Real Estate

Bank takes back historic downtown office building

Wauwatosa-based The Equitable Bank has acquired the 117-year-old Germania Building in downtown Milwaukee, according to state records.

Downtown cluster to be redeveloped

An investors group this week purchased a cluster of six small buildings, all built around 1900, located southwest of East Wisconsin Avenue and North Broadway in downtown Milwaukee, with plans to redevelop the site. The buildings wrap around the Railway Exchange building at the corner of Wisconsin and Broadway.

Lakefront might build new brewery in Menomonee Valley

Milwaukee-based Lakefront Brewery Inc. announced today that it has obtained an option to purchase 9.3 acres of land in the Menomonee Valley in Milwaukee that was once intended for an expansion of the Allen Edmonds Shoe Company.

Retail real estate market heats up

As the U.S. economy continues to improve, more shoppers are returning to stores, and retailers are back in expansion mode.

Mammoth Springs

Construction began recently for developer Arthur Sawall's $19 million Mammoth Springs development at N63 W23231 Main St in Sussex. Two, 30-unit upscale residential buildings will be built this year. The project will take several years to complete, but ultimately the site will have more than 150 residential units, more than 12,000 square feet of commercial space and a walking path highlighting a three-acre quarry pond, Sawall said. “The Mammoth Springs Development will be one of the best and most unique mixed use developments in Waukesha County,” he said. “It will be a stunning development and a great place for people to live with majestic views of the quarry pond.”

Dan McCoy, Chief executive officer, McCoy Contractors

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Struggling downtown office building sold

250 Plaza, a 20-story office building located at 250 E. Wisconsin Ave. in downtown Milwaukee, was sold for $7.5 million to Lone Star Real Estate Fund II, according to state records.

Neroli to open new spa in Mequon

As it celebrates its 20th anniversary this year, Neroli Salon & Spa plans to open its fifth location this fall in Mequon.

Real estate odds and ends

Pair of Delavan industrial buildings sold for $1.7 million Elkhorn-based Southern Lakes Recycle recently purchased a pair of industrial...

New construction

Waukesha-based Gerald Nell Inc. was selected by La Crosse-based Kwik Trip Inc. to build a 7,000-square-foot convenience store and...

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