Daily News - Archive

Edit ModuleShow Tags

Novi’s DexKo Global Acquires Minority Shareholding in Air Suspension Company in the Netherlands

DexKo Global Inc., a Novi-based manufacturer of chassis technology, assemblies, and accessory parts, has acquired a minority shareholding in VB-Airsuspension B.V., which is based in Varsseveld, Netherlands. Details of the transaction were not disclosed.

Southfield Firm Brokers Deal Between SoundCom Corp. and Ametek Inc.

Ametek, a supplier of electronic equipment in Pennsylvania, has acquired SoundCom Corp., based in Cleveland. P&M Corporate Finance LLC (PMCF) in Southfield made the announcement and served as the exclusive financial adviser for the deal.

Charlotte’s Spartan Motors Awarded Four-year Contract with the National Joint Powers Alliance

Spartan Emergency Response, a business unit of Charlotte, Mich.’s Spartan Motors Inc., today announced it has been awarded a four-year contract with the National Joint Powers Alliance (NJPA), a municipal contracting agency.

Downtown Detroit Partnership Perceptions Survey Shows Positive Impressions of CBD

The Downtown Detroit Partnership (DDP) and the Downtown Business Improvement Zone (BIZ) today released the results of its 2018 Perceptions Survey, which showed that overall impressions of the central business district are positive.

Block Auction House Opens in Ferndale, Will Host Community Events

Block Auction House, an affiliate of Aaron’s Estate Sales in Birmingham, Friday announced it has completed its move into a new auction house in Ferndale.

Tata Technologies Moves North American Headquarters to Detroit

Tata Technologies, a Tata Group company and a global engineering consulting organization, today announced it is relocating its North American headquarters to Detroit from Novi in early 2019.

Michigan’s Craft Beer Industry Grows to More Than 250 Breweries, Drives $2B in Economic Activity

The Michigan Association of CPAs (MICPA) in Troy, in a new report, announced that Michigan is the fourth largest state in the country for the number of breweries per capita, with more than 250 craft breweries that add more than $2 billion in total economic contribution to the state. Of this, $600 million are in direct wages.

General Motors Co. in Detroit Opens Race Display in Renaissance Center

Detroit’s General Motors Co. today announced it has opened a display of a dozen modern and vintage racing vehicles and pace cars from across the motorsports spectrum in GM World, a new display area at its world headquarters at the Renaissance Center.

Ann Arbor’s Strata Oncology Secures $26M in Series B Funding

Strata Oncology, a precision oncology platform company based in Ann Arbor, has announced the close of a $26 million Series B funding round.

Standard & Poors Raises Beaumont Health’s Long-term Credit Rating to A+

Beaumont Heath in Southfield today announced its long-term credit rating has been raised to A+ from A with a stable outlook by Standard & Poors (S&P).

Quicken Loans Partners with Grand Circus and CSforALL to Offer Coding Training to Detroit Students

Quicken Loans Inc. in Detroit Thursday announced a partnership with Detroit’s Grand Circus and CSforALL in a step toward ensuring 15,000 Detroit students receive computer science training over the next five years.

Report: Wage Increases Lower Than Expected, According to Livonia’s American Society of Employers

The American Society of Employers (ASE), a Livonia-based employer association that has served Michigan employers for 115 years, Wednesday released its 2018 Compensation Survey results. While expected wage increases have not come through, the human resources, medical, and engineering fields saw the highest increases.

Report: Federal Tax Reform Will Continue to Advance U.S., Michigan Economy, Upcoming Elections Cause Uncertainty for State

Business Leaders for Michigan Wednesday released its second quarter 2018 economic forecast, which predicts tax reform will continue to advance the Michigan and United States economies.

Auburn Hills’ Faurecia Invests in Traverse City Automotive Heating and Cooling Startup for Cockpit of the Future

Faurecia, an automotive technology company in Auburn Hills, Wednesday announced it has invested in Promethient, a Traverse City-based startup that designs and produces a climate control technology that is adaptable for multiple vehicle thermal use cases.

