“We worked with Heather on a commercial real estate purchase and I can't imagine anyone working harder for us on the deal than she did. When we faced challenges with the municipality, she was right there to join in the struggle with us and offer he expertise to get the deal done. She kept communication simply and efficient, stayed on top of all the deadlines, and even handled things for us so we could stay on task in operating our businesses. Heather's skill, experience, grit, drive, and integrity make her the first choice when it comes to buying/selling commercial real estate in great Madison. I highly recommend you consult with her before your next deal.”
About
10 Years as a Commercial Real Estate Advisor and Consultant including founding/operating…
Services
Contributions
Activity
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Is this you? Do you plan for the Christmas holiday (if you celebrate it) or do you shop in the final week/days?! According to The National Retail…
Is this you? Do you plan for the Christmas holiday (if you celebrate it) or do you shop in the final week/days?! According to The National Retail…
Posted by Heather Ewing, CCIM
Experience
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Education
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Activities and Societies: Pi Sigma Epsilon, APICS member, intra-mural soccer
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Activities and Societies: Pi Sigma Epsilon, APICS member, intra-mural soccer
Licenses & Certifications
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Real Estate Brokers License
State of Wisconsin Department of Safety and Professional Services
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Real Estate Business Entity
State of Wisconsin Department of Safety and Professional Services
Issued Expires -
Real Estate Salesperson
State of Wisconsin Department of Safety & Professional Services
Issued ExpiresCredential ID 76915-94
Volunteer Experience
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President of the Board of Directors
Commercial Brokers Group, Inc.
- Present 1 year
Economic Empowerment
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Fundraising Volunteer
Girls on the Run - South Central Wisconsin
- Present 2 years
Children
Due to work and marathon travels, I wasn't able to participate with Girls on the Run weekly meetings. Where there's a will, there's a way! To help in another fashion, I created the annual Bright Lights 3k fun Run/Walk. Proceeds are donated to GOTR.
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Executive Committee-Secretary
Madison's Central Business Improvement District
- 3 years
As Secretary of the BID Board, it's my duty to ensure meeting minutes capture the content of each meeting. Due to my knowledge and experience in the BID District, I convey the needs of various business and real estate owners. Additionally, I share national trends and concepts that have worked in other areas that could be of benefit in Madison as well.
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Board Member
Madison's Central Business Improvement District (BID)
- Present 5 years 8 months
Economic Empowerment
Formed in 1999, Madison's Central Business Improvement District (BID) is a City of Madison assessment district encompassing State Street (from Park Street to the Capitol Square) and the Capitol Square area (the Square plus most 100 block streets or “spokes” off the Square).
Located on an isthmus between two beautiful lakes, and anchored by the Wisconsin State Capitol and the University of Wisconsin campus, this unique shopping, dining, entertainment and business district is home to…Formed in 1999, Madison's Central Business Improvement District (BID) is a City of Madison assessment district encompassing State Street (from Park Street to the Capitol Square) and the Capitol Square area (the Square plus most 100 block streets or “spokes” off the Square).
Located on an isthmus between two beautiful lakes, and anchored by the Wisconsin State Capitol and the University of Wisconsin campus, this unique shopping, dining, entertainment and business district is home to hundreds of shops, boutiques, galleries, restaurants, pubs and taverns, many locally-owned, plus museums and cultural destinations.
The BID works to market the district as a whole, create a welcoming downtown environment, and further community relations. The BID liaises between district businesses and property owners, the City of Madison, and other downtown stakeholder groups including Downtown Madison, Inc. (DMI), the Greater State Street Business Association (GSSBA), the University of Wisconsin-Madison, the Downtown Coordinating Committee, Capitol Neighborhoods, downtown arts and cultural organizations, and others.
BID funds are used for marketing, business recruitment and retention, enhancements such as downtown art, holiday lights, and flower planters, an Ambassador program and a Downtown Map & Guide. Sponsorships and advertising revenues are used to extend the funding available for BID services and programs.
The BID Board of Directors is appointed by the Mayor, and includes district property and business owners, a downtown Alder, a Mayor's Office representative, and downtown residents. There are two full-time BID employees, an Executive Director and an Operations Director, two part-time programming coordinators plus part-time and volunteer Ambassadors. -
Economic Development Board Member
Downtown Madison Inc.
