Real Estate

Logicalis, a London-based IT firm, plans to move its Brookfield office to the Pabst Professional Center, the new office building recently completed in the former Pabst brewery complex in downtown Milwaukee.

The City of Milwaukee, Milwaukee County Parks and a “group of local stakeholders” have issued a request for qualifications seeking a design team to create plans for a “world class public plaza” that would be created on the lakefront between Lincoln Memorial Drive and Discovery World.

The Shoppes at Prairie Ridge, a shopping center in Pleasant Prairie, is part of a 15-property retail real estate portfolio that Oak Brook, Ill.-based Inland Real Estate Income Trust Inc. is buying from Indianapolis-based Kite Realty Group Trust for $318 million, Inland and Kite announced today.

A vacant 13.5-acre at 140 E. Rawson Ave. in Oak Creek, where Goodwill Industries of Southeastern Wisconsin once planned to build a 140,000-square-foot facility, is now listed for sale.

Home sales in the four county metro Milwaukee area were down 2.2 percent in August, the eighth consecutive month of fewer home sales year-over-year, according to the latest report from the Greater Milwaukee Association of Realtors.

An affiliate of Los Angeles-based Black Lion Investment Group recently purchased the 95,143-square-foot Highland Plaza strip mall at 8600 W. Brown Deer Road in Milwaukee for $1.2 million from an affiliate of Northbrook, Ill.-based Cloverleaf Group, according to state records.

The Shops of Grand Avenue in downtown Milwaukee has again been scheduled to be sold in an online auction.

Milwaukee-based health care real estate investment trust Physicians Realty Trust has announced a public offering of 9 million common shares at $14 per share, for net proceeds of about $126.3 million.

San Francisco-based Kimpton Hotels & Restaurants announced today that construction will begin by the end of the year on the 158-room boutique hotel that it will open at the northeast corner of Broadway and Chicago Street in Milwaukee's Historic Third Ward neighborhood.

An affiliate of New York-based Garrison Investment Group LP, a middle market credit and asset based investor, recently purchased the 112-room TownPlace Suites hotel in Brookfield for $9.6 million, according to state records.