Real Estate
Stay informed on commercial real estate development, investment, and property news in the Milwaukee area.
Brookfield office building sold for $1 million
David Zanon, the owner of Wauwatosa-based Nu-Art Dental Laboratory Inc., recently purchased a vacant 30,000-square-foot office building at 160 Bishops Way in Brookfield for $999,000, according to state records.
Indoor sports complex planned in Glendale
An investors group consisting of developer Joshua Jeffers, the owner of J. Jeffers & Co., Shelley Lamoreaux of the North Shore Arsenal Soccer Club and John Lamoreaux, the owner of Ticket King, plan to purchase a 25,000-square-foot building at 2920 W. Vera Ave. in Glendale, which they will convert into an indoor sports complex called Inbounds Training.
Bank acquires Clarke Hotel in sheriff’s sale
Sheboygan-based Community Bank & Trust recently acquired the Clarke Hotel, located at 314 W. Main St. in downtown Waukesha in a sheriff’s sale. The transaction was recorded on Thursday, May 9, according to state records.
Metro area home sales up 2.3% in April
Home sales in the four-county metro Milwaukee area were up 2.3 percent, to 1,576, in April compared to April of 2012, according to the latest report from the Greater Milwaukee Realtors Association (GMAR).
Mandel Group to break ground on Whitefish Bay project
Milwaukee-based Mandel Group Inc. will hold a groundbreaking ceremony on Wednesday, May 29, to celebrate the start of construction for its $28 million Beaumont Place project, an 83-unit, three-building apartment development that will be built in Whitefish Bay.
Subdivision planned in Brookfield at former school site
Neumann Companies plans to build a 25-home subdivision on a 6.5-acre site in Brookfield.
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Real estate people
The Milwaukee office of Cresa recently added Shannon Mayer as a broker. Previously she worked for Foley & Lardner...
New construction
Brookfield-based Briohn Building Corp. recently completed the construction of a 7,500-square-foot medical clinic for Concentra at 5500 W. Brown...
Sales
Anderson CommercialMichael Eidenberger purchased a 0.3-acre site at 528 W. Grand Ave., Port Washington, from Westbury Bank.Mid-America Real EstateOutpost...
Leases
Anderson Commercial Airgas Safety leased 13,000 square feet of office space at 12000 W. Park Place, Milwaukee.Moraine Park Technical...