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Taubman sale would give new owner two outlet malls along I-75
News 3 months ago
Taubman sale would give new owner two outlet malls along I-75

If Taubman Centers Inc.'s planned $3.6 billion sale to Simon Property Group sale finalizes later this year as is expected, the newly formed joint...

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Taubman Centers likely to wind down Bloomfield Hills presence in wake of deal
News 3 months ago
Taubman Centers likely to wind down Bloomfield Hills presence in wake of deal

Long headquartered in Oakland County, Taubman Centers Inc. (NYSE: TCO) probably won't have a major presence in Bloomfield Hills in a few more years...

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Time, thawed relationship set stage for once-unlikely Taubman deal
News 3 months ago
Time, thawed relationship set stage for once-unlikely Taubman deal

Among Taubman Centers' properties is Twelve Oaks Mall in Novi and Great Lakes Crossing Outlets in Auburn Hills. Fifteen years ago, David Simon and...

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Diverse deals: Automotive transactions no longer dominate M&A list
News 3 months ago
Diverse deals: Automotive transactions no longer dominate M&A list

Gone are the days when automotive manufacturing dominated Crain's Biggest Deals list. During the mega-merger boom of the late 1990s, dozens and...

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United Shore to begin work on $20M campus-connecting pedestrian bridge
News 3 months ago
United Shore to begin work on $20M campus-connecting pedestrian bridge

If you think the pedestrian bridge over Big Beaver Road connecting two wings of Somerset Mall looks cool, just wait until there's one that's almost...

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Domino's Pizza delivers better-than-expected 4th quarter
News 3 months ago
Domino's Pizza delivers better-than-expected 4th quarter

Domino's Pizza said strong carryout sales helped it achieve better-than-expected results in the fourth quarter despite increasing competition from...

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Ford veteran Gary Johnson steps in as campaign chair for Detroit United Way
News 3 months ago
Ford veteran Gary Johnson steps in as campaign chair for Detroit United Way

Ford Motor Co. veteran Gary Johnson is stepping in to chair United Way for Southeastern Michigan's annual campaign this year. He succeeds Joe...

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Despite new business wins, industry woes impact Visteon's Q4, full-year earnings
News 3 months ago
Despite new business wins, industry woes impact Visteon's Q4, full-year earnings

Van Buren Township-based Visteon reported net income of $35 million, or $1.24 per share, for the fourth quarter on revenue of $744 million. Auto...

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Former state Democratic party chair launches crowdfunding platform for water tech
News 3 months ago
Former state Democratic party chair launches crowdfunding platform for water tech

A new equity crowdfunding group wants to invest in water-focused technology and solutions A 2016 change in U. S. securities regulations has cleared...

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Bamboo coworking space coming to downtown Royal Oak
News 3 months ago
Bamboo coworking space coming to downtown Royal Oak

New coworking space totaling 20,000 square feet is coming to downtown Royal Oak in the fall. Bamboo Detroit, which operates coworking space on...

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Beaumont net income rises 60 percent in 2019
News 3 months ago
Beaumont net income rises 60 percent in 2019

Beaumont plans on investing more in its workforce in 2020 as it continues its cost-cutting efforts Southfield-based Beaumont Health saw its net...

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Farm-themed restaurant planned in Detroit's Eastern Market
News 3 months ago
Farm-themed restaurant planned in Detroit's Eastern Market

A longtime entrepreneur in Detroit's Eastern Market plans to open this spring a farm-themed restaurant to replace the popular Farmers Restaurant...

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Ultimate Soccer Arenas in Pontiac for sale for $28.4 million
News 3 months ago
Ultimate Soccer Arenas in Pontiac for sale for $28.4 million

The Ultimate Soccer Arenas in Pontiac is for sale for $28.4 million. The 375,000-square-foot indoor soccer and lacrosse complex at 867 South Blvd....

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US Signal to open Van Buren Township data center in early March
News 3 months ago
US Signal to open Van Buren Township data center in early March

US Signal, a Grand Rapids-based IT consulting firm and data center operator, plans to open its fourth Michigan data center in Van Buren Township in...

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Penobscot Building owner cited for unsafe conditions as city seeks to force skyscraper's upkeep
News 3 months ago
Penobscot Building owner cited for unsafe conditions as city seeks to force skyscraper's upkeep

The city on Monday hit the owner of the Penobscot Building downtown with six tickets totaling $3,300 for violations such as lacking a certificate...

