Real Estate

Home sales in metro Milwaukee for the first quarter of the year were down 10.2 percent compared to the first quarter of 2013, according to the latest report from the Greater Milwaukee Association of Realtors.
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Six projects were selected as winners of Local Initiatives Support Corp.’s Milwaukee Awards for Neighborhood Development Innovation Wednesday.
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Boca Raton, Fla.-based Waramaug LS Hotels LLC, a private investment group, announced today that it has acquired the 120-room Comfort Suites Park Place hotel located at 10831 W. Park Place on the far northwest side of Milwaukee.
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Shoppes at Nagawaukee Equity LLC, an investors group led by Wauwatosa-based Wangard Partners Inc. chairman and chief executive officer Stewart Wangard, recently purchased two buildings in the Nagawaukee Center retail development in Delafield for $13.75 million.
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After years of stagnation the Milwaukee area office real estate market is finally showing signs of improvement. The metro area’s office market had 132,223 square feet of positive absorption in the first quarter as the region’s vacancy rate fell from 20.4 percent in the fourth quarter of 2013 to 19.6 percent, according to the latest market report from Xceligent and the Commercial Association of Realtors Wisconsin.
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The southeastern Wisconsin industrial real estate market continues to post impressive results and absorbed 712,400 square feet of space in the first quarter, the 16th consecutive quarter of positive absorption for the market, according to the latest report from Xceligent and the Commercial Association of Realtors Wisconsin.
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The region’s retail real estate market had a rough start to the year with negative absorption of 272,363 square feet of space in the first quarter as the vacancy rate rose from 7.7 percent in the fourth quarter of 2013 to 8.32 percent, according to the latest report from Xceligent and the Commercial Association of Realtors Wisconsin.
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The 3,000-square-foot branch that Green Bay-based Associated Bank plans to build at 1301 N. Dr. Martin Luther King Jr. Dr. in downtown Milwaukee will include a public park at the northwest corner of King Drive and McKinley Avenue, south of the bank.
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An affiliate of Tarrytown, N.Y.-based DLC Management Corp. purchased the Midtown Center shopping center in Milwaukee for $47.15 million, according to state records.
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Ontario, Calif.-based Niagara Bottling LLC plans to build a $56 million, 377,000-square-foot facility in Pleasant Prairie, Kenosha area economic development officials announced.
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