Detroit
GM’s Cruise Automation Expands CA Footprint
General Motors plans to add more than 1,100 new jobs and invest $14 million in a new research and development… Read more
Maserati Steers U.S. HQ to Detroit
Fiat Chrysler Automobiles (FCA) plans to relocate the U.S. HQ of Maserati to the now shuttered Walter P. Chrysler Museum… Read more
When Renters Take Over
According to analysis of U.S. Census Bureau data by Bloomberg, renters are now outnumbering homeowners in most major U.S. cities.… Read more
Property Values Remain Below 2008 Levels in Many Michigan Cities
Property values are lagging throughout the state of Michigan. More than 1.4 million people – one in seven residents –… Read more
Some Businesses Unhappy with $4.5B Bridge
The planned Gordie Howe International Bridge will link Windsor, ON with Detroit, MI. But, the Michigan Department of Transportation’s efforts… Read more
Wayne County Jail Swap Under Consideration
Billionaire businessman Dan Gilbert’s company, Rock Ventures LLC, submitted a proposal to Wayne County, MI to build a 1,600-bed county… Read more
Microsoft Makes Move to Downtown Detroit
Microsoft Corp. will be moving its Michigan Microsoft Technology Center (MTC) to downtown Detroit in early 2018. The technology giant… Read more
Bedrock Nabs Detroit Free Press Building, Plans Renovation
Bedrock LLC, owned by billionaire Dan Gilbert, acquired the long-vacant Detroit Free Press building at 321 W. Lafayette Blvd. The… Read more
Construction on Packard Plant Slated for Spring
Arte Express Detroit LLC, the Detroit, MI-based holding company of Peruvian developer Fernando Palazuelo, has targeted this spring to launch… Read more
JV Invests $48M in Multifamily Value-Add Play
Origin Investments partnered up with Draper and Kramer Inc. and LEM Capital to acquire the 448-unit Village Park of Palatine… Read more
Cali Investor Snags QLine Retail, Plans Renovation
Detroit native Anthony Buono, managing member of 6538 Woodward Investors LLC, acquired 6538-6540 Woodward Ave. in Detroit. Buono, who is… Read more
Adient Targets Marquette Building for HQ
Adient Ltd. will buy downtown Detroit’s 164,000-square-foot Marquette Building for its new global headquarters. The company will spend upwards of… Read more
GFI Capital Pays $26M for Hilton Garden Inn
GFI Capital Resources Group Inc. has purchased the 198-room, 10-story Hilton Garden Inn in downtown Detroit. The New York hotel developer… Read more
Detroit Motoring Once Again
While its Midwest neighbors in Chicago and Cleveland are playing in the World Series, Detroit is ‘motoring’ to a different… Read more
Comerica to Close 16 Michigan Branches
Comerica Inc. announced it would close 16 branches throughout Michigan over the next six months. The move is part of… Read more
Souave Readying for Mixed-Use Elton Park in Detroit
Souave Enterprises LLC is preparing to launch construction on its mixed-use development in Detroit’s Corktown neighborhood. Dubbed Elton Park, the… Read more
Detroit’s Brush Park Building Sells for a Shade over $1M
The highest bid for a half-acre property in Detroit’s Brush Park – as well as the abandoned buildings sitting atop… Read more
MI Senate Committee Approves Brownfield Proposal
The Michigan Senate’s economic development and international investment committee unanimously signed off on a five-bill package, known as the “transformational… Read more
Little Caesars’ $150M HQ Starts to Rise
Little Caesars of “pizza, pizza!” fame broke ground on its new, $150 million, nine-story, 234,000-square-foot world headquarters. The building, at… Read more