ANN ARBOR, MI- The trust's board is not happy with stock performance, says CFO. Captec's announcement caps a busy week for consolidation in the retail REIT sector following Rodamco's acquisition of Urban Shopping Centers and CBL Properties acquisition of Richard E. Jacobs Group's retail properties.
BLOOMFIELD, MI-Developer Harbor Cos. will have to get new zoning for 80-acre site, which will include three million-sf of offices, a hotel and entertainment and retail space. The project is expected to take up to ten years to complete and was eight years in land acquisition.
DETROIT-Medical Property investors has purchased properties from Henry Ford Health Systems, reflecting the city's vigorous commercial real estate resale market.
LANSING, MI-More than a dozen automotive suppliers are looking at a newly rezoned 93-acres in Delta Township, with Tower Automotive possibly building 450,000-sf plant.