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Loc Performance Products in Plymouth Township to Manufacture Armored Assembly for U.S. Army

Plymouth Township’s Loc Performance Products Inc. was today awarded a contract to manufacture an armored assembly for the U.S. Army’s Multiple Launch Rocket System.

Treetops in Gaylord Expands with 25 New Rental Properties Set to Open in Spring 2019

Treetops Resort in Gaylord, which offers five golf courses, multiple ski runs, and other amenities, today announced it will break ground on 25 new rental homes near its newly-renovated clubhouse and hotel. The first rental homes, each offering four bedroom suites, will be available in the spring.

Auburn Hills’ FCA to Manufacture Power Electronics Component in Toledo for First Plug-in Hybrid Jeep

Auburn Hills-based Fiat Chrysler Automobiles has announced it has awarded the production of the power electronics module for the Jeep Wrangler plug-in hybrid electric vehicle (PHEV) to its Toledo Machining Plant in Ohio. The vehicle is set to launch in 2020.

Woodland Mall in Grand Rapids to Add Von Maur, Urban Outfitters, REI, and More Retailers

Woodland Mall in Grand Rapids today announced it will add Von Maur, a 90,000-square-foot department store, that will replace the former Sear’s store. The Von Maur store, the first in the region, is scheduled to open in October 2019, according to PREIT, the mall’s owner.

U.S. Army to Test Ann Arbor-based Kraig Biocraft’s Dragon Silk

Kraig Biocraft Laboratories Inc. in Ann Arbor today announced it has delivered ballistic shootpack panels to the U.S. Army made of the company’s Dragon Silk material. The panels will be evaluated for effectiveness in stopping bullets.

Blog: Put People Before Perks to Refocus Your Talent Strategy

Sometimes, the most valuable lessons happen when you least expect it. I was reminded of that when a recent business venture took me literally off the grid in Detroit, onto streets my GPS didn’t recognize.

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.
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