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With inventory low, demand for condos in Milwaukee rises

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With inventory low, demand for condos in Milwaukee rises


MILWAUKEE — Take a stroll via downtown Milwaukee, particularly within the metropolis’s Historic Third Ward neighborhood, and the abundance of condos appears infinite.

A lot of the Milwaukee River is lined with apartment buildings for greater than a mile. Nonetheless, discovering a apartment stays difficult due to a scarcity of stock. 

Chris Corley owns Corley Actual Property, a agency specializing in shopping for and promoting condos. Corley stated that, just like the housing market as an entire, condos have been promoting rapidly over the previous two years.

He stated that whereas many new housing development initiatives are happening within the metropolis, virtually all are residences reasonably than condos. 

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“It has come to a screeching halt,” stated Corley. “The final main constructing was in 2009 The Breakwater, then the Moderne in 2012, with a dozen models there, however nothing since.”

With few new models on the market, consumers are clamoring for the comparatively few beforehand owned models on the market. Usually, Corley stated about 200 condos can be in the marketplace at any given time in Milwaukee. At present, he estimates about 120 are in the marketplace, with a lot of these already contingent. 

“Usually, issues have been coming in the marketplace comparatively rapidly, promoting rapidly, a whole lot of time over asking value,” Corley stated.

Kevin Rutkowski and his spouse have seen each side of the apartment market in latest months. Rutkowski owns a one-bedroom apartment in downtown Milwaukee, however is planning a transfer to Tampa, Florida later this 12 months. Regardless of having a one bed room in the next value level, elements that typically make it harder to promote, Rutkowski was capable of promote his apartment rapidly.

Nonetheless, shopping for a brand new apartment was tougher, with costs sky-high in Florida. 

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“The Florida market is basically costly to get into,” he stated. “For a small place, it could run wherever from $400,000 to $800,000.”

Chris Corley believes the apartment market in Milwaukee will stay extremely aggressive till new initiatives are constructed. Whereas many models are nonetheless promoting for over asking value, he stated greater rates of interest in latest months have been cooling demand a bit within the metropolis. ​



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Milwaukee, WI

Milwaukee man killed, family heartbroken before the holidays: 'He didn’t deserve this'

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Milwaukee man killed, family heartbroken before the holidays: 'He didn’t deserve this'


Nasif Bowie (photo provided by family)

Heartbroken before the holidays, the family of a 25-year-old Milwaukee man is looking for justice after he was shot and killed Thursday night on the city’s northwest side.

Loved ones of Nasif Bowie told FOX6 News he was near Houston and Congress celebrating a “Friendsgiving” when someone shot both him and his friend. They want the person responsible to be arrested.

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“I never imagined nothing like this would happen to him, ever,” said Rickell Lovley, Bowie’s sister. “He didn’t deserve this. He had so many people who cared about him.”

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Police said the shooting happened just before 9:30 p.m. One person – since identified as Bowie – died at the scene. A 23-year-old was seriously wounded.

Scene at Houston and Congress, Milwaukee

“He had such a bright future,” said friend Zarieanna McCoy. “He really was on his business. He went to school, got his degree, he wanted to go into real estate, he was doing a notary business.”

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Family members said there are still a lot of unanswered questions.

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“He was just at the wrong place, wrong person there at the time,” Lovley said.

Saturday, loved ones returned to the area and sent off a sea of balloons and a swarm of goodbyes. McCoy said the prayer now is to find the person responsible.

“Just really hoping that we can get justice for him and his family,” she said.

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Balloon release for Nasif Bowie near Houston and Congress

They are balancing that plea for accountability with the pain of trying to understand their loss.

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“He didn’t deserve this,” Lovley said. “I’m so sorry that this happened to him.”

At last check, police are still looking for whoever is responsible. Anyone with information is asked to call MPD at 414-935-7360; to remain anonymous, call Crime Stoppers at 414-224-TIPS or use the P3 tips app.



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Milwaukee, WI

USS Beloit naval warship commissioned in Milwaukee

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USS Beloit naval warship commissioned in Milwaukee


A new naval warship was commissioned at Milwaukee’s Veterans Park on Saturday, Nov. 23.

The USS Beloit, a littoral combat ship (LCS), is roughly 380 feet long and will house 88 crew members. Ships of this kind are made up in Marinette, Wisconsin. They cost roughly $500 million to build.

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As the ship’s sponsor, retired Army Maj. Gen. Marcia M. Anderson will lead the time-honored Navy tradition of giving the order during the ceremony to “Man our ship and bring her to life!” At that moment, the commissioning pennant is hoisted, and the Beloit becomes a proud ship of the fleet.

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This is the first naval ship to be named after the Wisconsin city, Beloit. 

Once it is commissioned, the USS Beloit will call Jacksonville, Florida its home port.



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Milwaukee, WI

NBA Cup: Giannis Antetokounmpo stars as Milwaukee Bucks win again

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NBA Cup: Giannis Antetokounmpo stars as Milwaukee Bucks win again


Giannis Antetokounmpo recorded his second triple-double of the season as the Milwaukee Bucks led wire-to-wire to beat the visiting Indiana Pacers.

The NBA’s two-time Most Valuable Player claimed 37 points, 10 rebounds and 11 assists as the Bucks won 129-117 on Friday to improve to a 2-0 record in the NBA Cup.

Damian Lillard added 24 points and 13 assists for his third straight double-double, and the result means Milwaukee have won five of their last six since opening the season with a 2-8 record.

They had six players in double figures for points, with Antetokounmpo, 29, recording his 47th career triple-double.

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Jaylen Brown had 31 points and 11 rebounds to lead the Boston Celtics to a 108-96 win at the stubborn Washington Wizards.

Jayson Tatum and Jrue Holiday added 16 points each for last season’s NBA champions, who have won three straight overall and are 2-1 in the NBA Cup.

James Harden had 22 points and nine assists as the Los Angeles Clippers extended their winning streak to four games with a 104-88 victory against the visiting Sacramento Kings.

The Clippers were without leading scorer Norman Powell because of a hamstring strain and are now 1-1 in the in-season tournament, which concludes next month with the semi-finals and championship game being played in Las Vegas.

Last season’s MVP Nikola Jokic returned for the Denver Nuggets after missing three games for the birth of his second child and had a triple-double of 33 points, 17 rebounds and 10 assists.

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However, that was not enough to stop the Nuggets losing 123-120 at home to the Dallas Mavericks, for whom Naji Marshall scored a career-high 26 points in the absence of Luka Doncic, who will miss at least four games because of a wrist injury.

Jared McCain declared to the crowd that he is “the rookie of the year” after scoring a three-pointer in the Philadelphia 76ers’ 113-98 win over the visiting Brooklyn Nets.

The 20-year-old, who was the 16th overall draft pick in June, scored 30 points as the Sixers halted a five-game losing streak, despite playing without Joel Embiid and Paul George.

McCain posted his seventh consecutive game scoring 20-plus points, joining Embiid, Allen Iverson, Jerry Stackhouse and Lee Shaffer as the only rookies in franchise history to accomplish that feat,



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