NORTHVILLE, MI-The state has bids ranging from $36 million to $55 million for its former mental hospital property here. Real Estate Interests Group, Inc. of Bloomfield Hills is the high bidder.
DETROIT-Wayne State University has named four developers for projects as the university continues to improve its midtown Detroit main campus. Marquette Property Investment of Chicago, The Hubbell Group of Detroit, DeMattia Group of Plymouth and Midtown Development Group of Detroit make the final cut.
DETROIT-A local worldwide automotive supplier has opened a major new facility in a southwest Detroit tax zone, reversing a trend that has seen light vehicle systems technology operations move overseas.
DETROIT-Wayne, Oakland, Macomb and Washtenaw counties have signed agreements to streamline their registrar of deeds offices, which is expected to make life easier for regional banks and title companies.
CLINTON TOWNSHIP, MI-Baker College of Clinton Township has purchased nine acres with frontage along Gratiot Avenue as part of a $7-million investment to create a new technology center.
DETROIT-Wayne County is hiring Mulugetta Birru, most recently executive director of the Urban Redevelopment Authority of Pittsburgh, to lead its economic development efforts.
SOUTHFIELD, MI-Ramco-Gershenson says it is negotiating to purchase four Southeastern US shopping centers, and could tap money from 1.7 million shares of 7.95% Series C cumulative convertible preferred shares at $28.50 per share.
DETROIT-Plans to convert the abandoned Michigan Central train depot into a new police headquarters are behind schedule, as an environmental and legal review is taking longer than expected.
BRIGHTON, MI-The "members only" wholesale buying club signs a deal with Wanko Industrial Center, LLC for space near Ann Arbor and Lansing, as well as its freeway exposure.
DETROIT-Expansion of Cobo Convention Center is expected to cost less than $650 million, rather than the $1 billion a new, larger convention center would cost, according to a task force that studied the need for more space.