The shortage of available homes continues to impact the market, driving up home prices. A total of 5,271 homes were sold this June, meaning home sales have increased 0.6 percent from last year. Home prices are 7.5 percent higher than last year, with a June median sales price of $206,502. Oakland County saw the biggest increase in home prices over last year at 10 percent. However, Livingston, Macomb, and Oakland counties each saw decreases in total home sales.
Online automotive retailer Edmunds today announced research that indicates the diversification of environmentally-friendly SUV lineups has propelled a jump in sales of green vehicles during the first half of 2017, marking the end of a three-year decline in green vehicle sales. The car-buying platform says SUVs now makeup 22.9 percent of the green vehicle market, up from 5.2 percent in 2012.
Researchers at the University of Michigan have developed a new technique that peppers metallic nanoparticles into semi-conductors and can improve the quality of LED lighting by 50 percent and could pave the way for invisibility cloaking devices. The technique is the first to inexpensively grow metal nanoparticles both on and below the surface of semi-conductors and could allow manufacturers cut further costs in the future.
Basalt Infrastructure Partners II LP and its consortium partner, DCO Energy, today announced an agreement to acquire Detroit Renewable Energy (DRE). The proposed acquisition will benefit DRE’s employees, customers, and Detroit community members.
Detroit automaker General Motors Co. has launched GM Dev Client, an industry-first app for approved developers to test their applications in a real GM vehicle. In-vehicle testing is available for all developers whose proof of concept has been submitted using GM’s infotainment software development kit that was launched in January, NGI SDK, and has been approved by GM.
Buyers will be able to name their price when a 20-acre Harbor Spring estate goes to auction with no minimum or reserve on Sept. 2. The property comes with a 6,700-square-foot home complete with five bedrooms and four and a half baths, as well as horse stables, a paddock, an indoor riding area, barn, a guest cabin that sleeps six, a trout pond, and other amenities.
Detroit-based design consultancy Kyle Evans Design (KED) was hired by chef Zak Yatim to design Eatori Market, which is slated to open in Detroit’s Capitol Park in August. Located at 1215 Griswold St. near the Westin Book Cadillac Hotel, the space is being designed as a dual-purpose bar and restaurant with a specialty market for grab-and-go items.
PPG, a global coatings and materials company that operates its North American headquarters in Troy, today announced the acquisition of coating applications services provider The Crown Group. The transaction is subject to customary closing conditions and is expected to close in the third quarter this year.
The Detroit Zoo today announced that the North American river otters are moving into a newly-renovated and expanded habitat. Following a gift from the Edward Mardigian Family Foundation, the habitat was increased to 2,500 square feet of space from 680 square feet, highlighted by new indoor and outdoor elements.
Auburn Hills automaker FCA US today announced that registration is open for legal drag racing on Woodward Avenue as part of the Roadkill Nights Powered by Dodge event, which will take place on Aug. 12 at the M-1 Concourse in Pontiac. The drag racing event and car festival has a total cash purse of $29,000, with $10,000 awarded to the fastest Dodge car.
Design experts at Scott Shuptrine Interiors, a division of Warren-based Art Van Furniture, has announced new customizable designer packages including complimentary design services to advise those looking to update their homes. The luxury retailer has 11 interior design-related offerings, including in-home consultation, style and budget determination, and spatial planning.
Seven technologies demonstrating high potential to help solve transportation issues are receiving $600,000 in total funding from the University of Michigan’s Michigan Translational Research and Commercialization (MTRAC), a statewide innovation hub program to continue their advancement to the commercial market.