for real estate investments. The only cloud is the change in peoples perception due to all the media attention about the problems in the sub-prime loan market, the sluggishness of the residential sales and the recent fluctuations in the stock market. These stories tend to make people more cautious.
What was the best deal you have ever been involved in? I have been involved in a number of interesting deals over the last 20 years, but the ones I enjoy the most are where I get the opportunity to be personally involved in the real estate. Representing clients in transactions is very satisfying, but it is also great to have a personal stake too.
BizTimes Real Estate Weekly is compiled by Small Business Times.
August 3, 2007
Ogden Commercial Brokerage & Investment Division annouces the following transactions:
. 1523-1531 N. 13th Street, Milwaukee, WI. The former “Cream City Brewery Stables” have been sold by David E. Phelps to Dawn Boland and Cecillia Boland. Of historic significance, the structure, built in 1910 was used to stable the brewery truck horses for the Cream City Brewery. James Benz and Michael Seramur of Ogden & Company, Inc., brokered the transaction.
. Mattress Gallery, Inc. has leased 4,800 sq.ft. at 4960 S. 27th Street. This will be the first Milwaukee location for Mattress Gallery, an Ohio retailer. John Avery of Ogden & Company, Inc., is the listing and leasing broker.
July 2, 2007
85 Apartment Units Sold
Milwaukee WI -
Ogden & Company, Inc., was appointed as receiver on two apartment complexes in December, 2006. The buildings at 1143 N. 29th Street and 3700 W. Juniper Court were in serious need of professional management. Ogden & Company, Inc.’s property management division was able to stabilize these properties with improved operating and financial management systems. Ogden & Company, Inc.’s Commercial/Investment Division was then able to market and secure buyers for both properties.
. 1143 N. 29th Street, Milwaukee, WI – Juneau Garden Apartments, a three story garden style apartment building with a total of 45 units was sold by Juneau & 29th St. LLC to Juneau Gardens, LLC. Gordon Steimle, John Mazza and Sue Sardina represented the Seller.
. 3700 W. Juniper Court, Milwaukee, WI - Juniper Court Apartments, consisting of five, two-story buildings containing a total of 40 townhouse style apartment units was sold by Juniper Court Apartments, LLC to Juniper Townhomes LLC. Gordon Steimle, John Mazza and Sue Sardina represented the Seller.
July 2, 2007
Commercial Brokerage & Investment Division annouces the following transactions
• 111 Prospect Avenue, Pewaukee, WI – Christ Evangelical Lutheran Church sold its former 12,536 sf building, located on over 1 acre of land to the Oil of Joy Fellowship & Ministries, Inc. Christ Evangelical Lutheran Church had built a new facility in 2006 on Pewaukee Road. Oil of Joy Fellowship & Ministries, Inc., was in need of a larger site, moving from Pilot Drive in Waukesha. James Benz of Ogden & Company, Inc. brokered the transaction.
• 8112 W. Bluemound Road, Wauwatosa, WI – QTI Professional Staffing has renewed their lease for 1,425 rsf of space in the Oaks Building. James Benz and Michael Seramur brokered the transaction.
• 8112 W. Bluemound Road, Wauwatosa, WI – Dr. Robert Dries, Charles Trimberger and Mary Nervig have renewed their lease for 1,119 rsf in the Oaks Building. James Benz and Michael Seramur brokered the transaction.
• 1661 N. Water Street, Milwaukee, WI – Aries Lending LLC leased 1,580 rsf of space in the Northern Lights Building. John Mazza brokered the transaction.
• 1661 N. Street, Milwaukee, WI – Spectrum Healthcare, L.L.C. leased 917 rsf in the Northern Lights building. John Mazza brokered the transaction.
June 19, 2007
Julie Peterson attends CAI Conference
Julie Peterson, ARM®, CMCA, AMS, Director of Property Management at Ogden & Co. recently attended the National CAI (Community Associations Institute) conference in Las Vegas, Nevada. She accepted two achievement awards on behalf of the Wisconsin Chapter; one for Leadership and the other for Membership Services. Julie is the incoming President of the CAI-Wisconsin Chapter.
June 19, 2007
CraftMaster Contractors annouces the following
CraftMaster Contractors has hired Mike Schneble as an estimator and project manager in the Commercial Painting Division. Mr. Schneble brings over 14 years of experience to the position. Craftmaster Contractors offers interior and exterior painting to the commercial, industrial and residential marketplace.
May 16, 2007
Ogden Commercial Brokerage & Investment Division annouces lease transactions
• 3321 S. Business Drive, Sheboygan, WI – Rochelle-LeHigh Group, LLC d/b/a The Barbershop, leased 2,075 square feet of space at the South Towne Mall, bringing the mall’s occupancy to 96% The Barbershop focuses on men’s haircutting and has other locations in Appleton, Darboy, Fond du Lac, Green Bay, Neenah, Oshkosh, and Wausau. Gordon Steimle of Ogden & Company, Inc. represented both the owner and tenant in this transaction.
• 1661 N. Water Street, Milwaukee, WI – Richard Bublitz Photography will be opening “The Water Street” studio in the Northern Lights Building in June, leasing 678 square feet of space. The studio will offer fine portrait photography and artwork ranging from editorial to landscape and cityscape photography. John Mazza represented both the owner and tenant in this transaction.
• 1661 N. Water Street, Milwaukee, WI – Breitenbach Weiss, Inc., a marketing communications firm, has renewed its lease for 2,508 square feet of space in the Northern Lights Building. Breitenbach Weiss handles community relations, media relations, graphic design, special events and advertising throughout the United States. John Mazza represented both the owner and tenant in this transaction.
• 720 North Old World Third Street, Milwaukee, WI – Trend Foods, Inc., has leased 1,576 square feet of space in the Grand Wisconsin Apartment Building. The French influenced deli bistro will be open from 7a.m.to 7p.m. and will feature fresh foods and their own coffee blends. The Grand Wisconsin includes 108 apartments, a fitness center, 8,000 square feet of retail space a beautifully restored historic lobby and conference rooms.
May 2, 2007
Ogden Commercial Brokerage & Investment Division announces
Small Business Times
Symmetry Corp. recently purchased the 119-year-old Adler House Mansion, at 1681 N. Prospect Ave., Milwaukee, from Hartland-based Town Bank for $680,000. Symmetry is a computer consulting business, located at 1201 N. Prospect Ave., which will use the Adler House Mansion for additional office space. "They're bursting at the seams there," said Michael Seramur of Ogden & Company Inc., who represented Town Bank. "(Symmetry) needs more space." The 6,206-square-foot Adler House Mansion has an assessed value of $695,000, according to city records. The building needs $250,000 to $300,000 in renovations, Seramur said. "It needs a considerable amount of work," he said. The building was originally built for Emanuel D. Adler, who ran one of Milwaukee's pioneering clothing manufacturers. Jim Weichmann, owner of Weichmann Enterprises, represented Symmetry in brokering the deal.
