BLOOMFIELD HILLS, MI-The mega-mall developer's common dividend rises by half a cent, to $0.25 per share. The regular preferred quarterly dividend of $0.51875 per share remains the same.
FARMINGTON HILLS, MI-A 300,000-sf building in this Detroit suburb and 29 Michigan National Bank branch buildings are on the block. One purchaser rumored for the headquarters is Chrysler Financial Co.
SOUTHFIELD, MI-Retail, multifamily and office projects benefit from Bernard Financial Group's arranging loans for projects in Michigan and Indiana. The largest is $20 million for a 297,889-sf shopping center in Madison Heights, MI.
PONTIAC,MI-Oakland County is passing out grants it earned from the state to investigate contaminated properties and pay for environmental assessments, often a cost that pushes a project beyond hope for a profit.
PONTIAC, MI-A Downtown office here will allow the Detroit News and Free Press, two separate papers involved in a joint operating agreement, to improve distribution from the county seat of the third-wealthiest county in the US.
DETROIT-Planning commission members review recommendation to change zoning surrounding the intersection of Michigan and Livernois avenues from high-density commercial and industrial to lower density commercial and residential.
DETROIT-The concept proposed for Woodward and Mack avenues includes 135 apartments, 45 condominiums, more than 20,000 sf of retail and a six-level parking garage on a planned development district.
ANN ARBOR, MI-Hundreds of jobs would be consolidated in an $18-million facility in area close to the University of Michigan, where tech-savvy workers have migrated. However, Comcast also is considering Indiana.
DETROIT-The first of eight meetings to present results of a forecast of population, housing and employment is scheduled for Monday in Howell, MI. The forecasts are used by planners and developers.