"Catholic Knights" Building For Sale

[warriorchick]

I'm surprised that the condition of the building is a significant consideration. I would think that the location/land would be far more important than figuring out what to do with the building itself until they decide on a more permanent use.  I would bet money that if MU doesn't buy it now, they are the next owners after whoever does buy it now.

Of course the condition of the building is a significant consideration.  If you don't want the building in its current condition, you are only willing to pay whatever the actual piece of land is worth, taking into account the cost of razing the building.

Apparently, the current owners of the building hope they can sell it to someone who thinks the actual building has value.  Marquette does not.

[MUBurrow]

Of course the condition of the building is a significant consideration.  If you don't want the building in its current condition, you are only willing to pay whatever the actual piece of land is worth, taking into account the cost of razing the building.

Apparently, the current owners of the building hope they can sell it to someone who thinks the actual building has value.  Marquette does not.

Re the bold, yes and no.  The land is going to be worth more to MU than anyone else, except maybe Aurora.  Colleges/Universities and businesses with sprawling headquarters buy properties at a premium all the time because they don't feel they can afford to pass up the opportunity to buy contiguous real estate.  They aren't going to look at the costs of razing the property like another life insurance who can just pick a different location.  There are a lot of reasons the asking price might not be something MU is willing to pay, but I don't think the functionality of the existing building is a particularly signifcant one.  The business proposition is very different for MU than a financial company, luxury apartment developer, etc.

Edit to remove some N/A comps.

[The Hippie Satan of Hyperbole]

Having been involved in a lot of these discussions with colleges and universities throughout the years, sure they pay a premium for property for the reason you are suggesting.  But there is a limit of course.  If the building is in bad shape, then you really only care about the property.  And there are likely cheaper plots of similar size adjoining campus already.  Not to mention that I believe the University hasn't done anything with the property where the Ramada used to be right?

[warriorchick]

The current owners must think the building is worth more than Marquette is currently willing to pay, or else they would not have hired an agent to market the property to the general public.

[Herman Cain]

At the game tonight, I sat next to a high-ranking person in Marquette's finance department.

They told us that Marquette isn't interested in the building because it's in pretty bad shape and it isn't expected to last too much longer.

Thanks for this due diligence report.

I would advise the school to throw in a very low offer.  Most likely  Catholic Life has no basis in the building  at this point

In situations like this, the sellers overrate the value will place on the property . MU might be able to get a good value , because they may be one of the only offers .

[warriorchick]

Thanks for this due diligence report.

I would advise the school to throw in a very low offer.  Most likely  Catholic Life has no basis in the building  at this point

In situations like this, the sellers overrate the value will place on the property . MU might be able to get a good value , because they may be one of the only offers .

I am sure they are already on it, Herman.

[pbiflyer]

Having been involved in a lot of these discussions with colleges and universities throughout the years, sure they pay a premium for property for the reason you are suggesting.  But there is a limit of course.  If the building is in bad shape, then you really only care about the property.  And there are likely cheaper plots of similar size adjoining campus already.  Not to mention that I believe the University hasn't done anything with the property where the Ramada used to be right?

wait, the Ramada isn’t there anymore? Does that mean my lifetime ban there is no longer valid? Woohoo!!
A late night of festivities with the touring cast of second city resulted in them being removed, me being banned and having to find them new accommodations at 3 am.
Who hasn’t had a late night pillow fight? Okay, it was a mattress fight in the hallway and may have involved other paying customers, but almost the same, right?

[4everwarriors]

Safety Alert: Dec. 13, 2021 | 5:15 p.m.

DECEMBER 13, 2021

The Marquette University Police Department is investigating the incident below. If you have more information, please contact MUPD immediately at (414) 288-6800.



Initial Incident Report

Incident type: Armed Robbery
Incident location: 900 block of North 19th Street
Approximate time: 5:15 p.m.
Victims: One male, Marquette student
Physical injuries: N/A

As the victim exited his parked car, a gray sedan approached. A suspect exited the vehicle, displayed a weapon and demanded the victim's car keys and backpack. The victim gave up property. The suspect then fled in the victim's car and was last seen heading north on North 20th street. No physical injuries reported.



Description of suspect(s)

Suspect 1:
Sex: Male
Age: Early 20s

Race and/or ethnicity:
 White    Black or African American    Hispanic or Latino     Asian   American Indian or Alaska Native    Native Hawaiian or Other Pacific Islander   Unknown

Hair: Short
Weight: Slim build
Height: 5'9-10"
Clothing: Possibly a gray hoodie and a black COVID facemask

Suspect 2:
Sex: Unknown
Age: Unknown

Race and/or ethnicity:
 White    Black or African American    Hispanic or Latino     Asian    American Indian or Alaska Native    Native Hawaiian or Other Pacific Islander    Unknown

Other: Driver of the suspect vehicle, no description


Vehicle Description

Gray sedan

[MU82]

You're right, Doc. A crime has been committed. Therefore zero parents will let their kids go to Marquette.

