Real Estate

A Starbucks store will be built in the City of Milwaukee near Mitchell International Airport.

Sam's Club, a divison of Wal-Mart Stores Inc., announced today that the company plans to convert a former Menard's store in the Town of Sheboygan into a 137,000-square-foot Sam's Club store.

An affiliate of Port Washington-based Ansay Development, recently purchased a 44,200-square-foot building at 9911 S. Howell Ave. in Oak Creek from an affiliate of Milwaukee-based Van Buren Management Inc. for $2 million, according to state records.

Menomonee Falls-based Ultra Tool & Manufacturing Inc. plans to buy and renovate a 41,805-square-foot building at W194 N11811 McCormick Dr. in Germantown.

Caledonia-based Jon Hendersen Real Estate Inc. plans to build a 37,200-square-foot speculative industrial building in a 36-acre business park that it is developing southwest of I-94 and 6 ½ Mile Road in the Town of Raymond in Racine County.

Northwestern Mutual Life Insurance Co. announced today that it has asked four construction teams to submit proposals to be the general contractor for the $450 million Northwestern Mutual Tower and Commons project at its downtown Milwaukee corporate headquarters campus.

Jim Plunkett, the former president of Milwaukee-based Plunkett Raysich Architects LLP and the son of company founder Henry Plunkett, died last week at his home in River Hills. He was 81.

Milwaukee-based health care real estate investment trust Physicians Realty Trust today reported a net loss of $638 million in the fourth quarter, compared to a loss of $1.2 billion in the fourth quarter of 2012.

Unico Inc. is moving equipment into its completed headquarters building expansion in Franksville, which ended up being larger than planned.

A café that will open soon in the first floor of Nelson Schmidt Inc. office building could become a new destination for people who work in downtown Milwaukee.