Kaman Industrial Technologies Corp., a division of Bloomfield, Conn.-based Kaman Corp., will move from its current location on the northwest side of Milwaukee at 8220 W. Sleske Ct. to a new 27,596-square-foot facility that will be built at 2340 Richfield Parkway in Richfield. The building will be constructed on a 3.3-acre site in the Endeavor Business Park, which is being developed by Helsan Development Company LLC.

A groundbreaking ceremony for the project was held Tuesday. The developer for the project is Appleton-based Rollie Winter & Associates Ltd. The general contractor is Keller Inc. The new facility is expected to be complete on Jan. 31.

Kaman is a distributor of industrial parts including bearings, power transmission, electrical, material handling, motion control, fluid power and accessory products to customers in a variety of industries. The company also provides services such as engineering and design support for electrical, linear, hydraulic and pneumatic systems, as well as belt and rubber fabrication, reducer build, hose assemblies, custom modifications, repair services, fluid analysis and motor management.

According to a news release, Kaman chose to move to a new facility to support the growth of its engineered rubber products services. The company has more than doubled its rubber products output in the last four years. The plans include the addition of a second shift as production increases.

Saint John’s on the Lake, a senior apartment complex at 1840 N. Prospect Ave. on Milwaukee’s east side, has successfully sold $83 million in tax free municipal bonds for its planned 21-story, 88-unit expansion project, spokesman Rick Romano told BizTimes Milwaukee.

A groundbreaking ceremony for the project will be held on Oct. 15, Romano said, the same day that the financing package will close.

“We think this is a pretty extraordinary accomplishment in a tough economic climate,” Romano said. “We’re very excited for ourselves, but also for the community. There are going to be 150 to 200 workers on this construction project.”

Pewaukee-based VJS Construction Services is the general contractor for the project.

The tax free municipal bonds were made available through the Wisconsin Health and Educational Facilities Authority. Saint John’s hired Ziegler Wealth Management, a division of B.C. Ziegler and Company, to handle the bond sale.

Saint John’s executives decided to sell bonds for the project when they determined that was a better option for them than getting financing from a bank. Bank financing for major real estate developments has been extremely hard to obtain since the U.S. financial market meltdown last year.

So far about 75 percent of the 88 apartment units in the planned expansion have been reserved.

Construction for the expansion project is expected to be complete in mid-2011.

Marquette University announced that it plans to build a new, $100 million College of Engineering facility at the southwest corner of Wisconsin Avenue and North 16th Street in Milwaukee. Four university-owned apartment buildings on the site will be demolished.

The first phase of the project will be a 5-story, 100,000-square-foot building. Groundbreaking for that project is expected in the spring, and construction is expected to be completed in August of 2011. The building will feature the Discovery Learning Laboratory, a 2-story engineering materials and structural testing laboratory and other teaching and research laboratories, common areas for students and office space.

That structure will be linked to a future 150,000-square-foot building that will include classrooms, offices and additional laboratories.

MU officials say they have more than $68 million in pledges for the $100 million project, and will continue aggressive fundraising work to complete the entire project as soon as possible.

“With $25 million cash in hand and pledges of $10 million (that) we expect to receive over the next two years, the (MU Board of Trustees) expressed confidence in our ability to move forward,” said Marquette University president Father Robert A. Wild.

“I’m confident that we will raise the full $100 million cost of the project and I’m committed to doing so,” said Opus Dean Stan Jaskolski. “We need more engineers, and we need a facility where students, faculty and our industry and educational partners can come together to problem solve and design solutions. This new facility is being explicitly designed for collaboration at multiple levels. It is truly a gift to the Milwaukee region, taking advantage of our urban location and providing space for innovation and idea sharing.”

The new College of Engineering facility will be the latest addition to a building boom going on at the Marquette campus. MU had more than $130 million in construction projects in progress during the summer. In August, the university opened a new residence hall, Rev. James J. McCabe S.J. Hall, in a renovated former apartment building at the northeast corner of North 17th Street and Wisconsin Avenue. Construction is expected to be completed in November on a new student services/administration building, located at North 12th Street and Wisconsin Avenue and named Joseph and Vera Zilber Hall (after the founder of Milwaukee-based Zilber Ltd. and his wife). Construction of the new Marquette University Law School facility, to be called Ray and Kay Eckstein Hall, at the corner of 11th Street and Clybourn Avenue, is expected to be complete next summer. MU is also renovating the Varsity Theatre and remodeling classroom and laboratory space in several academic buildings.

Aurora Advanced Healthcare recently opened a new clinic at 325 E. Silver Spring Dr., Whitefish Bay. Construction of the clinic started in March 2009 and completed in September.

