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Analysis: Recovery depends on a lot going right, but the economy isn’t broken

The forecasts seem impossibly wretched. Economists at JPMorgan Chase project a 40 percent decline in gross domestic product in the second quarter. Trillions of dollars in economic activity abandoned in the wake of COVID-19. April’s unemployment rate is expected to hit 20 percent or more. That’s 25 million without work. More than 817,000 filed for […]

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Whitmer approves liquor buyback program as bar, restaurant restrictions extended

Gov. Gretchen Whitmer has signed an executive order allowing the Michigan Liquor Control Commission to buy back spirits on the shelves of bars and restaurants that have been closed for four weeks due to the coronavirus outbreak. The state’s liquor control commission plans to meet Tuesday to take action on creating the buyback program. Under […]

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Lear publishes ‘playbook’ for reopening factories in the age of COVID-19

As COVID-19 deaths continue to rise in Michigan and the U.S., the underlining question is less when nonessential employees get back to work — when the virus is contained — but how. Southfield-based Lear Corp. released Monday a guide called “Safe Work Playbook” outlining protocols and procedures on how employers can resume operations when it […]

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Region’s Q2 GDP expected to drop over 20%

Early projections are out about the impact of COVID-19 on the West Michigan economy, and they paint a sobering picture for the second quarter of 2020. James Chung — partner at StratoDem Analytics, a data science firm in Cambridge, Massachusetts that generates geographic market intelligence and forecasting in the U.S. — told the Business Journal […]

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Pontiac firm to open longest enclosed pedestrian bridge in US

The city of Pontiac will soon be home to what is being called the nation’s longest enclosed pedestrian bridge. Fast-growing mortgage firm United Shore Financial Services announced Thursday that it has obtained city approval to construct the 1,000-foot-long, 26-foot-wide bridge across South Boulevard. The $20 million bridge will connect the firm’s existing headquarters to its recently […]

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Ann Arbor’s U-M Receives $10M to Open Real Estate Center

The Stephen M. Ross School of Business at the University of Michigan in Ann Arbor will launch a real estate center that will offer a suite of practice-oriented courses thanks to a $10 million gift from Ron Weiser, a regent and alumnus of U-M. Students at the Weiser Center for Real Estate will learn from […]

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US Signal to open Van Buren Township data center in early March

US Signal, a Grand Rapids-based IT consulting firm and data center operator, plans to open its fourth Michigan data center in Van Buren Township in the first week of March, the company announced this week. Announced in late 2018, the facility will open with 25,000 square feet of data center floor space and can expand […]

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After $1B invested in St. Clair County in 2019, officials aim to grow

Over $1 billion was invested in St. Clair County in 2019, and county officials are working to keep that momentum going. The Economic Development Alliance of St. Clair County held a luncheon this week with stakeholders, economic partners, community leaders and keynote speaker Amanda McClanahan, Michigan Economic Development Corporation’s chief operating officer. The region’s economic success for 2019 was celebrated, […]

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Roseville accepting proposals for Utica Junction development

Roseville is taking applications from developers who are interested in developing two sites in the Utica Junction area that are owned by the city. Roseville officials are hoping this will help efforts to revitalize the area around Utica Road and Gratiot Avenue. The city also will be offering incentives for certain developments that could help […]

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Drug company making $113M oral care acquisition

A drug manufacturer with a major West Michigan presence is acquiring the oral care assets of a company that is in bankruptcy proceedings. Dublin, Ireland-based Perrigo — which has its North American headquarters in Allegan — said Monday that it has reached a definitive agreement to acquire the oral care assets of High Ridge Brands for $113 […]

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Airport leaders hope to build a drone park in Battle Creek

The director of the Battle Creek Executive Airport at Kellogg Field said he plans to bring Battle Creek into the next generation of unmanned aviation. “It’s the future,” Larry Bowron said of the airport’s plans. “It’s the things that we dreamt of when we looked at the back of Popular Mechanics and saw the jet […]

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Logistics park could bring 2,000 jobs to Wood County

A new logistics park estimated to cost as much as $150 million and with the potential to bring 2,000 jobs to Henry Township is one step closer to becoming reality. Wood County commissioners voted Tuesday to approve a community reinvestment area for Kansas City-based NorthPoint Development. The firm, which specializes in helping companies build out […]

