Search

Byline: Nick Manes Mat Ishbia has nothing personal against Dan Gilbert. He just wants to 'dominate' in business. The two metro Detroit billionaires have a long and well-documented feud, with [...]

Byline: Nick Manes Any Zillow addict in Detroit has all but assuredly gotten sticker shock when looking at the HOA fees for some condos in the city. Communities such as [...]

Byline: Nick Manes A proposed mixed-use development in the Downriver area is poised to move forward following approval of incentives of nearly $3 million by the state's economic development arm. [...]

Byline: Nick Manes Metro Detroit's two largest mortgage lenders emerged from a difficult fourth quarter, which underscored their increasingly diverging paths. Rocket Companies Inc., the Detroit-based parent of Rocket Mortgage [...]

Byline: Nick Manes Once home to an alleged Detroit heroin dealer, the residence at 19691 Shrewsbury Road in the city's desirable northwest Sherwood Forest neighborhood has been through some changes [...]

Byline: Nick Manes In yet another sign of uncertainty for the metro Detroit residential real estate market, two of the region's major industry groups are going through a fairly public [...]

Byline: Nick Manes Call it the haves and have nots. While there's a certain amount of gloominess in the raw data concerning metro Detroit's housing market, local executives say they're [...]

Byline: Nick Manes The Michigan State Housing Development Authority is on the front lines of the state's efforts to add more housing supply, from urban centers like Detroit and Grand [...]

Byline: Nick Manes In announcing his retirement last week from Rocket Companies Inc., CEO Jay Farner will pass the torch during a period of upheaval for the company and the [...]

Byline: Nick Manes There's a classic line in the 1995 crime movie 'The Usual Suspects' in which one character asks another -- regarding the death of a colleague -- 'Was [...]

Byline: Nick Manes For an asking price of $2.5 million, you, too, can have a moat -- and a castle to go with it. Back on the market Wednesday, the [...]

Byline: Nick Manes The newly installed leader of Michigan's housing agency is walled off from working on one of the core mechanisms used for affordable rental housing due to concerns [...]

Byline: Nick Manes An under-construction house in Birmingham could serve as a unique entertainment hub for those who wish to live in easy walking distance of the affluent suburb's central [...]

Byline: Nick Manes The new chief operating officer of Comerica Bank will be based in Southeast Michigan. Megan Crespi, who joined the Dallas-based bank in March 2020 and was most [...]

Byline: Nick Manes Mat Ishbia, CEO, United Wholesale Mortgage Having your company become the largest lender during a challenging year for the mortgage sector. Dealing with the death of a [...]

Byline: Nick Manes Alessandro DiNello, non-executive chairman, New York Community Bancorp Inc. Expanding the scope of a languishing bank merger deal helped get the deal over the finish line. So [...]

Byline: Nick Manes After a 15-month delay, and amid questions about possible conflicts of interest that stakeholders say have been addressed, Michigan has a new executive director running its housing [...]

Byline: Nick Manes In the spring of 2021, as the COVID-19 pandemic fueled a buying spree, nearly three-quarters of homes placed on the market in Southeast Michigan were sold within [...]

Byline: Nick Manes Michigan saw plenty of moves last year, but most of them were heading for the border, according to a new report. The 46th annual study from St. [...]

Byline: Nick Manes The nation's leading economic policymakers are signaling that a slowdown to the rapid rise in borrowing costs is on the horizon but that smaller increases will continue. [...]

Byline: Nick Manes Approaching two years in the making, Flagstar Bank on Thursday became part of a New York financial institution. Still, despite the long wait, executives say the parties [...]

Byline: Nick Manes Michigan's mergers and acquisitions practitioners, largely working outside the largest headline-grabbing deals, say the current market offers enough runway to get transactions done, but quality matters. Total [...]

Byline: Nick Manes Longtime General Motors advertising agency Campbell Ewald has undertaken an executive shuffle, which includes naming the first woman as its CEO in the company's 112-year history. Kari [...]

Byline: Nick Manes Jack Rehmann, the namesake of the metro Detroit accounting firm Rehmann died on Nov. 16. He was 92. Born Jacob Joseph Rehmann, the Northern California resident started [...]

Byline: Nick Manes A former newspaper building will now serve, in part, as a hub for the backend technology needs of the tenants of downtown Detroit's biggest landlord. Bedrock LLC, [...]

