DETROIT-A 71-unit apartment building with 6,134 sf of commercial space and a 14-unit apartment building with 3,578 sf of commercial space, both in redevelopment/empowerment zones, will be sold online.
TROY, MI-The new mayor doesn't want to provide free land and the city council agrees to discuss its options in closed session. The plans were to lease 1 acre of city-owned land to the museum for $1 a year.
DETROIT-A total of $3.45 million will mostly go to assess contamination on previously believed polluted properties. Cities hope the grants will allow development of sites plagued with fear and stigma.
ROYAL OAK, MI- Chicago-based developer HSA Commercial renegotiates a lease with anchor tenant Barnes and Noble and is working on a deal with a large restaurant to start Phase I of the project.
SOUTHFIELD, MI-A new $2.6-million building will expand on the existing 425,000-sf One Towne Square, providing more office space and retail areas in this suburb's thriving City Center on Northwestern Highway.
DETROIT-The new designation brings three areas together to would raise about $55 million during a 15-year period for later development and expansion at the 1,300-acre mixed use business development.
SOUTHFIELD, MI-The REIT says first-quarter funds from operations increased 1.5% over last year, with total revenues increasing more than 30%. New leases at two shopping centers were credited for the results.
DETROIT-It's a high-tech victory for Michigan as Covisint's Kevin W. English commits to keeping the online exchange in the state. The current temporary headquarters is in Southfield, but no areas have been ruled out.
DETROIT-The meeting is intended to form partnerships for development and jobs south of Detroit. The Southeast Michigan Council of Governments and Downriver Community Conference are among sponsors.
WIXOM, MI-Veri-Tek International Corp. uses more than $2 million in state industrial development revenue bonds bonds for a 27,000-sf manufacturing facility owned by James and Janet Juranitch and leased to the company.