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Steel Manufacturing Company Coming to Northwest Ohio

A premier steel manufacturing company has announced plans to open a new pipe and tube production facility in Northwest Ohio. Nova Tube & Steel, LLC will install two new tube mills in Delta, Ohio creating 100 new jobs in the Fulton County community. The new facility will produce hollow structural sections (HSS) and standard pipe. […]

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Simon’s $3.6B Taubman Buy a Positive Sign for Class A Malls

Simon Property Group Inc.’s pending acquisition of an 80 percent interest in Taubman Centers Inc.’s The Taubman Realty Group LP will give Simon majority ownership of some of the highest quality malls in the U.S. And the $3.6 billion price tag on the 25 million-square-foot portfolio serves as a vote of confidence in the future of premier […]

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Key development projects slated to impact Downriver in the years ahead

The Detroit Regional Partnership, an economic development nonprofit, held the Downriver Economic Development Summit on Monday, where a number of new projects impacting the region were discussed. Gordie Howe International Bridge The Gordie Howe International Bridge soon will give travelers a new route between the United States and Canada. An agreement for the new bridge […]

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Detroit Seeks Partners to Rehabilitate Historic Fort Wayne

The city of Detroit’s General Services Department, Parks and Recreation Division is seeking public and private partners to help revitalize and activate Historic Fort Wayne, which sits in the city’s Delray neighborhood. The goal is to make it a high-visibility location adjacent to the future site of the Gordie Howe International Bridge entrance. Partners can […]

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Plans underway to replace mobile home park on Cass Lake with luxury apartments

A post-World War II mobile home park in Keego Harbor may be replaced with a luxury apartment complex. Within about two years, Ara Darakjian and his Birmingham-based Tir Equities LLC hopes to begin construction on the 5.33-acre site on Orchard Lake Road overlooking Cass Lake in the tiny Oakland County community nestled between Sylvan Lake […]

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Lyon Township Planning Commission gives nod to Amazon facility

Amazon Inc. wants to put a nearly 87,000-square-foot distribution facility in Lyon Township. During its meeting Monday, Lyon Township’s Planning Commission recommended approval of the plans for the facility that would occupy a vacant building along Grand River Avenue on Automation Boulevard. The online retailer wants to use the land for a distribution center and temporary parking area […]

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Muskegon County busy with redevelopment projects

With a $19 million convention center underway, several projects on the waterfront, a micro hotel and some mixed-use buildings, downtown Muskegon has become an epicenter of development activity along the lakeshore. “We are in a historic transformation,” said Dave Alexander, the business development manager for the city of Muskegon. While downtown Muskegon remains arguably the […]

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Family farm to auction off land

A local family farm is auctioning off almost 300 acres. After four generations of family farming, Slocum Farms LLC decided to downsize and sell 282 acres of prime farming real estate. “We’ve decided to size down and centralize our operation by selling some property that possesses fabulous opportunity,” said Denise Pagura, owner of Slocum Farms. […]

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Old Fort manufacturer plans expansion, 60 new jobs to be created

A major manufacturer of household packaged goods plans to invest $38 million to expand its plant in Old Fort in Seneca County, the Regional Growth Partnership said Tuesday. Church & Dwight Co. Inc. of Ewing, N.J., said it will expand its production and warehouse space to make room for new product lines, creating 60 jobs […]

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Potential suitors eyeing Speedway

Marathon Petroleum Corp.’s Speedway gas-station division has drawn interest from potential buyers including the owner of convenience-store chain 7-Eleven as well as TDR Capital, people familiar with the matter said. Seven & i Holdings Co., the Japanese company that controls 7-Eleven, is working with advisers as it considers a takeover of Speedway, according to the […]

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Holistic Industries to build $20 million medical marijuana grow, retail facility in Madison Heights

A Washington, D.C.-area cannabis company, Holistic Industries, plans to build a $20 million Michigan headquarters in Madison Heights. The company aims to redevelop the vacant former Fairlanes Bowling hall property near 12 Mile Road and I-75, according to a news release, and build a 65,000-square-foot medical marijuana center for growing, processing and retail. It expects […]

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The Future of Industrial Real Estate

