Real Estate

Lutheran Home in Wauwatosa announced that it will invest $2 million in a major renovation of its main lobby and entrance, as well as the addition of office space.

Organic grocer Good Harvest Market will open its brand new two-story, 23,000-square-foot store and Harvest Café on Wednesday, April 29 at 2205 Silvernail Road in Pewaukee.

Marcus Theatres Corp. recently pulled a building permit to do $548,000 in improvements to Marcus Southgate Cinema at 3300 S. 30th St. on the south side of Milwaukee.

Denver-based Broe Real Estate Group, an investor and operator of commercial real estate assets across the U.S., said it is recapitalizing the One Riverwood Place and Two Riverwood Place offices in Pewaukee under a managed affiliate.

A subsidiary of Bentonville, Ark.-based Walmart purchased a 19.1-acre site at 8010 N. 124th St. in Milwaukee from The Boerke Company Inc. for $5.85 million, according to state records.

ACTS Housing has named Michael Gosman executive director as the Milwaukee nonprofit's former leader, Carl Quindel, launches a for-profit company aimed at helping aspiring homeowners succeed in a rent-to-own program.

As Near West Side Partners, Inc. reimagines the future of Milwaukee’s Near West Side, the organization and its five pillar institutions have announced a $1 million initiative designed to tout the area’s assets while curbing crime.

Having closely watched the debate over how to fund a new arena for the Milwaukee Bucks, it appears there is a real risk that this franchise will leave Milwaukee. It appears that the state legislature has balked at Gov. Scott Walker's original $220 million funding proposal. It appears they are focused on approving a funding package of $150 million. This leaves a funding gap of at least $100 million ($500 million in projected cost, less $250 million in private capital and $150 million in state financing). State legislative leaders have suggested that the city and county come up with this $100 million or what could be an even bigger share if the actual costs of construction run over $500 million.

Kmart Corp., a subsidiary of Hoffman Estates, Ill.-based Sears Holdings Corp., informed state officials that it will close its store at 3201 N. Mayfair Road in Wauwatosa.

Dublin, Calif.-based Ross Dress for Less, which claims to be the largest off-price apparel and home fashions chain in the U.S., plans to open a store at Loomis Centre on the south side of Milwaukee.