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Report: Detroit’s Home Prices Have Second-highest Growth in U.S., Grand Rapids Homes Sell the Quickest

Metro Detroit home prices have increased by 15 percent year-over-year in July, the second highest increase in the country, according to Redfin, a Washington-based real estate brokerage. Nationally, home prices were up 5.3 percent in July with a median price of $307,400.

Dearborn’s Ford Unveils Fastest Drag Racing Mustang

Ford Performance, a division of Dearborn’s Ford Motor Co., Thursday unveiled its 50th Anniversary Mustang Cobra Jet race car. It is the fastest drag racing Mustang ever, capable of covering one-fourth of a mile in the mid-8-second range.

Peninsula Capital Partners in Detroit Invests in Georgia-based Pro-Tec Fire Protection

Detroit–based Peninsula Capital Partners today announced it has completed an investment in Pro‐Tec Fire Protection in Loganville, Ga. The investment was made by Peninsula’s most recent investment partnership, Peninsula Fund VI L.P., with committed capital of $402 million.

CORE Partners Becomes Bingham Farms-based Dominion Real Estate Advisors and Dominion Realty Services

A pair of new full-service real estate firms, Dominion Real Estate Advisors and Dominion Realty Services (Dominion), made up of several local real estate investors, was announced today.

Detroit’s Huron Capital, Chicago’s KCM Capital Partners, and Ohio’s Stonehenge Partners Invest in New Jersey’s Atlantic Beverage Co.

Detroit’s Huron Capital, a lower-middle-market private equity firm, has partnered with Chicago’s KCM Capital Partners and Columbus, Ohio-based Stonehenge Partners in a joint investment in Atlantic Beverage Co., a national food service supplier based in New Jersey. Terms of the deal were not disclosed.

Federal Reserve Lifts Supervisory Agreement With Troy’s Flagstar Bancorp

Troy-based Flagstar Bancorp Inc. has announced that the Federal Reserve has lifted its Supervisory Agreement with the company, effective Aug. 14.

Report: Ford’s First Self-delivery Vehicles to be Sold to Fleets That will Service Businesses and Consumers

Ford Motor Co. in Dearborn today released a report, “A Matter of Trust: Ford’s Approach to Developing Self-driving Vehicles,” that reveals its autonomous vehicles won’t initially be sold to customers in the way that cars are today. The automaker plans to introduce its first self-driving vehicles in 2021.

Gov. Snyder Announces Universal Access to High-speed Internet Across Michigan

Gov. Rick Snyder, along with state technology and business leaders, today announced a plan to provide universal access to high-speed internet for every Michigan resident, business, region, and community. The new Michigan Broadband Roadmap sets the path for improving access and adoption of broadband throughout the state.

Michigan Recycling Businesses GLR Advanced Recycling and PADNOS Combine

Roseville-based GLR Advanced Recycling and Holland-based PADNOS today announced they have combined, with PADNOS acquiring a significant interest in GLR. The new partnership will include 24 locations throughout Michigan. Both companies will operate under their current names.

Royal Oak-based PIXO VR and Silicon Valley’s HP Partner on New Virtual Reality Training for Businesses

PIXO VR in Royal Oak and HP in Silicon Valley today announced they are joining forces to bring virtual reality training to enterprises around the world. PIXO VR is a virtual reality software designer that develops AAA-game quality VR training experiences.

Engineers at Ann Arbor’s U-M Develop Longer-lasting Batteries Using Ceramic

Engineers at Ann Arbor’s University of Michigan have developed a rechargeable battery that could double the output of today’s lithium ion cells, extending electric vehicle ranges and time between cell phone charges without taking up additional space, the school announced Wednesday.

In-dash Fuel Payment Now Available Through Texas-based Shell Oil Co. and Detroit’s GM

Texas-based Shell Oil Co. today announced that Shell-branded stations across the U.S. now accept Detroit-based General Motors Co.’s in-dash fuel payment and loyalty experience.

Detroit’s United Way for Southeastern Michigan to Move to Detroit’s Fisher Building

Detroit-based United Way for Southeastern Michigan today announced it plans to move its corporate office to the Fisher building in Detroit’s New Center.

West Bloomfield Township’s Planterra Conservatory to Expand

Planterra Conservancy in West Bloomfield Township today announced construction plans have been approved for an outdoor wedding space, building addition, and upgrades to the glass-enclosed conservatory near 14 Mile and Drake roads.

McDonald’s Investing $205M in Updates to Michigan Locations

McDonald’s Tuesday announced the company and its franchisees are investing about $205 million on the construction and modernization of some 400 McDonald’s restaurants in 2018 and 2019 in Michigan.
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More »Marco Leadership Insights

Be a Good Cheerleader

Has this ever happened to you? Someone received a promotion, award or another commendation and you thought it should have been you. The feelings of jealousy or envy naturally set in. What you do next could define your career.
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More »From the Magazine

Homebred

More than a wealthy enclave, Indian Village brought architectural richness and exceptional civility to Detroit.

Higher Support

More and more companies and businesses are supporting employees in their efforts to receive higher education.

Chocolate Collateral

A cuisine team from Redford Township converges on cocoa.

Pixar Persuasion

The force was with Jay Shuster, and he rode it all the way to Hollywood.

Parts Air

Ford Motor Co. utilized a massive Antonov AN-124-100 aircraft to ensure the delivery of a 87,000-pound die.

Lip Service

Aspiring beauty mogul Adonai Alexander is our Young CEO of the Year.

Immigration Nation

Low unemployment and rising job postings should be a catalyst for the federal government to boost the number of immigrants entering our country.

Virtual Clouds

Data centers benefit from the region’s stable environment and market access.

A New Hope

Exhibitions are a huge draw for the Detroit Institute of Arts, and to be successful, they must be researched, planned, choreographed, and presented in exacting detail.

PDA: Q&A Elissa Noujaim Pinto

The E-Interview, Shareholder, Butzel Long, Bloomfield Hills

Meat Market

Once a small enterprise, the Peters’ food empire has grown to $40 million in annual sales.

Mortgage Might

Metro Detroit’s mortgage industry, which has three of the top 12 home loan companies in the nation, can realize further growth by taking advantage of new business-friendly regulations, investing more in technology, and providing a better customer experience.

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

Women in a Man’s World

Source: The Wall Street Journal

Matty Moroun, Detroit's Border Baron

Source: Bloomberg Businessweek

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