MONROE, MI-A state tax credit will help pay for the redevelopment of a neighborhood grocery store in Monroe. A Pontiac project that will add retail space and multifamily loft units will also receive assistance.
SOUTHFIELD, MI-Verizon Wireless opens a $25-million switching center in an undisclosed technology park suburban Detroit. Security upgrades include a 10,000-gallon diesel tank and a generator that can run for up to 100 hours at a time.
PORT HURON, MI-The automotive supplier leases a 58,000-sf industrial site in Port Huron Industrial Park after considering a move to Ohio. The company will take over a building at 2630 Dove Rd. formerly occupied by the Donaldson Co.
STERLING HEIGHTS, MI-Smaller tenants and users buy and lease space in three separate deals arranged by Grubb & Ellis Co. brokers. That includes the sale of a 4,847-sf building in Warren, as well as a 7,623-sf lease in Shelby and 5,810-sf lease in Sterling Heights.
FARMINGTON HILLS, MI-Agree Realty reports a 99% occupancy rate at the end of the second quarter, with only 1% of its 3.5-million-sf portfolio coming up for renewal this year.
BLOOMFIELD HILLS, MI-Taubman Centers tenants had sales of $833 million in the second quarter, which on a per sf basis is up 8.3% for the quarter and 10.4% for the first six months of the year.
DEARBORN, MI-The International Council of Shopping Centers' meeting at the Hyatt Regency Dearborn Aug. 12 will include a review of the redevelopment status of several malls and big box locations around the state.
DETROIT-The city council approves plans for a 35-acre, 100-store The Shops at Gateway Park along Eight Mile Road, the largest such development in the city's 300-plus-year history, as well as the largest such urban "lifestyle" center in the US.
BINGHAM FARMS, MI-Malan Realty Investors, Inc. sells Kmart property at 2801 Calumet Ave. in Valparaiso, IN for $1.8 million. The REIT owns a portfolio of 19 properties totaling 1.2 million sf.
LANSING, MI-Twelve Michigan communities are competing for financing to support downtown redevelopment efforts. Charlotte, Fremont, Highland Park, Houghton, Howard City, Imlay City, Ionia, Linden, Menominee, Milan, Saline and Wayland are in the hunt.