Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Property Sectors

Topics

Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Chicago & Midwest  + Midwest  + Industrial  |  February 29, 2024
Jasmine Kilman
By: Jasmine Kilman

California EV Startup Plans $10M Center in Detroit

Lucid Motors, an electric vehicle startup based in Newark, California, plans to open a research and development office in Southfield, Michigan, and create at least 262 new jobs.

The EV maker, headquartered in Silicon Valley, has said it intends to open the office by the fourth quarter of 2024 in one of the Travelers Towers at 26533 Evergreen Road. The company headquarters are located near San Jose, and Lucid also has a production facility in Arizona. The Michigan engineering center would be the company’s third employment hub.

Board members of the Michigan Strategic Fund voted in favor Tuesday of giving Lucid a $6 million performance-based grant, which requires that the 262 jobs be created by June 30, 2027. The positions are expected to be in engineering and pay over $50 an hour. Lucid currently employs nearly 30 workers in Michigan, primarily in sales positions.

Learn industry insights from experts at the Connect Industrial Midwest 2024 event on March 5 at Joe’s Live in Rosemont, Illinois. Click here for more information and to register.

Connect

Inside The Story

Lucid Motors

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
Order Reprints