Real Estate

A pair of local developers are moving forward with plans to develop a mixed-use apartment building on North Avenue in Milwaukee's Riverwest neighborhood.

Dallas-based Tabani Group has purchased a shopping center in Menomonee Falls that was once anchored by a Walmart Neighborhood Market store.

Nashville, Tennessee-based Montecito Medical Real Estate has acquired a soon-to-open Ascension Wisconsin outpatient medical clinic in Mequon for $16.19 million, according to state records.

Chicago-based real estate investment management firm Harrison Street Real Estate Capital LLC has purchased three suburban Milwaukee medical facilities for $92.59 million, according to state records.

Don Smiley, president and chief executive officer of Summerfest operator Milwaukee World Festival Inc., has purchased a home on Pewaukee Lake in the town of Delafield for about $1.64 million, according to state records.

Brookfield-based MLG Capital has announced plans to launch their sixth diversified real estate fund. According to a press release, this decision was made based on the rapid equity raise of their current fund, Private Fund V, and “robust quarter one 2022 acquisition pipeline.”

Waukesha-based Walbec Group Inc. has added Parisi Construction Co. Inc., of Verona, to its family of companies, the firms announced this week.

A home in Elm Grove has sold for $5.96 million, according to state records.

Chick-fil-A continues to expand its local footprint across, with resurrected plans for a Glendale restaurant, but at a different location than originally planned.

Kenosha-based Bear Development has purchased the land containing a parking structure in the Historic Third Ward as part of the firm's plans to eventually redevelop the Johnson Controls Inc. complex in downtown Milwaukee.