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What Happened with Milwaukee Industrial Pricing in the First Quarter of 2018?
Milwaukee industrial pricing decreased through the first quarter of 2018. This comes after four consecutive years of pricing increases, which boosted Milwaukee’s average price per square foot to more than $41 by the end of 2017. But is this a fluke...

IKEA’s First Wisconsin Store Delivers in Oak Creek
IKEA completed construction on its first ever Wisconsin store at 7500 S. IKEA Way in Oak Creek. This facility will be the Swedish furniture retailer’s 48th U.S. location to date. Construction on the 293,000-square-foot freestanding building began last...

Gateway Investment Picks Up 32,000-SF Racine Office Bldg. in Value-Add Play
Chicago-based Gateway Investment Partners acquired a 31,638-square-foot office building in Racine, WI from Ranieri Partners for $2.7 million, or about $85 per square foot. Built in 2002, the two-story office is located on a 2.8-acre site at 5439 Durand...

Manitowoc Sells Former Global HQ
Credit: The Manitowoc Co., Inc. The Manitowoc Co., Inc. (NYSE: MTW), a global manufacturer of cranes and lifting solutions, has closed on the sale of its former global headquarters at 2400 S. 44th St. in Manitowoc, WI, months after announcing the firm...

Undisclosed Buyer to Pay $483M for SuperValu Distribution Centers
A single buyer is snapping up eight distribution centers totaling approximately 5.8 million square feet in a $483 million sale-leaseback deal with Eden Prairie-based grocery wholesaler and retailer SuperValu. SuperValu announced the deal on Monday...

Downtown Milwaukee Leading the Way in Apt. Units Under Construction
Milwaukee’s multifamily market is gearing up for a record amount of units to deliver this year. Nearly 5,000 units are under construction spanning the Milwaukee suburbs and Downtown. While Downtown is leading the way in new construction, certain Milwaukee...

CoStar Market Insights: State of Wisconsin Pays $29 Million for Madison WHEDA Commerce Center
Tommy G. Thompson WHEDA Commerce Center at 201 W. Washington Ave. in Madison, WI. One of Madison’s largest individual sales in recent years closed last month. The State of Wisconsin, which currently occupies more than 100,000 square feet within the...

Bon-Ton Loses Fight To Remain Open
Bankrupt department store chain The Bon-Ton Stores Inc. has lost its fight to remain open. A joint venture composed of the chain's debtholders, Great American Group and Tiger Capital Group, will acquire the inventory and other assets of the company and...

Griffin-American Healthcare REIT IV Picks Up Sauk Prairie MOB for $19.4 Million
Credit: Kahler Slater Griffin-American Healthcare REIT IV, a co-sponsored fund by American Healthcare Investors and Griffin Capital Co. LLC, bolstered its 43-property portfolio with the acquisition of the Sauk Prairie Medical Office Building in Prairie...

Cellular Dynamics Takes 27,000 SF in Madison
Cellular Dynamics International, a human cell developer and manufacturer, leased 27,339 square feet at the University of Wisconsin Research Park facility at 465 Science Dr. in Madison, WI. The tenant will occupy the entire two-story buildling, expanding...

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