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Milwaukee


Vintage Park East Warehouse Destined for M-F Makeover

Vintage Park East Warehouse Destined for M-F Makeover

Milwaukee's Park East Corridor could soon welcome a new residential development within the walls of a vintage building. The Business Journal reports that Wisconsin Redevelopment LLC and Impact Seven Inc. are planning to transform a 106-year-old warehouse into a 70-unit mix of affordable and market-rate apartments. The residential units would…

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Ramco-Gershenson Pays $10.4M for Phase 2 of Waukesha Retail Center

Ramco-Gershenson Pays $10.4M for Phase 2 of Waukesha Retail Center

Ramco Gershenson Properties Trust has acquired the second phase of The Shoppes at Fox River development in Waukesha. Opus Development Corp. has sold the recently opened shopping center for $10.39 million, the Business Journal reports. The property features 47,000 square feet of retail space, as well as an adjoining 12.2…

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Northwestern Mutual Unveils Plans for $300M Downtown HQ

Northwestern Mutual Unveils Plans for $300M Downtown HQ

Northwestern Mutual Life Insurance has announced plans for a $300 million, 840,000-square-foot office tower in Downtown Milwaukee. Pending city approvals, construction could be complete by 2017. The project is contingent on $48 million in tax increment financing. The new high-rise would replace Northwestern Mutual's 34-year-old headquarters, the 451,964-square-foot, 16-story East…

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New State Office Building Gets $8M in Public Bond Financing

New State Office Building Gets $8M in Public Bond Financing

The Milwaukee Redevelopment Authority has approved $8 million in public bonds to help finance the construction of a 64,000-square-foot state office building in Milwaukee. Klein Development Inc. of Wauwatosa, the project's developer, will use the proceeds to obtain loans for the project through JPMorgan Chase Bank NA and BMO Harris…

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Westwood Financial Pays $15.4M for East Pointe Retail Center

Westwood Financial Pays $15.4M for East Pointe Retail Center

In a $15.4 million deal, Los Angeles-based Westwood Financial Corp. has acquired the 58,000-square-foot East Pointe Marketplace near Downtown Milwaukee from Mandel Group Inc, the Milwaukee Business News reported. “Sale of this mature asset allows our firm to harvest some of our invested capital, in order to reinvest in current…

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UWM Kicks off $75M Research Center; Bucks Extend Lease

UWM Kicks off $75M Research Center; Bucks Extend Lease

The University of Wisconsin-Milwaukee (UWM) broke ground on a $75 million research center on Milwaukee’s East Side that represents the university’s largest-ever investment in a single building. Located northwest of Kenwood Blvd. and Maryland Ave., the 93,000-square-foot Kenwood Interdisciplinary Research Complex will be anchored by the physics department and include…

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Eaton Closes $12.9M Deal for New R&D Center

Eaton Closes $12.9M Deal for New R&D Center

Cleveland-based Eaton Corp. has purchased a new 105,000-square-foot research and development center in Menomonee Falls for $12.9 million. According to the Milwaukee Business Journal, the company plans to move 185 employees from its current Milwaukee building to the new facility by mid-November. According to state records, in April the company…

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Developers Plan 110-Key Element for Park East Corridor

Developers Plan 110-Key Element for Park East Corridor

MRH West L.L.C. plans to develop a 110-key Element hotel on the Park East corridor in Downtown Milwaukee, the Milwaukee Business Journal reports. The investment group is in negotiations with the Milwaukee County Board to purchase a site on Old World Third Street near the recently demolished Sydney Hih complex.…

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Schlitz Park to Wrap $30M Redevelopment By Creating 150 KSF of Office Space

Schlitz Park to Wrap $30M Redevelopment By Creating 150 KSF of Office Space

Construction on the third and last phase of a $30 million renovation project will begin by the end of this year at Schlitz Park, the 46-acre riverfront office complex near Downtown Milwaukee. Preliminary designs for remodeling the property’s long-vacant Executive and Stockhouse buildings were unveiled by Gary Grunau, president of…

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Downtown Office Move Opens Door to Wauwatosa M-F Project

Downtown Office Move Opens Door to Wauwatosa M-F Project

Bartolotta Restaurant Group plans to move its headquarters from Wauwatosa to a 17,400-square-foot Downtown Milwaukee building by the end of August. Bartolotta purchased 520 W. McKinley Avenue to accommodate the company’s growth. VJS Construction Services of Pewaukee and Chamberlin Group of Brookfield are leading a renovation, which will provide Bartolotta…

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$120M Mixed-Use Lakefront High-Rise Proposed

$120M Mixed-Use Lakefront High-Rise Proposed

The underused Downtown Transit Center could be replaced by a 44-story hotel and apartment development. BizTimes Milwaukee reports that developer Rick Barrett, architect Matt Rinka and county officials have unveiled plans for a $120 million tower overlooking Lake Michigan. Called The Couture, the new high-rise would feature a hotel with…

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