Real Estate
Stay informed on commercial real estate development, investment, and property news in the Milwaukee area.
Interpretation of 1927 state Supreme Court case key to Milwaukee shoreline bill
Proposed legislation that would define the location of the Milwaukee shoreline, and therefore determine where private development can be built downtown near the lakefront, is based largely on a 1927 state Supreme Court ruling, according to state Rep. Joe Sanfelippo, R-West Allis, the lead sponsor of the Assembly version of the bill.
Irgens secures $71 million in financing for downtown office tower
Wauwatosa-based real estate development firm Irgens announced today that it has secured a $71 million first mortgage loan commitment from a consortium of four banks to finance the development of 833 East, a 17-story office tower that it plans to build near the lakefront in downtown Milwaukee.
United Natural Foods to open distribution center in northwest Wisconsin
United Natural Foods Inc. will build a $37.8 million distribution center in Prescott, a project expected to create up to 314 new jobs over three years.
Developer seeks MEDC loan to renovate Wauwatosa retail building
Developer Joshua Jeffers, the owner of Milwaukee-based J. Jeffers & Co. LLC, is seeking a $250,000 loan from the Milwaukee Economic Development Corp. to renovate a 6,300-square-foot historic retail building at 6505-19 W. North Ave. in Wauwatosa.
Larger loan sought for Milwaukee’s Asian Market expansion
The owners of Milwaukee’s Asian Market are seeking a larger loan to build an 80,000-square-foot public market/community center at 6300 N. 76th St. on Milwaukee’s northwest side.
Data center opens at Blatz complex
Vaultas Companies announced that it has opened a data center in a 10,000-square-foot space in the former Blatz Brewery complex in downtown Milwaukee. Vaultas also opened a 3,000-square-foot disaster recovery office space there, available for tenants that need temporary office space.
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BizTimes Real Estate Weekly: Haertel gets financing to add second banquet room at Best Place
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 at the former Pabst Brewery, Best Place owner Jim Haertel said.
Milwaukee hotel to be sold at auction
Hilco Real Estate, LLC plans to sell the Milwaukee Airport Inn at a public auction live and online on March 13 at the property, 1716 W. Layton Ave.
Four Points by Sheraton hotel planned at Drexel Town Square
A Four Points by Sheraton hotel is planned for the Drexel Town Square development in Oak Creek.
Ehlers buys Pewaukee office building
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.
