Crain's Detroit Business

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The expansion in Oakland County is backed by a $1 million state grant.
02/20/2024

The expansion in Oakland County is backed by a $1 million state grant.

Jing-Jin Electric North America LLC is planning to expand its Farmington Hills base with a new 40,000-square-foot plant to manufacture electric vehicle components.The company, a subsidiary of a Beijing-based automotive supplier, will invest $16.5 million in the project and create 100 jobs,…

Marrow is headed to downtown Birmingham for its first location outside of Detroit.
02/20/2024

Marrow is headed to downtown Birmingham for its first location outside of Detroit.

The Detroit-based

Atwater's founder is back in the beer game four years after selling the brewery to MolsonCoors.
02/20/2024

Atwater's founder is back in the beer game four years after selling the brewery to MolsonCoors.

Mark Rieth is adding to his Detroit Liquid Ventures beverages company.

Ford had been proud of its relationship with the UAW, but was disappointed by the shutdown of multiple plants, Farley sa...
02/20/2024

Ford had been proud of its relationship with the UAW, but was disappointed by the shutdown of multiple plants, Farley said.

The CEO also said the automaker is pivoting its EV strategy to focus on a cheaper platform that can make money sooner after launch.

A Detroit nonprofit is offloading three east-side buildings as it consolidates office space
02/20/2024

A Detroit nonprofit is offloading three east-side buildings as it consolidates office space

The Detroit-based human services agency plans to consolidate hundreds of its employees in the region to a new leased site in downtown Detroit by late summer.

Ford is set to reopen the hulking train depot that for years served as a symbol of Detroit's rise and fall.
02/20/2024

Ford is set to reopen the hulking train depot that for years served as a symbol of Detroit's rise and fall.

The news comes almost six years after Ford Motor Co. announced its purchase and restoration plan for the iconic building in Detroit's Corktown neighborhood.

Two years after a fire, The Traffic Jam & Snug's owners say they won't reopen anytime soon.
02/20/2024

Two years after a fire, The Traffic Jam & Snug's owners say they won't reopen anytime soon.

Nearly two years after a fire, the Midtown restaurant isn't close to starting up again.

American Axle took a $33.6 million net loss amid the UAW strike — but the industry’s next big hurdle could play in the c...
02/19/2024

American Axle took a $33.6 million net loss amid the UAW strike — but the industry’s next big hurdle could play in the company's favor.

The Detroit-based auto supplier took a $33.6 million net loss last year due largely to the UAW strike, but the industry’s biggest worry now could play in its favor.

Metro Detroit home prices jumped nearly 10% from the start of 2023 — and the region's biggest city is leading the way.
02/19/2024

Metro Detroit home prices jumped nearly 10% from the start of 2023 — and the region's biggest city is leading the way.

Home prices grew nearly 10% from the start of 2023, with sales in the city of Detroit leading the way.

The new owner of some prominent Detroit properties has a longtime relationship with Meijer.
02/19/2024

The new owner of some prominent Detroit properties has a longtime relationship with Meijer.

For years, Peter Cummings has envisioned putting a grocery store in a new mixed-use development on a surface parking lot immediately west of the Fisher Building.Last week’s news that his Detroit-based real estate development company, The Platform LLC, is handing over its management operations to.....

Big Boy is headed to the old Pasquale's site.
02/19/2024

Big Boy is headed to the old Pasquale's site.

Big Boy Restaurant Group LLC envisions a new restaurant with capacity for 120 guests, plus beer and wine service, at the old Pasquale's Restaurant site in Royal Oak.

The owner of WWJ and 97.1 The Ticket will emerge from bankruptcy with George Soros as its majority shareholder.
02/18/2024

The owner of WWJ and 97.1 The Ticket will emerge from bankruptcy with George Soros as its majority shareholder.

Soros Fund Management is positioned to become the biggest shareholder of Audacy when the radio and podcast company emerges from bankruptcy.The investment firm founded by billionaire George Soros has scooped up more than $400 million of Audacy’s highest-ranking debt, bankruptcy court filings show.....

Two of the most prominent buildings owned by a late Detroit developer are on the market.
02/18/2024

Two of the most prominent buildings owned by a late Detroit developer are on the market.

The 34-story Broderick Tower on Grand Circus Park is for sale for an undisclosed price — as is the nearby Elliott Building — following the September death of owner Michael Higgins.

While some organizations are increasing ticket and sponsorship prices or introducing different ticket tiers, others are ...
02/16/2024

While some organizations are increasing ticket and sponsorship prices or introducing different ticket tiers, others are changing venues and event formats.

Even successful events need refreshers to keep them on the "must attend" list, leaders said.

News resources in Michigan are at their breaking point — but new business models are offering hope for the future.
02/16/2024

News resources in Michigan are at their breaking point — but new business models are offering hope for the future.

