Kirk Pinho

2 weeks ago | crainsdetroit.com | Kirk Pinho

The founder of a prominent Royal Oak-based construction contractor died Sunday. Bernie Ronnisch was just a few weeks shy of his 62nd birthday when he passed away June 8 due to complications from glioblastoma, a brain cancer, said Frank Jarbou, who owns Royal Oak-based Ronnisch Construction Group. Ronnisch founded the company more than 30 years ago, and Jarbou has been part of the ownership for more than a decade.

3 weeks ago | crainsdetroit.com | Kirk Pinho

The Detroit City FC soccer organization is looking to raise another $15 million as its final bucket of equity for a new stadium in southwest Detroit. The $15 million raise, revealed in a U.S. Securities and Exchange Commission filing Tuesday, would bring the team to $50 million in equity after it secured $10 million in a March equity raise and had previously privately secured an undisclosed $25 million in equity.

3 weeks ago | crainsdetroit.com | Kirk Pinho

A prominent shopping center along a heavily traveled commuter route between Detroit and Lansing has sold to new ownership for $17 million. The Tanger Factory Outlet Center in Howell is now owned by a joint venture between New York City-based Time Equities Inc. and Bloomfield Hills-based Lormax Stern Development Co. LLC —  and now has a new name. The more than 300,000-square-foot shopping center at 1475 N. Burkhart Rd. along Interstate 96 is now called the Kensington Valley Outlets.

3 weeks ago | crainsdetroit.com | Kirk Pinho

A Midtown development that marked a major corporate signal of Detroit’s rebound has new ownership following a sale in mid-April.  According to land records, the retail component of The Ellington at the corners of Woodward and Mack avenues has sold to an entity called Midtown Resource LLC, which is registered to Karam “Kevin” Bahnam, who founded the USA 2 Go chain of convenience stores.

4 weeks ago | crainsdetroit.com | Kirk Pinho

A luxury NoMad hotel is slated to take over the top five floors of the redeveloped Michigan Central Station — and could put Detroit on pace to have two five-star hotels open at roughly the same time. Josh Sirefman, CEO of the Michigan Central nonprofit that oversees the 30-acre campus by Ford Motor Co. in Corktown, said the hotel flag, a recently acquired brand of McLean, Va.-based Hilton Worldwide Holdings Inc., is expected to open in 2027 with nearly 180 guest rooms.