pistons

Downtown Detroit is projected to enjoy $5.4 billion in capital investment between now and 2020, with more than 6,000 new apartment units, 1,200 new hotel units and 2.1 million square feet in new office space in development. The figures are from a CBRE Group Inc (NYSE: CBG) report that identifies...

Billionaire Detroit Pistons owner and private equity investor Tom Gores is reportedly attempting to enter the world of private prison contractors, asking the FCC for approval on the purchase of Securus Technologies, Inc., a prison telephone service. It’s a company that’s been criticized...

According to the Free Press, New York-based Citigroup (NYSE: C) has been retained to assess the value of the Pistons. The site has quoted sources close to the situation as saying that C, which is currently going over the books, may finally place the franchise for sale. The source, which wished to...