News resources in Michigan are at their breaking point, but new business models are offering some hope for the future.

The Republican National Committee is siding with former Rep. Pete Hoekstra in a battle over who will lead Michigan's par...
02/15/2024

The Republican National Committee is siding with former Rep. Pete Hoekstra in a battle over who will lead Michigan's party as it faces a crucial election season.

The former congressman and U.S. ambassador to the Netherlands is in a battle for state GOP leadership with Kristina Karamo.

A new restaurant is coming to the former home of Inn Season Cafe in Royal Oak.
02/15/2024

A new restaurant is coming to the former home of Inn Season Cafe in Royal Oak.

Fourth Street Restaurant will combine some elements of Col's with some new twists, including a bar.

It took Gotion weeks to find a contractor as several local tree-cutting services turned away the business.
02/14/2024

It took Gotion weeks to find a contractor as several local tree-cutting services turned away the business.

After receiving a $23.6 million disbursement from the state and weeks of struggling to find a contractor to take its money, Gotion began clearing...

The venture from the Gilbert family and 7OH2 Hospitality is being billed as "Detroit's most intimate room.”
02/14/2024

The venture from the Gilbert family and 7OH2 Hospitality is being billed as "Detroit's most intimate room.”

Saksey’s will open this spring in the basement of the same building where Gilly’s Clubhouse and Rooftop bar — a vision from Dan Gilbert's late son, Nick — is coming together.

The earmark would double Michigan's total state subsidy for the first-ever reboot of a decommissioned nuclear plant.
02/14/2024

The earmark would double Michigan's total state subsidy for the first-ever reboot of a decommissioned nuclear plant.

If enacted, the earmark would bring the total state subsidy for the Palisades nuclear plant to $300 million in the current fiscal year.

The former Detroit police chief said he’s "strongly considering" a run for mayor next year.
02/14/2024

The former Detroit police chief said he’s "strongly considering" a run for mayor next year.

The former Detroit police chief blamed a lack of funds for ending his campaign to be the Republican candidate to succeed Debbie Stabenow.

A West Michigan battery plant is forging ahead as other EV projects across the state scale back.
02/13/2024

A West Michigan battery plant is forging ahead as other EV projects across the state scale back.

Gotion Inc. is preparing to submit “very comprehensive” requests for local, state and federal environmental permits to advance its $2.4 billion...

The strip mall housing Marvin’s is coming down, but it’s not the end of the line for the beloved arcade.
02/13/2024

The strip mall housing Marvin’s is coming down, but it’s not the end of the line for the beloved arcade.

The Farmington Hills City Council has green-lit a plan that involves tearing down the longtime home of the beloved Marvin's Marvelous Mechanical Museum.

The century-old building on Jefferson has been a key target of Mayor Mike Duggan’s effort to remove blighted buildings.
02/13/2024

The century-old building on Jefferson has been a key target of Mayor Mike Duggan’s effort to remove blighted buildings.

After being vacant for more than two decades, demolition has started on the former Hannan Memorial YMCA on Jefferson Avenue in Detroit.

Whitmer's free community college plan is meeting pushback among state schools.
02/13/2024

Whitmer's free community college plan is meeting pushback among state schools.

The education guarantee could save more than 18,000 students up to $4,820 on tuition and fees each year, but public universities fear they'll lose...

One rule would mandate fire sprinklers in all newly built homes, making Michigan one of few states to do so.
02/12/2024

One rule would mandate fire sprinklers in all newly built homes, making Michigan one of few states to do so.

A push to overhaul Michigan's residential construction building codes could increase costs at a time when new construction is needed to meet the...

Pasquale’s Restaurant is coming down nearly five years after serving its last pizza.
02/12/2024

Pasquale’s Restaurant is coming down nearly five years after serving its last pizza.

Almost five years after serving its last meal, the former home of Pasquale's Restaurant in Royal Oak is about to be razed following the issuance of a demolition permit last week.

For the first time in 11 years, enrollment is up at Michigan colleges.
02/12/2024

For the first time in 11 years, enrollment is up at Michigan colleges.

Enrollment at Michigan’s colleges and universities increased slightly last fall after more than 10 years of declines.

You won't see Super Bowl ads from Rocket, UWM or any Detroit automakers — but the lawyers will be there.
02/11/2024

You won't see Super Bowl ads from Rocket, UWM or any Detroit automakers — but the lawyers will be there.

Two big local law firms will release new ads Sunday during the NFL title game.

A second Ford supplier in as many weeks says it's laying off workers due to a drop in business from the automaker.
02/11/2024

A second Ford supplier in as many weeks says it's laying off workers due to a drop in business from the automaker.

CEVA Logistics plans to lay off at least 80 workers at a warehouse in Romulus, citing a reduction in business at Ford Motor Co. as the cause.The...

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Just how big could hosting the NFL draft be for Detroit? Lions CEO Rod Wood envisions “hundreds of millions of dollars” in economic impact. Wood, speaking Tuesday during a Crain’s Power Breakfast, weighed in on the draft next April, the future of Ford Field, and whether Detroit might ever host another Super Bowl. “I think the plan is to keep the game in (warm-weather cities like) Los Angeles, Miami, Las Vegas,” Wood said, chatting on stage with Crain Communications President and CEO KC Crain. “The suites in Vegas for the Super Bowl are $1 million.” Wood also touched on the Lions’ current success, as well as the performance of GM Brad Holmes and head coach Dan Campbell. “I wasn’t prepared for the ‘biting kneecaps’ comment,” Wood said. “But that’s (Campbell). He’s authentic … He’s a tough guy who knows what the players are going through. The players have an immense amount of trust in him and it shows on Sundays.” Read more at the link in our profile.

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Want to hear secrets from Michigan's 'coolest' workplace? We'll share those + much more in our virtual countdown and Q&A. Grab your lunch and tune in: crainsdetroit.com/cool-event.

On Aug. 20, get an exclusive sneak peek at Michigan's 100 Cool Places to Work! Our fun-filled virtual reveal provides valuable insight into the unique perks and other secrets of the 'coolest' workplaces. Register at crainsdetroit.com/cool-event.

You're eating plastic. No, really. Learn more in our latest Crain’s Forum: http://ow.ly/71Ig50FIHJc

How the plastic we buy ends up in our water and food
How the plastic we buy ends up in our water and food

You're eating plastic. No, really. Learn more in our latest Crain’s Forum: ow.ly/XITd50FHad5

ICYMI: John Rakolta Jr., former CEO of Walbridge, helmed by his family for three generations, shares his primary #familybusiness objective: bringing family closer together. Hear Rakolta's full interview with our CEO KC Crain & much more at our summit: http://ow.ly/NDel50F9B82.

ICYMI: Ideal Group's Jesse and Linzie Venegas discuss how a #familybusiness blurs the line between personal and work life with third-generation family business CEO KC Crain. For more personal insights from #fambiz owners, register for our Family Business Summit: http://ow.ly/L6LE50F8VYl.

John Rakolta Jr., former CEO of Walbridge, helmed by his family for three generations, shares his primary #familybusiness objective: bringing family closer together. Hear Rakolta's full interview with our CEO KC Crain & much more at our summit: http://ow.ly/tl7X50F8I3X.

When you run a #familybusiness, the lines between work and personal life can become blurred, as Ideal Group's Jesse and Linzie Venegas discuss with third-generation family business CEO KC Crain. For more personal insights from #fambiz owners, register for our Family Business Summit: http://ow.ly/gvBa50F7NxO.

Nominations are now open for Notable LGBTQ Executives. Do you know a business leader who identifies as LGBTQ and is making an impact? Honor them by submitting a free nomination today! http://ow.ly/REYr50DPeQs

The new Crain’s Detroit Business app puts all the day's headlines — and alerts for breaking news, into the palm of your hand. Download the free app on iOS or android. http://ow.ly/Jc5G50DXGGs

Crain’s subscribers are now a tap away from the latest coverage. Download the free app on iOS or android. http://ow.ly/GEuf50DXGEt

Nominations close today for Michigan's Notable Executives in Diversity, Equity and Inclusion. Learn more and submit a free nomination today! http://ow.ly/mjHZ50DEUPf

Nominations are now open for Notable LGBTQ Executives. Do you know a business leader who identifies as LGBTQ and is making an impact? Honor them by submitting a free nomination today! http://ow.ly/sXLU50DP1EG

Join us for a free webcast as we take a deep-dive into what happened with the biggest deals in a year like no other. Crain’s reporter Dustin Walsh talks with Michigan-based biotech executive Mina Sooch and Greg Lehmkuhl of Lineage Logistics about their strategies, obstacles and wins from last year's mergers and acquisitions. http://ow.ly/QRZB50Dy4q8

Today at 4 p.m.: Crain's Newsmakers webcast series presents conversations with two people at the center of the coronavirus battle: Michigan Chief Medical Officer Dr. Joneigh Khaldun, and Henry Ford Health CEO Wright Lassiter III. Register now: http://ow.ly/LFil50DvrG4

Hear from our 2020 Newsmakers in a series of exclusive, one-on-one conversations with Crain’s Publisher KC Crain and Executive Editor Kelley Root. Each session in this virtual event series is each Tuesday in February at 4 pm. Register for free today! http://ow.ly/CvXk50DdVXG

Hear from our 2020 Newsmakers in a series of exclusive, one-on-one conversations with Crain’s Publisher KC Crain and Executive Editor Kelley Root. Each session in this virtual event series is each Tuesday in February at 4 pm. Register for free today! http://ow.ly/CvXk50DdVXG

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