DETROIT BUSINESS MAIN 04-24-06 a 1 CDB 4/21/2006 7:06 PM Page 1

DETROIT BUSINESS MAIN 04-24-06 A 1 CDB 4/21/2006 7:06 PM Page 1

This issue in two sections (section 1) Vol. 22, No. 17 APRIL 24 – 30, 2006 $1.50 a copy; $59 a year

©Entire contents copyright 2006 by Crain Communications Inc. All rights reserved THIS JUST IN A. Alfred Taubman wanted to do a little Ex-Mayor Archer to start something to honor Judge Damon Keith, his Schostak: human-resources company Former Detroit Mayor Dennis Archer will launch friend of 25 years. So he gave Wayne State a new company this week. The Diversity Network, a for-profit human-resources University $3M for a new law school building. company, will use the Web Future is next to match employers with a pool of job candidates from diverse ethnic, racial and gender backgrounds. Archer plans a Wednes- day press conference at the Detroit Regional Chamber in Detroit to announce details to Wal-Mart of the new company. Archer is chairman-elect of the chamber and chairman of Detroit-based law Spends $125M for strip centers firm Dickinson Wright P.L.L.C. He will serve as chairman BY SHEENA HARRISON sition to grow with it. and CEO of the new Harper MARY JANE MURAWKA CRAIN’S DETROIT BUSINESS INSIDE “We like being with Woods-based company. Al Taubman and Damon Keith have been friends for so long neither the dominant retail- Archer said his new post is remembers how they met. Schostak Bros. & Co. Inc. has left Deal with ers,” Schostak co- the regional mall business and Schostak “absolutely blessed” by has Olga’s President Robert Dickinson Wright. spent about $125 million acquiring Kitchen Schostak said. Diversity Network will a portfolio of retail-strip centers in poised for Additionally, up to offer Web-based recruiting an effort to diversify its holdings growth, $25 million has been and career resources. and expand its business. Page 7. spent in the last 18 Its board of directors in- Friends of The company spent $100.5 mil- months on three re- cludes Henry Cisneros, for- lion in March to acquire a portfo- tail centers in Sarasota, Fla., Des mer four-term San Antonio lio of 28 strip centers in 12 states, Moines, Iowa, and metropolitan mayor and secretary of the including Colorado, Iowa and Ok- Pittsburgh. Each of the centers is U.S. Department of Housing lahoma. Each shares a parking lot the dominant shopping destina- and Urban Development; with new Wal-Mart superstores. tion in its region with the ability to Matthew Cullen, general the court As Wal-Mart Stores Inc. continues draw shoppers from as far as 50 manager of the economic to grow, Schostak expects that miles away, Schostak said. development and enter- BY SHERRI BEGIN these new centers will put the prise services group at Gen- CRAIN’S DETROIT BUSINESS Southfield-based company in a po- See Schostak, Page 20 eral Motors; Rick Inatome, t a gathering late last week at the Wayne State founder of the former University Law School, U.S. 6th Circuit Judge Damon Michigan-based Inacomp Keith stepped forward, hand extended. Computer Centers, who is “Hi, I’m Al Taubman,” he said, reaching for his CEO for Florida-based Infi- wallet to flash as many bills as possible. Law Inc. and managing di- A He turned and grinned at A. Alfred Taubman. The founder America’s Charities to rector of Baltimore-based and former chairman of Bloomfield Hills-based Taubman Centers private-equity fund Sterling Inc. stood nearby, shaking his head. Partners; Florine Mark, presi- The longtime friends joined to celebrate the $3 million gift dent and CEO of the Farm- Taubman made for a new law school building in honor of Keith. ington Hills-based WW recruit area nonprofits Taubman’s gift will help fund construction of the Damon J. Group Inc. a franchisee of Keith Center for Civil Rights, a multistory building that will Weight Watchers Internation- replace a one-story classroom building next to the main law Museum of African American History, al; and John Barth, chairman BY SHERRI BEGIN school on the university’s Detroit campus at a cost of at least Special Olympics of Michigan and and CEO of Johnson Controls. CRAIN’S DETROIT BUSINESS $7.5 million. Arts League of Michigan. Archer’s son, Vincent, is The new center will house classrooms, offices, meeting areas, United Way agencies in South- a vice president. Jonathan America’s Charities has invited an auditorium, the Damon J. Keith Law Collection of African- east Michigan may have some Ahlbrand is COO. other nonprofits and hundreds of American Legal History, the “Saluting a Giant” exhibit, which workplace campaign competition. Companies already area employers to a Tuesday night showcases Keith’s law career, as well as the “Marching Toward Chantilly, Va.-based America’s event at the Charles H. Wright Mu- signed on as recruiting th Justice” traveling exhibit, which traces the history of the 14 Charities is coming to town this seum of African American History. partners include Coca-Cola, Amendment. week to recruit new nonprofit affil- The new group is appealing to General Motors Corp. and De- Taubman’s gift also will fund the Damon J. Keith iates and new employers for its area nonprofits that are not among loitte & Touche L.L.P. Distinguished Chair in Constitutional and Civil Rights Law. workplace giving campaigns. the 130 nonprofits currently re- The network’s Web site is “I believe in the idea of recognizing civil rights,” said It already has signed a dozen ceiving funds from United Way for www.thediversitynet Taubman, 82. “(And) I think it’s wonderful to have Judge Keith Southeastern Michigan’s annual work.com. For more infor- in this community. This is recognition of what he’s doing for area nonprofit affiliates, includ- mation, call (248) 366-0388. this community and for his country.” ing: the Guidance Center, Torch Drive campaign. — Tom Henderson Warren/Conner Development Coali- “It’s almost impossible right See Keith, Page 20 tion, the Mexicantown Community De- now to become a United Way mem- See This Just In, Page 2 velopment Corp., Charles H. Wright See Charities, Page 19

Celebrate small CRAIN’S LISTS business, Section Largest marketing companies, Page 13

NEWSPAPER starts after Page 12 Largest restaurant chains, Page 14 DETROIT BUSINESS MAIN 04-24-06 A 2 CDB 4/21/2006 6:17 PM Page 1

Page 2 CRAIN’S DETROIT BUSINESS April 24, 2006

was sold to a group of Seattle in- tional chains such as Panera years and most recently had pri- uating from Denison University. THIS JUST IN vestors who are considering op- Bread and Caribou Coffee for the mary responsibility for Ford le- AutoWeek has 275,000 sub- tions for the property, said site. Restaurant franchise Classic gal affairs in Asia, Africa, Latin scribers. The newsweekly covers ■ From Page 1 Dwight Belyue, broker-owner of Chicken has signed on as a tenant, America, Canada, the Middle motor sports, new vehicles and Detroit-based Belmar Development he said. The other brokerage on East and Russia. automotive trends. Group who represented the buy- the DeBartolo deal was Farbman — Robert Ankeny Commerce Twp. company AutoWeek, Automotive News ers. One possibility is to convert Group. and Crain’s Detroit Business are all wins $133M in patent suits the upper floors to lofts and leave The long-vacant site was the Keith Crain Jr. named published by Detroit-based Crain A Commerce Township-based the lower floors as office space, site of Doctors Hospital, closed and company was awarded $133 mil- but Belyue said the group won’t demolished in the mid-1990s. ad director at AutoWeek Communications. lion by a Texas jury that ruled have a plan for a couple of — Jennette Smith Keith “KC” Crain Jr. has been Wednesday in its favor in a law- months. named advertising director for Granholm, Epolito plan Asia suit filed against Redmond, Terms were not disclosed, but Wash.-based Microsoft Corp. and the asking price was $2.9 million, NOMC names new CEO AutoWeek, a De- trips to woo investment troit-based na- another software company. said Brent Beshears, vice presi- North Oakland Medical Centers in Gov. Jennifer Granholm and Z4 Technologies Inc. filed suit in tional con- dent for Colliers International who Pontiac has named John Graham state economic-development U.S. District Court in Texas on sumer represented the Federal Reserve president and CEO effective at chief Jim Epolito are planning to Sept. 22, 2004, claiming Microsoft publication for Bank in the deal that closed earli- the end of May. travel to Asia next month to woo and San Rafael, Calif.-based Au- auto enthusi- er this month. Graham succeeds Robert business investment. todesk Inc. were infringing on two The 177,000-square-foot build- Davis, 66, who is retiring after 10 asts. patents. The products in question Crain, 26, of The governor will be in Japan ing was built in 1926 with an addi- years as CEO and more than 30 were Microsoft’s Office and Win- Birmingham, the week of May 15. Epolito, pres- tion in 1950, according to CoStar years with the organization. dows XP and Autodesk’s Auto- joined Au- ident and CEO of the Michigan Group. Graham, 55, has served in vari- Cad programs. Crain toWeek as an ac- Economic Development Corp., will — Jennette Smith ous administrative positions at Microsoft was ordered to pay count executive in sales last July. be in Japan for part of that week William Beaumont Hospitals for the $115 million and AutoDesk $18 He had previously worked as a re- and will then go to Korea. On million. New Staples coming to Detroit past 19 years. Most recently he porter for Automotive News and in May 19, he’ll go to China for a The two patents were related to was vice president of operations week. DeBartolo Development broke the Crain Communications Inc.’s methods of securing software to at the Royal Oak site. ground on a new Staples store and new-media department since grad- — Amy Lane reduce unauthorized use and de- — Sherri Begin crease software piracy. additional multitenant retail in Z4, privately owned by David downtown Detroit. CORRECTIONS The Tampa, Fla.-based develop- Dykema adds new leader Colvin, was represented by ■ A photo on Page E-3 in this issue is incorrectly identified as L. Southfield-based Brooks Kushman er is building a 14,000-square-foot for international practice Staples store and a 10,850-square- David Sykes, CEO of Mobius Microsystems Inc. of Detroit. The photo P.C. is actually of Michael McCorquodale, chief technology officer and foot multitenant retail building Richard Goetz, former associ- — Andrew Dietderich founder of Mobius Microsystems. on 2.5 acres at 2730 E. Jefferson ate general counsel-international ■ On the April 17 list of largest residential brokers, the number of Ave. at Jos. Campau Avenue for Ford Motor Co., joined Dykema licensed brokers and registered sales representatives for No. 23 Ex-Federal Reserve Bank sold Gossett P.L.L.C. last Thursday to The value of the project is Re/Max Alliance should have been 38. head its international practice The former location of the De- about $6 million to $7 million, ■ The Web site listed in the 20 in their 20s profile of Matthew group. troit branch of the Federal Reserve said Chuck Mady Sr., CEO of Ex- Clayson in the April 17 issue was incorrect. The correct address is Bank of Chicago has been sold. clusive Realty Inc. in Detroit. Mady Goetz, 63, of Grosse Pointe, has www.theworldiscoming.com. The 160 W. Fort St. Building said his company is courting na- been with Ford for more than 30

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April 24, 2006 CRAIN’S DETROIT BUSINESS Page 3 CRAIN’S The wireless wonderland INDEX

and Detroit Metropolitan Airport. Boom in projects a boon for Internet providers Add health care providers, manu- facturers and educational institu- BY ANDREW DIETDERICH establish and tions L.L.C. in Troy by the end of tions to the list of those setting up CRAIN’S DETROIT BUSINESS maintain the net- April; it will go countywide by the wireless networks and it becomes work blanketing end of 2007. clear why more than 40 companies Just two years ago, Wireless Wash- all 720 square Other communities are taking on are jockeying to provide wireless tenaw would’ve been nothing more miles of the coun- their own wireless projects, includ- service to Southeast Michigan. TV signal: National than a pie-in-the-sky idea with few ty with wireless ing Sylvan Lake and Mt. Clemens. In “There have been a lot more compa- interests protest AT&T companies able to provide the filling. Internet services. his State of the City address March nies in the marketplace and the tech- video franchise. Page 6. Not today, said James McFarlane, Deployment could 14, Detroit Mayor Kwame Kilpatrick nology is constantly evolving,” Mc- Comerica fall: Analyst project manager for Wireless Wash- happen as soon as said the entire city will have wire- Farlane said. “(Wireless says bank still strong tenaw. the end of May. less access by Jan. 1, 2008. despite big one-day Washtenaw) would have been very share decline. Page 4. Wireless Washtenaw plans to an- Wireless Oak- And the April 5 issue of PC Maga- McFarlane difficult to undertake two or three nounce Thursday what communities land plans to zine cites a growing number of wire- Bankruptcy law: Ford, years ago.” UAW launch several will be pilots and what company will launch its first pilot programs with less hot spots in and around Detroit, efforts to change rules be the lead technology-provider to Pontiac-based MichTel Communica- including many hotels, restaurants See Wireless, Page 21 amid spate of supplier filings. Page 18.