- Present 9 years 3 months
Share retail and commercial real estate experience in downtown Madison to help the economic vitality of the downtown business and real estate owners. This helps to create a more vibrant experience for visitors and quality of life for our residents.
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Honors & Awards
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Brat Fest Run - 1st Place
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1st Place in age division for 10k Run.
Organizations
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Certified Commercial Investment Member, CCIM
Board of Directors-Treasurer
- PresentServing as the Treasurer for the Board of Directors for the WI Chapter.
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Commercial Brokers Group, CBG
Board of Directors-Secretary
- PresentServing on the Board of Directors as Secretary.
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Certified Commercial Investment Member, CCIM
Member
- PresentReceived my”pin” in August 2020.
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National Association of Realtors, NAR
Member
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CARW
Member
- PresentState association of commercial real estate brokers.
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City of Madison BID Board
Executive Committee Secretary
- PresentAppointed by the Mayor, Satya Rhodes-Conway, to represent the needs of owners, businesses, etc. in downtown Madison creating a more vibrant community.
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REDIComps Advisory Board
Board Member-Retail Asset Class
- PresentProvide Retail market data and knowledge for leased/sold properties as well as new developments for accurate vacancy rates in Madison and Dane county.
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Downtown Madison Inc. | DMI
Economic Development Board Member
- PresentProvide the retail brokerage perspective for downtown real estate trends, events and more.
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Commercial Brokers Group | CBG
Member
- PresentLocal networking and educational group for commercial real estate brokers.
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International Council of Shopping Centers | ICSC
Member
- PresentInternational and domestic focus on Retail Leasing and Sales.
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CCIM
Board Member-Secretary
-Served as Secretary on the Board of Directors for the WI Chapter.
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Toastmasters VPPR
VP of Public Relations
-Share the benefits of Public Speaking to the Madison community and beyond.
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Toastmasters
Member
-Refine my skills in public speaking allowing me to connect with more people in a significant manner.
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Xceligent Retail Advisory Board
Retail Expert
-Provide Retail market data for Leasing and Sales in the Madison area. Company dissolved and was replaced by Catylist.
Recommendations received
5 people have recommended Heather
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Emily Paquette
Times are tough for nearly every real estate business, but different parts of the country report unique challenges and approaches. Inman Intel’s monthly gauge of industry sentiment reveals interesting regional disparities. 1. Inventory Shortage: Agents in the Midwest and Northeast are facing tougher inventory shortages, with 33% and 44% respectively listing it as their top business concern. 2. Commission Splits: Ultra-high agent splits are less common in the Northeast. Only 4.5% of agents here have splits of 90/10 or above compared to 17.9% in the Midwest, 34.4% in the South, and 30.6% in the West. 3. Buyer’s Commission Queries: A significant share of clients in the West (35%) are questioning the necessity of covering the buyer’s commission, more than any other region. 4. Brokerage Switching Trends: The Northeast sees the highest percentage (12%) of agents nearly certain to switch brokerages within the next year, while the Midwest has the lowest (3%). Understanding these regional differences is crucial for strategizing in today’s challenging market. Dive deeper into the full regional breakdown and other key findings from the latest Inman Intel Index.
