December 19, 2003
Pountain in Top 10 IREM Ethics Facilitators
The Institute of Real Estate Management (IREM)'s national Ethics and Disciline Committee have commended Marjean Pountain, CPM with Ogden & Company, Inc. and Past President of Milwaukee IREM Chapter 13 for the exemplary work she is doing in educating the Institutes Candidates and members in the field of real estate ethics. Based on student evaluations in 2003 Marjean Pountain rated in the top 10 nationally highest rated facilitators for IREM's Course 800 "Ethics in Real Estate Management".
December 11, 2003
Outstanding Service Recognized
The Milwaukee Chapter of the Institute of Real Estate Management (IREM) annually recognizes members who have been selected by their peers for outstanding service to the profession and the community. Marjean Pountain was awarded the Certified Property Manager (CPM) and Wayne Grabowska the Accredited Residential Manager (ARM) of the Year for 2003. Congratulations to Marjean and to Wayne.
December 1, 2003
Ogden now in Appleton!
Ogden & Company, Inc., AMO is pleased to announce the opening of a branch office in Appleton, Wisconsin. Professional real estate management services will be provided from an office suite located within Randall Court Apartment complex, just off Wisconsin Avenue in the heart of Appleton. Randall Court is the largest senior housing community owned and managed by the Outagamie County Housing Authority. "We determined the need for professional real estate management services in the Fox Valley," says Marjean Pountain, CPM, Vice President and Director of Real Estate Management at Ogden. Owners of real estate often attempt to staff, maintain and upgrade their systems but, Marjean points out, Ogden & Company's professional real estate management services can fill the niche more cost effectively."Just as banks outsource their back office operations, housing providers can outsource all or a portion of their management and accounting functions to Ogden," says Marjean."Ogden has the best technology and, combined with the talent of our staff and sophisticated data systems in the Milwaukee office, we can be linked to various locations throughout the state. This allows us to provide the same high level of professional service statewide." Ogden's client, Jim Lincoln, Executive Director of Outagamie County Housing Authority, is happy with the benefits his organization is receiving."By contracting with Ogden to provide the Housing Authority's leasing services, more time is available now to pursue other housing ventures and to improve our capital stock," he says. "We're also saving employee benefit dollars. "Ogden has proven to be a knowledgeable, service- and customer-oriented agent for both our residents and the Housing Authority."From the Appleton office space, Ogden's professional management will be able to provide services to the Outagamie County Housing Authority along with other clients in the Fox Valley area. Ogden is also researching office space in the Green Bay area, where Green Bay and Door County can also be serviced, says Paul Lee, Ogden's regional property manager. Paul, whose family is from the Fox Valley, is focusing on Ogden's growing business opportunity in Northeast Wisconsin.
November 22, 2003
Craftmaster Contractors Serving Builders
A groundbreaking ceremony was held November 21 at a new modular home being built by New Urban Builders for the City of Milwaukee's Neighborhood Independence Development Council (NIDC) and the Milwaukee Alliance. CraftMaster Contractors will be doing 70 to 80 percent of the work on the house - the first home to be built at a multi-parcel lot at 22nd & Greenfield on Milwaukee's near south side. It is being constructed by Terrace Homes.Additional construction work is set to begin on as many as 16 new modular homes located in a Midtown Association development at 27th & Garfield in Milwaukee's central city.Construction Management Services, LLC will use CraftMaster Contractors to do much of the finish work for the first of these modular homes manufactured by Terrace Homes. CraftMaster Contractors is now doing the entire "punch list" and warranty work for a series of new construction homes built in Waukesha for Cedar Mills Homes. Contact Mark Wagner, Director of New Construction for CraftMaster Contractors at (414) 931-8990, for more information on the many ways in which CraftMaster Contractors can be of service in your next project.