These organizations appear in this A FISH (AND STEAK) STORY week’s Crain’s Detroit Business: Customers 20/20 Communications ...... 21 Cameron Mitchell Restaurants 21st Century Jobs Fund ...... 6 L.L.C. plans to open its fifth America’s Charities ...... 1 American Axle & Manufacturing . . . 10 Michigan restaurant in August Arts League of Michigan ...... 1 with several more expected to AT&T Inc...... 6 follow. return to Azure Wireless ...... 21 Barden Cos. Inc...... 10 Now open: Barry M. Klein Realty Enterprises . . 20 ■ Mitchell’s Fish Market, Clover Technologies ...... 21 Colliers International ...... 20 Lansing, 2000. Comerica Inc...... 4 ■ home utilities Mitchell’s Fish Market, Constellation Energy Group ...... 3 Birmingham, 2003. Constellation NewEnergy ...... 3 Consumers Energy Co...... 21 ■ Cameron’s Steakhouse, Dana Corp...... 18 Birmingham, August 2004. Delphi Corp...... 18 as savings fall Detroit Edison Co...... 3 ■ Mitchell’s Fish Market, Detroit Metropolitan Airport ...... 3 Livonia, February 2005. DTE Energy Co...... 21 BY AMY LANE Everyware Inc...... 21 Planned: Fairlane Town Center ...... 7 CAPITOL CORRESPONDENT ■ Mitchell’s Fish Market, Farbman Brother Enterprises . . . . . 19 Rochester Hills, August. Farbman Group ...... 19 LANSING — When it could provide Ford Motor Co...... 18 ■ Cameron’s Steakhouse, potential electricity savings of as General Motors Corp...... 20 Northville or Livonia, 2008. Griffin Properties ...... 7, 19 much as 30 percent, Quest Energy L.L.C. Guidance Center ...... 1 ■ Rusty Bucket, company is could make an enticing offer to woo Insite Commercial Group ...... 20 looking for up to six sites in customers from Michigan utility com- J.P. Morgan Chase Bank N.A...... 10 Michigan for the casual-dining Johnson Controls Inc...... 20 panies. Junior Achievement of SE Michigan 10 restaurant. Each requires But it and other alternative suppli- Karoub Associates ...... 6 about 4,500 square feet. ers in the state’s electric-choice pro- Kelley Cawthorne ...... 6 Sources: www.cameronmitchell.com, Kruse & Muer ...... 19 gram have seen the savings they can Livingston United Way ...... 19 Crain’s archives. offer shrivel and their customers de- Lormax Stern Development Co. . . . . 20 Mexicantown CDC ...... 1, 18 Cameron Mitchell (left) will be part. High wholesale electricity prices Michigan Cable Telecom Association 6 in town Tuesday to tour about and regulatory changes sought by Michigan Municipal League ...... 6 six sites for a restaurant brand utilities through the Michigan Public Michigan PSC ...... 3 MichTel Communications ...... 3 he co-owns and manages Service Commission have made it less Mitchell Restaurants ...... 3 called the Rusty Bucket. attractive for customers to choose al- MSX International ...... 10 Mtchell Restaurants will open ternative suppliers. Muchmore Harrington Smalley . . . . . 6 Northland Center ...... 7 a Mitchell’s Fish Market “Our ability to offer savings to cus- locally in August, and has Olga’s Kitchen ...... 7, 20 tomers right now, it’s not there. The Plante & Moran P.L.L.C...... 18 plans for a Cameron’s combination of changes from the PSC Quest Energy L.L.C...... 3 Steakhouse in the area by Real Estate Interests Group Inc. . . . 20 2008. and high wholesale prices has eradi- RF Connect L.L.C...... 21 PHOTO COURTESY OF MITCHELL RESTAURANTS L.L.C. cated savings,” said Mark Stiers, COO Schostak Bros. & Co. Inc...... 1 Schostak-Fisher Group ...... 20 of Ann Arbor-based Quest, a sub- Special Olympics of Michigan ...... 1 sidiary of Green Bay, Wis.-based WPS Taubman Centers Inc...... 19 Resources Corp. (NYSE: WPS) Team Schostak Family Restaurants 7, 20 Thompson Foundation ...... 10 Now, a selling feature for Quest and United Auto Workers ...... 18 other suppliers is price stability and United Way for SE Michigan ...... 1 University of Detroit Mercy ...... 19 Casting its net budget certainty: Signing customers to Village of Rochester Hills ...... 3 fixed-price, long-term contracts to safe- Wal-Mart Stores Inc...... 1 Warren/Conner Development ...... 1 previously occupied by Orvis and Harry & David. guard against potential rate changes at Washtenaw United Way ...... 19 Mitchell Restaurants plans fifth Mitchell has also signed a letter of intent to open a their regulated home utility. Wayne State University ...... 1, 20 Cameron’s Steakhouse in the Northville and Livonia “Part of our message to customers Wireless Washtenaw ...... 3 WPS Resources ...... 3 area that may open by 2008, but he declined to reveal is that you may short-term get a bene- Wright Museum ...... 1 state location, hopes for 12 the exact location. fit by going back to the utility compa- Mitchell’s Rochester Hills restaurant will be the ny, but long-term, you’re going to pay BUSINESS DIARY...... 15 BY BRENT SNAVELY company’s fourth Mitchell’s Fish Market in Michigan for it,” said Terry Harvill, vice presi- and the steakhouse would be the second Cameron’s CAPITOL BRIEFINGS ...... 6 CRAIN’S DETROIT BUSINESS dent for regional governmental and CLASSIFIED ADS ...... 16 Steakhouse in metro Detroit. regulatory affairs for Constellation DIVIDENDS ...... 4 Even though Southeast Michigan is viewed nation- Plus, Mitchell will be in town Tuesday to tour about NewEnergy, a subsidiary of Baltimore- EARNINGS...... 4 ally as a slow growth market for restaurants, Cameron a half-dozen sites for a restaurant brand he co-owns based Constellation Energy Group Inc. KEITH CRAIN...... 8 Mitchell sees opportunity here and has quickly be- and manages called Rusty Bucket. LETTERS ...... 8 (NYSE: CEG). come a local culinary force. Rusty Bucket is a cross between a British pub and a MARY KRAMER ...... 9 In 2005, for the first time, the number Mitchell, president and founder of Columbus, Ohio- neighborhood American tavern and features appetiz- OPINION ...... 8 of Michigan electric-choice customers PEOPLE ...... 11 based Mitchell Restaurants L.L.C., plans to open his fifth ers such as deep-fried pickles and chicken fingers. declined from the previous year. Legis- RUMBLINGS ...... 22 Michigan restaurant in August and hopes to eventual- There are also burgers for about $7 and sandwiches from $7 to $13. lation passed in 2000 established the WEEK IN REVIEW...... 22 ly have 12 restaurants in the state. state’s electric-choice program. The August opening is for Mitchell’s Fish Market in “I look at Detroit as becoming our second home market,” Mitchell said. “Our (restaurants) in Columbus do The amount of Detroit Edison Co.’s CALENDAR The Village of Rochester Hills, a shopping center in electric load served by alternative For a list of current Rochester Hills. The newest location will be a 7,300- well, but Columbus is saturated with restaurants and events, visit www.crainsdetroit.com. square-foot, 290-seat restaurant that will occupy space See Mitchell, Page 19 See Electric, Page 21 DETROIT BUSINESS MAIN 04-24-06 A 4 CDB 4/21/2006 6:19 PM Page 1

Page 4 CRAIN’S DETROIT BUSINESS April 24, 2006

FRIEDMAN TAKING STOCK EXCEEDING THE STANDARD OF EXCELLENCE NEWS ABOUT DETROIT AREA PUBLIC COMPANIES Analyst: Comerica still strong

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BY TOM HENDERSON with the online firm Gimme Credit vestors. “They indicated the net- For Further Information on Any Availabilities, Please Call: CRAIN’S DETROIT BUSINESS L.L.C., said competition from loan interest margin would be about 4 markets would continue to pres- percent, and lo and behold, this 248.324.2000 Despite a quarterly earnings re- Exclusive Leasing and Management By: sure Comerica’s loan spreads. “We quarter it fell 20 basis points,” he port Wednesday that caused the would under-weight the Comerica said. biggest one-day decline in its name relative to other large re- Comerica did report increased 34975 W Twelve Mile z Farmington Hills, MI 48331 share price since 2002, Comerica WWW.FRIEDMANREALESTATE.COM Inc. remains on strong footing, gional banks,” she said. earnings per share, up from $1.16 said Jeff Davis, managing director Anthony Davis, an analyst for to $1.18, but analysts said the rea- of FTN Midwest Securities Corp., a Ryan Beck & Co., told the Reuters son was that the bank had bought Cleveland-based institutional re- news service that the drop in Com- back some of its outstanding search firm. erica’s share price was because the shares. Detroit-based Comerica’s share margin decline came as a surprise Tom Henderson: (313) 446-0337, price closed Tuesday at $60.07. It to analysts and institutional in- [email protected] closed Wednesday at $55.93 on volume of 3.2 million shares, down 6.9 percent on about six times the average daily volume for April 6-17. Shares closed Friday at $55.33. Davis said the drop was due to EARNINGS an unexpected decline in the Champion Enterprises Inc. NYSE: CHB †- Restructuring expenses of $25.8 million and bank’s net-interest margin from 4 costs related to its Chapter 11 bankruptcy of $21.1 percent to 3.8 percent, and not be- 1st Quarter April 1 2006 2005 million contributed to Federal-Mogul’s losses. Revenue ...... $346,529,000 $244,275,000 cause net income fell from $199 Net income ...... $13,647,000 $2,651,000 million in the first quarter last Earnings per share: ...... $.18 $.03 Integral Vision Inc. OTC: INVI year to $194 million. He said the 4th Quarter Dec. 31 2005 2004 decline in share price struck him Citizens Banking Corp. Nasdaq: CBCF Revenue ...... $141,000 $748,000 as an overreaction. 1st Quarter March 31 2006 2005 Net income...... ($708,000) ($505,000) Revenue ...... $137,961,000 $121,621,000 Earnings per share: ...... ($.02) ($.03) “Part of it is the market is just Net income ...... $20,756,000 $20,080,000 12 months: very skittish toward Michigan,” Earnings per share: ...... $.48 $.46 Revenue ...... $686,000 $1,542,000 Davis said. “Comerica’s balance Net income ...... ($2,679,000) ($2,459,000) sheet is very well-positioned.” Comerica Inc. NYSE: CMA Earnings per share: ...... ($.11) ($.18) Davis said the bank’s core busi- 1st Quarter March 31 2006 2005 Johnson Controls Inc. NYSE: JCI ness remains strong. The decline Revenue ...... $987,000,000 $817,000,000 Net income ...... $194,000,000 $199,000,000 2nd Quarter March 31 2006 2005 in interest margin was because of Earnings per share: ...... $1.18 $1.16 Revenue ...... $8,167,000,000 $6,899,000,000 the overdue cooling of the housing Net income ...... $165,000,000 $203,000,000 market in California, where Com- Dearborn Bancorp Inc. Nasdaq: DEAR Earnings per share: ...... $.84 $1.04 erica’s Financial Services Divi- 1st Quarter March 31 2006 2005 6 months: Revenue ...... $15,695,000,000$13,517,000,000 sion serves as a banker for title Revenue ...... $12,721,000 $10,293,000 Net income ...... $1,946,000 $1,765,000 Net income ...... $330,000,000 $371,000,000 and escrow companies, with large Earnings per share: ...... $.34 $.31 Earnings per share: ...... $1.69 $1.91 short-term deposits made largely in no-interest accounts. Federal-Mogul Corp. OTC BB: FDMLQ Somanetics Corp. Nasdaq: SMTS Deposits in the division fell by 1st Quarter April 19 2006 2005 1st Quarter Feb. 28 2006 2005 $1.5 billion in the first quarter to Revenue ...... $1,600,300,000 $1,663,200,000 Revenue...... $5,754,000 $4,033,000 †Net income...... ($68,400,000) ($48,300,000) Net income ...... $988,287 $563,926 $7 billion, “because of the home- Earnings per share: ...... ($.77) ($.54) Earnings per share: ...... $.08 $.05 building slowdown and a slowdown in refinancing,” Davis said. “We’ve been expecting this to happen for some time now, but it STREET TALK hadn’t happened. The Street had THIS WEEK’S STOCK TOTALS: 56 GAINERS, 19 LOSERS, 6 UNCHANGED been somewhat lulled to sleep. You had $1.5 billion in deposits move CDB’S TOP PERFORMERS 4/21 4/13 PERCENT out coupled with an increase in CLOSE CLOSE CHANGE loan demand, so suddenly Comeri- 1. Universal Truckload Services Inc. $29.89 $24.22 23.41 ca had to go to the loan markets to 2. Lear Corp. 22.10 18.10 22.10 get money at a relatively high cost. 3. Visteon Corp. 5.23 4.58 14.19 That accounts for the 20-basis-point 4. ProQuest Co. 22.43 20.51 9.36 drop, and the stock was hit hard.” 5. Energy Conversion Devices Inc. 51.33 47.34 8.43 In a report to analysts and insti- 6. Johnson Controls Inc. 81.26 75.33 7.87 tutional investors that accompa- 7. American Axle & Mfg. Holdings 17.69 16.46 7.47 nied its quarterly report, Comeri- 8. General Motors Corp. 21.79 20.40 6.81 ca revised it estimates for 9. Taubman Centers Inc. 42.01 39.50 6.35 net-interest margin for the rest of 10. Flagstar Bancorp Inc. 15.62 14.71 6.19 the year from 4 percent to a range CDB’S LOW PERFORMERS 4/21 4/13 PERCENT of 3.8 percent-3.85 percent. CLOSE CLOSE CHANGE Davis said similar margin diffi- 1. Somanetics Corp. $18.08 $19.55 -7.52 culties will hit other banks with a 2. Perceptron Inc. 7.78 8.24 -5.58 strong presence in California and 3. Comerica Inc. 55.33 57.80 -4.27 other overheated housing markets 4. Catuity Inc. 7.04 7.27 -3.16 that have begun to cool. On Thurs- 5. Republic Bancorp Inc. 11.25 11.60 -3.02 day, City National Corp., the holding 6. Handleman Co. 8.61 8.87 -2.93 company for Berkeley, Calif.-based 7. Ramco-Gershenson Properties 27.77 28.50 -2.56 City National Bank (NYSE: CYN), re- 8. Semco Energy Inc. 5.25 5.33 -1.50 ported first-quarter, net-interest 9. Detrex Corp. 7.25 7.35 -1.36 margin fell from 4.85 percent to 10. Dearborn Bancorp Inc. 22.20 22.43 -1.03 4.62 percent. The stock, which had Source: Bloomberg News. From a list of publicly owned companies with headquarters closed Wednesday at $78, fell to in Wayne, Oakland, Macomb, Washtenaw or Livingston counties. Note: Stocks trading $71.50 at the close Thursday. at less than $5 are not included. Kathleen Shanley, an analyst DBpageAD.qxd 4/14/2006 4:02 PM Page 1