Unlike when we were there, when there were zero crimes committed and hundreds of thousands of parents every year eagerly paid to make Marquette the largest private university in the world.

[tower912]

Yup, if that is the first one this year they are far behind the mid 80's pace and even further behind the neighborhood I live in now.

[JWags85]

Update, the Catholic Knights building is now for sale for $350K due to today’s reported crime

[4everwarriors]

Far from the first one this year, Fahrenheit. I know of 2 dental students who were held up at gunpoint at 2:45 pm on 19th between Wis. Ave. and St.Paul a couple of weeks ago. The west end of campus has been hit particularly hard this semester. Its a huge problem for the University, hey?

[tower912]

Which was several blocks away.

[tower912]

Far from the first one this year, Fahrenheit. I know of 2 dental students who were held up at gunpoint at 2:45 pm on 19th between Wis. Ave. and St.Paul a couple of weeks ago. The west end of campus has been hit particularly hard this semester. Its a huge problem for theUniversity, hey?

Just like when we were there, hey?

[Uncle Rico]

Update, the Catholic Knights building is now for sale for $350K due to today’s reported crime

This wouldn’t happen if Al McGuire were alive

[MU82]

Enrollment going down to zero. I hear we'll lose all of our students to the crime-free cities that are Chicago, Boston, Washington, St. Louis and Detroit.

Oh well, it was fun while it lasted.

Ring out Oy-oy-a.

[warriorchick]

Enrollment going down to zero. I hear we'll lose all of our students to the crime-free cities that are Chicago, Boston, Washington, St. Louis and Detroit.

Oh well, it was fun while it lasted.

Ring out Oy-oy-a.

Or go to a school out in the middle of a cornfield, like Northern Illinois. They will be safe there.

Oh, wait....

https://en.wikipedia.org/wiki/Northern_Illinois_University_shooting

https://chicago.cbslocal.com/2010/10/26/police-say-missing-niu-student-slain-body-burned/

[MU Fan in Connecticut]

Just like when we were there, hey?

+ A zillion

[pbiflyer]

This wouldn’t happen if Al McGuire were alive

Never would have happened if we just kept Wojo! Crime has spiraled out of control under Shaka. Havoc indeed!

[Herman Cain]

Safety Alert: Dec. 13, 2021 | 5:15 p.m.

DECEMBER 13, 2021

The Marquette University Police Department is investigating the incident below. If you have more information, please contact MUPD immediately at (414) 288-6800.



Initial Incident Report

Incident type: Armed Robbery
Incident location: 900 block of North 19th Street
Approximate time: 5:15 p.m.
Victims: One male, Marquette student
Physical injuries: N/A

As the victim exited his parked car, a gray sedan approached. A suspect exited the vehicle, displayed a weapon and demanded the victim's car keys and backpack. The victim gave up property. The suspect then fled in the victim's car and was last seen heading north on North 20th street. No physical injuries reported.



Description of suspect(s)

Suspect 1:
Sex: Male
Age: Early 20s

Race and/or ethnicity:
 White    Black or African American    Hispanic or Latino     Asian   American Indian or Alaska Native    Native Hawaiian or Other Pacific Islander   Unknown

Hair: Short
Weight: Slim build
Height: 5'9-10"
Clothing: Possibly a gray hoodie and a black COVID facemask

Suspect 2:
Sex: Unknown
Age: Unknown

Race and/or ethnicity:
 White    Black or African American    Hispanic or Latino     Asian    American Indian or Alaska Native    Native Hawaiian or Other Pacific Islander    Unknown

Other: Driver of the suspect vehicle, no description


Vehicle Description

Gray sedan

An armed hijacking of a car is a serious level of crime . That is a sign of organized criminal activity. Very sorry to hear that .

[Goose]

Anyone that thinks crime at MU and surrounding areas is similar to their time at MU has bumped their head. The crime has become more brazen and frequent in MKE and I do worry about other people that have kids on campus. I struggle with people that do not want to admit crime is out of hand at MU and MKE general. I hate what is going on in our city and think MU does have an issue on it’s hands.

[Uncle Rico]

Maybe the crime rate around Marquette is higher because the criminals believe in states rights?

[4everwarriors]

More likely the ass holes know the victims are an easy score and the pussay judicial system won't touch them. Haveta understand how difficult life has been fore da underprivileged, aina?

[Uncle Rico]

More likely the ass holes know the victims are an easy score and the pussay judicial system won't touch them. Haveta understand how difficult life has been fore da underprivileged, aina?

Need a hug, big guy?

[The Hippie Satan of Hyperbole]

More likely the ass holes know the victims are an easy score and the pussay judicial system won't touch them. Haveta understand how difficult life has been fore da underprivileged, aina?

Yes.  We should incarcerate more people.