Clinton Township-based PPD to Combine Headquarters and Engineering Facilities, Move to Shelby Township

Polymer Process Development (PPD), a company that specializes in encapsulating glass for automotive industries and other areas, will move its headquarters and engineering/warehousing facilities into 75,000 square feet of leased space in Shelby Township.

GM Extends its Military Discount to Three Years After Discharge

General Motors has announced that all four of its brands — Chevrolet, Buick, GMC, and Cadillac — have extended their military discount for all military personnel to up to three years after discharge.

5Qs: Syd Ross on The Garden Party’s 10th Anniversary

Over the last 10 years, the Garden Party Foundation, which will host its annual Garden Party fundraiser event on June 10 at Meadow Brook Hall in Rochester Hills, has raised around $1 million for student educational programs among the professional trades as well as several charities. Syd Ross, founder of the Garden Party Foundation and president of Great Lakes Wine & Spirits in Highland Park, spoke with DBusiness Daily News on the 10th anniversary milestone.

Bosch in Farmington Hills Uses Redundant Driving Solutions, Connectivity to Pave Way to Automated Driving

Bosch, which has its North American headquarters in Farmington Hills, is paving its way to automated driving through its redundant driving solutions (technology that keeps a car functioning safely in case of human failure) and connectivity.

Report: Clean Mobility Contributes $18.8B to State Economy Annually

The clean mobility sector in Michigan contributes $18.8 billion to the state’s economy and generates more than $700 million in state and local tax revenue annually, according to a new economic analysis released today by Clean Fuels Michigan, a Lansing-based group of local companies and organizations focused on clean transportation.

Detroit’s Chevrolet Racing Partners With The Weather Co. to Boost Track Performance

Chevrolet in Detroit’s Chevrolet Racing today announced it is working with The Weather Co., an IBM business headquartered in Atlanta, to add advanced weather technology to the toolbox provided to Chevrolet race teams so they can understand how they perform under specific weather conditions.

Ann Arbor’s Kraig Biocraft Laboratories Inc. Uncovers Breakthrough in Spider Silk DNA Construction

Kraig Biocraft Laboratories Inc. in Ann Arbor Tuesday announced it has achieved a major breakthrough in the construction of DNA encoding for spider silk proteins. The company believes the discovery will reduce the customization timeframe for new spider silk technologies by several months.

Farmington Hills’ Kyyba Innovations Invests in Detroit Vehicle Subscription Company Carma Car

Kyyba Innovations in Farmington Hills, a company that makes investments in startups, Tuesday announced it has invested in Carma Car, a vehicle subscriptions company in Detroit.

New York’s Better Mortgage Now Available to Michigan Residents

Better Mortgage, a digital mortgage company based in New York, Tuesday announced it is expanding services to homebuyers in Michigan. The company now operates in 16 states.

Prince Concepts Details Plans for Major Mixed-use Development on Detroit’s West Side

Prince Concepts, which owns the popular restaurant TAKOI and built the True North mixed-use project, both in Detroit, today released details about a new 50,000-square-foot development now underway at several neighboring sites bounded south of Grand River and Warren avenues, which is about two miles northwest of downtown Detroit.

Michigan Strategic Fund Approves Tax Incentives for Bedrock’s Major Developments in Downtown Detroit

The Michigan Strategic Fund (MSF) today approved Bedrock’s use of the MIthrive financial tool, which clears the final hurdle for the company to lock in $2.2 billion in new investment in downtown Detroit among four different projects, including a major redevelopment of the Hudson’s site.

Report: Boat Sales at a 10-year High, Michigan Sales Third Highest in Nation

Data released today by the National Marine Manufacturers Association (NMMA) in Chicago show total marine expenditures were at an all-time high in 2017 at $39 billion, up 7 percent from 2016. The number includes spending on new boats, engines, trailers, accessories, and services.

Advanced Manufacturing Employment in Michigan Reaches New Heights

Advanced manufacturing employment in Michigan has reached more than 700,000 workers, according to a new report from Detroit-based Lightweight Innovations for Tomorrow (LIFT). The employment level is the highest in the industry since 2006.

