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Milwaukee Business Journal
State tourism officials track the 'Top Chef' effect
The hit Bravo “Top Chef” series titled this week's episode “Goodbye Wisconsin” as the final cheftestants created dishes that reflected their season-long growth, a theme also on the minds of the state’s tourism officials who continue to track the show’s economic impact here.<\p> Wednesday's episode left four chefs remaining, including Milwaukee’s own Dan Jacobs, co-owner of the city’s DanDan and EsterEv restaurants and, now, a finalist for the 2024 James Beard Foundation Awards category for "Best Chef: Midwest” set to be decided June 10. This 12th episode of "Top Chef" is also the last to focus on the Badger State, before the finalists are narrowed down to Season 21's ultimate top chef during a June 19 finale on Bravo. <\p>
Elon Musk firm selects Phoenix Investors site for AI supercomputer
Elon Musk is planning to build what could be the most advanced supercomputer in the United States at the former Electrolux Memphis facility now owned by Milwaukee-based Phoenix Investors, multiple sources have told the Memphis Business Journal. <\p> The supercomputer project was confirmed in a June 5 press conference held by the Greater Memphis Chamber. Sources told the Memphis Business Journal that the Chamber has been working to recruit the Musk operation to Memphis for months.<\p>
BBQ joint's sauce touted by Oprah now at some Meijer stores
A barbecue sauce that has become popular for customers of restaurant Pat’s Rib Place has entered the grocery market with its debut at four Meijer stores in southeast Wisconsin.<\p> The husband-and-wife team of Ty and Alisha Hayes own Pat’s Rib Place at the Milwaukee Public Market, 400 N. Water St., and getting their sauce onto grocery store shelves has been a goal for about four years.<\p>
Wisconsin manufacturer to sell to global firm for $695M
Trachte LLC, a Wisconsin company that builds preassembled, modular steel buildings for primarily the utilities and data center industries, has agreed to sell for $695 million to a global public company that provides electrical connection and protection systems.<\p> Private equity firm Palladium Equity Partners LLC is selling its majority stake in Trachte, which is based in the Dane County village of Oregon, to London-based nVent Electric plc (NYSE: NVT). <\p>
Prominent developers team up on $45M Harbor District project
Rule Enterprises is joining forces with another prominent developer on a five-story apartment building slated to add 140 units at a mix of price points in the city's Harbor District.<\p> Brandon Rule, president of his namesake real estate firm, has brought on his long-standing friend and fellow local builder, Michael Emem of Emem Group LLC, into the nearly $45 million project as a partner and co-developer. <\p>
Meet the Milwaukee Business Journal's 2024 Women of Influence winners
The Milwaukee Business Journal is recognizing the 2024 winners of its Women of Influence Awards.<\p> The list includes business and community leaders from throughout the seven-county Milwaukee area who are making the region a better place to live and work.<\p>
New Aurora Health Care president tackles role at lightning speed
Gabrielle Finley-Hazle says she was happy as president and CEO of a health system in Phoenix and wasn’t thinking about opportunities elsewhere until a recruiter contacted her about leading Aurora Health Care.<\p> When she accepted the Milwaukee position, she and her husband, Howard Hazle, decided to relocate immediately with their three school-age children, which involved a move on Thanksgiving weekend in 2023. <\p>
About 700 Milwaukee leaders celebrate 2024 Women of Influence: Photos
The Baird Center in downtown Milwaukee saw plenty of celebration Wednesday as 30 women were honored as part of the Milwaukee Business Journal's 2024 Women of Influence Awards. <\p> Nearly 700 Milwaukee-area business and community leaders attended this year’s event to honor southeastern Wisconsin women who lift the community and are helping shape its future. See the attached slideshow for scenes from the popular awards luncheon.<\p>
Restaurant veterans begin second act with wine shop
Behind the 2A Wine Merchants' name is a long history of friendship, business acumen and a consistent criss-crossing of career paths that eventually brought Rob Levin and Tony Bisciglia together to build a wine shop and tasting room in Milwaukee's Third Ward neighborhood.<\p> Veterans in the restaurant and hospitality industry, both Levin and Bisciglia have had extensive careers in restaurants across the United States. Those experiences transformed into a joint venture the day Bisciglia sat at New York's LaGuardia Airport, waiting to board a plane, when he gave Levin a call.<\p>
Dental clinic opening in Deer District
Signature Dentistry plans to open a clinic in ground-floor space at Deer District’s parking structure at the corner of North Sixth Street and West McKinley Avenue.<\p> The 1,200-capacity parking garage serves Deer District and surrounding areas and was developed in conjunction with Fiserv Forum with a connecting pedestrian bridge. The ground-floor space for the clinic fronts on McKinley Avenue and is marketed for a retail use while remaining vacant for several years.<\p>
