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From Nashville to Janesville
CHALLENGERock Energy Systems, LLC a manufacturer of waste oil heaters founded andheadquartered in Janesville, Wisconsin, purchased a competitor located inNashville. With that acquisition came a new challenge—should they managethe new company as a satellite operation or should they consolidate bothcompanies inside...
Jan 12, 2021
305,000 SF Hufcor Facility Sells for $7.9 Million
Coldwell Banker Commercial McGuire Mears & Associates is pleased to have represented ownership in the sale of the 305,000 square foot industrial manufacturing building in Janesville, Wisconsin. Hufcor Inc, founded in 1900, designs and manufactures operable partitions worldwide. The Hufcor business was sold to a...
Aug 25, 2020
Janesville Plan Commission Approves Apartment Project
By Ashley McCallum, Janesville Gazette   The Janesville Plan Commission on Monday approved a plan to develop 260 apartment units just west of Interstate 90/39 off East Racine Street—but not without a lengthy discussion to clarify some details. Representatives from the project’s developer, Hovde Properties, had...
Jul 2, 2019
Council Discussion Suggests Openness Toward Residential TIF Deals
By Jim Dayton, Janesville Gazette While Janesville City Council members wanted more details on the use of tax increment financing for development of multifamily housing, they were all open to the idea during their meeting Monday night. The council took no action but discussed modifying city policy to give more...
Jul 24, 2018
Survey of Council Members Suggests City is Open to Residential TIF Deals
By Jim Dayton, Janesville Gazette If a project helps address Janesville’s housing shortage, and if the financial details make sense, city council members said they’re open to using tax increment financing to subsidize residential development. They stressed the council must unravel those ifs before approving any...
Jun 14, 2018
TIF Money Could Fix Janesville's Housing Shortage, Developers Say
By Jim Dayton, Janesville Gazette JANESVILLE To solve Janesville’s housing shortage, two real estate developers encouraged the city to consider using tax increment financing to spark new residential activity. That suggestion was one of the biggest takeaways from Wednesday’s community housing and development forum....
Jun 12, 2018
City of Janesville Receives $250,000 State Grant to Support Development of Downtown Project
The City of Janesville is receiving a $250,000 state grant to help finance the construction of a new downtown hotel.   The Community Development Investment Grant from the Wisconsin Economic Development Corporation (WEDC) will support the new construction of a Cobblestone Hotel & Suites, a 53-room, four-story...
Jun 5, 2018
Janesville Mall's Buyer Gives Dose of Optimism, Realism on Mall's Future
By Neil Johnson, Janesville Gazette JANESVILLE The leader of an investment group that plans to buy Janesville Mall offered local business leaders an equal dose of optimism and realism about the retail center’s future Wednesday.   Anthony Weiner, president of RockStep Capital Real Estate Investments, the Texas firm...
Jun 1, 2018
Commercial Development Company Inc Begins Demolition at Former Janesville Assembly Plant
Janesville, WI — Commercial Development Company Inc. (CDC}, a leading North American commercial real estate and brownfield redevelopment company has officially started demolition activities at the Janesville Assembly Plant. CDC purchased the retired automotive manufacturing facility from General Motors in...
May 2, 2018
CBL & Associates Properties to Sell Janesville Mall at Steep Discount
CBL & Associates Properties Inc. has struck a deal to sell the Janesville Mall at a steep discount to CBL’s purchase price of 20 years ago.   RockStep Capital, of Houston, Texas, has contracted to buy the 600,000-square-foot enclosed shopping center for $18 million, CBL said last week as it announced its latest...
Apr 30, 2018