Business News

Novi, MI Business News

Novi’s Twelve Oaks Mall to Add New Tenants

May 30, 2025

News Summary Novi’s Twelve Oaks Mall is set to welcome three new tenants—DICK’S House of Sport, Primark, and Round 1—in a significant transformation of the former Sears space. These innovative...

Novi City West: A $270 Million Development Project

May 30, 2025

News Summary Novi, Michigan, is set to undergo a major transformation with the introduction of the $270 million ‘Novi City West’ development. This project will feature over 400 housing units,...

Novi City West: A New Mixed-Use Development Proposal

May 29, 2025

News Summary A new mixed-use development, Novi City West, has been proposed to revitalize the Grand River corridor in Novi, Michigan, with an estimated cost of $270 million. The project...

Novi to Launch $270 Million City West Development Project

May 29, 2025

News Summary Novi, Michigan is set to transform with a new $270 million development named Novi City West. Spearheaded by Blair Bowman, the project will include a hotel, grocery store,...

Community Resource Consultants, Inc. (CRCI) Announces 2025 Case Management Future Medical Leaders Scholarship Recipients

May 28, 2025

Community Resource Consultants, Inc. (CRCI), a premier provider of trauma rehabilitation medical case management in Michigan, proudly announces the recipients of the 2025 CRCI Case Management Future Medical Leaders Scholarship....

CRCI, Medical Case Management Provider Supports Belle Tire Sled Hockey in Metro Detroit

May 28, 2025

Community Resource Consultants, Inc. (CRCI), a Michigan-based leader in trauma rehabilitation medical case management, is thrilled to announce its proud support for the Belle Tire Sled Hockey program. This collaboration...

Redevelopment of Former Sears Store at Twelve Oaks Mall

May 28, 2025

News Summary The long-abandoned Sears store at Twelve Oaks Mall in Novi, Michigan, will be redeveloped to include attractions like Dick’s House of Sport, Round1 Bowling and Arcade, and Primark....

Three New Retailers Set to Replace Former Sears at Twelve Oaks Mall

May 28, 2025

News Summary Twelve Oaks Mall in Novi, Michigan, is welcoming three new retailers to fill the space left by the former Sears store. DICK’s House of Sport, Primark, and Round1...

Novi Set for Mall Revitalization with New Entertainment Options

May 24, 2025

News Summary Twelve Oaks Mall in Novi, Michigan, is poised for significant transformation with the introduction of new tenants like Dick’s House of Sport, Primark, and Round One Bowling and...

Tyson Foods Sells Cold Storage Warehouses to Lineage Inc.

May 10, 2025

News Summary In a strategic move to enhance its financial position, Tyson Foods has announced the sale of four cold storage warehouses to Lineage Inc. for $247 million. Located across...

Lineage Inc. Reports Q1 2025 Earnings Results

May 4, 2025

News Summary Lineage Inc. announced its Q1 earnings for 2025, reporting funds from operations of $219 million, exceeding analyst expectations but falling short on revenue. Total revenue reached $1.29 billion,...

Lineage Inc. Reports Strong Q1 Performance Amidst Major IPO

May 2, 2025

News Summary Lineage Inc., a cold-storage REIT, reported robust financial performance for Q1, with FFO exceeding forecasts at $219 million. However, revenue fell short of estimates. The company raised $4.4...

Stoneridge Inc. Reports $7.2 Million Loss in Q1 2023

May 1, 2025

News Summary Stoneridge Inc. has reported a first-quarter loss of $7.2 million, or 26 cents per share, as the company navigates challenges in the competitive automotive market. Despite the losses,...

Shyft Group Sees $1.4 Million Loss in Q1 2025

April 29, 2025

News Summary The Shyft Group, Inc. reported a net loss of $1.4 million for the first quarter of 2025, equating to 4 cents per share. Despite the losses, revenue reached...

Shyft Group Reports First Quarter Loss but Eyes Future Merger

April 26, 2025

News Summary Shyft Group, Inc. announced a first-quarter loss of $1.4 million, equating to 4 cents per share. However, adjusted earnings showed a profit of 7 cents per share. The...

