Industries

Southridge Mall in Greendale recently held a celebration for the complete of its renovation and announced the addition of several new tenants.

November sales of existing homes in the four-county metropolitan Milwaukee area were up 24.2 percent compared to November 2011, according to the latest report from the Greater Milwaukee Association of Realtors (GMAR). In November, 1,202 homes were sold in the area compared to 968 in November 2011.

Walmart has submitted plans to build a 147,848-square-foot supercenter store on a 16-acre site at 15375 W. Greenfield Ave. in New Berlin. The Charcoal Grill restaurant at that location will be demolished to make way for the Walmart store.

Farmington Hill, Mich.-based real estate investment trust Ramco-Gershenson Properties Trust plans to purchase the second phase of the Shoppes at Fox River retail development in Waukesha, according to a real estate industry source. The deal includes 47,000 square feet of retail space occupied by TJ Maxx, Ulta, Rue and Charming Charlie’s, plus some undeveloped land, the source said.

The pieces of the massive Drexel Town Square development in Oak Creek are coming together, and several major players in the Milwaukee commercial real estate development industry will participate in the project, according to numerous sources.

The cover story of the Dec. 17 edition of BizTimes Milwaukee magazine will feature an interview with two experts who will answer employers’ questions about the Affordable Care Act, otherwise known as Obamacare.

The IBA-Wisconsin will present a seminar on the Affordable Care Act for businesses on Friday, Dec. 21, from 7 to 9 a.m. at the Wisconsin Club in Milwaukee.

When BMO Harris Bank acquired Ozaukee Bank in Cedarburg, several Ozaukee employees parted ways with the new organization.

Daniel Nelson, Jr., president of Nelson Schmidt Inc. of Milwaukee and Madison, has been elected president of the board of directors of MAGNET, the Marketing & Advertising Global Network of leading independent advertising agencies.

First Business Financial Services Inc., the parent company for First Business Bank in Madison and First Business Bank-Milwaukee, announced the closing of its previously announced public offering of 1.1 million shares of common stock at $23.00 per share.