Prologis Inc., the largest warehouse provider in the U.S., wrapped up construction of a three-story distribution center in Seattle in October of last year. The 590,000-square-foot project, called Georgetown Crossroads, is the nation’s first logistics property to have multiple floors that are serviceable by large delivery trucks. Amazon has reportedly agreed to take up about […]

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5 notable construction projects from West Michigan

Contractors are capping off another busy year for developments across West Michigan. From the largest mixed-use project in downtown Grand Rapids history, to new modern buildings in historic areas, these are five notable projects from around the region on the radar for MiBiz this year. Here’s a closer look at them. 10 Ionia Architect: Yamasaki Associates Inc., Troy […]

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Detroit Athletic Club may expand footprint north of downtown building

The Detroit Athletic Club is looking into an expansion downtown. What precisely that will include will be hashed out in the next eight to 10 months as Detroit-based architecture and planning firm Rossetti Associates Inc. comes up with a new master plan. That process is expected to begin next month. In an article in its […]

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After years of delays, Five & Main project moving forward in Commerce Township

A Commerce Township development long in the works is moving forward as a developer has purchased more than 30 acres of land for a new lifestyle center. Birmingham-based Robert B. Aikens & Associates LLC has closed on the $4.25 million purchase of about 34 acres for the first phase of what is being referred to […]

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Kelly Services renovating headquarters, consolidating space with sale-leaseback deal

A sale-leaseback deal expected to close early next year will result in a real estate musical chairs for Troy-based Kelly Services Inc., which is consolidating employees into a renovated headquarters building and another building nearby. The publicly traded staffing company (NASDAQ: KELYA, KELYB) on Thursday announced a pending sale of three of its owned properties, […]

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GM, LG Chem to build battery-cell plant in northeast Ohio

General Motors Co. and LG Chem will invest $2.3 billion in northeast Ohio to build a battery-cell manufacturing plant, the companies announced Thursday. The joint venture in the area of the former GM Lordstown Assembly plant will break ground in mid-2020. More than 1,100 new jobs will be created through the investment in the region that was rattled when […]

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Women entrepreneurs and business owners on the rise in Ohio

As a little girl, Stephanie Johnston dreamed about owning her own business, but after spending nearly 18 years in the corporate world, including nearly eight years at Owens-Illinois, it seemed as though her career track was becoming defined by Wall Street. “Don’t get me wrong, I’m a huge fan of my time at O-I. But […]

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Bank opens regional office downtown

A bank has unveiled its new regional corporate office and banking center inside a newly completed high-rise downtown. TCF Bank, a subsidiary of TCF Financial Corporation, which merged with Chemical Bank this summer, hosted a ribbon-cutting ceremony Dec. 10 for its new regional corporate office and banking center in downtown Grand Rapids, at 150 Ottawa […]

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Michigan Moves up to 12th in Nation for Doing Business

Michigan was ranked 12th among the top states for doing business, according to the Tax Foundation’s 2020 State Business Tax Climate Index that was released this week. The new ranking is up five spots from last year, and Michigan is one of only two Midwest states to be in the top half of the rankings. […]

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The Mall at Partridge Creek in Clinton Township Adds Four Retailers

The Mall at Partridge Creek in Clinton Township is adding American Eagle/Aerie, Burger Fin, Detroit Axe, and lululemon to its outdoor shopping center. American Eagle/Aerie, a lifestyle clothing and accessories retailer and its lingerie sub-brand, is set to debut in the fourth quarter. The combined store will encompass about 10,800 square feet. Burger Fin, a […]

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Former Flint Delphi site being readied for redevelopment

A $36,000 state grant is being used to promote new development at Flint’s former Delphi Flint East property, a part of nearly a half-million in grants supporting the Flint & Genesee Chamber of Commerce programs focused on economic and community growth. The site readiness program grant from the Michigan Economic Development Corporation will help get […]

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Monroe to purchase former La-Z-Boy headquarters, plans to redevelop site

La-Z-Boy Inc. has sold its former headquarters and surrounding 26 acres to the city of Monroe, which plans to demolish the buildings next year and then redevelop the area into housing and retail stores. The sale was announced Friday and is the first step by Monroe to implement a “subarea” plan developed in March. La-Z-Boy, […]

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New distribution center creating up to 766 jobs