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stroke, recovery and what's next
News 3 months ago
stroke, recovery and what's next

On Feb. 12, Dan Gilbert granted Crain's Detroit Business his first interview since suffering a stroke during Memorial Day weekend, which caused...

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Owen Bieber, UAW leader during rocky '80s and early '90s, dies at 90
News 3 months ago
Owen Bieber, UAW leader during rocky '80s and early '90s, dies at 90

Colleagues described Bieber as warm, deliberate and a nuts-and-bolts man Owen Bieber, UAW president from 1983-95 (left) speaks about outgoing UAW...

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Eastern Market Seafood Co. to close after 45 years in business
News 3 months ago
Eastern Market Seafood Co. to close after 45 years in business

Eastern Market Seafood Co. has operated on the same block as Vivio's, DeVries and Cost Plus Wine Shoppe for 45 years. Eastern Market Seafood Co.,...

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Dan Gilbert on life after a stroke, underpaid nurses and his Hudson's skyscraper (subscriber exclusive)
News 3 months ago
Dan Gilbert on life after a stroke, underpaid nurses and his Hudson's skyscraper (subscriber exclusive)

Quicken Loans Inc. chairman Dan Gilbert granted Crain's Detroit Business the first interview he's given since suffering a stroke last Memorial Day...

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Building Hudson's tower is Gilbert's ‘No. 1 priority' after recovery
News 3 months ago
Building Hudson's tower is Gilbert's ‘No. 1 priority' after recovery

Nearly nine months after a brush with death, billionaire businessman Dan Gilbert is back to work with one main mission: Construct Detroit's first...

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World Medical Relief gets funding to expand diabetes program
News 3 months ago
World Medical Relief gets funding to expand diabetes program

World Medical Relief in Southfield has received a $50,000 donation from the Blue Cross Blue Shield of Michigan Foundation to fund a program for...

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U of D Jesuit's $7.5 million rec center redevelopment moves forward after sale
News 3 months ago
U of D Jesuit's $7.5 million rec center redevelopment moves forward after sale

A $7.5 million redevelopment of a long vacant recreational center in northwest Detroit is planned to be complete in summer 2021 after its sale to...

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BorgWarner Q4 results moderate, unaffected by UAW strike
News 3 months ago
BorgWarner Q4 results moderate, unaffected by UAW strike

BorgWarner Inc. posted moderate results in the fourth quarter and touted future restructuring efforts and its acquisition of Delphi Technologies as...

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Michigan marijuana agency hears mixed reactions to labor peace agreements
News 3 months ago
Michigan marijuana agency hears mixed reactions to labor peace agreements

Some Michigan marijuana industry workers and advocates say labor peace agreements would help employees have better work environments and permit...

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Michigan Legislature OKs more tax breaks for data center
News 3 months ago
Michigan Legislature OKs more tax breaks for data center

The Republican-led Michigan Senate on Tuesday approved additional tax breaks for a major Grand Rapids-area data center, sending the bill to...

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AC Hotel by Marriott to take place of West Elm hotel at Bonstelle Theatre development
News 3 months ago
AC Hotel by Marriott to take place of West Elm hotel at Bonstelle Theatre development

A $46 million construction project planned in Detroit's Brush Park includes a new AC Hotel by Marriott and restoration of the Bonstelle Theatre. A ...

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Sears store in Livonia to close
News 3 months ago
Sears store in Livonia to close

The Sears department store at Seven Mile and Middlebelt roads in Livonia will close, according to media reports. The store at the old Livonia Mall...

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Detroit marshals troops to revive Fort Wayne
News 3 months ago
Detroit marshals troops to revive Fort Wayne

The Historic Fort Wayne property has languished for decades, but the city of Detroit is finally taking steps to redevelop the iconic fort. Detroit...

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Detroit seeks public or private partners to revitalize Fort Wayne
News 3 months ago
Detroit seeks public or private partners to revitalize Fort Wayne

The Historic Fort Wayne property has languished for decades, but the city of Detroit is finally taking steps to redevelop the iconic fort. Detroit...

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Taubman Centers selling majority stake to rival in $3.6 billion deal
News 3 months ago
Taubman Centers selling majority stake to rival in $3.6 billion deal

Bloomfield Hills-based mall giant Taubman Centers Inc. is being sold for $3.6 billion to a rival shopping mall firm, the companies announced Monday...

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