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DB-Half Cover Wrap.qxp 5/10/2013 5:09 PM Page 1 www.crainsdetroit.com Vol. 29, No. 19 MAY 13 – 19, 2013 ©Entire contents copyright 2013 by Crain Communications Inc. All rights reserved Page 3 H Another rite of spring: j Return of road construction CRAIN’S MICHIGAN BUSINESS C Spreading the Net L throughout the Mitten, o one tower at a time, Page 9 T ho for ita Ne Crain’s Lists loc Largest Michigan businesses sig owned by women, Page 14 com alo The city of Cincinnati website shows the cars that will run on its rail line. M1 Rail has sto This Just In considered attaching its rail car order to that city’s order to save time and money. tim clo Alta Equipment opens new er facility, expects to hire an It’s Wixom-based Alta Equip- for ment Co. expanded this month M1 Rail bids ready op with a new 70,000- square-foot Ju center in New Hudson. Alta invested more than $5 million into the Metro West facility at 56195 Pontiac Trail, said President Rob Chiles. Be- to leave the station sides the purchase of the building, Alta expanded office B The bid is space, added overhead cranes scheduled to be and increased the heights of Design, build ABCSOFM1 awarded May 24, bay doors, Chiles said. $137 million, 3 with price negoti- th The facility employs 100, miles ... : Facts ation to begin the and Alta expects to hire 50-75 contract to be about the following day. more over the next 24 months, Woodward Avenue rail line, Page 25 The goal is for Chiles said. Alta currently work to com- employs 500 companywide. given May 24 mence by July or August. A Alta, which sells industri- BY BILL SHEA “It’s an aggressive timeline, we to al equipment such as fork- CRAIN’S DETROIT BUSINESS know that,” Childs said. air lifts and excavators, generat- The contract will be for the $85 say ed revenue of $150 million in Organizers of the M1 Rail streetcar million construction of the 3.3-mile coo 2012 and has been growing system plan to award the primary grade-level streetcar loop between of due to several acquisitions. contract to design and build the $137 Hart Plaza and New Center. W Chiles said the company million transit line in less than two Of that, $65.5 million is M1 fund- tha plans to expand in the Upper weeks. ing, and the remainder is state fund- ogy Peninsula, Saginaw or Flint Bids to become the construction ing to do Woodward resurfacing con- Ind and outside Michigan. manager and general contractor for currently with the streetcar project, pea “This is just the tip of the the Detroit project on Woodward Av- Childs said. The MDOT work will be SE iceberg for us,” he said. We’re enue are due Friday and will be vet- between Sibley and Chandler streets. sec going to continue to grow.” ted by a panel of M1 staffers and the The bid will cover all major con- Co — Dustin Walsh Michigan Department of Transportation, struction, such as the tracks, power of said M1 COO Paul Childs. control and passenger stations, R Childs said. ate Construction also will include re- na placement of the Woodward Avenue str bridge over I-94. the A second bid will be sought later po this year for the $9.5 million con- ato struction of a vehicle storage and siv maintenance facility. tec NEWSPAPER See M1, Page 25 DBHalf Cover Wrap_CD Half cover wrap 5/3/2013 10:07 AM Page 1 $ , YOUR WEALTH IS ABOUT MORE THAN DOLLARS AND CENTS. IT’S ALSO ABOUT CREATING A LEGACY FOR THE NEXT GENERATION. That’s why Fifth Third Private Bank Advisors want to know about more than just your assets. Asking about your family, passions and the legacy you want to build helps us design a personalized plan to accomplish your goals. Put our more than 100 years of curiosity to work for you. And the next generation. Learn more at 53.com/privatebank. Deposit and credit products provided by Fifth Third Bank. Member FDIC. Equal Housing Lender. Fifth Third Private Bank is a division of Fifth Third Bank offering banking, investment and insurance products and services. Fifth Third Bancorp provides access to investments and investment services through various subsidiaries, including Fifth Third Securities. Fifth Third Securities is the trade name used by Fifth Third Securities, Inc., member FINRA/SIPC, a registered broker-dealer and registered investment advisor. Registration does not imply a certain level of skill or training. Investments, investment services and insurance: Are Not FDIC Insured - Offer No Bank Guarantee - May Lose Value Are Not Insured By Any Federal Government Agency - Are Not A Deposit Insurance products made available through Fifth Third Insurance Agency, Inc. © Fifth Third Bank 2013. 