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JPMorgan Chase’s Al Brooks Gives His 2023 Midyear CRE Outlook

Posted By: Commercial Observer on May 1, 2023.  For more information, please click here to read the source article.   Economic uncertainty remains high for commercial real estate through the rest of 2023. There are plenty of big questions, including the interest rate environment and the future of office space. But there are also positives: Multifamily and industrial […]

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SIGNATURE ASSOCIATES SELLS IMMACULATE FIRST-CLASS INDUSTRIAL BUILDING IN DETROIT, MICHIGAN

The 238,334 square foot investment property is located at 6501 Nevada.   DETROIT, MI — September 1, 2022 — Signature Associates is pleased to announce the sale of the 238,334 square foot industrial building located at 6501 Nevada in Detroit which is fully leased to long-term tenant, Lear Corporation. Joe Hamway and Greg Hudas of […]

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Report: commercial real estate shows resiliency

Posted By: Grand Rapids Business Journal (As seen on WZZM TV 13) on August 19, 2022.   For more information, please click here to read the source article.   Despite continued uncertainty in a turbulent market, the state of commercial real estate in West Michigan still shows some flexibility. “While there are definitely things going on that are […]

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Signature is named to Crain’s Cool Places to Work… again!

Signature is honored to be named a Crain’s Detroit Business Cool Places to Work for the sixth year! Thank you to the coolest team for helping us earn us this recognition! Signature’s exceptional leadership and cool culture promotes long-term growth, loyalty, teamwork, and a lot of fun! Read our full write-up here: https://bit.ly/3pv5Lbi

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SIGNATURE SELLS 24,000 SQUARE FEET OF INDUSTRIAL IN MUSKEGON, MICHIGAN

MUSKEGON, MICHIGAN—February 23, 2022— Signature Associates has negotiated the sale of a 24,000 square foot industrial building located at 2176 E. Laketon Avenue, Muskegon, Michigan to Robyn’s Nest Management, LLC. Jamie Hughes of Signature Associates represented the seller, Gross Development, LLC. *** About Signature Associates Signature Associates, with offices in Southfield, Detroit, Lansing, Grand Rapids, […]

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Commercial real estate is full of former athletes. That’s not a coincidence.

By the time Brandon Carnegie was in his early 20s, he’d had two knee surgeries and a back injury thanks to football. His days playing cornerback at Ball State University in Muncie, Ind., where he landed after a standout four years at Novi High School, were over after his junior season.  He played in 18 […]

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State approves financing for $13.2M, 52-unit mixed-use project in Kalamazoo

State officials have approved a loan and brownfield incentives for a $13.2 million, five-story mixed-use development planned at a former industrial site north of downtown Kalamazoo. The project development team of 619 LLC was formed by Jeff Nicholson, Craig Bush and David Michal Scott to construct a five-story structure on 1.4 acres at 619 Porter St. Nicholson […]

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Why self-storage is one of the hottest sectors in real estate

Michael Berger didn’t get the amount he wanted for his self-storage portfolio when it sold last month. The Southfield-based real estate investor got much more. The $170 million sale of his 28 U-Store Management Co. properties to Colorado-based SpareBox Storage is proof positive that the self-storage industry, several decades ago just a blip on the […]

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Land of Opportunity

With the outbreak of the COVID-19 pandemic last March, Gov. Gretchen Whitmer issued Executive Order 2020-21 directing all “Michigan businesses and operations to temporarily suspend in-person operations that are not necessary to sustain or protect life.” The downside of the order reverberated throughout the state’s economy, resulting in bankruptcies, a sharp runup in unemployment filings, […]

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Signature’s David Miller Named in Midwest CRE Hall of Fame 2020

David Miller has played a key role in some of the most important com­mercial real estate transactions in the Detroit area. This includes the seven years he worked on repositioning and leasing Michigan’s tallest and most iconic office tower. Tackling this project during the most challenging times in Detroit’s histo­ry, Miller and a colleague worked […]

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Innovation marks real estate response

