Latest News
REIT to buy second phase of Waukesha retail development
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.
Walmart plans to build new store in New Berlin
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.
Metro area home sales up 24% in November
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.
Southridge to add additional tenants
Southridge Mall in Greendale recently held a celebration for the complete of its renovation and announced the addition of several new tenants.
Ariens has model to bridge Wisconsin’s skills gap
Over the years, I’ve spent considerable time writing and reporting on the manufacturing skills gap. It remains a topic of concern for the industrial sector in Wisconsin as business, education and political leaders continue to work to develop solutions to a problem that stems from manufacturers struggling to fill open jobs while thousands of unemployed workers search for employment but don’t have the necessary skills to make them immediately viable candidates.
Organic food distributor to build Racine County facility
Another distribution center is planned in the Interstate 94 corridor between Milwaukee and Chicago.
McDermott opens new plant in Menomonee Falls
McDermott Cue Mfg. LLC, a leading manufacturer and worldwide distributor of pool cues, announced it has moved to a new plant and showroom in Menomonee Falls at N84 W13660 Leon Road.
Johnsonville to expand Sheboygan Falls meat plant
Johnsonville Sausage LLC will expand its Sheboygan Falls smoked/cooked meat plant by adding 40,000 square feet and hiring 35 more full-time employees.
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MSI Data to expand Mequon HQ
MSI Data, a provider of field workforce automation software, is expanding its Mequon headquarters by adding more office space and employees to meet the needs of new customers and to roll out new technology offerings.
Real estate odds and ends
The Four Points Sheraton Milwaukee North hotel, located just off of Brown Deer Road at 8900 N. Kildeer Ct.,...
Leases
CBRENexius Solutions Inc. leased 1,667 square feet of space at 2300 N. Mayfair Road, Suite 1060, Wauwatosa, from Mayfair...
Sales
CBRE1801 Pewaukee LLC purchased 45,164 square feet of space at 1801-05 Pewaukee Road, Waukesha, from Eastern Wisconsin Water Conditioning...