Housing Permits in April at Their Highest Level Since 2006, Fueled by Low Inventory of Existing Homes

Housing permits in April were at the highest level they had been since April 2006, according to a report released today by the Home Builders Association of Southeastern Michigan in Farmington Hills.

Priority Health in Grand Rapids Announces New Agreement with Cigna Payer Solutions in Connecticut

Grand Rapids’ Priority Health today announced a new agreement with Connecticut-based Cigna Payer Solutions. The agreement with Cigna will enable Priority Health members who travel out of state to access Cigna’s PPO network of nearly 1 million health care providers nationwide for services outside of Michigan.

Small Business Group Says Minimum Wage Increase Will Cost the State 183,000 Jobs, Reduce Real Output by $76B

The Lansing branch of the National Federation of Independent Business (NFIB) has concerns a ballot proposal to increase Michigan’s minimum wage would cost the state 183,000 jobs if it became law, the group announced today.

Detroit’s Wayne State University Helps Develop Design Technique for Microsensors With Extremely Small Footprints

Researchers at Detroit’s Wayne State University have developed a new technique for designing microsensors that allow for significantly enhanced sensitivity and a very small footprint. The findings were published last week in Nature Electronics.

Roush CleanTech in Livonia Extends Alternative-fueled School Bus Partnership

Livonia’s Roush CleanTech, an alternative fuel vehicle technology company, has extended its alternative-fueled school bus partnership with Georgia’s Blue Bird Corp., an independent designer and manufacturer of school buses, through 2025.

Veterinary Ophthalmologist at East Lansing’s MSU to Research Whether Gene Therapy for Dogs Can Prevent Human Blindness

A veterinary ophthalmologist at East Lansing’s Michigan State University has received a five-year, $8.2-million grant to research whether a gene therapy that prevents blindness in dogs can be applied to humans, the school reported Friday.

Ann Arbor’s Duo Security Partners with Virginia’s OPAQ Networks to Create a Security-as-a-service Platform

Duo Security in Ann Arbor, a company that helps defend organizations against cyber breaches through its cloud-based product, has partnered with Virginia’s OPAQ Networks, a security cloud company, to integrate Duo with the OPAQ security-as-a-system platform. OPAQ managed security services partners can now offer Duo’s Trusted Access platform to protect its customers’ systems and data from unauthorized access.

Blog: More Companies Should use Rotational Programs to Attract Talent, Provide Opportunity

College seniors across the country have graduated from their respective schools and have become the newest wave of prospects eager to join the workforce. A good number of graduates likely have jobs lined up already, while even more will still be on the hunt to get their foot in the door of specific companies. Companies have to do more in light of the intense competition for talented workers and college graduates — and rotational programs are a great option.

Continental in Auburn Hills Increases Investment in Silicon Valley Company

Auburn Hills technology company and automotive supplier Continental Thursday announced it is increasing its investment in DigiLens Inc., a company in Silicon Valley specializing in holographic waveguide projection technology. Continental will hold close to 18 percent of DigiLens after its Series C financing round.

Unison, a Data Analytics Firm in Birmingham, Acquires Brand Machine in Troy

Birmingham’s Unison, a data analytics company, today announced it has acquired Troy’s Brand Machine, a brand solution company. The deal closed on May 15. Details of the transaction were not disclosed.

Report: Home Sales Down Year-over-year in Metro Detroit, Sales Prices Rise

Metro Detroit home sales are down 6.6 percent year-over-year while the median sales price is up 6.1 percent, according to RE/MAX of Southeastern Michigan’s April report, released Thursday.

Exponential ETFs in Ann Arbor Attracts More Than $50M to its Flagship Fund

Ann Arbor’s Exponential ETFs, an exchange-traded fund issuer, Thursday announced its flagship fund, the American Customer Satisfaction ETF (ACSI ETF), has attracted more than $50 million in new assets.

