Real Estate

Northwestern Mutual acquires building in Silicon Valley

Northwestern Mutual Life Insurance Co. Inc. has acquired a leasehold interest in 3330 Hillview, a two-story, 29,744-square-foot office building in the Stanford Research Park in Palo Alto, Calif.

Best Place investors reach settlement

The membership of Brew City Redevelopment Group LLC, which includes an investors group led by Best Place owner Jim Haertel and another group that includes Wauwatosa accountant Daniel Glaser, has entered into an agreement that settles a legal battle between the two groups, Haertel announced.

Rishi Tea could relocate in Milwaukee to expand

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.

Construction begins on hospice renovation and expansion

Construction is underway on a renovation and expansion project at Horizon Home Care & Hospice’s in-patient hospice unit at Columbia St. Mary’s Hospital Ozaukee that will both increase sizes of individual rooms and make the unit more inviting and comfortable for hospice patients.

C.G. Schmidt lands expansion project

Milwaukee-based C.G. Schmidt has been named construction manager for a $1.4 million addition at the Paper Machinery Corp. (PMC) headquarters in Milwaukee.

UMB plans office move to Schlitz Park

UMB Fund Services Inc. plans to move its office from 803 W. Michigan St. on the west side of downtown Milwaukee about 1.5 miles northeast to the Schlitz Park office complex on the north side of downtown Milwaukee.
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BizTimes Around Town: New downtown Milwaukee Marriott hotel opens

The new 205-room Milwaukee Marriott Downtown hotel at 323 E. Wisconsin Ave. opened June 26, ahead of schedule.

BizTimes Real Estate Weekly: New Marriott hotel opens in time for Summerfest

The new 205-room Milwaukee Marriott Downtown hotel at 323 E. Wisconsin Ave. opens today, ahead of schedule. The hotel was originally scheduled to open in mid-July.

Sales

Cassidy Turley BarryPat Ellis Investments LLC recently purchased a 13,480-square-foot industiral building at 3550 W. Elm St., Milwaukee, from...

Leases

CBREThe Infosoft Group Inc. leased 22,245 square feet of space at 1000 N. Water St., Milwaukee, from AAP Properties...

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