An out-of-state developer is breaking ground on a distribution center in the region for a major shipping company. The Kalamazoo County Board of Commissioners recently approved a brownfield plan for the construction of a FedEx distribution center in Portage, at 6701 Portage Rd. Indianapolis-based Scannell Properties will redevelop the property with the construction of a […]

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Fortune 500 company coming to spec building near Toledo Express

Developer Ed Harmon, whose gamble on an industrial spec building at the old Willys Jeep plant site morphed into a bustling industrial park with three auto suppliers and 600 workers, has purchased a vacant spec building near Toledo Express Airport to be used by a Fortune 500 company that plans to hire between 50 and […]

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GM confirms its sale of shuttered Lordstown plant

General Motors Co. confirmed Thursday it has sold its shuttered Lordstown Assembly plant in Ohio to a start-up that has an ambitious plan to begin building electric pickup trucks by the end of 2020. Lordstown Motors Corp., which is 10 percent owned by Workhorse Group Inc., has retained Ohio investment bank Brown Gibbons Lang & […]

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Cascade looks into relocating office

Cascade Township officials are exploring the use of a vacant manufacturing headquarters as a potential site for a consolidated township office. The township board signed an agreement with an option to purchase the property at 5920 Tahoe Drive SE from Tahoe Associates LLC after the successful completion of a due-diligence period ending Dec. 12. If […]

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Engineering firm moves into West Michigan market

An engineering firm from the state’s east side is setting up operations in West Michigan. Rochester Hills-based Spalding DeDecker opened an office in the Calder Plaza Building in downtown Grand Rapids, at 250 Monroe Ave. NW, according to the firm last month. It is the company’s first West Michigan location. With the addition of Grand Rapids […]

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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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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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Gun Lake Casino plans $100 million expansion

A 72,000-square-foot expansion at Gun Lake Casino will allow the operation to grow its gaming, restaurant and entertainment options. Preliminary site work for the $100 million project is currently underway. Gun Lake Casino expects construction to begin in the coming weeks, with an opening expected in summer of 2021. The expansion, which involves adding a new […]

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Wayne County approves $40 million development deal for former Pinnacle race course

Wayne County’s Commission on Thursday unanimously signed off on a $40 million development deal for the shuttered Pinnacle race track. Wayne County Executive Warren Evans said Texas-based Hillwood Enterprises L.P. is acquiring the Pinnacle Aeropark Property from the county for about $4.9 million. The company, founded by Ross Perot Jr., is expected to develop the […]

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LivWell Michigan to Open Cannabis Cultivation, Processing Facility in Warren

LivWell Michigan, a licensee of Colorado-based LivWell Holdings, will lease a 156,000-square-foot industrial space in Warren where it will operate a licensed cannabis cultivation and processing facility upon completion of redevelopment. The property was purchased for $19 million by and leased to LivWell by San Diego’s Innovative Industrial Properties. LivWell is expected to invest up […]

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Banking on flex space: Ann Arbor developers plan large speculative project

Cameron McCausland and Joe Vig have formed a new real estate development company planning a 230,000-square-foot speculative project in Ann Arbor costing $60 million to $70 million. The two longtime real estate professionals — McCausland had been a broker with Plante Moran CRESA and Colliers International Inc. for nearly three decades and Vig has his […]

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Vester Square development would create shopping, dining, park campus in Ferndale

East of downtown Ferndale, a cluster of businesses and parking lots could start to slowly morph into a multifaceted dining and shopping campus. Vester Square — a three-phase redevelopment project estimated to cost $20 million-$25 million— is making its way through Ferndale government approvals, according to city officials and a lead developer, Christian Fuller of […]

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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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Woodland Mall shows off $100M renovation, new Von Maur department store

Shoppers at Woodland Mall have plenty new to see these days. Two years after workers demolished the former Sears store that once anchored the mall, Woodland officials on Thursday showed off a $100 million renovation project that replaces the space once occupied by the iconic retailer. The new wing is anchored by a Von Maur department store, […]

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$160M Studio Park opens downtown

Downtown Grand Rapids’ latest attraction now is open to the public. Studio Park celebrated its grand opening today at 123 Ionia Ave. SW. The 62,500-square-foot development offers several dining and retail options, a 200-seat concert venue called the Listening Room, a nine-screen movie theater, luxury lofts and an outdoor piazza. The $160 million project is […]

