DETROIT BUSINESS MAIN 03-27-06 a 1 CDB 3/24/2006 6:20 PM Page 1

Home , Detroit Opera House, One Kennedy Square, Riverfront Towers

DETROIT BUSINESS MAIN 03-27-06 A 1 CDB 3/24/2006 6:20 PM Page 1

http://www.crainsdetroit.com Vol. 22, No. 13 MARCH 27 – APRIL 2, 2006 $1.50 a copy; $59 a year

©Entire contents copyright 2006 by Crain Communications Inc. All rights reserved THIS JUST IN Forecast: State tourism Parking choices should be better this year Michigan tourism should improve slightly in 2006, according to an industry forecast scheduled to be released Tuesday. The annual outlook by multiply downtown Michigan State University’s Travel, Tourism and Recreation Resource Center predicts Lots of spots may mean falling prices business and leisure travel will rise a combined 1 per- BY JENNETTE SMITH cent to 2 percent in 2006, AND ROBERT ANKENY compared with a decline in REBECCA COOK Darrin Eaton (rear) and David Morris CRAIN’S DETROIT BUSINESS 2005, said Don Holecek, the have raised $10 million in capital for center’s director. investments later this year. Park at Miller Parking Co.’s Tourism spending, which Renaissance Center garage and rose 4 percent in 2005, it costs $15 for the day. should rise by 4 percent to 5 Park a few blocks north and percent in 2006, he said. VC company it could cost more than $20 in a Holecek said many fac- garage. Find a tors play into the industry HOW MUCH? spot in a city- growth, including the fact owned lot and that there is “a continuing to target Parking rates, it costs $5. trend towards people want- Page 25. Prices for ing to travel, and giving daytime park- that a priority in their ing in Detroit vary wildly be- household spending alloca- minority- cause of proximity to key build- tion.” ings. But parking executives The forecast will be pre- and industry observers say sented at the Michigan Lodg- prices are likely to edge down- ing and Tourism Conference owned firms ward at some sites this year as in Mt. Pleasant, a two-day downtown’s parking supply event that combines Travel continues to grow. JOHN F. MARTIN Michigan’s annual tourism BY TOM HENDERSON Brian Pastoria, co-owner of Harmonie Park Creative Group, switched his company’s parking to the $50-a-month Opera House garage to save money. meeting, MSU’s tourism CRAIN’S DETROIT BUSINESS See Parking, Page 25 outlook conference and the The first venture-capital compa- Michigan Hotel, Motel & Re- ny in the state to target minority- sort Association convention. owned companies, Oracle Capital — Amy Lane Partners L.L.C., officially opens its Collins & Aikman to move offices Wednesday in the Guardian Building in Detroit. from Troy to Southfield Managing director David Mor- ris says the company has raised Collins & Aikman Corp. has Back on display $10 million in capital that it will in- signed a lease to move its vest solely in minority-owned headquarters to Southfield. businesses, primarily in Southeast on the showroom floor. David Youngman, vice Michigan. CHAIN This year, however, SAE of- president of communica- New features bring Lear, He said Oracle closed on that fered those suppliers an opportu- tions, said the company first round of fundraising in De- REACTION nity to rent 400-square-foot signed a lease for four and cember and hopes to raise about $30 other tier-ones back to SAE If you want to do spaces on the show floor in a a half floors in the Travelers million from financial institutions business in new area called the OEM/Sup- Tower II building. The com- BY BRENT SNAVELY and pension plans for its first fund. China, check your plier Park and paired that with a pany plans to move in supply chain, The largest such firm in the CRAIN’S DETROIT BUSINESS private meeting room. when the space is renovat- Page 26. state, EDF Ventures of Ann Arbor, The return of the tier-one sup- ed, probably in late sum- After a six-year hiatus, Southfield-based Lear Corp. has about $170 million under man- pliers shows that the idea to put mer, Youngman said. will be back as an exhibitor on the showroom floor agement. Precise figures are hard suppliers and automakers in one area and other re- The company will move at the 2006 SAE World Congress. Lear will be joined by to come by, but Morris guesses his cent changes are working, said Dave Amati, direc- from its Stephenson High- six other tier-one suppliers at the April 3-6 confer- company, if successful on reaching tor of automotive business for the Warrendale, Pa.- way headquarters in Troy. ence at Cobo Center in Detroit. $30 million, would rank in the top based SAE International. As it operates in bankrupt- The Society of Automotive Engineers’ annual con- quarter of the state’s 22 venture- “We tried to address the issues and concerns (sup- cy, the company opted to re- vention is considered the largest original-equipment capital companies. pliers) had in the past,” Amati said. “This is a model ject leases early and move service and components exhibition in the world. He said Oracle tentatively plans that allows them to participate very cost-effectively.” to less-expensive space. Its But SAE has struggled for several years to attract to make its first two investments in Still, the participation of several tier-one suppli- real estate consultant is CB tier-one suppliers as exhibitors due to the cost, time the second quarter this year, one in ers does not return SAE to its heyday back in 2000, Richard Ellis, Southfield. commitment and lack of decision-makers walking a media company and the other in a when many tier-one suppliers had large, fancy ex- — Jennette Smith the show floor. Plus, many direct suppliers have hibits on the show floor and the event drew 49,300. maker of consumer goods. their own technical centers and prefer to showcase See This Just In, Page 2 See Oracle, Page 26 their proprietary technology in private, rather than See Engineers, Page 26

Focus NONPROFIT SALARY SURVEY NEWSPAPER Bigger raises are used to retain top talent. Our nonprofit salary survey begins on Page 11. DETROIT BUSINESS MAIN 03-27-06 A 2 CDB 3/24/2006 6:01 PM Page 1

Page 2 CRAIN’S DETROIT BUSINESS March 27, 2006

SCCI Hospital changes name troit Masonic Temple. ours Cottage, had to restate earn- employee benefits practice group, THIS JUST IN James Barber, executive direc- ings after KPMG L.L.P. found ques- joined Honigman as partner and SCCI Hospital Detroit on Friday tor, said the association seeks a tionable financial statements co-chair of the tax department. ■ From Page 1 officially changed its name to Tri- partner that could help attract during an audit of the 65-bed Bon Stevan Uzelac, who was senior umph Hospital Detroit, following an shows and events in addition to Secours Cottage hospital. counsel in that Miller Canfield Butzel Long has new chairman earlier acquisition of the hospi- more meetings business. The as- — Sherri Begin practice group, is of counsel to tal’s parent company by Houston- sociation is talking to interested Honigman’s tax department. Both Philip Kessler has been named based Triumph HealthCare L.L.C. groups who would bring finan- Logicalis acquires business will work in Honigman’s Detroit chairman of Butzel Long P.C., suc- The hospital, which employs cial backing, Barber said. The as- office, CEO Alan S. Schwartz said. ceeding Richard Rassel, who be- more than 150, will continue to sociation has a goal to make a Bloomfield Hills-based Logicalis — Robert Ankeny comes director of global client re- operate its 53 beds, according to a deal within 90 to 120 days. Inc. plans to announce the acqui- lations for the Detroit-based firm. news release. The hospital takes Total annual expenses are sition of the Phoenix-based south- Kessler, said in a statement Palace Sports signs Belle Tire in patients from other area hospi- about $2.5 million, Barber said. west business of Conshohocken, that he plans to continue his tals when they require an extend- Energy and insurance costs have Pa.-based Alliance Consulting Group Auburn Hills-based Palace practice in prosecution and de- ed stay, the release said. driven up overhead. Associates Inc. for an undisclosed Sports & Entertainment said last fense of business disputes. — Anjali Fluker The 550,000-square-foot site in- amount. The acquisition adds week that Belle Tire has signed a Rassel, who led Butzel for 12 cludes two theaters. about 70 employees and $50 mil- five-year contract to be the pre- years, will resume his media and Ferndale Chamber has — Jennette Smith lion in revenue. senting sponsor at two of its am- international practice. He will — Andrew Dietderich phitheaters: DTE Energy Music The- oversee Butzel’s practice in Chi- new executive director atre and Meadow Brook Music na, Korea, Japan, Mexico and Eu- Ex-Bon Secours CFO The Ferndale Chamber of Com- Festival. rope, with an emphasis on assist- Two Miller Canfield tax merce board of directors on Fri- pleads guilty to fraud Bryant Fillmore, public-rela- ing non-U.S. companies with day announced Mailè Ilac Boeder lawyers join Honigman Miller tions coordinator for Palace David Zilli, the former CFO of investments in North America. is the new executive director. Sports, declined to disclose finan- Bon Secours Cottage Health Ser- Honigman Miller Schwartz and — Robert Ankeny Ilac Boeder replaces Bill Axtell, cial details. vices, alleged to have overstated Cohn L.L.P. added two veteran tax who left the chamber to take a po- Last year the presenting spon- the organization’s financials by lawyers to the firm last week, sition with Southfield fundraising sor for DTE Energy Music The- Munder names new president $117 million over a five-year peri- both from Miller, Canfield, Paddock firm John V. McCarthy & Associates atre was Miller Genuine Draft, od, pleaded guilty to wire fraud Munder Capital Management has Inc. Ilac Boeder, 27, was the former and Stone plc. Fillmore said. Meadow Brook did and was sentenced to five years of appointed John Adams, a 19-year executive director of the Greater Michael Indenbaum, who head- not have a presenting sponsor. probation March 17. veteran of the mutual-fund com- Algonac Chamber of Commerce. ed Miller Canfield’s federal tax and — Brent Snavely Zilli was ordered to repay Bon pany, as president and chief in- — Anjali Fluker vestment officer to replace En- Secours $144,513 he received in rique Chang, who left March 17. incentive compensation based on CORRECTIONS Adams had been chief invest- Masonic Temple Association the organization’s performance ■ A March 20 Week in Review item gave an incorrect first name for ment officer of equities. looking for real estate partner between 1998 and 2003. He also is the donor of $3 million to Wayne State University for the funding of an Chang joins American Century In- prohibited from working as a fi- engineering center. The donor is Marvin Danto. vestments of Kansas City, Mo., as The Masonic Temple Association nancial executive for any public ■ In a story on Page 1 of the March 20 edition Crain’s reported an senior vice president and the of Detroit is in negotiations to add or private for-profit or nonprofit. incorrect amount of steel purchased by Chrysler Group. Chrysler chief investment officer of inter- a real estate partner with hospi- Marriottsville, Md.-based Bon buys about 3 million tons of steel a year and about 50 percent of that national equity. tality and entertainment exper- Secours Health System, parent of is resold to about 60 suppliers. — Tom Henderson tise to assist in operating the De- Grosse Pointe Farms Bon Sec- DETROIT BUSINESS MAIN 03-27-06 A 3 CDB 3/24/2006 7:40 PM Page 1

March 27, 2006 CRAIN’S DETROIT BUSINESS Page 3 CRAIN’S Detroit to offer microloans INDEX Levy said. Analysis: How deep will City earmarks $1.5M for small businesses The Office of Neighborhood Commer- Delphi cuts go? Page 4. cial Revitalization, formerly run by BY ROBERT ANKENY community six Mayor Kwame Kilpatrick said in Levy, is to get $8.5 million, including CRAIN’S DETROIT BUSINESS years ago by two his state of the city address that all of the $1.5 million for microloans. The blue-ribbon task the $42.5 million is targeted to help additional $7 million will be used in The city of Detroit is poised to of- forces,” he said. existing small businesses and that programs that include marketing fer neighborhood small businesses Levy said city the program for the microloans and promotion, facade grants and microloans ranging from $5,000 to officials inter- would be rolled out in May. streetscaping, and technical assis- $25,000 from funds provided by De- viewed four bid- The $1.5 million fund is part of the tance for business people. troit’s three casinos. ders last week for $42.5 million that the city received Also in line to receive money from Alan Levy, deputy director of De- a contract to oper- from the three casinos under their the casinos fund are: troit’s Planning and Development De- ate the $1.5 million development agreements. The Detroit ■ Detroit Community Loan Fund: $4.5 partment, said the loans would be Levy Small Business De- Economic Development Corp. has been million, a joint venture of Detroit Re- available to small businesses that troit MicroLoan program, but that no contracted by the city to manage the naissance Inc. and Shorebank. ■ can’t get similar financial help from selection has been made. He declined funds. Detroit/Wayne County Community banks or from other nonprofit funds. on Friday to identify them: “The city “It’s a one-time funding source Development Program: $4 million new markets tax credits. New power: Alternative “These kinds of loans were identi- believes to release the names now that has to last us 30 years — the fuels hit Lansing agenda. fied as a high-priority need in the could compromise the process.” term of the casino agreements,” See Loans, Page 24 Page 7.

