Real Estate

CBRE may buy Johnson Controls workplace solutions business

Glendale-based Johnson Controls Inc. may be in talks to sell its Global Workplace Solutions arm to major global commercial real estate services firm CBRE Group Inc. for more than $1 billion.

Physicians Realty Trust recovers from loss

Milwaukee-based real estate investment trust Physicians Realty Trust today reported fourth quarter net income of $2 million, or 4 cents per share, recovering from a loss of $638,000, or a 4 cent loss per share, in the fourth quarter of 2013.

Quad to move commingling operations from New Berlin to Pewaukee

Sussex-based Quad/Graphics Inc. has leased the second of two warehouses in Pewaukee that were formerly occupied by American TV & Appliance and plans to move its commingling operations there from New Berlin.

Boucher plans Kia dealership in Menomonee Falls

Boucher Automotive Group plans to build a Kia dealership and a Quick Lane service center in Menomonee Falls.

Zilber plans spec industrial building in Menomonee Falls

Zilber Property Group plans to build a 146,423-square-foot speculative industrial building on a site south of Manhardt Drive and east of Lilly Road in Menomonee Falls.

Real estate odds and ends

Versant to move to Third WardBranding, marketing and communications firm Versant announced today that it will move its headquarters...
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Redevelopment planned to convert historic building near Schlitz Park into apartments

Rick Wiegand, the owner of the Ambassador Hotel and the Ambassador Inn, is planning another redevelopment project to transform the former F. Mayer Boot and Shoe Co. building into an apartment complex.

Sales

Colliers International|WisconsinPhoenix Investors purchased a 46,784-square-foot building at 4041 N. Richards St., Milwaukee, for $1.45 million.4C-For Children purchased the...

Leases

Colliers International|WisconsinBuilding DFGI Investor LLC leased 6,698 square feet of industrial space at the Mitchell Industrial Park in Cudahy.Mid-America...

Real estate people

Palec joins Colliers as partnerSteve Palec, one of the most prominent office space brokers in Milwaukee, recently left his...

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