Real Estate

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.

Waukesha-based Midwest Engineering Services Inc. has been acquired by Oakbrook Terrace, Ill.-based Professional Service Industries Inc.

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.

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.

Waukesha-based Midwest Engineering Services Inc. has been acquired by Oakbrook Terrace, Ill.-based Professional Service Industries Inc.

Milwaukee-based The Bartolotta Restaurants plans to open three restaurants at the Mayfair Collection development in Wauwatosa, under a partnership with Phoenix Development Partners that was announced today.

An affiliate of Tarrytown, N.Y.-based DLC Management Corp. purchased the Midtown Center shopping center in Milwaukee for $47.15 million, according to state records.

Anderson Commercial GroupNorth Greenfield LLC purchased a 19,467-square-foot retail/mixed-use building at 7239 W. Greenfield Ave., West Allis, from West...

Anderson Commercial GroupKinetec sub-leased 5,137 square feet of flex space at the Cedar Creek Business Center in Jackson from...

Milwaukee-based SURG Restaurant Group on Tuesday reopened its riverfront restaurant space in Milwaukee's Historic Third Ward as a banquet facility.