Beaumont Health today announced retailers for Woodward Corners, a $32.8-million, 117,000-square-foot commercial development located at the southwest corner of 13 Mile Road and Woodward Avenue in Royal Oak.
Bloomfield Hills-based Taubman Centers Inc., a large luxury shopping mall developer, has agreed to sell 50 percent of its Taubman Asia’s interests, worth $480 million, in three Asia-based shopping centers to funds managed by The Blackstone Group in New York City.
Detroit officials say the city intends to sell the historic Lee Plaza to a venture being formed by Roxbury Group and Ethos Development Partners, both in Detroit, for redevelopment. The building is located along W. Grand Boulevard, near Linwood Avenue, and the project is estimated to cost more than $50 million.
William Davidson Foundation for Entrepreneurship to Provide Educational Experiences at The Henry Ford in Dearborn
The Henry Ford in Dearborn today announced the launch of the William Davidson Foundation Initiative for Entrepreneurship, made possible by a $1.5-million grant, that allows the institution to provide the next generation of entrepreneurs hands-on learning experiences.
Detroit’s Guardhat, an industrial safety technology company specializing in digitally connected wearables, infrastructure, and software platforms, Wednesday announced it will collaborate with IBM Watson Internet of Things (IoT) to provide near real-time situational awareness using smart personal protection equipment.
The 10-millionth Pentastar engine, which powers 16 current and future FCA U.S. vehicle models, came off the assembly line at the automaker’s Trenton Engine Complex Wednesday.
Sigma International, a Livonia-based Tier-1 global automotive decorative trim supplier, has acquired a majority interest in CINOS, an LED lighting supplier based in South Korea. Details of the acquisition were not disclosed.
According to the 2019 Tech Vision report from Detroit’s Accenture, 68 percent of Detroit business executives say their employees are more digitally mature than their organizations, creating workforces that are waiting for the organizations to catch up.
Ann Arbor’s May Mobility today announced that Millennium New Horizons and Cyrus Capital Partners have joined its investor-base, co-leading a $22-million Series A round, with LG Technology Ventures and Thayer Ventures participating with return investors BMW i Ventures, Maven Ventures, Toyota AI Ventures, and Y Combinator.
Dynamic Map Platform Co. Ltd. in Tokyo has agreed to acquire Livonia mapping company Ushr Inc., which will establish a single, enhanced platform for accelerated development and delivery of high-definition mapping solutions for autonomous vehicles and advanced driver-assistance systems. Terms of the deal were not disclosed.
Chicago-based United Airlines has selected GoJet, a regional airline operating as United Express and Delta Connection, to fly Bombardier’s new aircraft, the CRJ550. The companies have executed a letter of agreement to operate the aircraft for 10 years. GoJet is headquartered in St. Louis and has a crew base in Romulus.
Marc Jacobs International and Detroit’s Bedrock Manufacturing have agreed to design, produce, and launch a collection of Marc Jacobs watches.