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Latest News Archive

Bedrock Breaks Ground on Detroit’s Monroe Blocks Mixed-use Project

Detroit’s Bedrock today broke ground on its 1.4-million-square-foot Monroe Blocks project, which will be located at the corner of Monroe Street and Campus Martius in downtown Detroit.

Livonia’s Pet Supplies Plus Acquired by Sentinel Capital Partners

Livonia’s Pet Supplies Plus, the third-largest pet store chain in the U.S., has been sold to Sentinel Capital Partners, a New York-based private equity firm. Terms of the transaction were not disclosed.

Dearborn Heights’ English Gardens Acquires Plymouth Township Nursery

Dearborn Heights-based English Gardens today acquired Plymouth Nursery in Plymouth Township. The transaction marks English Gardens’ sixth location in metro Detroit.

Enterprise Holdings to Add 100,000 Connected GM Cars to Rental Fleet in 2019

Enterprise Holdings plans to increase its fleet of connected General Motors rental vehicles by 100,000 during the next 12 months.

Troy’s Allegra Marketing Print Mail Acquires Midwest Banner

Troy’s Allegra Marketing Print Mail Wednesday announced it has acquired Midwest Banner, a signs and graphics company also located in Troy. As part of the deal, Midwest Banner now is operating as Image360.

Novi’s Stoneridge Pushes Technology Strategy with $10M Investment in California’s Autotech Ventures Fund

Novi-based Stoneridge Inc. will invest $10 million over the next 10 years in a fund managed by Autotech Ventures, a Menlo Park, Calif. venture capital firm focused on ground transportation technology.

Gov. Snyder Signs Legislation to Create Authority to Oversee Straits of Mackinac Line 5 Replacement

Michigan Gov. Rick Snyder today signed legislation to protect the Great Lakes, provide energy security for the state’s residents, and create better infrastructure connections between Michigan’s peninsulas.

Bloomfield Hills’ Agree Development to Acquire 100+ Sherwin-Williams Retail Properties

Bloomfield Hills-based Agree Realty Corp. Tuesday announced that through its subsidiary, Delaware-based Agree Development, it has entered into a purchase agreement for the acquisition of a portfolio of more than 100 retail properties in connection with a sale-leaseback transaction with The Sherwin-Williams Co.

Gilbert Family Foundation Gives $12 Million to NF1 Gene Therapy Research

The Gilbert Family Foundation is providing $12 million over the next three years to several teams researching the underlying genetic abnormalities in neurofibromatosis type 1 patients in hopes of facilitating a cure for the disease. This is the organization’s first initiative involving gene therapy.

DoubleTree by Hilton Opens New Luxury Hotel in Bloomfield Hills

Metro Detroit’s newest luxury hotel, the DoubleTree by Hilton that was redeveloped from the former Kingsley Inn, expects to greet its first public guests in mid-to-late December, just in time for the holiday season. The property has undergone a complete, multi-year renovation.

Site Prep to Begin for Pullman Parc Residential Development in Detroit’s Lafayette Park

Site preparation will begin on Pullman Parc, a four-acre residential development planned for Detroit’s Lafayette Park, Detroit’s Broder and Sachse Real Estate, Farmington Hills’ Hunter Pasteur Homes, and Southfield’s Woodborn Partners announced today.

Troy’s Rehmann Merges with Florida’s Lamn, Krielow, Dytrych & Co.

Troy-based financial services company Rehmann is continuing its growth in Florida with the merger of Jupiter’s Lamn, Krielow, Dytrych & Co., which has served southeast Florida for nearly 50 years.
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