Real Estate
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U.S. Attorney selects independent monitor to oversee Miron
U.S. Attorney James Santelle announced today that Stephen VanderBloemen, managing partner of Waukesha-based The VanderBloemen Group, has been selected as the independent monitor to oversee Neenah-based Miron Construction Company Inc.
Holiday Inn hotel near airport sold for $7.7 million
CREFII Waramaug Milwaukee Airport LLC, a Boca Raton, Fla.-based investment group, recently purchased the Holiday Inn hotel at 545 W. Layton Ave. near Mitchell International Airport in Milwaukee for $7.7 million, according to state records.
Retail building to be built in Grafton
Pier 1 Imports, ULTA Beauty and Men’s Wearhouse stores will occupy a 25,000-square-foot retail building that will be built at Highway 60 and Port Washington Road in Grafton.
Bakery planned in downtown West Allis
Aggie’s Cakes and Pastries LLC plans to open a bakery at 7326-28 W. Greenfield Ave. in downtown West Allis.
Wangard buys site for Wauwatosa apartment development
An affiliate of Wangard Partners Inc. recently purchased a 9.4-acre site at 1201/1215 N. 62nd St. in Wauwatosa for $2.265 million from an affiliate of Northbrook, Ill.-based Learsi & Co. Inc., according to state records.
Gardner Denver already considering expansion plans for HQ
Gardner Denver Inc., which is in the process of moving its corporate headquarters from suburban Philadelphia to Milwaukee, is already considering future expansion plans here, according to Luis de Leon, chief executive officer of the firm’s Industrials Group.
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Construction begins for Mequon Town Center
WiRED Properties and Shaffer Development have begun construction of the $19 million Mequon Town Center mixed-use development at the northwest corner of Mequon and Cedarburg roads in Mequon. WiRED and Shaffer announced Thursday that they have closed on a $13.4 million construction loan for the project with BMO Harris Bank.
Kohl’s buys two more Menomonee Falls buildings
Menmonee Falls-based Kohl’s Corp. continues to execute a strategy of expanding its corporate headquarters by purchasing existing nearby buildings rather than building new.
Niagara Bottling buys Pleasant Prairie site for nearly $3 million
Ontario, Calif.-based Niagara Bottling LLC recently purchased a 22.8-acre site in Pleasant Prairie where it plans to build a $56 million, 377,000-square-foot plant.
Northwestern Mutual unveils new renderings for HQ project
Northwestern Mutual Life Insurance Co. unveiled some new renderings today for its 1.1 million-square-foot, 32-story Northwestern Mutual Tower and Commons project at its corporate headquarters in downtown Milwaukee.