Real Estate
Stay informed on commercial real estate development, investment, and property news in the Milwaukee area.
Kenosha apartment complex sold for $17 million
Villa Royale Apartments LLC sold the 184-unit Villa Royale Apartments complex at 5418 Washington Road in Kenosha for $17 million, according to Oak Brook, Ill.-based Inland Real Estate Brokerage & Auctions Inc., which represented the seller, an out-of-state operator of multi-family properties throughout the U.S.
Developer proposes minor league baseball stadium in Franklin
Michael Zimmerman, the owner of Greenfield-based Zimmerman Ventures LLC and The Rock Sports Complex LLC, wants to build a minor league baseball stadium at the complex in Franklin.
Pabst Farms developers to seek retailers other than Walmart
Pabst Farms Development has offered not to enter into a purchase and sales agreement with Walmart for at least one year and will instead seek other retailers for the development located northeast of I-94 and Highway 67 in Oconomowoc, according to a statement today from Oconomowoc Mayor Jim Daley.
Construction to begin on new Rishi Tea building
A groundbreaking ceremony will be held on Friday to celebrate the start of construction of a new 50,000-square-foot industrial facility at 185 S. 33rd Ct. in the Menomonee Valley in Milwaukee for Rishi Tea.
Kohl’s returns land for cancelled HQ
Kohl’s Corp. has returned the 103-acre site where it had planned to build a new 900,000-square-foot corporate headquarters campus in the Woodland Prime Office Park to the village of Menomonee Falls. The company transferred the property to the village in a deal recorded Monday that was worth almost $10 million, according to state records.
Marquette receives $10M for campus renovation
Marquette University today announced it has received a $10 million donation from an anonymous benefactor to build a new on-site residence for its Jesuit priests.
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First phase of Signicast expansion nearly complete
Hartford-based Signicast will complete the first phase of its 500,000-square-foot expansion in the first quarter.
Kohl’s buys 6 acres near HQ
Menomonee Falls-based Kohl’s Corp. recently purchased a vacant 6 acre site on Davian Drive in Menomonee Falls for $1.25 million, according to state records.
Richardson Industries sells lumber division
Sheboygan Falls-based Richardson Industries Inc. has sold Richardson Lumber Company to Drexel Building Supply.
Goodwill buys former Reader’s Digest office building for $6 million
Goodwill Industries of Southeastern Wisconsin Inc. recently purchased the former Reader’s Digest office building in Greendale for $6 million, according to state records.