September 1, 2003
Ogden Opens Office in Arizona
Ogden & Company, Inc. is pleased to announce the expansion of its Real Estate Management services to Arizona. The Arizona office is dedicated to "community management," meaning the management of homeowner and condominium associations. "This office is the culmination of years of research, exploration and commitment to expanding the Ogden family of companies," says Ken Higgs, Executive Vice President of Ogden & Company, Inc., and the driving force behind the expansion."The goal was to find and acquire a company that had the same type of qualities that Ogden and Company, Inc. has worked so diligently over the past 75 years to preserve. We were very fortunate to create that relationship with Bernard/Allison, an Accredited Management Organization that is well respected in the Phoenix community."The majority of Bernard /Allison's business is residential, multi-family management, consisting of more than 20,000 apartments. Selling its Home Owners Association(HOA)/Condominium Division to Ogden & Company, Inc. has allowed Bernard/Allison to focus on its multi-family business. "We were thrilled to take on the existing staff to provide the same consistent level of service the HOA and condominium associations were accustomed to. Their local knowledge and Ogden's professional management experience allows us to deliver a quality product and personal service to the Arizona communities."Opening the doors on North Scottsdale Road on November 1, the newly formed Ogden Community Management team consists of Ken Higgs, Executive Vice President; Lori Percival, Vice President of Community Management; Kevin Hearty, Senior Property Manager; Justin Gavette, Community Manager; Anthony Tuomi, Accountant; and Amanda Gillespie, Administrative; and Carol Hearty, Administrative Assistant.
June 23, 2003
The Townhomes at Mill Reserve
The Business Journal of Milwaukee - June 23, 2003
Waukesha's new downtown frontier
City officials hope Ogden condos start trend
A proposed 125-unit condominium project along downtown Waukesha's riverfront would add a missing home ownership element to the city's downtown and encourage additional commercial development, say city officials and developers.
Ogden Development Group of Milwaukee plans The Townhomes at Mill Reserve on about 4 acres along the Fox River and bounded by Wisconsin Avenue, Madison Street and West St. Paul Avenue. Most of the land is vacant and owned by Waukesha State Bank.
The plan has received conceptual approval from the city's Redevelopment Authority, and the next step will be to reach a developer's agreement. After that, the Redevelopment Authority would acquire another 0.75-acre site occupied by a retail and apartment building and relocate the business and residents.
Ogden Development would build the $15 million to $19 million development in three phases with the first beginning this fall. Ogden executives hope to complete the first units by June 2004.
The first phase would consist of 30 townhouse-style units with enclosed parking on the ground level and two floors of living space above. The two-bedroom units would be 1,250 square feet. Ogden Development is targeting a price range of $125,000 to $150,000.
"They will be of a contemporary design but in keeping with a nice urban tradition," said Tom Neubauer, an associate with Ogden Development.
Ogden officials believe the targeted price range would appeal to young people and those working in the downtown area.
"There's a lot of employment in downtown Waukesha," Neubauer said.
The second phase would probably consist of 19 units and likely will be a townhouse design, although that will be determined by the real estate market, Neubauer said.
The third phase would the largest and targeted for a 2005 completion. It would include 40-unit apartment-style condominium building and possibly loft-style condominiums.
"We believe that downtown Waukesha offers an alternative to the more suburban developments that ring the city," Neubauer said. "We think that the downtown area has defined itself well enough, is attractive enough at this point that it becomes an attractive alternative to that suburban living style."
Downtown has links to the river, Waukesha parks, a revitalized commercial district, schools and transportation, he said.
The project also should be attractive to empty-nesters who want to stay in Waukesha near their families, Neubauer said.
Continuum Architects & Planners of Milwaukee is the project architect and Math Starck & Sons Inc. of Hales Corners will be the general contractor. Ogden Development does not yet have financing for the project.
Waukesha State Bank had assembled a 5.5-acre parcel along the Fox River over the past 30 years with a goal to encourage redevelopment downtown, said Ty Taylor, the bank's executive vice president.
The bank uses about 2 acres for employee parking and eventually wants to redevelop that site with a commercial project once the city builds a parking ramp to accommodate employees, he said.
Waukesha has a lot of great condominium projects but they're in more remote areas, Taylor said. With its historic buildings, interesting architecture and bars and restaurants, downtown "is a cool place," he said.
"How much cooler would it be to be in downtown Waukesha, if you're going to be somewhere in Waukesha County?" he said.
