DETROIT-Comerica Bank's monthly business activity index, released Wednesday, shows the Detroit area's steady decline. According to the bank's chief economist, the football showdown will help the area for a brief period, but fundamental point to a continued lag.
FARMINGTON HILLS, MI-Ramco-Gershenson Properties Trust, with joint venture partner Clarion Lion Properties Fund, buys two Michigan shopping centers, bringing the JV's total purchases to $378 million. In a separate transaction, Ramco also picks up a third asset—a 300,186-sf shopping center in Kissimmee West, FL.
FARMINGTON HILLS, MI-Ramco-Gershenson Properties Trust, with joint venture partner Clarion Lion Properties Fund, buys two Michigan shopping centers, bringing the JV's total purchases to $378 million. In a separate transaction, Ramco also picks up a third asset—a 300,186-sf shopping center in Kissimmee West, FL.