Wisconsin

MAUSTON AND RACINE, WIS. — CBRE has arranged the sale of Riverwood Apartments and Biscayne Apartments, two multifamily properties totaling 112 units in Mauston and Racine, for $10.1 million. An Iowa-based multifamily investor and developer purchased the assets from an Iowa-based multifamily investor. CBRE’s Max Colby, Sean Beuche, Matson Holbrook, Patrick Gallagher and Gretchen Richards represented the seller. Riverwood Apartments is proximate to I-90 and minutes away from Decorah Lake. Built in 1994, the 32-unit property features a mix of one-, two- and three-bedroom floor plans. Biscayne Apartments is located …

BROOKFIELD, WIS. — Mandel Group has sold PrairieWalk, a 56-unit community located in Brookfield, roughly 13 miles west of Milwaukee, to Breneman Capital for an undisclosed price. The two-building property features one- and two-bedroom units. Amenities include community rooms, outdoor grills and pet stations. Mandel Group Inc. developed the asset, which was built in 2015. Jordan Multack of Greenstone Partners represented the buyer and the seller in the deal.

MAUSTON AND RACINE, WIS. — CBRE has arranged the sale of Riverwood Apartments and Biscayne Apartments, two communities totaling 112 units, for $10.1 million. An Iowa-based multifamily investor and developer purchased the assets from an Iowa-based multifamily investor. CBRE’s Max Colby, Sean Beuche, Matson Holbrook, Patrick Gallagher and Gretchen Richards represented the seller. Riverwood Apartments is located in Mauston, 70 miles northwest of Madison, Wisconsin. The property is situated just under two miles from Decorah Lake. Built in 1994, Riverwood Apartments consists of 32 units, which come in one-, two- …

WEST BEND, WIS. — Hendricks Commercial Properties has sold Cast Iron Luxury Living, a 129-unit community in West Bend, about 39 miles northwest of Milwaukee. The community offers a range of studio through three-bedroom units. Amenities include a business center, club and media room, garage parking, car spa and a self-service canteen convenience shop. The property was formerly home to The West Bend Co., a cookware and appliance manufacturer that had occupied the site since 1911. The asset was renovated in 2015 and converted into a mixed-use community in 2017. …

FITCHBURG, WIS. — CBRE has arranged the sale of The Pines and The Fairways, two properties totaling 674 units in Fitchburg, a southern suburb of Madison. FPA Multifamily LLC purchased the assets from E.J. Plesko & Associates Inc. affiliated entities for an undisclosed price. CBRE’s Gretchen Richards, Patrick Gallagher, Matson Holbrook, Sean Beuche, Abe Appert, Keith Collins and Ted Abramson represented the seller. The Pines is located at 2302 High Ridge Trail near the southeastern end of Nine Springs Golf & Disc Golf Course. Built in 1978, the 305-unit property …