Downtown Waukesha is more appealing to people who live in Waukesha County because it's closer than Milwaukee's downtown or east side, Taylor said.
Downtown is undergoing a renaissance and developing a new identity and the condominium project would have a major impact, said Mayor Carol Lombardi.
The downtown also is developing an artists community on West Main Street where artists are opening studios and galleries in first-floor spaces and living in apartments above.
Another developer, Jeff Seymour, plans to build an eight-unit artists' condo called the Brook Street Artisan Village about a block north and a block west of the Ogden Development project.
City officials have been trying to attract a grocery store to replace the Kohl's Food Store that left downtown about three years ago. Companies have said they need a larger neighborhood residential population to justify a store, Lombardi said.
Ogden Development's plans fit into the city's goal of creating a live-work-and-play environment in downtown, said Jennifer Wallner, a planner with the city. Wallner also owns a Main Street bar called House of Guinness and said the project could help her business by creating more night-time traffic.
"We're excited about it and we're anxious to get it started," she said.
There is a strong market for condominiums in Waukesha County, and Bielinski Homes has found that a ranch-style duplex unit with two-car garage has big appeal, said Angela Cooper, marketing manager for the Waukesha-based builder and developer.
The company sold out its 40-unit River's Crossing project on the southeast side and is now marketing the 38-unit Sunset Ponds on the city's south side. Prices start at $223,900 for Sunset Ponds.
May 15, 2003
Ogden Opens Office in Elm Grove
Ogden, the real estate company, is pleased to announce the opening of a new residential sales office in Elm Grove. On April 25th the Hartland office moved to 13500 Watertown Plank Road in Elm Grove. “With a move to Elm Grove, we can still service the Lake Country, as well as the Western and Southwestern suburbs”, states Peter Ogden, President of the company. “We are now well situated to serve the entire Metro Milwaukee area, with offices in the North Shore, Downtown, and now Elm Grove”.
There are twenty sales associates working in the new location. The office is situated on the corner of Watertown Plank and Elm Grove roads and is a source of pride and excitement throughout the Ogden family of companies.
October 28, 2002
Ogden in the Top 20 Best Places to Work!
Milwaukee Magazine announced in their November, 2002 issue that Ogden & Company, Inc., AMO® was named one of the top 20 small companies as far as all around great places to be employed. A survey was completed, employees were interviewed and a study was made by the magazine with assistance from MRA: The Management Association of a large number of companies and Ogden made the cut to be acknowledged. Employee John Mazza was quoted in the article (see Press Release below dated October 18, 2002). Click here for an exerpt of the article, or go to www.milwaukeemagazine.com to obtain a copy of the magazine.
October 18, 2002
BEST PLACES TO WORK
20 SMALL COMPANIES
INVESTING IN THE FUTURE
Written by Eric Gunn, Milwaukee Magazine
Like a typical high school student, John Mazza once thought the formula for career success was simple: Find a big company and work your way up.
College opened him up to the subtleties of the working world. A few internships “widened my vision of everything,” says the 22-year-old. Then, after his sophomore year at Marquette University, he took an internship at Milwaukee real estate firm Ogden & Co.
Mazza graduated last spring and has stayed at Ogden, working as an assistant property manager. Forget those big-company dreams, he says now; the small employer for which he works is his ideal. “I like being one on one with the decision makers.”
Ogden & Co. is one of the few employers on our list that isn’t owned and run by its founder. The family-owned business, now in its third generation, is very different from what it was when Elliott Ogden and Guido Schaeffer first hung out a real estate shingle in October 1929. In fact, it’s very different from the company it was a decade ago.
As Ogden passed into the hands of succeeding generations and ownership spread, “each family member had a different perspective,” observes Peter Ogden, the firm’s president and Elliott Ogden’s grandson. The result: In the ‘80’s and early ‘90’s Ogden and Co. hired a management consultant for an unbiased assessment. “We had a lot of constructive criticism we took to heart,” says Ogden. Much of the advice revolved around improving management, which the company did by creating a formal executive committee, drawing members from throughout the company.
