BLOOMFIELD HILLS, MI-The retail company names CFO Payne vice-chairman and promotes William S. Taubman to chief operating officer. Taubman is a son of company founder A. Alfred Taubman.
ROMULUS, MI-The county is asking for state tax breaks to create a special 25,000-acre business district near Detroit Metropolitan Airport. The district, which is meant to spur economic development, would be located between Detroit Metropolitan Airport and the nearby Willow Run Airport.
DETROIT-A local investor purchases a former state office building in the city for $6.3 million from the Michigan Department of Management and Budget. The sale of the building is the second transaction in the state's pursuit to rebalance its real estate holdings.
LAKE ODESSA, MI-A mid-Michigan food processor is expanding its operations. The Sunny Fresh plant will serve as a process and distribution center for the shipment of eggs.
LIVONIA, MI-CBL & Associates Properties has closed on the acquisition of a 70% joint venture interest in Laurel Park Place in Livonia from Schostak Brothers & Co.
LIVONIA, MI-CBL & Associates Properties has closed on the acquisition of a 70% joint venture interest in Laurel Park Place in Livonia from Schostak Brothers & Co.
NOVI, MI-The new $18 million exposition and convention center in Novi, scheduled to open in late August, will be named Rock Financial Showplace after owners TBON LLC announce the naming sponsor of the facility.
HOWELL TOWNSHIP, MI-New Hudson-based Datapak Services is building two new, neighboring facilities here. Encouraging the company's relocation, the township board grants a $5.9 million, 50% tax break for 11 years to the computer data services company.
DETROIT-Office leasing activity in the metro region was slow in the first quarter of 2005, although first quarter activity was still ahead of a flat Q4 in 2004. Despite sluggish results in Q1, the Downtown market continues its revitalization efforts in preparation for several large sporting events on the horizon, most notably the 2006 Super Bowl.
FARMINGTON HILLS, MI-The joint venture between Ramco-Gershenson Properties Trust and Clarion Lion Properties Fund has purchased a 276,000-sf neighborhood shopping center in Livonia. The acquisition is the 10th for joint venture since late last year.