Latest News

Developer lands $115 million construction loan for Waterview Tower Read

A development group led by Related Cos. has landed a loan to resume construction of Waterview Tower, the 27-story concrete structure on Wacker Drive that has sat unfinished since its prior developer ran out of money in 2008.

REIT to buy 2 big suburban warehouses

A Pennsylvania real estate investment trust has agreed to buy two southwest suburban warehouses that are set to lose their tenants, betting it can quickly fill 1.2 million square feet in an improving Chicago-area industrial market.

Mazola agrees to hand over failed South Loop condo project

Developer Ted Mazola has agreed to end a bitter bankruptcy fight over a failed South Loop condominium project by handing the property over to its lender.

Actuant to take impairment charge

Actuant Corp. has announced that it expects to report a non-cash pre-tax asset impairment charge of approximately $60 million in its fourth quarter operating results.

Stay-Lite Lighting acquires Ohio firm

Pewaukee-based Stay-Lite Lighting recently acquired J&J Commercial Lighting, located near Cleveland, Ohio, to strengthen its lighting service and lighting upgrade offerings.

Cousins provides more incentives for franchisees

To spark franchise growth and introduce a tempting opportunity to potential business owners, Menomonee Falls-based Cousins Subs has announced a new Founders Program that will put nearly $100,000 back into the hands of franchisees who invest in three to five Cousins Subs properties.

Theater revenues dip for Marcus Corp.

The Marcus Corp. has reported that record revenues and improved operating income of its hotel business were not enough to compensate for lagging revenues from its theater business in the fiscal first quarter.

Society for Financial Service Professionals accepting ethics awards nominations

The Society for Financial Service Professionals (SFSP), Milwaukee Chapter, is seeking nominations for the Wisconsin Business Ethics Award (WBEA) until Friday, Oct. 19. In its second year, the award praises companies for their ethical business practices, quality in their product and service offerings, and their community support and outreach initiatives.
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Banks deploy Fiserv mobile apps

Brookfield-based Fiserv Inc., a global provider of financial services technology solutions, announced that more than 1,100 financial institutions have selected mobile banking solutions from the company.

Wisconsinites among Forbes 400 richest Americans

Judy Faulkner, founder of Epic Systems Corp. in Verona, is among 20 newcomers to the 2012 Forbes 400 list of the richest Americans.

Landmark to acquire Hartford Savings Bank

New Berlin-based Landmark Credit Union plans to acquire Hartford-based Hartford Savings Bank.

HUD grants to help workforce

Wisconsin has received $720,000 in grants from the U.S. Department of Housing and Urban Development. The funds are aimed at helping public and assisted housing residents obtain education, training and jobs.

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