Real Estate

Beloit-based Hendricks Commercial Properties LLC purchased the Gateway Business Center, a 72,510-square-foot technology and flex center at 3235-75 Intertech Dr., Brookfield, from Lake Forest, Ill.-based Westminster Gateway LLC for $6.1 million.

The Milwaukee Soldiers Home along with the Clement J. Zablocki VA Medical Center celebrated its distinction as a national historic landmark with a ceremony to present the official plaque to the community and highlight the site's historical significance.

Jacksonville, Fla.-based FIS notified the Wisconsin Department of Workforce Development today that it will close its facility in the Schlitz Park complex at 1515 N. Rivercenter Drive in downtown Milwaukee, and will lay off about 301 employees.

The U.S. Treasury Department announced $155 million in new markets tax credit allocations for four Wisconsin-based community development entities.

Kloiber Jewelers, in business since 1926, will be relocating to the Galleria level of the U.S. Bank Center, located at 777 E. Wisconsin Ave., in downtown Milwaukee.

Milwaukee aldermen voted unanimously Tuesday to support a $73 million tax incremental financing (TIF) package for the new office tower at the Northwestern Mutual Life Insurance Co. corporate headquarters and for street improvements for the Lakefront Gateway project.

Daniel Oakes, the owner of Racine-based A.W. Oakes & Son Inc., a Racine-based earthwork construction services firm, recently purchased an undeveloped 101-acre site northwest of I-94 and County Highway K in the Racine County Town of Raymond.

Walmart will hold a groundbreaking ceremony on Thursday to celebrate the start of construction of a 41,000-square-foot Walmart Neighborhood Market store at W226 S1500 Highway 164 in the Town of Waukesha.

Seattle-based Zillow predicts that home values for the metro Milwaukee housing market will rise 1.9 percent this year.
That is below Zillow’s 3.2 percent expected growth rate for the national housing market.

Milwaukee aldermen voted unanimously this morning to support a $73 million tax incremental financing (TIF) package for the new office tower at the Northwestern Mutual Life Insurance Co. corporate headquarters and for street improvements for the Lakefront Gateway project.