DETROIT-Automotive industry supplier Paper Plas is spending $6 million to expand and build a new facility over its current three-building complex while production continues. Tax cuts help make the project possible.
COLUMBUS, OH-Occupancy is strong at Polaris Fashion Mall, the largest mall in the region at 1.5 million sf, which held a grand opening Oct. 25, as well as most other malls in the REIT's portfolio.
DETROIT-Formerly the largest hotel in the world, the 32-story Detroit luxury hotel is getting inspected for either reuse or demolition. Several development proposals have risen and fallen during its 15 years vacancy.
WESTLAND, MI-A 426-unit suburban high-rise multifamily rental building is buoyed by a loan at 7.85% with a seven-year term arranged through Troy-based real estate company The Hayman Co.
DETROIT-Colliers International and Grubb & Ellis say world events have played havoc on an already suffering Motor City area, but their research indicates a few submarkets are starting to level off.
PONTIAC, MI-An Oakland County Circuit Court judge dismisses a $37-million damage claim and requests for documents from a Ford-linked development company. One attorney thinks the suit could be settled next month.
DETROIT-Colliers International and Grubb & Ellis say world events have played havoc on an already suffering Motor City area, but their research indicates a few submarkets are starting to level off.
ROCHESTER, MI-Downtown redevelopment success stories, such as the adaptive re-use of the Western Knitting Mill here, are on tap Nov. 2 in historic Downtown. The program received funds from the Main Street program.
BIRMINGHAM, MI-Robertson Bros. Group of Bloomfield Hills is building a high-priced, five-story, 57-unit condominium and retail project in the trendy Downtown of this Detroit suburb. Prices range up to $2.8 million.
TROY, MI-The manufacturer of powertrain, chassis/suspension and structural components for the automotive industry couldn't overcome financial losses from last year. It expects to take a hit of $0.40 per share.