These organizations appear in this week’s Crain’s Detroit Business:

Advanced Photonix Inc...... 22 Altarum Institute ...... 12, 13 Schubiner, hedge Art Van Furniture ...... 3 Behr America Inc...... 26 Benteler Automotive Corp...... 26 Blue Cross Blue Shield ...... 12 Modern warfare Boll Family YMCA ...... 25 Boylston Investment Fund MMV . . . . 3 fund litigate BP Associates L.L.C...... 3 Clear Magazine ...... 3 Art Van adds contemporary furniture line as Ikea moves in Compuware Corp...... 25 Continental Teves Inc...... 26 Crosswinds Communities Inc...... 22 over Bloomfield Dearborn Bancorp Inc...... 4 DEDC ...... 3 BY SHEENA HARRISON Art Van, which generated revenue of $545 mil- Deloitte Tax L.L.P...... 11 CRAIN’S DETROIT BUSINESS lion in 2004, did not release sales figures for EQ3. Delphi Corp...... 4 But Morrisroe said its performance so far has Detroit Institute of Arts ...... 11 Art Van Furniture is trying to attract a younger made the company optimistic that it will sell EQ3 Detroit Reg. Econ. Partnership . . . . 26 Park loan Detroit River Int’l Wildlife Refuge . . . 6 crowd into its stores by featuring designs from in other stores. Detroit Water and Sewerage . . . . . 22 EQ3, a move that industry insiders say is likely to “It’s surpassed our goals so far,” Morrisroe Diversified Natural Products ...... 7 help it compete against Swedish retailer Ikea said. BY ANDREW DIETDERICH Diversified Property Services . . . . . 22 when it opens this summer. DTE Energy Foundation ...... 6 Industry insiders say Art Van is likely gearing AND JENNETTE SMITH EDF Ventures ...... 1 EQ3 is a franchise retail division created in up to compete with Helsingborg, Sweden-based CRAIN’S DETROIT BUSINESS Eiler Communications ...... 26 2001 by Canadian furniture manufacturer Palliser Ikea, which is expected to open its new 311,000- EQ3 ...... 3 The six-year odyssey to develop Bloomfield Etkin Equities L.L.C...... 22 Furniture Ltd. The line follows European contempo- square-foot store in Canton Township this sum- Park has taken another twist with developer Farbman Group ...... 25 rary design and typically appeals to people such mer. The Swedish retailer promotes itself as a First Realty Co...... 25 Craig Schubiner seeking $450 million in dam- as first-time home buyers and apartment place to find good design and function for afford- General Motors Corp...... 4, 25 ages from a lender that has filed a notice of Gorman’s Furniture Inc...... 26 dwellers, who are looking for affordable, fashion- able prices, similar to EQ3. foreclosure against the property. Greektown Casino L.L.C...... 25 able furniture that can fit into small spaces. Ikea is expected to create a lot of competition Harmonie Park Creative Group . . . . 25 Prices for EQ3 furnishings range from $199 and Boston-based hedge fund Boylston Investment House of Denmark ...... 26 up for a dinette set to $599 and up for a sofa. Fund MMV L.L.C. plans to sell its mortgage April Ikea ...... 3 See Furniture, Page 26 11, claiming BP Associates L.L.C. is in default on Kresge Foundation ...... 6, 11 Art Van is using the brand to target a “very Lear Corp...... 1 fashion-conscious, younger audience,” Communi- terms of a $35 million predevelopment loan. Marisa Industries Inc...... 22 cations Director Chris Morrisroe said. BP is the entity formed by Schubiner to devel- Masco Corp...... 11 op the 80-acre site at Square Lake and Tele- MEDC ...... 7, 22 About 500 people attended an after-hours party Mercer Human Resource ...... 13 hosted by Art Van and Clear Magazine on graph roads. Michigan Environmental Council . . . 7 March 18 to debut select EQ3 products at Schubiner says loan payments are current Michigan State University ...... 7 and not an issue in the foreclosure. He said he Michigan VC Association ...... 26 its Royal Oak store. The company also Miller Parking Co...... 1 plans to begin selling the line this spring still expects to break NAIC ...... 12 on its Web site, artvan.com. ground on the $494 million 1939 Associates L.L.C...... 3 first phase this summer. Normandy Oaks Golf Course ...... 22 NSF International ...... 12 Under the terms of the Oakwood Healthcare ...... 12 loan, Boylston made an ini- Oracle Capital Partners ...... 1 tial advance and then held Orlikoff & Associates Inc...... 11 PPM Acquisitions L.L.C...... 22 the rest of the money, send- Prototype Systems Inc...... 26 ing monthly draws averag- Ram Development ...... 6 ing $500,000, Schubiner Redico L.L.C...... 25 Riverfront Towers ...... 6 said. In exchange, Schubin- Seneca Partners ...... 26 er provided detailed month- Schubiner Siemens VDO Automotive ...... 26 ly reports providing infor- Society of Automotive Engineers . . . . 1 mation on the project’s progress. Sterling Group ...... 25 Typical EQ3 items such as the purple Trammell Crow Co...... 25 The main issue in the dispute, he told Tremont Realty Capital ...... 3 chair (above), called the Matt Crain’s Friday, is that he opened a sales center United Auto Workers ...... 4 Rocker, retails for $599. The red for Bloomfield Park on a nearby property not United Way for SE Michigan ...... 12 chair (left) is called the Crush Washtenaw Contractors Association 22 covered by the mortgage. Shortly before a No- Wayne County Parks ...... 6 Chaise and retails for vember visit, Boylston representatives asked Webasto Roof Systems Inc...... 26 $499. for a lease assignment on the property, which Woodward Capital Partners ...... 26 Yazaki North America Inc...... 26 Schubiner said he was willing to offer in exchange for timely payment of future draws. BANKRUPTCIES...... 6 Schubiner’s lawsuit said the last check from BRIEFLY ...... 22 Boylston came in September. BUSINESS DIARY...... 22 Schubiner, along with BP Associates and CALENDAR ...... 23 1939 Associates L.L.C., the entity that owns the CAPITOL BRIEFINGS ...... 7 sales center, filed the lawsuit Dec. 30 in Superi- CLASSIFIED ADS ...... 18 or Court in Suffolk County, Mass., seeking a KEITH CRAIN...... 8 court order to stop foreclosure and $450 mil- LETTERS ...... 8 lion in damages. The suit contains eight MARY KRAMER ...... 9 claims related to breach of contract and unfair OPINION ...... 8 PEOPLE ...... 17 and deceptive practices. It also claims to have RUMBLINGS ...... 27 See Schubiner, Page 24 WEEK IN REVIEW...... 27 DETROIT BUSINESS MAIN 03-27-06 A 4 CDB 3/24/2006 6:07 PM Page 1

Page 4 CRAIN’S DETROIT BUSINESS March 27, 2006 TAKING STOCK NEWS ABOUT DETROIT AREA PUBLIC COMPANIES Delphi plan: Shrinkage in U.S., growth around the world

BY ROBERT SHEREFKIN 33,000 hourly workers, according CRAIN NEWS SERVICE to the ELM Guide to U.S. Automo- ANALYSIS tive Sourcing. Troy-based Delphi Corp. soon Delphi wants to cut U.S. opera- Most of those plants are part of could look like a Third World man- tions. He said the company is still Delphi’s Electronics & Safety Sys- ufacturer. evaluating its product portfolio. tems division. One of the largest of Under the early-retirement Delphi’s strategy — shrink U.S. the six-plant group is the Kokomo agreement reached last week, up operations while growing else- operation. Kokomo’s 6,300 workers to 18,000 unionized Delphi workers where — appears to mirror that of produce ignition electronics, pres- could retire or return to General rival Visteon Corp. Last year, Vis- sure sensors, antilock brakes, trac- Motors Corp. That would let Delphi teon returned thousands of U.S. tion control and other electronics. become smaller and more prof- workers and 23 plants to former itable by producing most compo- According to the ELM Guide, nents in low-wage countries. parent Ford Motor Co. Kokomo’s customers include the Delphi CEO Steve Miller still Then Visteon set ambitious Chrysler Group, GM and Toyota. must negotiate a goals to slash its average wages Miller has said that his company new labor con- and benefits — goals that can be will have a much smaller manufac- tract with the achieved only by producing most turing presence in the U.S. Delphi United Auto Work- components in low-wage regions already employs more hourly ers that would such as Mexico and Asia. workers in Mexico and South enable him to A UAW spokesman was not America than it does in the U.S. slash hourly available for comment on Friday. Miller has said that the compa- U.S. wages. But Miller has not said how many ny pays each of its Mexican work- even with a U.S. plants he intends to close or ers about $7,000 a year. That cheaper work how many product lines he will compares with an average wage- force, Delphi’s abandon. But he has said that he and-benefit package for each U.S. Miller wants to focus on high-tech compo- U.S. operations worker that totals $105,000 a year. nents in which Delphi can be a could shrink dramatically. With fewer U.S. employees, “category killer.” If Miller were to eliminate all Miller could expand his “wish list” Delphi is betting heavily on elec- U.S. factories that do not produce of plants to close. Late last year, he tronic components such as “info- electronics and other market-lead- told Automotive News that he ing components — products on tainment” and navigation devices, sensors, engine-control units and wants to shed plants and product which Delphi has bet its future — lines that generate $5 billion in an- the company’s U.S. operation fuel injection. One-third of the company’s engineers are devoted nual revenue. would shrink from 44 factories to Of that amount, Delphi’s “fix- about six. to electronics. If Delphi focuses exclusively on close-or-sell” list of troubled facto- See what’s growing By contrast, Delphi has 46 factories accounts for $2.57 billion in ries in Mexico and South America, its category killers, it would keep just six U.S. plants, according to an revenues. Michigan’s future. 59 factories in Europe and the Mid- GM’s announcement last week dle East, and 14 plants in Asia. automotive electronics expert who to take back 5,000 workers from its That kind of shrinkage assumes asked not to be identified. Those former parts division and offer re- that Delphi would reduce its U.S. factories are in Anderson, Ind.; tirement incentives to 13,000 other workforce of 33,000 hourly employ- Oak Creek, Wis.; Kokomo, Ind.; Delphi workers would enable ees by half. The early-retirement Rochester, N.Y.; Coopersville and Miller to cut his U.S. operations program announced last week ap- Wichita Falls, Texas. You can travel Michigan Those six Delphi operations col- more deeply. searching out the companies pears to make that possible. Company spokesman John Shea lectively employ 18,278 of Delphi’s From Automotive News that will feed our next declined to say just how deeply economy. Or step into the Kellogg Hotel & Conference STREET TALK Center on the Dearborn Bancorp may buy back evening of Wednesday, THIS WEEK’S STOCK TOTALS: 38 GAINERS, 37 LOSERS, 6 UNCHANGED April 19, 2006 and stock to keep price up 3/24 3/17 PERCENT CDB’S TOP PERFORMERS CLOSE CLOSE CHANGE meet them over dinner. In an effort to bolster its sliding share price, Dearborn Bancorp Inc. 1. Amerigon Inc. $7.72 $6.60 16.97 (Nasdaq: DEAR), the holding com- 2. Rockwell Medical Technologies Inc. 7.85 6.80 15.50 pany for the Community Bank of 3. North Pointe Holdings Corp. 12.61 11.20 12.59 Dearborn, has announced it will be- 4. American Axle & Mfg. Holdings 18.05 16.23 11.21 To make a reservation gin buying back its shares if they 5. Universal Truckload Services Inc. 24.51 22.50 8.93 for the entrepreneurial fall below $22. 6. Perceptron Inc. 8.24 7.60 8.42 awards event of the year, The company filed the an- 7. General Motors Corp. 22.65 21.13 7.19 visit www.michigancelebrates.biz nouncement with the U.S. Securi- 8. Lear Corp. 17.27 16.23 6.41 or call 800.362.5461. ties and Exchange Commission on 9. Energy Conversion Devices Inc. 45.01 42.34 6.31 March 21, saying it could buy up to 10. Noble International Ltd. 17.22 16.34 5.39 250,000 shares of its stock on the CDB’S LOW PERFORMERS 3/24 3/17 PERCENT open market. CLOSE CLOSE CHANGE “It helps set a floor price for the 1. Handleman Co. $8.75 $9.51 -7.99 stock,” CFO Jeffrey Karafa said. 2. Catuity Inc. 7.43 7.99 -7.01 Edward Lowe Foundation “Anything less than $22, and it’s a 3. Detrex Corp. 7.50 7.95 -5.66 bargain for us.” 4. TechTeam Global Inc. 10.06 10.59 -5.01 The stock hit its 12-month high 5. TRW Automotive Holdings Corp. 23.55 24.58 -4.19 June 6, at $26.65. Friday afternoon 6. Kelly Services Inc. 26.76 27.88 -4.02 it was at $22.25. There are about 5.4 7. CMS Energy Corp. 13.32 13.85 -3.83 million shares outstanding. Ac- 8. DTE Energy Co. 41.38 42.89 -3.52 cording to the SEC filing, the pur- 9. Taubman Centers Inc. 42.23 43.77 -3.52 chased shares will be used for fu- 10. UnitedAuto Group Inc. 43.23 44.74 -3.38 ture corporate purposes as Source: Bloomberg News. From a list of publicly owned companies with headquarters Compliments of: determined by the board of direc- in Wayne, Oakland, Macomb, Washtenaw or Livingston counties. Note: Stocks trading tors. at less than $5 are not included. — Tom Henderson DBpageAD.qxd 9/1/2005 10:23 AM Page 1

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Page 6 CRAIN’S DETROIT BUSINESS March 27, 2006

Looking To Take Your Business Riverfront Towers conversion To The Next Level? Attending this event will increase your organizational effectiveness and profitability. brings sales, new amenities

LEVERAGING DIVERSITY BY JENNETTE SMITH grades to individual units. Tower The market will sell prepared CRAIN’S DETROIT BUSINESS 200 is scheduled for a condomini- foods, fresh cheese, wine, coffee FOR BUSINESS SUCCESS um conversion program starting drinks, flowers and other items Riverfront Towers is reaching ma- this summer. Tower 100 will re- typically found at suburban MANAGEMENT, jor milestones on its $23 million main apartments. gourmet markets, said Chuckie renovation and condominium con- METHODS & MEASURES Cummings said Taubman and Sugayan, a consultant. A previous version. Fisher, his late father-in-law, al- A new on-site restaurant and market was more of a basic conve- ways wanted the development to gourmet market is set to open by nience store. convert to condominiums when WEDNESDAY, APRIL 12 mid-to late April, and condomini- An on-staff nutritionist at the the market was ripe but it took um sales continue at a steady clip. upgraded fitness center comple- 7:30 a.m. – 4:30 p.m. longer than expected. Now, he A renovated and expanded fitness ments the restaurant and market Troy Hilton said, sales are strong because of center reopened plans, said Eric Gleffe, personal good values for riverfront living. last week. trainer. Riverfront Health and Fit- “Seven to 10 a month are sell- Don’t miss keynote speaker Of Tower ness Center offers a menu of ser- ing,” he said. Two-bedroom units 300’s 282 condo- vices, such as body-fat testing and Luke Visconti minium units, start at $200,000-$250,000 and up. fitness classes. One-bedroom units are priced Partner & Co-founder, DiversityInc. 125 units are Marco Frattarelli, 25, a three- from about $125,000. Larger com- as he provides insights on the business case for sold and 75 are year resident of Riverfront Tow- bined luxury units are available diversity and staying competitive in the global under contract ers, said he bought an upgraded from $500,000-$600,000. marketplace. Attendees will also experience to be sold, said condominium for the convenience The goal with the new street- innovative breakout sessions providing Peter Cum- of central business district living level market and third-floor "how-to’s on enriching diversity initiatives. mings, chair- Cummings and the riverfront views but he restaurant is to create a communi- man of Florida-based Ram Develop- looks forward to the improved This event is a collaboration of: ty gathering spot, Cummings said. ment Co., a real estate development amenities. Signature Marketplace and Signature and management firm that has a Frattarelli said the condomini- Grille are under construction in Detroit office and is working on ums are a good value and he enjoys Oakland County the conversion. Tower 200. Employment Diversity Council the diverse mix of residents. Riverfront Towers, a three-tow- Chef Warren Thomas said the He said while construction for Media Sponsor: er project, was developed in the menu will feature American cui- the overall renovation project 1980s and early ’90s by A. Alfred sine and dishes will include herb- seems a bit delayed, his unit was Taubman and Max Fisher. The crusted lamb, Chilean sea bass, condominium portion of the devel- burgers, wings and wrap sand- delivered within a reasonable Register Today! opment has been renamed River- wiches. time. front Condominiums. He said he hopes to attract both “I wouldn’t live anywhere else,” Visit: www.detroitchamber.com/events Other renovations include land- residents and nonresidents and be- said Frattarelli, who also is chair- or call: 866.MBR.LINE scaping, new elevators and up- come a hot Detroit destination man of a downtown citizens’ dis- through easy People Mover access trict council. “Condo ownership and word of mouth. provides a sense of community. I Thomas is a co-owner with past think the community will get experience at Opus One, Tribute and stronger and more sociable.” Virtuoso Restaurant & Catering in Jennette Smith: (313) 446-0414, Southfield, which is closing April 1. [email protected]

