Real Estate

November sales of existing homes in the four-county metropolitan Milwaukee area were up 24.2 percent compared to November 2011, according to the latest report from the Greater Milwaukee Association of Realtors (GMAR). In November, 1,202 homes were sold in the area compared to 968 in November 2011.

Walmart has submitted plans to build a 147,848-square-foot supercenter store on a 16-acre site at 15375 W. Greenfield Ave. in New Berlin. The Charcoal Grill restaurant at that location will be demolished to make way for the Walmart store.

Farmington Hill, Mich.-based real estate investment trust Ramco-Gershenson Properties Trust plans to purchase the second phase of the Shoppes at Fox River retail development in Waukesha, according to a real estate industry source. The deal includes 47,000 square feet of retail space occupied by TJ Maxx, Ulta, Rue and Charming Charlie’s, plus some undeveloped land, the source said.

The pieces of the massive Drexel Town Square development in Oak Creek are coming together, and several major players in the Milwaukee commercial real estate development industry will participate in the project, according to numerous sources.

For many years, Mayfair Mall in Wauwatosa has been widely considered the top retail destination in the metro Milwaukee area with an impressive lineup of upscale stores. But the mall's status atop the area's retail heap has been challenged in more recent years.

Kenosha-based Bear Development LLC plans to spend about $5 million to convert a 57,626-square-foot office building at 700 W....

Another distribution center is planned in the Interstate 94 corridor between Milwaukee and Chicago.

Johnsonville Sausage LLC today announced it will expand its Sheboygan Falls smoked/cooked meat plant by adding 40,000 square feet and hiring 35 more full-time employees.

Pewaukee-based WHR Group Inc. has appointed Robert Keefe to serve in the newly created role of president.

McDermott Cue Mfg. LLC, a leading manufacturer and worldwide distributor of pool cues, announced today it has moved to a new plant and showroom in Menomonee Falls at N84 W13660 Leon Road.