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“Holy crap!” That’s how Craig Price, a UBS AG senior vice president , told securities regulators he reacted when he saw the $2,600 tab for a client-development dinner he attended at an upscale Palm Beach , Florida, restaurant. It wasn’t the size of the bill that stunned him. It was who paid for it -- an ailing, 90-year-old UBS client. The client wasn’t even at the dinner, but the broker who managed her trust was. So was the broker’s girlfriend, a longtime confidant of the client who had power of attorney over the trust. The trust paid the bill. Price dug deeper . He says he ultimately discovered bigger charges to the trust: a Bentley in the girlfriend’s name, a trip to Toronto on a private jet and an attempted fund transfer to buy a penthouse apartment in the girlfriend’s name. Nancy Tsai and Dennis Melchior Photographer: Patrick McMullan/PMC Price alerted his superiors, setting off a chain of events that would become tabloid fodder. The broker, Dennis Melchior, was quickly fired fo...

storage facilities in the greater Milwaukee area for $17 million earlier this year. The sales price was the highest on record for a self- storage portfolio in the Milwaukee-Waukesha- West Allis metropolitan statistical area , according to Marcus & Millichap." /> Marcus & Millichap brokered the sale of two self- storage facilities in the greater Milwaukee area for $17 million earlier this year. The sales price was the highest on record for a self- storage portfolio in the Milwaukee-Waukesha- West Allis metropolitan statistical area , according to Marcus & Millichap. Halfway through a year of transition, the self- storage sector continues to undergo changing investor dynamics while feeling the effects of political uncertainty in Washington. Yet opportunities abound, particularly in the Midwest, where a moderate development pipeline has kept supply in check with demand. We’re currently witnessing a pool of buyers rethink their approach amid rising interest rat...