CHESTERFIELD, MI-The 192-unit Oakview Square Apartments complex is put on the market for $10.25 million. With 20 one-bedroom and 172 two-bedroom units, the complex is being marketed as a potential condominium conversion.
CHESTERFIELD, MI-The 192-unit Oakview Square Apartments complex is put on the market for $10.25 million. With 20 one-bedroom and 172 two-bedroom units, the complex is being marketed as a potential condominium conversion.
BLOOMFIELD HILLS, MI-REIT Taubman Centers Inc. reports a 5% increase in tenant sales during the first quarter. Company officials say this is particularly noteworthy given the later timing of Easter, which fell in April rather than March.
YPSILANTI, MI-McKinley purchases the 382-unit Appletree Apartments and changes its names to Golfside Lake Villas. The company plans to undertake a multimillion-dollar renovation to the distressed property.
CLINTON TOWNSHIP, MI-The 640,000-sf Mall at Partridge Creek is filling up fast with the signing of 16 leases. Site preparation was started in April at the mall, which is scheduled to open in October 2007.
ANN ARBOR, MI-The University of Michigan will close its 1,800-sf audio recording studio at the James and Anne Duderstadt Center this summer for a $860,000 renovation to make the space more acoustically "live." The studio will reopen in the fall.
TAYLOR, MI-National tire dealers Tire Centers LLC will open a new location with the signing of a 32,000-sf lease. The company will use the space for warehouse and distribution.
STERLING HEIGHTS, MI-Technology company Valentine Robotics Inc. expands its operations with the purchase of a 16,360-sf light industrial building. Brokers say the move represents a "glimmer of hope" for the future of the Macomb County economy, as it moves away from manufacturing.