1 Comment -
Gary Grochowski
May Market Insights As we transition into the heart of the 2024 "Leasing Season", the Metro Detroit office market is demonstrating markedly increased activity, aligning with traditional patterns observed between April and June. This period, known for its increased leasing velocity, is seeing businesses engage more actively in real estate decisions. The stable pace of transactions reflects a market that has adapted to post-pandemic realities. Current trends show a sustained interest in spaces that support hybrid work models (with most employees in the office 2 to 4 days per week) and enhance operational efficiency, reflecting the ongoing prioritization of quality and flexibility in workspace solutions. As companies recalibrate their office requirements, premium, amenity-rich locations continue to attract tenants, driving a steady flow of leasing activities in remodeled office building with amenities. As we approach the slower summer months, when leasing inquiries traditionally dip due to vacation season, we remain optimistic about the resilience of the market. This consistent activity bodes well for the stability of the Metro Detroit office sector, promising a seamless transition into the latter half of the year. https://lnkd.in/g4Xy8_y7
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Jason Ramshaw
OFF MARKET OPPORTUNITY | DES MOINES IOWA | DETAILS BELOW | email jason@rhinocommunities Summary - Eastwood Estates Mobile Home Park Park Name: Eastwood Estates Address: 4315 NE 23rd Ave, Des Moines, IA, USA Sale Price: $950,000 Total Lots: 20 Occupied Mobile Homes: 17 Lot Rent (Current): $520 Market Lot Rent: $600 Water: City Sewer: Septic Utility Billing: Sub-metered (Billed Back) Roads: Concrete Valuation: Gross Annual Rents: $106,080 Lot Rent: $520.00 Expense Ratio: 35.00% Net Operating Income (NOI): $68,952 Cap Rate: 8.0% Quick Valuation: $861,900 Actual Value per Pad: $50,700 ($46,002) Asking Price per Pad: $58,529 ($49,750) POH (Park Owned Home) Inventory: Current: None Total POH Value: $0 Value of Rent-to-Own (RTO) Contracts: $58,147 Total Value (Including RTO): $920,047 Seller's Asking Price: $995,000 Value vs Ask Difference: -$74,953 Deal Upside: Market Rent Upside - $80, Value Add Infill - $175,500, Value Add Rent Raise - $132,600 Lot Breakdown: Tenant-Owned Homes (TOH): 13 (65.00%) Occupied Park-Owned Homes (POH): 0 (0.00%) Vacant POH: 0 (0.00%) Vacant Lots: 3 (15.00%) Contract for Deed: 4 (20.00%) Physical Occupancy: 17 (85.00%) Economic Occupancy: 17 (85.00%) Metro Data: Metro Name: Des Moines-West Population: 709,466 Median Income: $58,444 Median Home Price: $175,700 Average 3-Bedroom Monthly Rent: $1,400 Additional Information: Home Quality: Good Lot Size: All Large Amenities: Playground Flood Plain: No Other Notes: Expansion ground for residential development. Eastwood Estates presents a significant upside with the potential to increase market lot rents to $600, aligning with the local market trends. This adjustment could enhance the park's revenue, providing additional income and elevating the overall value of the property. Managed by a large and experienced operator, the park has been meticulously maintained and operated, ensuring high tenant satisfaction and stable occupancy rates. The current owner's expertise and attention to detail have kept the park running smoothly, making this an attractive opportunity for investors looking for a well-managed asset with room for growth.
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Ronald Prince, Sr.
“Oshkosh, Wisconsin, the home of popular children's brand OshKosh B'Gosh, now has a new claim to fame. The midwestern city boasts the hottest real estate market in the U.S., according to a new study from Realtor.com. Oshkosh's relatively affordable home prices, plus idyllic surroundings, including lakefront vistas, have catapulted the city to the top spot on the list of most desirable housing markets in the U.S. The combination of those two factors made it especially attractive to homebuyers as mortgage rates started to climb in 2022 and amid soaring home prices which have remained elevated across much of the country. The U.S. home price index up 47% compared with 2020. Across the U.S., growing land and home construction costs have been rising faster than Americans' incomes since the 1960s, according to the Harvard Joint Center for Housing Studies. Some Americans are fleeing bigger cities like Milwaukee in search of deals on homes in places like Oshkosh, where the cost of living is much lower, according to Realtor.com. As a result, demand is rising, and inventory is shrinking, which could eventually put pressure on home prices in the area.”
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Max Zhang
Rental Market Trends in Downtown Chicago In downtown Chicago, there are indications of a slowdown in residential rent growth following a period of rapid increases. Despite this, demand for apartments remains high, with 2,400 units added this year and a total of 3,600 expected by the end of 2024. The average monthly rent for Class A apartments in the area has risen to $3.68 per square foot, pointing to a robust market according to Ron DeVries of Integra Realty Resources. The factors fueling this demand include high interest rates discouraging home purchases and employment relocations to the city. However, remote work trends are redirecting some demand to neighborhoods outside the central business district, where rents are rising faster due to limited new supply. Overall, the market remains strong, with downtown occupancy at 93.8 percent and no concessions offered by landlords, suggesting continued strength in the rental market. # Thank you Aleksandra Novaković for your submission!
