Industries

The closing of Kmart stores in Waukesha and Burlington led the southeastern Wisconsin retail real estate market downward during the first quarter, according to reports from Xceligent/CARW and CBRE.

The southeastern Wisconsin industrial real estate market remains on a roll, gaining more strength in the first quarter of the year according to the Xceligent /CARW and CBRE first quarter market reports.

Led by Baker Tilly's 68,797-square-foot lease at the U.S. Bank Center, the downtown area Milwaukee office market has started the year strong posting positive net absorption of 89,874 square feet, according to Xceligent and the Commercial Association of Realtors Wisconsin (CARW) first quarter report.

Lee Biblo, M.D., a cardiologist at Froedtert Hospital, professor of medicine and associate dean for clinical affairs at the Medical College of Wisconsin, has been appointed chief medical officer of Froedtert Hospital.

Northwestern Mutual Life Insurance Co. Inc. will conduct its annual meeting at its downtown Milwaukee headquarters on Wednesday, May 23, at 8 a.m.

Madison-based Axley Brynelson LLP and Murn & Martin S.C. of Waukesha announced they have merged into one law firm.

St. Francis-based Stark Investments plans to raise $39.5 million with Stark Mortgage Opportunities LP, a new hedge fund.

Milwaukee-based Dohmen Company announced it has acquired BioSoteria, a leading provider of drug safety and risk management services to the biopharmaceutical industry.

Milwaukee-based Rexnord Corp. has closed its previously announced initial public offering (IPO) of 27.2 million shares of common stock at $18 per share.

Milwaukee investor Sheldon Lubar, his family and his company are in the midst of a busy week in which they agreed to invest $15 million in Ixonia Bancshares, parent company of ISB Community Bank, and they acquired Madison-based Erdman Company.