May 2, 2007
Ogden Commercial Brokerage & Investment Division announces
• 384-390 E. Bay Street, Milwaukee, WI – Sold by James and Anita Sokolowski to LLJ Properties, LLC. The real estate included four residential rentals and 7,500 sq.ft. of industrial space. The buyer owns and operates Homestyle Custom Upholstery and will be moving their business to the new location this summer. The property was sold by David Nance of Ogden & Company, Inc.
April 26, 2007
Ogden annouces Arizona expansion
Small Business Times
Milwaukee-based Ogden & Company Inc. is expanding its Scottsdale, Ariz. office. The company recently added a designated residential broker and 20 new residential sales agents to the office, said executive vice president Ken Higgs. The broker, Michael Ashley, formerly owned Ashley Fine Properties in Scottsdale. Ashley was hired by Ogden and brought the 20 agents from his company with him to Ogden, Higgs said. Ogden has had an office in Scottsdale for about 3-½ years. When the office was first opened, it focused on property management, but it is now adding more residential brokerage.
"Now we're starting to be a more full-service company like we are in Milwaukee," Higgs said. The Scottsdale office now has 41 employees.
The slowdown in the residential real estate market is a good time to add more employees to be prepared for the next boom, Higgs said.
Not that the Phoenix area is slowing down too much. Phoenix is the fastest-growing metro area in the nation, according to the latest U.S. Census Bureau data.
"Anywhere the sun shines, people are going to move to," Higgs said.
As baby boomers move into retirement, many are moving to the Phoenix area for the warm weather and lower taxes, he said.
April 25, 2007
Ogden Residential Sales-Elm Grove is moving to the Oaks Building in Wauwatosa!
Due to recent growth and expansion of services, Ogden’s Elm Grove residential sales division will be moving to its new location in the Oaks Building on Honey Creek Parkway in Wauwatosa, Wisconsin. The Wauwatosa office will be home to Ogden’s residential sales agents serving the Metro Milwaukee market. “The new office is ideal, especially with it’s easy access to I94.” commented Chuck Adsit, one of the firm’s principals. “The convenient location will help us to better serve our customers with one stop shopping for all home sales and or purchases.” The company’s expansion has also created a unique opportunity for a select number of new sales associates.
April 25, 2007
Ogden Residential Sales annouces new agents
Ogden Residential Sales Division is pleased to announce that the following individuals have joined the Residential Sales team: Jeff Falk, Cheryl Cook and Lena Hennessy.
April 9, 2007
Marjean Pountain remarks on first time renters
"As the rental market has strengthened, there haven't been as many new units on the market to rent," said Marjean Pountain, vice president of Ogden & Co. Inc., a Wisconsin real estate firm. "Rents are more significant, and a bigger piece of first-time renters' income is probably going toward their housing as a result. It is a crunch."
This spring, renters are looking at units with multiple bedrooms and bathrooms to allow them to share the cost with roommates. Many first-timers are flocking toward old buildings that have been renovated yet retain their quirks.
Location, location, location
Location, safety, parking, some utilities included - particularly heat - and the ability to have pets are at the top of the list for first-time renters. And location means downtown Milwaukee.
"They're drawn to downtown," Pountain said. "They like to be where the clubs are, to be able to walk everywhere, they like everything that downtown affords. There's not a lot of rental activity for first timers in the suburbs."
For full article, click here.
April 8, 2007
Chris Howard quoted on first time home buyers
Over half - 56% - of first-time home buyers in Wisconsin are ages 25 to 34, according to the Wisconsin Realtors\' Association\'s 2005 Profile of Home Buyers and Sellers, and they\'re not just about finding a place to sleep. They want the investment.
\"They\'re more savvy,\" said Chris Howard, a real estate broker and owner of the residential real estate division of Ogden & Co. Inc. \"In the past, people were going to be in their first home for 20 years. Younger people know it\'s going to be a short-term investment. They want it in an area where it\'s going to appreciate.\"
They want to buy the right place at the right moment, but they don\'t want to spend all their money to get it.
\"Being only 22, I realize that picking my first house can either make you or break you financially,\" said Kegel, who\'s looking for a house in an older neighborhood that\'s a short bike ride from downtown. \"Houses in Milwaukee tend to need a lot of work before they start appreciating in value. Finding a house that needs work is probably something I can afford.\"
His ability to see beyond cracked ceilings and less than appetizing kitchen wallpaper is a skill that, according to Howard, more of his peers need.
\"Unfortunately for a lot of young, first-time buyers, it\'s difficult for them to envision what a property is going to look like once it\'s fixed up,\" Howard said. \"So they do expect stuff that is newer, more fixed up - they\'re not always going to get it, but they\'re going to look for it.\"
And according to the Wisconsin Realtors\' profile, first-time buyers are looking for it everywhere. About a quarter of first-time buyers surveyed chose to purchase a home in an urban area, compared with 31% in the suburbs and 38% in a small town.
Either way, it\'s what\'s going on around in neighborhoods around the home that really matters to them.
\"First-time buyers are looking in areas where you can walk for entertainment and for retail,\" Howard said. \"You see areas like Bay View, the east side and downtown being attractive for those reasons.\"
For full article, click here.
February 27, 2007
Ogden attends Apartment Tradeshow in Madison
Bev Habhab and Lynn Bagniewski recently represented Ogden & Company, Inc., at the Apartment Association of South Central Wisconsin "Hot Topics" Trade Show & Conference in Madison at the Marriot-Madison West. The event featured numerous exhibitors from the rental industry and was open to the public.
February 21, 2007
Ogden Managing Grand Wisconsin
Historic hotel reopens as upscale apartments
The long-delayed redevelopment of the Hotel Wisconsin into upscale housing has been completed, with the new Grand Wisconsin apartments opening Wednesday in downtown Milwaukee.
The $23 million conversion of the 12-story, 94-year-old building, at 720 N. Old World 3rd St., includes 108 apartments, a fitness center, 8,000 square feet of retail space and restoration of the historic lobby and conference rooms. For complete article click here.
January 18, 2007
Ogden Commercial Brokerage & Investment Division announces
• 320 E. Buffalo Street, Milwaukee, WI. – One Prospect Technologies has leased 2,688 sf of office space in the P.H. Dye House. One Prospect Technologies provides state of the art communications solutions, designing, planning and implementing customized business networks. Potawatomi Business Development Corporation, Parent Corporation of One Prospect Technologies, is also headquartered in the Historic Third Ward building and has leased its space there since February of 2006. The lease transaction was brokered by Michael Seramur, Martin Wagner and Dominic Salvia.
