05/22/13 New retail and entertainment development is planned for 17 acres of land around The Met Hotel in Troy by the California-based investment group that owns the hotel. The CEO of that group is a familiar name in local hotel ownership and for a previous tax evasion case.
05/21/13 Land Assembly for Neighborhood Development or LAND, a not-for-profit developer formed 13 years ago to work on Detroit's east side, has hired Jacqueline Bejma as its first executive director. In the new role, Bejma will be responsible for overseeing LAND's portfolio of properties and also the development and implementation of new projects that align with the Detroit Future City Strategic Framework.
05/20/13 It's the Avenue of Fashion, once the Rodeo Drive of Detroit shopping. The district suffered in recent years, like much of Detroit, but investment dollars are starting to flow back. Today, the Detroit Economic Growth Corp. is announcing a $200,000 prize from ArtPlace, a national group of nonprofits and banks -- including the Ford Foundation and Chase bank -- to install art in the vacant storefronts and medians along Livernois Avenue from Seven Mile to West Outer Drive.
05/20/13 MJR Digital Cinemas will open a theater at Maple and Livernois roads next spring.
05/19/13 Highlights from Emergency Manager Kevyn Orr's financial plan:
05/19/13 Ralco Industries Inc. has submitted plans to build a new 125,000-square-foot world headquarters and manufacturing facility in Auburn Hills. The total investment is $13.5 million.
05/19/13 Owners of M1 Concourse LLC have most of the financing for a $40 million-$50 million project to redevelop a former General Motors Corp. validation center in Pontiac into an auto event center.
Crain's week in news, May 11-17: Beaumont-Henry Ford merger, Papa Joe's in Detroit, Rossetti moving to downtown05/18/13 Five Beaumont clinical chiefs asked the hospital system's board to reconsider the proposed merger with Henry Ford; Papa Joe's will bring not one, but two, gourmet markets to downtown Detroit; architectural firm Rossetti is moving to the Federal Reserve Building.
05/17/13 The University of Michigan Board of Regents has approved a $13.5 million field hockey stadium and team center as well as $2.55 million in improvements to the baseball and softball fields, the school said today.
05/12/13 Employing a strategy it's used in the past to secure operating space, Mosaic Youth Theatre is helping to fund part of the renovations at the new University Prep Science and Math Elementary School in Detroit in exchange for space in the school building.
05/12/13 As Michigan's weather improves, metro Detroit commuters are faced with a new season of headache-inducing road construction.
05/12/13 Organizers of the M1 Rail streetcar system plan to award the primary contract to design and build the $137 million transit line in less than two weeks.
05/05/13 The director of University of Michigan cancer center has been lining up commitments from donors for a year for the construction of an outpatient cancer treatment center that would be a combination of treatment facility, hotel and conference center. Max Wicha hopes to break ground in two years, backed in part by a major fundraising campaign this fall.
FOCUS: REAL ESTATE05/05/13 There's demand for affordable housing for veterans, but getting projects off the ground has been more of a challenge.
05/05/13 Mary Sue Coleman plans to retire in 2014 as president of the University of Michigan. Her legacy at UM has many accomplishments, but one of the most significant is the decision to purchase the former Pfizer complex for $108 million. The facility, now known as the North Campus Research Complex, is a 28-building, 2.1-million-square-foot complex that houses more than 2,000 employees.
05/05/13 Ask Rick DeVos about failing as an entrepreneur, and he'll tell you he has done it in myriad ways. But while reflecting on the first year of his $15 million seed venture fund Start Garden, DeVos said those lessons from failure have helped shape his ideas and have made him a better entrepreneur.
05/05/13 Travelers Tower I and II in Southfield were sold to a New York City-based real estate investment firm that plans $10 million in improvements to the properties.
05/05/13 Is Farmington Hills-based Grand/Sakwa Properties LLC looking to redevelop, resell or work out a settlement deal on key land for the transit center in Troy? It's not yet clear, but a court victory last week gives the company some options.
05/01/13 The Archdiocese of Detroit is consolidating 185 administrative employees from four locations – two downtown, one in Corktown, and another at the Sacred Heart Major Seminary at 2701 Chicago Blvd. – into one location in the city's Capitol Park district by late next year.
04/29/13 The state is considering a revamp of I-375 that would raise a portion of the road to grade level and create a pedestrian-friendly boulevard designed to attract development.
04/28/13 Nancy Schlichting has been invited to the White House on Tuesday to meet with the Obama administration's top two health care leaders to discuss the impact of health care reform and federal budget cuts on safety net organizations.
04/28/13 Plans for a $4 million boutique hotel using reclaimed steel shipping containers are taking shape for a 1-acre site fronting the Dequindre Cut near Detroit's Eastern Market.
04/28/13 U.S. Medical Management is hiring 300 workers for its Troy headquarters over the next two years to accommodate growth in home-based primary care stimulated by an aging population and incentives contained in provisions of the Patient Protection and Affordable Care Act.
04/28/13 After delays and an investigation into how the company spent federal stimulus funds, LG Chem Michigan Inc. says it is set to begin production of advanced batteries this year in Holland, MiBiz reported last week.