Revised Cedarburg subdivision advances as panel endorses concept
While plans for a major new Cedarburg subdivision are still in the early phases, city officials are finding consensus around building hundreds of for-sale homes and condos on a family-owned farm property on the edge of the city.<\p> Homebuilding firm Neumann Co. is now proposing a total of 439 housing units on around 253 acres currently owned by the Grob family at the northwest corner of the intersection of Highway 60 and Highway I. <\p>
Employ Milwaukee CEO Chytania Brown resigns
Chytania Brown is resigning her post as president and CEO of Employ Milwaukee, the workforce development board for Milwaukee County, effective Thursday.<\p> Julie Cayo, Employ Milwaukee's chief planning officer, has been appointed by the Employ Milwaukee board of directors as interim CEO. A search for a new president and CEO will begin in the coming months as it will take time to assemble a CEO search committee, Cayo said.<\p>
7 Brew opens Kenosha shop to continue area growth
The first 7 Brew coffee came to Kenosha on Wednesday as owner Tommy Pennington continues to build the brand’s presence in Wisconsin.<\p> The Kenosha coffee stand, at 4706 75th St., is Pennington’s second in the state following the first that opened in Brookfield at 1010 S. Moorland Road in May of 2023. He has a third location planned for Mount Pleasant in July as well at 6031 Regency West Drive.<\p>
The National Observer: Sign of reversal seen amid loan delinquencies
Welcome to The National Observer, a roundup of top business news and actionable insights from across The Business Journals network of publications. Today we've got stories on a decline in asking prices in the housing market, a shift in consumer-spending habits and changes coming to Cracker Barrel restaurants. But first, we go inside the numbers on still-rising delinquencies among loans backed by commercial real estate.<\p> Get more stories like these every day in your inbox by subscribing to The National Observer newsletter.<\p>
RNC unveils preview of stage where Trump will accept nomination
Republican National Committee chairman Michael Whatley said Wednesday work crews are creating “a world-class stage” inside Fiserv Forum that will facilitate “a world class television production” during the upcoming national convention in Milwaukee.<\p> The stage will be 26 feet tall and 60 feet wide with a backdrop of video panels, including nearly 1,200 high-density LED panels, said Anne Hathaway, chair of the RNC Committee on Arrangements.<\p>
Jordan Love becomes ambassador for American Family Insurance
Jordan Love is making business moves this offseason.<\p> The Green Bay Packers quarterback has signed on as a brand ambassador for American Family Insurance, the company announced Wednesday. He joins a cast of fellow ambassadors including Major League Baseball hall of famer Derek Jeter, Milwaukee Brewers left fielder Christian Yelich, "Property Brothers" stars Drew and Jonathan Scott and model and actress Kathy Ireland.<\p>
Wisconsin firms make big moves up Fortune 500
Wisconsin's contingent on this year's Fortune 500 list remained the same as in 2023, but a number of state companies made big jumps in the rankings, moving up dozens of spots.<\p> The big movers are led by American Family Insurance of Madison, which rose 58 spots to No. 243 on Fortune magazine's annual ranking of U.S. corporations based on annual revenue. The magazine reported American Family's revenue growing 23.1% to $17 billion.<\p>
Goodwill closing Milwaukee laundry facility
Goodwill Industries of Southeastern Wisconsin and Metropolitan Chicago plans to close its laundry and linen services facility on Milwaukee’s northwest side and eliminate 136 jobs including those that the nonprofit states provide work opportunities and skill development for people with disabilities and other barriers to employment.<\p> The laundry operation, which provides services for health care providers, is part of Goodwill Manufacturing. The manufacturing unit is one of four tax-exempt organizations that include Goodwill Industries of Southeastern Wisconsin and Metropolitan Chicago. <\p>
121-room Hyatt Place in Milwaukee sold
A 121-room hotel in Milwaukee's Timmerman West neighborhood on Silver Spring Road has been sold.<\p> Real estate broker Marcus & Millichap (NYSE: MMI) announced the sale Wednesday of the former Hyatt Place Milwaukee West, located at 11777 W Silver Spring Drive. Marcus & Millichap had the listing to market the property on behalf of the seller and procured the eventual buyer.<\p>
$17M DeMichele/Three Leaf apartments open near Downer: Slideshow
Residents this month began moving into a brand-new apartment building near Downer Avenue on Milwaukee's east side, marking an on-schedule completion of the $16.9 million project. <\p> The 55-unit building known as The Fitz was around 30% pre-leased at opening and the first leases began June 1, according to Joe Stanton of Three Leaf Partners, one of the project's co-developers.<\p>
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