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Page 6 CRAIN’S DETROIT BUSINESS April 24, 2006 Michigan TV battle gets national attention

LANSING — The air- also has a Web site on the ing viewers to tell legislators that build-out requirements, he said, coalition. waves battle is heating up issue, and a separate site “everyone matters” — a reference would impede the company’s plans AT&T Michigan President Gail over legislation to give targeting pending bills in to concerns that under Senate Bill and be “a barrier to competition.” Torreano said last week that AT&T Inc. a statewide video the Michigan Legislature 1157 and House Bill 5895, compa- The cable TV and local-govern- AT&T has beefed up its lobbying franchise. has been launched by the nies that hold a state-issued au- ment publicity follows TV and force and hired Lansing lobbying And it’s not just Michi- Michigan Cable Telecommu- thority to provide cable or video print ads launched earlier this firm Kelley Cawthorne. The firm gan interests involved. nications Association. service would not be subject to year by AT&T, touting competi- joins AT&T’s longtime lobbying Ads produced by a The Michigan cable community requirements on ser- tion and choice and saying the firm Governmental Consultant Ser- group principally funded group also has produced vice build-out or timetables for de- Legislature can be the catalyst. vices Inc., and Public Affairs Associ- by the National Cable & ads for its local-govern- ployment (Crain’s, March 20, Page AT&T’s drive for the Michigan ates, which represents the Telecom- Telecommunications Associ- ment allies in the fight 6). legislation is also getting a boost munications Association of Michigan. ation are running on cable CAPITOL BRIEFINGS against AT&T. AT&T Michigan spokesman Jon from the TV4US Coalition, an Arling- “One of the things about our systems throughout Amy Lane Joe Fivas, assistant di- Kreger said the company is plan- ton, Va.-based group that has TV business is it’s a great opportunity Michigan, targeting plans rector of state affairs at ning an aggressive rollout of its and print ads running in Michigan for lobbyists, and lawyers,” Torre- by companies like AT&T to com- the Michigan Municipal League, said video service, to reach 50 percent and a nationally focused Web site. ano said. pete with cable. The Washington- the commercials feature local of its customers in its 13-state ter- San Antonio-based AT&T is the Assisting the Michigan cable as- based Broadband Everywhere group mayors and township officials urg- ritory in three years. Enacting largest corporate member of the sociation are lobbying firms Karoub Associates and Muchmore Harrington Smalley & Associates Inc. State to look at revenue in May Michigan’s latest revenue snap- shot will emerge May 17, at the state’s semiannual revenue-esti- mating conference. The meeting includes state, university and private-sector economists, state Trea- surer Robert Kleine and directors of the House and Senate Fiscal Agencies. The meeting will produce revenue estimates for the current fiscal year and fiscal 2007, to be used by lawmakers and the Granholm It pays to have administration as they craft 2007 budgets. State looks for managers the right business for investment fund The state is seeking fund managers to develop and administer investment programs under the new Jobs for Michigan Investment Fund. The fund is part of the state’s communications. 21st Century Jobs Fund initiative. The Michigan Strategic Fund has issued a request for proposals AT&T is the single source for voice services, Cingular Wireless®, Unified Messaging and high speed $ from investment advisers who will Internet with new, simple rates – customized for your small business, and consolidated onto direct capital-investment and com- 50 mercial-lending programs, over- one bill – online or paper. Call us and mention this offer. If we can’t deliver, we’ll send you a is yours if we seen by the Strategic Fund board. $50 gift card (details below). Either way, you win. With a consolidated communications package, can’t provide the Proposals are due May 11, and communications the state expects to recommend or extra money to spend. Call an AT&T representative at 1-888-ATT-8339 to find out more. that you need. winners in early June. The propos- al solicitation is available at www.michigan.org/msf. Amy Lane: (517) 371-5355, In more ways [email protected] CRAIN’S SEEKS 40 UNDER 40 Crain’s Detroit Business is looking for successful executives for its than one. annual 40 Under 40 feature. This special report, to be published Sept. 25, will honor the best and brightest in Southeast Michigan who have made their marks in business before age 40. Honorees must be under the age of 40 on Sept. 25. To nominate someone, go to www.crainsdetroit. Click on “Surveys & Forms” in the navigation bar on the left side of the page. You’ll find an online att.com/simplify nomination form there as well as a list of frequently asked questions and answers about Crain’s 40 Under 40. Limited time offer for new or existing, qualified small business customers with 1-10 voice lines within the AT&T (former SBC) local service area. One per business entity. To be eligible must mention the $50 To request a nomination form by Gift Card Challenge. Gift Card Offer ends 6/30/06. If AT&T cannot provide long distance or high speed Internet or Unified Messaging or Cingular Wireless service to the customer’s business service address, mail, fax or e-mail, call Anita the customer will be sent a coupon for a $50 gift card. Customer must have acknowledged interest in purchasing one of these products, and must be qualified to purchase the product, i.e., customer must Duncan at (313) 446-0329. be credit eligible under AT&T or Cingular Wireless policies. Gift card will be payable to the order of business name on phone bill. Non AT&T customers may be required to prove business status to receive All nominations must be e-mailed, gift card, including business name and address, tax ID number, email address and billing telephone number. Other charges, restrictions, and terms and conditions apply. Gift card provided by affiliates sent online or postmarked by of AT&T local telephone companies. Long Distance provided by AT&T Long Distance. AT&T Yahoo! High Speed Internet Service Business Edition provided by AT&T Internet Services. AT&T Unified Messaging provided by AT&T Messaging. Wireless services provided by Cingular Wireless. SBC and the SBC logo are trademarks of AT&T Knowledge Ventures. ©2006 AT&T Knowledge Ventures. All rights reserved. May 1. DETROIT BUSINESS MAIN 04-24-06 A 7 CDB 4/21/2006 6:05 PM Page 1

April 24, 2006 CRAIN’S DETROIT BUSINESS Page 7 Deal with Schostak has Olga’s poised to grow again

BY BRENT SNAVELY recipe and the bread for each sand- tion and real estate development management, a profitable business CRAIN’S DETROIT BUSINESS NEW OLGA’S LOCATIONS wich is cooked after a customer or- process while Olga’s is responsible model and proprietary food that ders it. for managing the restaurants. The people like. Olga’s Kitchen Inc. struggled ■ Clinton Township, 43201 Olga’s never stopped updating two companies are equal owners of “I still have friends that we grew through the 1990s as it expanded Garfield Road; April 2005. its menu, Jordan said. The compa- the new restaurants and share the up with in the 1980s that moved but has found a new path to ■ Bloomfield Township, 2075 S. ny looks for food trends it can profits. and when they come home … they growth. Telegraph Road; February. adapt to a unique Olga product. Now, Olga’s and Schostak are want to go to Olga’s,” Schostak Through a joint-venture devel- ■ St. Clair Shores, 24060 Harper talking about doing more restau- Over the years, Olga’s has added said. opment deal with Southfield-based Ave.; May. rants. One possibility is the St. products such as Asian and Thai The history between Olga’s and Team Schostak Family Restaurants, ■ Allen Park, Fairlane Green; June. Louis metro area, where Olga’s Olga’s plans four new restaurants chicken, as well as four vegetarian currently has two regional mall lo- Schostak is decades old. Olga’s has in 14 months and has about 10 it in a way that they can build on Olga sandwiches for about $6.50 cations. long been a tenant in regional more in the works. their brand.” and a variety of salads for about Mark Schostak, president and malls once owned by Schostak Bros. Olga’s opened a new restaurant For the uninitiated, an Olga $7.50. CEO of Team Schostak Family & Co. Inc. in Clinton Township about a year sandwich is sort of like a gyro but Under the agreement reached in Restaurants, said Olga’s Kitchen is Brent Snavely: (313) 446-0405, ago, another in Bloomfield Town- the company has its own bread 2004, Schostak leads the site-selec- a time-tested company with solid [email protected] ship in February and is scheduled to open a third next Monday in St. Clair Shores. A fourth is expected to open by June in Allen Park. Plus, Troy-based Olga’s Kitchen is in lease negotiations for sites in Plymouth Township, Rochester and East Grand Rapids and is in early talks for more than a half- dozen additional locations, said Michael Jordan, Olga’s president and co-owner. Olga’s also recently closed two restaurants, bringing its total to 25. Olga’s closed its Northland Cen- ter location in January because its sales were too far below the company’s average sales of about $1.6 million and closed its Fairlane Town Center restaurant because it’s near the Allen Park store, Jordan said. Olga’s expansion strategy is to open either stand-alone restaurants next to shopping centers or to open in strip malls, said Steven Frank, Olga’s director of marketing. The average free-standing Olga’s Kitchen is 3,800 square feet with 125 seats and the average customer check is about $10. Olga’s recently discovered through customer research that the No. 1 complaint customers had about Olga’s is that they had to go to a mall in order to eat at the restaurants. Jordan said those statistics show that there is demand in Michigan for Olga’s food. Olga’s, which reported annual sales of $47 million in 2005, was Unmistakably Silverleaf... founded in 1976 after Jordan and a partner bought a restaurant in Silverleaf is an exquisite private residential golf community carefully crafted for the discerning buyer Birmingham owned by Olga Loizon. providing residents with everyday conveniences that blur the distinction between necessity and luxury. Olga’s grew to more than 50 restaurants in the 1980s by expand- Tucked into the dramatic mountains and lush deserts of North Scottsdale, Arizona, Silverleaf is ing into regional malls. But the costs of expanding into too many one of the last remaining communities of its kind available in the Southwest. The Silverleaf markets prompted the company to close about half its restaurants as Club and Spa anchor life in this extraordinary setting – featuring a collection of mountainside leases expired. custom estates and classically designed neighborhoods. Custom estate homesites available from “I am not somebody who grew up with Olga’s, and when I came here $1 million to more than $5 million. Parks developer homes from $2 million to $3 million. people kept telling me, ‘Go to Olga’s, you have to try out Olga’s,’ ” said Gordon Matthews, restaurant consultant and real estate agent for Southfield-based Griffin Properties. “I Silverleaf Realty went and I thought the concept was TM really tired and I shook my head.” Scottsdale, Arizona 480.502.6902 www.silverleaf.com But Matthews changed his mind during a recent visit to the Clinton Silverleaf includes a private club, course, and spa. Proposals for membership are by invitation only and are separate from property ownership. Obtain the Property Report Township restaurant. or its equivalent, required by Federal and State law, and read it before signing anything. No Federal or State agency has judged the merits or value, if any, of this property. “I think they have really done a No binding offer to sell or lease may be made or accepted prior to issuance of the final Arizona Subdivision Public Report for the property.This promotional material is not intended to constitute an offering in violation of the law of any jurisdiction. MI-02-11-8236 WARNING:THE CALIFORNIA DEPARTMENT OF REAL ESTATE HAS NOT INSPECTED, good job of reinventing their con- EXAMINED, OR QUALIFIED THIS OFFERING. © 2006 DC Ranch LLC. The DC Ranch and Silverleaf names and related marks are registered trademarks. All rights reserved. cept,” Matthews sad. “The new logo looks good and they have done DETROIT BUSINESS MAIN 04-24-06 A 8 CDB 4/21/2006 4:54 PM Page 1