Innovation marks real estate response

West Michigan brokers and agents had to adjust to weather the COVID-19 pandemic in 2020 across the industrial, office, retail and multifamily markets, according to real estate leaders who spoke at the virtual West Michigan Economic and Commercial Real Estate Forecast. “West Michigan made it through an extremely tough year in 2020, and I am […]

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SIGNATURE ASSISTS GLEANERS WITH EXPANDING THEIR OPERATIONS IN TAYLOR, MICHIGAN

SOUTHFIELD, MICHIGAN—January 14, 2021— Signature Associates has negotiated the sale of 180,986 square feet of industrial space located at 21405 Trolley Industrial Drive, Taylor, Michigan to Gleaners Community Food Bank. Chris Monsour of Signature Associates represented Gleaners, and Brad Viergever, Paul Hoge, and Angela Thomas, also of Signature Associates, represented the seller, A & J […]

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Anonymous company considers lot purchase in Triad Business Park

Anonymous company considers lot purchase in Triad Business Park

An anonymous company is considering purchasing 6.5 acres of land from the city of Toledo as part of a $300,000 deal that would also contribute to the redevelopment of two historic downtown buildings. The agreement, if approved by Toledo City Council, would allow Louisville Title Agency for N.W. Ohio, Inc., a local title company, to […]

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International Packaging Company Coming To Northwest Ohio

International Packaging Company Coming To Northwest Ohio

Logoplaste has announced plans to build a new manufacturing plant in Lima, Ohio. With headquarters in Portugal, Logoplaste will construct a 100,000 square-foot facility for plastic injection molding of food grade containers. The new $35 million project will add at least 50 new jobs at the Allen County site. “Proximity to a recognized regional plastics […]

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HopCat restaurants emerge from bankruptcy, sold to new owner

HopCat restaurants emerge from bankruptcy, sold to new owner

GRAND RAPIDS, MI — The chain of HopCat restaurants has been sold to new owners some five months after the former owner, BarFly Ventures, filed for bankruptcy. Two investment firms — Congruent Investment Partners and Main Street Capital — teamed up to buy BarFly Ventures for $17.5 million. They created a new operating company, Project […]

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Perrigo moving its North American HQ downtown

Perrigo moving its North American HQ downtown

Perrigo is investing $44.7 million to move its North American corporate headquarters to Medical Mile in downtown Grand Rapids in a move that will create 170 jobs. The Right Place, in collaboration with the Michigan Economic Development Corporation (MEDC), Michigan State University, Rockford Construction and the city of Grand Rapids, on Tuesday announced the Dublin-based pharmaceutical […]

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Michigan retailers report ‘large upswing’ with September sales

Michigan retailers report ‘large upswing’ with September sales

Nearly half of Michigan retailers optimistically expect higher sales in the coming holiday shopping season. The expectations for holiday-season sales follow what the Michigan Retailers Association called a “large upswing” in retail sales in September from August. In a monthly survey by the MRA, 51 percent of retailers reported increased sales for September from the prior month. […]

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Kroger investing $95 million in new high-tech fulfillment center in Romulus

Kroger investing $95 million in new high-tech fulfillment center in Romulus

The Kroger Co. is spending $95 million to build an automated customer fulfillment center in Romulus that would create 270 jobs. The Michigan Strategic Fund board on Tuesday awarded $1.6 million in a Michigan Business Development Program grant to support the project. The planned 130,000-square-foot facility at 15675 Wahrman Road will prepare and ship grocery […]

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Joe Vicari Restaurant Group Acquires The Hill in Grosse Pointe Farms, Two Other Eateries

Joe Vicari Restaurant Group Acquires The Hill in Grosse Pointe Farms, Two Other Eateries

The Joe Vicari Restaurant Group in Warren today announced the addition of three new restaurants to its portfolio — The Hill Seafood & Chop House in Grosse Pointe Farms, Triple Nickle in Birmingham, and Buc’eez Pub in Macomb Township. The restaurant group, led by Joe and Rosalie Vicari, is best known for its Andiamo and […]

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When experts expect to see demand return for office space in southeast Michigan

