News

Compass makes play for @properties parent amid consolidation of real estate brokerages The nation’s largest residential real estate brokerage could soon have a presence in Southeast Michigan and across the state. New York City-based Compass Inc. (NYSE: COMP) announced Monday afternoon that it has reached a deal to acquire Christie’s International Real Estate as well…

Music Hall eyes early 2025 groundbreaking for new multi-story expansion Music Hall’s $125 million expansion project, delayed this year while financing plans and other requirements for $80 million in nonprofit bonds were firmed up, could see a groundbreaking as soon as early next year. The organization secured a $45 million bridge loan last month from…

Homebuilders at odds with municipalities over housing development reform bills A package of bills proceeding through the state Legislature could amount to a significant change in zoning policy for housing developments around Michigan should they be enacted.  The four bills from Democratic state Reps. Kristian Grant of Grand Rapids and Cynthia Neeley of Flint aim…

Cannabis giant shuts down Michigan grow operation as workers unionize, prices slump One of the country’s largest cannabis operators is abandoning its Michigan grow operations.  Chicago-based PharmaCann told employees Monday it would shutter its 207,000-square-foot LivWell Michigan cultivation site in Warren, laying off at least 170. Todd Lince, president of Teamsters Local Union No. 337,…