Page 8 CRAIN’S DETROIT BUSINESS April 24, 2006 OPINION The power of the few earborn-based DFCU Financial Federal Credit Union last week waved the white flag. D Faced with a small but well-organized anti-conversion group, the credit union voluntarily withdrew its application to convert from a credit union to a mutual savings bank. As Crain’s first reported in December, the credit union had sought federal regulatory approval to become a bank. With 160,000 members and $1.8 billion in assets, the conversion would have been the largest in the country. But it was hotly contested by the credit union industry and a vocal, organized group of DFCU members. DFCU says it wanted to convert to reduce reliance on current and retired Ford Motor Co. workers. The credit union was formed by Ford employees in 1950. But members who opposed the deal argued that it was a ploy for current management and “insiders” to benefit finan- cially from the conversion. DFCU never directly addressed those allegations or any implications for stock sales for current management. In its April 19 statement, the credit union’s board said the regulatory process “made it difficult and impractical” to fully inform the membership. Unfortunately, members will never have the chance to vote on the issue. But nearly 2,000 of the 160,000 members have signed petitions to force the board to hold a special recall meet- LLETTERSETTERS ing by May 18. DFCU might have had sound business reasons to pursue the conversion. But it never made its case effectively to its members. Chalk this up to the age of the Internet. The anti- Nonprofit pay must be fair conversion group was well-organized with instantaneous elec- Editor: risks incumbent upon tax-exempt tronic communications. Crain’s Detroit Business I think Sherri Begin’s March 27 executives and their boards in the It may be, too, that these largely Ford workers and retirees welcomes letters to the editor. article, “More bucks for the boss,” All letters will be considered for event of failure to justify, among who have been batted about by that company’s fortunes want- (March 27) deserves wider circula- publication, provided they are other things, compensation levels. ed a sense of control about something in their lives. tion through the Detroit business signed and do not defame Here, our experience in setting community. individuals or organizations. appropriate executive compensa- Much of what you write is borne Write: Editor, Crain’s Detroit tion level, within one client espe- Pain from case spreads wide out by our firm’s experience in es- Business, 1155 Gratiot Ave., cially, demonstrated that a variety tablishing compensation levels na- Detroit, MI 48207-2997. of methods may be required with- Pool tables, golf club memberships, patio furniture and tionally within both commercial E-mail: [email protected] in the same organization, so that restaurant meals are among the items Ann Arbor prosecutors enterprises and tax-exempt orga- Message boards: Share your we evaluated comparable posi- say Michigan Public Media employees wrongfully traded in nizations, but the message as to views in our online community. tions within the commercial world forums.crainsdetroit.com. exchange for sponsorship mentions on public radio and TV nonprofits is only belatedly reach- and the exempt world, and we val- ing Southeastern Michigan. There ued a few positions that are unique stations owned by the University of Michigan. are a couple of ideas that are also, the executives who toil for tax-ex- to both environments. As Crain’s reported in March, three former employees are again based upon our experience, empts are like you and me. The In our valuations, the regula- accused of accepting items for their personal use. worthy of note. point is only emphasized by the fact tions allow us to compare the pay A district court hearing earlier this month offered the first First, the community at large and that senior nonprofit executives within nonprofits to positions with- are not merely rising from within public glimpse of the scope of the scandal. According to the many nonprofit executives in par- in corporations when setting lev- ticular labor under the archaic no- but also being recruited from the els. Hence, executive pay within a Ann Arbor News, UM auditors identified $520,000 worth of in- tion that their efforts must be ren- corporate world, where bonuses nonprofit may, resources permit- kind trade agreements over several years involving on-the-air dered within a culture of sacrifice. and perquisites are de rigueur. ting, be set at levels comparable to mentions of businesses and donors. Not all of the trades are al- However, few, if any, nonprofit Next, as you know, senior execu- the senior levels within a company. leged to have benefited the employees personally. executives lead monastic exis- tive compensation within public Paul Creasy tences, and most have family oblig- charities is subject to the “interme- Partner The quicker this case works its way through court the bet- Organizational Consulting Group L.L.C. ations along the lines of house pay- diate sanctions” regulations of the Avon, Ohio ter for all public broadcast entities, whose own fundraising ef- ments, car payments, medical bills, Internal Revenue Code. These de- forts may be tainted by perceptions created by this mess. college tuition, etc. In other words, mand a particular sensitivity to the See Letters, Page 9

KEITH CRAIN: It’s a great time for Detroit sports

There was a brief moment recent- finals, if we are fortu- tune to see an All-Star be for hockey and basketball. tax support for their new stadiums. ly, too brief if you ask me, when all nate, will continue well Game in one and a Super In fact, if my memory is correct, Perhaps we should have a por- the stars were aligned. The Detroit into June, which is a Bowl in the other. Both when the owners of the Detroit Pis- tion of existing revenues go into a Pistons were far and away in first long time for “winter” events brought plenty of tons built The Palace of Auburn facilities fund. Winners would be place in the National Basketball As- sports. money and positive en- Hills, they didn’t ask for a penny of able to use those revenues to build sociation. The Detroit Red Wings It looks like our taxes ergy to our city. public support. They got their sup- their new facilities. And if teams were headed for an award for hav- paid for the wrong new But it does seem like port by building winning teams in- were losing, then they would have ing the best record in the National stadiums. we have been rewarding side their “Palace.” to forfeit those amounts into the Hockey League. The Detroit Tigers, When side-by-side the wrong teams for The Red Wings’ owners inherit- pool. That would be in addition to for a fleeting moment, were unde- stadiums were planned winning and losing. If ed their arena from the Norris their normal payback. It would feated. And as the pundits said, for downtown, financed we based it on perfor- ownership and seem to have done simply be a reward system for win- tongue-in-cheek, the Detroit Lions in part by city, county mance, as most major- quite well with their performance. ners, the same concept that the were undefeated in 2006. and state taxes, we league teams base much Maybe we need some sort of per- teams themselves use. Well, two of our teams seem des- hoped that we might see some win- of their players’ compensation, formance benchmarking for our It’s probably another idea that tined for the finals. Without jinx- ners. That hasn’t happened — yet. then we’d have two new stadiums sports teams who are able to ac- could never work but is interest- ing them, we have high hopes. The Luckily we’ve had the good for- in our community, but they would quire tens of millions of dollars of ing to think about. April 24, 2006 CRAIN’S DETROIT BUSINESS Page 17

See Call Us For Crainsdetroit.com/realestate Personalized Service: for more real estate (313) 446-6068 advertisements CRAIN’S REAL ESTATE

AUCTIONS ANNOUNCEMENTS

R. J. MONTGOMERY & ASSOC., INC. PUBLIC AUCTION WEDNESDAY MAY 3RD, 2006 10:00 AM INLAND REAL ESTATE AUCTIONS,INC. FORMER ASSETS OF Inland VULCAN IRON WORKS is pleased to announce the opening of a Detroit Metro office at 12700 LYDON STREET DETROIT MICHIGAN 30300 Telegraph Road, Suite 185, Bingham Farms, Michigan 48025 Real Estate INSPECT: TUESDAY, MAY 2ND, 9:00AM- 4:00PM & MORN. OF SALE 9:00AM (DIRECTIONS: FROM DETROIT METRO Joining our firm as Manager of this office Auctions, Inc. AIRPORT- 94E TO TELEGRAPH RD. EXIT (202A), NORTH ON TELEGRAPH John McTevia, Assistant Vice President APPROX. 8-9 MILES TO I-96/JEFFRIES (248) 593-8790 FREEWAY EAST OR WEST TO As a leader in the auction industry, we look forward to your inquiries SCHAEFER RD. (EXIT 185) GO NORTH www.inlandreauctions.com ON SCHAEFER RD. TO LYNDON ST. and presenting how the auction can maximize price in only 6-8 weeks. TURN RIGHT (EAST) ON LYNDON ST. (WATCH FOR AUCTION SIGNS!!!!) ®The Inland trademark and logo are registered trademarks being used under license. LARGE QUANTITY OF STEEL! TRUCKS, TRAILERS, MATERIAL INVESTMENT PROPERTY VACANT LAND HANDLING, FLAME CUTTERS, INDUSTRIAL PROPERTY PLASMA CUTTERS, WELDERS, AIR COMPRESSORS, HYDRAULIC Available 20,000 to 300,000 SF warehouse, DEVELOPMENT PARCELS PUNCHES, IRON WORKERS, manufacturing. Immediate occ. $1.00/sq. ft. gross, I- THREADING MACHINES, POWER 75 and Six Mile. Up to 44 truckwells, grade level FOR SALE ASH TWP. - 9 ac. Carleton Rockwood Rd., Freeway exit planned commercial. SHEARS, PRESS BRAKE, PUNCH LINE, doors, short term leases available. 140 South Saginaw Street 81 ac Switzer Rd. bet. I-275 & Telegraph directly S. of new #1 housing SAWING MACHINES, DRILL PRESSES, Call Dan McCleary 248-351-4352 NAI Farbman. development entrance. CRANES & HOISTS, SCISSOR LIFTS, 24,000 S.F. Bldg. For Lease. Mfg./Distrib. in Burt Pontiac, Michigan AUGUSTA TWP. - 89+ ac. Bunton Rd., preliminary condo site plan pkg. available. CARRY DECK CRANES, MISC. SHOP Indust’l Pk. (I-96/Telegraph), Very Clean, Dry, Well- EQUIPMENT & MUCH MORE!!! CANTON TWP. - 15.2 ac. Warren Rd., nice size R2 zoning would make a good church site. Maint., Docks, Truck Parking, EZ Freeway Access. 12+ ac. Ford & Ridge Rd., hot area additional parcels a possibility. Terms: A 10% buyer’s premium will be (248) 356 - 5466 HAMBURG - 53.7 ac. M-36, has 1609’ frontage zoned MD & RA. charged at this sale!! A deposit of not less Michigan Ave. & Wayne Rd. than 25% of the total purchase on sale day Approx. 73,000 Sq. Ft. PLYMOUTH TWP. - 1.52 ac zoned commercial on highly traveled Plymouth Rd. at the time of purchase must be made. 28 Foot Clear, 10 Truck Docks **EXCELLENT OPPORTUNITY** Special note: Although information has been SUMPTER TWP. - 48 ac. Willis Rd., beautiful wooded sites, master plan 1 unit/ac. Van Buren Schools. (248) 821 - 5522 152,111 Square Feet Available For Sale 33 ac Elwell Rd., Lincoln Schools. obtained from sources deemed reliable, the Close Proximity to Major Freeways (I-75, I-696, M-59) auctioneer makes no warranty or guarantees as Positioned Between Two of the Areas Largest SUPERIOR TWP. / 21 ac. Ford Rd., good speculation, corner at light, Ann Arbor Schools to the accuracy of the information herein Hospitals ANN ARBOR - 72 ac. Lots of rolling Ford Rd. frontage, beautiful trees & running stream. contained. It is for this reason that buyers AVAILABLE NOW Ample Parking, Next to the Phoenix Center VAN BUREN TWP. - 13 ac. Tyler Rd., 416’ frontage N. of Haggerty close to I-275 zoned R 1-C should avail themselves to make inspection NO SET ASKING PRICE - BID PROCESS BELLEVILLE prior to sale. 4,000 to 100,000 sq. ft. For More Information, Please Contact: VISIT OUR WEBSITE FOR MORE INFO Also 10,000 & 25,000 sq. ft. Eric Banks/Barry Swatsenbarg YPSILANTI TWP. - 50 ac. Bunton Rd., an assemblage of 6 parcels. & PHOTOS: www.rjmauctions.com or Richard Deptula 68 ac. Merritt Rd., 1354’ frontage, preliminary condo site plan pkg. Free Standing Bldgs w/truckwells. 248.324.2000 available. 1 Mile from Metro Airport [email protected]/[email protected]/ COMMERCIAL PROPERTIES [email protected] CALL VAN ESLEY REAL ESTATE TO OBTAIN BROCHURE REA CONSTRUCTION 734-459-7570 FOR SALE- 8,600 SF in Farmington Hills (734) 946-8730 34975 W Twelve Mile Rd 100% Leased w/ 6 Tenants & Great ROI Farmington Hills, MI 48331 1 Story Building w/ Full Basement Also Heavy Industrial www.friedmanrealestate.com Asking $1,450,000 Call Bruce 248 - 563 - 2144 Land Available OFFICE SPACE OFFICE SPACE www.reaconstruction.net FERNDALE OFFICE SPACE HAMILTON BUSINESS CENTER Executive Suites starting at $300.00/month 3 MONTHS FREE, ZERO DEPOSIT!! Build to Suit - T-1 Internet Available - Prestigious Farmington Hills CELL SITES Livonia Office Center- 7 Mile & Middlebelt area. Address. Flexible lease terms. 248-324-3600 S.E. Corner Woodward/9 Mile 1200 Sq Ft available now. Individual suites starting @ $12.00/PSF Approval Guaranteed SPECIAL OF $150.00 (through 4/30/06) includes all RETAIL SPACE (248) 398-7000 utilities. (313) 920 - 5966 or (248) 593 - 0064 OTHERS AVAILABLE Southfield Insurance Agency Beautiful Retail Shopping Center Space Available: Grand Blanc, Michigan has office space to share. For Sale or Lease, Gratiot & 15 Mile Rd. Short/Long Term Leasing Onyx Plaza. Former Media Play 248 - 352 - 0860 Up to 8,000 SF Available for Lease La Hood Realty (313) 885 - 5950 Catellus Group, LLC Abundant, Free Parking (810) 695-7700 Sterling Heights- Beautiful office building for sale or Other Amenities Include: Cafeteria, On-Site lease. Dequindre & 15 Mile Rd. From 5,000 to 15,000 Management, and Conference Facilities SF for lease. Parking for 90 cars. Excellent Price. Signage Available GREAT RETAIL LOCATION! Live, Work La Hood Realty (313) 885 - 5950 For More Information, Please Call: INVESTMENT PROPERTY Robert Moon Corner of 12 Mile & Southfield and Play. 1,800 SF in Farmington Hills 248.848.4122 1 Story Building, Move-In Condition 6,900 SF + 4,000 SF Storage Area 248.258.8887 Easy In/Out/Parking, Below Mkt. Rates Call 248 - 851- 1480 - Bruce 34975 W Twelve Mile Rd Farmington Hills, MI 48331 Paul Winkler (248)644-7600 FOR SALE $175 PART-TIME OFFICE www.friedmanrealestate.com 3136 South Linden Road Office Usage, Phone Answering, Internet and More!! www.americenters.com Flint, Michigan 800-446-4444

from the $300s

www.etonstreetstation.com **FORMER OFFICE MAX** 23,250 SF Building For Sale REWARD Located Adjacent to Kohl’s & Furniture Row Re-Leasing the Building or User Occupancy with REAL ESTATE SALE - LIMITED TIME Equity Appreciation Capitol Investment APPROX. 5.0 ACRES - BLOOMFIELD TWP, MI Taking Advantage of Favorable Financing West Side of Telegraph, Between 14 Mile & Maple For More Information, Please Contact: Donny Tocco/Barry Swatsenbarg $1,000,000 . Prime In Fill Development Property or Richard Deptula . Dimensions 271’ x 810’, Zoned R-1 248.324.2000 [email protected]/[email protected]/ BLOOMFIELD HILLS OFFICE SPACE . Sealed Bids Due by June 2, 2006 [email protected] . Utilities at Site 29,500 SQUARE FEET 34975 W Twelve Mile Rd . Owned by Michigan State University Farmington Hills, MI 48331 www.friedmanrealestate.com Sign a long term lease for this For more information, contact: John Fricke - [email protected] space and receive Signature Associates - 248.948.4182 $1,000,000 toward: MISCELLANEOUS Principals Only - No Co-Brokerage Agreements will be Recognized ~ Tenant Buildout ~ Moving BUILDING / PARCEL SOUGHT- 20-30,000 sq.ft. warehouse/office building, or 3+ acre parcel to build, Expenses ~ Furniture ~ Free Rent Shopping Center For Sale on major road between 8 & 12 Mile Roads, Telegraph & I-75. Truck dock & 60+ parking spaces needed. ~ Employee Trips to Tahiti Orchard Lake Road - Farmington Hills Call 248-790-5501 or respond to: Crain’s Detroit ~ New Cadillac for the Boss 11,200 Sq. Ft. - 100% Leased Business,1155 Gratiot, Detroit, MI 48207, Box# 10008 Call: Denise Zahul or OFFICE BUILDING Tom Beeler