Remaining a family-owned firm and competing with giants present challenges. “We feel we pay competitive salaries, but we have to do other things,” says Ogden. One example: Employees get an opportunity to take part in potentially lucrative real estate investments. Although they use their own money to buy into such projects (usually borrowing under favorable terms and repaying through a payroll deduction), employees are able to take part in investment opportunities they normally would not come across. The company also treats referral bonuses differently from many: Commissions get paid not only to the individuals who bring in business, but a portion goes to the support staff – “the people in the trenches who are typing the contracts,” says Ogden.
September 2, 2002
Facade Law Gets A Rise From Property Owners
From the September 2, 2002 edition of Milwaukee Business Journal
By Kathy Bergstrom of the Milwaukee Business Journal Staff
A Milwaukee ordinance designed to prevent deterioration of high-rise buildings could be costly to owners and eventually tenants, building owners and managers say.
The facade inspection ordinance will require exterior inspections of roughly 300 commercial and multifamily residential buildings in Milwaukee over the next three years.
Any new ordinance "can be intimidating," said Marjean Pountain, Vice President and Executive Director of Ogden & Company, Inc.'s Real Estate Management Division. The ordinance will probably affect about two dozen Ogden clients.
"It puts another burden on property owners, of course. On the other hand, if you want property, you have a responsibility to maintain it," Pountain said.
Many owners do preventative maintenance of their buildings and complete informal visual inspections, she said. Those who have window-washing programs often have problems revealed by the window washers who get a bird's-eye view of the building's exterior.
Some owners, however, might let a facade go unless a problem such as a leak or energy inefficiency occurs, she said.
Ogden is preparing for the ordinance by consulting with exterior building specialists to gather cost estimates and to see if the company can get a bulk rate for multiple inspections.
The cost will vary greatly, based on the size of the building and how detailed or ornamental the facade is, she said.
The bigger issue, however, will be the costs to do the required repairs that an inspection might discover, Pountain said.
For full article, click here
August 28, 2002
On August 14, 2002, Craftmaster Contractors, a division of Ogden & Company, Inc. began work on their Terrace Homes modular home at 803 S. 38th Street in the city of Milwaukee. To view pictures of the setting of the modular home and the continued progress of the home click here.
August 28, 2002
Great Lakes Training & Development Corp.
Manitowoc non-profit hires firm in effort to keep apartments affordable
By TOM DAYKIN
of the Journal Sentinel staff
Last Updated: Aug. 27, 2002
Ogden & Co., a Milwaukee real estate firm, has been hired to help a non-profit group buy and renovate low-income apartment properties throughout Wisconsin.
Manitowoc-based Great Lakes Training & Development Corp. plans to buy properties with proceeds from the sale of $145.4 million in bonds, Ogden consultants Darrell Paulsen and John Avery said.
The proceeds will finance the purchase and renovation of apartment buildings that were developed in the 1970s and '80s under a federal program known as Section 8, and under other federally subsidized programs, Paulsen and Avery said. Under Section 8, apartment owners received federal subsidies in return for providing apartments at below-market rents.
Many of the properties built under Section 8 are now seeing their commitments expire, and some landlords are choosing to leave the program and offer apartments at market rents, Paulsen said.
As a result, some of the tenants are forced to look elsewhere because they cannot afford to pay market rents.
"Unless somebody steps in and maintains and hold these things, there are going to be a lot of people in the street," Paulsen said.
That's where Great Lakes enters the picture.
The non-profit group is in the process of buying several apartment properties in Green Bay, Madison and other Wisconsin cities that are leaving the Section 8 program, Avery said. He declined to identify the properties until the purchases are final.
The project budgets, including renovation costs, will range from $1 million to $40 million for each individual deal, Paulsen said.
Along with Section 8 properties, apartment buildings in other federally subsidized programs are nearing the expiration of their commitments to offer below-market rents, Paulsen said. He said all of the Wisconsin properties that could drop out of the federal programs over the next two years total 53,250 apartment units.
Most of the Section 8 properties in Wisconsin will be able to drop out of the program by 2004, he said.
