News Summary Onyx Partners Ltd., a Boston-based private equity firm, has announced its acquisition of 119 JCPenney stores for $947 million. The all-cash deal, set to close by September 8, 2025, aims to help JCPenney repay its creditors following its Chapter 11 bankruptcy filing in 2020. The stores span 16.05
News Summary The historic Michigan Central Station in Detroit will soon host a NoMad hotel, featuring around 180 rooms and 30 suites. Scheduled to open in the first half of 2027, this development will focus on art and culture, with local creations showcased. The station, reopened to the public in
News Summary A new study from Michigan State University reveals that farmers can enhance their income by integrating solar energy with crop production, a practice known as agrivoltaics. Focusing on California farmland, the research indicates that installing solar panels can increase revenue while allowing for continued crop growth. The findings
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