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🔒 Metro Milwaukee home sales down 3.8% for first half of year

Home sales in the four-county metro Milwaukee area were down 3.8% during the first half of the year, compared to a year ago, and 10.6% in June, year-over-year, according to the latest home sale data from the Greater Milwaukee Association of Realtors.

🔒 My Choice Wisconsin acquired by California firm for $150 million

Wauwatosa-based My Choice Wisconsin (MCW), a Medicaid managed care organization serving customers throughout the state, has been acquired by Long Beach, California-based Molina Healthcare, Inc. Molina Healthcare will pay approximately $150 million, net of expected tax benefits and required regulatory capital, to acquire substantially all the assets of MCW.

New Bright Cellars CEO hopes to bring joy back to the world of wine

Joe Megibow, the newly named CEO of Milwaukee-based Bright Cellars, was blunt in saying most people wonder why he would leave his past role at a $700 million-plus public company for a not-yet profitable startup. He was also matter of fact in his answer: he sees a legitimate opportunity to continue to grow the business.

🔒 Fathom consolidating Oakland facility into Hartland HQ

Fathom Digital Manufacturing plans to consolidate its Oakland, California facility into its headquarters in Hartland as part of a reorganization plan aimed at saving around $5.5 million annually.

🔒 S&C Electric Company set to open 55,000-square-foot expansion in Franklin

Chicago-based S&C Electric Company, a global provider of equipment and services for electric power systems, will open a 55,000-square-foot addition at its Franklin campus next Friday.

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.
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🔒 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.

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