Financial Storm at Stoneridge Inc. in Novi, Michigan

March 5, 2025

News Summary Stoneridge Inc. has reported significant financial losses in the fourth quarter, with a loss of $6.1 million, raising concerns about the company’s future. Over the fiscal year, total...

Lineage Reports Strong Fourth Quarter Results in Novi

March 3, 2025

News Summary Lineage, the real estate investment trust based in Novi, Michigan, has impressively exceeded expectations in its fourth-quarter results, reporting funds from operations of $213 million and raising $4.4...

Stoneridge Inc. Faces Financial Challenges with Q4 and Annual Losses

March 1, 2025

News Summary Stoneridge Inc. has reported significant financial losses for Q4, totaling $6.1 million, and an annual loss of $16.5 million for the fiscal year. Despite generating $218.2 million in...

Novi City West: A $270 Million Development Project

May 30, 2025

News Summary Novi, Michigan, is set to undergo a major transformation with the introduction of the $270 million ‘Novi City West’ development. This project will feature over 400 housing units,...

Novi City West: A New Mixed-Use Development Proposal

May 29, 2025

News Summary A new mixed-use development, Novi City West, has been proposed to revitalize the Grand River corridor in Novi, Michigan, with an estimated cost of $270 million. The project...

Novi to Launch $270 Million City West Development Project

May 29, 2025

News Summary Novi, Michigan is set to transform with a new $270 million development named Novi City West. Spearheaded by Blair Bowman, the project will include a hotel, grocery store,...

Redevelopment of Former Sears Store at Twelve Oaks Mall

May 28, 2025

News Summary The long-abandoned Sears store at Twelve Oaks Mall in Novi, Michigan, will be redeveloped to include attractions like Dick’s House of Sport, Round1 Bowling and Arcade, and Primark....

Schoenherr Roofing Opens New Location in Novi, MI

March 24, 2025

News Summary Schoenherr Roofing, a trusted name in the roofing industry, marks its 30th anniversary by opening a new location in Novi, Michigan. With over 6,200 successful installations, this company...

Schoenherr Roofing Celebrates 30 Years with New Novi Location

March 21, 2025

News Summary Schoenherr Roofing, a trusted name in roofing services since 1995, has opened a new location in Novi, Michigan, marking their 30th anniversary. Known for their quality craftsmanship and...

Sheetz to Open Four New Locations in Metro Detroit

February 7, 2025

News Summary Sheetz has announced plans to expand in Metro Detroit with four new convenience store locations, bringing the total to 13 approved stores in the area. The new sites...

Big Changes Coming to Detroit’s Gratiot Avenue with New Innovation District Plans

December 19, 2024

Big Changes Coming to Detroit’s Gratiot Avenue! Hey there, Detroit! There’s some *exciting news* buzzing in the air, and it’s all about transformation and innovation. The once-stalled Wayne County Criminal...

Southfield Celebrates Grand Opening of New ReStore to Boost Home Improvement and Community Support

December 19, 2024

Southfield Welcomes New ReStore: A Hub for Home Improvement and Community Support! Southfield is buzzing with excitement as it introduced a new member to its community on December 4th! The...

Novi Community Mourns Owner of Beloved Salon Head West

March 16, 2025

News Summary The Novi community is coming together to support Salon Head West, a cherished establishment that recently faced a heartfelt transformation following the owner, Jeff West’s, diagnosis of Stage...

The Shyft Group Announces Cash Dividend for Shareholders

February 20, 2025

News Summary The Shyft Group, a leading manufacturer of specialty vehicles based in Southfield, Michigan, has announced a cash dividend of $0.05 per share for its shareholders. The dividend will...

Farmington Hills Celebrates BurgerFi Joining the Savvy Sliders Family

December 19, 2024

Farmington Hills Welcomes BurgerFi to the Savvy Sliders Family! Good news for burger lovers in Farmington Hills! Savvy Sliders, the rising star of the fast-casual dining scene, has made a...

