Real Estate

A groundbreaking ceremony will be held on Tuesday, Aug. 5, to celebrate the start of construction for a new 23,000-square-foot Good Harvest Market organic grocery store a quarter of a mile west of the store’s existing 12,000-square-foot store at 1850 Meadow Lane in Waukesha.

The Pleasant Prairie Plan Commission voted unanimously to support Costco Wholesale Corp.’s plans to build a 153,962-square-foot store on a 17.5-acre site at 7775 94th Ave.

After more than three years of considering plans to relocate the Milwaukee office for the FBI, the federal government could finally be near a decision about where to locate the office, sources say.

An affiliate of real estate development firm Irgens has acquired the former Venice Club property in Brookfield, according to state records.

Chicago-based Carroll Properties Inc. plans to build a 32- to 33-story luxury apartment building, with up to 270 units, at a site northeast of Van Buren Street and Kilbourn Avenue in downtown Milwaukee.

The number of downtown Milwaukee condominium sales increased by 15 percent to 154 during the first half of the year compared to the first half of 2013, when 134 downtown condos were sold, according to the Greater Milwaukee Association of Realtors.

Boston-based STAG Industrial recently purchased a 81,500-square-foot industrial building at 5150 S. Towne Dr., New Berlin, for $4,275,000, according to state records.

An affiliate of Inland Real Estate Income Trust, a real estate investment trust sponsored by Oak Brook, Ill.-based Inland Real Estate Investment Corp., recently purchased a four-building shopping center, anchored by a Pick ‘n Save store, in West Bend for $24 million, according to an SEC filing.

Racine Shopping Centre LLC, an affiliate of a Singapore-based investment group, recently purchased the 135,827-square-foot Racine Centre shopping center at Green Bay Road and Washington Avenue in Racine for $9.28 million.

Minneapolis-based Ryan Companies U.S. Inc. plans to build a 158,292-square-foot speculative industrial building between Old Orchard Road and Westbrook Crossing, south of Nightingale Way in Menomonee Falls.