DOWNTOWN FARMINGTON HISTORIC Chateau Management Central Business District and Realty, Inc. 2700 Sq. Ft. $495,000 Call 248-514-8894 (248) 642-7100 Beautiful New Medical Office Park Located on Little Mack near 13 Mile Rd. Will Build to Suit or up to five Other, Smaller Space Available 1-Acre Lots Available For Sale. La Hood Realty (313) 885 - 5950 Outside Brokers Welcome DETROIT BUSINESS MAIN 04-24-06 A 18 CDB 4/21/2006 6:38 PM Page 1

Page 18 CRAIN’S DETROIT BUSINESS April 24, 2006 CRAIN’S EXECUTIVE RECRUITER Ford, UAW put out the call

CONSTRUCTION GENERAL

Exp. Estimator in underground utilities/site work. We offer competitive salary, yr. end bonus, benefits, co. truck, good working environment. Director, Child & for revisions to bankruptcy law Resume & salary req. to Rich Williams via fax: 586/677-1351 or email: Family Services [email protected] Incredible opportunity to "Do the right BY PHILIP NUSSEL cally use their losses at home to billion in direct business with thing for the right reasons everyday." CRAIN NEWS SERVICE justify breaking contracts with North American auto manufactur- REAL ESTATE Opening for highly qualified director to American workers while their ers in 2005. oversee child welfare services in South- DETROIT — The surge in auto overall company is still thriving,” Once a supplier enters Chapter Property Manager: eastern Michigan. Requires Master’s de- suppliers seeking Chapter 11 bank- said a statement issued by the 11, automakers must petition the RSM Development and Management, a growing gree and 5+ years experience in related ruptcy protection has prompted commercial real estate company, is seeking an field. bill’s sponsors, Sen. Evan Bayh, D- court to remove tooling from a experienced (at least 7 years) Property Manager to Visit: www.lssm.org Ford Motor Co. and the United Auto Ind., and Rep. John Conyers, D- debtor company’s plant and shift oversee 1 Million + square feet of office, medical Workers to launch separate efforts and industrial property within Southeastern for further information. Mich. the work elsewhere. Michigan. Candidate must be proactive, have the Please send resume to: at revising parts of the federal The bill also would crack down Typically, the process takes sev- ability to self-start, multi-task and prioritize. LSSM - Human Resources bankruptcy code. on so-called “management reten- eral months. Please send resumes to: 8131 E. Jefferson Ave. Ford global purchasing chief Post Office Box 772 Detroit, MI 48124 tion plans” that companies such as “In general, troubled suppliers Tony Brown last week called for Bloomfield Hills, Mi 48303. [email protected] Delphi have proposed to pay wouldn’t like it because this would EEO/AAP/Drug Free changes specific to the auto indus- bonuses for managers and execu- transfer more leverage to the cus- try that would make it easier for tives who agree to stay during a tomer,” said Craig Fitzgerald, a automakers to recover tooling and Chapter 11 reorganization. consultant who handles supplier SALES SALES other assets from suppliers that Brown wants automakers to clients for Plante & Moran P.L.L.C. in file for Chapter 11. have increased access to crucial suburban Detroit. Business In a separate effort, the UAW tooling after a supplier files Chap- “Healthy suppliers would like Development backs a bill introduced in Con- ter 11. this because they would be the Business Development Associate Manager gress this month that would make “Right now, things get locked beneficiary of re-sourced work SmithGroup, Inc., a nationally recognized, it harder for bankrupt suppliers to down and swept up in the (Chapter from troubled competitors.” award-winning architectural, engineering, plan- move U.S. jobs to foreign opera- ning, and interior design firm with offices na- Farmington Hills Headquarters 11) case,” Brown told Automotive Brown said he first brought up tionwide, seeks an experienced Business Devel- Thomson Gale is a world-class provider of tions. It would direct courts to con- News after his speech at a confer- the idea at the annual industry opment Associate. This enthusiastic self-starter academic, educational and business information will organize, plan, schedule and manage the products and services. The professional we seek will sider a company’s foreign assets ence at the Federal Reserve Bank of gathering at Greenbrier Resort in business development efforts for our Detroit of- negotiate third-party contracts for the licensing of when deciding whether the compa- Chicago-Detroit Branch. West Virginia last fall. He said oth- fice. Gale content and develop new business ny can break its union contracts. The U.S. Bankruptcy Code was er industries, such as public utili- Responsibilities include, but are not limited to: opportunities outside of the core library market. In developing, and maintaining client relation- this key role you will develop leads from trade The bill, backed by the UAW, amended in 2005. But Brown said ties and shopping centers, already ships; identifying project opportunities and shows, industry journals, etc. and conduct financial comes in response to the growing automakers need more changes have specific protection in the law. strengthening business ties; active involvement analysis of accounts. Some travel required. in professional and business organizations; par- loss of jobs linked to Chapter 11 re- given the current business cli- Brown said discussions about ticipating in strategic planning for core practice Requires at least 3 years’ business development organization efforts. mate. possible legislation remain prelim- groups and target markets; researching new business potential and developing new leads; experience negotiating high-revenue licensing Both Troy-based Delphi Corp. and For example, when a tier-one inary. He wouldn’t say whether contracts, ideally within the information industry. conducting market research on potential clients Toledo-based Dana Corp., the two and projects; maintaining the lead tracking data- Sales, purchasing or content management supplier files Chapter 11, an au- other automakers or their associa- base with relevant information on targeted cli- experience, effective verbal/written skills and ability largest auto suppliers currently in tomaker should be able to retrieve tions are interested in joining the ents, contacts and opportunities; and keeping to compose licensing agreements necessary. reorganization, filed Chapter 11 its tooling more easily in order to effort. management informed as appropriate. Bachelors and a background in Internet business Qualified applicants will have 8 to 15 years of development highly desirable. Familiarity with only for their U.S. operations. Both find another supplier to continue “They’ll have to decide on their experience in the A/E/C industry, with at least editorial processes, database applications as well as companies plan to move more op- that production. own,” he said. 5 years experience in a professional services data extraction and delivery is also desirable. marketing and/or business development role. erations outside the United States. About 15 major suppliers are op- “There are a number of things Bachelors degree in Business, Architecture or We offer a competitive base and commission “Some international corpora- erating under Chapter 11 protec- we can work together on.” Engineering or related discipline preferred. Ex- package with excellent benefits. Six figure potential! cellent communication skills, a team player atti- tions that are struggling domesti- tion. Six of those did more than $1 From Automotive News tude, and the ability to think intuitively Apply online to position FH 06-015 at essential. www.thomsoncareers.com Please submit resume with salary requirements to: [email protected] or fax to: (313) 442-8098. Break coming for delinquent No phone calls please. EOE M/F/D/V EOE/AA - M/F/D/V Mexicantown welcome Detroit parking tickets Scofflaw motorists who have accumulated parking tickets in center seeks tenants Detroit will get a break May 1 through May 5: The city will cut a national or regional coffee shop, their ticket tabs in half. $17M center to hire UPS or FedEx Kinko’s-type store, The 50 percent discount ap- women’s apparel, and a restaurant plies to all parking tickets is- broker to market space that would offer an alternative to sued before Jan. 1, 2006. The dis- Mexican food. count program precedes a in southwest Detroit Second-floor of- major crackdown on parking fice space is be- scofflaws through increased en- BY JENNETTE SMITH ing marketed to forcement and booting of viola- tors’ cars, Shawny DeBerry, CRAIN’S DETROIT BUSINESS professional- deputy director of municipal services firms The Mexicantown Community De- parking, said. and companies velopment Corp. is working on the Wage garnishments, tax re- that would have tenant mix and securing leases on fund interceptions, impound- a benefit to be- the $17 million Mexicantown In- ment and auction of cars and re- ing near the bor- ternational Welcome Center and ports to credit bureaus are Garry der, such as im- Mercado which opens this sum- among tactics the department port-export businesses, Garry mer. The project will serve as a will use, DeBerry said. said. state of Michigan welcome center The city has more than $20 The mercado seeks a high-end and site for cultural programs, but million in delinquent parking also will have space for 84 busi- Mexican restaurant that would be tickets. About 40,000 motorists nesses. slightly more expensive than the Tickets can be paid by mail at P.O. Box 2549, Detroit, MI 48231- The organization plans to hire a existing restaurants in Mexican- 2549, or at drop boxes in the broker within the next month and town, a bilingual bookstore, a cof- Coleman A. Young Municipal Cen- has been courting tenants for both fee shop and various small retail- ter, Cobo Hall Garage, Detroit Po- buildings, said Margaret Garry, ers that would take 300-or 700-square foot sites selling acces- lice Department Northwestern Dis- vice president, real estate and de- trict, 11450 Warwick and Eastern sories, Mexican imports, gourmet velopment, Mexicantown Commu- District, 11187 Gratiot. The park- nity Development Corp. dry foods, and other items typical- ing violations bureau at 1001 The welcome center is a 30,000- ly found in similar mercados in 10th St. has a cashier and a drop square-foot building and the mer- San Antonio, Texas, and St. Paul, box. More information about cado is a 13,000-square-foot site. Minn. the program is available by call- Garry said the ideal tenant mix for Jennette Smith: (313) 446-0414, ing (313) 963-9630. the welcome center would include [email protected] — Robert Ankeny DETROIT BUSINESS MAIN 04-24-06 A 19 CDB 4/21/2006 6:31 PM Page 1

April 24, 2006 CRAIN’S DETROIT BUSINESS Page 19 Mitchell: Detroit could become chain’s second home market ■ From Page 3 Detroit is not. Detroit per capita has a lot tenants at Partridge Creek, a new lifestyle ally well by coming in here,” Matthews said. “Our No. 1, 2 and 3 restaurants in my com- less restaurants than a number of metropol- center in Clinton Township. Lifestyle cen- “He’s not looking at the national picture.” pany were my three restaurants in Detroit,” itan areas.” ters generally feature a streetscape resem- Ironically, Mitchell says contacts he has Mitchell said. Gordon Matthews, restaurant consultant bling a village and include specialty retail- at national chains that are here — including Mitchell first entered Michigan in 2000 and real estate agent with Southfield-based ers and restaurants. Champps Americana and P.F. Chang’s — say with Mitchell’s Fish Market in Lansing and Griffin Properties, agrees with Mitchell’s as- All of the restaurants — P.F. Chang’s China annual sales at Detroit-area restaurants ex- has quickly emerged as a sessment of the Southeast Michigan restau- Bistro, Bravo! Italian Kitchen, California Pizza ceed their company’s national averages. major local player on the rant market. Kitchen and Claddagh Irish Pub — are new for Neither company returned calls last week restaurant scene. “We don’t have as much diversity (of na- Macomb County but already have locations seeking comment. “When I walk into his tional chains) here as what you get in other elsewhere in Southeast Michigan. Mitchell said he picked the Village of seafood restaurant it cities,” Matthews said. “If you go down to Denver-based Chipotle Mexican Grille Inc., Rochester Hills for a Mitchell’s Fish Market looks like, it feels like and Dallas or to New York or Chicago or even entered metro Detroit in December with lo- because he has been monitoring the mall for it smells like a seafood comparable metropolitan areas, you are go- cations in Rochester Hills and West Bloom- several years and keeps in close touch with restaurant,” said Bill ing to see a lot more variety of concepts and field Township. The company already had the owners of Columbus, Ohio-based Bravo! Kruse, who owns seven a lot more of them.” 460 locations nationwide. Development Inc. Bravo has operated Bravo! restaurants in Southeast There are exceptions. Tampa, Fla.-based In January, the National Restaurant Associa- Cucina Italiana since the mall opened in 2002. Kruse Michigan, including five Outback Steakhouse Inc. opened Bonefish Grill tion said it expects restaurant sales in Michi- “We always do plus or minus 5 percent or Kruse & Muer locations. “I in Novi in December and Sterling Heights in gan will top $12.3 billion this year, up 4.1 per- so of what their sales are and that’s Bravo’s think his service and his packaging and all January and also opened Cheeseburger in Par- cent from estimated 2005 sales of $11.8 billion. No. 1 store in the country, so I feel pretty of the things he does all add up to success.” adise in Sterling Heights. But that sales growth lags behind a pro- confident,” Mitchell said. Cameron’s Steakhouse is a popular steak- Earlier this month, Morton’s, The Steak- jected national 5.1 percent national sales While there is no formal connection be- house in Birmingham and Mitchell said his house became the fifth fine-dining steak- gain. Plus, the region consisting of Michi- tween Mitchell’s company and Bravo!, the Cameron’s restaurants typically exceed $5 house to open on Big Beaver in Troy, and its gan, Ohio, Wisconsin, Indiana and Illinois two companies often compare market statis- million in annual sales. Mitchell’s Fish Mar- CEO said the company would like to find was ranked last among nine U.S. regions for tics and have co-located in 10 different retail ket, which specializes in fresh fish and fea- two more sites in metro Detroit. However, sales-growth projections this year. centers across the country. tures a raw bar, has an average unit volume the company’s confidence in the area is National media coverage such as the Bravo! has also expanded rapidly in of $4.7 million. based in part on its restaurant in Southfield, April 1 Wall Street Journal story “Down and Michigan. When it opens in Partridge That means his company is already doing which has been open since 1992. Out in Bloomfield Hills” and the Economist’s Creek, it will have five restaurants in metro at least $14.4 million in annual sales in Still, Matthews said national restaurant April 6th story “Last Tango in Detroit?” Detroit and one in Lansing. Southeast Michigan and $19.1 million annu- companies, such as Cheesecake Factory Inc., about auto industry woes scares a lot of com- Mitchell said he loves Southeast Michi- ally if the Lansing location is included. typically target fast-growing areas such as panies off, Matthews said. gan so much that jokes about putting an “I In total, Mitchell operates 27 restaurants Phoenix, Ariz.; Nashville, Tenn.; and Florida Yet it opens up opportunities for Mitchell love Michigan” bumper sticker on his car — in seven states and reported $102 million in first for expansion and consider Detroit last. and other regional chains that understand a move Mitchell says would draw lots of annual sales in 2005. For evidence, Matthews points to Taubman the Midwest. comments in Columbus, home of Ohio State Brent Snavely: (313) 446-0405, Centers Inc.’s announcement last week of “That’s why a guy like Cameron can do re- University. [email protected]