20130513-NEWS--0001-NAT-CCI-CD_-- 5/10/2013 4:59 PM Page 1 ® www.crainsdetroit.com Vol. 29, No. 19 MAY 13 – 19, 2013 $2 a copy; $59 a year ©Entire contents copyright 2013 by Crain Communications Inc. All rights reserved A Halston handbag Page 3 Halston Another rite of spring: joins the Return of road construction CRAIN’S MICHIGAN BUSINESS Collection HALSTON HERITAGE Spreading the Net Luxury brand among 5 new stores throughout the Mitten, opening doors at Troy’s Somerset one tower BY SHERRI WELCH Nathan CRAIN’S DETROIT BUSINESS Forbes, man- at a time, aging princi- Page 9 The Somerset Collection will be pal of Forbes home to the third retail store Co., said the for luxury brand Halston Her- new leases itage, opening on the heels of its position Som- Crain’s Lists New York City and Los Angeles erset as locations in April. “Michigan’s Largest Michigan businesses Halston, known for its de- foremost tar- signer gowns and handbags, is Forbes get for owned by women, Page 14 coming to the Troy luxury mall brands look- along with four other new ing to expand their presence na- The city of Cincinnati website shows the cars that will run on its rail line. M1 Rail has stores, including jewelry and tionally” and helps the mall of- This Just In considered attaching its rail car order to that city’s order to save time and money. timepiece maker David Yurman; fer something for every type of clothing and accessories retail- customer. Alta Equipment opens new er C Wonder; The Disney Store; Halston Heritage will move facility, expects to hire and a Microsoft Corp. retail store. into the empty space next to It’s the second Michigan store Omega on the first floor of Som- Wixom-based Alta Equip- for Microsoft, which is also erset South, offering its full line ment Co. expanded this month M1 Rail bids ready of clothing, evening wear, hand- opening at Twelve Oaks Mall in with a new 70,000- square-foot June. center in New Hudson. See Halston, Page 26 Alta invested more than $5 million into the Metro West facility at 56195 Pontiac Trail, said President Rob Chiles. Be- to leave the station sides the purchase of the building, Alta expanded office Building a better detector: Tech The bid is space, added overhead cranes scheduled to be and increased the heights of Design, build ABCSOFM1 awarded May 24, bay doors, Chiles said. $137 million, 3 with price negoti- that ‘listens’ for explosives The facility employs 100, miles ... : Facts ation to begin the and Alta expects to hire 50-75 contract to be about the following day. BY MATTHEW GRYCZAN more over the next 24 months, Woodward Avenue rail line, Page 25 The goal is for CRAIN’S MICHIGAN BUSINESS Chiles said. Alta currently work to com- employs 500 companywide. given May 24 mence by July or August. A Grand Haven company is getting ready Alta, which sells industri- BY BILL SHEA “It’s an aggressive timeline, we to field test a walk-through checkpoint for al equipment such as fork- CRAIN’S DETROIT BUSINESS know that,” Childs said. airports and large sporting events that it lifts and excavators, generat- The contract will be for the $85 says would have detected the pressure- ed revenue of $150 million in Organizers of the M1 Rail streetcar million construction of the 3.3-mile cooker-type bombs used as an instrument 2012 and has been growing system plan to award the primary grade-level streetcar loop between of terror at the Boston Marathon. due to several acquisitions. contract to design and build the $137 Hart Plaza and New Center. Working with a team in New Hampshire Chiles said the company million transit line in less than two Of that, $65.5 million is M1 fund- that is well-versed in radio antenna technol- plans to expand in the Upper weeks. ing, and the remainder is state fund- ogy and high-speed signal processing, RML Peninsula, Saginaw or Flint Bids to become the construction ing to do Woodward resurfacing con- Industries is in discussions with two Euro- and outside Michigan. manager and general contractor for currently with the streetcar project, pean airports to act as beta test sites for its “This is just the tip of the the Detroit project on Woodward Av- Childs said. The MDOT work will be SEE-QR (pronounced “seeker”) checkpoint iceberg for us,” he said. We’re enue are due Friday and will be vet- between Sibley and Chandler streets. security device, which RML unveiled at the going to continue to grow.” ted by a panel of M1 staffers and the The bid will cover all major con- Counter Terror Expo 2013 in London at the end — Dustin Walsh Michigan Department of Transportation, struction, such as the tracks, power of April.