Kresge makes grant for river gateway The Kresge Foundation awarded and other energy-efficient and en- Wayne County Parks a $50,000 plan- vironmentally safe elements, said ning grant to design a “green” John Hartig, refuge manager. Fu- gateway to the Detroit River Interna- ture tenants include Wayne Coun- tional Wildlife Refuge in Trenton. ty Parks, the U.S. Fish and Wildlife The grant will be combined with Service, International Wildlife Refuge a $100,000 DTE Energy Foundation Alliance, Friends of the Detroit River, planning and engineering grant and others. awarded last summer to Friends of Earlier this month, the Michigan Wayne County Parks to develop a visitor’s center certified by the U.S. Department of Environmental Quality Green Building Council’s Leadership also awarded the county’s Depart- in Energy and Environmental De- ment of Public Services a $330,000 sign. grant to restore wetlands on the The building could include a refuge property. green roof, photovoltaic panels, — Anjali Fluker

BANKRUPTCIES The following businesses filed for $80,213. Chapter 7 protection in U.S. Bankrupt- Cycle Electric Inc., 425 Eureka Road, cy Court in Detroit March 17-23. Wyandotte, involuntary Chapter 7. Chapter 7 involves total liquidation. Nine creditors petitioned the court for Efficient Quality Services Inc., 36928 $470,365.49. Five Mile Road, Livonia, voluntary Chapter 7. Assets and liabilities not Beninati Land Clearing Inc., 4437 22 available. Mile Road, Shelby Township, volun- Exclusive Real Estate Inc., 28800 Harp- tary Chapter 7. Assets and liabilities er Ave., St. Clair Shores, voluntary not available. Chapter 7. Assets: $2,502; liabilities: — Compiled by Laura Bommarito DETROIT BUSINESS MAIN 03-27-06 A 7 CDB 3/24/2006 10:59 AM Page 1

March 27, 2006 CRAIN’S DETROIT BUSINESS Page 7 Alternative fuels on state’s radar screen LANSING — Lawmakers are funding available, with- McBryde said the admin- Scottville-based Diversified Natur- sciences and engineering toward putting biofuels and alternative out a funding source be- istration will support up al Products Inc. is developing MSU- public and private partnerships energy on the Capitol agenda, ing identified.” to 20 new renaissance patented technology that converts that develop new plant-based ma- amid growing efforts to boost that However, he said the zones overall, and will corn into chemicals that can re- terials, chemicals and fuels. sector of Michigan’s economy. MEDC believes there work with the Legislature place toxic petrochemicals. The A House-passed series of bills might be about $200,000 in to divide the zones among company is looking at Wayne Comings & goings provides incentives and other federal funds it could tap competing interests. County for such a plant, which ■ James Lancaster, former senior measures, and discussions on sim- for the program. Earlier this month, would join a small French plant vice president and general counsel ilar bills continue in the Senate as The MEDC also hopes Wayne County Executive that the company operates as part the state looks at ways to promote to strike a compromise on Robert Ficano unveiled a of a joint venture. for the Michigan Economic Develop- the development of alternative the renaissance zones. CAPITOL BRIEFINGS plan to tap into such a tax- Last week, MSU announced a ment Corp., has rejoined law firm sources of energy and encourage The renewable-energy Amy Lane free zone, as the county new office that could promote the Miller, Canfield, Paddock and Stone retail access to renewable fuels zones join legislative proposals to partners with Michigan State Univer- development of such projects. The plc as a principal in the firm’s such as ethanol and biodiesel. carve out tax-free zones to help sity to attract a plant to produce a new Office of Bio-based Technologies Lansing office. “In order for this to work, you’re other industries, like agricultural biologically based petroleum sub- will put MSU’s expertise in plant Amy Lane: (517) 371-5355, going to have to find some way to processing and forestry products. stitute. sciences, chemistry, agricultural [email protected] get investors to make a leap of faith … and start producing biofuels and promoting biofuels. That leap of faith is required, because it may not take off with consumers in Michigan,” said Ari Adler, press secretary to Senate Majority Leader Ken Sikkema, R-Wyoming. David Gard, energy policy spe- cialist with the Michigan Environ- Money that mental Council, said there are environmental and economic- development benefits to giving al- works as hard as you do, ternative fuels “a little bit of help to break into the competitive market,” and the Legislature is mov- every day. ing in the right direction. House Bills 5571-5572, 5574-5575 and 5181, passed March 16, include provisions to: ■ Create a Fuels of the Future Commission within the Michigan Department of Agriculture, to evalu- BUSINESS PREMIUM ate and recommend strategies to promote the use of alternative fu- MONEY MARKET ACCOUNT els and encourage the use of alternative-fuel vehicles. The commission would include state officials, fuel retailers and producers, and agriculture, education, automotive manufacturing and environmental interests. ■ Provide for a lower state tax on gasoline that is at least 70 percent ethanol and diesel fuel that is at least 5 percent biodiesel. The tax on the fuels would be 12 cents a gal- lon, instead of the current 19 cents BALANCE APY assessed on standard gasoline and 400 15 cents assessed on diesel fuel. $50,000 and above 4.00% ■ Create up to 10 new tax-free $10,000 to $49,999 3.80% zones for ventures that produce energy or fuels from renewable $0 to $9,999 1.00% sources. The board of the Michigan Strategic Fund would recommend WITH ANY BUSINESS CHECKING ACCOUNT the renewable-energy renaissance zones, which would need local-government and State Administrative Great everyday rates are another way we’re working hard Board approval. ■ Require the state to create and to help your business succeed. administer a program to provide Because your success is our success. grants to gas stations that install fuel pumps to dispense biodiesel or E85, a 70 percent-to-85 percent ethanol-blend fuel. Maximum grants would be $2,000 for fuel-system conversions. For new construction, stations that install biodiesel pumps could receive grants up to $5,000, and those that offer E85, grants of up to $15,000. The legislation calls for the state CALL Jeff Moore, SVP Business Banking, 734-367-0112 to put $500,000 toward the match- ing-grant program, but does not VISIT www.53.com say where the state would find the money. Jim McBryde, legislative BUSINESS CHECKING | MERCHANT SERVICES | LENDING | CREDIT & DEBIT CARDS | 401(K) liaison for the Michigan Economic Development Corp., said the MEDC *Annual Percentage Yield (APY) accurate as of 03/15/06. Closed accounts will be charged a $50 fee. Returned checks and overdraft fees apply to all accounts with has no problem administering the check access. Fifth Third and Fifth Third Bank are registered service marks of Fifth Third Bancorp. Member FDIC. program, but “we just have no DETROIT BUSINESS MAIN 03-27-06 A 8 CDB 3/24/2006 5:40 PM Page 1

Page 8 CRAIN’S DETROIT BUSINESS March 27, 2006 OPINION Let others invest in Detroit’s water system

.S. District Judge John Feikens last week weighed in on the latest chapter in the tug-of-war over the Detroit- U owned water system and its suburban customer-critics. Don’t file suits to get your way, the judge cautioned Oak- land County, which asked the judge to reconsider an earlier ruling on the Detroit Water and Sewerage Department’s operations. Instead, the judge said, come up with a process to re- solve problems outside of the courtroom. He had recommend- ed that city and suburban leaders seek a permanent collaboration to replace a temporary consortium on water. One way to do that, he suggested, was for Detroit to sell shares in the system to its customers and create the new regional consortium to govern the system. “To my disappointment,” the judge wrote in his March 22 opinion, “no elected official has chosen to take that leadership role thus far, even though several million people and this region’s businesses depend on its service for their health, safety and economic viability.” Unfortunately for the region, the story is too familiar. But isn’t it time to break this cycle? Detroit Mayor Kwame Kilpatrick has promised a fiscal re- organization plan for his financially strapped city by April 12. LETTERS Creating a way for customers to own a part — but not all — of the system and a share in its governance could defuse the perennial fights over rates and operations. It could help bring Downward spiral in Detroit in needed cash to Detroit. And finally, it could help suburban customers to invest in this critical infrastructure while laying Editor: I’ve lived in Detroit for 53 years. to rest the notions they are being price-gouged. Crain’s Detroit Business Keith Crain’s March 6 column on welcomes letters to the editor. I remember Detroit being a thriv- the sadness he feels about the cur- All letters will be considered for ing, bustling city. City services rent state of affairs regarding De- publication, provided they are were not a problem, crime was Leaders need to meet regularly troit was right on the mark (“A sad signed and do not defame nowhere near where it is today, and there were stores — from ma- Maybe it’s part of the post-Super Bowl high. Maybe it’s episode, and a grim omen for city”). individuals or organizations. Years ago we moved out of De- Write: Editor, Crain’s Detroit jor retailers to mom-and-pop types spring. Or maybe elected officials are hearing more from busi- troit because the writing was on Business, 1155 Gratiot Ave., — that made it convenient for resi- ness about the need to think regionally. the wall. Nothing has changed. Detroit, MI 48207-2997. dents to shop. Whatever the reason, Oakland County Commission Chair- The mayor, his office and the City E-mail: [email protected] The energy created by the Super man Bill Bullard Jr., a former state lawmaker, deserves credit Council all seem to be out of sync Message boards: Share your Bowl was supposed to catapult De- views in our online community. troit on to bigger and better things. for resurrecting a “tri-county summit” of elected government with what is best for the city. Nepotism, favoritism, greed, feel- forums.crainsdetroit.com. But then racism raised its ugly officials. Last Monday’s meeting was the first such gathering ings of grandiosity, a bloated bu- head again. I found the comments in six years. reaucracy and unfounded racial spiral. We can’t allow Detroit made by the broken-down ’60s rev- Six years? This region shouldn’t go six weeks without offi- remarks are still rampant. to drag us into the future with no olutionaries, City Council mem- cials meeting. It’s harder to “dis” the leaders in the next coun- The electorate continues to get future. bers Barbara-Rose Collins, JoAnn Watson and Kwame Kenyatta de- ty if you know them personally and just had lunch with them. what it gets, because it continues Richard Cooper to do what it does. The city cannot Waterford Township plorable. Oakland County Execu- Last week’s session was heavily attended by county com- continue to hemorrhage financial- Racism ruins city tive L. Brooks Patterson didn’t missioners from Wayne, Oakland and Macomb counties who ly and not enter receivership. The help things by what he said. discussed ways to cooperate on everything from jail services executive and legislative branches Editor: Watson calling for a boycott of to roads and infrastructure funding. seem to be well beyond their abili- I read Keith Crain’s column Oakland County was ridiculous; with great interest and I agree the reason people from Detroit go “We’re not always going to agree on everything, but we ties to manage. The suburbs, as in the past, need to continue to grow, with him wholeheartedly about to the suburbs to shop is because need to have regional cooperation,” Detroit City Council Presi- mature and move forward while Detroit possibly having to fall to it’s difficult to find in the city what dent Ken Cockrel Jr. told Crain’s. the city of Detroit, and its elec- ruin (“A sad episode, and a grim It’s a good start that business leaders should support. torate, continue on a downward omen for city,” March 6). See Letters, Page 9 KEITH CRAIN: Trying to save one precious resource Whenever there is a discussion will ever return. downtown Detroit, a sirable demographic for our re- There is no simple answer. But on Southeast Michigan, there is al- I’m not sure what it pub in Royal Oak or a gion. And we’re not doing any- have we really given the problem ways a lot of talk about all the would take to become a restaurant in Mt. thing to persuade them not to mi- the attention it deserves? pieces that make up our communi- magnet for our best and Clemens, they are all grate anywhere else. If we want to grow and prosper ty. our brightest. Certainly, over the map, literally, I don’t know how you keep them with a diverse population, we’re We have to worry about econom- jobs have a great deal to of Southeast Michigan. from leaving. There are plenty of going to have to do everything we ic development. We have to worry do with keeping them. And many of them great cities that are magnets for can to keep young people from about transportation. We have to But my sense is that it’s are “empty nesters.” young people. Whether you’re talk- leaving Southeast Michigan. We worry about myriad other assets a lot more than that. They don’t need a lot of ing about New York City, Chicago, can’t afford to lose any more of our we need to protect or develop. Our young people, as social services. They Boston or even San Francisco, it’s a best assets. But we let one of our biggest as- a group, take advantage don’t need our schools very tough assignment to compete (Editor’s Note: On April 17, sets slip away without so much as a of every part of our com- or hospitals. They’re with these communities. But Crain’s will publish profiles of 20 of whimper. Too many young people munity, from the city of more than willing to whether it’s tough or not, we have the most creative and accomplished leave our community every year Detroit to the suburbs. They don’t spend discretionary income on all to figure out what would attract our people in metro Detroit still in their for what they think will be greener seem to be worried about borders. our entertainment venues. These young assets and try to come up 20s and their prescriptions to retain pastures. Only a small percentage Whether it’s a sporting event in young adults represent a most de- with some type of retention plan. talent in the region.) DETROIT BUSINESS MAIN 03-27-06 A 21 CDB 3/24/2006 5:39 PM Page 1

