News Summary
George Oliver, former CEO of Johnson Controls, has sold his downtown Milwaukee condominium at the University Club Tower for $2.2 million. The luxury condo features two bedrooms and 2.5 bathrooms, highlighting the dynamic Milwaukee real estate market. The buyer is Harris Turer, CEO of the Milwaukee Admirals, indicating increasing investment interest from prominent business leaders in the area. This transaction not only marks a personal transition for Oliver but also reflects the city’s ongoing transformation and appeal in the higher-end real estate segment.
Milwaukee – George Oliver, the former CEO of Johnson Controls, has sold his condominium at the University Club Tower in downtown Milwaukee for $2.2 million, according to state records. The condominium features two bedrooms and 2.5 bathrooms and has an assessed value of $2,064,900.
The University Club Tower, where the condo is located, is a modern 37-story building constructed in 2007, offering a total of 53 residential units. This prime location in downtown Milwaukee attracts residents with its luxury amenities and proximity to the city’s cultural and business centers.
Oliver served as CEO of Johnson Controls starting in 2017, having previously held the role of president and COO. He played a significant role in overseeing the integration of Johnson Controls and Tyco following their $16.5 billion merger in 2016. Prior to leading Johnson Controls, Oliver was the CEO of Tyco and had been a board member during his tenure. His journey with Tyco began in 2006, where he took on the position of president of Tyco Safety Products.
Oliver stepped down as CEO of Johnson Controls in March 2025 but continued to serve as non-executive chairman of the board until July 31, 2025. He will remain associated with the company as an advisor to assist in the leadership transition until December 31, 2025.
Johnson Controls, originally founded in the United States, is now based in Ireland but maintains its operational headquarters in Glendale, Wisconsin. This company specializes in smart building technologies and energy efficiency solutions, and has become a key player in its industry.
In a notable aspect of the condo’s new ownership, Harris Turer, the owner and CEO of the Milwaukee Admirals hockey team, acquired Oliver’s condominium. Turer has a reputation as a prominent businessman in Milwaukee, leading a group that purchased the Admirals in April 2005. His influence in the local sports scene extends to being a minority owner of the Milwaukee Brewers since late 1996.
The transaction underscores a dynamic shift in Milwaukee’s real estate market, especially at the higher end, drawing the attention of successful business leaders. The University Club Tower remains a desirable location for affluent buyers like Oliver and Turer, reflecting ongoing investment interest in the urban landscape of Milwaukee.
As the city continues to evolve with various business initiatives and developments, the sale of Oliver’s condo marks a significant event in Milwaukee’s ongoing transformation into a bustling hub for both commerce and lifestyle.
This property deal not only indicates a personal transition for Oliver but also signifies the robust market activity in Milwaukee, inviting further potential investments from both local and national figures.
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Additional Resources
- BizTimes: Former Johnson Controls CEO Sells Condo
- Johnson Controls: Commitment to Workforce Development
- PR Newswire: Johnson Controls Heat Pumps
- Wikipedia: Johnson Controls
- Johnson Controls: Inclusion Initiatives
- Google Search: Milwaukee Real Estate Market
Author: STAFF HERE MILWAUKEE WRITER
MILWAUKEE STAFF WRITER The MILWAUKEE STAFF WRITER represents the experienced team at HEREMilwaukee.com, your go-to source for actionable local news and information in Milwaukee, Milwaukee County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Summerfest, Milwaukee Film Festival, and the Milwaukee Boat Show. Our coverage extends to key organizations like the Metropolitan Milwaukee Association of Commerce and Visit Milwaukee, plus leading businesses in manufacturing and brewing that power the local economy such as Harley-Davidson and MillerCoors. As part of the broader HERE network, we provide comprehensive, credible insights into Wisconsin's dynamic landscape.
