Industries

Malvern, Pa.-based Liberty Property Trust, a real estate investment trust, held a groundbreaking ceremony Tuesday to celebrate the start of construction of a 171,114-square-foot speculative industrial building at 10020 S. Reinhart Dr. in Oak Creek.

Local construction labor, material and equipment costs in the Milwaukee area have increased 5.8 percent year-over-year compared to 3.9 percent growth nationally, according to Mortenson Construction's quarterly Construction Cost Index report, released today.

Second and Galena streets will reopen to traffic Wednesday in the Schlitz Park office complex, located just north of downtown Milwaukee, as construction work on the streets comes to a close.

BizTimes Media has launched an awards program to call attention to the region’s top corporate citizens and most effective nonprofit organizations.

Milwaukee-based Douglas Dynamics Inc. today reported second quarter net income of $14.6 million, or 64 cents per share, up sharply from $5.9 million, or 26 cents per share, in the second quarter of 2013.

Menomonee Falls-based Magnetek Inc. today reported second quarter net income of $2.3 million, or 70 cents per share, up from $1.2 million, or 36 cents per share, in the same period a year ago.

Racine-based Twin Disc Inc. today reported fiscal fourth quarter net earnings of $2.3 million, or 21 cents per share, up from $47,000, or 0 cents per share, for the same quarter a year ago.

Blue Harbor Resort & Spa, located on the lakefront in Sheboygan, announced that today it is opening a new indoor glow-in-the-dark miniature golf course called The Lost Temples, located above the resort's 43,000-square-foot Breaker Bay Waterpark.

Racine-based Johnson Financial Group has appointed Kevin Tan as chief investment officer.

Milwaukee-based Journal Communications Inc. and Cincinnati-based The E.W. Scripps Company have agreed to merge their broadcast operations and spin off and then merge their newspapers, creating two focused and separately traded public companies.