Real Estate

MU buys Zilber property for $5.25 million

As part of Marquette University’s seven-acre expansion, announced recently by new president Michael Lovell, the university has purchased two buildings on 2.3 acres from Zilber Property Group for $5.25 million, according to state records.

API Healthcare HQ sold for $13 million

An affiliate of Glen Allen, Va.-based Morse Capital Partners recently purchased the two-story, 73,756-square-foot API Healthcare corporate headquarters office building at 1550 Innovation Way in Hartford for $13 million, according to state records.

Ryan Cos. seeks TIF for proposed Oak Creek industrial development

Ryan Companies U.S. Inc. plans to build a 230,000-square-foot industrial space development on a 23-acre site in Oak Creek and is seeking tax incremental financing assistance for the project from the city.

Kenosha Uptown Brass Pick ‘n Save store sold for $9.25 million

Wauwatosa-based Wangard Partners recently sold the Pick ‘n Save grocery store in the Uptown Brass Center in Kenosha to a Michigan-based firm for $9.25 million, according to state records.

City selling foreclosed properties to nonprofits for $1

Nonprofit organizations looking for a home in Milwaukee now have an opportunity to purchase city-owned, tax-foreclosed properties for $1, thanks to legislation approved by the Milwaukee Common Council on Tuesday.

US Bank parking structure remains closed

About 1,000 downtown employees have been finding a new place to park this week. The US Bank parking structure at 716 E. Clybourn St. has been closed since Tuesday because of a concern about the movement of a wall.
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Jo Cat’s Pub plans expansion on Brady Street

Jo Cat’s Pub, located at 1311 E. Brady St. on Milwaukee’s East Side, plans to expand and renovate. The owner of the tavern JoeyC’s Inc. is seeking approval for the building alternation plans from the city’s Historic Preservation Commission.

Days Inn hotels in Oak Creek and Glendale sold and converted to Motel 6

The 107-room Days Inn hotel at 1201 W. College Ave. in Oak Creek and the 122-room Days Inn hotel at 5485 N. Port Washington Road, Glendale, were sold recently and have been converted to the Motel 6 hotel flag.

Posner Building sold to developer for $3.4 million

An affiliate of Milwaukee-based HKS Holdings LLC recently purchased the 106-year-old Posner Building at 152 W. Wisconsin Ave. in downtown Milwaukee for $3.4 million from an affiliate of Mo’s Restaurants.

Energy saving renovations planned for University Club building

Milwaukee-based PACE Equity LLC, a property assessed clean energy project originator, today announced the first PACE project in the state: a $1.9 million renovation of the University Club building at 924 E. Wells St in downtown Milwaukee.

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