Charities: Group to recruit nonprofits Farbmans form new company ■ From Page 1 Southfield-based Farbman Group is branching out from real estate. ber,” said Richard Martin, direc- Lichtle’s agency serves Wayne, don’t want to take away the reach of Farbman co-President David tor of fund development for the Oakland and Macomb counties. The United Way.” Farbman is CEO of an affiliate Southgate-based Guidance Center, largest United Way affiliate in the By giving donors more choice, that plans to invest in or acquire a Downriver family-services region, it has stopped taking new America’s Charities says it can growing companies in categories agency. “In this state and market- member agencies as it completes a help reverse declines in the num- such as alternative energy, Inter- place, philanthropic dollars are massive community needs assess- bers of employees who participate net, and sports and entertainment. hard to come by. This just seemed ment. in workplace giving campaigns. His brother, co-President An- as if it was a really good fit for us.” Livingston County United Way in Lichtle said the number of em- drew Farbman, will take on the “In America today, it’s the age of Brighton has adopted the same ployees reached through the Unit- CEO title at Farbman Group as David Farbman Andrew Farbman choice,” said Don Sodo, president model, while Ann Arbor-based ed Way for Southeastern Michigan part of the new business strategy. said the enterprise expects to be and CEO of America’s Charities for Washtenaw United Way has just be- annual Torch Drive has dropped The new business, Farbman vested in at least two businesses the past 18 years. “You want to pro- gun shifting to that model. from 858,000 employees in 2000 to Brother Enterprises, is looking for by year-end. One is energy-based vide employees with a wide-rang- Nonprofits flocking to the Amer- opportunities throughout Michi- 780,000 last year. Of those workers, and the other is Internet-based, ing list of charities.” ica’s Charities banner say there 37 percent contributed in 2000 com- gan, David Farbman said. he said. Both are incubator busi- Sodo, a Cleveland native, gradu- are important distinctions. pared with 26 percent in 2005. “The “We need to be diversified,” he nesses that Farbman Brother En- ated from the University of Detroit Unlike United Way, America’s level of employment has dimin- said. “We’re still bullish about terprises hopes to build to a na- Mercy and taught K-12 in metro De- Charities does not block its mem- ished in those companies,” he said. growing in Michigan.” troit before he moved out-of-state ber nonprofits from fundraising According to its Web site, Amer- Neither brother would reveal tional level, he said. The first in 1976. during its annual campaign. ica’s Charities has raised nearly specifics about deals in the deal should bring at least 20 jobs. America’s Charities’ broad- “That was attractive to us,” the $400 million for its member chari- works, but Andrew Farbman — Jennette Smith choice philosophy is counter to the Guidance Center’s Martin said, be- ties through workplace campaigns focused, issue-based funding ap- cause fall is a major period for since it was founded in 1980. It proach United Way chapters donor cultivation. reaches 10 million employees. Its across the country are adopting. Some Fortune 500 companies, operating budget for 2004, the most Does America’s Charities see it- including Sears, Roebuck and Co. recent tax filings available, shows self competing with United Way? and American Express Co., use revenue of $24 million and an oper- “We don’t like to use that word,” America’s Charities and its Web- ating deficit of $48,115. Sodo said. “We are all interested in based technologies to run compa- raising the level of giving in cam- ny-specific campaigns. Local non- America’s Charities has part- paigns.” profits could be among the choices nered with United Ways in cam- Wells Fargo Business Credit,Inc. Tom Lichtle, campaign director offered employees on their inter- paigns in San Francisco, Washing- for United Way for Southeastern nal Web sites. State and federal ton and Philadelphia, Sodo said. Asset Based Financing for: Michigan in Detroit, said the two employees in Michigan already Already, the Washtenaw and Acquisitions • Restructurings • Turnarounds • Growth Livingston United Way affiliates organizations traditionally have may make payroll deduction con- Also providing Factoring Services and D.I.P.Financing taken different approaches. “If you tributions to both America’s Char- say they would treat America’s were to get a list of the charities ities and United Way agencies. Charities just as they do other non- 26677 W.Twelve Mile Road • Suite 116 • Southfield, MI 48034 they have as part of their package, “One of the things we’ve agreed United Way partners through its (248) 358-8352 they are national and even inter- to do is to reach out to some of the “open designation” policies: Both national in focus, which is com- other nonprofits and companies groups pass along donations to any pletely different than United that might be interested in this,” legitimate nonprofit designated by Way’s focus. They are strictly a said Mike O’Hair, vice president of an employee, regardless of fundraising vehicle with a pass- Warren/Connor Development whether it’s a United Way-member through to their recipient or par- Coalition in Detroit. agency. United Way for Southeast- ticipating charities. They are not “But we’ve been very clear that ern Michigan does not have such a locally invested in this communi- we’re not interested in bringing policy. Milwaukee • Chicago • Fort Wayne • Detroit • Cincinnati • Cleveland • St. Louis ty, looking at the current pressing companies in that are affiliated Sherri Begin: (313) 446-1694, needs of our hometown.” with United Way,” he said. “We [email protected] © 2003 Wells Fargo Business Credit, Inc. All rights reserved. DETROIT BUSINESS MAIN 04-24-06 A 20 CDB 4/21/2006 6:06 PM Page 1

Page 20 CRAIN’S DETROIT BUSINESS April 24, 2006 Schostak: Firm spends $125M for strip centers near Wal-Marts ■ From Page 1

Schostak Bros. is led by co-Presidents into Target or Wal-Mart and do it all at once, vesting in centers located near Wal-Mart. Schostak Bros. is being more aggressive in Robert Schostak and David Schostak, as rather than having to go to a series of stores “That looks like pretty good strategy to its growth strategy than in the past, said Ran- well as Mark Schostak, president and CEO inside of a mall.” me,” Klein said. dall Thomas, director of retail and land bro- of Team Schostak Family Schostak said it’s rare to see enclosed re- None of Schostak’s acquired properties kerage for Colliers International in Southfield. Restaurants, the compa- gional malls being developed anymore, a are located in Michigan. Robert Schostak “They’re clearly positioning themselves ny’s restaurant manage- trend he says illustrates how regional malls said the company remains committed to the for the future,” Thomas said. ment arm. have fallen out of the public’s favor. local market, but also is looking for ways to Thomas was president and CEO of Insite The company said the Chris Brochert, a partner with Lormax invest across the map. Commercial Group, a Southfield-based real es- value of its portfolio is Stern Development Co. in West Bloomfield “We would buy properties in Michigan if tate brokerage firm formed by Thomas and $500 million. Township, agreed that developers are stay- the right opportunity came along,” he said. Schostak Bros. in 2001. Colliers acquired In- Some of the new acqui- ing away from developing new regional “We’re not shy about that, but the opportu- site in January for an undisclosed sum. sitions are part of a joint malls. But he said that may be because nity to diversify our real estate asset base in Schostak Bros. and Thomas had owner- venture with New Hyde many major department stores have consol- other markets is also important to us.” ship in Insite, but did not disclose how much Park, N.Y.-based Kimco idated, making it difficult to offer a variety Schostak’s acquisitions are just part of Robert Schostak of a stake they have in Colliers since the ac- Realty Corp., one of the of anchors in a mall. the changes that came out of the company’s quisition. country’s largest shopping center owners He said existing regional malls still are business planning. The company also has Thomas described Schostak Bros. as shift- and operators. doing a good amount of business, although entered into several other joint-venture ing from a “defensive” strategy into an “of- The brothers are optimistic about the the development trends are shifting toward agreements as it continues to expand. fensive mode,” something he believes will company’s new properties, and plan to open-air shopping centers. “We made a conscious effort to enter into carry on at the company. spend $100 million annually in acquiring “What you’re seeing replace the regional more joint-venture relationships to broaden “I think you’ll see them continue to be on similar strip centers. mall is the lifestyle center,” Brochert said. our horizons and expand our business,” an aggressive front with new developments “We expect that to continue into the fore- Lifestyle centers generally feature Mark Schostak said. both big and small,” Thomas said. seeable future — well into the next several streetscapes resembling a village and in- Team Schostak is expanding through a Schostak Bros. continues to move forward years,” Schostak said. clude specialty retailers and restaurants. joint venture with Troy-based Olga’s Kitchen on projects such as the $80 million redevel- The acquisitions represent a strategy Historically, the Schostak business has Inc. and a 13-store development agreement opment of Wonderland Mall in Livonia, which change for Schostak Bros. that stemmed out had a knack for managing and leasing cen- with Lake Forest, Calif.-based Del Taco that will be anchored by Wal-Mart and Target of a series of business planning meetings ters anchored by a major retailer, said Bar- will allow it to add restaurants to its portfo- more than two years ago. ry Klein, chairman of Barry M. Klein Realty En- lio of 65 Burger King restaurants in Michi- and is scheduled to open in summer 2007. Through the late 1990s, the company oper- terprises L.L.C., a West gan. (See story, page 7.) The company still seeks tenants for the ated about 10 regional malls in Michigan Bloomfield Township- The company has formed the Schostak- Gateway Office Center at I-696 and Wood- and the Midwest. The company has since based real estate leasing Fisher Group to handle residential land enti- ward Avenue in Royal Oak. The mixed-use sold all of those properties, three in the last and development compa- tlement for property in Florida and Michi- development is to include a hotel, offices, re- three years — Laurel Park Place in Livonia, ny for retail property. gan. Schostak-Fisher prepares land for tail and condominiums and is scheduled to Macomb Mall in Roseville and a mall in Klein worked for developers, such as by getting zoning ap- open in 2008. Columbus, Ind. Schostak from 1970-83, at provals or installing infrastructure. It then Mixed-use developments are also being The company decided that consumers one point as vice presi- sells the properties to developers. planned for a 200-acre site at M-14 and Got- were shifting away from malls and going to dent and co-director of the A 400-acre, mixed-use property planned fredson Road in Salem Township and at the open-air retail centers that offer conve- company’s shopping cen- for the Northville State Psychiatric Hospital former Detroit Artillery Armory site in Oak Park, which includes 95 acres. nience, Robert Schostak said. Klein ter division, when it was property in Northville Township, and a Tar- “That doesn’t mean a mall like Twelve led by the Schostak broth- get Corp.-anchored strip center at M-59 and Although Robert Schostak said retail leas- Oaks (Mall) or (The Somerset Collection) ers’ father, Jerome Schostak. Adams Road in Rochester Hills are being ing has been “sluggish” at the Lofts of Mer- doesn’t have a great life in front of it,” he During that time, he said Schostak invest- planned through another joint venture with chants Row in Detroit, two new tenants — said. “It does, because there’s still that large ed in nearly two dozen centers anchored by Bloomfield Hills-based Real Estate Interests Woodhouse Spa and Studio Couture clothing part of the population that wants the selec- Kmart Corp., when it was one of the country’s Group Inc. store — have signed leases and are sched- tion … where they can see 100 stores at once. strongest retailers. The Northville Township plan is in limbo, uled to move in later this year. “But if you’re shopping for back-to-school Klein said Schostak Bros. likely will be however, pending the outcome of at least Sheena Harrison: (313) 446-0325, supplies for your kids, you’re going to run similarly successful with its strategy of in- one lawsuit to block the sale. [email protected]

