CLINTON TWP., MI-Plans to revitalize the south business corridor of Clinton Township with a new CVS pharmacy have stalled. The pharmacy would replace a shuttered Beefcarver restaurant and Crown furniture store.
FARMINGTON HILLS, MI-Marcus & Millichap Real Estate salutes Mitchell Bleznak, who has amassed a $300-million portfolio since buying the 80-unit Buckingham Manor Apartments in Birmingham in 1982.
DETROIT-With MGM Mirage Inc.'s takeover of Mandalay Resort Group, the largest US gaming company is required by state law to sell either the MGM Grand Casino or its majority stake in MotorCity Casino.
DETROIT-St. John Hospital and Medical Center plans to build a 288,000-sf North Pavilion Moross at Mack Avenue. Completing of most of the work is expected in 2008.
MARYSVILLE, MI-Schefenacker Visions Systems USA drops plans to build a new plant in Mexico when it gets a 10-year lease on a 65,000-sf plant at cost, with the possibility of getting the $10-million building for $1 later on.
GRAND BLANC, MI-Bear Stearns provides a $10-million, 10-year note at 5.42% in a deal arranged by L.J. Melody & Co.'s Houston office. The 150-unit community is four years old.
SOUTHFIELD, MI-The 300-unit condo and 13,000-sf retail development is being planned for a 22-acre plot near 10 Mile Road and Northwestern Highway, considered "the intersection of Main and Main for Southeast Michigan."
LANSING, MI-Toledo, OH-based Marco's Pizza says it will open three locations in Lansing, with Joe Meyers Sr. and his sons at the helm. They already have one store in the college town.
ANN ARBOR, MI-Auto parts supplier the Affania Group would like to establish a corporate headquarters in Ann Arbor, provided the state helps with incentives.
FLINT TOWNSHIP, MI-The 75,000-sf shopping center carries an 8.48% market capitalization rate as well as a price tag of $143 per sf. The Michigan State Police Department has more than 20% of the space.