Real Estate

Construction began recently for a new six-story apartment-style residence hall that the Milwaukee Institute of Art & Design (MIAD) will build at 252 E. Menomonee St. in Milwaukee's Historic Third Ward, across the street from the college's main academic building.

The Stratford Plaza building, a 25,725-square-foot, multi-tenant retail building located at 12132 Capitol Drive in Wauwatosa, was sold recently for $6 million, according to state records.

Wauwatosa retail building sold for $6 million The Stratford Plaza building, a 25,725-square-foot multi-tenant retail building located at 12132...

Milwaukee-based Rishi Tea needs additional space and could move to another location in the city or expand at its current location, co-owner and vice president of sales Benjamin Harrison said.

Mid-America Real EstateThe Phillips Edison Group LLC purchased the Glenwood Crossings shopping center at 2723 18th St., Kenosha.Schaefer Land...

Colliers International|WisconsinDickten Masch Plastics leased 17,325 square feet of industrial space in the Pewaukee Commerce Center at N25 W23040...

Glenwood Crossings, an 87,504-square-foot shopping center in Kenosha, was sold by Northbrook, Ill.-based Cloverleaf Group to Cincinnati-based Phillips Edison for $12.85 million, or $146.85 per square foot, according to state records.

Blue Ribbon Management LLC plans to break ground soon on two developments at the former Pabst brewery in downtown Milwaukee: an office building and an apartment building for international college students, said Blue Ribbon CEO Tom Gehl. Financing from foreign investors is in place for the office building but federal approval for similar financing for the apartment building has been delayed.

Mandel Group Inc. says the second phase of its North End development, located along the Milwaukee River on the north side of downtown Milwaukee, is already 70 percent leased, another sign of the strength of the downtown apartment market.

West Falls Center LLC, led by investor Brian Nelson, recently purchased the seven-story, 42,000-square-foot office building at 101 Falls Road in Grafton from Chicago area investor Mike Thiakos.