Keith: Community benefits from friendship JCI wins deal ■ From Page 1 to supply interior Keith holds a master’s degree in law Taubman and the from Wayne State and is widely known ABOUT THE DONATION late Max Fisher moved for his landmark decisions in cases in- Parks into their River- volving human rights, such as a school-in- A. Alfred Taubman’s $3 million gift to front Towers develop- parts for Saturn Wayne State University is the largest single tegration case in Pontiac and a 1971 wire- ment rent-free until her amount ever given to the law school, said Johnson Controls Inc. will supply the seating tapping case. Dean Frank Wu. death last year. When Parks was too system and other interior components for the The issue of illegal wiretapping is alive The law school is looking to raise $16 and well, Keith said, alluding to the recent sick to fly a commer- 2007 Saturn Outlook crossover. million to fund design, construction and The vehicle features a second-row sliding fea- controversy over President George initial operation of the cial plane to the 2000 Damon J. Keith ture that allows for easier access to the third- Bush’s approval of wiretapping in the in- Center for Civil Rights. opening of a Mont- row seats of the vehicle, which can seat as many terests of national security. Its campaign is part of the $500 million Wu gomery, Ala., civil as eight. Johnson Controls, whose automotive “This is why the center for civil rights capital campaign Wayne State launched rights museum named headquarters is in Plymouth, jointly developed is so important, so we can teach young last May. for her, Keith again called his friend. The the component with General Motors Corp. men and women about the Constitution, With Taubman’s gift, Wayne State has mall mogul sent his private jet for her. “The innovative seats will allow passengers the Bill of Rights and the Declaration of raised more than $300 million to date, said “With friends like him,” a person is sure to easily get into and out of third-row seating ar- Independence,” Keith said. Susan Burns, vice president for to go broke, Taubman joked. development and alumni affairs, and eas,” Brian Kesseler, Johnson Controls’ general “Mr. Taubman has had a commitment Taubman’s gift is the largest to the law president of the Wayne State University school, Wu said. It combines Taubman’s manager for North America, said in a statement all his life, knowing the way he can turn Foundation. last week. America around is through educating vision for revitalization of Detroit with Keith’s passion for civil rights, he said. Terms of the deal were not disclosed. youth.” Taubman took care of it — and the asso- The university’s law graduates have Johnson Controls also will supply overhead Keith, 83, said he has always tried to ciated costs. systems, door panels, instrument clusters and long dominated the metropolitan Detroit avoid asking Taubman to do anything for For his role in directing bicentennial cargo storage systems for the Outlook. bench and the state, said Wu, 38. him personally. “It’s the mission, the events, Keith’s name appears on bronze- Johnson Controls has been one of the few “We are now poised to move to the next cause I try to get him involved in, and he’s cast plaques of the Bill of Rights hung in companies with a large automotive business do- never said no.” every federal building in the U.S. “It’s a level academically and nationally.” ing well on Wall Street. Its shares were trading Taubman and Keith say they have been testament that the judge has national Just as people go to Comerica Park for a Friday, April 21, at $81.20. The shares have trad- friends for 25 years, but neither can recall stature on the issue of civil rights,” said ball game or the Max M. Fisher Music ed between $53.10 and $82.19 the past 52 weeks. how they met. Frank Wu, Wayne State’s law school Center for a concert, Wu hopes the public The company’s financial health has been bol- When Keith served as national chair- dean. will see the new civil rights center as a stered by shunning the philosophy of selling man of a committee commemorating the When the late civil rights activist Rosa hub for discussing current issues. parts at a loss and making up for it in volume, bicentennial of the Constitution in 1987, Parks was mugged in her Detroit home in “That’s what makes a law school great Keith Wandell, president of the company’s auto- he needed special music for the Detroit 1994, Keith called Taubman, who was in and how we contribute to a diverse motive group, said at a conference sponsored by celebration. He called Taubman to ask if New York at the time, and told him he did- democracy,” he said. the Federal Reserve Bank of Chicago’s Detroit he could help get musicians from Inter- n’t want her going back to her old neigh- Sherri Begin: (313) 446-1694, branch last week. lochen Center for the Arts to play. borhood. [email protected] — Crain News Service DETROIT BUSINESS MAIN 04-24-06 A 21 CDB 4/21/2006 4:52 PM Page 1

April 24, 2006 CRAIN’S DETROIT BUSINESS Page 21 Electric: Customers return to home utilities www.crainsdetroit.com ■ From Page 3 EDITOR-IN-CHIEF Keith E. Crain PUBLISHER Mary Kramer, (313) 446-0399 or [email protected] suppliers is now about 10 percent, things raised the distribution by customers’ departures. ASSOCIATE PUBLISHER Christopher Crain, compared with 20 percent two MAKING THE SWITCH rates for Edison choice customers Jeff Buxton, executive vice presi- (313) 446-1645 or [email protected] years ago. In 2005 alone, the num- while lowering them for utility dent of marketing for Pittsburgh- EXECUTIVE EDITOR Cindy Goodaker, (313) 446- ■ Customers that leave Detroit 0460 or [email protected] ber of customers in Edi- customers. based Strategic Energy L.L.C., said Edison Co. must remain with MANAGING EDITOR Jeff Karoub, (313) 446- son’s territory served by “There’s no doubt that higher Michigan is not the “hotbed of ac- 0402 or [email protected] alternative suppliers for two ASSISTANT MANAGING EDITOR Michael Lee, alternative suppliers years if they want to later wholesale prices have had an im- tivity” that it used to be for the com- (313) 446-0416 or [email protected] dropped 20 percent, return to the utility in peak pact on the market. But very clear- pany. But he and other suppliers SPECIAL SECTIONS EDITOR Shawn Selby, (313) while the overall summer months and pay ly the commission’s orders, culmi- said there are ways they still can 446-1654 or [email protected] GRAPHICS EDITOR Nancy Clark, (313) 446- electrical load regulated rates. nating in the … order in December compete for customers and be an at- 1608 or [email protected] served by those sup- ■ They also must notify 2005, have had an impact, because tractive option to utility service. COPY EDITOR Vic Doucette, (313) 446-0410 pliers dropped 36 Edison of their intention or [email protected] they substantially increase the And Quest Energy’s Stiers said DATA EDITOR Anne Marks, (313) 446-0418 or percent, according to to return to Edison rates that retail-choice customers suppliers are continuing to press [email protected] summer service by Dec. 1 WEB EDITOR Dan Eizans, (313) 446-0473 or a February report have to pay,” said Constellation’s for changes at the PSC to alleviate of the prior year. [email protected] from the PSC. Harvill. He is a former director of disadvantages. EDITORIAL SUPPORT Anita Duncan, (313) ■ Customers that don’t give the Consumers Energy Co. regulatory affairs for Detroit Edi- “We’re not giving up on it as a 446-0329; Joanne Scharich, (313) 446-0419 has seen its electric load required notice or don’t stay with NEWSROOM (313) 446-0329, FAX (313) 446- a supplier for two years pay a son. potential market. Our focus in 1687 TIP LINE (313) 446-6766 served by alternative The PSC has said it was attempt- Michigan is changing what we higher regulated rate or market- REPORTERS suppliers drop to 4 per- ing to strike a fair balance be- can, which is working in Lansing based rate, whichever is higher. Robert Ankeny: Covers the city of Detroit, Wayne cent from 12 percent a tween the competing interests of so that people understand our po- County government, and law. (313) 446-0404 or year ago and 10 per- don’t stay on Edison service for [email protected]. customers and utilities. sition,” he said. Sherri Begin: Covers nonprofits and education. cent in April 2004. one year must pay a premium on In an interview last week, PSC The PSC’s annual report on the (313) 446-1694 or [email protected] In Consumers’ terri- top of the regulated utility rates. Andrew Dietderich: Covers innovation and Chairman Peter Lark said that as status of electric competition in workforce. (313) 446-0315 or tory last year, the choice-customer Customers that leave Edison of 2004, the dis- Michigan showed significant de- [email protected]. count fell 19 percent. Anjali Fluker: Covers Macomb and Oakland must remain with alternative sup- tribution rates clines for most suppliers from 2004 counties, services and environment. (313) 446- The shift is good news for the pliers for two years if they want to charged choice to 2005: Strategic Energy went 6796 or [email protected]. utilities: Detroit Edison, for exam- later return to the utility in peak Sheena Harrison: Covers small business, retail customers were from 4,686 customers to 3,391, a and nonautomotive manufacturing. (313) 446- ple, has cited the return of cus- summer months and pay regulat- “as low or lower 27.6 percent drop; Quest went from 0325 or [email protected]. tomers as a factor in its improving ed rates. They also must notify Tom Henderson: Covers banking, finance and than” in neigh- 1,576 to 870, a 44.8 percent decline. technology. (313) 446-0337 or economic picture. Edison had the Edison of their intention to return boring Illinois Constellation NewEnergy actu- [email protected]. to Edison summer service by Dec. Michelle Martinez: Covers health care, highest commercial rates of the and Ohio. And ally gained customers, rising 80.4 transportation and international business. (313) two utilities and the largest cus- 1 of the prior year. in issuing the percent from 2,358 to 4,253, but has 446-1622 or [email protected]. Customers that don’t give the re- Jennette Smith: Covers real estate and tomer exodus as suppliers capital- December 2005 lost customers since the end of hospitality. (313) 446-0414 or ized on the margin or “headroom” quired notice or don’t stay with a Edison order, 2005, the company said. [email protected]. Lark Brent Snavely: Covers auto suppliers, steel and between what a utility charged and supplier for two years pay a higher the PSC said it One thing on which both suppli- restaurants and entertainment. (313) 446-0405 suppliers could offer. regulated rate or market-based needed to bring parity between ers and utilities agree: Michigan’s or [email protected]. This summer, Edison will have rate, whichever is higher. distribution charges for choice LANSING BUREAU hybrid electric-choice program is Amy Lane: Covers business issues at the to buy more power than last sum- Champley said such changes — customers and those on utility ser- likely to remain fluid. And while Capitol, telecommunications and utilities. (517) 371-5355, FAX (517) 371-2492, mer to meet peak demand and “leveling … the competitive play- vice. some say the marketplace migra- [email protected]. or 115 W. Allegan, Suite 220, compensate for customers that ing field” — have contributed to Lark also said that the 2006 ab- tion is not in the best interest of ei- Lansing 48933. have returned. customer returns but were not the sence of a transition charge in De- ther suppliers or utilities, Lark ADVERTISING But Mike Champley, senior vice biggest factor. troit Edison’s territory could be in said the most stable market would ADVERTISING DIRECTOR Marla Downs, (313) 446-6032 or [email protected] president of regulatory affairs for “A year from now, whether alternative suppliers’ favor and be one that provides customers SALES INQUIRIES: (313) 446-6052; FAX (313) Edison parent DTE Energy Co. choice volumes are at 10 percent boost electric-choice activity. with no choices, and no ability to 393-0997 (NYSE: DTE), said the “$64,000 or back up to 15 percent or down to However, a pending case deal- obtain lower rates from alterna- NEW BUSINESS DEVELOPMENT MANAGER question” is how long customers five, will really be dependent on ing with 2004 Detroit Edison costs tive suppliers. Cathy Ross, (313) 446-0307, [email protected] ADVERTISING SALES Jeff Anderson, Terri will stay if wholesale electricity where the wholesale market could restart such a charge. The “If you want everything to be Engstrom, Matthew J. Langan, Shawn prices, which have dropped in re- prices are at this time,” he said. charge is paid by customers who completely static, then a regulated McCracken, Tamara Rokowski, Dale Smolinski WESTERN ACCOUNTS Ellen Mazen (Los cent months, continue to decline. But suppliers say the PSC or- buy electricity from alternative market would do it,” he said. Angeles) (323) 370-2477 Under a November 2004 PSC orders were significant, including a suppliers to help utilities recoup Amy Lane: (517) 371-5355, CLASSIFIED MANAGER Melissa McKay, (313) 446-1692 der, returning customers that December order that among other investment costs left “stranded” [email protected] CLASSIFIED ACCOUNT EXECUTIVE Rebekah Cook, (313) 446-1655 MARKETING DIRECTOR Mary Ann Short MARKETING ASSISTANT Jennifer Dunn MARKETING ARTIST Sylvia Kolaski SALES SUPPORT Ann Perry, Andrea Beckham, YahNica Crawford Wireless: Boom is boost to Internet providers CIRCULATION Candice Yopp, Manager. PRODUCTION MANAGER Wendy Kobylarz ■ From Page 3 PRODUCTION SUPERVISOR Larry Williams, (313) 446-0301 SUBSCRIPTIONS (313) 446-0450, Some wireless service providers target pro- 2000. GlobalView Technologies L.L.C. bought networks.” (888) 909-9111 jects such as Wireless Washtenaw and Wireless Clover from SBC in 2001 and the company went That means instead of simply having a wire- TO FIND A DATE A STORY WAS PUBLISHED: (313) 446-0367 or e-mail the Crain Information Oakland. Others, such as Rochester Hills-based bankrupt in 2003. less network, companies are saying they want Center at [email protected]. Azure Wireless, concentrate on specific private- RF Connect specializes in all things wireless, a wireless network that is able to track all med- CRAIN’S DETROIT BUSINESS IS PUBLISHED BY sector markets. employs 10 today and could hire as many as 20 ical equipment within a hospital, for example. CRAIN COMMUNICATIONS INC. CHAIRMAN Keith E. Crain In addition to making headline-grabbing pro- in the next year to accommodate growth. RF Polakowski said opportunities in the manu- PRESIDENT Rance Crain jects such as Wireless Washtenaw and Wireless Connect already has 100 customers, said Jeff facturing and health care sectors as well as re- SECRETARY Merrilee Crain Oakland reality, wireless-service providers Hipchen, vice president. placement of first-generation wireless net- TREASURER Mary Kay Crain Executive Vice President/Operations also are improving the efficiency of companies Ann Arbor-based Everyware Inc. expects rev- works are driving growth. William A. Morrow and creating jobs. Some players say growing Wolff said 20/20 Communications just signed Group Vice President/Technology, enue for the $1.2 million company to increase to Manufacturing, Circulation demand justifies the crowded field; others pre- nearly $2 million by the end of this year, driven a $1 million deal to set up wireless networks for Robert C. Adams dict it’s ripe for consolidation. five charter schools in metro Detroit. He said Vice President/Production & Manufacturing in large part by new wireless customers. 20/20 Communications, one of the four finalists he expects a lot more opportunity to emerge in Dave Kamis The company, founded by a private group of Corporate Director/Circulation for the Wireless Washtenaw project, expects the educational sector. Patrick Sheposh investors in 1999, originally offered Web-site revenue of between $10 million and $12 million And there are also municipal projects. 20/20 G.D. Crain Jr. Founder (1885-1973) hosting services. Everyware still does that, Mrs. G.D. Crain Jr. Chairman (1911-1996) this year. That’s up 35 percent from last year. Communications, for example, won the con- said President Bruce Zak. But wireless, which EDITORIAL & BUSINESS OFFICES: The company, which provides telecommuni- tract to provide wireless services to Sylvan 1155 Gratiot Ave., Detroit MI 48207-2732; cations services including wireless Internet to accounts for 10 percent of its business today, is Lake. (313) 446-6000 too good to pass up, he said. Cable address: TWX 248-221-5122 AUTNEW DET nearly 500 customers in Southeast Michigan, Polakowski said current and forecasted de- Subscriptions $59 one year, $98 two years. Out Everyware is in the running to be the service of state, $79 one year, $138 for two years. also plans to hire more than 10 people and open mand for wireless services won’t slow down Outside U.S.A., add $48 per year to out-of-state five storefronts this year, said Bill Wolff, presi- provider for Wireless Washtenaw. anytime soon, leaving plenty of opportunity for rate for surface mail. Reprints: For inquiries call the reprints dent of 20/20. “The technologies and opportunities just all players. But Wolff said that he expects a department at: (800) 494-9051, Ext. 144 , or at Farmington Hills-based RF Connect L.L.C., keep getting better,” Zak said. shakeout. [email protected] Demand allows for so many companies to co- CRAIN’S DETROIT BUSINESS ISSN # 0882-1992 formed by a group of investors led by the 20/20 Communications formed last Novem- is published weekly by Crain Communications Inc. founder of the former Wixom-based Clover Tech- exist, said experts such as John Polakowski, ber after a merger of the former Ann Arbor Wire- at 1155 Gratiot Ave., Detroit MI 48207-2732. Periodicals postage paid at Detroit, MI and nologies, expects revenue to be about $5 million owner of Azure. less and former PCS Broadband. Wolf said he ex- additional mailing offices. POSTMASTER: Send address changes to CRAIN’S DETROIT BUSINESS, this year. “The marketplace is a lot bigger than it was pects 20/20 Communications to announce Circulation Department, P.O. Box 07925, Detroit, just three years ago,” Polakowski said. “You’re MI 48207-9732. GST # 136760444. Printed in RF Connect was founded in 2004 by George another acquisition next month, but didn’t U.S.A. Riley and two former executives from Clover. having a lot of small- to medium-sized business- want to comment on the deal yet. Entire contents copyright 2006 by Crain Communications Inc. All rights reserved. Riley sold Clover to Ameritech Corp. in 1999. SBC es moving in the direction of not just throwing Andrew Dietderich: (313) 446-0315, adiet- Reproduction or use of editorial content in any inherited Clover when it bought Ameritech in up access points, but very application-driven [email protected] manner without permission is strictly prohibited. DETROIT BUSINESS MAIN 04-24-06 A 22 CDB 4/21/2006 7:07 PM Page 1

