Market Insights

By July, the city of Janesville could have 250 acres of newly minted TIF district land in its arsenal as city economic development officials continue to work toward a landmark greenhouse development deal on the city’s south end.

HealthNet of Rock County announced Saturday it raised $4.4 million to move staff and services to its new clinic at 113 S. Franklin St., Janesville.

The Bureau of Indian Affairs has approved placing 33 acres of land in Beloit into trust for the Ho-Chunk Nation, which is the final step in the process to start construction of a tribal casino and resort in Beloit.

Tony Boparai, owner, of Roman’s Supermarket, stand in front of his newest supermarket location at 220 Liberty Ave., Beloit. The supermarket is expected to open within a few weeks.

A warehousing company gained final approval from the city of Milton to build a commercial distribution facility in the southeast corner of the intersection of Putman Parkway and County M.

The city of Janesville aims to create another tax-increment financing district on its east side, this time blanketing a 46-acre chunk of city property adjacent to W.W. Grainger’s massive warehouse and call center complex off Enterprise Drive.

Coldwell Banker Commercial McGuire Mears & Associate is proud to congratulate Mandy Witt our Senior Agent and retail specialist who represented both the tenant and the landlord in this exciting deal.

Coldwell Banker Commercial McGuire Mears & Associates represented the ownership group in a transaction in which a 62-month lease at 1750 Putman Pkwy in Milton, WI was attained.

The city is giving a hotel development group a boost of up to $1.89 million in a 12-year tax-incentive deal in exchange for a 42,000-square-foot, 90-room Tru by Hilton hotel. The city earlier this year OK’d the construction of the new hotel in the 2700 block of Pontiac Place by a group of three developers who built the Marriott TownePlace Inn and Suites just next door. On Monday, the Janesville City Council OK’d a tax-increment financing deal of up to $1.89 million for the project.

Supervisors voted 24-1, with four absent, on Thursday to borrow $78 million over the next three years to build a new jail and law enforcement facility on the same site as the current Pinehurst facility, then tear down the existing one after move-in.