January 11, 2007
Commercial Brokerage & Investment Division announces
• 2345 S. Commerce Drive, New Berlin, WI. - Germanischer Lloyd Industrial Services, USA, LLC has leased 4,148 sq. ft. of space in the New Berlin Industrial Park. Germanischer Lloyd, based in Hamburg, Germany, provides a wide range of high-quality testing, certification and consulting services with a focus on the oil and gas, wind energy, management systems and materials testing sectors. Martin Wagner and Dominic Salvia of Ogden & Company, Inc. represented the Lessor, Lincoln New Berlin Property, LLC.
• 3321 S. Business Drive, Sheboygan, WI. – The National Guard has opened a 2,069 sq.ft. office in the Southtown Mall Shopping Center. Martin Wagner and Dominic Salvia of Ogden & Company, Inc. brokered the transaction.
• 777 E. Wisconsin Avenue, Milwaukee, WI. – Daymon Worldwide has leased approximately 1,380 sq.ft. of office space in the US Bank Center. Daymon Worldwide is an international company which specializes in the sale and marketing of Private Label products for consumers. Daymon works with leading retail, wholesale and food service companies across the U.S. and abroad. Martin Wagner and Dominic Salvia of Ogden & Company, Inc., represented the Lessee.
• 8112 W. Bluemound Road, Wauwatosa, WI. – Fund Development Corporation has expanded their space at the Oaks Building in Wauwatosa to 3,160 sq.ft. Fund Development Corporation is a professional consulting firm that assists community non-profit groups and social service organizations in raising monies through fundraising efforts, charitable giving programs and philanthropic support. Michael Seramur and James Benz of Ogden & Company, Inc., represented the Lessor, 8112 LLC.
October 27, 2006
Ogden Announces New Division!
We are pleased to announce the opening of our newest division, Ogden Construction Group, LLC. This division will focus on commercial design/build and general contracting, serving clients throughout southeastern Wisconsin.
Joel Cook, President and Project Manager of Ogden Construction Group, LLC will head the operation and will be responsible for cost estimating, value engineering, quality control and scheduling. Joel has over 16 years of experience in the construction industry and holds a bachelor’s degree in Architectural Engineering from MSOE.
Michael Cook will serve as Vice President and Director of Field Operations. Michael will be responsible for the day to day client relations, coordination of subcontractors and project schedule maintenance. Michael has worked for over 20 years as an apprenticed carpenter and construction superintendent.
In addition, Lynn Wasielewski was hired as Office Manager and Bookkeeper. Lynn has over 21 years of experience in the construction industry. Most recently, Lynn served as Chief Operations Manager for Math Starck & Sons.
Prior to joining Ogden Construction Group, LLC, the Cook family was with Math Starck & Sons. Their recent team projects include: the Federal Express World Service Center, Cameo Care Campus, Flint Hills Resources, Goodwill Industries, and the Community Learning Center in Glendale. They have also worked directly with Ogden Development Group on a number of projects including: West Village Shopping Center in West Milwaukee, White Coach Condominiums in Thiensville and the upcoming Mill Reserve in downtown Waukesha.
“We are excited to have them on board,” says Peter Ogden, President and Chairman of Ogden & Company, Inc. “The Cooks are well respected and share the Ogden values of doing business with honesty and integrity.”
October 27, 2006
John Mazza joins Commercial Brokerage & Investment Division
John Mazza has recently joined the Commercial Brokerage and Investment Division, as a Commercial Real Estate Broker. Mazza has an extensive background in property management and marketing. Gordon Steimle, Vice President of the Commercial Brokerage and Investment Division at Ogden & Company, Inc., commented, “We look forward to working with John, his enthusiasm and real estate expertise will complement the continued growth of the Division.” Mazza will maintain a select portfolio of commercial properties for the company’s Real Estate Management Division and will focus his efforts on office/retail leasing and investment sales. Mazza joined Ogden in 2000 as an intern and advanced into a key roll in commercial property management. Mazza holds a BS in Business Administration from Marquette University.
October 27, 2006
Commercial Brokerage & Investment Division annouces the following transactions
• Piper Jaffray & Co., has leased 2,590 square feet at 222 East Erie Street, Milwaukee, in a new redevelopment project in the historic Third Ward. The space is being used by Piper Jaffray Public Finance division which works with state and local government bodies on financing solutions for school districts, public infrastructure improvements, TIFS, etc. Piper Jaffray is a client-focused, middle market investment bank and institutional securities firm founded in 1895 and based in Minneapolis, Minnesota. Piper Jaffray & Co., employs approximately 1,000 individuals in 28 offices throughout the U.S. and abroad. Gordon Steimle of Ogden & Company, Inc., represented the Tenant and 222 East Erie’s Landlord, Fulton Property Master Tenant, LLC, was represented by Inland Companies.
• R&R Swan Investments d/b/a Molly Maid of Southern Milwaukee county, has leased 700 sq.ft. of office space at 5307 S. 92nd St., in the Valley View Office Building, Hales Corners. Molly Maid is a network of independently owned and operated home cleaning franchises with locations in 34 states throughout the U.S. and operations in Puerto Rico, England, Canada, Japan and Portugal and was founded in 1979. Dominic Salvia and Martin Wagner brokered the transaction.
• Progressive Image, Inc. has leased an additional 3,082 sq.ft. of space in the New Berlin Industrial Park bringing their total square footage to 23,840 sq.ft. at 2345-2385 S. Commerce Avenue. Progressive Image, Inc., is an authorized component distributor representing over 35 manufacturers. Value added services include: wire harnesses, special and small component assemblies, terminal block assembly, labeling and kit packaging. Dominic Salvia and Martin Wagner brokered the transaction.
• A restaurant located at 10000 W. Capitol Drive, in the city of Milwaukee, formerly known as “Lucky’s”, was sold by Lloyd A. Chopp, Jr. and Lisa J. Chopp to George Papagainis. Roger Duchow of Ogden & Company, Inc.’s Commercial Division brokered the transaction.
October 9, 2006
Ogden Wins Family Friendly Award
Ogden & Company, Inc., was one of 20 Milwaukee-area employers that received the Family Friendly Award from Metroparent Magazine. Employees nominated their company based on its willingness to create a positive working environment, offering such things as flexibility, daycare and assistance in helping employees achieve a better work/life balance. To view the related article click here.
September 28, 2006
CraftMaster Contractors annouces the following
Eddie Miller has been hired by CraftMaster Contractors as the Painting Department Manager. Mr. Miller brings more than 15 years of painting experience allowing CraftMaster Contractors to expand their professional services for interior and exterior painting to the commercial, industrial and residential marketplace.
September 26, 2006
Commercial Brokerage Divison announces the following
• Michael Seramur has leased 15,000 square feet of office and warehouse space at 4702 N. 124th Street, to OSI Environmental Inc. OSI Environmental has been providing environmental services for clients throughout the Midwest since 1988. Headquartered in Eveleth, Minnesota, OSI has locations in Milwaukee, Minneapolis, Chicago, and Green Bay. Services include tank cleaning, spill response, hazardous waste management, transportation, and used oil recycling. Steve Provancher of NAI Mooney-Lesage Group represented the tenant.
• Michael Seramur and James Benz negotiated the lease renewal on 1,254 square feet of office space in the Oaks Professional Building at 8112 W. Bluemound Road, Wauwatosa to Friedle Insurance Agency. Friedle Insurance Agency has been in business since 1973 and provides health, life, auto, home and business insurance products.
• Dominic Salvia and Martin Wagner have leased 2,000 square feet of space at 3948 N. Maryland, Shorewood to McMenamin Irish Dance Academy. McMenamin Irish Dance Academy teaches Irish dance and Irish culture to children ages 4 and up.
• Martin Wagner and Dominic Salvia brokered the sale of 619 S. 70th Street, Milwaukee sold by James and Renee Andersen to MPNC Properties, LLC.
• Roger Duchow, Dwight Kellogg and ReMax of Wausau co-brokered the sale of Lot #3, Harrison Lakes Preserve, Gleason sold by Georgetown Investments, LLC to David J. Frisch and Kathleen Hovland-Frisch.
September 19, 2006
Lynnell Carleton Named Director of Compliance and Affordable Housing
Lynnell Carleton has been named Director of Compliance and Affordable Housing for Ogden & Company, Inc. Lynnell will oversee Ogden’s affordable housing portfolio, including those properties regulated by HUD, WHEDA and the IHDA. She will handle all fiduciary matters for the properties and will administer all compliance requirements associated with the state and federal subsidies.
Lynnell came to Ogden with an extensive background in affordable housing, after working as an Asset Manager for the Wisconsin Housing and Economic Development Authority. She also assisted Franciscan Ministries, Inc. (a holding company for Wheaton Franciscan Services., Inc.) with its acquisition of older Section 8 properties in the Milwaukee and Kenosha area. “With close to 15 years of experience managing subsidized housing for seniors and families, Lynnell was an excellent fit to oversee this division,” says Peter Ogden President of the company.
Her designations include: Certified Occupancy Specialist (COS), Management and Occupancy Review Specialist (MORS) and licensed Realtor.
August 9, 2006
Julie Peterson - IREM Member of the Month
Julie Peterson, ARM®, CMCA®, Director of Condominium Management at Ogden & Company, Inc. AMO® located in Milwaukee, WI began her career in real estate management in 1991. Julie received her Accredited Residential Management (ARM®) designation in 1996, was awarded ARM® of the Year in 1999 & 2000, and earned the Certified Manager of Community Associations (CMCA®) designation in 2006 through the Community Associations Institute.
Julie has an extensive background in managing high end and multi-family apartment condominium and Tax Credit – Section 42 properties. She is instrumental in assisting developers in condominium conversions and new project start-up.
Julie is active in the local Institute of Real Estate Management (IREM®) chapter, serving on the Executive Board of Directors, Real Estate Alliance for Charities Board of Directors and Community Affairs committee chairperson. Julie is also a charter member of the Community Associations Institute (CAI®) Board of Directors serving the needs of condominium and homeowner associations and CAI® Education & Programs committee member.
August 9, 2006
Commercial Brokerage Division annouces the following transactions
~8844 North Port Washington Road, Bayside, WI – Mary M. Christensen d/b/a State Farm Insurance Agency has leased 890 sq.ft. of office space in the Ogden Center which is an 18,195 sq.ft. office retail center located on N. Port Washington Road at Brown Deer Rd. in Bayside. Marvin Hansen of Ogden’s Commercial Division brokered the transaction.
~Lot 8A in the new Lannon Road Business Center located at US Hwy 41 & 45 in Germantown was sold by Frederick and Cheri Carlson to Akash Properties LLC. Roger Duchow of Ogden & Company, Inc. brokered the transaction.
~8112 West Bluemound Road, Wauwatosa, WI – Lakeside Finance Corporation has leased 1,015 square feet of space in the Oaks Professional Building located along Honey Creek Parkway.
June 19, 2006
Commercial Brokerage Division annouces the following lease transactions
~2751 S. Chase Avenue - State Disposal Services, LLC has leased 11,552 sq. ft. of industrail space from Eagle Properties of Wisconsin, LLP. This transaction was brokered by John Avery and James Benz.
~8112 W. Bluemound Road. Granitz Financial Services, LLC has leased 798 sq.ft. of space in the Oaks Professional Building located along Honey Creek Parkway. This transaction was brokered by James Benz and Michael Seramur.
June 9, 2006
Lynnell Carleton named Property Manager of the Month
Congratulations to Lynnell Carleton for being chosen " Property Management Professional of the Month" by Affordable Search.com. Thank you Natasha for nominating Lynnell for such an honorable award. Natasha said Lynnell will often "take the time out of a busy day just to be a listening ear to some residents who have no one else to talk to" and that she is "committed to providing seniors and families with a home they can afford and be proud of". Lynnell obviously takes her job seriously and is entitled to the respect of those who share her goals in this demanding field. Way to go Lynnell!
To view the award, click here.
June 6, 2006
John Avery appointed to Whitefish Bay Architectural Review Commission
John Avery, a member of Ogden's Commercial Brokerage Team, has recently been appointed to the Whitefish Bay Architectural Review Commission. John is a 35 year resident of Whitefish Bay and is an active community member. Mr. Avery has an extensive background in real estate acquisition, development and sales. John has also served as Chief Operating Officer of a major contracting and development firm. His term on the Whitefish Bay Architectural Review Commission will expire in 2009.
June 6, 2006
Commercial Brokerage Division announces the following transactions
•Sunset Fields Shopping Center located at 131-159 East Sunset Drive, Waukesha, WI 53186 was recently sold by Sunset Fields, LLC to Scherf Properties Trust II dated 7/17/92. The shopping center contains approximately 31,000 square feet of space. Tenants include: Car Quest, George Webb, Subway and Community Financial. Roger Duchow of Ogden & Company, Inc. represented the Seller.
