Real Estate

Milwaukee County to buy West Allis warehouse

Milwaukee County officials plan to purchase a 50,000-square-foot warehouse at 10920 W. Lapham St., West Allis, for $2 million.

New construction

Waukesha-based Gerald Nell Inc. was selected by the Humane Animal Welfare Society of Waukesha County to build an office...

HSI closes on financing for North Avenue project

HSI Properties LLC announced that it has closed on financing for its The Standard at East Library development at the site of the East Milwaukee Library at 1910 E. North Ave., on Milwaukee's East Side.

Fewer homeowners in region are underwater

As a housing market continues to gradually recover from the collapse during the Great Recession, the percentage of homeowners in the metro Milwaukee area that are underwater (owe more on their home than it is worth) fell from 29.1 percent in the fourth quarter of 2012 to 28.2 percent in the first quarter of 2013, according to a new report from Seattle-based Zillow Inc., which tracks residential real estate values.

Military museum buys Sturtevant building

The Russell Military Museum, located along I-94 just south of the Wisconsin-Illinois state line, recently purchased a 35,000-square-foot building at 2933 105th St. in Sturtevant for $970,000 in a sheriff’s sale.

Milwaukee leads region in population growth

The City of Milwaukee’s population increased by 3,749 residents to 598,916, according to the latest estimates from the U.S. Census Bureau.
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Former Sara Lee plant near downtown acquired by Securant Bank & Trust

Securant Bank & Trust recently acquired the former Sara Lee Bakery Group plant at 918 W. Somers St. in Milwaukee, according to state records. The property was sold by Waukesha-based PPE Real Estate II LLC in a sheriff’s deed pursuant to judgement of foreclosure.

Hobby Lobby store planned for Shoppes at Fox River

A 53,520-square-foot Hobby Lobby store is planned for the Shoppes at Fox River development in Waukesha, according to commercial real estate sources.

ETE buys former Walmart building near Brown Deer Road for $1.65 million

ETE Reman Inc. recently purchased the former Walmart building at 8700 N. Servite Dr., just off of Brown Deer Road and North 76th Street, for $1.65 million, according to state records.

The Couture might include hall for MSO

The Milwaukee Symphony Orchestra is in early stages of considering plans to move its performances to a concert hall that could be built for the MSO in The Couture, the 44-story residential and hotel tower planned by Barrett Visionary Development near the lakefront.

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