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Stephen Ross steps away from his real estate company — but not District Detroit Stephen Ross is stepping down as chairman of his New York City-based development giant, Related Cos. Ross, the billionaire developer who is a Detroit native and University of Michigan graduate, told the Wall Street Journal he is now concentrating his efforts in West…
A big new entrant to Michigan has plans for former Ginopolis restaurant site A company looking to plant its flag in Michigan may breathe life into the former site of a once-famous restaurant. The Sheetz chain is planning a gas station and convenience store in Farmington Hills on the site where Ginopolis Restaurant sat. Sheetz…
This home has a Hudson’s elevator, ice cream parlor and Eminem video credit — all for $12M A self-proclaimed fan of “architectural artifacts,” a walk around Ron Lipson’s waterfront home shows that to be undoubtedly true. Designed by noted metro Detroit architect Lou DesRosiers, the 15,000-square-foot contemporary lakefront home dates back to 2000, with the…
Flagstar Bank parent company splits shares to boost ailing stock price The parent company of Flagstar Bank raised its beaten-down stock price to a somewhat higher level Friday thanks to a financial facelift. The struggling New York Community Bancorp reverse-split its stock, meaning investors who owned 1,000 shares before now hold 333, although their overall stake didn’t…
Owning a home is a keystone of wealth… both financial affluence and emotional security.