FARMINGTON HILLS, MI-Two developers plan to acquire $1 billion in retail property with the establishment of a $250-million private equity fund.

FARMINGTON HILLS, MI-Two developers plan to acquire $1 billion in retail property with the establishment of a $250-million private equity fund. The joint venture will focus on acquiring turnaround opportunities.

GRAND RAPIDS, MI-Sunrise Senior Living plans to break ground "any day" on a 52,489-sf assisted living facility. The McLean, VA-based company operates 11 facilities in Eastern Michigan, but this will be its first in the Western region.

SOUTHFIELD, MI-Signature Associates-Oncor International is named property manager of a four-building, 406,000-sf portfolio owned by Long Island Industrial. With the assignment, Signature increases its property management portfolio of single-tenant industrial properties from 800,000 sf to 1.2 million sf.

SOUTHFIELD, MI-Signature Associates-Oncor International is named property manager of a four-building, 406,000-sf portfolio owned by Long Island Industrial. With the assignment, Signature increases its property management portfolio of single-tenant industrial properties from 800,000 sf to 1.2 million sf.

DETROIT-Wayne State University plans to break ground later this year on the new $27.3-million Marvin Danto Engineering Development Center. The three-story, 70,000-sf structure will adjoin the existing College of Engineering.

TROY, MI-Automotive supplier National Coatings exercises an option to buy a 54,496-sf industrial building where it currently operates its manufacturing division. The building is sold by Avocet Investment, LLC.

ROSEVILLE, MI-Macomb County's industrial market shows signs of activity with the sale of 69,445-sf of industrial space to Elliott Real Estate LLC. With an aggregate 71 million sf, it is one of the largest industrial markets in metropolitan Detroit.