March 27, 2006 CRAIN’S DETROIT BUSINESS Page 21

CRAIN’S LIST: LARGEST U.S.-OWNED DIVISIONS, SUBSIDIARIES AND AFFILIATES Ranked by 2005 revenue

Company Revenue Revenue Address Revenue Revenue ($000,000) ($000,000) Phone; Web site Parent ($000,000) ($000,000) Percent parent parent Rank Top executive company 2005 2004 change 2005 2004 Business description Johnson Controls Inc. Automotive Group Johnson Controls Inc. $21,761.7 $19,279.3 12.9% $27,479.4 $24,603.0 Automotive interiors, seating and electronics; Lead-acid and 49200 Halyard Drive, Plymouth 48170 Milwaukee hybrid batteries; facilities management and building control 1. (734) 254-5000; www.johnsoncontrols.com systems Keith Wandell, president, automotive group DuPont Automotive E.I. du Pont de Nemours & Co. 3,700.0 B 3,700.0 0.0 28,491.0 27,995.0 Coatings, plastics, fibers, air conditioning, refrigerants, 950 Stephenson Highway, Troy 48007 Wilmington, Del. precision parts 2. (248) 583-8000; www.automotive.dupont.com Marty McQuade, vice president and general manager Con-way Transportation Services Inc. CNF Inc. 2,820.0 2,600.0 8.5 4,200.0 3,700.0 Transportation and logistics 110 Parkland Plaza, Ann Arbor 48103 San Mateo, Calif. 3. (734) 769-0203; www.con-way.com David McClimon, president Alcoa Automotive Alcoa Inc. 2,700.0 2,700.0 0.0 26,159.0 23,236.0 Automotive chassis, suspension, drivetrain, crash management 36555 Corporate Drive, Farmington Hills 48331 Pittsburgh systems, other 4. (248) 489-4900; www.alcoa.com Robert Alexander, vice president General Dynamics Land Systems General Dynamics Corp. 2,600.0 2,226.0 16.8 20,000.0 19,200.0 Designs, develops and produces armored vehicles and 38500 Mound Road, Sterling Heights 48310 Falls Church, Va. subsystems 5. (586) 825-4000; www.gdls.com David Heebner, president Textron Fastening Systems Inc. C Textron Inc. 1,866.0 B 1,924.0 -3.0 10,043.0 8,318.0 Fastening systems for automotive, aerospace, electronics and 840 W. Long Lake Road, Suite 450, Troy 48098 Providence, R.I. industrial markets 6. (248) 879-8660; www.textronfasteningsystems.com Rick Clayton, president St. John Health Ascension Health 1,804.5 1,685.0 7.1 10,861.0 10,000.0 Hospital and health care organization 28000 Dequindre, Warren 48092 St. Louis 7. (888) 440-7325; www.stjohn.org Elliot Joseph, CEO and president Dow Automotive The Dow Chemical Co. 1,500.0 1,317.7 B 13.8 46,000.0 40,160.0 Automotive supplier 1250 Harmon Road, Auburn Hills 48326 Midland 8. (248) 391-6300; www.dowautomotive.com George Hamilton, president Great Lakes Works - U.S. Steel U.S. Steel Corp. 1,495.0 B 1,490.0 B 0.3 14,039.0 13,975.0 Integrated steel mill 100 Quality Drive, Ecorse 48229 Pittsburgh 9. (313) 749-2100; www.ussteel.com Fred Jauss, general manager Farmer Jack Supermarkets The Great Atlantic & Pacific Tea Co. 1,161.6 B 1,473.9 B -21.2 10.9 10.8 Grocery retailing 18718 Borman Ave., Detroit 48228 Montvale, N.J. 10. (313) 270-1000; www.farmerjack.com

Teleflex Automotive Group Teleflex Inc. 506.0 579.4 -12.7 2,510.0 2,390.0 Automatic and manual shifters and cables 700 Stephenson Highway, Troy 48083 Limerick, Pa. 11. (248) 616-3800; www.tfxauto.com Peter Spencer, president Washington Group International Inc. - automotive division Washington Group International Inc. 425.0 397.7 6.9 NA 2,900.0 Design, engineering, construction, program management, 3221 W. Big Beaver Road, Suite 203, Troy 48084 Boise, Idaho manufacturing consulting, design-build, general construction 12. (248) 637-1516; www.wgint.com and facilities management Frank Bento, general manager EaglePicher Automotive Eagle-Picher Holdings Inc. 392.0 424.0 -7.5 672.0 707.0 Automotive supplier 2424 John Daly Road, Inkster 48141 Phoenix 13. (313) 278-5956; www.eaglepicher.com David Treadwell, COO SKD Automotive Group National Material L.P. 337.0 D 283.0 D 19.1 NA NA Automotive supplier 1450 W. Long Lake, Troy 48098 Elk Grove Village, Ill. 14. (248) 267-9670; www.skdautomotive.com John Chen, president Murray’s Inc. E CSK Auto Corp. 235.0 F 225.0 4.4 NA NA Retail auto parts 8080 Haggerty Road, Belleville 48111-1643 Phoenix, Ariz. 15. (734) 957-8080; www.murraysdiscount.com Lou Mancini, executive vice president, Midwest operations Entertainment Publications Inc. IAC/Interactive Group 219.0 217.9 0.5 5,753.7 4,188.3 Coupon books and merchant promotions 1414 E. Maple Road, Troy 48083 New York City 16. (248) 404-1000; www.entertainment.com Alan Bittker, CEO and president MPC Inc. - Automotive Division MPC Inc. 160.9 150.4 7.0 178.8 167.1 Plastic components and assemblies for the automotive 29200 Northwestern Highway, Southfield 48034 Walworth, Wis. industry 17. (248) 799-8949; www.mpc-inc.com Jim Brost, president TCF National Bank Michigan TCF National Bank 150.6 136.5 10.3 996.0 982.1 Financial institution 401 E. Liberty St., Ann Arbor 48104 Wayzata, Minn. 18. (800) 362-5555; www.tcfbank.com Robert Scott, president of Michigan Campbell-Ewald Interpublic Group of Cos. 143.0 B 143.0 B 0.0 NA 6,387.0 Advertising agency 30400 Van Dyke Ave., Warren 48093-2316 New York, NY 19. (586) 574-3400; www.campbell-ewald.com Anthony Hopp, chairman and CEO Metropolitan Title Co. First American Title Co. 76.4 88.5 -13.7 NA 3,096.8 Title agency and settlement services 622 E. Grand River Ave., Howell 48843 Santa Ana, Calif. 20. (517) 548-3130; www.metropolitantitle.com Ken Lingenfelter, CEO

This list contains information about Detroit-based divisions, affiliates, units and subsidiaries of U.S.-owned companies whose headquarters are outside Wayne, Oakland, Macomb, Washtenaw and Livingston counties. This is not a complete listing but the most comprehensive available. Unless otherwise noted, the companies provided the information. NA=not available. B Crain’s estimate. C In December 2005, Textron Inc.’s board of directors authorized the divestiture of Textron Fastening Systems. D From Automotive News. E Murray’s was acquired by CSK Auto Corp. in December 2005. F Projected revenue at time of acquisition. LIST RESEARCHED BY ANNE MARKS Spotlight on: U.S.-owned divisions

Lists as spreadsheets Biggest gainers Total revenue for top 20 A look back at the biggest You can purchase individual Crain's % change in revenue, 2004-2005 Figures in billions Largest foreign-owned divisions in metro Detroit: 7.6% lists or our Book of Lists in Excel Revenue General Dynamics Land Systems $44.1 spreadsheet format at Year Division (in billions) + 16.8% $41.0 www.crainsdetroit.com. Click "Crain's Lists" in the gray bar at the 2004 Johnson Controls Automotive $20.0 Dow Automotive top of the page. If you've never used 2003 Johnson Controls Automotive 17.1 + 13.8% this feature before, you'll be 2002 Johnson Controls Automotive 15.0 prompted to set up an account. JCI Automotive 2001 Johnson Controls Automotive 13.6 + 12.9% 2000 Johnson Controls Automotive 12.7 Should your company be on this list? 1999 Johnson Controls Automotive 12.1 TCF National Bank Michigan Contact our research department at [email protected]. 1998 TRW automotive operations 12.8 + 10.3% 1997 Johnson Controls Automotive 9.3 Con-way Transportation Need reprints? 1996 TRW automotive operations 6.5 + 8.5% Call (800) 494-9051, Ext. 144. 2004 2005 DETROIT BUSINESS MAIN 03-27-06 A 22 CDB 3/24/2006 5:42 PM Page 1

Page 22 CRAIN’S DETROIT BUSINESS March 27, 2006 BRIEFLY BUSINESS DIARY ment Corp. is looking for someone the business out of Etkin’s offices CONTRACTS 1526. Web site: www.homesolutions Drain commissioner: Detroit to ofoakland.com. to run the Michigan Life Sciences and into an office at the South- Rich and Associates, a Southfield- buy radios with sewer money Pipeline (Crain’s, Feb. 27, Page 6.) field Town Center. Tallman based parking design and planning Tint Magazine, Detroit, is a new multi- firm, has been selected by the city of cultural women’s magazine targeted Oakland County Drain Com- The pipeline is a matchmaking McLean said the move made initiative for businesses involved sense because the company’s Des Plains, Ill., to conduct a parking to women ages 18-35. Web site: missioner John McCullough on study of its downtown. www.tintmag.com. March 13 filed a formal complaint in life-sciences research and com- client list no longer overlaps with mercialization, and those that Etkin’s. It began by working with Avon Broach & Production Co., with U.S. District Court in Detroit Rochester, signed Freedom One Finan- TRANSACTIONS provide products and services for Etkin customers but evolved to 95 stating funds were being allocat- cial Group, Clarkston, as its 401(k) Grubb & Ellis Co., Southfield, an- ed from Detroit Water and Sewerage such efforts. percent of work outside of that. plan provider. nounced the sale of 15,000 square feet Department customers to pay for a Proposals are due April 14, and Tallman McLean said she has Professional Waste Solutions Inc., of industrial space at 1220 John A. Pa- $131 million radio system, accord- the state expects to award a con- about six employees, including Walled Lake, signed a service agree- palas Drive, Lincoln Park, to LDV ment with Rose Printing to be its ex- ing to a news release. tract in late May. The four-year contract workers, and an expand- Properties. The property was owned clusive provider of rubbish-hauling by Kemp & Sherman Co. Grubb & Ellis The radio system would be contract will begin June 1. ing business in North Carolina. services at its Southfield facility. represented the buyer. Also, the sale used primarily for police, fire and — Amy Lane She expects revenue to decrease from $4 million a year to about $2 Organizational Designs Inc., an Ann of 15,214 square feet of industrial emergency medical services with- Arbor interior-design firm, has re- space at 6322 Benham in Detroit to million a year because Diversi- in the city of Detroit, so it should New Inkster development set ceived the contract for the interior de- Iron Works. The property was owned be paid for from the city’s general fied Property is moving away sign of the McKinley Towne Center in by Faygo Beverages. Grubb & Ellis fund, not suburban water cus- Novi-based Crosswinds Commu- from selling furniture to clients Ann Arbor. represented both parties. tomers, McCullough said. nities Inc., the city of Inkster and as part of its relocation services. PWB Marketing Communications, GVA Strategis, Southfield, announced Wayne County, has announced a “We’re more services-based,” Ann Arbor, was selected as agency of it represented Shock Bros. in its pur- George Ellenwood, DWDS pub- record by UGS Corp., a Plano, Texas, lic affairs director, said the depart- plan to build 160 houses in the she said. “The margins should be chase of a 19,297-square-foot industri- $150,000-$195,000 price range. increasing.” product-lifecycle-management soft- al building at 20320 Cornillie, Ro- ment was paying only for its share ware and services company. The development, called An- — Jennette Smith seville. The purchase price was of the project, which would be Cadence Innovation, Sterling Heights, napolis Pointe, is to be near Mid- $925,000. Also, GVS Strategis repre- used to support its customers, not has been awarded an $18 million con- sented GKS Holdings L.L.C. in its pur- dlebelt Road and Annapolis Av- only in Detroit, but in the eight Washtenaw group gives awards tract to produce hard trim for the 2006- chase of a 12,000-square foot industrial surrounding counties as well. enue on the site of the former 2008 Chrysler Pacifica. The contract building at 33080 Industrial, Livonia. covers 85,000 units to be produced an- The court has not yet set a date Carver Homes, a World War II The Washtenaw Contractors Asso- Asking price was $650,000. low-income housing project. Con- ciation has given its annual Pyra- nually at Chrysler’s Windsor assem- to hear the matter, the news re- CB Richard Ellis, Southfield, partici- struction is to begin this spring. mid Awards, which honor team- bly plant. lease said. There will be a settle- pated in the following transactions: — Robert Ankeny work, service and innovation in Somerset Inn, a Troy hotel and confer- The leasing of approximately 28,650 ment conference at 2 p.m. April 6 ence center, has selected Media Gene- square feet of space from Wixom Land construction. The winners are: sis, a Madison Heights-based Web de- for the attorneys only. L.L.C. by Rampf Group L.L.C. at 50714 ■ Polshek Partnership Architects, sign and development firm, to use The filing comes on the heels of Six chosen for possible Royal Century Court, Wixom; and the leas- New York; Gilbane Building Co., search-engine optimization to in- a vote March 10 by Detroit City Coun- ing of approximately 38,317 square feet Ann Arbor; and Clark Construction crease the hotel’s visibility in search- cil approving price hikes for both Oak golf course redevelopment of industrial space by Lift Aid Trans- Co. Inc., Ann Arbor, for work on engine rankings. city and suburban residents later A Royal Oak City Commission port L.L.C. from Rampf Group L.L.C. at the University of Michigan’s biomed- 46908 Liberty Drive in Wixom. CB this year. Earlier in the week, the committee earlier this month se- MOVES ical science research building. Richard Ellis represented Rampf council had voted to raise rates for lected six finalists from which to ■ StudiozONE L.L.C., Detroit, and Legatia Wealth Advisors L.L.C., from Group L.L.C. in both transactions. suburban communities but not for select a potential redevelopment JC Beal Construction Inc., Ann Ar- Troy to 42717 Woodward Ave., Suite Thomas Hospitality Group Inc., Royal Detroit residents. 100, Bloomfield Hills. Telephone: (248) project for Normandy Oaks Golf bor, for their work on the West Oak, announced the sale of the follow- — Anjali Fluker 858-8300. Course. Michigan Avenue Lofts in Ypsilanti. ing restaurants: Woody’s Diner, 208 W. Fifth Street, Royal Oak; Panacea The city had received 17 re- ■ Beta Design Group Inc., Grand NEW SERVICES sponses to requests for proposals Nightclub, 205 W. Congress, Detroit; MEGA announces grants Rapids, and Clark Construction Print Xpress, Grosse Pointe Woods, and the Milford Wine Bar, 327 N. Main late last year, said Tim Thwing, for Boyne USA’s Mountain Grand The Michigan Economic Growth director of planning. The dead- has launched a new feature on its Web Street, Milford. Thomas Hospitality Lodge & Spa and Avalanche Bay site granting customers the ability to Group represented the sellers in each Authority on March 14 said it had line to submit proposals was just Indoor Waterpark. convert their created files into PDF of the transactions. Thomas Hospitali- awarded auto supplier Marisa In- before Christmas, he said. ■ John E. Green Co., Ann Arbor, form. ty Group also represented the land- dustries Inc. a single-business-tax The field was narrowed to for best subcontractor for con- Enterprise Expectation Systems, lord in leasing the 9,100-square-foot credit of nearly $2.3 million for a Bloomfield Hills-based Pulte tracts more than $500,000. Rochester, has launched www.top property at 520 S. Main St. in Royal $14.4 million project in Auburn Oak which is being developed into a Homes Inc., Bingham Farms-based ■ United Mill & Cabinet Co., michiganwebsites.com, www.top Hills that is expected to expand Pan-Asian restaurant-lounge. Silverman Development Co., Ma- Willis, for best subcontractor for ohiowebsites.com and www.top its manufacturing capabilities indianawebsites.com, which offer ad- Friedman Real Estate Group Inc., comb Township-based MJC Cos., contracts less than $500,000. and is expected to create 223 jobs. West Bloomfield Township-based vertisers pinhead-sized digital ads Farmington Hills, negotiated the sale ■ Midwestern Consulting, Ann of the 15,128-square-foot Dollar General The company, which has a Diversified Property Group L.L.C., with links to their own sites begin- Arbor, for best innovation. ning at 12 cents a pixel. building at 36901 Garfield Road, Clin- manufacturing operation in Cen- and Phoenix Home Building Co. ton Township. Sellers Roderick and — Sheena Harrison , Clinton Town- ter Line and a design, engineering L.L.C. and Grand Sakwa Properties Mobile Images L.L.C. Verena Cushman sold the building to and assembly center in Auburn L.L.C., both of Farmington Hills. ship, is now offering online services American Land Inc. Friedman repre- Hills, had considered Bowling The offers run from $12.4 mil- Wayne County CFO testifies for creating custom signs and banners sented the seller. Also, Friedman nego- Green, Ky., as an expansion loca- at a discount. Web site: www. tiated the sale and represented the pur- lion to $18.8 million, depending MobileImagesLLC.com. Telephone: tion, according to the state. about tax-exempt financing chaser of a 13,500-square-foot light on the number of residential (586) 792-8863. industrial building at 11875 Stephens In Detroit, the MEGA board ap- units, Thwing said. Proposals, Wayne County CFO Carla Road, Warren. BRL Warner Invest- proved a plan for the city to cap- one with proposed open space and Sledge testified before Congress NEW SOFTWARE ments L.L.C. sold the building to ture $352,846 in state and local Charles Anglin L.L.C. Also, Friedman another with retail/commercial March 16 that putting further re- Vertabase, Oak Park, has launched negotiated the sale of a 12,000-square- taxes to support the $2.4 million space, range from 200 homes to strictions on tax-exempt bonds the latest version of its flagship prod- redevelopment of a long-vacant more than 340 homes. A few de- would work a hardship on state uct, Vertabase Pro. foot warehouse at 20881 Boening St., Southfield. Seller Patricia Shink sold former print shop on Woodward velopers have given more than and local governments’ abilities the warehouse to ENL Building L.L.C. Avenue next to the Bonstelle The- one option as well, he added. to fund projects. STARTUPS Friedman represented the seller. atre. Thwing said the committee Sledge. president of the Govern- Home Solutions of Oakland L.L.C., Developer PPM Acquisitions asked him to have some questions ment Finance Officers Association Lake Orion, is a free contractor refer- OTHER L.L.C. plans to gut and rebuild the ral service for Oakland County home answered on the development and a national expert on govern- Empire Electronics, Troy, an automo- 87-year-old building to house plans. Another meeting could be ment finance, testified before the owners. Specialists in the Home Solu- tions network pay a pre-negotiated tive supplier, has received foreign 32,000 square feet of retail space. scheduled sometime next month House Committee on Ways and commission to the network for any trade zone status for its Troy ware- Prospective tenants include a and then the decision will be Means’ subcommittee on select work secured. Telephone: (248) 842- house. bank, fitness club, bookstore and made to either narrow the field revenue measures. offices, according to a state further or to recommend projects “Being able to issue tax-exempt MEGA board briefing memo. The to city commission, he said. bonds is of great importance to HOW TO SUBMIT ANNOUNCEMENTS TO CRAIN’S project is expected to create 23 — Anjali Fluker Wayne County and nearly every ■ Crain’s publishes news items clients, changes in sales jobs. other county, city, town, village, about local business activity weekly representation and obituary notices Also, MEGA announced that and state across the U.S.,” Sledge in its Business Diary, Calendar and are welcome, as well as other information a company wants to Advanced Photonix Inc. of Camaril- Exec buys out Etkin partners said. “These bonds provide access People columns. These are editorial columns in which items run based report. lo, Calif., will receive a single- Corporate real estate services to the capital markets and are es- on space available and news value. business-tax credit of almost $1.2 company Diversified Property Ser- sential financial tools for us to be Each column has specific eligibility Submissions million for its relocation to Ann vices has spun out from its part- able to provide adequate infra- guidelines. Consult the columns for Arbor. ownership by Southfield-based structure to our communities and more information on eligibility. ■ Business Diary, Calendar and Etkin Equities L.L.C. our citizens.” Companies may expect a delay of People Life-science proposals sought Terms were not disclosed. She said that any more restric- four to six weeks before Press releases can be e-mailed or Diversified Property, which of- tions that may be placed on tax-ex- publication. faxed to Editorial Assistant Joanne The state has issued a request fers move-management among empt bonds would pose great hard- ■ Business Announcements are Scharich at [email protected] or for proposal for an individual or other services, was created as an ship to state and local governments paid ads guaranteed to run in the (313) 446-1687. issue selected by the advertiser. organization to head up a new ef- Etkin affiliate. Jennifer Tallman and urged simplification rather ■ Business Announcements fort to promote the growth of McLean, founding principal and than more restrictions on “these Anniversaries, awards, certifications, catalogs and Call the Classified Department at Michigan’s life-sciences industry. CEO, bought out the interests of important financial tools.” brochures, for-profit events, new (313) 446-6068. The Michigan Economic Develop- Etkin principals and has moved — Robert Ankeny DETROIT BUSINESS MAIN 03-27-06 A 23 CDB 3/24/2006 3:45 PM Page 1

