DETROIT-The Karmanos Cancer Institute is looking for areas it can serve through an expansion. The health center cites an existing facility in Farmington Hills as an example of how the center hopes to grow.
SOUTHFIELD, MI-Mark Woods, a former director of Cushman & Wakefield in Detroit, joins Signature as managing director. Woods has been in commercial real estate in the Detroit region for 19 years.
AUBURN HILLS, MI-General Development is building a new facility in Auburn Hills Commerce Park for solar panel manufacturer. Completion and occupancy of the new facility is scheduled for May 2006.
DETROIT-Mike Gerard leaves Grubb & Ellis to head CB Richard Ellis' Detroit operations. Gerard succeeds Dennis Kateff at the Southfield CB Richard Ellis office. Kateff will return to his former role with the company as a senior client-service leader.
FRASER, MI-French company Faurecia says it will invest $12.7 million to purchase and upgrade a 264,000-sf vacant industrial building in this Detroit suburb. The company is also making an investment of $26 million in personal property for a total investment of $38.7 million.
WARREN, MI-Boosters make arguments to support Army's re-organization plans. Levin, the senior Democrat on the Senate Armed Services Committee, makes a "strong case" before the base-closings commission.
DEARBORN, MI-Severstal, which purchased the Rouge Steel facility in April 2004, plans to invest in the Dearborn steel-making plant. A University of Michigan economic analysis estimates that 9,295 spin-off jobs will be retained as a result of the renovation project.
PONTIAC, MI-Condo unit gets $7 million refinance package. The first note amount for $5.8 million has a 15-year term with a 30-year amortization and carries a note rate of 5.96%. The second note of $1.2 million has a 74-month fully amortizing term and carries a note rate of 6.02%.
DETROIT-Landmark Health says the new building was expanded before construction started due to demand. A total of 92% of the building was under commitment when the developer first broke ground, and the hospital will lease the outpatient space, which makes up 37% of the building.
DETROIT-Landmark Health says the new building was expanded before construction started due to demand. A total of 92% of the building was under commitment when the developer first broke ground, and the hospital will lease the outpatient space, which makes up 37% of the building.