Latest News
CPI comes in hot. Again.
We figured the Consumer Price Index wasn’t heading back down—the estimate was for 8.8%. Instead, a 9.1% number landed.
GXO Logistics to close facility in Sturtevant
GXO Logistics Inc. this week informed state and local officials that it plans to permanently close its facility at 901 Renaissance Boulevard in Sturtevant.
🔒 Corcoran Street to be extended as part of Third Ward apartment complex development
East Corcoran Street in Milwaukee's Historic Third Ward would be extended from its current terminus at Jackson Street under plans for a 258-unit apartment complex at 129 N. Memorial Drive that gained a conditional certificate of appropriateness for the Third Ward Architectural Review Board on Wednesday.
Future 50 winners for 2022 announced
BizTimes Media today announced the winners of 2022 Future 50 Awards, which will be recognized at an awards luncheon on Sept. 29 at the Italian Community Center in Milwaukee.
🔒 First Rite-Hite employees will move into new HQ in Walker’s Point this month
A group of 80 employees will soon move into Rite-Hite’s new corporate headquarters complex, under construction at the Reed Street Yards in Milwaukee's Walker’s Point neighborhood.
🔒 Exponential Power makes second acquisition of 2022 with Pennsylvania firm
Menomonee Falls-based Exponential Power, Inc. has made its second acquisition of the year with the addition of Brookville, Pennsylvania-based Elite Technologies & Communications.
🔒 Versiti acquires Missouri-based Ethical and Independent Review Service
Milwaukee-based Versiti, a company specializing in blood health solutions, has acquired Lees Summit, Missouri-based Ethical and Independent Review Services (E&I). Â Terms of the deal were not disclosed.
🔒 Even with recession fears, 62% of Wisconsin employers plan to add jobs
A survey released earlier this month by Wisconsin Manufacturers and Commerce showed more than 70% of Wisconsin employers expect a recession in the next month, but newly released data from the survey suggest employers still plan to add to their workforce.
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The power shift in housing
Rising interest rates are colliding with recession concerns. Cancellations for purchase agreements climbed to 60,000 in June.
Kohl’s to open store in former Boston Store space in downtown Milwaukee
Menomonee Falls-based Kohl's Corp. plans to open a store in the former Boston Store space on the first floor of the HUB640 building in downtown Milwaukee, according to Milwaukee commercial real estate sources.
Beaver Lake home sold for $4.7 million
A 4-bedroom home on Beaver Lake in the Waukesha County town of Merton was sold recently for $4,725,000, according to state records.
Williams Bay home sold for $4.8 million
A 4-bedroom, 3-bathroom home on Circle Parkway in the Walworth County village of Williams Bay has been sold for $4.8 million, according to state records.