Marquette real estate students win regional case competition
A team of Marquette University real estate students from the College of Business Administration took first-place honors the NAIOP Minnesota Case Competition for the third straight year. Marquette competed against teams from St. Cloud State University, the University of Minnesota, the University of Northern Iowa, the University of St. Thomas and the University of Wisconsin-Madison.
NAIOP, the Commercial Real Estate Development Association, is the leading organization for developers, owners and related professionals in office, industrial and mixed-use real estate. Each team had 10 minutes to present to a panel of judges who chose three finalists, who then presented to an audience of almost 200 attendees.
“The competitions are the culmination of more than two months of intensive classroom work under the direction of adjunct instructor Dan Cowell, as well as numerous real estate professionals,” said Chris Korjenek, associate director of Marquette’s Center for Real Estate. “I’m proud of our team for all of their hard work and dedication—it feels great to bring the trophy back home again.”
Zilber Property Group buys industrial building in Oak Creek
Zilber Property Group has purchased a 68,700- square-foot industrial building on 8.5 acres at 2440 W. Corporate Preserve Drive in Oak Creek.
“We are pleased to add this high-quality, well-positioned asset to our company’s portfolio,” John Kersey, Zilber’s executive vice president said in a statement. “We were drawn to the property’s location as well as its suitability for tenants in the area.”
Stephen Provancher of NAI MLG Commercial and Trent Poole of CBRE were involved in the transaction.
Milwaukee developer purchases Milwaukee Street lot
An investment group led by Milwaukee Developer David Winograd purchased a 1 acre vacant lot at 1333-1339 N. Milwaukee St. for $820,000, according to state real estate records.
The group, LMC Funds 41 MKE-Broadway LLC, purchased the property from Madison-based AnchorBank.