Page 22 CRAIN’S DETROIT BUSINESS April 24, 2006 RUMBLINGS WEEK IN REVIEW FROM WWW.CRAINSDETROIT.COM, WEEK OF APRIL 15-21

for $10, $25 and $50 and tax break to secure the pro- Creek and Brooks Bros. point-of-purchase signs to Credit union ject. It would retain 300 jobs. ■ The UAW said Wednes- Old? Who are advertise them. day that it is willing to make The proceeds of the ON THE MOVE some sacrifices for Novi- cards, for sale since Novem- withdraws based bankrupt automotive ber at Warren Prescrip- ■ Richard Blouse to chair- supplier Tower Automotive you calling tions, a Farmington Hills bank-conversion man and CEO of Detroit- Inc., including more flexible Sav-Mor drugstore, not only based Axiolog Americas, a work rules and employee support Children’s Hospital global cargo logistics firm classifications. The union is but also can be redeemed application and division of Axiolog Inter- less open to wage cuts. old, buddy? for $5 off a purchase of $25 national GmbH. Blouse will ■ Michigan’s unemploy- or more at the drugstore. continue to lead the Detroit ment rate rose to 6.8 per- FCU Financial Federal So far, the store has sold Regional Chamber until at cent in March, up from 6.6 Credit Union of Dear- urtan’s People are definition radio station about 40 cards, bringing in least October. percent in February but D born, the largest cred- going after the with a rock music history $600 for Children’s, Wolfe ■ Asaf Farashuddin to the down from 7 percent in it union in the state with P younger set — with format in June, Allan said. said. The cards cost about new position of vice presi- March 2005. about $1.8 billion in assets the same set list. The station is on the air to 85 cents apiece to produce, dent, corporate strategy, ■ The Michigan Supreme and about 160,000 members, WOMC FM 104.3 is drop- listeners with digital ra- he said. Visteon Corp., Van Buren Court on Thursday ordered announced Monday it has ping the word “oldies” from dios, but currently is play- Children’s hopes to get Township, from executive 36th District Judge David withdrawn its application to its name starting this week. ing similar music to the the cards into additional director and global leader Bradfield suspended with- convert to a bank. The station, known as flagship station. Sav-Mor stores and other of corporate strategy, Cum- out pay until further order. An opposition group had “Oldies 104.3 WOMC,” is retail chains next, said mins Inc., Columbus, Ind. Bradfield was found amassed enough signatures calling itself “Motor City’s Suzanne Chandler, the hos- ■ Susan Martin to provost guilty of misconduct by the to schedule a meeting to 104.3 WOMC” in an effort to pital’s major gifts officer. and vice chancellor for aca- Judicial Tenure Commission vote on recalling DFCU’s attract younger last December for his con- board of directors. The con- demic affairs, University of listen- frontation with Detroit version would have been Michigan-Dearborn, subject ers. A First Independence Deputy Mayor Anthony the largest in U.S. history. to board of regents ap- new sponsor of NAACP dinner proval. She had been execu- Adams over a parking space station outside the courthouse in For the first time in its tive associate vice presi- logo, de- Dispute shuts Freedom Hill dent for academic affairs, April 2005, and for a similar signed 51-year history, the NAACP’s incident with a Gem Theatre Barring a miracle, there Grand Valley State Univer- by Seven annual Fight for Freedom parking attendant in 2002. will not be a concert season sity, Allendale. Martin is to Design Stu- Fund Dinner will have an ■ Donovan Reynolds, for- this year at Freedom Hill due replace Robert Simpson, dio in Roy- African-American-owned mer director of the Univer- to a dispute over parking who is returning to the fac- al Oak, business — Detroit-based sity of Michigan’s public ra- fees between the amphithe- ulty as a biology professor. will roll First Independence Bank — dio and TV stations, ater and the county, said out this as a sponsor. received more than $108,000 Hank Riberas, spokesman week. Hospital using gift The event, which draws BRIEFLY in exchange for resigning for Hillside Productions Inc. ■ The sta- more than 10,000 to Cobo Akebono Corp. North and cooperating in a crimi- cards for fundraising and director of real estate tion still will play music pri- Center, is reputed to be the America said it will move its nal probe of the stations, for Sterling Heights-based marily from the 1960s and Children’s Hospital of Michi- largest sit-down dinner in North American headquar- the Detroit Free Press re- Roncelli Inc. ’70s. Kevin Murphy, vice pres- gan Foundation is trying out the U.S. This Sunday’s din- ters from Farmington Hills ported. He also agreed not Hillside Productions last ident and general manager, a new fundraising ap- ner will feature U.S. Rep. to Elizabethtown, Ky. to sue the university for age month filed suit in U.S. Dis- and Steve Allan, program di- proach: giving consumers Sheila Jackson Lee, D-Texas, ■ Gov. Jennifer discrimination. trict Court against the county rector, said while 25-35 year- the chance to make dona- as the keynote speaker. For Granholm announced her ■ Jon Rutherford, presi- after the county, which olds may have The Beatles or tions at the checkout information, go to www. administration would draw dent of Highland Park owns the land, demanded all Aretha Franklin songs in their counter through charitable detroitnaacp.org. Tickets up a rule to require Michi- homeless shelter Metro parking revenue from non- iPods, they don’t feel com- “gift” cards. are $150. gan power plants to reduce Emergency Services, was in- concert events instead of a fortable with the “oldies” Most drugstores sell gift mercury emissions by 90 dicted Thursday by a feder- share. tag. cards for retailers, restau- BITS AND PIECES percent by 2015, a more al grand jury in Detroit on Auburn Hills-based The station, which has rants and wireless minutes, stringent regulation than charges of conspiracy and ■ Don Tanner, a partner in Palace Sports & Entertainment had an oldies format since said Andrew Wolfe, who sits required by federal law. income tax evasion. the Farmington Hills-based said it would no longer man- 1989, appeals to listeners be- on a fundraising committee ■ Michigan businesses ■ Wolfgang Puck may age and operate the am- tween 35 and 64 with an av- for the foundation. “Our vi- marketing firm Marx Layne discharged 97 million open a restaurant at the new phitheater, leaving Hillside erage listener age of 50. sion is to do the exact same & Co. has published a book, pounds of toxic chemicals MGM Grand Detroit Casino, without a staff. Palace Radio personalities Dick thing for charity,” he said. No Static at All — A Jour- in 2004, 7 percent less than WCSX 94.7 FM reported. Sports remains interested Purtan and Tom Ryan will con- Wolfe and his company, ney Through Radio and Pop the previous year, the Michi- ■ Farmington Hills- in buying Freedom Hill if tinue to anchor the morning Bloomfield Hills-based Deal- Music, which looks at gan Department of Environ- based Village Green Cos. ac- Hillside is able to resolve and afternoon drive-time er Concepts L.L.C., adminis- where radio went wrong mental Quality said Monday. quired Chicago-based Cam- the dispute, said public-rela- slots, respectively. Purtan ter Matt Prentice Restaurant and how it can get back on ■ Cleary University breaks co Inc., creating Village tions director Jeff Corey. signed a five-year contract Group’s gift card and fre- track. It was self-published ground May 18 on the Lloyd Green Management Co. — in late December and will be quent-diner programs and through Nebraska-based iU- and Mabel Johnson Center for Camco L.L.C. The company inducted in the National Asso- those of several Toledo niverse Inc. The book is be- State offers GM tax break Business and Community Ex- manages properties. ciation of Broadcasters Hall of restaurants. ing used in a radio-business cellence at its Howell cam- Fame Tuesday. His company spent about course at Syracuse University The state is offering a pus. The $5.4 million, 26,868- OBITUARIES The station also plans to and is available from online $41.5 million tax-incentive square-foot center will $1,675 to produce 1,000 Chil- ■ Peter Betrus, co-founder roll out a companion high- book sellers. package to General Motors house classrooms, a student dren’s Hospital gift cards of Troy-based Detroit Flexi- Corp. to help win as much as lounge and reception area. ■ ble Metal Products, died of a $407 million in two South- A hedge fund run by stroke April 18. He was 89. east Michigan operations. shareholder David Tepper ■ Robert Graham, former The Michigan Economic is trying to stop Troy-based senior vice president of Wrestling with RSS Growth Authority board Tues- Delphi Corp. from throwing Birmingham-based Com- day approved a $34.7 mil- out its union agreements pass Group Ltd., died April and voiding thousands of You may have noticed a few changes reader application by performing a lion, 20-year single-business- 17. He was 80. and additions to our Web site since Google search for “RSS Readers.” contracts with General Mo- ■ tax credit toward a potential Arthur Howard, co- we relaunched crainsdetroit.com on There are several options, including tors Corp. In two prelimi- $125 million GM investment founder of investment and April 11. Among the most advanced programs that work within your browser nary objections filed Mon- land-development company in its Ypsilanti Township of these changes is the addition of or from your computer’s desktop. day in U.S. Bankruptcy Court Howard Bros. Development in RSS (real simple syndication) feeds. Once you’ve downloaded the software transmission plant, and a for the Southern District of Southfield, died of heart Our RSS feed allows you to see the and installed it, you’re ready to start $1.9 million tax abatement. New York, Appaloosa Manage- failure April 16. He was 93. headlines posted to our Web site grabbing headlines dynamically. The project would retain up ment L.P. argues that in- ■ Bobby Shelton, former without even being on the page. Instructions for installing the feed can to 2,000 jobs. vestors need time to ana- owner of Grand River Veteri- If you’re interested in getting be found by going to our home page GM is also considering a lyze Delphi’s motions. nary Hospital in Detroit, died started with RSS, you’ll first need a and clicking on “Get RSS News Feeds” $282 million investment in ■ Bloomfield Hills-based of cancer April 14. He was 73. reader. RSS readers are software WEB WORLD in the upper left corner, under the its Warren transmission Taubman Centers Inc. an- ■ Robert Shoemaker, that translates the syndicated code Daniel Eizans search box. plant. The state supports nounced that tenants for The chairman of Detroit-based into something you can actually We’re hoping you’re enjoying the new that project with a more Mall at Partridge Creek, sched- Kolene Corp., a maker of sur- read. look on Crainsdetroit.com so far. We certainly than $4.9 million tax break, uled to open in Clinton face cleaners for industry, Popular news readers include RSS Bandit, welcome any feedback as well. Send thoughts and the Warren is consider- Township in October 2007, died following a brief ill- Sage, Feed Demon and Bloglines. Find a news to [email protected]. ing a 12-year, $19.8 million include Ann Taylor, Coldwater ness April 6. He was 84. DBpageAD.qxd 4/18/2006 9:08 AM Page 1 Connect your business. Four free.

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