Business Journal Report (1-2-13)

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In business news for Wednesday, January 2nd, 2013 -- Johnny Vassallo, better known in the restaurant community as "Johnny V," has sold Mo's, a place for steaks in downtown Milwaukee. Jeremiah Hamman bought the business and takes over officially on Thursday.

Vassallo said he plans to develop 103 apartments in the Posner Building that he owns on Plankinton and Wisconsin and plans to focus on building the brand of his other Mo's Irish Pub location in Wauwatosa.

"The pubs continue to do just extremely well. The Wauwatosa location is by far our busiest restaurant and I plan to take those across the country," Vassallo said.