Real Estate

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.

Plans are moving forward to close two youth correctional facilities in Wisconsin and replace them with a new facility that will be built in Milwaukee. On Tuesday, Gov. Tony Evers announced a new juvenile prison is pegged to be built on Milwaukee’s northwest side at 7930 W. Clinton Ave.

Sales PARADIGM Real Estate: PARADIGM Real Estate represented RTM Management Corp. in the sale of a 17,000 SF industrial building at 8888 W Tower Ave. to 8888 Tower LLC. The buyer...

Revitalize Milwaukee and Walnut Way Conservation Corp. will rehabilitate 30 homes in the Lindsay Heights neighborhood on Milwaukee’s near northwest side as part of its Block Build MKE 2022.

A Spanish billionaire has paid $35 million for a 30.5-acre property in Menomonie Falls that is home to a sprawling FedEx Ground operation, according to real estate transfer records posted by the state this week.

Milwaukee-based nonprofit Acts Housing is setting up a fund to help low-to-moderate income families buy lower priced homes that otherwise are often snapped up by out-of-state investors.