Real Estate

Waukesha-based Gerald Nell Inc. was selected by the Humane Animal Welfare Society of Waukesha County to build an office...

HSI Properties LLC announced that it has closed on financing for its The Standard at East Library development at the site of the East Milwaukee Library at 1910 E. North Ave., on Milwaukee's East Side.

As a housing market continues to gradually recover from the collapse during the Great Recession, the percentage of homeowners in the metro Milwaukee area that are underwater (owe more on their home than it is worth) fell from 29.1 percent in the fourth quarter of 2012 to 28.2 percent in the first quarter of 2013, according to a new report from Seattle-based Zillow Inc., which tracks residential real estate values.

The Russell Military Museum, located along I-94 just south of the Wisconsin-Illinois state line, recently purchased a 35,000-square-foot building at 2933 105th St. in Sturtevant for $970,000 in a sheriff’s sale.

The City of Milwaukee’s population increased by 3,749 residents to 598,916, according to the latest estimates from the U.S. Census Bureau.

Securant Bank & Trust recently acquired the former Sara Lee Bakery Group plant at 918 W. Somers St. in Milwaukee, according to state records. The property was sold by Waukesha-based PPE Real Estate II LLC in a sheriff’s deed pursuant to judgement of foreclosure.

A 53,520-square-foot Hobby Lobby store is planned for the Shoppes at Fox River development in Waukesha, according to commercial real estate sources.

ETE Reman Inc. recently purchased the former Walmart building at 8700 N. Servite Dr., just off of Brown Deer Road and North 76th Street, for $1.65 million, according to state records.

Developers Tim Gokhman and Ann Shuk plan to build a 20-story apartment building northeast of East Kilbourn Avenue and North Van Buren Street in downtown Milwaukee.

Construction began recently for a $4.5 million, 31-unit townhouse project, being built by developers Tim Gokhman and Ann Shuk, in Milwaukee’s Riverwest neighborhood.