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.
DEARBORN, MI-The Arab Community Center for Economic and Social Services has received a $270,000 grant top help pay for construction of its museum and cultural center.
TROY, MI-A bankrupt Tier I supplier of stamped components and assemblies is selling a half-dozen US plants, including two in Michigan and two more in Indiana.
MONROE, MI-Monroe Bank & Trust is building a 45,000-sf headquarters at the corner of Washington and Front streets at the suggestion of the city, which is happy to keep 250 employees.
BLOOMFIELD HILLS, MI-An Oakland County restaurant chain plans to add Macomb County locations. An outlet on Hall Road in Clinton Township will be the chain's fourth in the county.
DETROIT-Big projects hold the key for 2005, says Jim Cole, chairman of the Associated General Contractors local chapter. School and hospital construction promise to be strong but other big-ticket projects remain questionable.
FOWLERVILLE, MI-Village officials have approved an industrial district, which will allow a 20,000-sf plant to be built on a brownfield site, the former Stanley Tools factory.
FARMINGTON HILLS, MI-Ramco-Gershenson Properties is buying two Michigan shopping centers, Hunter's Square in Farmington Hills and Winchester Center in Rochester Hills, for $128 million.
DETROIT-Bosc Group, which has spent more than $40 million in renovations since buying the Dime Building is at 719 Griswold St. and 131 W. Lafayette, is building a 565-space parking garage.
NEW HAVEN, MI-Village officials have rented a new home for their administrative and emergency services. They have an option to buy the $3.5-million building on Main Street.