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Buick to Introduce New Luxury Model Sub-brand in 2018

A new luxury model sub-brand, called Avenir, will join Detroit-based Buick’s global portfolio in the 2018 model year.

Ford Appoints CEO of Mobility Services Subsidiary

Dearborn-based Ford Motor Co. has named Raj Rao as CEO of Ford Smart Mobility, a subsidiary of the company working to design, build, grow, and invest in new mobility services.

Ram Reveals New Concept for Rebel Truck

Ram today introduced the Ram Rebel TRX concept, a 100-mph, off-road truck with 575 horsepower. Using a supercharged 6.2p-liter Hemi V-8 engine, the vehicle is the most powerful half-ton truck the company has ever built. Production plans for the concept will be announced at a later date.

Birmingham-based Program for Improving Elderly Balance Launches

Birmingham-based Safe Balance has launched its first program, a system that can be used in assisted living and independent living communities to pinpoint the severity of an elderly person’s balance problems.

Grosse Pointe’s City Bark to Open Location in Detroit’s Capitol Park

Grosse Pointe-based City Bark, a boutique pet product retailer, will open its first Detroit location in The Albert at Capitol Park in early 2017.​

2016 U-M, Urban Land Institute Real Estate Forum to Focus on Placemaking

The 30th annual University of Michigan-The Urban Land Institute of Michigan Real Estate Forum, to be held this November in Detroit and Ann Arbor, will focus on “the city of tomorrow” and “placemaking,” which consists of the approach to planning, designing, and managing public spaces.

Detroit’s Fontinalis Partners Leads $2.5M Investment Round in Vehicle Security Company

With participation from existing investors YL Ventures and GlenRock, Fontinalis Partners, a Detroit-based capital venture firm, led a $2.5 million strategic investment round in Karamba Security, an Ann Arbor-based company that provides cyber security services for connected and autonomous vehicles.

Detroit’s Benzinga Closes $3M Investment Round, Dan Gilbert Among Investors

Downtown Detroit-based Benzinga, a media company that offers investors real-time market data, has closed on a $3 million investment round.

Comedian and Auto Enthusiast Jay Leno Headlines Charity Gala in Chesterfield Township in November

Comedian Jay Leno will perform at a charity gala in Chesterfield Township on Nov. 10 as part of a three-day fundraising campaign for Michigan Disabled American Veterans called Hat Trick for Heroes. Leno, host of Jay Leno’s Garage, will appear at Stahls Automotive Museum, which features some 80 classic and rare vehicles, music machines, and a Mighty Wurlitzer organ.

Henry Ford Health System Licenses Technology to New Hospital In India

Detroit-based Henry Ford Health System has licensed its healthcare technology for the development of a new specialty care hospital in southern India.

Wayne State Awarded $15.7M Grant for Youth HIV Prevention Research

A team of researchers led by Wayne State University in Detroit has been awarded an anticipated total of $15.7 million dollars over five years from the National Institute of Child and Human Development of the National Institutes of Health. The funds will go towards the Scale it Up project, which focuses on the development and assessment of interventions for HIV-positive and at-risk youth.

Detroit-based Rossetti Designs New Washington D.C. Sports Arena

Detroit-based architectural design firm Rossetti has unveiled the concept for its latest project, a sports and entertainment arena in Washington D.C., which will serve as the first facility solely dedicated to the Women’s National Basketball Association.

Develop Detroit Acquires First Two Properties

Develop Detroit, a new Detroit-based nonprofit development firm, has acquired its first two properties, the Marwood Apartments in New Center and Midtown Square in Midtown.

$1.7M Kresge Foundation Grant Supports Multi-year Healthcare Initiative

Supported by a $1.7 million grant from The Kresge Foundation in Detroit, the Nonprofit Finance Fund, a New York City-based organization, has launched a multi-year initiative, called Healthy Outcomes, to explore how collaborations can drive large-scale improvements in the health of American communities.

Ann Arbor Company to Bring New Breast Cancer Detection Technology to Market

A new Ann Arbor-based company called Breithmed, Inc., has been formed to bring BRIM, a recently patented biomarket ratio imaging microscopy technology, to the market.
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More »From the Magazine

Financial Reservations

The Westin Book Cadillac Detroit hotel downtown has been outperforming most of its national peers, but behind the scenes, the city and pension funds used for its redevelopment nearly 10 years ago may now take a huge loss.

Have Office, Will Travel

Case Study

Huron Capital Partners, a private equity firm in Detroit, has developed an acquisition platform that drives operational efficiencies through an in-house buy and build strategy.

Speaking Up

Data Mine

PDA Q&A: Linzie Venegas, E-Interview

Vice President, The Ideal Group, Detroit

Two of a Kind

A husband-and-wife team helps raise millions of dollars for two cultural icons in Detroit.

Hotel Register

Starting in 1835, the Michigan Exchange Hotel served as the epicenter of important social and business activities in Detroit, before changing tides brought about its end.

Verifiable Match

Biometric identification system developed at Michigan State University takes facial recognition technology to a new level of clarity

Play Ball

How a former landfill in Utica became a luxury stadium for a new minor-league baseball league.

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

Obama Pushes False GM Success Story

Source: Investors Business Daily

The Death and Life of Detroit

Source: The American Prospect

Matty Moroun, Detroit's Border Baron

Source: Bloomberg Businessweek

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