Olympia Development in Detroit, along with several development partners, today announced $160 million in new and renovated housing and retail projects in downtown Detroit and Midtown. Four buildings will be renovated, while two new projects will be built next to Little Caesars Arena, the 20,000-seat venue that will be home to the Detroit Red Wings and Detroit Pistons when it opens in September.
Jackson-based energy provider Consumers Energy today announced a solar energy pilot program, allowing customers to put solar panels on the rooftops of their homes. In collaboration with California-based SunPower, the program offers long-term financing options, 25-year power and product warranties, and installation options.
Detroit-based private equity firm Huron Capital has announced that its portfolio company, Dallas-based Good Sportsman Marketing (GSM), recently completed two add-on acquisitions. GSM acquired Scent Web from Beaverton, Mich.-based A-Way Hunting Products Inc., and Eugene, Ore.-based Bullseye Camera Systems. The acquisitions represent the second and third add-on deals for GSM since Huron Capital’s initial investment in June 2016.
Plymouth Township-based Varroc Lighting Systems has announced an expansion into the Brazilian market, supporting the company’s global growth plans. The strategic expansion was made possible through a partnership with German company Merka Lang, with both companies now sharing a 66,000-sqaure foot facility in Sorocaba, where Merka Lang has been operating since 1998.