ANN ARBOR, MI-Dallas-based La Quinta Corp. acquires the two-story, 50-room Baymont Inns & Suites-Ann Arbor at 2376 Carpenter Rd. as its 20th hotel in the state.
DETROIT-The Detroit Riverfront Conservancy is nearing its fundraising goal to revitalize the shore along the Detroit River thanks to a $4-million contribution from the W.K. Kellogg Foundation.
QUINCY, MI-The company overlooks Indiana and decides to stay here, as the state comes through with a Single Business Tax credit valued at $331,000, with the village expected to kick in a property tax abatement worth an estimated $100,900 over 12 years.
LANSING, MI-The state takes out two leases Downtown, one at $23.18 per sf, the other at $16.20 per sf. The Department of Community Health's lease of 78,200 sf is expected to increase foot traffic at the 135,000-sf Boji Tower under construction at 217 Townsend St.
WIXOM, MI-A 32,500-sf building at 28050 Oakland Oaks Ct. will be used for roll forming and stretch bending processes. It is about 3.5 miles from another Wagon North America facility here.
FARMINGTON HILLS, MI-The shopping center REIT acquires four centers for $163 million and begins $22 million in work on seven others. However, a one-time impairment charge related to the sale of a minority stake in the Fountain Walk shopping center results in a dip.
LIVONIA, MI-Morley Candy opens an outlet at the Laurel Park Place mall to sell famed Sanders confections. Morley bought the Sanders brand in July 2002.
LANSING, MI-"Now we start to work with Windsor Township officials for site plan approval," says Eaton Rapids developer Dorian Lange after the Michigan Racing Commission approves a license for Windsor Downs.
ANN ARBOR, MI-Borders Group says it is launching a new test strategy for its 700-store Waldenbooks chain. The Borders Express locations will add CDs and DVDs, but will not have room for cafes.