BLOOMFIELD HILLS, MI-Taubman Centers taps Steve Kieras as senior vice president for development, replacing John Simon, who is retiring after 27 years with Taubman.
ROYAL OAK, MI-Chicago-based Morningside Group has a $30-million upscale condominium project that will replace a troubled Select Inn in Downtown Royal Oak, the scene of repeated police calls.
DETROIT-The Deerfield, IL-based pharmacy giant says it will open at least 12 new stores in the Detroit area over the next 18 months, giving it 150 in the state. Providence, RI-based CVS is No. 1 in the Detroit area with 212 stores.
EAST LANSING, MI-A 10-unit student housing multifamily rental building in East Lansing has been sold for $1.3 million. The Burcham - Alton Townhomes are pre-leased for the 2004-05 school year.
LIVONIA, MI-The mixed-use development on 45 acres near I-275 owned by Schooolcraft College will get a 500,000 sf of office space along with a 14,000-sf retail market.
DETROIT-Plans by Pittsburgh Steelers running back Jerome Bettis call for as many as 2,000 townhomes and multifamily units at an old industrial site along the Detroit River, a project that could be worth as much as $500 million.
DETROIT-Construction projects in Adrian, Jackson, Dearborn, Birmingham and Chicago were honored for their work by Detroit area design and construction firms.
BLOOMFIELD HILLS, MI-Auto retailer UnitedAuto Group Inc. has expanded its international footprint, buying a majority stake in six Ferrari, Maserati, Aston Martin, Rolls-Royce, Bentley and Lamborghini franchises in Germany.
SOUTHFIELD, MI-The New York-based REIT pays less than $68 per sf for two buildings at at 26555 Northwestern Hwy., where auto parts manufacturer Federal Mogul makes its headquarters in one of the buildings.
DETROIT-The Park Shelton, a 12-story multifamily rental building within walking distance of the Wayne State University, will be turned into 250 condominiums in an $18-million renovation.