•16705 W. Lincoln Avenue, New Berlin, Wisconsin – StorX has leased 97,213 square feet of space in the New Berlin Industrial Park. StorX provides warehousing, drop shipping, inventory management, and related services for national and overseas container shipments. The building is owned by Lincoln New Berlin Property LLC. Martin Wagner and Dominic Salvia of Ogden & Company, Inc. brokered the transaction.
May 21, 2006
Susan Fellows quoted in Milwaukee Journal Sentinel
The Milwaukee Journal Sentinel quoted Susan Fellows in their Sunday Real Estate article "Landlords Regaining Control of Market". An excerpt follows:
"Current renters are going to see rental increases for the first time in a few years," said Susan Fellows, director of multi-family management at Ogden & Co., a rental management firm with about 5,000 units in metro Milwaukee, Appleton and Illinois. "We actually have waiting lists again for some of the apartments."
Fellows said she doubts the high-end apartment market will recover as fast as the middle range because buying a home or a condo is still within reach for higher income renters.
For full article, click here.
April 10, 2006
Learning Shop Adds Location
The Learning Shop to Open Mayfair Road Location
The Learning Shop, an Appleton-based retailer, has purchased a 7,600-square-foot building at 2911 N. Mayfair Road, Wauwatosa, WI. Brothers Tom and Todd Merryfield, owners of The Learning Shop, bought the building in Wauwatosa due to its proximity to the high-traffic Mayfair Mall and to fill a void in serving their customers in the Milwaukee area.
“This will be our fourth store in metro-Milwaukee and will provide us a location from which to serve educators and customers from Wauwatosa and the City of Milwaukee,” said Todd Merryfield. Educators and parents can find all types of products for the classroom at The Learning Shop, as well as creative resource books to engage the most challenging student from K5 to 8th grade. Families will also find a vast array of educational toys, family games and specialty gifts for babies, children and teens.
The Learning Shop was founded by the Merryfields’ parents in Appleton, Wisconsin in 1979. The first Milwaukee stores opened in 1997 when the family acquired the Teacher’s Pet chain. For more information about the products available or to order on-line, go to www.learningshop.com
The Mayfair Road building, formerly an insurance office, will be completely remodeled for retail use. Both the building’s interior and exterior will be renovated to more closely match other Learning Shop locations. The new store is expected to open in the third quarter this year. The Learning Shop has locations at The Riverpoint Village Shopping Center in Fox Point, Southridge Plaza on South 76th Street in Greendale and on West Bluemound Road in Brookfield. The Learning Shop also has locations in Appleton and Madison,Wisconsin.
Gordon Steimle of Ogden & Company, Inc. represented The Learning Shop. The building sellers were represented by Michael Fardy and Steve Pape of Inland Company.
April 10, 2006
Lease Transactions
Milwaukee - Ogden & Company, Inc. is pleased to announce the following lease transactions handled by the Commercial Brokerage Division:
• 9415 W. Forest Home, Hales Corners in the Eisner Professional Building :
- Wayne Jay Agency – American Family Insurance has leased 545 square feet of office space. Marvin Hansen brokered the transaction.
- Acme Image Works, LLC has leased 1,108 square feet of office space. Marvin Hansen
brokered the transaction.
• 5307 S. 92nd Street, Hales Corners in the Valley View Professional Building:
- Dr. Michael L. Kotkin has leased 552 square feet of office space. Marvin Hansen brokered the transaction.
• 21122 Omega Circle, Town of Norway:
- Loch-Lagina Motor Sports LLC has leased 1,920 square feet of space. John Avery brokered the transaction.
- Advanced Landscape Lawn & Snow, Inc. leased 3,840 square feet of space. John Avery brokered the transaction.
April 10, 2006
Sales & Lease Transactions
Milwaukee - Ogden & Company, Inc. is pleased to announce the following sale/lease transaction handled by the Commercial Brokerage Division:
• 2911 N. Mayfair Road, Wauwatosa, Wisconsin.
- The Learning Shop purchased this 7,600 square foot building for their fourth Milwaukee area store. Gordon Steimle, CSM represented the buyers in the transaction.
• P.H. Dye House, 325 E. Buffalo Street.
- Potawatomi Business Development Corporation has leased 3,213 of office space in the historic third ward. Michael Seramur and R. Martin Wagner brokered the transaction.
• 10555 N. Port Washington Road, Mequon in the Belmar Office Building:
- Invest-Sure Wealth Management, Inc. has leased 1,215 square feet of space. Michael Seramur brokered the transaction.
• N27 W23713 E. Paul Road, Pewaukee in the Charter Oaks Building:
- Velcheck & Finger Roof Consulting and Service, Inc., has leased 6,000 square feet of space. The partners David Velcheck, formerly of Inspec and Patrick Finger formerly with Langer Roofing have over 40 years of combined roof consulting and service experience. Gordon Steimle, CSM represented the Lessee.
March 19, 2006
Susan Fellows quoted in Heartland Real Estate Business
Heartland Real Estate Business, a national monthly real estate journal recently interviewed Susan Fellows, Director of Multifamily Management at Ogden, for their March 2006 article concerning the Milwaukee multifamily market. An excerpt follows:
The Milwaukee multifamily market is getting exciting again, with renters shopping for services and amenities instead of just rental specials. Properties have once again been able to budget a rental increase, and high-end units are again seeing traffic. “For the past 4 years, we had been running our properties by just maintaining,” says Susan Fellows, director of multifamily management at Milwaukee-based Ogden & Company. “Expenses were going up, but not income. The market was weak and competition was fierce. [But since] mid-January, properties have seen traffic as if it was June. [Prospective renters are asking] ‘What does your community have to offer?' rather than ‘What are the specials?'”
For full article, click here.
February 24, 2006
Market Square in LaCrosse managed by Ogden's Property Management Division
MARKET SQUARE APARTMENTS IN LACROSSE REQUIRES COSTLY REPAIRS
By JOAN KENT | La Crosse Tribune
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It will cost between $2 million and $3 million to repair the River Center apartments atop Market Square Ramp, officials said.
All the windows and bricks on the exterior of the building, which opened in 1999 on Fourth Street in downtown La Crosse, must be replaced, at a preliminary estimated cost of between $1.8 million and $2.6 million, said Alita Burish, property manager for Peter Ogden of Milwaukee.
In addition, she said, the roof must be replaced at a cost of about $250,000, according to initial bids and a report done for the complex’s receiver.
A Buffalo County Circuit Court judge appointed Ogden as receiver last August after the trustee filed to place River Center Plaza and Apartments in foreclosure.
Ogden installed scaffolding and canopies over the sidewalks on the Jay and King streets sides of the building to protect passersby from the bricks, which were falling off the building.