Ann Arbor’s NSF International Named Program Manager for Agriculture Certification Program

Ann Arbor’s NSF International, a global public health and safety organization, has been named the program manager for the Regenerative Organic Certified (ROC) program, a holistic agriculture certification focused on pasture-based animal welfare, fairness for farmers and workers, and requirements for soil health and land management.

5Q: Patrick Rugiero on the Spark of Hope Tribute Gala Fundraiser

Patrick Rugiero, executive director of the Roman Village Restaurant Group, which includes Roman Village Cucina Italiana in Dearborn and Antonio’s Cucina Italiana locations in Dearborn Heights, Canton Township, and Farmington Hills, is chairman of the Life Directions 45th Annual Spark of Hope Tribute Gala fundraiser.

Ford Restarts F-150 Production At Dearborn Plant, Partners With Navigation App Waze

Ford Motor Co. in Dearborn today announced it was resuming F-150 production earlier than expected after a shutdown caused by a fire at a key supplier plant, and that it was partnering with the popular navigation app, Waze.

Report: Detroit and Grand Rapids Regions Record High Year-over-year Home Sales Growth

Detroit and Grand Rapids are among the top regions in the United States with the highest year-over-year growth in home sales in April, up 18.3 percent in Grand Rapids and 15.5 percent in Detroit, according to a new report by Redfin, a real estate brokerage based in Seattle.

Renaissance Venture Capital Fund in Ann Arbor Closes $81M Fund III

Renaissance Venture Capital Fund in Ann Arbor announced it has closed its third fund with $81 million of new capital. The fund has raised $205 million since it opened in 2008, making it the largest network fund of its kind in the United States.

New Business and Citizen Coalition in Royal Oak Opposes City Center Development

A group of business leaders, property owners, government officials, and citizens in Royal Oak has formed the Take Back Royal Oak (TBRO) coalition of taxpayers in response to a development rift with the city.

Silicon Valley’s SiTime Expands to Michigan, Opens Center in Dexter to Target Autonomous Vehicles

SiTime in Silicon Valley (Santa Clara), a company in MEMS timing — devices that are used to sequence electronic systems, manage data transfers, define radio frequencies, or measure elapsed time — today announced it has expanded its global footprint with the opening of a new Center of Excellence in Dexter.

The Materialise Experience Brings the Latest Innovations in 3-D Printing to Detroit

Materialise NV, a company offering 3-D printing software and service solutions, will host The Materialise Experience: Transforming 3-D Printing June 7-8 at Cobo Center in Detroit. On June 6, attendees are invited to tour Materialise’s North American headquarters in Plymouth Township where they can take part in a hands-on training program on Materialise software.

Detroit’s Henry Ford Hospital Recognized for Pulmonary Fibrosis Expertise

Henry Ford Hospital in Detroit has received a national designation recognizing its expertise in diagnosing and treating patients with pulmonary fibrosis.

Southfield’s Denso Releases Driver Status Monitor for Commercial Vehicles

Japan’s Denso, which has its North American headquarters in Southfield, today announced it is debuting a driver status monitor, a device designed to reduce the number of traffic accidents involving commercial vehicles.

Plex Systems in Troy Releases App for Shop Floor and Administrative Responsibilities

Plex Systems in Troy, a company offering cloud enterprise resource planning (ERP) and manufacturing execution system (MES) for manufacturers, today announced the release of Plex Mobile, an app that works as an extension of the Plex Manufacturing Cloud to handle shop floor and administrative responsibilities, as well as access and share information in real-time from mobile devices.

Detroit’s Frederick K. Stearns Mansion Listed for Sale at $1.2M

The historic Frederick K. Stearns Mansion located at 8109 E. Jefferson Ave. (on the corner of Parker Street and Jefferson Avenue) in Detroit’s West Village neighborhood has been listed for sale at $1.2 million.

Kalamazoo’s Western Michigan University to Build $45M Student Housing Project, Add Student Center

Western Michigan University in Kalamazoo today announced it has selected Stantec Architecture in Berkley to design a new student housing development in the South Neighborhood of campus. The project is slated to cost $45 million and be open by August 2020.

