Real Estate
In addition to these stories, check out our real estate data tool for agricultural, commercial, manufacturing, and multi-family real estate transactions over the past 30 days.
First Industrial Realty Trust to develop business park in Kenosha County
Chicago-based First Industrial Realty Trust Inc. announced that it will develop a business park called First Park 94 on a 309-acre site in the Town of Somers in Kenosha County. First Industrial recently acquired the site for $13.4 million.
ASHWAUBENON – Packers raze Ridge Road strip mall
The last unoccupied structure in the Green Bay Packers’ proposed commercial development area west of Lambeau Field is coming down.
MADISON – Filament Games moves ‘cool workspace’ into old AT&T Building downtown
The AT&T Building in downtown Madison is still undergoing its $30 million renovations. Upon entering the dusty main floor, Brandon Pittser, marketing director for Filament Games, a 10-year-old educational video game company that relocated from Madison’s Atwood neighborhood to the building last month, makes a joke about the space resembling a post-apocalyptic wasteland.
Metro Milwaukee home sales up 12 percent in July
Home sales in the four county metro Milwaukee area were up 12.1 percent in July, according to the latest report from the Greater Milwaukee Association of Realtors.
The two Milwaukees
“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to Heaven, we were all going direct the other way…”
– Charles Dickens, A Tale of Two Cities
– Charles Dickens, A Tale of Two Cities
Pieces falling into place for Drexel Town Square
Seven years after the Delphi plant in Oak Creek closed and five years after that plant was demolished, the puzzle pieces are coming together for the mixed-use Drexel Town Square development project on the 85-acre site the plant once occupied southwest of Drexel and Howell avenues.
City officials have worked for years with a development team led by Wispark LLC to create a mixed-use development at the site that would form a downtown for a community that has never had one.
Now, some parts of the project are opening, others have made significant progress and still others have started construction recently.
“We're very happy with the way it's coming together,” said Doug Seymour, director of community development for Oak Creek. “There was a lot of upfront planning. It is a very complicated project. Complicated projects take time.”
The eastern half of the project is more of a typical suburban style development and will be anchored by a big box store and surrounded by smaller retail and restaurant buildings.
City officials have worked for years with a development team led by Wispark LLC to create a mixed-use development at the site that would form a downtown for a community that has never had one.
Now, some parts of the project are opening, others have made significant progress and still others have started construction recently.
“We're very happy with the way it's coming together,” said Doug Seymour, director of community development for Oak Creek. “There was a lot of upfront planning. It is a very complicated project. Complicated projects take time.”
The eastern half of the project is more of a typical suburban style development and will be anchored by a big box store and surrounded by smaller retail and restaurant buildings.
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The return of Pabst
Pabst Brewing Co. will return to where it began, with plans to open a small brewery, tasting room, restaurant and bar at the former Pabst Brewery complex in downtown Milwaukee. Blue Ribbon Management LLC will redevelop the former First German Methodist Church building, located at the southeast corner of West Juneau Avenue and North 11th Street, for Pabst Brewing Co. After Pabst closed its Milwaukee operation in 1996, the brewery remained vacant until Zilber Ltd. founder Joseph Zilber acquired it in 2006 and began a redevelopment project to transform the former brewery into a mixed-use neighborhood. Several of the buildings in the complex have been sold to other developers.
32
Milwaukee-based ER Wagner Manufacturing Co. Inc. is in the process of acquiring 32 acres of land in Menomonee Falls, according to president and chief executive officer Lew Schildkraut. The property is located east of Highway 41/45 on Old Orchard Road. The scheduled closing date is Aug. 20. The company is considering plans to relocate its operations to the site.
Physicians Realty Trust recovers from loss
Milwaukee-based Physicians Realty Trust today reported second quarter net income of $3.3 million, or 4 cents per share, compared with a net loss of $600,000, or 2 cents lost per share, in the second quarter of 2014.
Brown Deer Road office building sold for $7 million
An affiliate of New York-based Lone Star Funds purchased a 184,712-square-foot office building on Brown Deer Road, near the former Northridge Mall, for $7 million, according to state records.
