Real Estate
Stay informed on commercial real estate development, investment, and property news in the Milwaukee area.
HSI to build apartment building next to The Enclave
HSI Properties Inc. plans to build a 40-unit apartment building next to The Enclave, the two-building 152-unit apartment complex that it is building southeast of Martin Drive and North 62nd Street in Wauwatosa.
Mayfair Road building sold for $3.95 million
Sunset Investment Co. recently purchased the 30,639-square-foot building at 2525 N. Mayfair Road, Wauwatosa, from MLG/2525 Limited Partnership (a group of local investors) for $3.95 million, or about $129 per square foot.
South side Sheboygan Piggly Wiggly store to close
Piggly Wiggly Midwest LLC notified the state Department of Workforce Development this week that it plans to close the Piggly Wiggly store at 3124 S. Business Dr. in Sheboygan.
Area homes sales up 30 percent in May
More good news for the recovering housing market: home sales in the metro Milwaukee area increased by 30 percent, year-over-year in the month of May, according to the Greater Milwaukee Association of Realtors (GMAR).
Brookfield office parks land 2 new tenants
Connecture Inc., which recently moved its headquarters from Atlanta, Ga., to Pewaukee, has signed a 10-year lease and will move again to a larger office in the Brookfield Lakes Corporate Center in Brookfield.
NML to renovate Van Buren building
Northwestern Mutual Life Insurance Co. is working on renovation plans for the 153,720-square-foot office building at 733 N. Van Buren St. in downtown Milwaukee. Northwestern Mutual has a contract to purchase the building from Van Buren Building Company, which is owned by developer Joel Lee. The deal is expected to close later this year.
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BizTimes Cover Story: Around The Corners, will Brookfield development be a boom or bust?
The new edition of the BizTimes Milwaukee magazine takes an in-depth look at The Corners, the $150 million retail and residential development planned by the Marcus Corp. at the former West Point Cinema site and the former Menard's store site at the intersection of I-94, Barker Road and Bluemound Road in the Town of Brookfield.
Around The Corners
Ten years ago, developer Peter Bell began work on a massive mixed-use development in Waukesha County. The plans included a significant retail development intended to make the project a regional destination.
BizTimes Morning Headlines: Developers break ground on $39 million project in Madison
A team of developers and city officials on Thursday ceremonially broke ground in Madison on a $39 million redevelopment project along East Washington Avenue.
Church makes offer to purchase Greenfield Walmart site
Ridge Community Church has an accepted offer to purchase the existing WalMart property, in Greenfield at 4500 S. 108th St. and wants to convert a majority of the 110,000-square-foot building into space used for church-based functions, according to a report by GreenfieldPatch.com.
