BLOOMFIELD HILLS, MI-The megamall developer continues a quarterly payout of $0.25 per share for common stock shareholders,. $0.51875 per share on its Series A cumulative preferred shares.
TROY, MI-The council is offering $1 million for a former condominium parcel, and will condemn the land if necessary. Matthew's Farms LLC's plans for 100 condominiums have failed to materialize after a year.
AUBURN HILLS, MI-The home of Daimler-Chrysler is about to absorb 134,000 sf of office/industrial space with Dallas-based Koll Development Co.'s speculative building on Squirrel Road in the Oakland Technology Park.
ANN ARBOR, MI-The space at 1200 Eisenhower Place will be occupied by the University's Institute for Social Research, and the Dental School. Its former occupant was Instrumentation Laboratories, which is sublessor.
INDIANAPOLIS, IN-The 152-unit Northampton Village town-home rental community is sold by Chicago-based International Capital Corp. to Minnesota-based co-op converter AHEP. The Dietz Organization of Birmingham, MI brokers the deal.
LANSING, MI-State Sen. Gary Peters opposes the move, trying unsuccessfully to ban directional drilling under the Great Lakes, on shore land and lake bottom for exploration of oil and gas.
TROY, MI-A new world headquarters will cost $21 million. Along with financing from National City Bank, the company is getting an $8.4 million tax break to stay in this suburb of Detroit.
SOUTHFIELD, MI- Steven G. Gordon joins fellow real estate professional Robert DeMattia, president and chief executive officer of his own commercial and industrial development company, in overseeing his alma mater.
LIVONIA, MI-Kojaian Cos. purchases a 335,239-sf office complex along I-275, beating out three other offers generated by CB Richard Ellis for the buildings Prentiss Properties Trust purchased in 1997.
LIVONIA, MI-Mayor Jack E. Kirksey says the restaurant is "tacky" and doesn't meet the image for a family-oriented city. He also upholds a plan commission recommendation with his rare veto.