LIVONIA, MI-Phoenix Land Development of Farmington Hills is talking with a city council committee about the design of the development. The company already has been told to leave wetlands alone.
DETROIT-A new report by Marcus & Millichap Real Estate Investment Brokerage Co. shows growth despite the economic slowdown, and advises on smart investing and construction. Vacancy rates should stay in the single digits, it says.
TROY, MI-The new development will bring in a 45,000-sf office building and 140 condominiums in an already strong commercial and residential market. A 100,000-sf church also is being built on the 84-acre site.
FERNDALE, MI-Residents don't want a convenience store near their homes, and their protest to the city council succeeds in defeating a proposal for one on the corner of Woodward Avenue and Oakridge Street.
TROY, MI-The new development will bring in a 45,000-sf office building and 140 condominiums in an already strong commercial and residential market. A 100,000-sf church also is being built on the 84-acre site.
DETROIT-TrizecHahn gets $20 million less than it expected for two Detroit landmarks in the New Center Area. They have a combined 200,000 sf of space available, which will house 2,500 state of Michigan employees and other tenants.
DETROIT-Heinz Prechter, 59, the sunroof maker and major developer reportedly succumbs to a battle with depression. Most recently, he was planning to make a bid to build the 1,200-acre mixed-use Pinnacle Aeropark.
AUBURN HILLS, MI-In a new twist, the company is moving out of business-friendly Auburn Hills after receiving a $1.7-million tax abatement for 10 years from Southfield. Kirco Development of Troy will build an $11-million facility.
AUBURN HILLS, MI-In a new twist, the company is moving out of business-friendly Auburn Hills after receiving a $1.7-million tax abatement for 10 years from Southfield. Kirco Development of Troy will build an $11-million facility.
DEARBORN, MI-The loan is secured by 272,000-sf Village Plaza office building, where Oakwood Hospital rents about half the space. The 10-year loan, amortized over 30 years, has an interest rate of 7.54%.