Real Estate

At a recent neighborhood meeting, Dermond Property Investments unveiled its plans for a five-story apartment building that it plans to build in Milwaukee’s Bay View neighborhood.
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Milwaukee County and the City of Milwaukee have filed a lawsuit in Milwaukee County Circuit Court seeking a declaratory judgement in an attempt to finally end a lengthy debate about the development rights of the Downtown Transit Center site near the lakefront.
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Demolition work began today on former Walgreens and Harry W. Schwartz Bookshop buildings on Oakland Avenue in Shorewood. Those buildings and the Pick ‘n Save store building at 4145 N. Oakland Ave. will be replaced by a mixed-use development that will include an 85,000-square-foot, two-level Metro Market grocery store, 15,000 square feet of additional retail space, 80 apartments and a parking garage.
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Home sales in Wisconsin fell 3.7 percent in January, compared to January of 2014, but median home sale prices during the month rose 6.5 percent to $135,000, according to the latest report from the Wisconsin Realtors Association.
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A 192,160-square-foot industrial building in Sussex, occupied by the corporate headquarters of QuadMed, was sold recently to a New York-based investment group for $8.4 million, according to state records.
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Construction work on the long planned redevelopment project to convert vacant floors into apartments at the historic Pritzlaff Building complex near downtown Milwaukee is expected to begin in May or June, according to developer Kendall Breunig, owner of Sunset Investors.
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Techteriors, a full-service audio/video, electrical and networking company, has nearly doubled its space with a lease renewal and expansion for at 12308 N. Corporate Drive in Mequon.
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