<img src="http://media.bizj.us/view/img/9530902/jb-henderson-va-hospital*100xx1050-1047-0-109.jpg">Nortech Systems Inc. said Monday that it will close its small plant in Augusta in west-central Wisconsin by the end of the year.

The closure affects about 50 jobs, said Nortech spokesman Warren Djerf.

Rich Wasielewski, president and CEO of Maple Grove, Minn.-based Nortech (Nasdaq: NSYS), said a slowdown in the industrial markets and defense budget cuts have reduced demand for the products made by the Augusta facility. Nortech is a contract manufacturer of medical devices, wire and cable assemblies…<div>
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Nortech to close Wisconsin plant, affecting about 50 jobs

Nortech Systems Inc. said Monday that it will close its small plant in Augusta in west-central Wisconsin by the end of the year. The closure affects about 50 jobs, said Nortech spokesman Warren Djerf. Rich Wasielewski, president and CEO of Maple Grove, Minn.-based Nortech (Nasdaq: NSYS), said a slowdown in the industrial markets and defense […]

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<img src="http://media.bizj.us/view/img/10104117/creg*100xx2000-2000-504-0.jpg">Two newly developed Class A warehouse buildings in the Penn 95 Commerce Center in Upper Marlboro have been sold to investors for $33 million.

The sellers, a partnership of Chesapeake Real Estate Group LLC and principals from Thompson Creek Window Co., sold the industrial buildings that total close to 300,000 square feet.

The buyer was Prudential Real Estate Investors.

The two buildings, one of 167,500 square feet and a build-to-suit 117,000-square-foot building that holds the manufacturing portion…<div>
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Chesapeake Real Estate Group sells pair of new Prince George’s industrial buildings for $33M

Two newly developed Class A warehouse buildings in the Penn 95 Commerce Center in Upper Marlboro have been sold to investors for $33 million. The sellers, a partnership of Chesapeake Real Estate Group LLC and principals from Thompson Creek Window Co., sold the industrial buildings that total close to 300,000 square feet. The buyer was […]

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<img src="http://media.bizj.us/view/img/7733692/river-ridge-aerial01*100xx1597-1600-803-0.jpg">A nearly 600,000-square-foot distribution center is under construction and will be debuting in Southern Indiana's River Ridge Commerce Center by the beginning of next year.

Kansas City-based developer VanTrust Real Estate LLC is constructing the 592,800-square-foot Gateway 600 on about 40 acres it purchased at 250 Hilton Drive inside the 6,000-acre Clark County business park.

Jerry Acy, executive director of River Ridge Development Authority, said VanTrust paid $60,000 per acre for the land to…<div>
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Huge distribution center coming to River Ridge in early 2017

A nearly 600,000-square-foot distribution center is under construction and will be debuting in Southern Indiana’s River Ridge Commerce Center by the beginning of next year. Kansas City-based developer VanTrust Real Estate LLC is constructing the 592,800-square-foot Gateway 600 on about 40 acres it purchased at 250 Hilton Drive inside the 6,000-acre Clark County business park. […]

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<img src="http://media.bizj.us/view/img/7853972/riderequest2*100xx4016-4009-0-1088.jpg">The Hillsborough County Public Transportation Commission will discuss whether to enact a set of “emergency rules” regulating transportation network companies like Uber and Lyft during its Rules and Policy Committee meeting set for Tuesday morning. The recommended temporary rules were suggested by an incoming TNC, DriveSociety.

Uber sent an email to PTC Executive Director Kyle Cockream and the group’s attorney Cynthia Oster opposing the measure. The letter alleges DriveSociety proposed the…<div>
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New Uber competitor accused of being in cahoots with taxi companies, PTC

The Hillsborough County Public Transportation Commission will discuss whether to enact a set of “emergency rules” regulating transportation network companies like Uber and Lyft during its Rules and Policy Committee meeting set for Tuesday morning. The recommended temporary rules were suggested by an incoming TNC, DriveSociety. Uber sent an email to PTC Executive Director Kyle […]

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<img src="http://media.bizj.us/view/img/10103958/screen-shot-2016-08-01-at-25615-pm*100xx1040-1040-345-0.png">An unanchored strip mall sandwiched between two big boxes in Brandon has sold for $7.5 million or roughly $380 per square foot.

Unicorp National Investments, based in Orlando, sold Lake Brandon Shoppes to a subsidiary of Dallas-based Crow Holdings Capital, according to a Hillsborough County deed filed Monday.

The deal closed July 27, according to the deed. The center is at 11019 Causeway Blvd., near the interchange of Interstate 75 and the Lee Roy Selmon Expressway.

Built in 2003, Lake Brandon…<div>
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Brandon strip mall sells for more than $350 per square foot

An unanchored strip mall sandwiched between two big boxes in Brandon has sold for $7.5 million or roughly $380 per square foot. Unicorp National Investments, based in Orlando, sold Lake Brandon Shoppes to a subsidiary of Dallas-based Crow Holdings Capital, according to a Hillsborough County deed filed Monday. The deal closed July 27, according to […]

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<img src="http://media.bizj.us/view/img/1476031/cpcsx-trainimg1113*100xx667-667-167-0.jpg">Hillsborough Area Regional Transit Authority leaders are moving forward with plans to implement a regional transit feasibility study they say would poise the agency for federal dollars aimed at increasing multimodal mobility options.

The agency heard pitches from three firms last week to oversee the study.

In order to receive federal funding for transit projects, agencies have to follow a set of guidelines laid out by the Federal Transit Administration. That includes showing at least one viable…<div>
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TBX-funded study needed for Hillsborough transit set to kick off in October

Hillsborough Area Regional Transit Authority leaders are moving forward with plans to implement a regional transit feasibility study they say would poise the agency for federal dollars aimed at increasing multimodal mobility options. The agency heard pitches from three firms last week to oversee the study. In order to receive federal funding for transit projects, […]

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<img src="http://media.bizj.us/view/img/5391421/pharmacy*100xx1412-1415-290-0.jpg">The Carlyle Group has a definitive agreement to acquire WellDyneRx Inc., a pharmacy benefit manager headquartered in Lakeland.

Financial terms were not disclosed in a press release, but the Wall Street Journal reported in June that WellDyneRx could be valued at about $1 billion.

After last month's sale of Vogue International in Clearwater, the WellDyneRx deal would be the second $1 billion-plus deal for private companies in the Tampa Bay area this year and is indicative of the strength of privately…<div>
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Lakeland pharmacy benefit manager sells to private equity

The Carlyle Group has a definitive agreement to acquire WellDyneRx Inc., a pharmacy benefit manager headquartered in Lakeland. Financial terms were not disclosed in a press release, but the Wall Street Journal reported in June that WellDyneRx could be valued at about $1 billion. After last month’s sale of Vogue International in Clearwater, the WellDyneRx […]

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