Industries
Ease the regulatory burden on community banks
Editor’s note: Congresswoman Gwen Moore (D-Milwaukee) submitted a letter to U.S. banking regulators on behalf of a bipartisan coalition of members of Congress from the Wisconsin delegation asking regulators to consider a scaled approach to the implementation of Basel III banking regulations for small and community banks. Moore’s letter received the support of U.S. Reps. Sean Duffy, Ron Kind, Tom Petri, Reid Ribble and Jim Sensenbrenner. The letter was sent Federal Reserve System Chairman Ben Bernanke, Federal Deposit Insurance Corp. Acting Chairman Marin Gruenberg and Office of the Comptroller of the Currency Tom Curry. The letter reads as follows:
75-unit apartment development planned in New Berlin
St. Louis Park, Minn.-based MSP Real Estate Inc. plans to build a 75-unit apartment development at 14900 W. Library Lane in the City Center area of New Berlin.
Sales
Boerke CompanyACS LLC purchased a 68,960-square-foot building on a 4.15-acre site at 9640 S. 60th St., Franklin, from Ideal...
Leases
CBREBig Lots Stores Inc. leased 28,044 square feet of space and Jo-Ann Stores leased 18,166 square feet of space...
Two Walmart stores opening in region this week
Walmart is opening two stores in the Milwaukee area this week, several other stores are under construction and plans are advancing for even more.
Redevelopment plans considered for downtown Laacke & Joys building
Laacke & Joys last week announced that it plans to close its stores in Mequon and downtown Milwaukee and its manufacturing operations in downtown Milwaukee. The company’s Brookfield store will be upgraded and will become the flagship Laacke & Joys store. Manufacturing operations will also be moved to Brookfield.
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Real Estate & Development Conference is next week
The annual BizTimes Milwaukee Real Estate & Development Conference is next week, Thursday, Nov. 1, from 7:30 to 9:30 a.m. at the Potawatomi Bingo Casino in Milwaukee.
UWM groundbreaking today for $75 million campus building
The University of Wisconsin-Milwaukee (UWM) will host a groundbreaking ceremony today to celebrate the start of construction for the 93,000-square-foot, $75 million Kenwood Interdisciplinary Research Complex.
BizTimes Money Weekly: Fair Housing Council files complaint against Bank of America
The Metropolitan Milwaukee Fair Housing Council today filed a complaint with the U.S. Department of Housing and Urban Development alleging housing discrimination by Bank of America.
Jockey names Norfleet president
Kenosha-based Jockey International Inc. announced the appointment of Byron Norfleet as president and chief operating officer.