March 27, 2006 CRAIN’S DETROIT BUSINESS Page 23 CALENDAR TUESDAY detroitchamber.com. 2006 Forecast Luncheon. Birming- ham Bloomfield Chamber. 11:45 a.m.- MARCH 28 LAND BANK DISCUSSION THURSDAY From Mature Towns to Emerging 1:30 p.m. April 12. Deborah Dingell, “Southeast Development Corp. CEO and GM Foundation, and Steve Mitchell, Economic Update Luncheon. Troy Michigan Wayne County Economic Cities: Michigan Alliance Program. In- Chamber and Miller, Canfield, Pad- ternational Council of Shopping Cen- Mitchell Research & Communica- Economic Development Director; Amy Hovey, tions. Townsend Hotel, Birmingham. dock and Stone plc. 11:30 a.m.-1:30 p.m. Development: founder, The Protogenia Group; ters. 8 a.m.-1:30 p.m. April 5. Sam Panel discussion with Daniel Driscoll $45 members, $55 others. Register by Land Banks” is and Dan Kildee, Genesee County Polese, Thor Equities, New York. Jr., senior vice president, UBS Wealth treasurer and State Land Bank Townsend Hotel, Birmingham. $50 in April 7. Contact: (248) 644-1700. Management; , chief the subject of Robert Schnorbus advance, $60 at the door. Contact: (646) economist, J.D. Power and Associates; a Crain’s chairman. and Richard Walawender, senior prin- Detroit LaSalle Bank ABN Amro is the 728-3800. Leveraging Diversity For Business cipal, Miller, Canfield. Radisson Ho- Business event event sponsor. Success. Detroit Regional Chamber, tel, Bloomfield Hills. $30 members, $40 Thursday. The event is from 8:30-10 a.m. at Adcraft Club of Detroit. 11:30 a.m.-1:30 National Conference for Community others. Contact: (248) 641-8151. The panel the Detroit Athletic Club, 241 a.m. April 7. Ted Leonsis, vice chair- and Justice and the Oakland County Birru includes Mulu Madison Ave., Detroit. Registration man, America Online Inc., and presi- Employment Diversity Council. 7:30 Wine 102: Components of Wine. Info- Birru, Greater begins at 8 a.m. Tickets are $30. dent of the AOL Audience Business. a.m.-4:30 p.m. April 12. Luke Visconti, rum-A Professional Women’s Alliance. Wayne County Economic To register, call (313) 717-3043. Co-sponsored by 313 Digital. Detroit partner and founder of DiversityInc. 6-8 p.m. Madeline Triffon, master som- Athletic Club. $35 members, $30 junior Troy Hilton. Corporate rate: 1 person: melier, Morels, An American Bistro, Detroit Regional Chamber. 7-9 a.m. naissance Center. $25 members, $35 members, $20 students with ID, $40 $150. 3 or more: $125. Small-busi- Bingham Farms. $80. Contact: (313) 578- April 5. Mark Chernoby, Daimler- others. Contact: Beverly Sturdivant, others. Contact: (313) 872-7850; or ness/nonprofit rate: $95. Student rate: 3230 or www.inforummichigan.org. Chrysler. Detroit Marriott at the Re- (313) 596-0343 or bsturdiv@ www.adcraft.org. $50. Contact: (313) 567-6225.

A Big Future for Little Devices. Ann Arbor IT Zone. 5-7 p.m. Fred Terry, in- terim director, Solid State Electronics Laboratory; and Dennis Grimard, manager, Michigan Nanofabrications Fa- cility. Spark Central, 330 E. Liberty St. Free to members, $5 students, $25 others. Contact: www.annarboritzone. org or (734) 615-9310. THURSDAY MARCH 30 Annual Awards Reception. The Women Lawyers Association of Michigan Foundation. 5:30-8 p.m. Bar- bara Rom, bankruptcy attorney and partner, Pepper Hamilton L.L.C. St. John’s Conference Center, Plymouth. $25. Contact: Debbie, (734) 762-7260. FRIDAY MARCH 31 Pancakes and Politics: The Economy, Regionalism and Race Relations. The Michigan Chronicle. 7:30 a.m. Detroit Mayor Kwame Kilpatrick and Oakland County Executive L. Brooks Patter- And the award for best way to increase revenue son. Includes a six-month Michigan Chronicle subscription. Detroit Ath- without lifting a finger, goes to... letic Club. $50. Contact: LaVonne Trent, (313) 861-0492. MONDAY APRIL 3 Detroit Economic Club. Noon. Steve Miller, chairman and CEO, Delphi Corp. Masonic Temple, Detroit. $35 members and spouses, $50 others. Contact: (313) BUSINESS SWEEP CHECKING 963-8547 or www. econclub.org. Your small business gets maximum return for minimum effort. Here’s how. Your idle Miller Charting New Ter- checking balances are “swept” into a linked money market savings account each .85% ritory in Health Care Quality and Cost. APY* Greater Detroit Area Health Council night to earn interest. When money is needed to cover checks or withdrawals, Introductory APY is guaranteed Inc., and WWJ 950 AM. 7:30 a.m.-1:30 through September 30, 2006. p.m. Newt Gingrich, founder, Center ** for Health Care Transformation, and the money automatically moves back. It’s that simple. And that profitable. You former leader of the U.S. House of Rep- resentatives. Dearborn Inn. $150 mem- get 500 free monthly checks and deposits. Plus three months of select Cash bers, $175 others. Register by March 29. Contact: www.gdahc.org or (313) Management solutions, to save you time and money.*** To apply stop by any 963-4990. 4 branch, visit NationalCity.com or call 888-NCB-4BIZ (622-4249.) COMING EVENTS Annual Breakfast During SAE Week.

CALENDAR GUIDELINES More Calendar items can be found on the Web at www.crainsdetroit. com. Please send news releases Business Banking • Personal Banking • Investments • Mortgage Loans for Calendar to Joanne Scharich, Crain’s Detroit Business, 1155 Gratiot Ave., Detroit, MI 48207- 2997, or e-mail jscharich@ *Offer applies to Business Sweep Checking accounts opened at National City offices located in Pennsylvania, Illinois, Michigan or Missouri by 06/30/06 with funds not currently on deposit. Annual Percentage Yield (APY) applies to all balances in excess of target balance up to $1,000,000 and is guaranteed through 09/30/06. After 09/30/06 the APY may change. Minimum opening deposit $20,000. One account per customer or taxpayer ID. Limited to small businesses with sales crain.com. You also may submit under $5 million annually. Not available for Private Client Group, Corporate Banking or public fund accounts. Offer may be withdrawn at any time. **By law, the number of sweeps from the savings account back to the checking account is limited Calendar items in the Calendar to six per statement cycle. On the sixth sweep, all funds are transferred back to the checking account and all sweep activity is suspended until the start of the next statement cycle. ***Fees for Web Wire, Small Business ACH and Business Tax Manager section of crainsdetroit.com. will be waived or reimbursed (up to $1,500) for the first three months. Mortgage loans are products of National City Mortgage, a division of National City Bank of Indiana. Member FDIC • ©2006, National City Corporation® DETROIT BUSINESS MAIN 03-27-06 A 24 CDB 3/24/2006 7:39 PM Page 1

Page 24 CRAIN’S DETROIT BUSINESS March 27, 2006 Wind Point goes on shopping spree Dickinson adds