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East Toledo iron plant on track to open next summer

Ten days ago workers finished erecting the 457-foot furnace reactor tower at the hot briquette iron manufacturing plant under construction in East Toledo, officially making it the tallest structure in the city. So on Wednesday, the plant’s owner, Cleveland-Cliffs Inc., decided it was time to provide a progress update on the $830 million plant by holding an […]

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Maumee approves traffic study for uptown

Maumee City Council approved a traffic study Monday night for one of the busiest parts of the city. A contract was approved with DGL Consulting Engineers to perform the study in various portions of the Uptown district. The cost is not to exceed $99,541. The vote was 6-0 with Councilman Brent Buehrer abstaining because of […]

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Amazon eyes Silverdome site for distribution center; 1,500 jobs expected, officials say

Tech giant Amazon sent shock waves throughout Pontiac when news broke of the expected development of the Silverdome site into a distribution center as part of a $250 million project that would bring 1,500 jobs. The first steps in the plans to develop the 127-acre site were discussed during a Pontiac Planning Commission meeting on Wednesday night. The commission […]

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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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Demolition of Kmart HQ remains a possibility for new development

Some concepts for any redevelopment of the former Kmart Corp. headquarters in Troy still involve tearing it down. However, nothing is firmed up and any redevelopment of the existing 1.1 million-square-foot, long-vacant behemoth or new development on the 40 acres on which it sits are easily years out. In general, it’s been a high-octane recovery […]

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Auto supplier Faurecia planning to create 500 jobs in Highland Park

Officials say auto parts maker Faurecia is planning to invest $10.7 million and create 500 jobs in the Detroit enclave of Highland Park. The planned investment was announced Tuesday as the Michigan Economic Development Corp. said the company is expected to get a $2 million Michigan Business Development Program performance-based grant. Plans call for workers […]

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Michigan’s attractiveness grows among aerospace manufacturers

Michigan is the most attractive state in the Midwest for new aerospace manufacturing businesses. That’s according to a recent report from PricewaterhouseCoopers (PwC), a global consulting firm. The annual rankings report, which also raised the state from 8th nationally in 2018 to fourth in the 2019 report, cited the state’s “favorable corporate tax structure” and […]

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Packaging company investing $600M in expansion

A maker of coated recycled paperboard is planning a $600 million expansion in the region. Atlanta-based Graphic Packaging International plans to invest the funds for a new machine and subsequent building expansion to produce coated recycled paperboard, used to make such products as cereal boxes, at the existing mill in Kalamazoo, at 1500 N. Pitcher […]

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Downtown Muskegon gets boost with $8M hotel

Parkland Properties recently put the finishing touches on an $8 million renovation of a former Holiday Inn in Muskegon. The newly designed hotel is part of a multimillion-dollar investment into a revitalized downtown Muskegon, which includes plans for a new convention center. The hotel at 939 Third St. was renovated into a Delta by Marriott, […]

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UT moves forward with plan to sell its Scott Park campus

The University of Toledo Board of Trustees is progressing with plans to sell Scott Park campus and recently approved a resolution to begin the process of securing state approval. The university will need permission from the General Assembly to transfer the property. State agencies typically need such approval because property is owned by the state […]

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Get ready! Construction is about to begin on new Glass City Metropark

Drive along Main Street in East Toledo where the old Toledo Sports Arena used to stand and you can see the construction happening now on Marina District land that had frustrated Toledoans for remaining vacant so long. That’s the $45 million, 360-unit cluster of apartments and townhouses Columbus developer Frank Kass is building near the […]

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Economic development picking up steam in Wood County

Wood County is home to some of the most unique geography and infrastructure in the region, and developers are noticing. Two of the longest highways in the country — I-80/​90 and I-75 — intersect in Rossford. CSX operates three lines in portions of the county, and Norfolk Southern runs another. Toledo Executive Airport in Millbury […]

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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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Ann Arbor SPARK Helps Secure $170,000 in Site Readiness Grants for Washtenaw and Livingston Counties

As announced by the Michigan Economic Development Corporation (MEDC), both Washtenaw and Livingston counties will receive grants through the new competitive Michigan Build Ready Sites program. The targeted grant program aims to boost Michigan’s inventory of available properties ready to compete for business attraction projects. Both grants were shepherded by Ann Arbor SPARK. “These awards bring critical […]

