DETROIT-Not only is the $200-million River East multifamily project on the Detroit River in the works, a $168-million building in Salem Township for Johnson Controls is being discussed, which is good news for the Great Lakes Construction Alliance.
PONTIAC, MI-Oakland County Circuit Court Judge Richard Kuhn rules Bloomfield and Pontiac voters can vote Tuesday on whether to allow the detachment of 80 acres from Bloomfield to Pontiac for a $2-billion mixed-use development.
DETROIT-If automakers' 2001 rebates and 0% financing turns 2002 sales into a boost, effects could be felt through the multifamily market, according to a report by Marcus and Millichap.
CANTON, MI-A 108,000-sf office complex at 6050 Haggerty Rd.owned by Kirco Realty and Development is leased to Yazaki North America, Inc. Signature Associates-ONCOR International of Southfield also handles the sale of a 9,960-sf warehouse in Clinton Township.
VAN BUREN TOWNSHIP, MI-A $100-million residential and retail development is under construction near the potential site for Ford Motor Co.'s former parts branch's headquarters, built with the help of a $31-million tax abatement.
DETROIT-If automakers' 2001 rebates and 0% financing turns 2002 sales into a boost, effects could be felt through the multifamily market, according to a report by Marcus and Millichap.
DETROIT-The 23-story Griswold Place receives a $40 million-upgrade and regains its original name. The BOSC Group Inc. has renamed the 89-year-old, 320,000-sf office tower The Dime Building.
DETROIT-The oft-criticized Empowerment Zones will be subject of discussions with Mayor Kwame Kilpatrick next week. Residents will hear how the zones will boost economic development and improve neighborhoods.
BINGHAM FARMS, MI-The retail REIT believes it could see funds from operations reduced by $2.2 million year from the closure of up to 12 department stores. Kmarts lease 27 properties from Malan, accounting for 25% of base rents.
BINGHAM FARMS, MI-The retail REIT believes it could see funds from operations reduced by $2.2 million year from the closure of up to 12 department stores. Kmarts lease 27 properties from Malan, accounting for 25% of base rents.