Crunch Franchise Fitness Chain Opens in Dearborn, New Location Coming to Farmington Hills

Crunch, a franchise that offers group fitness training programs, today announced it has opened a 30,000-square-foot gym in Dearborn at 5601 Mercury Drive (near Ford Road) in a former Borders Books and Music space. The company plans to open a location in Farmington Hills in the coming weeks (24900 Haggerty Road).

Chicago-based Audit, Tax, and Consulting Firm RSM US LLP Opens Detroit Office

RSM US LLP, a Chicago-based provider of audit, tax, and consulting services, Friday announced the addition of a Detroit office on the eighth floor of Chrysler House Detroit. The company will host an opening event at 10 a.m. on Wednesday, May 16 at the Chrysler House, located at 719 Griswold Street, Suite 820, in Detroit.

Michigan State University Receives $1.6M from Bill and Melinda Gates Foundation for Global Water Pathogens Research

The Global Water Pathogens Project (GWPP), a joint effort through Michigan State University in East Lansing and the International Hydrological Programme of UNESCO, today announced it has received a three-year, $1.6 million grant from the Bill and Melinda Gates Foundation.

Eyeglass Retailor Warby Parker to Open in Troy’s Somerset Collection

Eyeglass retailer Warby Parker is slated to open its second Michigan store on Saturday, May 19, located at Level 1 of Somerset North at the Somerset Collection in Troy. The company’s first Michigan location opened at 1449 Woodward Ave. in downtown Detroit in 2016.

InfuSystem Holdings Inc. in Madison Heights Introduces Patient Safety App

Madison Heights’ InfuSystem Holdings Inc., a provider of infusion pumps and related services for the health care industry, today introduced the launch of InfuSystem Mobile, an infusion patient safety app to connect patients to safety products, infusion expertise, and a team of registered nurses available for secure, two-way communication around the clock.

Virginia’s TransForce Inc. Acquires Bloomfield Hills’ SafetyServe

TransForce Inc. in Virginia, a workforce solutions provider to the transportation industry, Monday announced it has acquired SafetyServe, a Bloomfield Hills-based software company and a provider of online safety training courses to government agencies, insurance companies, and other organizations.

BravoBravo! Fundraiser Returns to Detroit Opera House

BravoBravo!, a black-tie gala fundraiser for capital improvements at the Detroit Opera House, will return after a two-year hiatus on June 1 with a theatrical theme that celebrates storytelling. The event will include three floors of music, dancing, cuisine, and refreshments from popular bars, restaurants, and musicians.

Troy’s Kresge Foundation, New Jersey’s Prudential Financial, and the Ballmer Family Invest in the Largest U.S. Pay-For-Success Fund to Date

New Jersey-based Prudential Financial Inc., Steve and Connie Ballmer, and The Kresge Foundation in Troy today announced $40 million in investment commitments to The Community Outcomes Fund, a fund to scale pay-for-success investments in the United States.

Expanded Cauley Ferrari Dealership Opens Today in West Bloomfield Township

Cauley Ferrari in West Bloomfield Township opens its doors today on a redesigned and expanded dealership, a three-year project that saw the sales center move next door for the construction of a second floor as well as added space at a dealership that first opened in 1998.

Public- and Private-Sector Leaders Look for Mobility Solutions in Detroit

Representatives from the City of Detroit, the state of Michigan, and the business and nonprofit sectors are working to better understand and mitigate the mobility challenges Detroit residents have through a partnership called the Detroit Mobility Innovation Initiative.

Jackson’s Dawn Food Products Inc. Acquires California’s Lakeside Bakery Supplies

Dawn Food Products Inc. in Jackson today announced it has reached an agreement to acquire Lakeside Bakery Supplies in California, expanding Dawn’s reach across southern California. The deal closed on Friday, May 11, and terms of the transaction were not disclosed.

