News Summary Michigan is witnessing notable demographic shifts in 2025, with residents relocating mainly within the Midwest and a surprising influx into Detroit. U-Haul’s analysis indicates that summer moves account for a substantial portion of relocations, reflecting a rebound in population growth. Despite some out-migration, Detroit is seeing an increase
News Summary Chicago’s real estate sector sees a notable change as Sterling Bay and Magellan Development Group sell the Millie on Michigan tower to Cedar Street and Kayne Anderson Real Estate. This 47-story mixed-use building features 289 luxury apartments and retail space, marking a significant deal amidst ongoing multifamily sales
News Summary TerrAscend Corp. will close its 20 dispensaries and four cultivation facilities in Michigan, leading to the layoff of 236 employees. The company’s decision, driven by market challenges and a significant operational evaluation, marks a 21% reduction in its workforce. As sales of recreational cannabis decline, TerrAscend plans to
News Summary Gas prices in Michigan have soared to a record high of $3.30 per gallon as of this weekend, showing a significant increase from previous weeks. Currently, the average price for regular unleaded fuel stands at $3.29, impacting drivers as they fill their tanks. Regional variances in pricing are
News Summary The Lawrence City Commission has approved a rezoning request for a new two-story apartment complex with 24 units. Developed by LMK Homes LLC, the complex will include 12 one-bedroom and 12 two-bedroom units, with internalized parking and enhanced pedestrian access. While supporters emphasize the need for affordable housing,
News Summary A luxurious lakeside estate at 82 Chateaux Du Lac in Fenton, MI has been listed for $5.25 million by Signature Sotheby’s International Realty. This grand property features over 16,000 square feet of living space, stunning water views, and a range of upscale amenities. Recognized as MLive’s House of
News Summary The recreational cannabis market in Michigan is experiencing a major shift as prices tumble, with the average retail price for an ounce dropping to $65.21 in February 2025. This decrease of nearly 30% within a year raises questions about the sustainability of local cannabis businesses. While sales are
News Summary Michigan’s job market experienced fluctuations in January 2024, with the unemployment rate rising slightly to 5.3%. Despite the increased jobless rate, total employment rose by 6,000, indicating a complex labor landscape. The state saw mixed trends in various sectors, with growth in education and health services but losses
News Summary Kohl’s plans to close 27 underperforming stores across the U.S. by April 2025, alongside a fulfillment center in California. This decision comes amidst declining sales and a challenging retail environment, with over 7,100 store closures in 2024. While the company aims to streamline operations, it will provide severance
News Summary The Dimor Group has announced a $12 million investment to establish a new 45,000-square-foot factory in Battle Creek, Michigan, at the Executive Airport. This factory will assemble Junkers Aircraft models, create approximately 40 jobs over the next five years, and enhance local manufacturing capabilities. Preparations are already underway
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