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Metro Detroit’s Office, Industrial Markets Grow in Fourth Quarter, Auto Slowdown May Open Leasing Opportunities

Newmark Knight Frank, a full-service real estate firm with offices in Farmington Hills, has released its fourth quarter 2018 office and industrial trends data reports for metro Detroit. According to the report, the region’s office market vacancy rate fell 20 basis points to 15.3 percent during the fourth quarter of 2018, as just over 353,000 square feet was absorbed.

Eaton Helps Reduce Weight, Extend Range of Electric Vehicles with New Power-Dense Inverter Technology

Eaton’s eMobility business, based in Galesburg near Kalamazoo, today announced it has developed compact power-dense automotive inverters capable of increasing the range of electric vehicles.

The Historic Sherbrooke in Detroit’s Midtown Being Converted into 14 Condominiums

Detroit’s Midtown district will see the conversion of a historic residential building, The Sherbrooke at the southwest corner of Second Avenue and Hancock Street, into 14 condominiums, according to Friedman Urban. Quinn Evans is the architectural firm overseeing the renovation.

Detroit Institute of Arts Pop Art Exhibit Reflects Turbulent ‘60s, ‘70s

“From Camelot to Kent State: Pop Art, 1960–1975,” a new Detroit Institute of Arts exhibition running from Feb. 17–Aug. 25, 2019, will examine the turbulent 1960s and 1970s, and provide insight into the times for those born later.

Beaumont Health New Leadership Restructuring Takes Effect Feb. 1

Beaumont Health is restructuring its leadership team, Feb. 1, as it strives to improve quality, support ongoing growth, and enhance access for patients where and when they need care.

Wayne County Airport Authority Names Chief Executive Officer

The Wayne County Airport Authority Board of Directors has confirmed Chad Newton as CEO of the Wayne County Airport Authority, which operates Detroit Metro and Willow Run airports, with an initial three-year contract.

Continental Technology Powers Jeep Wrangler’s New eTorque Mild-Hybrid System

Two Auburn Hills-based companies are pushing the technological envelope by offering Continental’s industry-first, liquid-cooled, 48-volt Eco Drive that contributes to the performance and fuel efficiency of the all-new Jeep Wrangler’s eTorque mild-hybrid technology.

New KPMG Study Shows How Autonomous Vehicle Market Will Affect Locally Tailored Delivery Services

KPMG, an international accounting and auditing firm with a large practice in downtown Detroit, released a study this week during the North American International Auto Show at Cobo Center in downtown Detroit that details expectations for the global autonomous transformation in the retail, automobile, and transportation industries.

ASX in Detroit Teams with VerdeGo Aero to Provide Electric Power Options for MOBi-One VTOL Aircraft

ASX in Detroit, which is developing a hybrid electric VTOL Air-Taxi that will free commuters and business travelers from congestion on the road and in the air, today announced it is teaming with VerdeGo Aero in Daytona Beach to apply VerdeGo’s IDEP (Integrated Distributed Electric Propulsion) systems to future versions of ASX MOBi-One aircraft.

Carhartt in Dearborn Launches Line of Clothing Geared to the Uniformed Associate Market

Carhartt in Dearborn, which has been providing workwear since 1889, today announced the launch of its Carhartt Company Gear that offers businesses a new line of rugged and durable products. In addition, various trades and business sectors will have access to the retailer’s new “Rugged Professional Series” that offers uniformed associates a sharp and professional appearance.

Novi’s Stoneridge Forms Strategic Partnership for MirrorEye Installation, Support

Stoneridge Inc., a Novi-based supplier of electrical and electronic components for the commercial vehicle and automotive industry, says it has formed a strategic partnership with Velociti Inc. of Missouri to install the Stoneridge MirrorEye camera monitor system on commercial fleet vehicles.

Allegiant to Base Aircraft at Gerald Ford Airport in Grand Rapids, Create 66 New Jobs

Allegiant Travel Co. announced on Tuesday that it plans to establish a two-aircraft base of operations at Gerald R. Ford International Airport in Grand Rapids in June, a move the airline expects to create at least 66 new jobs.

Ford Expands Collaboration to Digitally Manufacture Parts; Renews Commitment to Global Business Redesign

Ford Motor Co. continued its push to the future at the North American International Auto Show. Today, the Dearborn-based automaker revealed the first digitally manufactured polymer parts resulting from its partnership with Carbon, a Silicon Valley-based digital manufacturing company.

