Real Estate

Milwaukee-based commercial real estate brokerage The Boerke Company Inc. and Brookfield-based Richter Realty & Investment Inc. today announced the formation of Boerke Management Company.

Monkey Bar Gymnasium will move its location from downtown Milwaukee to a larger space in the Historic Third Ward.

A project to add exterior lights to the Basilica of St. Josaphat, a major Milwaukee landmark located at 2333 S. Sixth St. on the city’s south side, is beginning this week.

Long Beach, Calif.-based HCP Inc., a real estate investment trust that serves the health care industry, recently purchased the Post Acute Specialty Hospital of Milwaukee, located at 5015-17 S. 110th St. in Greenfield, from Toledo, Ohio-based Health Care REIT Inc. for $15.2 million, according to state records.

A project to add exterior lights to the Basilica of St. Josaphat, a major Milwaukee landmark located at 2333 S. Sixth St. on the city’s south side, is beginning this week.

Northwestern Mutual Life Insurance Co. today unveiled the design for the new $450 million, 32-story, 1.1-million-square-foot office tower that it plans to build at its downtown Milwaukee corporate headquarters campus.

Olds Products Company, a mustard manufacturer, plans to build a 48,562-square-foot addition to its 48,392-sqaure-foot facility at 10700 88th Avenue in Pleasant Prairie.

Tralee, Ireland-based Kerry Group plc is considering plans to expand its production facility in Jackson.

Milwaukee-based Phoenix Investors LLC recently purchased a 288,500-square-foot distribution center at 2821 Muth Ct. in Sheboygan from Southfield, Mich.-based International Automotive Components for $2.25 million, according to state records.

Edina, Minn.-based VCP Good Hope LLC recently purchased an 8,863-square-foot strip mall at 7335 W. Good Hope Road, Milwaukee, from Wauwatosa-based Wangard for $1.92 million, according to state records.