STERLING HEIGHTS, MI–The city needs a plan for making better use of its vacant commercial space, perhaps involving mixed-use development, a task force tells leaders of Michigan's fifth-largest city.
BIRMINGHAM, MI-DTE Energy chairman and chief executive officer Anthony Earley will be the keynote speaker during a meeting of the International Council of Shopping Centers here later this month.
BINGHAM FARMS, MI-Malan Realty Investors sells a Kansas City asset to Kmart for $3.4 million. The company in liquidation has 18 properties left in its portfolio.
DETROIT-A sister grocery chain to Farmer Jack has filled 10 vacant locations in the city and suburbs. Both chains are owned by the Great Atlantic & Pacific Tea Co.
AUBURN HILLS, MI-With Haden International renting the 167,000-sf building at 1399 Pacific Dr., the $101 per sf asking price also represents a 9% capitalization rate, according to Marcus & Millichap's William O'Connor.
DETROIT-A vacant building near East Grand River Avenue in the Central Business District is getting a $1.3-million makeover as offices and lofts, with the state providing a $130,000 single business tax credit.
DETROIT-A 60,000-sf shopping center and high-rise multifamily rental complex at Lafayette and Orleans streets will be renovated by First Commercial Realty & Development Co. Inc.
DETROIT-The Wayne County Community College District is paying $14 million for University of Detroit Mercy's campus at 8200 West Outer Dr. The community college will open its northwest campus on the 32-acre site within three years.
LIVONIA, MI-Schostak Brothers says its wants to have its anchor tenants lined up and in place prior to the start of work to create the new Wonderland Village Center.
FLINT, MI-An Econolodge and former satellite office of the Flint Journal are acquired for nearly $2.9 million and will be razed to make way for up to 1,300 parking spaces to serve the increasingly busy Bishop International Airport.