United Shore in Pontiac Announces Record Year in 2018, Plans to Fill More Than 800 Jobs

Following a record-breaking year of mortgage loan production in 2018, United Shore in Pontiac today announced plans to hire more than 800 people this year. The company is the No. 1 wholesale lender and a Top-3 overall mortgage lender in America.

Huron Capital’s XLerate Group Adds Two Auction Sites to Portfolio

XLerate Group, the nationwide auction and remarketing facilitation platform of Huron Capital, a lower-middle-market private equity firm in downtown Detroit, on Monday acquired two entities, Southeastern Auto Auction and Morton Auto Auction. Terms of the transactions were not disclosed.

Hazel Park’s Motor City Industrial Acquires Smith Fastener of West Virginia

Motor City Industrial of Hazel Park has acquired West Virginia-based Smith Fastener, increasing the company’s product and service offerings, and broadening its customer base. Terms were not disclosed.

Grosse Pointe’s Foster Financial Acquires Lahser Center Office Complex in Southfield

Foster Financial Company Inc., a real estate investment company in Grosse Pointe, today announced it has acquired Lahser Center, a 175,000-square-foot office complex in Southfield located at 26200/26400 Lahser Rd. Terms of the deal were not disclosed.

Wayne State, Microsoft Team to Strengthen Employability in Detroit

Wayne State University and Microsoft Corp. today embarked on a partnership to improve employability in Detroit. The pilot program is designed to foster job-ready, employable talent for high-demand technical positions such as cloud computing, data analytics, cybersecurity, AI, engineering, and more.
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More »From the Magazine

Charge Alert

New battery-electric platforms, along with the promise of solid-state technology, are powering the emerging autonomous vehicle industry, but reaching a critical mass will have to wait for the next energy crisis.

Under The Hood

Continental Motors Co. supplied horsepower to independent automakers before taking to the air.

My Dance with Cancer

How the big “C” made me a better businessman.

Test Track

The American Center for Mobility in Ypsilanti Township.

Mobility Front

When it comes to mobility, Michigan is a global leader in autonomous, connected, electrified, and shared vehicle technology, but can it stay ahead of the pack?

Rags and Riches

After losing control of his company, a CEO mounts a comeback.

Craft Work

After starting out in a garage, GLW in Detroit now designs and builds retail environments around the world.

PDA: Q&A Kyle Lindenboom

The E-Interview Kyle Lindenboom, Senior Account Planner, Latcha + Associates, Farmington Hills

Riding in the Clouds

Roseville’s RCO Engineering is gaining a foothold in the aircraft seating industry.

Patently Successful

At 23 years old, Ford engineer Victoria Schein holds nine patents.

Power On

A digital platform for streetlights enhances entertainment and emergency responses.

Front of the House

Combined gourmet markets and restaurants are the latest dining trend in metro Detroit.

Compendium News Links More »

The Outside Media Opine on the Motor City

Inside a College-Football Tragicomedy

Source: The Wall Street Journal

Technology That Breaks the Car Industry Mold

Source: The Wall Street Journal

Dome Sweet Dome

Source: Bloomberg Businessweek

Whitacre's Crash at General Motors

Source: Financial Times

Another Chance for Alfa Romeo

Source: Financial Times

Detroit, Part One

Source: The Polis Blog

Detroit's Class Act

Source: Fortune

Hard Choices: Domino's CEO J. Patrick Doyle

Source: Bloomberg Businessweek

Alan Mulally’s Asian Sales Call

Source: Bloomberg BusinessWeek

Can China Save GM?

Source: Forbes Magazine

Thinking About Shrinking

Source: The Economist

Ed Whitacre's Battle to Save GM from Itself

Source: Bloomberg Businessweek

Signs of Hope

Source: NYTimes.com

25 Best Places to Retire

Source: CNN Money

Mayor Courts Resistance in Detroit

Source: The Wall Street Journal

Henderson's Strategy to Fix GM

Source: Businessweek.com

The Triumph of Optimism

Source: Economist.com

Mayor Courts Resistance in Detroit

Source: The Wall Street Journal online

How Marchionne Will Run Fiat-Chrysler

Source: Businessweek online

The Waxman-Pelosi Follies

Source: The Wall Street Journal Online

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