Inspec of Chicago, Milwaukee and Minneapolis inspected the property and offered four options for replacing the facade, Burish said.
“It’s a given that the facade must be replaced,” Burish said. “The bricks are not holding because of improper installation.”
The facade is made of thin bricks, though Burish said the architect’s design called for conventional bricks.
It is not feasible to repair portions of the facade because it’s not possible to know where the adhesive is failing without removing the bricks, she said.
Inspec’s report found the structure of the apartment building is sound, she said. But the report says the roof, all the windows and the facade need replacement. The roof does not have a water vapor shield, and the windows do not have lintels or flashing, which has resulted in leaking, Burish said.
The four options for replacing the brick facade are:
Install a material of foam with a finish coat that has a stucco appearance. This is the least expensive, but it does not work well in cold climates and is less attractive, said Burish.
Install the stucco-appearing material in pre-cast panels. Interior walls would have to be torn down, Burish said, and all the apartments are occupied.
Use the same thin brick system that is being removed, but properly install it.
Use regular bricks, the most expensive option.
Ogden plans to have up to four other firms review the building to ensure the report is correct, Burish said. That will probably take until about the middle of next month. Then, she said, officials from the bank and receiver will decide what to do and set a timetable.
Meanwhile, the clock is ticking on the lawsuit filed against Market Square Housing LLC, the developer of the apartments and retail space at the ramp. U.S. Bank N.A., acting as trustee for the certificate holders of J.P. Morgan Commercial Mortgage pass-through certificates, filed for foreclosure last August. U.S. Bank became the trustee after acquiring State Street Bank and Trust Co., the original trustee for the loan. A judgment of foreclosure was issued Jan. 9.
The local U.S. Bank has no involvement in the matter.
The developer has six months from the judgment to pay off the loan and take the property out of foreclosure, said Mary Turke, attorney for Michael Best & Friedrich law firm, which is representing U.S. Bank N.A. If the developer does not pay off the loan, she said, the property will go to a foreclosure sale.
According to court documents, the developer defaulted on the loan and owes a total of more than $5 million, including almost $4 million of unpaid principal.
On Nov. 10, Michael Best & Friedrich made a claim against the city, contending La Crosse did not ensure that the apartments were constructed according to city codes and ordinances. City Attorney Pat Houlihan said the city has 120 days to answer the claim, and then U.S. Bank N.A. has six months during which to file a lawsuit if the city denies the claim.
Joan Kent can be reached at (608) 791-8221 or jkent@lacrossetribune.com.
February 1, 2006
U.S. Title purchases office building in Wauwatosa
US Title, one of the area's fastest-growing title insurance agencies, purchased a 32,000 square-foot office building at 8112 W. Bluemound Road, Wauwatosa, WI. Attorney William M. Judge and Ron Kaminsky, principal owners of US Title, will be relocating their Glendale offices to Wauwatosa for the more centralized metro-Milwaukee location. "This office building will provide us a location from which to better serve our growing number of clients and a more efficient office layout," said Kaminsky. US Title was founded by Judge and Kaminsky in 1998 for the sole purpose of servicing the commercial, residential and development community.
The top level of the building will be completely remodeled for US Title. Other building improvements are planned which will benefit the existing tenants in the building. The property was sold by One Call Concepts of Hanover, Maryland. Brokers, Gordon Steimle, Mike Seramur & Jim Benz of Ogden & Company, Inc. represented both the buyer and the seller in the transaction. Ogden & Company, Inc. has also been hired to manage and lease the building.
January 17, 2006
Commercial Brokerage Division annouces the following lease transactions
• Play it Again Sports leased 4,267 sq.ft. at the Southtown Mall, Sheboygan, brokered by Roger Duchow.
• Progressive Image, Inc. leased 16,000 sq.ft. of space at 2385 Commerce Drive in New Berlin, Wisconsin, brokered by Martin Wagner and Dominic Salvia.
• Watertech of America, Inc., leased 3,264 sq.ft. of space at 9415 W. Forest Home Avenue in Hales Corners, Wisconsin, brokered by Marvin Hansen.
• Barsamian Rug Company leased 2,000 sq.ft. of space at 11031 North Port Washington Road in Mequon, Wisconsin, brokered by Marvin Hansen.
January 17, 2006
Commercial Brokerage Division annouces the following sales transactions
Commercial Brokerage Division announces the following sales transactions:
• Restaurant located at 9909 W. Appleton Avenue in Milwaukee, WI, brokered by Roger Duchow, CCIM.
• Industrial complex located at 1308 and 1320 18th Street in Racine, WI, brokered by David Nance and Martin Wagner.
• Approximately 8.6 acres of land for development located at 425-435 Thompson Rd. in Sun Prairie, WI, brokered by David Nance and Michael Seramur.
December 27, 2005
Ogden managing River Center Plaza and Apartments in La Crosse
In August, Buffalo County Circuit Judge Judge James Duvall placed the River Center Plaza and Apartments in receivership and named Ogden & Co. Inc. of Milwaukee as receiver. Ogden has paid back taxes, sewer and water bills, and bills for secure parking at the Market Square Ramp owed by the developer.
In July and August, the city’s Inspection Department issued several orders to repair the apartments, and Duvall ordered Ogden to use rent income to first repair any safety hazards at the property.
Ogden installed scaffolding over the sidewalks on the Jay Street and King Street sides of the apartments to protect passersby from falling brick, said John Unnasch, Ogden’s site manager at the apartments. He said Ogden has done major roof repairs and repaired the heating system.
“We are proud of what we have done here,” Unnasch said, reporting that Ogden has increased occupancy from 85 percent to 98 percent expected by the end of January. “Our goal was to improve the quality of living. We have gone into each apartment. We are seeing the light at the end of the tunnel.”
Ogden is in phase one of repairing the building, finding out what’s wrong and what will work to fix it, said property manager Alita Burish. The roof has been temporarily repaired to eliminate leaks but must be replaced, but she said. She said Ogden has replaced furnaces and dealt with plumbing issues.
“There was a lot of deferred maintenance,” she said.
For full article, click here.
