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Market Trend: Milwaukee's Industrial Vacancy Decreases to 4.5%
The Milwaukee Industrial market ended the second quarter 2017 with a vacancy rate of 4.5%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 1,690,806 square feet in the second quarter. That compares to positive...

Apple iPhone Supplier to Build $10 Billion Plant in Wisconsin
Making good on plans to invest billions of dollars in U.S. facilities, Taiwan-based Foxconn Technology Group, the world's largest contract electronic components supplier and global manufacturer of Apple's iPhone, among other brands of devices, on Wednesday...

Landlords Force Skilled Nursing Facility Operator Fortis Management Group into Receivership
Landlords have reached a consensual agreement to have a receiver appointed for Fortis Management Group, which defaulted on master leases this past spring covering 65 health care facilities in the upper Midwest, becominig the latest post-acute/skilled...

Waikato Leases 30,000 SF in Fair Verona
Waikato, a leading designer and manufacturer of dairy technology, signed a five-year lease for 29,928 square feet in the industrial building at 275 Investment Ct. in Verona, WI. Built in 2003, the building will be fully occupied by the tenant. The...

Couche-Tard Acquiring 500-Convenience Store Player in the Upper Midwest
Alimentation Couche-Tard Inc. (TSX: ATD.A/ATD.B) signed an agreement with Holiday Corp. to acquire its Holiday Stationstores Inc., a convenience store operator in the Upper Midwest U.S., whose assets include over 500 company operated and franchise locations...

Physicians Realty Raises Money to Buy $800 Million in Medical Office Properties
Physicians Realty Trust (NYSE:DOC) closed a public offering of its common stock to raise $391 million - money it expects to use to acquire 18 health care properties in eight states, totaling 1.8 million net leasable square feet. The properties have for...

Hansen Storage Sells Hillcrest Business Center Bldg
Network Investments LLC purchased the flex building at 1725 Dolphin Dr. in Waukesha, WI for $2.74 million, or about $55 per square foot, from Hansen Storage. The 50,250-sqaure-foot building was constructed in 2005 in the Hillcrest Business Center....

Dwyer Promoted to VP, Commercial Division at Ogden & Co
Ogden & Company, Inc. has promoted Timothy Dwyer to vice president of its commercial division in the firm's Milwaukee, WI office. Dwyer has been with Ogden since 2011, most recently as a commercial real estate broker, managing Section-42 and market...

Market Trend: Select Top Three Milwaukee Office Leases Signed in Q1 2017
The select top office lease signed during the first quarter of 2017 in the Milwaukee market was at Mayfair Woods Office Building in the Mayfair / Wauwatosa submarket. Irgens Partners represented the landlord in a 27,494-square-foot lease there. Pro...

BGC's Lutnick Targets Fourth Quarter for Spin-Off of Newly Rebranded Newmark Knight Frank as Separate Publicly Traded Company
Howard Lutnick, chairman and chief executive of Newmark Knight Frank parent company BGC Partners, Inc., (Nasdaq: BGCP), this week said he expects the planned spin-off of Newmark as a separate publicly traded company to occur in the fourth quarter....

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