Pharrell Williams, Reserve Properties and Westdale Properties unveil residential collaboration in Toronto

TORONTO, Canada — Reserve Properties and Westdale Properties announce an unprecedented collaboration with Pharrell Williams on a new two-tower, residential development at Yonge and Eglinton, the epi-centre of Toronto. Untitled is the culmination of a multi-faceted design process that saw the internationally acclaimed artist, musician and designer collaborate with an extended project team, including architects IBI Group and Interior Designers U31,…

Apple commits $2.5 billion to combat housing crisis in California

CUPERTINO, California — Apple announced a comprehensive $2.5 billion plan to help address the housing availability and affordability crisis in California. As costs skyrocket for renters and potential homebuyers — and as the availability of affordable housing fails to keep pace with the region’s growth — community members like teachers, firefighters, first responders and service…

Gilbert, Ross partner to bring “innovation center” to downtown Detroit

DETROIT, Michigan — Real estate mogul Stephen Ross, a Detroit native and U-M alumnus, and Detroit businessman Dan Gilbert are partnering to bring an “innovation center” in downtown Detroit on the site of the aborted Wayne County jail project. The development is part of a $300 million-plus development, with the University of Michigan which will include a hotel…

Trump International Hotel and Tower named the best in the World

NEW YORK, New York — The Trump International Hotel and Tower in New York has been named as the best hotel in the world by readers of Luxury Lifestyle Magazine —  a luxury travel magazine. Luxury Lifestyle Magazine asked its readers to vote for their best travel experiences from a list of the world’s top 10…

Private equity firm buys Grand Hotel on Mackinac Island

MACKINAC, Michigan — KSL Capital Partners, LLC (KSL) and the Musser family announced today that they have entered into a definitive agreement under which an affiliate of KSL will acquire the Grand Hotel from the Musser family, whose legacy with the hotel dates back over 85 years. Dan Musser III will remain Chairman, providing leadership…

Bedrock Announces a series of Leaderhship Changes

DETROIT, Michigan — Bedrock announced effective September 1, Matt Cullen will be joining Bedrock as Chief Executive Officer and Mark Dunkeson will be joining as President and Chief Operating Officer. Cullen and Dunkeson have led JACK Entertainment (“JACK”), a casino gaming and racino company, which owns and operates properties in the Midwest, and will be…

L.A. Clippers Unveil Plans for New Arena and Entertainment Center in Inglewood

LOS ANGELES, California — The L.A. Clippers unveiled renderings and additional details of the team’s privately-financed sports and entertainment center anchored by their new basketball arena in Inglewood on Thursday. In addition to the arena, the proposed project located on West Century Boulevard between South Prairie Avenue and South Yukon Avenue will include the team’s…

The Palace of Auburn Hills and Surrounding Land to be Redeveloped

DETROIT, Michigan — Tom Gores chairman and CEO of private equity firm, Platinum Equity and owner of the Detroit Pistons NBA franchise announced today the formation of a joint venture to redevelop the Palace of Auburn Hills and its surrounding land. Livonia, Mich.-based Schostak Brothers & Company will serve as the lead partner and manage the future…