When experts expect to see demand return for office space in southeast Michigan

Demand for office space in Metro Detroit is weakening as the coronavirus pandemic persists, but experts predict southeast Michigan could recover sooner than other parts of the country. Metro Detroit’s office market was largely inactive during the third quarter amid the pandemic, according to real estate firm Savills, which maintains an office in Detroit. The […]

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CRE Improves Slowly but Steadily in SIOR Update

CRE Improves Slowly but Steadily in SIOR Update

On-time transactions for the industrial and office sectors have more doubled since the onset of the pandemic while confidence in the market has held steady, according to The Society of Industrial and Office Realtors’ September survey. SIOR continues to monitor the impact of COVID-19 on the commercial real estate market through its monthly Snapshot Sentiment Survey, and […]

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Opportunity Zone Deals Suddenly Accelerate As Program Starts To Look More Attractive

Opportunity Zone Deals Suddenly Accelerate As Program Starts To Look More Attractive

In the first month after the coronavirus ground the U.S. economy to a halt, the opportunity zone marketplace had slowed along with the rest of the commercial real estate industry. The opportunity zones program has been described by the Trump administration as a tool to inject hundreds of billions of dollars into underserved communities. In […]

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Real estate uncertainty could bring opportunity

Real estate uncertainty could bring opportunity

The COVID-19 pandemic upended an otherwise steady and busy quarter for commercial real estate in West Michigan, according to Colliers International West Michigan’s 2020 Q1 market reports. “Q1 began with a high level of activity across all sectors coming off a strong end to 2019; in fact, it was stronger than Q1 2019,” said Jon […]

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ROB KELEGHAN ACHIEVES SIOR DESIGNATION FROM THE SOCIETY OF INDUSTRIAL AND OFFICE REALTORS® (SIOR)

Rob Keleghan of Signature Associates has earned the prestigious Society of Industrial and Office Realtors® (SIOR) and joins 11 other SIOR members from Signature Associates. SIOR is the leading professional commercial and industrial real estate association and represents today’s most knowledgeable, experienced, and successful brokerage specialists.   The SIOR is a selective organization, and to […]

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Conversion Opportunities in Commercial Real Estate

Conversion Opportunities in Commercial Real Estate

Commercial real estate has been seeing the emerging trend of retail to warehouse spaces. These types of projects are becoming increasingly popular throughout the country because of the dramatic shift in the retail industry in recent years. Malls have been closing throughout the United States as the shopping habits of consumers have changed. In fact, […]

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Detroit seeks development proposals for Cass Park property

Detroit seeks development proposals for Cass Park property

The city is seeking proposals from developers to revitalize a vacant, city-owned commercial property in the Cass Park neighborhood. The .86-acre site at Third and Charlotte sits along a major gateway between the city’s central business district and greater Midtown. It’s a short distance to venues including the Masonic Temple, Little Caesars Arena, Comerica Park and Fox Theatre. […]

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Commercial real estate a mixed bag for those looking for space

Commercial real estate a mixed bag for those looking for space

Depending on what you are looking for, the commercial real estate market in West Michigan may not be so favorable. According to some commercial real estate experts in the area, more properties are available for leasing, but fewer properties are available for sale. Jason Makowski, a partner and an office specialist at NAI Wisinski of […]

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Developers plan $150 million development, 850 jobs at old Ford Wixom plant site

Developers plan $150 million development, 850 jobs at old Ford Wixom plant site

An Ohio-based company is planning a $150 million brownfield redevelopment of a former Ford Motor Co. plant in Wixom that would create 850 new jobs. The project at the 182-acre site would reactivate the property with 1.66 million square feet of commercial/industrial space, according to the Michigan Economic Development Corp. Construction on the first of […]

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SIGNATURE ASSOCIATES WINS 3 CRAIN’S BEST IN CLASS REAL ESTATE AWARDS

SIGNATURE ASSOCIATES WINS 3 CRAIN’S BEST IN CLASS REAL ESTATE AWARDS

Crain’s Detroit Business Special Report:  Last year was a year for dealmaking — and dealmakers. In this, our inaugural Best in Class: Real Estate awards, we aim to honor both. We solicited nominations from you, our readers, for the most impactful deals, projects and people in commercial real estate in 2017. With help from a […]

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