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2018 Area Home Sales Down, Median Sales Price Up

Home sales in Livingston, Macomb, Oakland, and Wayne counties dropped 4.7 percent in 2018 compared to 2017, according to the 2018 annual review by the RE/MAX Housing Report of Southeastern Michigan.

Detroit Residential Property Values Rise 12 Percent in 2018

Residential property values last year rose across more than 90 percent of Detroit’s nearly 200 neighborhoods, says Detroit Mayor Mike Duggan. It is the second year in a row that values have increased — with a 12-percent average rise in value citywide last year.

Flagstar Bancorp of Troy Reports 2018 Income of $187M, Fourth Quarter Gains of $54M

Troy-based Flagstar Bancorp Inc. reported net income of $187 million during 2018, compared to $63 million in 2017. Its adjusted net income was $176 million last year, up from $143 million in 2017. On an adjusted basis, the company realized a 23-percent increase in net income for the full year 2018.

All-New 2020 GMC Sierra Heavy Duty Coming this Summer

Two versions of the all-new 2020 GMC Sierra Heavy Duty, which the manufacturer bills as “bigger, stronger, and smarter,” will be arriving in dealerships late this summer. Pricing and complete specifications will be detailed at a later date.

Southfield’s Brooks Kushman Law Firm Names New Executive Committee

Brooks Kushman, a nationally ranked intellectual property law firm based in Southfield, has appointed a new executive committee.

The Detroit Pistons Launch “Partner Connect” B2B Networking Program for Sponsors

In a bid to add value to its corporate partners, the Detroit Pistons have launched the “Partner Connect” business-to-business networking program. The first meeting was Tuesday morning at The Foundation Hotel in downtown Detroit.

Exclusive: The Epicurean Group in Detroit and Big Red Orchards Combine Operations, Forming a True Farm-to-table Enterprise

In what may be the first authentic farm-to-table enterprise in the region, The Epicurean Group in Detroit that includes the Novi Chophouse in Novi and the Nomad Grill in Southfield, today announced a major expansion into Macomb County with the addition of Big Red Orchard and Farm, Beef and Jeff’s Meatery and Smokehouse, and Big Red Hard Cider.

Number of 2018 Single-family Home Permits Second-highest Since 2006

The 12-month total for 2018 single-family home permits finished at 5,192, making the year the second-best since 2006, when 6,962 permits were issued, according to the Home Builders Association of Southeastern Michigan in Farmington Hills.

Study: Risk Taking Has Rewards for Women at Work, Yet Many Hesitate

Seven in 10 women (69 percent) are open to taking small risks in the workplace to further their career, but only 43 percent are willing to take bigger risks associated with career advancement, according to a study released today of more than 2,000 professional women by KPMG, an international accounting and auditing firm with a large practice in downtown Detroit.

Michigan Economic Development Corp. Approves Projects Expected to Generate $26M, Expand California’s Waymo in Michigan

Waymo, a California-based self-driving technology company, will locate its vehicle integration operations in southeast Michigan, where it will integrate its self-driving systems into the vehicle platforms of its OEM partners, the Michigan Economic Development Corp. announced today.

Holland’s Volta Power Systems, Space Craft Manufacturing in Missouri to Bring Greener Luxury RV to Market

Volta Power Systems in Holland has announced a partnership with Space Craft Manufacturing in Missouri to bring the 2019 Space Craft, the first fifth-wheel RV featuring an automotive-grade lithium ion system, to market.

Controls-Con to Bring Hundreds of Building Professionals to the Motor City in May

Controls-Con, a bi-annual conference presented by Madison Heights’ Cochrane Supply and Engineering, will provide insight on the latest technologies and possibilities of building controls, building automation, and the Internet of Things (IoT) at the MotorCity Casino Hotel from May 2-3.

Dean of Rochester Hills’ Oakland University William Beaumont School of Medicine to Step Down

Robert Folberg, the Stephan Sharf founding dean of the Oakland University William Beaumont School of Medicine in Rochester Hills, has announced he will step down from his position at a yet-to-be-determined date.

Detroit’s Kraemer Design Group Acquires Intramode, Expands Service Offerings, Promotes Three

Kraemer Design Group, a Detroit-based architecture, interior design, and creative firm, today announced it has acquired Intramode, a firm that provides high-quality products and professional services. Terms of the acquisition were not disclosed.

Connected Windshield Wipers Give U-M Researchers More Accurate Rain, Flood Data

University of Michigan researchers in Ann Arbor today announced they are using windshield wipers to provide faster, more accurate rainfall data than radar and rain gauge systems currently in place.

Detroit-based WSU Researcher Develops Computer-monitored Video Surveillance System

Nabil J. Sarhan, a professor of electrical and computer engineering at Detroit’s Wayne State University, today announced he had a patent approved for an automated video surveillance system. The system is monitored entirely by computers.

Researcher at East Lansing’s MSU Studies How to Prevent Sickness in Space

George Mias, a biochemistry and molecular biology researcher at Michigan State University in East Lansing, has received a two-year award from the Translational Research Institute for Space Health in partnership with NASA to find a way to detect illness before it happens.

5Qs: Amy Nederlander, Founder and President of L!FE Leaders Inc.

An exclusive viewing of the hit Broadway musical “Hamilton,” as well as a conversation with the producer and cast, will be available for guests of L!FE Leaders Inc.’s first Gala Event on March 28 at the Fisher Theatre in Detroit. L!FE is a Detroit-based leadership and career development program for metro-Detroit middle- and high-school students, says Amy Nederlander, founder and president of L!FE. The nonprofit organization offers two youth programs run in part by students — Excellence Corps, and Entrepreneur-ISM Intensive and Collective. The previously summer-only programs are now year-round, and student participants help keep the programs running.
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From Our Partners

What is Managed Print Services and How Does it Help Businesses?

Choosing a print solution that complements your organization's needs and employee work requirements is very important, not only from a productivity standpoint, but also for your bottom line.
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More »From the Magazine

Cybersecurity Q&A with Dvir Reznik

Senior Marketing Manager for Automotive Cybersecurity, Harman Connected Services

Dream Weaver

As president of The Rockefeller Foundation, West Bloomfield Township native Dr. Rajiv J. Shah is on a quest to make the world a better place.

Community Business

PDA Q&A: Martin Manna

The E-Interview, President of Chaldean American Chamber of Commerce, Farmington Hills

Startup Michigan

The state could drive additional growth and investment by following the Israeli economic development playbook.

Israeli Vanguard

More Michigan and Israeli high-tech companies are integrating their operations to drive new mobility platforms. A greater influx, still to come, will support the auto industry in formerly unimagined ways.

Arc of Progress

The early days of electric power in Detroit saw the launch of startup companies and created a ruckus not unlike events of the digital age.

Eyes Up

Avantius Group in Birmingham invests in proven health supplements.

Legal Brass

A lawyer in Detroit taps his manufacturing roots to better advise clients, including himself.

Spread Order

Lasting Prosperity

Michigan’s economy has accelerated over the last two years due to favorable federal policies and smart reform from Lansing. But unless state leaders lower personal taxes, remove burdensome regulations, and eliminate corporate welfare programs, the good times won’t last.

CEO Gift Guide 2018

Our holiday shopping guide takes you from the American Revolution to outer space.

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

Women in a Man’s World

Source: The Wall Street Journal

Matty Moroun, Detroit's Border Baron

Source: Bloomberg Businessweek

Obama Pushes False GM Success Story

Source: Investors Business Daily

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