LANSING, MI-A bill aimed at redeveloping "blighted" commercial and residential properties, with the threat of municipal condemnation as the hammer, goes to the state Senate this fall.
DETROIT-The company decides against relocating its e-commerce division and eliminates plans for a three-story office tower attached to a parking structure. It will add single level of parking and an increased retail area.
SOUTHFIELD, MI-A portion of Roseville Plaza is demolished for a new 136,000-sf Wal-Mart store and relocation of CVS Drugs. Michael's Crafts, Linens 'N Things, Payless Shoes and Shoe Carnival open at Crossroads Centre.
DETROIT- Democrats Carl Levin and Debbie Stabenow attach a protection rider to a Congress budget bill to keep developers from acquiring land. Michigan Department of Natural Resources officials claim dirty politics.
DETROIT-A free "rent with equity" program sets aside 20% of rent for new home purchases for tenants in one of multifamily REIT Equity Residential Properties Trust's developments to buy homes built by Crosswind Communities.
DETROIT-The company is closing other facilities around the US to save money, but is still going full-steam ahead on unveiling the $1.2-billion Midfield Terminal at Detroit Metro. An opening date is expected soon.
AUBURN HILLS, MI-DaimlerChrysler is selling 67 acres here, close to the automaker's North American Headquarters. It is expected to get close to the asking price because of the scarcity of land.
SOUTHFIELD, MI-Funds from operations increase 3.1% but revenues fall 11.3% compared to last year because of a 2000 sale of land that resulted in a gain, officials of the shopping center REIT say.
GRAND RAPIDS, MI-A 114-acre area of older buildings, including the Grand Rapids Press' operations, will receive aid from the Michigan Economic Development Corp. for cleanup and new construction.
DETROIT-The East Side will see 20 new condominium buildings, containing 95 multifamily units, in the next two years. They are designed to look like the classic London row houses of the 1800's.