DETROIT-Three of the properties are available for sale or lease, two more are available for lease only. Purchasers must have their proposed use approved by the school district.
ROMULUS, MI-The store in the new McNamara Terminal features collectibles, toys, apparel and more. It joins a row of restaurants and high-end retail shops in the $1.2-billion Northwest Airlines terminal.
VAN BUREN TOWNSHIP, MI-Visteon Village, a projected $325-million project on a 265-acre former gravel quarry, should begin occupancy by 2004, company officials say.
DETROIT-The telecommunications firm renews leases for 45,650 sf in Pontiac, MI and 42,519 sf in Flint, MI because of its satisfaction with the locations, says Chicago-based Equis Corp. vice president Timothy Cahill.
AUBURN HILLS, MI-A Detroit architectural firm designs the new office facility for the loan group of the automotive manufacturer, using a concept that encourages interaction between departments.
DETROIT-Plans already approved by planning commission include two hotels and condominiums for the Downtown landmark. Star Hospitality Group of Chicago has received zoning approval for the $50-million project.
DETROIT-More than 80 properties in eight communities, including Bay City, Manistee and Saginaw, may benefit from assessment and cleanup money from the US Environmental Protection Agency for contaminated sites.
LANSING, MI-An industrial park expansion and Downtown development projects are included in almost $20 million in Community Development Block Grant awards, aimed largely at older municipalities.
SOUTHFIELD, MI-Morgan Stanley decides to pull out of a real estate investment program, starting with the local retail mall REIT. The original preferred stake was worth $30 million, but paid a 9.6% coupon.
NEW YORK CITY-A Michigan-based joint venture buys the Atlantic Building in Downtown Philadelphia as part of a nationwide purchase plan. Besides a Center City location, a strong tenant roster was a draw.