“We are excited to be a part of the new life coming to the village shopping district along Silver Spring Drive,” said Marc Olsen, a family physician at the clinic and a Bayside resident. “Mostly, we are excited to be offering more convenient healthcare to the North Shore and Whitefish Bay.”

The clinic 11,600-square-foot clinic offers primary care, specialty care, imaging, laboratory and walk-in care services. All clinic physicians are accepting new patients.

The site offers a new choice for Aurora Health Care and Aurora Advanced Healthcare patients in the North Shore communities. Between both healthcare service providers, more than 3,500 patients are from the Whitefish Bay area alone.

Advanced Healthcare and Aurora Health Care formed an affiliation in 2008. Aurora Advanced Healthcare is a primary and specialty care physician group covering four counties: Milwaukee, Ozaukee, Washington and Waukesha. The group has more than 300 primary and specialty care physicians at 32 clinic locations.

Milwaukee-based Marshall & Ilsley Corp. this week announced that it has extended its foreclosure moratorium an additional 90 days through Dec. 31, 2009.

The moratorium, which began in December of 2008, is on all owner-occupied residential loans for customers who agree to work in good faith to reach a successful repayment agreement. The moratorium applies to applicable loans in all M&I markets.

M&I’s homeowner assistance program also features assistance programs for potentially distress homeowners and it also offers a foreclosure abatement program the features several refinancing options.

BizTimes Milwaukee once again invites you to identify your best leasable industrial, retail and office sites for inclusion in the publication’s annual lists of prime leasable commercial real estate sites in southeastern Wisconsin.

The lists will be published in the Honor Roll of Prime Leasable Space on Nov. 12 in the BizTimes Milwaukee 2010 Commercial Real Estate & Development Book. This is the sixth annual production of this book.

The Honor Roll consists of three lists: (1) Prime Leasable Industrial Sites in Southeastern Wisconsin; (2) Prime Leasable Retail Sites in Southeastern Wisconsin; and (3) Prime Leasable Office Sites in Southeastern Wisconsin.

To nominate your sites, go to www.biztimes.com/honorroll. The deadline for nominations is Friday, Oct. 16.

The BizTimes Milwaukee 2010 Commercial Real Estate & Development Book is published in conjunction with the seventh annual BizTimes Milwaukee Commercial Real Estate & Development Conference, to be held on Nov. 12 at Potawatomi Bingo Casino, will feature a panel discussion with some of the most renowned commercial real estate experts in the nation.

The theme for this year's conference will be, "What Now?" The conference will examine the latest trends in commercial real estate and development and explore the possibilities for the year ahead. Emphasis in the discussion will be given to successful development strategies and best practices in a recession, including adaptive reuse of properties, effective approaches to gaining access to capital, environmental sustainability and the emergence of aerotropolis development (near airports).

The panelists will share their insights about national statistics and trends and offer their perspectives about the possibilities and the limitations of the Milwaukee market.

The national experts on the panel will include:

The BizTimes Milwaukee Commercial Real Estate & Development Conference will take place Thursday, Nov. 12, at Potawatomi Bingo Casino, 1721 W. Canal St., Milwaukee.

The breakfast panel discussion will be moderated by professor Mark Eppli, Ph.D., who is the Marquette University Bell Real Estate Chair and a fellow at the Urban Land Institute. Opening remarks will be provided by Richard "Rocky" Marcoux, commissioner of the Milwaukee Department of City Development.

BizTimes Milwaukee presents the conference annually in conjunction with the Bell Real Estate Chair and the Commercial Association of Realtors Wisconsin (CARW).

More information about the conference is available at: http://www.biztimes.com/site/commercial-real-estate-development-conference

Maysteel to lease plant in Mount Pleasant
Maysteel LLC, which recently announced it will close its Menomonee Falls plant, eliminating 190 jobs, today said it has signed a new lease with HSA Commercial Real Estate and plans to move into a new assembly facility in Mount Pleasant by the end of November.

The 40,772-square-foot facility is located at 1400 International Drive in Mount Pleasant and is part of the multi-use Park 94 business development.

Maysteel has been working closely with the Racine County Economic Development Corp. on the venture and is currently working with the Racine County Workforce Development Center on the selection and application process.

For the lease, Maysteel was represented by Sam Dickman Sr. of The Dickman Company. HSA was represented by Kenneth Braden of Colliers Barry and brokers with Chicago-based Colliers Bennett & Kahnweiler.

The company plans to initially hire approximately 30 assemblers at the Mount Pleasant plant.

Maysteel is shifting much of its production to a 160,000-square-foot metal fabrication plant in Creedmoor, N.C.

Since 1965, Maysteel has been privately owned by the U.S.-based Everett Smith Group, Ltd., which has operations in the United States, United Kingdom, Mexico, South Africa, Argentina and Hungary.