November 29, 2005
Ogden members attend IREM event
La Crosse Realtor named president of IREM
Originally published 2005-11-29 00:00:00
Fredrick Prassas of Real Estate Management Concepts Ltd. in La Crosse has been elected president of the Institute of Real Estate Management (IREM). An affiliate of the National Association of Realtors, IREM has 82 U.S. chapters, eight international chapters, and several other partnerships around the world. IREM is an international organization that serves as an advocate on issues affecting the real estate management industry. Prassas holds the IREM Certified Property Manager (CPM) designation. He is a former president of the Wisconsin Realtors Association. He has served on a variety of industry and governmental committees and task forces, including the Ad Hoc Committee on Residential Rental Practices of the Wisconsin Department of Agriculture Trade and Consumer Protection, former Wisconsin Gov. Tommy Thompson's Conference on Small Business Advisory Committee, the Board of Trustees for the University of Wisconsin's Center for Urban Land Economics Research and the Wisconsin Real Estate Board. Prassas is a member of both the Milwaukee and Madison chapters of IREM. The Milwaukee chapter recently named its leadership team for 2006. Angela Fullerton, a vice president with MLG Management LLC in Brookfield, was elected to a second term as president of the Milwaukee chapter. Other officers for the association include: Kristin Layeux of U.S. Bank Corporate Real Estate, president-elect; Ray Balfanz of Steiner Group, vice president; Margaret Wendelburg of Polacheck Property Management, secretary and treasurer; and Marjean Pountain of Ogden Co., immediate past president. Newly elected members of the IREM Milwaukee executive council are: Maleta Brown of Towne Realty; Mary Waltersdorf of Fiduciary Real Estate Development; and Victoria Safford of RE Management. Returning council members are: Julie Peterson and Wayne Grabowska, both from Ogden Co.; Judy Leiterman and Joseph Thomae, both from Astar Capital Management; and Bill Dwyer of Premier Real Estate.
November 28, 2005
Third Ward condo market booming
City officials and members of the RivRen LLC development team break ground on the 80 unit River Renaissance condo in Milwaukee's Third Ward. Partners in the development are Scott Burns, an attorney with the Third Ward's Halling & Cayo SC, Bob Schultz of New Berlin's 35rd Coast Design Concepts, Peter Ogden of Ogden & Company, Inc., and Steven Stewart of Milwuakee-based Investors Equity LLC. Ogden is handling the retail leasing and residential condoominium sales. The building is going up on the Third Ward's last riverside property with southern exposure.
November 21, 2005
PH Dye House
Ogden & Company, Inc., has been hired by the Gardner Group, LLC, to market space in the PH Dye House at 320 East Buffalo Street in Milwaukee's Historic Third Ward. Renovations of the 180,000-square-foot eight story building are underway which will include retail, office, residential, and commercial space.
September 22, 2005
Jim Katz, in his memory
It is with sympathy to the family of Jim Katz that we sadly, but proudly announce that prior to his death Jim made arrangements for Ogden & Company, Inc. to assume the management responsibilities of his long time professional service real estate management company. Ogden is now servicing all 450+ units formerly overseen by Jim, and his staff and site personnel have all joined Ogden's team.
Marjean Pountain, CPM, Vice President and Director of Ogden's Real Estate Management Division reports that Jim Katz was a colleague whose professionalism was superb and will be missed in the industry. Peter Ogden and our staff are all very proud that Jim chose us to carry forward with continuity the legacy of professional property management service to the premier residential buildings throughout southeastern Wisconsin that Jim serviced for many years.
September 12, 2005
Angelo acquires Van Buren property
Ogden & Company, Inc. is pleased to announce the following sale transaction handled by Michael Seramur of the Ogden Commercial Brokerage Division:
• Sale of the property at 1686-1688 North Van Buren Street consisting of four apartments and ANGELO’s Piano Bar. The property was sold to Angelo Martellano.
September 2, 2005
Mueller Communications to occupy 1749 North Prospect Avenue
Ogden & Company, Inc. is pleased to announce the following sale transaction brokered by Michael Seramur of the Ogden Commercial Brokerage Division:
• Office Building located at 1749 North Prospect Avenue, Milwaukee had been the home of Cunningham & Lyons, S.C. and will become the future corporate office of Mueller Communications.
This historic structure was originally built in 1875 for William H. Bradley, a partner in Bradley Brothers which was to become on of the city’s largest lumberyards.
September 1, 2005
August 2005 commercial transactions
Ogden & Company, Inc. is pleased to announce the following sale transactions handled by the Ogden Commercial Brokerage Division:
• Approximately 3 acres of Vacant Land at 8396 Hillside Drive, Delafield, Wisconsin sold by Austin Real Estate Company, LLC to Horizon Development Group, Inc., brokered by Roger Duchow.
• Light Industrial Property at 12585 Knoll Road, Elm Grove, Wisconsin sold by West State Street LLC to Matthew D. Strong, brokered by Dominic Salvia of Ogden and Al Johnson of IndusComm.
• Industrial Property at 1711-1713 West Pierce Street, Milwaukee sold by the Estate of Stephan J. Pemper to Michael J. Fleisch, brokered by John Avery of Ogden & and John Terry Mulcahy of Shorewest.
August 25, 2005
Susan Fellows joins Ogden
Ogden and Company, Inc., Inc. is pleased to announce that Susan Fellows has joined Ogden as the Director if its Multi Family Housing Management Division. Susan has over 15 years of management experience, and a track record of improving performance in the most challenging of situations. "With the growth of Ogden's portolio during challenging market conditions Susan has brought a wealth of new ideas and enthusiasm to the property management division at Ogden.
August 19, 2005
SER-Jobs for Progress, Inc.
Ogden & Company, Inc. is pleased to announce that SER-Jobs for Progress Inc. has leased 16,000 square feet in a new facility at 1644 South 9th Street. The facility is owned by United Migrant Opportunity Services (UMOS).
Milwaukee SER-Jobs for Progress is a community based organization that creates and promotes programs in the fields of education, training, employment business, and economic opportunities resulting in the development and utilization of the state’s human resources.
Leasing and listing brokers for Ogden & Company, Inc. were John Avery, Jim Benz, Marty Wagner.
Ogden & Company, Inc. which celebrated its 75th anniversary last year, is a Milwaukee-based multi-faceted real estate company with commercial, residential, property management, facilities maintenance, and real estate development divisions. Ogden & Company, Inc. has offices in Milwaukee, Elm Grove, and Phoenix Arizona.
August 5, 2005
Property Management Division - Lynn Bagniewski, is New Business Director
Lynn Bagniewski has joined Ogden and Company, Inc., as their New Business Director. "Lynn's roll is to investigate new business opportunity within the business community" states Marjean Pountain, A Vice President and Executive Director of Ogden's Real Estate Management Division. Lynn Baganiewski has a strong sales and marketing background, and will be following up on new business inquiries and opportunities.
