Real Estate

MANDI awards honor community development

Six projects were selected as winners of Local Initiatives Support Corp.’s Milwaukee Awards for Neighborhood Development Innovation Wednesday.

Group led by Wangard buys Delafield retail buildings for $13.75 million

Shoppes at Nagawaukee Equity LLC, an investors group led by Wauwatosa-based Wangard Partners Inc. chairman and chief executive officer Stewart Wangard, recently purchased two buildings in the Nagawaukee Center retail development in Delafield for $13.75 million.

New construction

Brookfield-based Briohn Building Corp. was contracted to design and build a 1,800-square-foot tenant improvement project for Dermatology Associates of...

Sales

Mid-America Real EstateDLC Management Corp. purchased Midtown Center at Fond du Lac Avenue and Capitol Drive in Milwaukee.Ogden &...

Leases

Colliers International|WisconsinGeo Synthetics Inc. leased 37,000 square feet of warehouse space at 5300 N. 33rd St.,  Milwaukee.Avenet Technologies leased...

Niagara Bottling to build plant in Pleasant Prairie

Ontario, Calif.-based Niagara Bottling LLC plans to build a $56 million, 377,000-square-foot facility in Pleasant Prairie, Kenosha area economic development officials announced.
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Midtown Center sold for $47 million

An affiliate of Tarrytown, N.Y.-based DLC Management Corp. purchased the Midtown Center shopping center in Milwaukee for $47.15 million, according to state records.

Bartolotta plans three restaurants at Mayfair Collection

Milwaukee-based The Bartolotta Restaurants plans to open three restaurants at the Mayfair Collection development in Wauwatosa, under a partnership with Phoenix Development Partners.

Wauwatosa Days Inn sold for $2.7 million for conversion to student housing

Wisconsin International Academy Inc. recently purchased the 127-room Days Inn hotel at 11811 W. Bluemound Road in Wauwatosa for $2.656 million, according to state records.

Kmart and Sears closings hurt region’s retail market

The region’s retail real estate market had a rough start to the year with negative absorption of 272,363 square feet of space in the first quarter as the vacancy rate rose from 7.7 percent in the fourth quarter of 2013 to 8.32 percent, according to the latest report from Xceligent and the Commercial Association of Realtors Wisconsin.

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