Urban Innovations' investment management affiliate, North Wells Capital, is pleased to announce the purchase of 331 West Wisconsin, a 428,652 square foot mixed-use building located in the heart of Downtown West Milwaukee Business District. Howard R. Conant Jr., President of Urban Innovations, commented, "We're excited about the acquisition of 331 West Wisconsin because it is both a continuation of the Urban Innovations operating model and our first acquisition in Milwaukee, a market we're really enthusiastic about."

Urban Innovations is pleased to announce that it has completed the sale of two office buildings in the West Loop/Greektown neighborhood of Chicago. UI worked in conjunction with consultants from CBRE on this sale of the 62,400 SF building located at 833 W. Jackson Boulevard and the 91,100 SF property located at 322 S. Green Street. The buyer was selected during a competitive six-month bid process.

UI is an active participant in the city’s Retrofit Chicago Commercial Buildings Initiative aiming to reduce commercial building energy use by 20% over the next five years. With the help of the Environmental Defense Fund, Urban Innovations has reduced energy use annually by 990,000 kilowatt hours of electricity, saving $70,000 a year.

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On October 21, Environmental Defense Fund (EDF) announced the findings from EDF Climate Corps in Chicago, a program surfacing scalable energy solutions for multi-tenant commercial buildings in the city. Urban Innovations tasked its EDF Climate Corps fellow with developing an automated, capital budgeting tool that allowed UI to refine its budgeting process and drive significant energy and cost saving efforts.