SOUTHFIELD, MI-Schostak Brothers has changed its plans for Laurel Park Place in Livonia and the Macomb Mall in Roseville, worth about $59 million, according to tax records. They are no longer for sale after going on the market a week ago.
GRAND RAPIDS, MI-The 360-unit apartment complex changes hands from Denver-based Aimco to Oak Brook, IL-based JVM Realty Corp. A CB Richard Ellis team of Sean Cunningham and Jack Hannum from the Phoenix office and Detroit broker Joseph Anthony represent the seller.
VAN BUREN TWP., MI–Visteon Corp. has opened its 800,000-sf corporate offices, allowing consolidation of some 13 other sites into one 265-acre site. The village currently has nine buildings and a central building called Village Center that overlooks a 37-acre lake.
BIRCH RUN, MI-An exterior renovation and Michigan's first Pottery Barn Outlet are among several major changes Prime Outlets officials expect by early 2005. A customer service center will accommodate more than 1,000 tour buses visiting the mall each year.
DETROIT-Colliers International sees positive absorption in the Detroit area office market for the first time in years. The vacancy rate decreases slightly to 16.2%, but is expected to remain flat.
DETROIT-A much anticipated, 17,000-sf designer restaurant has opened on top of the Renaissance Center. Some say it is a key to the city's revitalization efforts.
CLINTON TOWNSHIP, MI-Mixed-use development is springing up in one of the township's last undeveloped areas, near the Macomb County Jail, where developers had feared to tread.
DETROIT-Thirteen development and redevelopment projects in the city and suburbs vie for the 2004 Real Estate Excellence Award from the local chapter of Commercial Real Estate Women.
MINNEAPOLIS-SmithGroup opens its ninth architecture office with a location on Marquette Avenue. The firm's Midwest offices include Chicago, Ann Arbor, MI, Detroit and Madison, WI.
LIVONIA, MI-The lease in the Victor Corporate Center highlights recent activity in this Detroit suburb. Sensible Technologies Group also signs a 5,000-sf deal at 13374 Farmington Rd.