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🏢 Stash Geleszinski CCIM
Strategies for Real Estate Success in Cincinnati | Expert Analysis & Insights Discover key insights into the real estate market in Cincinnati and how it differs from other markets. Gain expert knowledge on growth potential, value add opportunities, and recession-proof investments. As industry leaders, we navigate the challenges and roll with the punches to provide you with the most accurate information for success. Stay ahead of the game with our proven strategies. #RealEstateCincinnati #PropertyInvestment #MarketInsights #ValueAddOpportunities #GrowthPotential #RecessionProofInvesting #ExpertAnalysis #IndustryLeaders #SuccessStrategies #NavigatingChallenges
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Sandy McDonald
Signs of Stabilization The total office availability rate in the downtown Chicago market decreased for a second consecutive quarter signaling a positive turn for the market. Over the last two quarters, total availability dropped by 70 basis points to 28.9%. The driver is sublease available space as it has decreased by just over 1.1 million square feet since the beginning of this year. This sharp decrease in available sublease space is an indicator that major tenants have finally right-sized their usable space and are offering less large blocks of sublease space to compete in the market. The power is expected to shift to owner’s hands to reset the market with the available direct space pricing.
1 Comment -
Steve Master
Industrial real estate is in an interesting place right now. Industrial buildings may lack curb appeal, but demand for industrial space is strong right now, particularly with the rise of of e-commerce and online retail, which rely on massive warehouses and distribution centers. Despite this growing demand, supply is still waning, as the cost of debt and inflation has slowed down building efforts. #IndustrialRealEstate #RealEstate
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Lofty Real Estate
It’s BLOG DAY! 🙌🏻 Discover the West Loop Real Estate Market with us! 🤍 Ready to dive into one of Chicago’s most dynamic neighborhoods? Our latest blog post covers everything you need to know about the West Loop real estate market, from rising property values to the hottest new developments. Check it out now and see why the West Loop is the place to be! 😍
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Spencer Frazier
✅ Omid Akale, a top-notch agent from eXp Realty, demonstrated remarkable resilience by weathering economic downturns and early difficulties in acquiring properties. From a humble beginning in civil engineering, he transitioned into real estate, becoming a successful player in the virtual brokerage industry. ✅ Leveraging eXp Realty's ExpressOffers program, Omid was able to tap into a niche in the real estate market, which led to his acquisition of over 501 units and nearly 145,000 square feet of commercial land within four years. His wise investment decisions and knack for identifying distressed properties contributed massively to his success. 🏢📈 ✅ Omid advocates openly for eXp Realty, describing it as "the best real estate platform that exists for leveraging and expanding my network". The global reach, resources, and opportunity for leveraged income the company provides cemented his confidence in eXp Realty, validating its model in the real estate landscape. 🌐🚀 Through resilience, strategic investment, and leveraging eXp Realty's unique offerings, Omid’s journey as a real estate whizz offers a glimpse into the lucrative potential of real estate. Contact me for more information on eXp Realty. 📧🤝
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Connie Lee
Minneapolis is making it easier for developers to convert offices to residences per the newly signed ordinance this last Tuesday. Under the new rules, commercial-to-residential conversion projects will not be subject to public hearings — instead, the plans will only require approval by city staff. The ordinance will also exempt projects from intensive traffic studies and from an inclusionary zoning ordinance that requires developers to designate a portion of apartments as “affordable housing” or pay large fees instead. Passing regulations to increase the housing supply is great. However, I am still skeptical of the office to housing conversion method rather than just building more housing. There are also some interesting tax incentives at play. Not incentives for developers, but more that the city needs more property taxes. MN office tower values have plummeted and are pushing the city’s property tax burden onto homeowners. Homeowners paid around 47% of the city’s tax levy in 2023, and this year will pay more than 51%. Minneapolis leaders hope the conversion of empty office buildings into housing will increase the number of people downtown, stabilize tax revenues, attract more businesses and increase safety. #minneapolis #realestate #multifamily #propertymanagement
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