Real Estate
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Strong run continues for region’s industrial market
The southeastern Wisconsin industrial real estate market continues to post impressive results and absorbed 712,400 square feet of space in the first quarter, the 16th consecutive quarter of positive absorption for the market, according to the latest report from Xceligent and the Commercial Association of Realtors Wisconsin.
Milwaukee area office market shows improvement
After years of stagnation the Milwaukee area office real estate market is finally showing signs of improvement. The metro area’s office market had 132,223 square feet of positive absorption in the first quarter as the region’s vacancy rate fell from 20.4 percent in the fourth quarter of 2013 to 19.6 percent, according to the latest market report from Xceligent and the Commercial Association of Realtors Wisconsin.
Associated Bank branch will include park along Park East corridor
The 3,000-square-foot branch that Green Bay-based Associated Bank plans to build at 1301 N. Dr. Martin Luther King Jr. Dr. in downtown Milwaukee will include a public park at the northwest corner of King Drive and McKinley Avenue, south of the bank.
Milwaukee area office market shows improvement
After years of stagnation the Milwaukee area office real estate market is finally showing signs of improvement. The metro area’s office market had 132,223 square feet of positive absorption in the first quarter as the region’s vacancy rate fell from 20.4 percent in the fourth quarter of 2013 to 19.6 percent, according to the latest market report from Xceligent and the Commercial Association of Realtors Wisconsin.
MES acquired by Illinois engineering firm
Waukesha-based Midwest Engineering Services Inc. has been acquired by Oakbrook Terrace, Ill.-based Professional Service Industries Inc.
Ryan Cos. buys Delafield site for medical office building
Minneapolis-based Ryan Companies U.S. Inc. recently purchased a 5.2-acre vacant site in Delafield where it plans to build a medical office building, according to state records.
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Rockline continues expansion plan
Sheboygan-based Rockline Industries, one of the world's largest private-label manufacturers of consumer wet wipes and coffee filters, has announced that it has acquired a 240,000-square-foot facility on a 30-acre site in Russellville, Ark. to continue its expansion plans.
LISC to revive ACRE program
Local Initiatives Support Corp.'s Milwaukee office is taking the lead on redeveloping the Associates in Commercial Real Estate program to train minorities for career paths in commercial real estate and connect them to industry professionals.
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.
MES acquired by Illinois engineering firm
Waukesha-based Midwest Engineering Services Inc. has been acquired by Oakbrook Terrace, Ill.-based Professional Service Industries Inc.