TROY, MI-The multifaceted company adds a certified public accountant and an attorney to its acquisition team as it aims to buy $150 million worth of properties this year.
STERLING HEIGHTS, MI-"Commercial construction activity is starting to make a comeback," says Pete de Steiger, chief executive officer of Ray Electric and Ray Lighting Centers and chairman of the National Association of Electrical Distributors board of directors.
WARREN, MI-Grand Sakwa will begin work this spring on a mixed-use development on 312 acres along Mound Road between 12 Mile and 13 Mile. Anchored by a Meijer's and an office building, completion could be in three years.
YPSILANTI TOWNSHIP, MI-The 1,028-unit multifamily rental complex near Ypsilanti sells to Plato Foufas & Co. and JER Partners. The property, which includes 39 buildings in 176 acres, was listed at $45 million.
HARRISON TOWNSHIP, MI-A renovated barracks is one of several projects under development at Selfridge Air National Guard Base. A medical training facility and dining hall also are in the works.
FARMINGTON HILLS, MI-Agree Realty is offering one million shares of stock to raise new capital, hoping to reduce debt and pay general corporate expenses. It also acquires a preleased property near Lansing for $4.6 million.
FARMINGTON HILLS, MI-Agree Realty is offering one million shares of stock to raise new capital, hoping to reduce debt and pay general corporate expenses. It also acquires a preleased property near Lansing for $4.6 million.
DETROIT-Slow job growth limits prospects for the metropolitan area'smultifamily rental market, according to Marcus & Millichap's annual national rankings.
ANN ARBOR, MI-A 96-suite hotel, 75,000-sf athletic club and restaurant will anchor Strathmore Development's $125-million Lower Town development at Broadway and Maiden Lane.
ANN ARBOR, MI-A 96-suite hotel, 75,000-sf athletic club and restaurant will anchor Strathmore Development's $125-million Lower Town development at Broadway and Maiden Lane.