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Pure Detroit, an independent city retailer, this month is opening a new location in Detroit’s Midtown district. It will be the company’s fifth store.
A cooperative agreement between Michigan State University and the National Science Foundation will result in up to $122.5 million in continued funding over five years for the school’s National Superconducting Cyclotron Laboratory.
Bloomfield Township-based Penske Automotive Group, an international transportation services provider, has signed an agreement to acquire CarSense, a stand-alone specialty retailer of used vehicles in the United States. Terms of the deal, which is expected to generate estimated annual revenue of $350 million, were not disclosed.
Dearborn-based Ford Motor Co. has signed a memorandum of understanding with BMW Group, Daimler AG, and Volkswagen Group with Audi and Porsche to create a new high-powered charging network in Europe.
Global automotive seating supplier Adient has acquired the 10-story Marquette Building in Detroit’s historic Financial District. The company will invest $50 million into renovating the building to establish its global headquarters.
A new collaboration between the American College of Cardiology (ACC) and the American Heart Association (AHA) is being developed with the help of a Wayne State University School of Medicine professor of emergency medicine.
Bloomfield Hills-based Cranbrook Schools has formed an educational collaboration with the Massachusetts Institute of Technology’s Edgerton Center, which focuses on a year-round, K-12 science and engineering outreach program, including innovative curriculum content and professional teacher development.
More than 540 multifamily units have been built this year in Detroit, and more than 1,600 units are expected by 2018, says a new report from JLL, a professional services and investment management firm with offices in Royal Oak.
As part of its plan to actively seek new opportunities in major metro areas across the United States, Clio Holdings, a Birmingham-based consolidator of regional countertop supply and fabrication businesses, has acquired Kansas City-based Top Master. Terms of the deal, which is the company’s third acquisition since launching this year, were not disclosed.
With the goal of occupying space in Kroger’s nearly 130 Michigan-based locations in the coming years, Detroit Popcorn Co., a Redford-based distributor of ready-to-eat snack foods and concession equipment, will open its first branded kiosk early next month at an Ann Arbor-based Kroger store.