Google has signed a lease for new office space adjacent to Little Caesars Arena in Detroit. Located at 52 East Henry St., the 29,178 square foot facility will house more than 100 media sales and technical support employees by spring 2018.
Instead of the predicted fall slowdown, Re/Max of Southeastern Michigan’s October housing report indicates home sales have increased 5.3 percent year-over-year to a total of 4,650 last month, and median sales prices have increased 8 percent to $201,125.
After debuting a pursuit-rated hybrid plug-in police vehicle earlier this year, Ford Motor Co. today announced a plug-in vehicle designed for police and fire chiefs, detectives, and government personnel who don’t require a pursuit-rated vehicle.
Penske Truck Leasing, a division of Bloomfield Township-based Penske Corp., today announced the company’s first fully integrated custom application that provides truck drivers with Hours of Service (HOS) functionality to meet a federal electronic logging device (ELD) mandate.
Southfield-based Sterling Bancorp. Inc. today announced the pricing of its initial public offering of 15 million shares of its common stock at a public offering price of $12 per share. Sterling is offering 7,692,308 shares and the selling shareholders are offering 7,307,692 shares of Sterling’s common stock. Shares are expected to begin trading on the NASDAQ Capital Market today under the symbol SBT.
Michigan Gov. Rick Snyder today announced the appointment of Elizabeth Clement, a legal expert who served as the administration’s chief legal counsel, to the Michigan Supreme Court. Travis W. Weber will replace Clement as Gov. Snyder’s chief legal counsel, and Frederick Headen will join the office as senior legal counsel.
Finding opportunity in Detroit’s growing sports and entertainment markets, Detroit Arena View Properties has launched a collection of themed overnight rental properties that target business travelers, tourists, and visitors.
Auburn Hills-based automotive supplier Faurecia says it will reveal disruptive innovations for personalized experiences in its flexible and connected Cockpit of the Future during the Consumer Electronics Show in Las Vegas from Jan. 9-12.
Mie Radici, a family-owned small business featuring authentic Sicilian olive oil and balsamic vinegars, wall open Saturday, Nov. 18, at Laurel Park Place in Livonia. The boutique company was founded by Vincent Marino and his daughter, Hayley, with the goal of bringing traditional olive oil to the United States.
Southfield-based automotive supplier and developer Federal-Mogul Powertrain today announced the acquisition of United Kingdom-based clean technology development company Controlled Power Technologies (CPT).
Flint-based Diplomat Pharmacy Inc. today announced a definitive agreement to acquire Leehar Distributors for a gross purchase price of $595 million, doing business as LDI Integrated Pharmacy Services. The transaction is expected to close in 30-60 days.
Beaumont Hospital in Dearborn has completed renovations for their neonatal intensive care unit (NICU), which cares for babies that are premature, born with underdeveloped organs, and facing medical conditions such as sepsis, seizures, or heart defects.
If Southwest Solutions, a multifaceted human services agency in Detroit, did nothing else but renovate affordable homes and sell them to lower-income residents, homeless people, or veterans, it would fail.
Rebuilding urban districts lining Michigan Avenue — Corktown in Detroit and the two downtown areas of Dearborn — follow a similar formula: Get land control, find strong developers, reduce red tape, and rebuild.