Real Estate

Region’s office market shows improvement

The southeastern Wisconsin office real estate market absorbed 510,657 square feet of space in 2014, including 85,898 square feet in the fourth quarter, according to the latest quarterly report from Xceligent and the Commercial Association of Realtors Wisconsin.

Metro Milwaukee home sales up 6.6% in December

Home sales in the four county metro Milwaukee area were up 6.6 percent, compared to December of 2013, to 1,252 homes sold, according to the latest report from the Greater Milwaukee Association of Realtors.

Physicians Realty Trust offers 15 million shares

Milwaukee-based health care real estate investment trust Physicians Realty Trust has announced a public offering of 15 million common shares.

HSA buys industrial building near Mayfair Collection

A joint real estate fund formed by commercial mortgage lending specialists Innovative Capital Advisors and Chicago-based HSA Commercial Real Estate recently purchased the Schwaab Stamp factory building at 11415 W. Burleigh St. in Wauwatosa.

Federal grant will help Oak Creek develop its lakefront

Oak Creek has been awarded federal Surface Transportation Project grant of $2.8 million for its 5th Avenue relocation project to help open up the city’s lakefront.

YMCA to close South Shore branch

The YMCA of Metropolitan Milwaukee announced today that it will close the South Shore YMCA, located in Cudahy at 3244 E. College Ave. effective Jan. 31.
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S.C. Johnson buys former Diversey HQ for $27.6 million

Racine-based S.C. Johnson & Son Inc. recently closed on its purchase of the former Diversey Inc. corporate headquarters in Sturtevant for nearly $27.6 million, according to state records.

Sales

Judson & AssociatesDavey C. Bartlett purchased the property at 400-04 McCall St., Waukesha, from Carol L. Grosskopf.NAI MLG CommercialArchie...

BMO Harris Bank awarded $2.2 million for affordable housing projects

The Federal Home Loan Bank of Chicago has awarded $2.2 million in grants to BMO Harris Bank to fund six affordable housing projects in Wisconsin through the Affordable Housing Project program.

Atlanta firm buys retail real estate site in Kenosha County

An affiliate of Atlanta-based RCG Ventures purchased 40 acres of land, 26 of which is developable, at Somers Market Center in the Town of Somers in Kenosha County.

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