Market Insights

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.

The proposed greenhouse operation would be a massive glass box that could cover 1.57 million square feet—about 36 acres—in what’s now part of a pheasant farm at highways 11 and 51.

All seven Janesville City Council Members endorsed an ad-hoc panel’s recommendations to divvy up $2 million in a new city of Janesville “Pay it Forward” grant program eight ways for eight local nonprofit projects.

On Monday, the Janesville City Council, in its final meeting before reorganizing after the April 5 election, breezed through approval of three related tax-increment financing deals that would total $4.7 million in land, loans and job creation incentives in a plan to bring 786,000 square feet of warehousing and manufacturing space to the city’s south end.

A 175-acre swath of land on Janesville’s south side that for decades has housed part of a local pheasant farm could house a new, landmark development—one that would start with a hydroponic industrial greenhouse operation but later could include new homes and apartments and several parcels geared for light- to medium-duty industry.

An architectural rendering shows the exterior of the proposed Woodman’s Community Center, the ice arena and indoor sports complex the city and a private-sector group hopes to build at Uptown Janesville at the site of the former Sears department store. The Janesville City Council voted Monday to authorize the city buying the former Sears from the mall’s owner for $1 plus closing costs.

The city of Janesville is asking the council on Monday to authorize the city to buy the former Sears, which is on land that’s the footprint of the proposed Woodman’s Community Center, a two-sheet ice arena and conference center the city and a private group are considering building.

The owner of the lot at the corner of Humes Rd and Milton Ave said a Chili's will be built there. It previously was a Perkins restaurant that closed in August 2019. The building was demolished in August 2021.