Byline: Nick Manes In a time of rising interest rates, purchase volume stands as perhaps the most important metric for a mortgage lender. That appears to be paying off for [...]

Byline: Nick Manes Dug Song might be Michigan's biggest entrepreneurial success story in recent years, but these days he's spending much of his time looking after a puppy and teaching [...]

Byline: Nick Manes The state regulatory agency tasked with overseeing cannabis businesses has temporarily suspended the license of a retail store in northwest Detroit. Michigan's Cannabis Regulatory Agency on Oct. [...]

Byline: Nick Manes A new lawsuit brought by a troubled metro Detroit-based bank seeks to oust its founder and controlling shareholder -- a partial owner of the San Francisco Giants [...]

Byline: Nick Manes In March 2020, Joseph Gracia was in the San Francisco Bay area fundraising for a new financial technology startup focused on providing relief for those with student [...]

Byline: Nick Manes Large national and regional banks have gained substantial ground in Michigan in recent years, further cutting into the business of the state's smaller, local banks, according to [...]

Byline: Nick Manes To say the economy feels topsy-turvy is an understatement. Inflation is running rampant and interest rates are soaring. Metro Detroit's homegrown mortgage companies are increasingly squeezed as [...]

Byline: Nick Manes A Detroit startup that seeks to make digital privacy into an employee-provided benefit has closed on a $4 million capital raise. Hush, founded by veteran entrepreneur Mykolas [...]

Byline: Nick Manes The son of perhaps Detroit's most prominent businessman is going public with a new business venture of his own. Grant Gilbert -- the 24-year-old son of mortgage [...]

Byline: Nick Manes and Kirk Pinho A potential model for the future of innovation in Detroit can be found on an island in New York's East River that used to [...]

Byline: Nick Manes The development timeline for a new bank headquarters in downtown Detroit has been through two merger deals and a global pandemic. But on Wednesday morning, the doors [...]

Byline: Nick Manes Since taking over as the Michigan market executive for Citizens Bankin March, Yasmeen Jasey has focused on hiring. The veteran middle market banker, who joined Providence, R.I.-based [...]

Byline: Nick Manes William Blake III; 38 Partner, Beringea LLC Career trajectory: William Blake did not set out to be in the venture capital sector, but the ability to lend [...]

Byline: Nick Manes Laura Lewis; 39 General Counsel, StockX Career trajectory:After launching her career in corporate law in New York City, Laura Lewis slowly began focusing her practice toward working [...]

Byline: Nick Manes Trista Van Tine, 37 Executive Director and Co-founder, Michigan Founders Fund Career trajectory: Trista Van Tine describes her career thus far as 'non-linear.' Growing up in rural [...]

Byline: Nick Manes Amid the ongoing war in Ukraine waged by Russian forces, one Detroit law firm is expanding in the region, hoping to gain a foothold for future work [...]

Byline: Nick Manes Home Point Capital Inc., the struggling Ann Arbor-based mortgage lender, will lay off more than 200 employees later this year, according to a filing with the state. [...]

Byline: Nick Manes You may not know Destination Media, but you probably know the company for the video features and ads that you see for maybe 2 minutes on a [...]

Byline: Nick Manes In a bid to tap into a broader field of potential talent and bolster its service offerings, the law firm Jaffe Raitt Heuer & Weiss PC is [...]

Byline: Nick Manes Mortgage executive Jay Farner appears to be sending an 'expensive signal' to the marketplace: While the stock for Detroit-based Rocket Companies Inc. may be in decline at [...]

Byline: Nick Manes It's not all doom and gloom in the world of independent mortgage brokers. The rapid rise in interest rates has had myriad effects on the entire residential [...]

Byline: Nick Manes Private equity firm Huron Capital Partners LLC has added to its string of investment exits. The Detroit-based firm on Wednesday announced the sale of Phoenix-based Pueblo Mechanical [...]

Byline: Kurt Nagl And Nick Manes The founder of an embattled Ann Arbor-based maker of infrared light therapy devices says its creditors are trying to force it to liquidate due [...]

Byline: Nick Manes Amid a challenging market for mortgage lenders, the Detroit-based parent company of Rocket Mortgage continues to seek new ways to diversify its personal finance business. First announced [...]

Byline: Nick Manes While the threat of closure has loomed over Selfridge Air National Guard Base for years, local and federal officials say there's a host of new and emerging [...]