February 11, 2005
Gordon Steimle joins Ogden
Ogden & Company, Inc. is pleased to announce that Gordon Steimle has recently joined the staff as the Vice President of Commercial Brokerage. Steimle has 20 years of experience in the commercial real estate industry, and most recently served as a Vice President at Polacheck Property Management Corp. Steimle has managed millions of square feet of retail, commercial, and industrial property throughout Southeastern Wisconsin. Before joining Polacheck, Steimle managed regional shopping malls for The Richard Jacobs Group in Wisconsin, Michigan and Ohio. In his new position at Ogden, Steimle will direct 10 commercial brokers servicing the leasing, brokerage and real estate investment community. Peter Ogden, President of Ogden & Company, Inc. commented "Gordon adds a creative, fresh approach to our company and we look forward to his contributions to the continued growth and expansion of services at Ogden". Steimle is a graduate of the University of Wisconsin-Milwaukee, and earned his Certified Shopping Center Manager (CSM) designation from the International Council of Shopping Centers (ICSC) in 1989. He is a board member of the West North Avenue Business Improvement District, and serves as the marketing committee chairperson for the St. Sebastian School Foundation. Ogden & Company, Inc. which is celebrating its 75th anniversary this year, is a Milwaukee-based multi-faceted real estate company with commercial, residential, property management, facilities maintenance, and real estate development divisions. Ogden & Company, Inc. has offices in Milwaukee, Elm Grove, and Phoenix Arizona.
February 4, 2005
Ogden Homes; A Division of Ogden and Company, Inc.
At the end of 2004, Ogden Homes became the newest division of Ogden & Company, Inc.
Ogden Homes was developed to focus on the construction of high-quality custom homes on vacant home sites either as spec homes or as a builder hired direct by private lot owners to build their custom home.
Christian Thompson and Boro Sucevic, in conjunction with their experienced crews and sub-contractors, will head-up Ogden Homes as the Developers/General Contractors and Project Managers. Together, they bring quality expertise and master craftsmanship for this new home construction division.
Already well underway is their first project – a spec home in the Town of Delafield at N4 W30628 Maple Path. This is a 3,200 square foot, 4-bedroom/2.5 sits on a 1/3 acre lot with 29-acres of shared land with only 4 other homeowners. It features 4 bdrms, 2.5 baths, a master bedroom suite, great room with cathedral ceilings all custom maple cabinetry, trim & crown molding, Granite® & Corian® tops, natural fireplace, wood garage doors and many more amenities for $697,000. This home is just about completed and is definitely worth seeing! This high-end home is a notable start for this new division of Ogden & Company, Inc. and is just the beginning as Ogden Homes just acquired six more home sites in Farmington, WI and more home building will begin soon!
For more information on the home in Delafield or the home sites in Farmington, please contact Chris or Boro at 414-931-8990 or the Listing Agent, Shelly Thompson at 414-270-6375.
November 12, 2004
IREM Participation important to Ogden
On November 11, 2004, Three Ogden and Company, Inc., AMO Milwaukee Property Management Division associates were sworn in to positions on the Milwaukee IREM Chapter 13 Board of Directors.
Wayne Grabowska, ARM is the ARM (Accredited Residential Manager) representative on the Board.
Julie Peterson, ARM is a Board member, Community Outreach Committee member and REACH representative.
Marjean Pountain, CPM, as past President is a Board member now representing the AMO (Accredited Management Organization), is on the IREM National Governing Council and is a member of two national education committees.
The Institute of Real Estate Management (IREM) provides educational learning opportunities that Ogden employees and associates are encouraged to avail themselves. Ask Wayne, Julie, Marjean, or Alita Burish who also is active in IREM if you are interested in more information.
September 17, 2004
White Coach Condominiums
Stemmeler site condos begin to take shape
By Ed Zagorski
News Graphic Staff
Thiensville – Passers-by on Main Street will likely see construction crews working in a 28-unit condo development for the vacant site of the old Stemmeler’s White Coach Inn.
“We went ahead with the project believing there is a market for housing in Thiensville, and there is,” said Tom Neubauer of Ogden Development Group Inc. in Milwaukee. “We wanted to build something for those who grew up in Thiensville and want to stay in Thiensville. That stuck with us in our planning.”
Neubauer said the parcel of land was purchased by John Ogden in 1997; after the Stemmeler’s White Coach Inn was razed, the Ogden Group wanted to develop an area of retail similar to Door County, but Neubauer said the plan didn’t receive the support needed by area retailers to keep it afloat.
“So we approached Thiensville officials with our idea of constructing additional housing in the village and they supported it as long as our project conformed with the Town Center plan,” Neubauer said. “We already had the site so we were basically the first ones out of the box for devising a plan for additional housing.”
The Town Center Plan between Mequon and Thiensville is a long-term venture to join both communities in a fusion of redevelopment along old Highway 57.
And Neubauer said the condo development fits well with the Town Center’s plans.
“They do not look institutional by any means and are very attractive,” he said. “They won’t subtract anything from Thiensville’s beauty and small town charm.”
The two buildings, one with 12 units and the other with 16, comprise the White Coach Condominiums set for 213 S. Main St: Both buildings have above-ground parking with each having 24 private parking spaces and 21 unassigned/guest spaces. The project is set on 68,670 square feet or 1½ acres.
Neubauer said the units will have two bedrooms and two baths along with a laundry area. They will also have their own terrace. He said the estimated cost for one of the units is slightly above $200,000.
He said construction for the two buildings began in early August with a possible completion date of spring 2005.
April 16, 2004
Craftmaster member escorts soccer tour
Boro Sucevic, of CraftMaster Contractors has returned from a two-week trip to England. Boro escorted 41 people through The Leeds United, Liverpool, Manchester United, and the Bolton Football Clubs.
The tour group were members of the Elm Grove and Brookfield Soccer Clubs, and the goal of the trip was to promote CraftMaster Contractors and the divisions of Ogden & Company, Inc. Participants enjoyed youth games in York, Colton, Liverpool, and Leeds.
If you’d like more info on the trip, contact Boro at 414-931-8990.
February 15, 2004
River Renaissance
Ogden & Company, Inc.'s Condominium division is pleased to announce the marketing of the River Renaissance, 72 luxury units located in the historic third ward. Developed by River Renaissance, LLC and built by Voss Jorgensen Schueller Co, these units boasts two to three spacious bedrooms and one to two and a half bathrooms. These units exude opulence throughout, featuring an abundance of Italian marble, granite countertops and rich hardwood floors.River Renaissance will also feature an array of eateries, as well as other retail outlets located at street level. For more information, visit our sales center located at 1665 N. Water St. or call (262) 780-3464.
February 1, 2004
School Contract awarded to Craftmaster Contractors
CraftMaster Contractors, Ogden & Company's construction and maintenance division, has secured a maintenance contract with the North Fond du Lac School District. CraftMaster's services are a perfect fit for school districts, governmental entities and businesses that may be looking to outsource maintenance and construction. Contact Jan Ruggles at CraftMaster at (414) 931-8990.
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