Michigan Science Center in Detroit to Host AutoSens Conference This Week

Detroit’s Michigan Science Center (MiSci) is set to host the AutoSens Conference May 14-17, the center announced today. The conference is held in both Europe and North America and attracts more than 750 autonomous vehicle technology experts.

SME Opens New World Headquarters In Southfield

SME, the 86-year-old nonprofit manufacturing association, announced the relocation of its world headquarters from Dearborn to Southfield. Today marks the first day of operations in the new offices located in the Southfield Town Center.

Detroit’s Huron Capital’s Drake Automotive Group Acquires Colorado Aftermarket Supplier

Detroit’s Huron Capital, a lower-middle-market private equity firm, today announced its aftermarket car accessories and restoration parts platform Drake Automotive Group has acquired Proforged, a Colorado-based designer and distributor of chassis parts.

Forever Labs in Ann Arbor Secures $2M to Continue Stem Cell Preservation

Forever Labs, an Ann Arbor company that banks young adult stem cells, today announced it has closed $2 million in financing. The funding will allow the company to continue research and accelerate brand development.

Faurecia in Auburn Hills Invests in Silicon Valley Wireless Charging Company

Auburn Hills’ Faurecia today announced it has invested in Powersphyr, a Silicon Valley start-up, to accelerate its solutions for a smart and connected cockpit.

Reclamation Project Will Improve, Restore Island Lake State Recreation Area in Livingston County

With a new mineral lease signed with Spring Mill Reclamation, the Michigan Department of Natural Resources can start on an effort to improve and restore a significant portion of Island Lake State Recreation Area in Livingston County.

Detroit’s Seraph Biosciences and Ann Arbor’s Zomedica Partner to Create a Diagnostic Device for Veterinarians

Seraph Biosciences Inc. in Detroit has entered into a development, commercialization, and exclusive distribution agreement with Ann Arbor’s Zomedica Pharmaceuticals Corp., Zomedica announced Thursday.

Dodge Announces Police Pursuit Version of 2018 Durango

Dodge, part of Auburn Hills-based FCA, is expanding its police vehicle lineup, adding a new Pursuit version of its Dodge Durango for 2018.

STAHLS’ Expands in Macomb County to Meet Growing Demand for Branded Apparel

STAHLS’ in Sterling Heights, a global leader in garment decoration equipment, materials, and transfer technology, today announced it has acquired two new facilities in Macomb County to accommodate its rapidly growing business and expand current operations at its Manufacturing and Engineering Center (MEC) in Chesterfield Township.

Microsoft Regional Headquarters Holds Grand Opening in Downtown Detroit

Microsoft Regional Headquarters today held its grand opening in downtown Detroit at Suite 500 of One Campus Martius (formerly Compuware Building), where the company unveiled its new Technology Center.

Report: Confidence in Detroit’s Economic Rebound is High, Still Work to be Done

The Kresge Foundation based in Troy today released its 2018 Detroit Reinvestment Index, now in its third year. The index measures perceptions of Detroit’s turnaround and previously featured perceptions of national business leaders and Detroit metro-area entrepreneurs. This year’s survey also includes the views of metro-area consumers.

Detroit’s Huron Capital Invests in Indiana-based Transportation and Logistics Services Company

Huron Capital, a lower-middle-market private equity firm in Detroit, Wednesday announced it has invested in Indianapolis-based Direct Connect Logistix (DCL) to create a new platform in the third-party logistics industry.

Develop Detroit Breaks Ground on Housing Project in North End and Grandmont-Rosedale

Develop Detroit, a mission-based nonprofit real estate developer, today broke ground on a for-sale homebuilding and renovation project in the North End (north of New Center) and Grandmont-Rosedale neighborhoods.

Switch in Grand Rapids Signs Colocation Deal with Jackson’s Consumers Energy

Grand Rapids-based global technology infrastructure corporation Switch today announced it has signed a colocation deal with Jackson’s Consumers Energy, selling out 90 percent of the second sector of the Switch Pyramid data center ahead of schedule. Work has already begun on the next sector of the data center.

