Phoenix Investors' plans for a recently purchased plot in Normal were the topic of discussion at a lively town council meeting. After acquiring the land from a previous owner who did not pay the required development fees, Phoenix proposed a nearly $16 million investment for renovation; the Milwaukee-based company predicted the renovation will create approximately 50 jobs. Read the full article in The Pantagraph.
As published by TMCnet Reshoring involves a company moving its manufacturing assets out of China to the U.S. and often includes sourcing alternative suppliers in the United States or North America instead of Asia. COVID-19 continues to cripple international supply chains, delaying shipments from suppliers overseas. In addition, hostile trade relations between the United States and China accelerated a reshoring trend even pre-pandemic. The reshoring concept has been gaining in popularity for a number of years, and interest from manufacturers has spiked in the face ... Read More
"I have been an industrial real estate broker in Milwaukee for more than 35 years. I have seen firsthand the decline and deterioration of many large, older industrial buildings after their prior occupants either moved or shut down operations..." writes Robert Dufek in a letter to The Milwaukee Journal Sentinal. "...Clearly, Milwaukee is seeing a surge in new construction the likes of which I’ve never seen before. But that certainly does not minimize the role Crivello has played in bringing back deteriorated buildings and adding ... Read More
