MT. CLEMENS, MI-Three apartment complexes in the state have changed hands for an average of $29,147 per unit, according to Income Property Organization of Bloomfield Hills. The deals top $6 million and involve more than 200 units.
TAYLOR, MI-The conference is part of the partnership between communities south of Detroit to improve developmentally neglected areas. This year's meeting will be held the morning of Nov. 16.
FARMINGTON HILLS, MI-Robert Henry will work in the firm's mortgage banking division, specializing in all types of income-producing real estate, as well as providing acquisition and disposition services.
LANSING, MI-People and Land provides funds to educate state and local officials on smart growth and ideas to combat urban sprawl. It questions local policies such as five-acre zoning.
ROCHESTER HILLS, MI-This city wonders how to come up with about $6 million to buy right-of-way to open up a 40-acre parcel for new corporate development. The city is paying a consultant to determine the property's value.
DETROIT-The automaker breaks ground on a 435,000-sf engineering building, designed to save space in the Southeast Michigan area. GM has reduced its facility space in Southeast Michigan by nearly 5 million sf since 1997.
GENOA TOWNSHIP, MI-M. Krug Investments will use the 26,600-sf industrial building on Victory Drive for its nearby automobile dealership. Grubb and Ellis of Southfield, MI represents both parties in the deal.
KENT, OH-Cleveland-based Forest City Residential sells the 188-unit apartment and town-home complex on 24 acres to an Akron, OH investment company. Birmingham, MI firm Dietz Organization represents buyer and seller.
SAGINAW, MI-The new 82,000-sf ambulatory care center, designed as a "big box" facility, will act as a full-scale hospital for Saginaw area residents, carrying on more than 100 years of care.
DETROIT-Pick-Fort Shelby, a former grand hotel and meeting place, may again open its doors after being vacant 27 years if a $50-million project advances this year. The planning commission gives it a favorable recommendation.