LANSING, MI-The Municipal Employees' Retirement System of Michigan has chosen CB Richard Ellis to market the new park located in the I-495 interchange, which has been a popular business hub for many years.
ROCHESTER, MI-After two decades, the commission finds a new home in a 92,000-sf facility sporting generous amenities. Residential development will eventually take the place of the old facility.
CLINTON TOWNSHIP, MI-Marcus & Millichap has sold the 89,000-sf landmark office building to a Florida company for $11.5 million. The building is 90% leased with a diversified tenant mix.
LIVONIA, MI-The Wonderland Mall is likely to be demolished in spring 2004, according to its owner. The demolition would make way for a new, smaller retail development.
DEXTER, MI-A slow economy appears to be the reason a local $150-million mixed-use housing and commercial development has been put on hold. The village council has withdrawn its approval as well.
COMSTOCK TOWNSHIP, MI-A developer has proposed redevelopment plans for a vacant 2.2 million sf former General Motors plant into a modern business park.
CLINTON TOWNSHIP, MI-A panel of local builders discussed real estate development in the county during a recent forum. Industrial space absorption is slow, and commercial is "holding its own" in Macomb County, the builders said.