Real Estate

John Shannon, who developed Quick Cable Corp. in Franksville, plans to purchase a 122-year-old, 10,900-square-foot building at 2045 W. St. Paul Ave., in Milwaukee's Menomonee Valley. He plans to spend $300,000 to restore the building, which has been vacant for more than two years, and most recently was occupied by an antique store.

On the same day the Village of Menomonee Falls filed a foreclosure suit against the Radisson Hotel, principal owner James Heyden fired back with allegations of his own against the village.

Mequon logistics company Bridge Holdings LLC has purchased a 152,800-square-foot industrial building at 5700 W. Bender Court in Milwaukee for $3.4 million.

Schlitz Park will add a one-mile outdoor vita course for tenants and the public. The course is scheduled for construction in 2013.

The share of homes sold for under $100,000 in the four-county metro Milwaukee area dropped 19 percent in May, according to the Greater Milwaukee Association of Realtors (GMAR).

Home sales in Wisconsin increased 18.9 percent in May, compared to May of 2011, according to the Wisconsin Realtors Association. In southeastern Wisconsin, home sales were up 21 percent.

A new 38,000-square-foot Walmart Neighborhood Market store opens today at 3850 N. 124th St., Wauwatosa. A grand opening celebration was held this morning.

The Milwaukee County Board's Committee on Economic and Community Development this week voted to delay a vote on a 181-unit apartment development proposed for the Park East corridor because of a labor dispute with a new partner for the project.

After hearing a closed session report about the responses to a developer request for information (RFI) for the Downtown Transit Center site, Monday the Milwaukee County Board’s Economic and Community Development Committee voted to have all of the four developers that responded to the RFI make presentations on their proposals. The presentations will occur in closed session at the committee’s next meeting on July 16.

Bartolotta Restaurant Group plans to move its corporate headquarters from Wauwatosa to the former Palomar sales center building in the Park East corridor in downtown Milwaukee, according to sources.