BY TOM HENDERSON revenues of $100 million to $400 million Terry Stanton, public information of- new business units CRAIN’S DETROIT BUSINESS with investment amounts of $20 million ficer for the state Treasury Department, to $70 million. said the state invested $65 million in the Wind Point Partners, a private-equity “We’re in an investing mode now. A most recent fund and previously invest- BY ROBERT ANKENY investment firm based in Southfield and number are in process,” TenBroek said. ed $10 million in the second fund, $55 CRAIN’S DETROIT BUSINESS Chicago, has embarked on a buying “There aren’t any deals impending, but million in the fourth fund and $60 mil- Dickinson Wright P.L.L.C. has launched two ancillary spree funded by its sixth investment there are a lot in the early stages.” lion in the fifth fund. fund, Wind Point Partners VI L.P., which business units unrelated to the practice of law. Purchases from the newest fund A local investment-banking firm The businesses were developed to provide research finished raising $700 million last year — won’t include a deal announced on Feb. praised Wind Point’s principals. $200 million more than what had been and investigative services to small to mid-sized busi- 10 for Wind Point to acquire Grand “The Wind Point guys are first-class. nesses and law firms, Dickinson chief administrative targeted. Rapids-based Knape & Vogt Manufacturing Bob Cummings and Jim TenBroek are officer Drew Novak said. Investors in that fund who had invest- Co. (Nasdaq: KNAP) for $19 a share, or first-rate,” said John Donnelly, manag- For law firms to remain successful, they need ed in previous Wind Point funds included about $85.5 million for about 4.5 million ing director of Donnelly Penman & Part- strategic planning in all areas for potential worth and the State of Michigan Retirement Systems outstanding shares. That deal is contin- ners of Grosse Pointe, which does merg- opportunity to clients and potential clients, he said. and the DaimlerChrysler Retirement System. gent upon Wind Point securing bank fi- ers and acquisitions and helps Around the country, many law firms are establish- Last Monday, the firm announced it nancing by April 15, said Leslie Cum- community banks raise startup capital. ing financial consulting arms. In Detroit, Miller Can- had bought Florida-based Yachting Pro- mings, Knape & Vogt’s treasurer and Cummings is another managing direc- field Paddock and Stone plc takes on discovery work for motions Inc., which puts on five major vice president of finance. tor at Wind Point. other firms nationwide. boat shows annually, including the Fort The deal also requires shareholder While Wind Point has invested in sev- The addition of the new companies allows Dickin- Lauderdale International Boat Show. The approval. When the deal was an- eral Michigan companies — including show, which Wind Point said is the nounced, Knape & Vogt, which designs Aastrom Biosciences of Ann Arbor, LDMI son to take advantage of internal strengths, using largest in-water boat show in the world, and makes kitchen and bath-storage Telecommunications Inc. of Hamtramck, cadres of skilled non-attorney professionals, Novak draws 100,000 visitors and generates units and office accessories, was trading Med-i-bank Inc. of Birmingham, Qualitor said. $650 million in sales each year. at $16.07. It jumped on the day of the an- Inc. of Southfield and Breeze Industrial The first, Professional Investigative Advisors L.L.C., is Yachting Promotions will become part nouncement to $18.27. Products Corp. of Auburn Hills — it no a professional investigation agency familiar with the of Active Interest Media Inc., a Wind Point The company, which had revenue of longer does venture capital. Wind Point requirements of civil litigation. portfolio company based in California $157.4 million for the year ending July 3, prefers to invest in healthy companies Mark Paliszewski, Dickinson’s staff investigator, that puts on trade fairs and publishes had announced in October that it had with good management that it can grow came to Novak with the idea for the company, saying specialty-interest magazines, including hired Detroit-based investment-banking and either sell or take public. It has $1.8 he was getting a lot of requests from other companies Vegetarian Times, Better Nutrition, Log firm W.Y. Campbell & Co. to find a buyer. billion under management. and law firms to help out on various inquiries but Home Design and Black Belt. The sale Knape & Vogt said then that it wanted TenBroek said one of the deals that couldn’t do so as part of the law firm. price wasn’t announced, but Jim Ten- to avoid the cost of being a public com- turned the firm away from VC was The new company will offer investigative services Broek, a managing director in South- pany, including the increased account- Southfield-based 1/2 Off Card Shops Inc. ranging from pre-employment background checks field, said the acquisition will boost ing costs imposed by the federal Sar- in 1998, an investment of $8.5 million it and Freedom of Information Act requests to accident- AIM’s revenues to $60 million annually. banes-Oxley Act. shared with Alpha Capital L.P. of Chicago. scene investigations and witness interviews. Likely AIM’s CEO is Efrem Zimbalist III, son Officially, the deal calls for Knape & “My wife calls it the Charge-Off Card customers include law firms, corporations of all of the actor. On Tuesday, Wind Point an- Vogt to be merged into Slideco Inc., a Shops,” TenBroek said. The company types, and public entities, Novak said. nounced it had bought two companies wholly owned subsidiary of Wind Point, filed for Chapter 11 bankruptcy in 2000 The second, Information Navigators L.L.C., offers re- from Detroit-based Huron Capital Partners with Knape & Vogt continuing as the and soon went out of business. Wind search-related services including competitive intelli- L.L.C.: York Label Holdings Inc. of Pennsyl- surviving entity. Point charged off its losses. gence research, corporate information, expert-witness vania and Industrial Label Corp. of Ne- TenBroek said Wind Point moved to Now, TenBroek said, Wind Point research, litigation research, and library manage- braska. Peter Mogk, a partner at Huron Michigan in 1997 from Racine, Wis., at “looks for good executives who have a vi- ment. Capital, confirmed the sales. the urging of then-Gov. John Engler. He sion for building the business. We’re not a “Smaller law firms and corporations with in-house The two will be merged into a single wanted to beef up the state’s venture- turnaround investor, but we are active in- counsel often can’t afford professional librarians and company, York Label Holdings, becom- capital presence and promised the firm, vestors who drive performance. We look our staff of three librarians headed by chief Mark ing the seventh-largest producer of la- which was founded in 1983 by Kurt for opportunities to change the direction Heinrich can do the jobs,” Novak said. bels in the U.S., according to Wind Johnson, an inheritor to the Johnson of a business and really improve it.” The service will target law firms with 25 to 120 at- Point. Sale prices were not disclosed. Wax fortune, access to state pension- Tom Henderson: (313) 446-0337, torneys and other small to midsized businesses. Wind Point targets companies with fund capital in exchange for the move. [email protected] Robert Ankeny: (313) 446-0404, [email protected]

Loans: City Schubiner: Bloomfield Park developer, lender joust ■ From Page 3 to offer been hurt when Boylston stopped allowing BP Schubiner said he would be able to secure and take over, so be it, as long it gets done.” Associates to draw on the loan in September. funding to buy the mortgage within the re- BP Associates received preliminary ap- G. Douglas Lanois, CFO and portfolio manag- demption period and secure a construction proval of the first two buildings of the proposed microloans er at Tremont Realty Capital, the company that loan to proceed with the project. project last fall. formed Boylston and which originated the Bernard said most foreclosures such as this Plans call for more than 70 retailers along ■ From Page 3 loan, did not return a phone call by press time end with the lender being the winning bidder. with eight parks, two lakes, an 11-screen movie ■ TechTown: $4 million grant and Friday. If not redeemed, the property is then resold theater and more than 1,500 homes. Schubiner loan technical-assistance program. Ann Taylor-Reed, account executive at New with hopes that the lender can cut losses, said 32 retailers have committed so far. ■ The proposed African-American York, N.Y.-based The Abernathy Group Inc., the Bernard said. Schubiner first presented plans for Bloom- Business District: $6 million for public-relations firm representing Boylston, In this case, the property may be worth more field Park to Bloomfield Township officials in loans, grants and infrastructure said Thursday that the foreclosure is moving than the loan; Schubiner’s lawsuit said it’s 2000, though he had been buying land in the improvements. forward as planned. been appraised at $70 million. area for about six years. Township officials did- ■ Detroit Black Chamber of Com- Taylor-Reed said the company did not want BP Associates began selling residential units n’t approve the plans, citing size and density merce: $500,000 research grant for a to comment further. An attorney in the Detroit for the first phase of the development in No- among the issues. joint project with University of office of Philadelphia-based Pepper Hamilton vember. The company told Crain’s that it had On Sept. 11, 2001, the residents of the 20 hous- Michigan to develop ways to assist L.L.P. is representing Boylston and referred sold 25 percent of the units, worth about $20 es on the property and voters in Pontiac ap- black business in Detroit. calls to Abernathy. ■ million, in the first two weeks. proved annexing the land to Pontiac. The an- Joint Employment and Procure- Schubiner said he doesn’t know why Boyl- “We maintain our position that we want to nexation sparked seven lawsuits that were ment Advisory Board: $2 million to ston is seeking foreclosure. monitor casino construction and “We clearly made the pay- see the land developed,” said Dan Devine, dismissed in November 2002 when all parties vendor employment. ments,” he said. “They’re us- Bloomfield Township treasurer. “However, involved settled on a plan that called for tax Three loan funds are being set ing a manufactured, non- given the current state of affairs, we’re in a revenue to be shared between Bloomfield up to aid downtown and riverfront monetary default. It’s wait-and-see mode.” Township and Pontiac. The agreement also businesses: One for real estate re- Bloomfield Township is expected to get a called for the formation of a three-person com- habilitation loans, $6 million; one unjust.” share of tax revenue from the project. mittee that has final approval over the project to aid national chains to open If sold, developer BP Asso- John Bueno, a former Pontiac City Council and consists of a representative from Bloom- restaurants or retail shops, $5 mil- ciates would have a six- lion; and one to make loans to in- month redemption period member whose term expired Jan. 1 and who is field Township, Pontiac and an independent dependent businesses seeking to under state law to pay the serving on the transition board for newly elect- third-party. open downtown or on the river- amount owed on the original Bernard ed Mayor Clarence Phillips, said the city needs Andrew Dietderich: (313) 446-0315, front, $2 million. mortgage, said Dennis Bernard, president of the land developed regardless of the backers. [email protected] Robert Ankeny: (313) 446-0404, Bernard Financial Group, a Southfield-based com- “We can use every penny we can get,” Bueno Jennette Smith: (313) 446-0414, [email protected] mercial mortgage banking firm. said. “If this means new developers come in [email protected] DETROIT BUSINESS MAIN 03-27-06 A 25 CDB 3/24/2006 3:46 PM Page 1

