Real Estate

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.

Comfort Suites hotel in Delavan sold for $2.25 million

Milwaukee-based investment group DEV Group LLC recently purchased the 80-room Comfort Suites hotel in Delavan for $2.25 million, according to state records.

Leases

Judson & AssociatesGWC Enterprise Inc. leased 4,800 square feet of space at 300 Travis Lane, Unite 17 and 18,...

Groundbreaking ceremony held for spec industrial building in Oak Creek

Malvern, Pa.-based Liberty Property Trust, a real estate investment trust, held a groundbreaking ceremony Tuesday to celebrate the start of construction of a 171,114-square-foot speculative industrial building at 10020 S. Reinhart Dr. in Oak Creek.

Milwaukee area construction costs trend upward

Local construction labor, material and equipment costs in the Milwaukee area have increased 5.8 percent year-over-year compared to 3.9 percent growth nationally, according to Mortenson Construction's quarterly Construction Cost Index report, released today.

Another East Side apartment development under construction

A 36-unit residential development is under construction at 1809 N. Cambridge Ave. on Milwaukee's East Side.
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No responses yet to new RFP process for Park East corridor

Monday was the first deadline for the new rolling RFP process for developers that want to acquire and build on land owned by Milwaukee County in the Park East corridor. But no responses to the RFP were submitted.

First Bank Financial Centre expands headquarters, adds another branch

First Bank Financial Centre has expanded its Oconomowoc headquarters and opened a second branch in Brookfield to keep up with loan growth.

Real estate odds and ends

Mequon investment group buys two Milwaukee apartment complexes for $8.3 millionA Mequon-based investment group purchased a 24-unit apartment complex...

Helena Chemical Co. acquires Millard Feed Mill near Elkhorn

Colliersville, Tenn.-based Helena Chemical Company recently acquired Millard Feed Mill in Walworth County for $3.4 million, according to state records.

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