OWOSSO, MI-Despite ending 2003 in the black, Sports Resorts International tells the Securities and Exchange Commission it has been unable to obtain funding for a sports and entertainment complex in Mount Morris Township.
HAZEL PARK, MI-The city council tells a local hotel to straighten up or face possible closure. Among the infractions are lack of paperwork with the city's building department and city clerk's office.
DETROIT-"We are seeing a lot of activity in developing lofts around the Compuware area," Byna Elliott, vice president and senior affiliate risk officer for Fifth Third Bank of Eastern Michigan tells GloebSt.com.
SOUTHFIELD, MI-Ramco-Gershenson Properties Trust files a funding plan with the Securities and Exchange Commission that would include selling common and preferred shares.
PLYMOUTH, MI-A 12-year, 50% property tax abatement has been approved to keep a major auto supplier in Plymouth and to have that supplier expand here. A $140-million expansion is slated for the 600,000-sf headquarters.
DETROIT-The city has put out a request for bids for the old Uniroyal Tire property near Belle Isle, along Jefferson Avenue. It is considered one of the biggest undeveloped parcels on a major urban waterway.
DETROIT-The $26-million asking price, or $104 per sf, is called too high for the Wayne County Building, now owned by a partnership but being offered to the county for its new government center.
DETROIT-Vacancies continue to increase in the fourth quarter in Detroit, Grubb & Ellis says in its Spring 2004 Industrial Market Trends report, with the rate rising to 11.4% while the national rate stabilizes at 9.78%.
WARREN, MI- Asset Acceptance Corp. will leave 70,000 sf of leased space in a move later this year into a 200,000-sf headquarters building in the Arsenal Industrial District.
BRIGHTON, MI-An 84-acre site along Challis Road west of Grand River Avenue could accommodate Dr. Schneider Automotive Systems' manufacturing facility, which initially would be 59,000 sf.