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RE/MAX releases June Metro Detroit Housing Report, Home Prices up 7.5 Percent

The shortage of available homes continues to impact the market, driving up home prices. A total of 5,271 homes were sold this June, meaning home sales have increased 0.6 percent from last year. Home prices are 7.5 percent higher than last year, with a June median sales price of $206,502. Oakland County saw the biggest increase in home prices over last year at 10 percent. However, Livingston, Macomb, and Oakland counties each saw decreases in total home sales.

Report: SUV Sales Drive Green Vehicle Market

Online automotive retailer Edmunds today announced research that indicates the diversification of environmentally-friendly SUV lineups has propelled a jump in sales of green vehicles during the first half of 2017, marking the end of a three-year decline in green vehicle sales. The car-buying platform says SUVs now makeup 22.9 percent of the green vehicle market, up from 5.2 percent in 2012.

U-M Nanoparticle Research Boosts LED, Invisibility Technology

Researchers at the University of Michigan have developed a new technique that peppers metallic nanoparticles into semi-conductors and can improve the quality of LED lighting by 50 percent and could pave the way for invisibility cloaking devices. The technique is the first to inexpensively grow metal nanoparticles both on and below the surface of semi-conductors and could allow manufacturers cut further costs in the future.

Basalt and DCO Energy to Acquire Detroit Renewable Energy

Basalt Infrastructure Partners II LP and its consortium partner, DCO Energy, today announced an agreement to acquire Detroit Renewable Energy (DRE). The proposed acquisition will benefit DRE’s employees, customers, and Detroit community members.

GM Launches In-Vehicle Development App

Detroit automaker General Motors Co. has launched GM Dev Client, an industry-first app for approved developers to test their applications in a real GM vehicle. In-vehicle testing is available for all developers whose proof of concept has been submitted using GM’s infotainment software development kit that was launched in January, NGI SDK, and has been approved by GM.

Harbor Springs Estate Heads to Auction

Buyers will be able to name their price when a 20-acre Harbor Spring estate goes to auction with no minimum or reserve on Sept. 2. The property comes with a 6,700-square-foot home complete with five bedrooms and four and a half baths, as well as horse stables, a paddock, an indoor riding area, barn, a guest cabin that sleeps six, a trout pond, and other amenities.

Eatori Market to Open in Detroit’s Capitol Park in August

Detroit-based design consultancy Kyle Evans Design (KED) was hired by chef Zak Yatim to design Eatori Market, which is slated to open in Detroit’s Capitol Park in August. Located at 1215 Griswold St. near the Westin Book Cadillac Hotel, the space is being designed as a dual-purpose bar and restaurant with a specialty market for grab-and-go items.

PPG to Acquire Coatings Application Services Provider The Crown Group

PPG, a global coatings and materials company that operates its North American headquarters in Troy, today announced the acquisition of coating applications services provider The Crown Group. The transaction is subject to customary closing conditions and is expected to close in the third quarter this year.

River Otters Move to Renovated Habitat at Detroit Zoo

The Detroit Zoo today announced that the North American river otters are moving into a newly-renovated and expanded habitat. Following a gift from the Edward Mardigian Family Foundation, the habitat was increased to 2,500 square feet of space from 680 square feet, highlighted by new indoor and outdoor elements.

Legal Street Racing Registration Open for Dodge’s Roadkill Nights

Auburn Hills automaker FCA US today announced that registration is open for legal drag racing on Woodward Avenue as part of the Roadkill Nights Powered by Dodge event, which will take place on Aug. 12 at the M-1 Concourse in Pontiac. The drag racing event and car festival has a total cash purse of $29,000, with $10,000 awarded to the fastest Dodge car.

Scott Shuptrine Interiors Launches Interior Design Program

Design experts at Scott Shuptrine Interiors, a division of Warren-based Art Van Furniture, has announced new customizable designer packages including complimentary design services to advise those looking to update their homes. The luxury retailer has 11 interior design-related offerings, including in-home consultation, style and budget determination, and spatial planning.

U-M Invests in Advanced Transportation Technologies

Seven technologies demonstrating high potential to help solve transportation issues are receiving $600,000 in total funding from the University of Michigan’s Michigan Translational Research and Commercialization (MTRAC), a statewide innovation hub program to continue their advancement to the commercial market.

New Cybersecurity Platform From CloudFace in Northville Township Prevents Hacking

CloudFace, a multi-faceted IT company in Northville Township, has launched a next generation security solution that it says can block 99.9 percent of internet-based viruses, malware, ransomware, and other types of attacks in real-time. In addition to working in the health care sector, the company is now entering the automotive space to prevent hackers from taking control of a vehicle.

Office Vacancies Remain Low as Detroit Skyline Awaits New Construction

Real estate and investment management firm JLL today released its annual report on Detroit’s commercial tenants, which shows the central business district is in its eighth consecutive year of occupancy growth, has record-setting rental prices, and a landlord-friendly market. Additionally, overall vacancy was at 7.5 percent as businesses are increasingly choosing to locate downtown. 

Re/Max of Southeastern Michigan Opens Downtown Detroit Office

Re/Max of Southeastern Michigan today announced the opening Re/Max Reserve in Detroit. The office is located at 300 Renaissance Center and is owned and managed by the husband and wife team of Van and Geana Kassab.
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Director of International Business Services, Automation Alley, Troy

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Wood Work

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Work Wear

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Plant and Repeat

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Stadium Wars

As Little Caesars Arena prepares to open in the fall, Ford Field is getting a $100-million renovation.

Supply Side

More available parcels for national retailers are needed in metro Detroit.

The Century Club 2017

From colleges to real estate and racing teams to construction firms, how companies last 100 years or longer is a testament to fortitude and vision.

Compendium News Links More »

The Outside Media Opine on the Motor City

Let Syrians Settle Detroit

Source: The New York Times

Larry Page Looks Ahead

Source: Fortune

Detroit Homes Still Selling for $1

Source: The Daily Caller News Foundation

You Can Sell a Lot of Cars with a Tent

Source: Bloomberg Businessweek

Matty Moroun, Detroit's Border Baron

Source: Bloomberg Businessweek

The Death and Life of Detroit

Source: The American Prospect

Women in a Man’s World

Source: The Wall Street Journal

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