Real Estate

Region’s office market shows improvement

The southeastern Wisconsin office real estate market absorbed 510,657 square feet of space in 2014, including 85,898 square feet in the fourth quarter, according to the latest quarterly report from Xceligent and the Commercial Association of Realtors Wisconsin.

Metro Milwaukee home sales up 6.6% in December

Home sales in the four county metro Milwaukee area were up 6.6 percent, compared to December of 2013, to 1,252 homes sold, according to the latest report from the Greater Milwaukee Association of Realtors.

BMO Harris Bank awarded $2.2 million for affordable housing projects

The Federal Home Loan Bank of Chicago has awarded $2.2 million in grants to BMO Harris Bank to fund six affordable housing projects in Wisconsin through the Affordable Housing Project program.

Atlanta firm buys retail real estate site in Kenosha County

An affiliate of Atlanta-based RCG Ventures purchased 40 acres of land, 26 of which is developable, at Somers Market Center in the Town of Somers in Kenosha County.

Hal Leonard HQ building sold for $6.8 million

An affiliate of Milwaukee-based Hal Leonard Corp. sold the company’s corporate headquarters office building to an affiliate of Rochester, N.Y.-based Broadstone Real Estate LLC for $6.8 million, according to state records.

BizTimes Real Estate Weekly: Froedtert to open major medical center in Oak Creek’s Drexel Town Square

Froedtert Health plans to open a significant primary and specialty care health center in the Drexel Town Square development in Oak Creek.
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HSA plans spec industrial building at former Waukesha bowling alley site

Chicago-based HSA Commercial Real Estate plans to build a 175,000-square-foot multi-tenant industrial building on an 8.4-acre site at 901 Northview Road in Waukesha. The site was formerly occupied by AMF Waukesha Lanes, which closed last year.

Cassidy Turley Barry changes name to DTZ Barry

An affiliate of DTZ Investment Holdings has closed on its acquisition of Washington, D.C.-based commercial real estate services firm Cassidy Turley Barry.

Phoenix Investors buys three Milwaukee industrial buildings

An investors group affiliated with Milwaukee-based Phoenix Investors LLC announced today that it has acquired three industrial buildings, totaling 300,000 square feet of space, on the northwest side of Milwaukee, for $2.8 million.

Mixed-use building planned in Walker’s Point

Michael Pelsley, of Ferryville, Wis., plans to build a two-story, mixed-use building on a vacant 0.5-acre lot at the southeast corner of South First Street and East Pittsburgh Avenue in Milwaukee’s Walker’s Point neighborhood.

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