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Detroit Officials: Tax Foreclosures Down 88 Percent in Past Two Years

City of Detroit and Wayne County officials today announced that tax foreclosures throughout Detroit have decreased 88 percent over the past two years, to their lowest levels since the housing market collapsed in Oct. 2008. This year, Detroit saw 786 tax foreclosures involving homes occupied by the owner, compared to 6,408 two years ago.

Report: Metro Detroit Home Sales Increase 3.1 Percent in August

Re/Max of Southeast Michigan has released its August housing report, which shows a 3.1 percent increase in home sales (5,234 homes sold) in the past month and a sale price increase of 4.2 percent to $202,063 as compared to the same period a year ago. There were 4,707 homes sold in July.

LG Chem in Troy, Proterra Co-Develop New Battery Cells for Heavy Duty Vehicles

LG Chem, a chemical engineering company that operates its North American headquarters in Troy, has collaborated with Proterra, a Calif.-based innovator in heavy-duty electric transportation, on a battery cell optimized to meet the unique performance and safety demands of the heavy-duty vehicle market.

Greektown Casino-Hotel to become Jack Detroit Casino-Hotel by May 2018

Jack Entertainment, a Detroit-based gaming company, has announced the transition from Greektown Casino-Hotel to Jack Detroit Casino-Hotel will be completed by May 2018. Upon completion, the casino will offer new dining and entertainment experiences.

Washtenaw County Approves Proposal for Net-Zero Energy Home Community in Ann Arbor

Washtenaw County has approved Veridian at County Farm, an environmentally sustainable community of up to 150 residential homes on 12.5 acres of vacant, county owned land. The project is expected to break ground in 18 months and will take two to three years to complete, pending city rezoning and site plan approval.

PayAnywhere Offers Bluetooth Credit Card Readers at No Cost

Troy-based PayAnywhere, a mobile point-of-sale (POS) solution working to provide merchants with tools to grow their businesses today announced it will offer the PayAnywhere 2-in-1 Bluetooth Credit Card Reader at no cost to all business owners who use the service. The PayAnywhere card reader transforms any Apple or Android device into a mobile POS system and is available on both App stores.

Ford, Mahindra Explore Strategic Cooperation to Increase Profits in India

Ford Motor Co. and India-based Mahindra Group today agreed to explore a strategic alliance designed to leverage the benefits of Ford’s global reach and expertise and Mahindra’s scale in India and successful operating model. The agreement will allow each company to leverage their multiple strengths as the automotive industry continues to evolve.

NextGen Mapping Technology Co. Ushr Inc. in Detroit Secures $10M in Series A Funding

Ushr Inc., a Detroit-based creator and provider of high-definition mapping technology and software for autonomous vehicles, has received $10 million in Series A funding, commensurate with its spin-off from GeoDigital Inc. The investment was led by Forte Ventures with participation from EnerTech Capital, Emerald Technology Ventures, and GM Ventures.

Automotive Interiors Expo Coming to Novi Oct. 24-26

UKi Media and Events will be hosting its annual Automotive Interiors Expo at the Suburban Collection Showplace in Novi from Oct. 24-26. Organized by the publishers several international trade publications, the event will include more than 300 exhibitors, product demos, panel discussions, symposiums, and networking opportunities.

Saint Joseph Mercy Health System Opens Urgent Care, Student Health Center at Schoolcraft College

Saint Joseph Mercy Health System (SJMHS) has opened a new 6,000-square-foot urgent care and student and employee health center on the corner of the Schoolcraft College campus in Livonia. The site is located on the first floor of the Jeffress Center, near the corner of 7 Mile and Haggerty Road.

BLOG: Warning Flags Rising for Private Equity Firms

Private Equity (PE) firms and their limited partner investors will be facing significant headwinds in the coming years due to high company valuations, record levels of dry power (cash reserves) to invest, and more exit transactions akin to rearranging deck chairs by selling holdings to other PE funds rather than creating IPOs or arranging sales to strategic acquirers. 

5Qs With Ken Hopkins, Cattle Baron’s Ball Finance and Sponsorship Committee

When Ken Hopkins attended the inaugural Cattle Barons Ball 15 years ago, he knew he had found what he’d been looking for, a meaningful way to help cancer survivors and be involved in his community. DBusiness Daily News spoke with Hopkins about what keeps him coming back to the annual Cattle Baron’s Ball and what guests can expect during this year’s event, which takes place Sept. 23 at Cobo Center.

Lighting Systems, New Eagle Debut Zero Emissions Electric System for Ford Vehicles

Novi-based Lighting Systems, a developer of high efficiency and emissions improvement solutions for fleets worldwide, today announced it will introduce, in partnership with Ann Arbor-based New Eagle a zero emissions full electric system for Ford Motor Co. Transit passenger wagon, van, cutaway, and chassis cab models.

TiECon Detroit Announces Keynote Speakers for November Conference

TiE Detroit, the Detroit chapter of the global non-profit organization for entrepreneurs, has announced that its TiECon Detroit entrepreneurial conference will take place Nov. 9-10 at the Detroit Marriott at the Renaissance Center.

Dow Packaging and Specialty Plastics Collaborates on Recycled Plastic Trash Bags

Dow Packaging and Specialty Plastics, a business unit of Midland-based DowDuPont Materials Science, has developed a trash bag made from post-industrial plastic scrap that will be used to reduce marine debris.
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More »From the Magazine

Pomp and Pageantry

The 2017 Concours d'Elegance celebrated custom coach builders in America and Europe.

Digital Divide

Consumers may prefer to have the latest technology in their new vehicles, but all the added hardware and software can be confusing out on the road.

Design Studio

Toll Brothers, a residential building outfit in metro Detroit, is using a 5,000- square-foot design studio to show off all of the different options they can build with.

Express Payment

A novel kiosk payment system launched in Detroit expands its offerings.

Grounds For Success

A fifth-grade class in southwest Detroit is selected as Young CEOs of the Year.

PDA Q&A: Alan Jay Kaufman, E-Interview

Interview with CEO of H.W. Kaufman Financial Group in Farmington Hills.

eGoals

Mark Bellissimo took over JRT Agency two years ago. Ever since, the company has been thriving.

Stress-Buster

A relaxation room on wheels offers area workers a break from the grind.

The Encore

Former GM design chief Ed Welburn isn't taking retirement lightly.

Margin For Error

Donald Trump's upset win in Michigan during the 2016 presidential election exposed polling industry problems in the state that may prove long-lasting.

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

Women in a Man’s World

Source: The Wall Street Journal

Obama Pushes False GM Success Story

Source: Investors Business Daily

The Death and Life of Detroit

Source: The American Prospect

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