Wixom’s Kiekert Moves Manufacturing Operations as Part of a $3M Expansion

Kiekert, an automotive locking company in Wixom, is moving its manufacturing operations to a new 41,000-square-foot facility at 50695 Varsity Court in Wixom.

Detroit’s Square One Education Network to Host Innovative Vehicle Design Mobility Challenge for Students

Detroit-based Square One Education Network is gearing up for its 12th annual Innovative Vehicle Design (IVD) Mobility Challenge, which will take place on Saturday, May 19 at the Mcity Test Facility in Ann Arbor, Square One announced today.

Intelligent Machine Maker Burke Porter Partners with WinterPark Engineering in Auburn Hills

Burke Porter Group (BPG), a global manufacturer of intelligent machines and instrumentation in Grand Rapids, has announced a strategic consulting partnership with WinterPark Engineering, an Auburn Hills-based provider of engineering services to the global automotive industry.

Cornerstone Schools in Detroit to Provide Career and College Support Services to Graduates

Detroit’s Cornerstone Schools today announced that its Cornerstone For Life Promise, a new pledge to provide career and college support services and tools to all Cornerstone graduates, will begin with the class of 2019.

Benton Harbor’s Whirlpool Corp. Enhances Voice-command Capabilities for its Appliances

Whirlpool Corp. in Benton Harbor today announced improvements to the voice-command capabilities in its connected appliances at the 2018 I/O conference in California.

Blog: How We See the World is How We Manage our Company

As good leaders and managers within our businesses, we make hundreds of decisions each day. Those decisions typically revolve around strategy, execution, cash, and people.

Boyne Resorts in Northern Michigan Acquire Sevens Resorts and Attractions

Boyne Resorts, an all-season resort company in Boyne Falls, today announced it has closed a purchase transaction with Ski Resort Holdings, an affiliate of Oz Real Estate, to acquire six mountain resorts and a scenic chairlift attraction previously leased by the company.

Detroit’s DTE Energy, The Roxbury Group Partner to Develop Public Mixed-use Space in Ann Arbor

DTE Energy and The Roxbury Group, both based in Detroit, today announced they have entered into an agreement to develop an 11-acre mixed-use and public-space project on the former Michigan Consolidated Gas Co. industrial site bordering the Huron River in Ann Arbor.

The Corner Mixed-use Development Gets Underway at old Tiger Stadium Site in Detroit

Larson Realty Group in Detroit, the City of Detroit, and several partners today broke ground on The Corner, a $30-million mixed-use development on the former Tiger Stadium site in Detroit’s Corktown district. The four-story project will include apartment and retail space fronting on Michigan Ave., immediately west of Trumbull Avenue

California’s Westlake Financial Services Lists Vehicles on Detroit’s Ally’s SmartAuction

Ally Financial in Detroit today announced an agreement with Westlake Financial Services, a privately held finance company based in Los Angeles, to list vehicles for sale on SmartAuction, Ally’s wholesale auto auction platform.

Ann Arbor’s NanoBio Changes Name to BlueWillow as Focus Shifts to Vaccines

NanoBio Corp., a clinical-stage biopharmaceutical company in Ann Arbor, Monday announced it has changed its name to BlueWillow Biologics in conjunction with the closing of a $10 million Series A financing.

Detroit’s Golfler Acquired by Dallas-based Supreme Golf

Detroit startup Golfler, a company that builds course management software for golf facilities, has been acquired by Dallas’ Supreme Golf. Terms of the transaction were not disclosed.

Wayne State University Invests $6.6M in Detroit Urban Solutions for Smart Cities Technologies

Wayne State University in Detroit today announced a $6.6 million investment in Detroit Urban Solutions, an emerging technology innovation consortium dedicated to developing cutting edge solutions to challenges facing Detroit and other urban areas.

Downtown Birmingham Evaluates Plans for Woodward Bates Redevelopment

A redevelopment of city-owned property in downtown Birmingham, a four-acre parcel at Willits and Bates streets that today includes an aging parking deck along North Old Woodward and a surface lot behind the structure, was moved to the city commission for review last week. The Birmingham Ad Hoc Parking Development Committee was formed to evaluate four responses for the site from a request for proposal issued by the city, and make a recommendation.