Wayne County Experiences Surge in Home Sales with Over 400 Transactions in Just One Week

December 16, 2024

Wayne County Real Estate: A Flurry of Home Sales! Hey there, folks! Have you heard the latest buzz about the housing market in Wayne County? From December 9 to December...

Dearborn Heights Dominates Wayne County Real Estate Market with Record Sales

December 14, 2024

Dearborn Heights Holds the Crown in Wayne County Real Estate Sales! Hello, everyone! It seems that the real estate market in Dearborn Heights is buzzing with excitement! Just last week,...

Birmingham Firm Spreads Holiday Cheer with Successful Food Drive

December 3, 2024

Birmingham Firm Spreads Holiday Cheer with Food Drive The spirit of giving is alive and well in Birmingham! DesignTeam Plus, a local architecture and interior design firm, has just wrapped...

Wayne County Real Estate: Discover Hot Homes Under $500,000!

November 27, 2024

Wayne County Real Estate Buzz: Hot Homes Under $500,000! Hey there, Wayne County residents! Are you on the hunt for your dream home without breaking the bank? Well, you’re in...

Wayne County Real Estate Thrives with Homes Under $200K

November 21, 2024

Wayne County Sees Thriving Real Estate Market Under $200K Hey there, folks! If you’re in the market for a new home without breaking the bank, then you’re in luck! Wayne...

Exciting New Clean Express Auto Wash Opens in Waterford Township with Grand Opening Specials and Community Contributions

November 15, 2024

Exciting News for Waterford Township: Clean Express Auto Wash Grand Opening! Waterford Township is buzzing with excitement as it welcomes the latest addition to their community: the third Clean Express...

Novi City West: A $270 Million Development Project

May 30, 2025

News Summary Novi, Michigan, is set to undergo a major transformation with the introduction of the $270 million ‘Novi City West’ development. This project will feature over 400 housing units,...

Novi City West: A New Mixed-Use Development Proposal

May 29, 2025

News Summary A new mixed-use development, Novi City West, has been proposed to revitalize the Grand River corridor in Novi, Michigan, with an estimated cost of $270 million. The project...

Novi to Launch $270 Million City West Development Project

May 29, 2025

News Summary Novi, Michigan is set to transform with a new $270 million development named Novi City West. Spearheaded by Blair Bowman, the project will include a hotel, grocery store,...

Lineage Reports Strong Q1 Results Despite Revenue Shortfall

May 6, 2025

News Summary Lineage, a Novi-based REIT, posted strong Q1 financial results with FFO of $219 million, surpassing analysts’ expectations. Although revenue fell short of forecasts at $1.29 billion, the company...

Lineage Inc. Reports Q1 2025 Earnings Results

May 4, 2025

News Summary Lineage Inc. announced its Q1 earnings for 2025, reporting funds from operations of $219 million, exceeding analyst expectations but falling short on revenue. Total revenue reached $1.29 billion,...

Lineage Inc. Reports Strong Q1 Performance Amidst Major IPO

May 2, 2025

News Summary Lineage Inc., a cold-storage REIT, reported robust financial performance for Q1, with FFO exceeding forecasts at $219 million. However, revenue fell short of estimates. The company raised $4.4...

Lineage Inc. Reports Strong Q1 2025 Results and Expansion Plans

May 1, 2025

News Summary Lineage Inc., the largest temperature-controlled warehouse REIT, announced solid financial results for Q1 2025, with $219 million in FFO. Despite revenue falling short of expectations at $1.29 billion,...

The Shyft Group Announces Quarterly Dividend and Q1 Financials

April 30, 2025

News Summary The Shyft Group has declared a $0.05 quarterly cash dividend and reported first-quarter 2025 financial results showing a revenue of $204.6 million but a loss of $1.4 million....

Lineage Inc. Exceeds Earnings Expectations in Q1

April 30, 2025

News Summary Lineage Inc., a Novi-based real estate investment trust, reported strong first quarter earnings, surpassing Wall Street’s funds from operations estimates. The company reported funds from operations of $219...

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