Industries

The 104-year-old Design Center building, located at 1119-25 N. Water St. in downtown Milwaukee was sold recently by BMO Harris Bank to Fransville, Wis.-based 1119 N. Water LLC for $1.07 million, according to state records.

As we watch the unfunny circus over the federal budget in the Capitol, it is hard to fathom either side’s position.

Menomonee Falls-based Actuant Corp. today reported fiscal fourth quarter net earnings of $58.3 million, or 78 cents per share, up from a net loss of $16.5 million, or 22 cents per share, in the same period a year ago.

Chad Tisonik has been named president of HNI Risk Services in Wisconsin.

Eden Prairie, Minn.-based The Timm Corp. recently purchased the Holiday Inn Express hotel at 15451 W. Beloit Road in New Berlin from Whitewater-based Hotel and Conference Center LLP for $4.15 million, according to state records.

Wauwatosa-based commercial real estate firm Irgens recently purchased the 66-acre Ruby Farms site in Brookfield for $10.17 million, according to state records. The property is located north of I-94 west of Calhoun Road and south of Bluemound Road.

The Common Ground Healthcare Cooperative, a nonprofit organization selling health insurance plans on the new Affordable Care Act-created health insurance marketplaces, officially launched today, with some of its early adopters reporting they are saving costs for employee health care.

The federal government is closed, and the Affordable Care Act is open.

Racine-based Modine Manufacturing Co. a diversified global leader in thermal management technology and solutions, announced it has entered into exclusive negotiations to acquire privately held Barkell Limited, a manufacturer of custom built air handling units located in Consett (County Durham), United Kingdom.

Pereles Bros. Inc., a Milwaukee-based plastic injection molding company, has been purchased through an equity buyout by business partners Steve Iram and Jim Gannon.