March 28, 2012

Aurora sells 11 pharmacies to Walgreens

Aurora Health Care has sold 11 low-performing pharmacies to Walgreens.The sale, effective Thursday, will affect 82 Aurora employees. However, Aurora officials say they are hoping to find new positions for the employees who will lose their current …
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March 28, 2012

Irgens among suitors for U.S. Bank lakefront site

Prominent Milwaukee real estate developer Mark Irgens is among the developers in discussions with U.S. Bank over its garage site on East Michigan Street on the downtown Milwaukee lakefront.The bank has been trying to sell the garage property for …
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March 28, 2012

U.S. Army orders more tactical vehicles from Oshkosh

The U.S. Army has put in a request for more than 2,500 Family of Medium Tactical Vehicles (FMTV) to Oshkosh Defense, a division of Oshkosh Corp., the company announced Wednesday in a press release.According to the release, the Army has now ordered …
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March 28, 2012

Wisconsin personal income grows 5.2% in 2011

Wisconsin personal income rose 5.2 percent in 2011, slightly outpacing national growth, according to estimates released Wednesday by the U.S. Bureau of Economic Analysis.The BEA reported the Badger State had $228.9 billion in total personal income …
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March 28, 2012

Spaulding Clinical may add 183 jobs over two years

West Bend drug testing company Spaulding Clinical Research LLC could create up to 183 jobs over the next two years as a result of an expansion of its cardiac safety equipment.The company is eligible to receive up to $850,000 in tax credits through …
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March 28, 2012

Wells Fargo discontinues document-storage service

Wells Fargo & Co. is shutting down its three-year-old vSafe document-storage service after it failed to gain traction in the marketplace.The service was introduced in 2008, charging a minimum monthly fee of $4.95 to store electronic documents.In …
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March 28, 2012

CRE Guide: Take 5 - Jerome Knapp

Jerome Knapp in December became executive director of the King Drive Business Improvement District, a commercial main street stretching north from downtown Milwaukee that has seen success, but still has room for improvement.The district includes 432 …
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March 27, 2012

I-794 extension into Oak Creek endorsed

An estimated $207 million plan to extend Interstate 794 as a freeway south into Oak Creek gained approval from a study advisory committee that Milwaukee County formed to review the proposal.The Lake Parkway and I-794 currently run south from the …
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March 27, 2012

Grubb & Ellis acquired by BGC Partners

BGC Partners' plan to acquire bankrupt Grubb & Ellis was approved Tuesday by a federal court.Grubb & Ellis will be acquired by BGC Partners Inc. (Nasdaq: BGCP) with closing expected soon, the company said in a statement Tuesday afternoon. BGC …
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March 27, 2012

Waukesha responds to water sale concerns

Waukesha officials on Tuesday tried to ease concerns raised by the mayors of Milwaukee, Oak Creek and Racine that a Lake Michigan water sale agreement will allow more development in Waukesha and hurt the shoreline communities' economies.The city of …
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March 27, 2012

UPS to be fined for role in logistics cartel

Atlanta-based United Parcel Service Inc. (NYSE: UPS) will be among 13 logistics companies fined Wednesday by European Union antitrust regulators for being part of a cartel that colluded to fix air freight forwarding prices, Reuters reported.The news …
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March 27, 2012

Milwaukee-area foreclosure rates decreasing slowly but steadily

Foreclosure rates in Wisconsin and the Milwaukee metro area dropped in January at a quicker pace than the nationwide rate compared with the same month of 2011, according to CoreLogic.The Milwaukee, Waukesha and West Allis areas foreclosure rate was …
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