Real Estate

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.

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.

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.

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.

An affiliate of Wauwatosa-based real estate development firm Irgens recently purchased the downtown Milwaukee site where it plans to build a new 17-story office tower.

Oak Brook, Ill.-based CenterPoint Properties announced today that it has completed construction of a 471,360-square-foot facility in LakeView Corporate Park in Pleasant Prairie for Ta Chen International Inc.

Seattle-based Starbucks Corp. plans to make $100,000 in improvements to its coffee shop at Red Arrow Park in downtown Milwaukee, under a proposed lease extension.

Ehlers Inc., a financial advisory firm for public sector clients, purchased a 19,985-square-foot office building at N21 W23350 Ridgeview Parkway in the City of Pewaukee from entrepreneur Norm Yerke for $2.825 million.

Marquette University has received a $10 million donation from an anonymous benefactor to build a new on-site residence for its Jesuit priests.

A Four Points by Sheraton hotel is planned for the Drexel Town Square development in Oak Creek.