Industries

Boston-based STAG Industrial Inc. purchased the 204,500-square-foot building at 5600 S. Moorland Road in New Berlin, which is occupied by a Quad/Graphics Inc. commingling center, for $9.28 million, according to state records. The deal was recorded Monday.

The former Metropolitan Cadillac dealership at 10221 W. Arthur Ave. in West Allis sold recently for $2 million to an Illinois real estate investment group, according to state records.

UMB Fund Services has signed a lease for 88,000 square feet of office space at the Schlitz Park office complex in downtown Milwaukee and will move there next year from its current downtown location at 803 W. Michigan St., owned by Zilber Property Group, executives with Schlitz Park and UMB announced Tuesday. UMB has signed a 10-year lease at Schlitz Park.

In October, 600 Northwestern Mutual Life Insurance Co. employees will vacate the East Building on its downtown Milwaukee corporate headquarters campus.

The Harmony Initiative, a collaboration of the Milwaukee Ballet Company, the University of Wisconsin-Milwaukee Peck School of the Arts and the Medical College of Wisconsin, no longer plans to build a facility at the site of the Marcus Center for the Performing Arts parking structure at Water and State streets. Now the initiative plans to establish operations in the former Laacke & Joys buildings at 1421-33 N. Water St. in downtown Milwaukee.

Sales up for area remodelersA recently completed member survey conducted for the Milwaukee/NARI (National Association of the Remodeling Industry)...

A bill is being proposed today in Madison to increase the speed limit in Wisconsin to 70 mph. Do you think that’s a good idea?

Oak Creek-based Nordco Inc. has been acquired by Greenbriar Equity Group LLC, a New York-based private equity firm that targets the global transportation industry.

Expotel Hospitality Services Inc. has assumed management of two leading Milwaukee airport hotels, the Crowne Plaza and Ramada Plaza.

The BrightStar Wisconsin Foundation, a groundbreaking philanthropic approach to supporting job creation and economic growth statewide through investment in early-stage companies, today announced the opening of a Milwaukee office that will serve as its headquarters.