The bonds being sold to finance the projects will be sold jointly by the City of Manitowoc and the community in which the project is located. The bonds will be exempt from federal and state taxes. That allows Great Lakes to pay a lower interest rate to the investors purchasing the bonds, Avery said.
Bergen Capital Inc. of New York City is acting as the underwriter on the bond issue.
Ogden expects to use the $145.4 million fund over seven years. Along with advising Great Lakes on buying and renovating the properties, Ogden also will serve as the property manager.
Appeared in the Milwaukee Journal Sentinel on Aug. 28, 2002.
August 10, 2002
Developer Buys Vacant East Side Tavern
By Tom Daykin, Milwaukee Journal Sentinel
A vacant tavern and restaurant building in a reviving east side neighborhood has been sold to a local developer.
The 3,200-square-foot Five and Ten Tavern building, 1850 N. Water St., has been sold for $320,000 to Wave Development. Wave owner Lance Lichter saide he plans to renovate the building and then lease it to a tavern and restaurant operator.
Lichter said he is looking for an operator for the building, which was built in 1880, according to city assessment records. He said the building's history and its location on Water St. were both factors in his decision to purchase the property.
The building was sold by James Douglas, who operated the Five and Ten until October 2001, when it closed. The sale was brokered by Jim Benz of Ogden & Co.
The property is in the middle of an area that has been re-developing in recent years.
Just north of the Five and Ten is the new 53-unit Highbridge condominiums complex, at N. Water St. and E. Kane Place.
Highbridge developer New Land Enterprises recently began development of Riverbridge, which plans to have 117 condos overlooking the Milwaukee River just across from Highbridge.
Also, the former A.F. Gallun & Sons Co. tannery office, at 1818-1830 N. Water St., was converted into the 26-unit Gallun Tannery Row apartments in 1996.
The main tannery buildings on the other side of Water St., are considered good candidates for redevelopment, Lichter said.
However, a California developer's plans to buy and convert the buildings into condominiums, offices and shops fell apart over a year ago when he couldn't raise financing for the project.
July 21, 2002
Beg and Breakfast
By Michele Derus, Milwaukee Journal Sentinel
“Summer special!” apartments are sweeping the metro Milwaukee scene these days like bright orange daylilies, and for the same reason. They’re abundant, and competing for prominence.
Vacancy rates have risen to 10% or more, ushering in a tenant heyday. Landlords are courting prospective renters with ads for “free month’s rent,” “reduced rates” and even “$99 move-in!”
Rental occupancy is down, in large measure because increased homeownership has been a national priority since the 1990s, landlords said. The nation’s homeownership rate hit 66% last year.
Meanwhile, property managers are trying to keep tenant affection by offering such new amenities as swimming pools and exercise rooms and such treats as gift certificates to video stores and coffeehouses.
Vacancy rates vary widely within the region, however—from a tight market on Milwaukee’s east side and near North Shore suburbs to “pocket areas where apartments are in excess, in areas where new homes are in excess,” said Marjean Pountain, vice president of Ogden & Co. Inc., 1665 N. Water St. Her property management company is the area’s largest, with about half its 4,000 units in rentals, she said.
Particularly in older buildings, a landlord can't always provide currently coveted amenities. “You have to be creative,” Pountain said. “If there’s not an exercise facility on site, you can provide health club membership discounts. If the closets aren't spacious, you can provide coupons for a storage facility.”
Ogden clients have received coupons for DSL hookups, decorating allowances, ceiling fans, even car washes. “You listen to your residents, hear what makes them happy, and do it,” Pountain said.
For full article, click here.
July 1, 2002
Ogden & Company, Inc., AMO® is pleased to announce the completion of the sales transaction for the following property:
ADDRESS: N54 W6315 Mill Street, Cedarburg, Wisconsin
SALE: 26,163 Sq. Ft.
SALE PRICE: Approximately $1,613,000
SELLER: Creekside Center, LLC
BUYER: Creekside Building, LLC
LISTING/SELLING BROKER: Marvin A. Hansen – Ogden & Company, Inc., AMO®
For more information please contact Marvin A. Hansen at Ogden & Company, Inc., AMO® (414) 270-4154.
