Real Estate

Marquette to break ground Friday on Jesuit Residence

Marquette University, in Milwaukee, will break ground on its new residence for the college’s Jesuit priest community on Friday.

Physicians Realty Trust takes net loss on portfolio growth

Milwaukee-based real estate investment trust Physicians Realty Trust today reported a second quarter net loss of $600,000, or 2 cents per share, compared to a net loss of $283,000 in the second quarter of 2013.

Diamond Marketing moving HQ from Mequon to West Bend

Diamond Marketing LLC, a firm that designs and manufactures point of purchase displays, is in the process of moving its corporate headquarters from Mequon to West Bend.

Wangard plans $14 million industrial space development in West Allis

Wauwatosa-based real estate development firm Wangard Partners Inc. plans to build a two-building, $14 million industrial space development on the former Yellow Freight Truck terminal sites at 11525 and 11406 W. Rogers St. in West Allis.

Red Lobster restaurants in Milwaukee County sold for $9.5 million

The two Red Lobster restaurants in Milwaukee County, one located in Wauwatosa and the other in Greenfield, sold recently for a combined $9.5 million, according to state records.

July metro area home sales down 0.8%

Home sales in the four county metro Milwaukee area continue to lag behind the 2013 pace.
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Real estate odds and ends

Premier Real Estate Management plans new HQ in Brookfield Premier Real Estate Management LLC, an apartment management and development...

Sleep Inn near Sheboygan sold for nearly $2.5 million

Franklin-based Shreedhar Hotels LLC recently purchased the 60-room Sleep Inn & Suites hotel, located just off of I-43 near Sheboygan, for $2.475 million, according to state records.

Atlanta-based development firm buys former Gallun Tannery site

Atlantic Realty Partners, an Atlanta-based developer of luxury apartment buildings, recently purchased the 5.7-acre former Gallun Tannery site at 1781 N. Water St. on the Milwaukee River north of downtown Milwaukee, according to state records.

Northwestern Mutual to hold groundbreaking ceremony Aug. 26 for office tower

Northwestern Mutual Life Insurance Co. announced today that it will host a groundbreaking ceremony on Tuesday, Aug. 26 to celebrate the start of construction for its Northwestern Mutual Tower and Commons project at its corporate headquarters campus in downtown Milwaukee.

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