Detroit Pistons Partner with the DSO to Make More Music, Training Accessible to Detroit Youth

The Detroit Pistons and the Detroit Symphony Orchestra today announced a multi-year partnership aimed to enhance music and education programming for Detroit youth.

Bloomfield Hills’ Michigan Israel Business Accelerator Appoints First CEO

The Michigan Israel Business Accelerator (MIBA) in Bloomfield Hills today announced it has appointed Sandy Selinger as its first CEO.

Detroit’s HAP Launches Wellness at Your Side Digital App

Health Alliance Plan in Detroit today announced the launch of the Wellness at Your Side app, which grants HAP members access to their iStrive account with their data already populated.

Blog: Myths About Employer Branding that Prevent Companies from Attracting and Retaining Top Workers

A thriving economy and low unemployment is often viewed as positive. Dig deeper, however, and you will find a lot of angst among various companies as they scramble to attract qualified job seekers and retain current workers in ways they’ve never had to do before.

Housing Shortage in Northern Michigan Drives Conversion of Vacation Homes into Extended-stay Residences

Strong job growth in northern Michigan propelled by major investments in energy, manufacturing, and resort projects have contributed to a new real estate trend: the conversion of vacation properties into extended-stay residences for new workers and their families.

Michigan Moves Up Nine Places in Chief Executive Magazine’s Best and Worst States for Business Survey

Michigan moved up nine places in "Chief Executive" magazine’s 14th annual Best and Worst States for Business survey, the Michigan Department of Talent and Economic Development announced Thursday. The report was released this week and placed Michigan at No. 27 on the list.

Uber for Watercraft? Boat Membership Rental Service Returns to Metro Detroit

SailTime Group will soon re-open operation of a metro Detroit franchise, the company announced Wednesday. Dave Conrad, the new franchisee, will host an open house event May 19 and 20 at the Grosse Pointe Yacht Club as part of the Great Lakes Boating Festival. The franchise will be based at Jefferson Beach Marina in St. Clair Shores.

2019 Chevrolet Suburban RST Performance Package Brings V-8 Power And Style

Detroit-based General Motors announced today that it will offer a new RST Performance Package for its Chevrolet Suburban.

Researchers at Ann Arbor’s U-M Harvest Clean Hydrogen Fuel Through Artificial Photosynthesis

The University of Michigan in Ann Arbor has created a stable artificial photosynthesis device that harnesses sunlight to break apart fresh and salt water, generating hydrogen that can be used in fuel cells. The device could also be reconfigured to turn carbon dioxide back into fuel.
Edit Module
Edit Module
Edit Module
Edit Module Edit ModuleShow Tags Edit ModuleShow Tags

Most Popular

  1. Belle Isle Conservatory to See Almost $2M in Renovations
    The Michigan Department of Natural Resources Thursday announced the Anna Scripps Whitcomb...
  2. Bloomfield Hills’ Center Rock Capital Partners Acquire American Piping Products
    Center Rock Capital Partners LP in Bloomfield Hills today announced it has acquired American...
  3. The Corner Apartment and Retail Project at Old Tiger Stadium Site in Detroit to be Completed in February
    The former Tiger Stadium site in Detroit received the city’s first modular home drop today as...
  4. Universal McCann Will Open Office in Downtown Detroit to Oversee Quicken Loans’ Media Planning and Buying
    Detroit-based Quicken Loans Inc. today announced a long-term agreement with Universal McCann (UM)...
  5. The Kiefer Foundation in Plymouth Expands Efforts to Combat Distracted Driving
    The Kiefer Foundation in Plymouth, which trains and educates teenage drivers and their parents...
  6. Federal-Mogul Powertrain in Southfield to Launch Electrification Strategy for Commercial Vehicles to Reduce Emissions, Raise Fuel Economy
    Federal-Mogul Powertrain in Southfield Friday announced it is launching its new electrification...
Edit Module