Real Estate
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Irgens secures $71 million in financing for downtown office tower
Wauwatosa-based real estate development firm Irgens announced today that it has secured a $71 million first mortgage loan commitment from a consortium of four banks to finance the development of 833 East, a 17-story office tower that it plans to build near the lakefront in downtown Milwaukee.
United Natural Foods to open distribution center in northwest Wisconsin
United Natural Foods Inc. will build a $37.8 million distribution center in Prescott, a project expected to create up to 314 new jobs over three years.
Developer seeks MEDC loan to renovate Wauwatosa retail building
Developer Joshua Jeffers, the owner of Milwaukee-based J. Jeffers & Co. LLC, is seeking a $250,000 loan from the Milwaukee Economic Development Corp. to renovate a 6,300-square-foot historic retail building at 6505-19 W. North Ave. in Wauwatosa.
Larger loan sought for Milwaukee’s Asian Market expansion
The owners of Milwaukee’s Asian Market are seeking a larger loan to build an 80,000-square-foot public market/community center at 6300 N. 76th St. on Milwaukee’s northwest side.
Data center opens at Blatz complex
Vaultas Companies announced that it has opened a data center in a 10,000-square-foot space in the former Blatz Brewery complex in downtown Milwaukee. Vaultas also opened a 3,000-square-foot disaster recovery office space there, available for tenants that need temporary office space.
Hotel near Mitchell Interchange to be sold at auction
The 96-room Milwaukee Airport Inn, located at 1716 W. Layton Ave., Milwaukee, northwest of Layton Avenue and I-94 near the Mitchell Interchange, will be sold in an auction on March 13, Northbrook, Ill.-based Hilco Real Estate LLC announced today.
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Assembly hearing today on Milwaukee shoreline bill
The state Assembly will hold a hearing today on a bill to establish the legal boundary for the Milwaukee shoreline. The state Senate will hold a hearing on the bill on Thursday, Feb. 13.
Construction begins for Brown Deer Walmart store
A redevelopment kick-off event was held this morning to celebrate the start of construction work to convert the former Lowe’s store at 6140 W. Brown Deer Road in Brown Deer into a 140,000-square-foot Walmart store.
Haertel gets financing to add second banquet room at Best Place
First Bank Financial Centre is providing a $670,000 SBA-backed loan to Best Place to create a second banquet room in the historic building, Best Place owner Jim Haertel said.
BizTimes Real Estate Weekly: Haertel gets financing to add second banquet room at Best Place
First Bank Financial Centre is providing a $670,000 SBA-backed loan to Best Place to create a second banquet room in the historic building at the former Pabst Brewery, Best Place owner Jim Haertel said.
