Real Estate

Development in the Park East corridor in downtown Milwaukee has been slow, but a ribbon cutting ceremony will be held Thursday for the first building to be built in the corridor on a property sold by local government. The ceremony will mark the completion of construction for The Flatiron, a six-story building with 38 condominiums and 2,860-square feet of retail space.

Downtown Milwaukee buildings that are on the market include: the Milwaukee Center at 111 E. Kilbourn Ave., the 789 N. Water St. building, the Associated Bank building at 401 E. Kilbourn Ave., the Wells Building at 324 E. Wisconsin Ave. and the Clark Building at 633 W. Wisconsin Ave.

Professional Placement Services LLC recently purchased the 16,016-square-foot building at 272 N. 12th St. in Milwaukee's Menomonee River Valley, where it plans to move from its current location in the Historic Third Ward at 316 N. Milwaukee St.

vice president, Grubb & Ellis|Apex Commercial

Travel Green Wisconsin recently certified Hotel Metro as a "green" hotel.

lwaukee Mayor Tom Barrett recently invited the public to submit nominations for the 11th annual Mayor's Urban Design Awards.

The City of Milwaukee's Redevelopment Authority recently issued a request for proposals (RFP) seeking development ideas for a vacant site at 2231 N. Dr. Martin Luther King Jr. Dr.

An open house on the downtown plan update process will be held on Thursday, Jan. 17, from 11:30 a.m. to 2 p.m. and from 5 to 7:30 p.m.

Potawatomi Bingo Casino will host a topping off ceremony Thursday for its $240 million expansion project at 1721 W. Canal St., Milwaukee.

According to the latest Bankers Economic Index, sponsored by the Wisconsin Bankers Association (WBA), demand for residential mortgages is low in most parts of the state and will likely stay that way until the housing market recovers in 12 to 18 months.