Real Estate

Milwaukee-based Metropolitan Associates has purchased the sprawling Westchester Apartments complex in Kenosha for $20.4 million, according to a real estate transfer record posted by the state this week.

Sales JLL: JLL Capital Markets announced that it has closed the sale of Bevy Apartments, a brand-new, 175-home apartment and townhome community...

The developer still pursuing plans to transform a former Sears building on Milwaukee’s near northwest side into a boutique hotel could get another year to begin paying back a $4 million loan city loan for the project as part of a tax incremental financing district for the site.

The Sleep Inn & Suites Sheboygan I-43 hotel located southeast of I-43 and County Highway V/Ok in the Sheboygan County Town of Wilson was sold recently for $2.15 million.

Greenwich, Connecticut-based investment firm StratCap, through its real estate division StratCap Data Centers, has purchased a 28,500-square-foot data center in Franklin for $9.5 million.

Gov. Tony Evers on Tuesday announced a portion of the State Building Commission’s approval of $306 million in funds for projects will go toward creating a new state crime lab in Wauwatosa, replacing the current facility in Milwaukee.

Home sales in the four-county metro Milwaukee area were down 17.2% in July, year-over-year, and home sales in the greater southeastern Wisconsin region were down 18.2% for the month.

The Bevy Apartments, a 175-unit luxury apartment complex in Brown Deer that opened in 2021, has been sold for $39.1 million, according to state records.

The Milwaukee chapter of the National Association of the Remodeling Industry (NARI Milwaukee) has named Michelle Brown as its new executive director.

The Sheboygan County Economic Development Corp. has purchased an 11.72-acre parcel along Fairway Court in Sheboygan Falls as part of its plans to development about 25 acres of vacant land southwest of Highways 23 and 32 into housing that could include up to 110 single-family homes and townhouses.