March 27, 2006 CRAIN’S DETROIT BUSINESS Page 25 Parking: New lots may mean falling prices www.crainsdetroit.com ■ From Page 1 EDITOR-IN-CHIEF Keith E. Crain PUBLISHER Mary Kramer, (313) 446-0399 or [email protected] Since 2000, the city of Detroit ASSOCIATE PUBLISHER Christopher Crain, has added more than 1,600 parking (313) 446-1645 or [email protected] A PARKING DEFICIT? EXECUTIVE EDITOR Cindy Goodaker, (313) 446- spaces with construction of two 0460 or [email protected] downtown garages: 1,020 spots in Does Detroit have enough parking? MANAGING EDITOR Jeff Karoub, (313) 446- the Premiere underground garage It depends on how you look at it. 0402 or [email protected] WEB GENERAL MANAGER Bob Allen, (313) at the old J.L. Hudson’s site, and A study done for Crain’s in 1990 by 446-0403 or [email protected] 600 spaces in the Millennium Southfield-based parking ASSISTANT MANAGING EDITOR Michael Lee, consultants Rich and Associates (313) 446-0416 or [email protected] Garage on West Larned Street just SPECIAL SECTIONS EDITOR Shawn Selby, (313) north of Cobo Center. Inc. showed that the downtown 446-1654 or [email protected] More than 6,000 spaces have parking inventory was short by GRAPHICS EDITOR Nancy Clark, (313) 446- 1,774 spaces. 1608 or [email protected] come from the private side, such COPY EDITOR Vic Doucette, (313) 446-0410 as the new Beaubien Place struc- The demand they found, by using or [email protected] Southeast Michigan Council of DATA EDITOR Anne Marks, (313) 446-0418 or ture on the riverfront, the Detroit Governments’ employment figures [email protected] Opera House Parking Center and WEB EDITOR Dan Eizans, (313) 446-0473 or and factoring ride-share and public [email protected] parking to support new office and transit customers, was 39,600. EDITORIAL SUPPORT Anita Duncan, (313) residential investment downtown JOHN F. MARTIN Available spots totaled 37,826. 446-0329; Joanne Scharich, (313) 446-0419 NEWSROOM (313) 446-0329, FAX (313) 446- such as Compuware Corp.’s head- The study encompassed a large 1687 TIP LINE (313) 446-6766 quarters, 1001 Woodward and Mer- LOCATION, LOCATION, LOCATION area and included the riverfront. chants Row, which has an automat- An April 2004 study for the city’s REPORTERS Parking prices in downtown Detroit run the gamut depending on location. Robert Ankeny: Covers the city of Detroit, Wayne ed 264-space structure. DDA focused on a smaller County government, and law. (313) 446-0404 or The downtown parking market Here’s a representative sampling of what it costs to park. downtown area excluding the [email protected]. Parking lot Max. daily rate Monthly Sherri Begin: Covers nonprofits and education. is in flux, said A.J. Weiner, a se- riverfront. It also found a deficit, (313) 446-1694 or [email protected] nior associate at Trammell Crow Co. 604 Abbott City Lot $5.00 $75.00 but this time of more than 8,000 Andrew Dietderich: Covers innovation and spaces. Total supply was 31,089. workforce. (313) 446-0315 or in Detroit. While certain busy Beaubien Place, new GM structure $12.00 $160.00 [email protected]. decks are always popular and have Center Garage, Renaissance Center $15.00 $165.00 However, since that most recent Anjali Fluker: Covers Macomb and Oakland survey, spaces have been added counties, services and environment. (313) 446- rising rates, others are battling for 6796 or [email protected]. Cobo Roof $8.00 $75.00 or are under construction at places monthly business. Sheena Harrison: Covers small business, retail Compuware Corp. Garage $20.00 $125.00 such as the Detroit Opera House and nonautomotive manufacturing. (313) 446- James Miller, president of De- Detroit Opera House Parking Center $5.00 $50.00 Parking Center, Kennedy Square 0325 or [email protected]. troit-based Miller Parking, said he Tom Henderson: Covers banking, finance and $100.00 reserved garage and the Blue Cross Blue technology. (313) 446-0337 or dropped rates a bit at the RenCen [email protected]. Ford Underground Garage $10.00 $150.00 Shield Detroit campus upgrade. garage because of competition. Michelle Martinez: Covers health care, Grand Circus Park Garage $10.00 $65.00 David Richard, director of business transportation and international business. (313) Miller said downtown has too much development for Rich and 446-1622 or [email protected]. parking given a soft office market. Greektown Garage, 660 Macomb $8.00 $75.00 Jennette Smith: Covers real estate and Associates, said it is likely today’s hospitality. (313) 446-0414 or “People think they are doing the Joe Louis Arena $10.00 $75.00 deficit is smaller than 2004, but [email protected]. right thing by requiring a certain Premier Underground Garage $10.00 $150.00 pockets of downtown could Brent Snavely: Covers auto suppliers, steel and restaurants and entertainment. (313) 446-0405 number of spaces, but what they One Detroit Center, Two Detroit Center $17.50 $220.00 continue to have shortfalls. For or [email protected]. are doing is mandating too much $264.00 reserved example, a financial district LANSING BUREAU space dedicated to parking,” shortfall would depend on how far Amy Lane: Covers business issues at the Millender Center $15.00 N/A* parkers are willing to walk. Capitol, telecommunications and utilities. (517) Miller said. “I think the govern- 371-5355, FAX (517) 371-2492, Port Atwater $14.00 $170.00 Other highlights from Crain’s 1990 [email protected]. or 115 W. Allegan, Suite 220, ment gets too involved in putting Lansing 48933. * not open to public parking report: parking supply on the market.” ■ ADVERTISING Plenty of parking is available, It cost less than $40 a month to Ruffin said the National Hockey Board, has offices at 211 W. Fort St. park at Joe Louis Arena ADVERTISING DIRECTOR Marla Downs, (313) about 12,000 spaces, including new 446-6032 or [email protected] League strike last season hit the He and his six-member staff park ■ It cost about $6.50 to park near construction around the Renais- SALES INQUIRIES: (313) 446-6052; FAX (313) parking department’s revenue in the city’s Millennium Garage on the RenCen for 12 hours. 393-0997 sance Center. Prices range from $5 hard, but things are back on track West Congress, about three blocks, — Jennette Smith NEW BUSINESS DEVELOPMENT MANAGER for short-term valet to daily lot and now and the city could use revenue away for $120 a month. Cathy Ross, (313) 446-0307, [email protected] structure prices from $7 to $15. Gen- ADVERTISING SALES Jeff Anderson, Terri bonds for new construction. In 2005, “What you’re paying for when Engstrom, Matthew J. Langan, Shawn eral Motors Corp. and tenants use Building is always looking to up- the city made about $14 million, you rent monthly is the guaran- grade conveniences. Sterling Group McCracken, Tamara Rokowski, Dale Smolinski 8,861 of the spaces, said John Mc- WESTERN ACCOUNTS Ellen Mazen (Los compared with $19 million in 2004. teed spot,” Van Bolt said. If you are Angeles) (323) 370-2477 Donald, general manager of com- has a proposal pending with the Miller said there is no ballpark willing to walk, it’s possible to find Downtown Development Authority CLASSIFIED MANAGER Melissa McKay, (313) munications for GM economic de- figure on what average occupancy cheaper parking, he said. 446-1692 to build a garage on Woodward. CLASSIFIED ACCOUNT EXECUTIVE Rebekah velopment and enterprise services. a privately owned garage needs to Meanwhile, parking customers Cook, (313) 446-1655 Given the increased supply Parking continues to be a big part make a profit. A location with low at the First National Building’s of the discussion as new develop- MARKETING DIRECTOR Mary Ann Short downtown, Weiner said he be- MARKETING ASSISTANT Jennifer Dunn occupancy but higher rates can be garage pay monthly rates of $200- ments are completed. The city is ne- lieves prices will go lower. profitable and a parking garage $220 a month for the convenience MARKETING ARTIST Sylvia Kolaski “I think the prices are going to gotiating with Redico L.L.C., now SALES SUPPORT Ann Perry, Andrea Beckham, with low rates but high turnover of a site inside the office building. completing the One Kennedy Square YahNica Crawford have to come down,” Weiner said. CIRCULATION Candice Yopp, Manager. can be profitable, he said. Private Farbman Group COO Michael Kalil Building, on leasing most of the “Office occupancy levels have not owners also pay real estate taxes. said the garage recently raised PRODUCTION MANAGER Wendy Kobylarz increased at all.” spaces in the city’s Kennedy Square PRODUCTION SUPERVISOR Larry Williams, Compuware’s employee parking rates 5 percent. Southfield-based underground garage. (313) 446-0301 Downtown Detroit’s office va- structure is a newer player as an Farbman is property manager and SUBSCRIPTIONS (313) 446-0450, The Opera House Center garage, (888) 909-9111 cancy rate is about 26 percent, ac- alternative location for monthly or leasing agent for First National. meanwhile, has parkers from the TO FIND A DATE A STORY WAS PUBLISHED: cording to the Feldman Report, temporary parking. Larry Fees, “Those structures that are cen- (313) 446-0367 or e-mail the Crain Information new Boll Family YMCA across Broad- Center at [email protected]. published by West Bloomfield Compuware’s vice president of fa- trally located are doing well,” he Township-based First Realty Co. way. And the Kales Building on CRAIN’S DETROIT BUSINESS IS PUBLISHED BY cilities, said the 2,800-space struc- said. “The structures in the out- West Adams leases spots in the CRAIN COMMUNICATIONS INC. The variance in monthly rates is CHAIRMAN Keith E. Crain ture can handle up to about 200 skirts are losing occupancy.” Grand Circus Park underground even more striking than daily or non-Compuware monthly parkers. Overall, Kalil agreed that supply PRESIDENT Rance Crain garage for its loft apartment resi- SECRETARY Merrilee Crain hourly rates. Monthly parking at It has about 100 now. The going outweighed demand downtown, dents who use a connecting tunnel. TREASURER Mary Kay Crain the Cobo Roof garage costs $75; the monthly rate is $125, but it com- but said prospects will depend on Greektown Casino L.L.C. is seeking Executive Vice President/Operations Premier garage costs double that. petes with the low rate of $50 at the success luring office tenants and a William A. Morrow city approval for its plan to replace Both are city-owned. There are pri- nearby Opera House garage. steady supply of new residents. Group Vice President/Technology, the Foster-Winter Garage on Mon- Manufacturing, Circulation vate garages that cost up to $280 a “Frankly, I think the rates are Danny Samson, vice president Robert C. Adams roe, which has 1,250 spaces, with a Vice President/Production & Manufacturing month, said Miller. coming down,” Fees said. “There’s of Sterling Group, which owns the 5,300-space garage with their 400- Dave Kamis “The price is directly related to a lot of parking around here.” Guardian Building, said that parking Corporate Director/Circulation room casino hotel on top. It’s part Patrick Sheposh adjacency,” said Weiner. “We’re a Brian Pastoria, co-owner of Har- is always an important factor in of their permanent casino plan. G.D. Crain Jr. Founder (1885-1973) car town. We don’t like to be incon- monie Park Creative Group, a record- competition for tenants. No matter how much parking is Mrs. G.D. Crain Jr. Chairman (1911-1996) venienced by a two- or three-block ing studio and advertising firm, “The question in any conversa- EDITORIAL & BUSINESS OFFICES: walk.” said his company recently began tion about office space is always built or priced, Miller said another 1155 Gratiot Ave., Detroit MI 48207-2732; obstacle for the industry is percep- (313) 446-6000 Ron Ruffin, director of Detroit’s parking at the Opera House garage amenities and convenience, and Cable address: TWX 248-221-5122 AUTNEW DET tion problems. Parking in Detroit Subscriptions $59 one year, $98 two years. Out Municipal Parking Department, because it was cheaper and less parking is usually one of first of state, $79 one year, $138 for two years. said there are no specific plans for limited by time constraints than a things mentioned,” he said. Most is cheap compared with many big Outside U.S.A., add $48 per year to out-of-state cities, yet “if parking costs $1, it’s rate for surface mail. construction of more city parking surface lot across from the Har- Guardian tenants park at nearby Reprints: For inquiries call the reprints structures, but said the depart- monie Park office. decks or surface lots, he said, and too much for some people.” department at: (800) 494-9051, Ext. 144 , or at [email protected] ment would monitor future devel- Pastoria said there are still not having its own structure has “People just don’t understand CRAIN’S DETROIT BUSINESS ISSN # 0882-1992 opments with the Planning and problems with suburban clients not been detrimental to leasing. the basic principle. There’s a value is published weekly by Crain Communications Inc. to that service to be able to get to at 1155 Gratiot Ave., Detroit MI 48207-2732. Development Department and who come downtown. Meters are Samson said he likes his daily Periodicals postage paid at Detroit, MI and often taken by city vehicles, he walk to the building. your destination and park in a safe additional mailing offices. POSTMASTER: Send Downtown Development Authority. address changes to CRAIN’S DETROIT BUSINESS, City parking rates are generally said. Or, worse, a client parked at a “I pick up a coffee, a newspaper, place.” Circulation Department, P.O. Box 07925, Detroit, MI 48207-9732. GST # 136760444. Printed in lower than the private sector’s, meter may end up with a parking and I’m seeing people. It’s stimulat- Jennette Smith: (313) 446-0414, U.S.A. Ruffin said, “And whenever we try ticket if a meeting runs over. ing, eye-opening, engaging, experi- [email protected] Entire contents copyright 2006 by Crain Communications Inc. All rights reserved. to raise ours as our costs rise, they John Van Bolt, executive direc- ential and I enjoy it,” Samson said. Robert Ankeny: (313) 446-0404, Reproduction or use of editorial content in any seem to raise theirs, too.” tor of the state Attorney Discipline Still, Samson said, the Guardian [email protected] manner without permission is strictly prohibited. DETROIT BUSINESS MAIN 03-27-06 A 26 CDB 3/24/2006 6:11 PM Page 1

Page 26 CRAIN’S DETROIT BUSINESS March 27, 2006

Furniture: Art Engineers: Tier-ones return to SAE CHECK YOUR SUPPLY CHAIN For automotive companies, ■ From Page 1 successfully establishing a presence in China often Last year, Amati said, about 35,900 attended the try and for our engineers it Van offering depends on setting up an show and this year he is expecting attendance will identifies or affirms what we be- effective supply chain. increase by 1 percent or 2 percent. lieve are trends and sheds light That’s one conclusion of a study “We went through a few rough years, but it’s on new technologies.” commissioned by the Original EQ3 line building back,” he said. “I think the signs are Ladd said Siemens decided Equipment Supplier Association good, the direction is right. And I think we are go- against exhibiting on the show ■ From Page 3 and PRTM Management ing to have a great show this year.” floor this year and instead chose Consultants to be presented April for furniture retailers that sell at a similar Even though attendance is down from its peak to be the main sponsor of SAE’s 3 at the 2006 SAE World Congress price point and already are dealing with a and tier-one suppliers aren’t back with major ex- banquet, because it tends to at Cobo Center in Detroit. tough economy, said Gorman’s Furniture Inc. hibits, Amati said the conference now features draw more decision-makers and After several years of rapid owner Bernie Moray. more foreign automotive suppliers and remains the Ladd executives than the show floor. automotive investment in China, “They will do a bang-up job,” Moray pre-eminent place for automotive engineers to dis- This year, Amati said, about not all companies have achieved said of Ikea. “They’ll pull customers from 300 of the more than 700 exhibitors are foreign auto- the kind of cost savings they cuss automotive technological advancements. This had hoped for, said Dave a long distance.” motive suppliers, up from 250 last year. Amati also year, Amati said, engineers will present 1,517 peer- Andrea, vice president of Morrisroe said Ikea is one of many com- reviewed technical papers never before published. said the number of exhibitors will be nearly the business development for petitors, and was not Art Van’s motiva- “Obviously we are not back at the show at the same as last year. OESA. tion to begin selling EQ3. magnitude that we were involved in six years ago,” For John Carroll, executive director of the De- “The one big thing it always However, John Paniccia, general man- said Andrea Puchalsky, Lear’s director of corpo- troit Regional Economic Partnership, the increased comes back to is the localized ager of Holly-based House of Denmark, said rate communications. “But we decided to have a presence of foreign automotive suppliers gives his supply chain,” Andrea said of Ikea was one reason his company began presence there this year on a much more scaled- chamber an opportunity to meet and attempt to automotive investment in China. selling EQ3 in its Port Huron store a few down basis, and I think we are headed to the same recruit more companies to Michigan. “If you are not able to localize a months ago and believes it probably en- level of commitment next year.” Carroll said the public-private partnership has lot of the input materials, you are going to face cost issues.” couraged Art Van to do the same. Puchalsky said it also helps that BMW Group is this cut back on the trade shows it attends with full ex- “I’m sure that had to be part of their year’s host sponsor. BMW is Lear’s fourth-largest hibits but continues to have a presence at SAE with Andrea said the study includes thoughts,” Paniccia said. “Ikea’s going to a 20-foot-by-20-foot booth. findings from interviews and customer in the U.S. and second-largest in Europe. surveys from more than 50 be more of an issue for them than someone “We’re (at SAE) because it’s our home and we Other tier-one suppliers who will have exhibit automotive supplier executives like us.” space in the supplier park are Behr America Inc., think we need to get the name of the partnership about their China experiences. House of Denmark opened a 14,000- out to the local community as well as to other Benteler Automotive Corp., Continental Teves Inc., We- Speakers at the seminar will square-foot showroom dedicated to the en- basto Roof Systems Inc. and Yazaki North America Inc. prospects,” Carroll said. include Mark Hogan, president, tire EQ3 product line in December. Sales Troy-based Behr America announced in January Richard Feltrin, president of Sterling Heights- Magna International Inc.; Jack of EQ3 have done well enough that House its return to SAE after a four-year absence and said based Prototype Systems Inc., which makes modular Perkowski, CEO and executive of Denmark is considering whether ex- it plans to exhibit a range of climate-control and en- tooling systems, also sees the growth of foreign au- vice president, ASIMCO panding its showroom and possibly open gine-cooling products. Behr said its return was tomakers and suppliers as an opportunity. International Technologies Inc.; other galleries in its Lansing and Tra- prompted by the OEM/Supplier Park and the par- Feltrin, whose company has about $14 million in and Aaron Schwass, director of verse City stores, Paniccia said. He did not annual sales, said exhibiting at a trade show is purchasing, Bendix Commercial ticipation of BMW, General Motors Corp., Ford Motor Vehicle Systems L.L.C. release sales figures for House of Den- Co., DaimlerChrysler AG and Toyota Motor Corp. hard to justify. He said he will spend about $2,400 to mark or its EQ3 gallery. rent a 200-square-foot spot and will wind up spend- This is the sixth year that OESA David Ladd, director of North American commu- has held a seminar in The company also is encouraged by nications for Siemens VDO Automotive Corp., said ing more than $100,000 when the cost of his display, conjunction with SAE’s annual EQ3’s assertion that its sales-per-square- SAE is most valuable for engineers seeking to stay marketing materials and signs are included. convention. However, those who foot tend to be higher in markets where it abreast of automotive innovation. “The only justification of that is if it results in a want to attend the event must competes directly with Ikea, such as “Our engineers go to SAE for one reason, and customer,” Feltrin said. register through OESA. Chicago and Toronto. that’s to attend the technology sessions,” Ladd Brent Snavely: (313) 446-0405, bsnavely@ — Brent Snavely Ikea raises awareness about European said. “That’s the lifeblood of the automotive indus- crain.com contemporary design, which benefits EQ3 sales, said Tim Lucas, sales representative for EQ3 in Michigan. He did not release financials for EQ3 or its stores. “Trends are changing and contemporary furniture as a whole is growing in the Oracle: Firm to focus on ‘underserved niche’ marketplace,” Lucas said. ■ From Page 1 Lucas said EQ3 galleries also tend to draw in customers who want affordable, The firm had been renting space in the nority-owned firms typically rely on bank Everyone has to have a focus, or a niche. contemporary furnishings but are turned Penobscot Building while it looked for per- loans and investments from friends and fami- “This industry is very collaborative. We off by the size of Ikea stores or who want to manent headquarters. ly, rather than exchanging equity for capital. look forward to partnering with them one buy furniture that’s already assembled, According to Larry Eiler, whose Ann Ar- “We’re looking for established businesses day in a deal involving a minority who hap- unlike Ikea furniture that needs assembly. bor-based Eiler Communications handles pub- whose growth has been constrained by a pens to be in health care.” EQ3 has 13 free-standing stores in the lic relations for the Michigan Venture Capital lack of finances,” said Morris. “They want In 2003, Bates and William Bradford of United States, including one in Grand Association, Oracle is the first VC firm in the to take it to the next level, and we want to the University of Washington co-authored a re- Rapids, and 176 galleries inside indepen- state targeting minority-owned companies. help them.” port on VC investments in minority-owned dent retailers such as Art Van. Aside from According to Timothy Bates, an economics He said their investment range will be $1 firms for the Missouri-based Kauffman Foun- competing with Ikea, gallery retailers of- professor at Wayne State University, there are million to $5 million, with an average of dation. It showed that: ten see EQ3 as an opportunity to reach a about 40 VC companies nationwide that tar- about $2.5 million. ■ The 117 investments in minority-owned different demographic, Lucas said. get minority-owned firms. Some of them are “I think it’s an excellent business model. companies by those firms had an annual rate “They see EQ3 as a way to gain a new cus- Hispania Capital Partners L.L.C. and Inroads There’s a strong need by the minority- of return of just over 20 percent, compared tomer base, one that normally wouldn’t Capital Partners, both in Illinois, and New owned business community to have access with 17 percent for the Standard & Poor’s 500. shop in their stores,” Lucas said. Vista Capital of California. to capital beyond bank debt,” said Douglass ■ The minority-owned companies that re- Joseph Roth, director of public affairs “Minorities are an underserved niche,” Diggs, Detroit’s director of planning and de- ceived money were in a wide range of indus- for Ikea in the United States, said a pat- said Morris, formerly an investment velopment and a member of the state’s Ven- tries, while typical VC investment was pre- tern of strategies usually can be seen banker with UBS Warburg. He said of the $200 ture Michigan Fund, which is raising what it dominantly in high tech. That eased among retailers in markets where Ikea billion to $250 billion of venture capital in- hopes will be $150 million to invest in the volatility. The minority companies, for ex- stores are expected to open. That includes vested in U.S. firms, only $4 billion to $5 bil- state’s venture-capital companies. ample, better weathered the dot-com bust. promoting furniture designs which have a lion are in minority-owned firms. Diggs said it was premature to speculate “At first, profit-oriented sources equated Scandinavian look to them — clean lines Other co-founders are Darrin Eaton, a on whether or not Oracle Capital might be minority-oriented funds with social invest- and light woods — as well as an increase former Detroit Lion who was a co-founder funded by the state fund but said, “There are ing and shied away,” said Bradford in a re- in advertising, sales and financing promo- of Detroit-based Woodward Capital Partners, a parallels between what the state is doing and lease that accompanied the study. “But as tions before and after Ikea grand open- money-management firm, and Iva Funder- what Oracle Partners are word spreads that these are lucrative in- ings. burg, also a co-founder of Woodward Capi- doing. One of the goals is vestments, this should change.” On average, Ikea’s 22 U.S. stores each tal Partners. Managing director Henry to invest in minority- Bates said in an interview last week that generated about $90.9 million in sales in Brandon, a former principal in William E. Si- owned businesses in the investments in minority firms should in- 2005, and Canton is expected to be on par mons and Sons L.L.C., a $500 million invest- state.” crease dramatically in coming years. with those figures, Roth said. Although ment firm in New Jersey, is the fourth Rajesh Kothari, man- “We’re in a historically unprecedented other retailers find ways to compete with member of the management team. aging director of Birm- era,” said Bates. “There are literally thou- Ikea, Roth said Ikea still succeeds because Eaton said that unlike traditional ven- ingham-based Seneca sands of African-American and Latino MBAs it sells about 10,000 items with a wide vari- ture capital firms, which invest in early- Partners, a VC firm whose in middle-level management of major corpo- ety of style groupings in each store. stage companies and often help them find $14 million fund targets rations who want to set up their own firms. “Ikea succeeds despite who’s in the mar- management teams, Oracle will typically health care companies, They’ll be setting up million-dollar ventures, Kothari ket or who isn’t in the market,” Roth said. invest in established companies with good said, “There is a tremen- using their expertise and coming into the “It’s such a unique offering with a unique leadership in place. dous need for more growth capital in the marketplace in increasing numbers. And shopping experience.” “Our sweet spot is the small- to middle- state of Michigan, period. Minority, non-mi- that will drive minority venture capital.” Sheena Harrison: (313) 446-0325, market company where venture capital has nority, it doesn’t matter. They have a viable Tom Henderson: (248) 446-0337, [email protected] never been an option,” he said. He said mi- business model. We focus on health care. [email protected] DETROIT BUSINESS MAIN 03-27-06 A 27 CDB 3/24/2006 6:33 PM Page 1