June 13, 2002
1033 North Mayfair Road
Ogden & Company, Inc., AMO® is pleased to announce the lease of 2,958 square feet at 1033 North Mayfair Road to Farrell Prosthetics, LLC. The listing broker was Jeff Kruesel of Towne Realty and the leasing broker was Michael Seramur of Ogden & Company, Inc., AMO®.
May 24, 2002
1306 East Bolivar Avenue
Ogden & Company, Inc., AMO® Commercial Department, is pleased to announce that Mark Sloan, Owner of the King Kase Company, has purchased 1306 E. Bolivar Avenue in St. Francis for the manufacturing of completely custom Airport Transportation Approved (ATA) hard shell reusable transit cases.
The facility, formerly known as Easterday Paint will be King Kase headquarters. Jessie Hogen, Business Development officer of U.S. Bank, SBA Division and Dave Nance of Ogden & Company, Inc., AMO® teamed up to complete the transaction.
July 31, 2000
Sale of Waukesha Plaza
Ogden & Company, Inc., AMO® is pleased to announce the sale of Waukesha Plaza, a mixed-use retail/office building of 21,290 square feet. Located at 1560 East Moreland Boulevard the building was sold by J.B. Moreland Corp. to David J. and Kristin G. Church. Purchase price was $1,395,000.00. The Listing and Selling Broker for the property was John T. Avery of Ogden & Company, Inc., AMO®.
For more information please contact John Avery at Ogden & Company,
Inc., (414) 270-4152.
May 31, 2000
Hales Corners Shopping Center Completed
Ogden & Company, Inc. is pleased to announce the completion of the leasing transaction for the following property:
PREMISES: 7800 Sq. Ft, Hales Corners Shopping Center, 5700 South 108th Street
LANDLORD: Hales Corners Shopping Center, Inc.
TENANT: A+ Plus, Inc.
LEASING & LISTING BROKER: John Avery, Ogden & Company, Inc., AMO®
For more information please contact John Avery at Ogden & Company, Inc., AMO® (414) 270-4152.
March 2, 2000
Ogden to Property Manage Clayton Park Townhouses and Ravine Estates Condominium Homes
Ogden and Company, Inc., AMO® is pleased to announce that it has recently been contracted to provide property management services for two high-end residential properties, Clayton Park Townhouses in Glendale and Ravine Estates Condominium Homes in Shorewood.
For more information, contact Marjean Pountain at Ogden & Company, Inc., AMO® (414) 276-5285.
January 4, 2000
Ogden & Company, Inc., AMO® is pleased to announce a Leasing at the Ridgeview Building located at 5678 W. Brown Deer Road. 2,280 square feet of office space was leased to Jantina Adriano this past December.
For more information contact John Avery, listing and leasing broker, at Ogden & Company, Inc., AMO® 276-5285 Ext. 152.
February 5, 1998
Wauwatosa – The Professional Management Real Estate Partnership of Wauwatosa has sold their 18,000 square foot office building at 3636 North 124th Street to Dr. Pratap N. Singh and Kamala Singh. The three existing tenants in the building; Professional Management Consulting, Datamedic Corp. and Destineer Corp. shall continue to occupy the property.
Mr. Dave Nance of Ogden & Company, Inc., AMO® represented the Buyer and Mr. Bill Reed of Birdsall Horning was the Listing Agent representing the Sellers. The sale price was $1,170,000.
June 17, 1996
3,000 Flags to Line Lake Drive on the 4th
Milwaukee – On July 4, Ogden, The Real Estate Company, will be lining Lake Drive with 3,000 American Flags. This makes the third year for Ogden and their display which covers the 11 miles of Lake Drive from Downtown to Bayside. “Public response has been very gratifying” says Thom Schemberger, Ogden Vice President. “Following last years display, calls and notes of appreciation flooded our office. It’s a wonderful way for Ogden to demonstrate the spirit of Independence Day.” The flags are put up at sunrise and removed by sunset. Neighbors along Lake Drive are encouraged to keep their flags for use in their homes or gardens.
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