Friday, June 26, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Wisconsin

IndustrialMarket ReportsMidwestMidwest Market ReportsWisconsin

Southeastern Wisconsin Industrial Market Finds its Footing in 2026

by Kristin Harlow

By Jim Larkin, Kyle Fink and Dylan Brown, Colliers After several years of outsized growth, southeastern Wisconsin’s industrial market entered a more balanced phase to begin 2026. While headline metrics such as vacancy and absorption have shifted from their pandemic-era peaks, the underlying fundamentals remain intact. Based on what we are experiencing across active deals and client conversations, this is less of a slowdown and more of a recalibration, one that ultimately supports long-term stability across the region. After many years on an unprecedented pace, the market is settling down into a more disciplined environment where decisions are more thoughtful, and fundamentals are driving activity again. From our perspective, that’s a positive shift that positions southeastern Wisconsin for long-term stability. Year-end 2025 data points to a market that is adjusting, not retreating. Vacancy rates increased modestly, rising to approximately 7.8 percent across southeastern Wisconsin. At first glance, that shift may appear significant given how tight conditions had become. This shift is largely driven by new big box supply entering the market rather than weakening demand. With more than 3 million square feet delivered in 2025 — most started during peak market conditions — an increase in vacancy is a natural …

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestMultifamilyWisconsin

CBRE Brokers $7.1M Sale of Bayside Townhomes in Kenosha, Wisconsin

by Kristin Harlow

KENOSHA, WIS. — CBRE has brokered the $7.1 million sale of Bayside Townhomes, a 32-unit multifamily community in Kenosha. CBRE’s Matson Holbrook, Gretchen Richards and Sean Beuche represented the seller, Bayside Townhomes LLC. Campbell Creek Communities LLC was the buyer. Bayside Townhomes is located at 1523 Sheridan Road, proximate to Carthage College and the Lake Michigan waterfront. The property, which features three-bedroom floor plans averaging 1,500 square feet, was fully occupied at the time of sale.

Continue Reading
FacebookTwitterLinkedinEmail
Market ReportsMidwestMidwest Market ReportsRetailWisconsin

Suburban Momentum Reshapes Milwaukee’s Retail Landscape

by Kristin Harlow

By Brian Vanevenhoven and Joseph Ziolkowski, Newmark The metro Milwaukee retail market remains strong, supported by historically low vacancy rates. Elevated construction costs — and the resulting pressure on rents — continue to limit new construction, keeping inventory low and occupancy high. The western suburbs have the lowest vacancies in the region and are seeing robust demand for available space. While the urban core continues to face challenges, the Historic Third Ward remains a bright spot, benefiting from favorable demographics and a cultivated consumer base driving strong retail sales.   Recent data underscores this trend. While Milwaukee County saw modest population growth in 2025, surrounding suburban counties are expanding at a faster pace, according to CoStar Group. Waukesha County alone has added more than 10,000 residents since 2020, according to the U.S. Census Bureau. This outward migration — driven by affordability, schools and lifestyle preferences — is creating new pockets of retail demand across the metro area. Drivers of growth Several factors are fueling suburban retail expansion. The continued strength of experiential retail, particularly in the fitness and wellness sector, is the most notable driver. Concepts such as Crunch Fitness and Planet Fitness have been among the most active tenants, …

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestMultifamilyWisconsin

Marcus & Millichap Brokers Sale of 160-Unit Multifamily Property in Kenosha, Wisconsin

by Kristin Harlow

KENOSHA, WIS. — Marcus & Millichap has brokered the sale of Orchard Courts Apartments, a 160-unit multifamily property in Kenosha. The community is situated on 32 acres, approximately 20 of which are available for potential future development. Positioned adjacent to the University of Wisconsin-Parkside, the property offers a mix of studio, one- and two-bedroom units totaling 91,144 rentable square feet. Built in 1965 and 1967, the asset has received more than $1.1 million in capital improvements completed over the past 24 months, including upgrades to boilers, windows, sliding glass doors and roofs. Jake Lenti, Ryan Engle and Andrean Angelov of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors.

Continue Reading
FacebookTwitterLinkedinEmail
Build-to-RentLoansMidwestSingle-Family RentalWisconsin

Associated Bank Provides $8.8M Construction Loan for Build-to-Rent Community Near Milwaukee

by Kristin Harlow

GRAFTON, WIS. — Associated Bank has provided an $8.8 million construction loan for The Carillon at Grafton, a build-to-rent community in Grafton, about 22 miles north of downtown Milwaukee. Cirrus Property Group was the borrower. The project site is a 5.2-acre vacant lot at the intersection of Hunters and Mountain lanes, just west of Port Washington Road. The development will consist of 34 units across 10 buildings with 28 two-bedroom units and six three-bedroom residences. All homes will feature open floor plans, first-floor primary suites and a private fenced-in backyard with a one- or two-car attached garage. Construction is underway, and the first units are slated for occupancy in early 2027. Danielle Maletzke of Associated Bank managed the loan arrangements and closing.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentHospitalityMidwestWisconsin

Pyramid Global Hospitality Opens 208-Room Dellshire Resort in Wisconsin

by Kristin Harlow

WISCONSIN DELLS, WIS. — Pyramid Global Hospitality has opened Dellshire Resort, a 208-room property in Wisconsin Dells within south central Wisconsin. The hotel marks the area’s first new-build resort in more than two decades, according to Pyramid. The medieval-themed property features guestrooms and suites as well as Serpent’s Bay, an indoor-outdoor aquatic complex with five pool and splash experiences, including an adults-only swim-up bar. The tavern-style Blade & Barrel anchors the five food-and-beverage outlets. Hero’s Hall features arcade games and a private party room, while dedicated meeting and event facilities are available for groups and corporate retreats. A 70-foot-long fire-breathing dragon named Golspar welcomes guests at the entrance. Las Vegas-based metal sculptor Kevin Stone created the nearly 17,000-pound structure. The two-story entrance to the property is framed by cathedral-style windows. A compass is inlaid into the lobby floor, and shields are displayed across the stone walls to pay homage to the characters of the Legends of Dellshire Mixed Reality Adventure, the resort’s signature attraction. Dellshire Resort is part of Benchmark Resorts & Hotels, a collection of independent resorts and hotels by Pyramid. Rooms start at $200 per night.

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentIllinoisIndianaLoansMichiganMidwestMinnesotaMultifamilyWisconsin

Cinnaire Closes $307M LIHTC Equity Fund for 2,259 Affordable Housing Units Across 10 States

by Kristin Harlow

LANSING, MICH. — Lansing-based Cinnaire has closed a $307 million Low-Income Housing Tax Credit (LIHTC) equity fund, Fund for Housing LP 45, which will finance the creation and preservation of 2,259 affordable housing units across 27 properties in 10 states. Fund 45 will support multifamily development in Delaware, Illinois, Indiana, Maryland, Maine, Michigan, Minnesota, Pennsylvania, Virginia and Wisconsin. Specific projects include 3rd Avenue Flats in Dilworth, Minn., and The Argus Apartments in Verona, Wis. A new-construction development, 3rd Avenue Flats will bring 44 affordable housing units, five of which will be reserved for people with disabilities and four of which will be designated for households experiencing high-priority homelessness. The developer, Commonwealth Holdings IV, will partner with Lakes & Prairies Community Action Partnership to provide access to the state’s community coordinated entry system CARES, which provides access to all homeless housing programs as well as emergency resources to prevent households from falling into homelessness. The Argus Apartments is also a new development that will provide 60 affordable housing units, including nine reserved for individuals with developmental, physical or mental disabilities. Social services provider Lutheran Social Services will provide onsite services to the nine Permanent Supportive Housing units. The project developers are …

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialMidwestMinnesotaWisconsin

JLL Brokers $50.5M Sale of Industrial Portfolio in Metro Minneapolis, Milwaukee

by Kristin Harlow

MINNEAPOLIS AND MILWAUKEE — JLL Capital Markets has brokered the $50.5 million sale and secured acquisition financing for the Midwest Distribution Portfolio, a collection of four industrial properties totaling 608,316 square feet across the Minneapolis and Milwaukee metro areas. The fully occupied portfolio includes a 265,516-square-foot distribution center in Lino Lakes, Minn., two buildings totaling 141,750 square feet in Pewaukee, Wis., and a 201,050-square-foot complex in Milwaukee adjacent to the airport. The properties are home to nine tenants across sectors such as merchant wholesalers, apparel, motor freight distribution and air freight services. The facilities feature clear heights ranging from 22 to 30 feet with more than 70 loading positions. Colin Ryan, David Berglund and Ed Halaburt of JLL, along with Tom Shepherd of Colliers represented the seller, Biynah Industrial Partners. Matthew Schoenfeldt and Lucas Borges of JLL arranged the financing.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestRetailWisconsin

Marcus & Millichap Arranges $8.2M Sale of Retail Center in Stevens Point, Wisconsin

by Kristin Harlow

STEVENS POINT, WIS. — Marcus & Millichap has arranged the $8.2 million sale of Northpoint Shopping Center, an 11-suite retail strip center in Stevens Point, a city in central Wisconsin. Built in 1968, the 62,956-square-foot property is fully occupied by tenants such as Dollar Tree, Anytime Fitness, U.S. Cellular and Firehouse Subs. The asset is within walking distance of the University of Wisconsin-Stevens Point. Dan Bowar of Marcus & Millichap procured the buyer, Hastings Properties LLC.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialMidwestWisconsin

Zilber Acquires 208,000 SF Industrial Property in Little Chute, Wisconsin

by Kristin Harlow

LITTLE CHUTE, WIS. — Zilber Property Group has acquired a 208,000-square-foot industrial building in Little Chute, about 25 miles southwest of Green Bay. Constructed in 1997 and renovated in 2010, the property is fully occupied by Progressive Converting Inc., an independent paper converter. The acquisition marks Zilber’s first in the Fox Valley area. The company now owns and manages nearly 10 million square feet across more than 50 industrial buildings in Wisconsin.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts