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SIGNATURE HAS BEEN AWARDED THE REPRESENTATION OF 42,550 SQUARE FEET OF OFFICE SPACE IN DETROIT, MICHIGAN

SOUTHFIELD, MICHIGAN—November 13, 2019— Signature Associates has been awarded the representation of 42,550 square feet of office space located at 1333 Brewery Park Boulevard, Detroit, Michigan.   Angela Thomas and Erica Dunlap, the ÆRES Team of Signature Associates, are the listing brokers representing the owner, Brewery Park Realty Group, LLC. About ÆRES Team The ÆRES […]

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SIGNATURE HAS BEEN AWARDED THE REPRESENTATION OF 32,656 SQUARE FEET OF OFFICE SPACE IN DETROIT, MICHIGAN

SOUTHFIELD, MICHIGAN—November 13, 2019— Signature Associates has been awarded the representation of 32,656 square feet of office space located at 1155 Brewery Park Boulevard, Detroit, Michigan.   Angela Thomas and Erica Dunlap, the ÆRES Team of Signature Associates, are the listing brokers representing the owner, Brewery Park Realty Group, LLC. About ÆRES Team The ÆRES […]

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This hidden real estate sector is the healthiest in metro Detroit

Real estate is always in the news. Whether it’s shops and restaurants in Detroit’s Midtown district, new skyscrapers downtown, or the rising cost of condos everywhere, real estate makes headlines. Industrial real estate, by contrast, rarely gets into the news but for the biggest and most controversial projects. To cite one: Fiat Chrysler’s plan for […]

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Morgue Laboratory Equipment Provider Inks Lease in Detroit

Mopec, a Michigan-based laboratory equipment provider, plans to move into new industrial and office space in the Detroit area next year. The company leased the 63,470-square-foot 800 Tech Row, an industrial property that includes 21,568 square feet of office space, according to Gary Stephens with Signature Associates, which represented the landlord in the deal. The deal was […]

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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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California’s Motiv Power Systems Secures $60M Investment to Establish Detroit Operations

California’s Motiv Power Systems, a supplier of all-electric medium-duty chassis for buses and trucks, has secured $60 million in equity funding to open a new engineering and manufacturing facility in Detroit. The Series B round of investment was led by investors GMAG Holdings Corp. and Winnebago Industries and will support the overall growth of the […]

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SIGNATURE HAS BEEN AWARDED THE REPRESENTATION OF 3,000 SQUARE FEET OF OFFICE SPACE IN DETROIT, MICHIGAN

SOUTHFIELD, MICHIGAN—October 21, 2019— Signature Associates has been awarded the representation of 3,000 square feet of office space located at 6200 Second Avenue, Detroit, Michigan. This listing is located directly across from the new Henry Ford Detroit Pistons Performance Center. The building is three stories with a modern feel, complete with high ceilings and large […]

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SIGNATURE LEASES 10,070 SQUARE FEET OF OFFICE SPACE IN DETROIT, MICHIGAN

SOUTHFIELD, MICHIGAN—September 19, 2019— Signature Associates has negotiated the lease of 10,070 square feet of office space located at 7700 Second Avenue, Detroit, Michigan.   Chris Secontine of Signature Associates represented the tenant, American Federation of State, County and Municipal Employees, Council 25 (AFSCME). AFSCME is relocating from 600 W. Lafayette in Detroit after selling […]

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Opportunity Zone investments start to gain foothold

Opportunity Zone investments are getting a foothold in Detroit. In the city, the neighborhoods the most replete with investment — downtown, Midtown, New Center, Corktown, Eastern Market, the Detroit riverfront and others — are squarely in Opportunity Zones, the official name of areas that has become sort of a catch-all term to refer to a […]

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Method Development in Detroit Breaks Ground on Mansion Project in Brush Park

Signature is proud to be playing a part in this great project!   Detroit’s Method Development has broken ground on a $1.8-million project in Detroit’s Brush Park that will rehabilitate a mansion dating back to 1911. Originally a two-family home, the house will be turned into eight apartments expected to be complete by summer 2020. […]

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Book Tower restoration to feature hotel, retail, office space

Bedrock plans to bring the iconic Book Tower back to life with a mix of residential, hotel, retail and office space. New York-based architect ODA was chosen from among 10 firms to lead the design effort in restoring the nearly 500,000-square-foot Washington Boulevard structure originally built in 1916. “We selected them because they have quite a few projects around […]

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WeWork to more than double Detroit footprint with new TechTown space

Co-working space giant WeWork LLC expects to double its Detroit footprint by opening its largest location to date, in the TechTown area of Midtown. The New York City-based company, whose parent is We Co., has signed a lease for more than 91,000 square feet at 6001 Cass Ave. at York Street, Dan Austin, a spokesman […]

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New restaurants, bar coming to RenCen’s old Coach Insignia space

Not one, not two, not three, but four — count ’em — four new dining and drinking concepts will call the top of the Renaissance Center’s central tower on Detroit’s riverfront home come November. James Beard Award-winning celebrity chef Shawn McClain, best known for his work in Chicago and more recently Las Vegas, offered the first details since […]

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City exploring more corporate aviation, industrial use for Detroit airport’s future

The city of Detroit is considering a plan that would transform the underused Coleman A. Young International Airport property for somewhere more than $100 million. A report by city contractor Avion Solutions Group LLC obtained by Crain’s describes a series of proposals the city wants to further explore that are aimed at making the airport that has […]

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Auto supplier plans $55M plant at Detroit Kettering High School site

An automotive supplier that builds interior components, suspensions and grilles for major automakers is planning to open a 600,000-square-foot factory on the site of the vacant Kettering High School on Detroit’s east side, three miles from where Fiat Chrysler Automobiles plans to build the city’s first new automotive plant in nearly three decades. Michigan-based supplier […]

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Walkable Urban Metros Leave the Suburbs Behind

America is walking again. Where are the most pedestrian-friendly economic centers in the U.S. and what’s behind their robust growth? No. 3—a surprise in the 2016 but it continues to be there—is Detroit!   The most walkable urban place in America is … New York. That may not be a big surprise, but the other […]

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Italian automotive supplier plans new manufacturing plant in Detroit

An Italian automotive supplier plans to build a new manufacturing plant in Detroit. Tiberina Group, a supplier of body-in-white and metal stampings for the auto industry, acquired 10 acres of land at the former American Axle & Manufacturing Holdings site on Holbrook Drive on the city’s border with Hamtramck. Tiberina purchased the land from Cleveland-based […]

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Detroit wins over Waymo for self-driving car plant

Google’s self-driving affiliate Waymo LLC will repurpose a former American Axle plant in the city to install fully autonomous vehicle hardware and software into cars, the Alphabet Inc. subsidiary said Tuesday. The move is another signal that next-generation auto manufacturing is continuing to grow in Michigan — and that Detroit possesses the knowledge and the capabilities valued in an auto industry likely to […]

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Developers pledge to keep Eastern Market’s identity even as prices rise

Here’s the dilemma facing Detroit’s Eastern Market. With real estate values and rents rising rapidly in and around Eastern Market, long-time retailers find they can cash out and retire. And owners new and old have more money available now to upgrade their century-old buildings. But that same rapid escalation of property values means long-time retail and […]

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Farmers Restaurant closes following Eastern Market property sale

Farmers Restaurant Inc., a longtime Eastern Market staple, has closed following the sale of its building to landlord Sanford Nelson. Nelson told Crain’s on Wednesday morning that he finalized the purchase of four buildings in the city’s food district on Tuesday for an undisclosed price. He said he plans renovations of all four properties.  He said he […]

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Fiat Chrysler to invest $4.5B in 5 Michigan plants, create 6,500 jobs

City officials have just 60 days to acquire 200 acres of land and secure City Council approval to pave the way for Fiat Chrysler Automobiles NV to open Detroit’s first new assembly plant in nearly three decades. The automaker confirmed plans Tuesday to revive a previously idled engine plant on the city’s east side as part of a $4.5 […]

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Apartments, retail planned for long-vacant Lee Plaza

The city of Detroit plans to sell the long-vacant Lee Plaza to a joint venture that will redevelop the historic building into 180 residential units and retail. The city announced Thursday that it has asked the Detroit City Council to approve the sale of the 1.7-acre site at 2240 W. Grand Boulevard for $350,000 to development partnership […]

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Detroit to revamp 7 business corridors starting this spring

Detroit is finalizing plans to revamp seven business corridors across the city this spring as part of a $125 million campaign to breathe life into its neighborhoods. A request for proposals for the projects will be released later this month. Dozens of city blocks, from the Livernois “Avenue of Fashion” to the heart of Mexicantown, […]

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Commercial property values rise 35 percent in Detroit over past year

Commercial property values in Detroit rose 35 percent between 2017 and 2018 after the city completed its first citywide reassessment of commercial buildings in decades, Mayor Mike Duggan said Tuesday. The overall value of commercial property in Detroit rose $2.96 billion to more than $4.5 billion, according to data from the city assessor’s office. Industrial […]

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Final winter auto show ends an era but also forges a path to the future

This year’s North American International Auto Show is the end of an era, but it also reflects a transition that’s already starting to happen. Among the changes? More movement on the show floor. An industry in flux from technological advancements — from engineering vehicles to how those vehicles are marketed and sold — caused the […]

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Detroit Region Aerotropolis draws investments as automotive hub

Putting an industrial automotive operation in the Detroit area has obvious advantages. General Motors Co., Ford Motor Co. and FCA US LLC provide a critical mass of automaker customers, while major suppliers and tech centers carpet the landscape. But finding a site poses a problem. That opportunity — or challenge — is the idea behind […]

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SIGNATURE HAS BEEN AWARDED THE REPRESENTATION OF 7,121 SQUARE FEET OF RETAIL/OFFICE SPACE IN DETROIT, MICHIGAN

SOUTHFIELD, MICHIGAN—November 30, 2018— Signature Associates has been awarded the representation of 7,121 square feet of retail/office space located at 835 Holden Street, Detroit, Michigan.   Angela Thomas, Erica Dunlap, and Nicole Voisard of Signature Associates are the listing brokers representing the owner, David Tessler. This is an exciting opportunity to lease a freestanding building […]

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SIGNATURE SELLS 6.07 ACRES OF LAND IN DETROIT, MICHIGAN

SOUTHFIELD, MICHIGAN—November 29, 2018— Signature Associates has negotiated the sale of 6.07 acres of land located at 12802 Kercheval, Detroit, Michigan.   John Boyd and Chris Monsour of Signature Associates represented the seller, Continental Aluminum Partners, L.P., and the purchaser, Prince Realty.   About Signature Associates Signature Associates (www.signatureassociates.com), with offices in Southfield, Detroit, Lansing, […]

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Business expansions and community projects to bring 4,000+ jobs to Michigan

Vital support for the Ford innovation hub in Detroit’s Corktown neighborhood, along with three other automotive and technology-related business expansions, a new commerce center in Hazel Park, and community revitalization projects including a significant improvement to downtown Battle Creek, was approved by the Michigan Strategic Fund board today. Overall, the MSF board approved projects expected to generate more […]

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Supplier plans $9.27 million investment, 300 new jobs in Detroit expansion

A Troy-based paint finishing system supplier plans to buy property in Detroit to expand its operations there as part of a $9.27 million investment, according to the state. Gallagher-Kaiser Corp. aims to add 300 jobs as it grows its Detroit manufacturing operations, according to a memo from the Michigan Economic Development Corp. The Michigan Strategic […]

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Kar’s Nuts acquires Sanders as Detroit-born brands combine

Regional chocolate and caramel icon Sanders is being acquired by another Detroit-born snack maker, Kar Nut Products Co. Kar’s Nuts, an 85-year-old trail mix manufacturer based in Madison Heights, on Wednesday acquired Sanders owner Morley Candy Makers LLC. They did not disclose a purchase price or other details of the deal. Together Kar’s and Clinton […]

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California-based company to invest $71.1 million, create 500 jobs in R&D center in Washtenaw County

High-tech semiconductor equipment manufacturer KLA-Tencor Corp. is planning to invest up to $71.1 million and create 500 jobs in Washtenaw County. The new research-and-development center would be the first Michigan location for the Milpitas, Calif.-based company, which supplies process control and yield management systems for the semiconductor industry and employs 6,000 people worldwide, according to […]

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Flex-N-Gate plant opens with Detroiters as half of workforce

Half of the employees so far hired at Flex-N-Gate’s manufacturing plant are Detroiters, the company said Monday. The sounds of whirring machines and clanking metal inaugurated the $160-million manufacturing facility as it begins real production for the Ford Ranger. The plant covers 30 acres of Detroit’s I-94 Industrial Park, not far from the Coleman A. Young International Airport in […]

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Former Purple Gang hub near Detroit riverfront sells to NYC investor

The Elevator Building near the east Detroit riverfront has sold to a New York City investor who plans upgrades. Jean-Michel “Mitch” Wasterlain closed on the deal for the 28,000-square-foot building at 1938 Franklin St. on Monday, according to Peter Jankowski, vice president of brokerage services for Farmington Hills-based Friedman Real Estate LLC who represented the […]

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Nelson father-son duo plans to maintain Eastern Market’s identity

Sanford Nelson has had a two-year crash course in Detroit commercial real estate, with the result being a 142,500-square-foot Eastern Market portfolio quietly acquired over the last 18 months. Son of millionaire serial entrepreneur Linden Nelson, the 29-year-old has his eyes set on a $20 million effort to buy and improve no fewer than 11 […]

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Future of Corktown: Detroit introduces outreach program for neighborhood framework

The city of Detroit introduced Monday a nearly yearlong plan to engage residents and community stakeholders for input on the future of Corktown. A request for proposals will be issued by the city Aug. 31 for the strategic framework of the greater Corktown area, and a comprehensive course of action will be decided by the […]

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Ford’s play for train station to build Auto 2.0 campus would transform Corktown

As symbols go, nothing better projects Detroit’s decades-long decline than the Michigan Central Depot. Built just before the opening of World War I, the gap-toothed hulk sat empty for the past 30 years, looming over Corktown and marring the city’s narrative of reinvention. The neighborhood would be transformed by Ford Motor Co.’s plans to anchor its […]

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Pet spa, yoga studio part of Royal Oak apartment-retail development

Metro Detroit residents looking for a place to live in a couple of years will have a housing option where they can live, have access to a bistro cafe, get their pets pampered and practice yoga, all in the same complex. Construction started this week on an apartment-retail development at the northeast corner of Woodward Avenue at I-696 in Royal Oak, […]

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Accenture’s move to Detroit supported by innovation hub in suburbs

Accenture plc is preparing to add 200 highly skilled tech jobs in downtown Detroit, a move supported by its opening this week of an innovation hub in Livonia. The 10,000 square-foot lab and demo space at 13600 Otterson Court offers a place for clients of the Ireland-based professional services firm to create and test technologies to support […]

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Emagine, Big Sean plan to open new Detroit movie theater

Emagine Entertainment Inc. and Detroit-born rapper Sean “Big Sean” Anderson are opening a new movie theater in downtown Detroit. Although the Troy-based company has not yet determined a precise location for the theater, which would also include a new music venue, it would provide a new movie option in a city where few exist. “There […]

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760-mph Hyperloop transit system considers Detroit-Chicago route

A California-based company is in talks with Michigan transportation officials to consider whether Detroit could be a potential stop for a futuristic transportation system. Hyperloop Transportation Technologies (HTT) is looking to create a high-speed tube-based transportation system from Cleveland to Chicago that would theoretically reach speeds up to 760 miles per hour. “Hyperloop Transportation Technologies has reached out to us regarding […]

