Regions Midwest | Detroit
Michigan Restaurant Chain Changes Hands
May 9, 2008
Source: Crain's Detroit Business

A New York private equity firm has purchased a Michigan-based restaurant chain. That chain, bd's Mongolian Grill, was sold for an undisclosed amount by founder, president, and CEO Billy Downs to Kinderhook Industries, as reported by Crain's Detroit Business.

The first bd's was opened in 1992 in Royal Oak. Today, restaurant veterans Rodger Head and Clyde Culp are hoping to use their industry savvy toward an aggressive expansion. Currently, the brand has 33 locations in 11 states, as well as a franchise in Mongolia.

Read full story here.

 
Recent Detroit Headlines
62,000 SF of Industrial Space Snapped Up in Sterling Heights
July 11, 2008
The industrial property at 40675 Mound Road in Sterling Heights, about 20 miles from Detroit, Mich., has recently come under new ownership.
Commission to Consider Lavonia Mall Redevelopment Plan
July 03, 2008
With most of Livonia Mall's tenants having negotiated lease terminations, the road has been paved for a massive remake of the shopping center just outside of Detroit, Mich., and the Livonia Planning Commission intends to give the plan the once-over on July 15, according to Crain's Detroit Business.
Former GM Building to be Converted to $145M Arts College Campus
June 27, 2008
Vacated by General Motors nearly a decade ago, the 760,000-square-foot Argonaut Building in Detroit's New Center area is about to take on a new life, now that the College for Creative Studies has announced that it will spend $145 million to transform the property into a second campus.
BAE Plans 81-Acre Industrial Property Purchase in Sterling
June 20, 2008
BAE Systems has entered into an option with TRW Automotive to buy the former TRW Automotive Holdings Corp. plant in Sterling Heights, about 20 miles from Detroit, Mich.