March 27, 2006 CRAIN’S DETROIT BUSINESS Page 27 RUMBLINGS WEEK IN REVIEW FROM WWW.CRAINSDETROIT.COM, MARCH 18-24

are $50. Call (248) 209-2325 public hearing notice for re- dent of business develop- for details. PSC to Edison: zoning of Greektown Casi- ment and chief marketing of- Rock takes no properties scheduled for fice at Hospice of Michigan. He Hannity’s fans throng April 6. had been director of busi- Show why you The proposal replaces an ness development for Home WJR AM 760 brought con- earlier plan, which had the and Hospice Advantage in look at rolling servative syndicated talker casino building its hotel at Milwaukee. Larkin replaces Sean Hannity to the Detroit shouldn’t Monroe and I-375 on proper- Gregory Grabowski who left Marriott Renaissance Cen- ty owned by Annunciation to take a position with the ter Wednesday to help pro- cut rates Greek Orthodox Cathedral. National Hospice and Pallia- to Detroit mote the commentator’s Greektown officials said a tive Care Organization. new afternoon time slot. tentative agreement fell About 700 fans whose po- he Michigan Public through. RIEFLY wo recent newspaper Supreme Court justice, for- litical stripes were clearly Service Commission on The city-owned parking B accounts suggest Rock mer Detroit mayor, former audible paid $40 a ticket. T Thursday issued an garage and an adjoining ■ Moody’s Investors Service T Financial is consider- president of the American “Are you ready to be order directing Detroit Edi- apartment building on the on Monday lowered South- ing a move from Livonia to Bar Association and the State Hannitized?” morning host son Co. to demonstrate why service drive are to be de- field-based Lear Corp.’s debt downtown Detroit. Last Bar of Michigan, considered Paul W. Smith asked the its retail electric rates molished and replaced by ratings further into junk week, Crain’s also learned the epitome of civility. crowd. “I am followed by should not be reduced, cit- the casino’s 5,300-space status, from a speculative- Rock may be conducting fo- Also Paul Hillegonds, cur- the greatest line-up in talk ing as reasons the return of garage topped by the hotel. grade liquidity rating of 2 to cus groups with Compuware rent DTE Energy Co. execu- radio,” Smith continued. customers previously with Greektown’s request for ap- a rating of 3, because of its Corp. employees to evaluate tive, former president of De- “Frank Beckmann.” (Cheers). other energy providers proval of the garage is ex- modest cash flow and large the impact of their 2003 troit Renaissance Inc. and “Rush Limbaugh.” (Cheers). along with workforce re- pected to go before the City debt obligations. move from Farmington ex-state lawmaker, viewed “Mitch Albom.” (A round of ductions and efficiency im- Council this week. ■ Detroit-based Little Cae- Hills to the company’s as a moderate gentleman. boos).” provements. Roger Martin, media and sar Enterprises Inc. said it downtown headquarters. Too, there is State Sen. On Jan. 9, WJR moved The commission has set a public-affairs consultant for plans to add hundreds of In an e-mail response to Valde Garcia, R-Howell, and Hannity’s show from prehearing conference for the casino, said new con- franchisees over the next Crain’s query last week, a supporter of bipartisan evenings to a 3-5 p.m. slot. April 25. Detroit Edison has struction, which includes several years and hundreds Elizabeth Jones, Rock Finan- cooperation. And there’s That move bumped Al- a June 16 deadline to file tes- the hotel and garage, plus of stores worldwide in 2006. cial’s vice president of com- Geoffrey Fieger, bombastic bom’s more liberal talk timony and exhibits show- addition of restaurants, ■ Auburn Hills-based munications, seemed to trial lawyer and former show to 5 to 7 p.m. ing cause why its retail elec- shops, a 1,200-seat auditori- United Solar Ovonic L.L.C. give a roundabout confir- candidate for governor. Michael Fezzey, WJR’s tric rates should not be um and expansion of the plans to build a $129 million mation: “We have nearly What? Who? president and general man- reduced. Reply briefs are ex- gambling space from 75,000 solar-cell manufacturing four years remaining on Sometimes called “the ager, said Hannity received pected to be filed by Nov. 13. square feet to 100,000 plant in Greenville, north- the lease of our company’s Mouth that Roars,” person- no appearance fees. The ap- square feet, will cost about east of Grand Rapids, the current headquarters space al-injury plaintiff lawyer pearance followed a live $200 million. Michigan Economic Develop- in Livonia,” she wrote. “We Fieger is no doubt the coun- Henry Ford Hospital plans broadcast in WJR’s studio ment Corp. said. anticipate the need for a terpoint to the discussion. in the RenCen Wintergar- $300M in renovations ■ The state Senate on larger facility by the time Linda Start, executive di- den. Blouse to retire this year Henry Ford Health System Wednesday voted to end the this lease expires. We are rector of the Michigan Center Despite WJR’s current Richard Blouse, president plans to spend more than single-business tax Dec. 31, considering a number of for Civic Education, one spon- lineup, Fezzey said: “It’s and CEO of the Detroit Re- $300 million in the next 2007, The Detroit News re- possible locations and go- sor of the event, said Fieger not a decision in my office gional Chamber five years to renovate ported. The state House had ing deep in our research to was invited because he to say, ‘Hey, let’s do conser- for the past 11 and expand Henry Ford passed a similar bill; Gov. ensure we fully understand might be expected to ad- vative radio. WJR from day years, an- Hospital in Detroit. Jennifer Granholm has said the impact of each possible dress “why you can’t al- one has always been driven nounced location on our culture and Among the projects: she will veto the measure. ways maintain civility in by the relationship our in- Thursday that ■ The Detroit City Council our employees.” government.” dividual personalities … $100 million for renova- he will retire Friday’s Detroit Free tions and replacements, has approved by a 7-1 vote Admission is free. The have with (their) communi- this year after an immediate transfer of Press quoted Peter panel starts at 6 p.m. in the ties. … That’s the secret of including new patient the chamber Karmanos, Compuware’s beds and X-ray ma- operations for the Detroit Michigan Historical Center & talk radio. It is a relation- has named a Historical Museums to the De- chair- Museum in Lansing. Tickets ship the listener has with chines; $50 million for replacement. man and infrastructure, includ- troit Historical Society. to a post-panel reception the air talent.” Blouse, 61, ■ Blouse State unemployment CEO, as ing an emergency power said in a re- saying he system upgrade; and $40 rose to 6.6 percent in Febru- lease that he would move to ary, up from 6.2 percent in has tried Web of words million to upgrade its elec- a job in the private sector to per- tronic medical record sys- January. but was not more specific. ■ suade tem. The Wayne County Air- So, who runs Detroit? Chamber board Chair- port Authority Board ap- Dan Henry Ford plans to man Cynthia Pasky, CEO of Gilbert, Last week, we tried you to the expanded spend $35 million to build a proved an expansion of to show you the online version of the Strategic Staffing Solutions Rock’s two-story addition to the plans for the new north ter- most connected section you read in Inc.; and the chamber’s se- chair- minal, approving an addi- Gilbert people in last week’s issue. West Pavilion of the hospi- lection-committee chairman, to tal, which will house 80 new tional $2.5 million for items Southeast After you’ve taken a man, Gail Torreano, president move his headquarters and that include immigration Michigan, using look, send us your private patient rooms. The of AT&T Michigan, are assem- 3,500 employees downtown. software to create plans also include expand- booths and an additional thoughts. From the bling a search committee to baggage carousel, the De- The Detroit News on what we in the home page, you can ing the emergency room, work with Dennis Archer, March 17 quoted Gilbert: newsroom were the intensive-care unit and troit Free Press reported. click where it says chairman of Dickinson Wright ■ “We are considering and calling “spider “Click here to submit the operating rooms. Mt. Clemens General Hos- charts.” Hence the P.L.L.C., who becomes cham- examining Detroit as a your feedback.” President and CEO Nan- pital said it intends to pur- resulting pun: “web ber chairman July 1. place for our headquarters. Bob Allen Also, you can e-mail cy Schlichting said the up- sue a merger with Flint- of influence.” Web General Manager It’s something that’s attrac- directly to grades are needed to accom- based McLaren Health Care tive and would be good for Now that we’ve had our say, [email protected]. So Channel 20 signs with Corp. it’s your turn to exert your modate a growing number everybody. I love Detroit. give us your thoughts about influence on our list of of patients: Hospital admis- MyNetwork TV The first concern is making this project and the people sions grew 13.4 percent BITUARIES influence. who you think should be O sure our people are on from 2003 to 2005. New York City-based Who do you think should help heard from. ■ Sabrina Black, former board with it and under- run the region? Who can Money for the projects Granite Broadcasting Corp. Besides sports reporter for WDFN stand it.” break through the barriers Buying lists online: will come from hospital said three of its stations, in- the online salary survey, you AM 1130, died of complica- that have made Southeast profits and donations. cluding WDWB-TV Channel Michigan one of the most can buy and download any of 20, will join MyNetwork TV tions from cancer March 20. Maybe Simon from Balkanized regions in the our Crain’s lists as an Excel being launched in Septem- She was 35. spreadsheet. Start by clicking ‘American Idol’ was busy country? Time is wasting; Greektown Casino wants ber by Rupert Murdoch’s ■ Thaddeus Hadden, for- we’re competing with other “Crain’s Lists” at the top of mer vice president and gen- our home page. Many of our News Corp. Who’d be a good panelist parts of the country and the to build hotel atop garage eral manager of the Detroit to discuss “civility in gov- world that have their act online lists have more companies and fields of Greektown Casino L.L.C. N THE MOVE office of the Sawyer, Fergu- ernment?” That’s what together. Isn’t it time we get plans to build its 20-story, O son and Walker advertising ours ready for prime time? information than their print Michigan first gentleman 400-room hotel atop the 13- ■ Paul Gjerpen to general firm, died of a heart attack If you haven’t already, visit versions. Dan Mulhern considered story parking garage pro- manager, Hilton Garden Inn, March 17. He was 85. and — Bob Allen’s Business when asked to moderate www.crainsdetroit.com ■ click where it says “Who Runs Casual column arrives daily in posed to replace the city’s Detroit, from director of ho- Raymond Madigan, who such a gathering in Lans- Detroit?” It’s right above the the Crain’s Detroit Business Foster-Winter garage on tel operations, Kalahari had owned the Century Nov- ing on April 27. Breaking News section of the e-mail alert. E-mail him at Monroe Street. Waterpark Resort, San- elty Co. in Livonia, died of Well, for one, there’s Den- home page. Clicking takes [email protected]. The plan is included in a dusky, Ohio. complications from dia- nis Archer, former state city Planning Commission ■ Steve Larkin to vice presi- betes March 1. He was 82. DBpageAD.qxd 9/27/2005 10:22 AM Page 1

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