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Mining and steel company opens facility in Detroit

A mining and steel company opened Monday in the city’s I-94 Industrial Park, bringing 80 new jobs to an area that is being revived by major manufacturing companies. The $83 million facility for ArcelorMittal Tailored Blanks on Mount Elliott will be the company’s first location in Michigan, officials said during a press conference. ArcelorMittal Tailored […]

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The Promise of Small-Scale Manufacturing in Detroit Highlighted in New Research

New research from the Urban Manufacturing Alliance (UMA) features the growth potential of the manufacturing sector in Detroit. The research, from State of Urban Manufacturing: Detroit Snapshot, comes from the second of a six-city series produced by UMA. The program provides unique data on city-based manufacturing, emphasizing makers and small-scale manufacturers. In partnership with the Detroit Creative […]

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New York City-based The Hummus and Pita Co. to Open Five Restaurants in Metro Detroit

New York City-based The Hummus and Pita Co., a Mediterranean restaurant, has announced it will be expanding to Michigan. The company says it has signed a five-unit franchise deal to open locations in Detroit, Ann Arbor, Troy, Warren, and Canton Township. The menu offers a variety of choices including Moroccan beans, Israeli couscous, pita and […]

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Assessed value of industrial property in Detroit rises 64%

– Detroit’s assessed value of industrial property increased 64 percent from 2017 – Reassessment in 2016 “significantly undervalued” industrial parcels – For first time in 17 years, residential assessments rose citywide   The assessed value of industrial property in Detroit rose sharply by more than 64 percent for this year after city officials concluded they […]

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Auto show and downtown Detroit share identical tech-happy future

Downtown Detroit and its annual auto show share a rapidly evolving identity as a home to tech start-ups. Overlooked mostly until now, this trend represents a big change for both. The North American International Auto Show no longer is just about sedans and trucks. Now it offers a growing menu of mobility-related start-ups in its […]

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Outlook brightens for Michigan economy, jobs

Nearly nine years into the economic expansion that helped lift Detroit from its metaphorical knees, Michigan’s economy continues to look up. The state’s economic outlook is at a six-year high, according to the annual Michigan Economic Outlook Survey prepared by the Ann Arbor-based Baker Strategy Group and to be presented Thursday at the Detroit Economic Club. […]

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Detroit’s new skyscraper to be ‘city within a city’

A “city within a city” is what architects promise for the $900 million mixed-use development on the former site of the iconic J. L. Hudson Co. department store. “We’ve heard the stories about what Hudson’s was to Detroit, but how is this site going to change as we move forward? What are those experiences going […]

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Prime + Proper to open soon in Detroit’s Capitol Park

Long-awaited modern steakhouse Prime + Proper is readying to open soon in Detroit’s Capitol Park. The debut could come as early as this weekend, pending some inspections, said owner Jeremy Sasson. Housed in the 105-year-old Capitol Park Loft building at 1145 Griswold, Prime + Proper is a 10,000-square-foot, two-story restaurant that aims to specialize in […]

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Major retail execs plan to explore a new land: Detroit

Can Detroit — a city of one cinema multiplex and no Target stores — help major retailers figure out the future of shopping? That could be one of the goals next September when an estimated 200 professionals who design stores for such chains as Walmart to Louis Vuitton to Apple gather in Detroit for the design:retail […]

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SIGNATURE ASSOCIATES HOSTS COMPANY-WIDE VOLUNTEER EVENT AT GLEANERS COMMUNITY FOOD BANK

SOUTHFIELD, MICHIGAN—April 24, 2017— Signature Associates company-wide volunteer effort with 81 Signature professionals from our eight regional offices along with their friends and families gathered at Gleaners Community Food Bank on April 21, in downtown Detroit. Signature Team Cares worked together to touch over 24,000 Southeastern Michigan residents by redistributing and packing food along with […]

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