DETROIT-A tax surplus from fund created to build the Tigers' Comerica Park will be used to help develop the Pinnacle Aeropark, a 1,200-acre mixed use development plan
DETROIT-The township's planner says more than one-third of permits for housing in the township located halfway between here and Ann Arbor are for apartment units. However, he also has reviewed plans for 1,000 condos.
DETROIT-Rental rates dropped by more than 10% in the past year, according to the realty firm's fourth-quarter industrial report, but sales and lease activity are evidence of a strong market.
DETROIT-The short-term prognosis is good, the company says, even with sharply lower absorption due to slowed construction. Rent increases averaged 5.4%, bringing the asking lease price to $20.16 per sf.
DETROIT-An owner who bought a small island in Lake Michigan to save it from commercial development is donating it to the state, which is talking with him about his acquiring land in a neighboring island.
DETROIT-The suburb of Royal Oak, a member of the waste organization, says SOCRRA has no legal right to build and operate a $4.9-million, nine-hole course on a 140-acre landfill in Rochester Hills.
DETROIT-New apartment developments in the area between Ann Arbor and Detroit aim for the upper end of the market. They are expected to be in high demand by prospective tenants thanks to a lack of new development in the market.
DETROIT-A planned 10-story headquarters will provide space for 1,000 of the city department's employees, opening up areas for housing and office space Downtown and saving the city money.
DETROIT-The retailer will renovate its Sheffield Office Building at a cost of $1.2 billion, a project that will upgrade technology throughout the chain and add 400 new jobs to this suburb.