SOUTHFIELD, MI-Ramco-Gershenson Property Trust says the retail giant is its biggest tenant, accounting for about 6.7% of its annual rent revenue in 2003. Seven other tenants accounted for 2% or more of annualized base rent.
DETROIT-A police complex, Amtrak station and 164-room hotel are part of proposal for the state fairgrounds in Detroit. It would be the second thoroughbred racing venue in the state.
MACOMB TOWNSHIP, MI-Eight acres of vacant land in the area of the Macomb Town Center has been sold for $480,000. A new ice arena will be built on the property.
SOUTHFIELD, MI-Sun Communities says a glut of repossessed homes is expected to ease in 2004, improving the vacancy rate in its manufactured homes communities. Vacancy rates in its 150 communities have risen nearly three percentage points.
TRAVERSE CITY, MI- William Clous agrees to a settlement after allegations he violated the state's soil erosion laws clearing part of a 360-acre property in the Mitchell Creek Watershed in Grand Traverse County's East Bay Township.
TROY, MI-Several key local politicians are lining up behind a plan to build a $60-million convention center and hotel on seven acres next to the Troy Civic Center.
PLYMOUTH, MI-The Penn Theater, which closed in January of this year for remodeling, has been purchased by local investors Chris Knight and Patrick Tortora. They have not disclosed their plans for the Penn Theater.
TROY, MI-A-90,000-sf medical building in the city is nearly leased even though construction of the $16-million, three-story project by a group of 15 doctors won't be finished until January 2005.
TROY, MI-A-90,000-sf medical building in Troy is nearly leased even though construction of the $16-million, three-story project by a group of 15 doctors won't be finished until January 2005.
DETROIT-A developer has put forward a plan to build a thoroughbred track and gambling complex, with a 164-room hotel, at the Michigan State Fairgrounds along Eight Mile Road.