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M&A remains active among West Michigan manufacturers

When Grand Rapids-based Multi-Automatic Tool and Supply Co. started searching for prospective acquisitions several years ago, the move came as a reaction to many of the company’s customers buying directly from small shops.  Convinced that he needed to diversify his business in order to compete, President James Byl went looking for opportunities, but it took a few […]

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Grand Rapids airport announces $90M expansion

A $90 million expansion at the Gerald R. Ford International Airport will aid in economic development in West Michigan, the airport authority board said Wednesday. Airport officials gathered to announce “Project Elevate,” which includes several components meant to ease and expand passenger experience. The project begins with the extension of Concourse A to accommodate projected […]

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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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Howell City Council Approves Brownfield Plan For Pearl Building Project

Another redevelopment project in the City of Howell is moving forward. The building known as “The Pearl” at 309 East Grand River is owned by Jeff Doyle. They are said to be ready to go on an estimated $2.2 (m) million redevelopment project on the building that is considered “functionally obsolete”. City Council met Monday […]

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Officials promise change is coming for Fort Industry Square, Hotel SeaGate

Each day at Balance Pan-Asian Grille’s downtown eatery customers who look out the restaurant’s west-facing windows can count on a dismal view of the corner of North Summit Street and Jefferson Avenue. Staring back at them is the half-demolished,19-story skeleton of the former Hotel Seagate, its street-level deconstruction hidden by a perimeter construction fence but […]

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Production Tool Supply Company Expands Headquarters & Operations in Novi

Production Tool Supply Company, a leading supplier and distributor of industrial tools, is establishing a new headquarters and fulfillment center Novi, Michigan. To keep pace with current and future growth, the company plans to build a North American headquarters and fulfillment center in the city of Novi, according to Michigan Economic Development Corporation. The company will utilize […]

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Varsity Shop demolition expected to begin soon

In 2016, Signature negotiated the contract on behalf of the client and closed on this project.  Our innovative process combined consulting, marketing & transactional services to best manage and support our client’s needs.    The Varsity Shop property at 277 Pierce St. in Birmingham may start coming down soon, the city says. It is owned […]

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Flint’s seismic small business growth follows a tidal wave of investments

The City of Flint and its potential for development was on the discussion table in Detroit Sunday as talk show host Mark S. Lee and editors of TheHUBmet with Metro Community Development CEO Brian Glowiak to discuss the more than $250 million in new investments and related small-business growth in the city. Glowiak was a […]

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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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11 Toledo area firms among Inc. magazine’s list of fastest growing companies

Eleven companies in northwest Ohio have been named to Inc. magazine’s list of the 5,000 fastest-growing private companies in America. The new list, which was released Wednesday, includes eight firms that are on the list for the first time, along with one Toledo firm that is making its appearance on the Inc. 5000 for the […]

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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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Art Van buildings in Livonia, Shelby Township, Howell listed for sale

STORE Capital Corp. is selling five of its Art Van Furniture LLC-leased buildings, including three in Southeast Michigan, to fund more development for the Warren-based furniture and mattress seller. The Scottsdale, Ariz.-based publicly-traded real estate investment trust (NYSE: STOR) is seeking $56.55 million, or about $173.80 per square foot, for the properties, which sit on […]

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Caledonia insurance firm coming to Studio Park will bring 400 jobs downtown

Studio Park, the $160 million project just south of Van Andel Arena that includes a movie complex, restaurants, apartments, retail shops and more, on Wednesday announced the tenant of its six-story, $40 million office tower. Acrisure, a Caledonia Township-based insurance, risk management and benefits design firm, will move from its current headquarters to the new […]

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Nonprofit completes new HQ

A local nonprofit has a new green headquarters. Kids’ Food Basket is now moving into its new headquarters in Grand Rapids, at 1300 Plymouth Ave. NE. Construction on the two-story, 27,000-square-foot building began in October 2018 and involved extensive site work, removal of unsalvageable structures on site, new construction of a warehouse and attached corporate […]

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It’s official: Amazon is coming to Rossford

The tenant has finally been revealed for a major economic development project in Rossford, and it’s not a surprise. Amazon.com announced Monday morning that it is building a fulfillment center on 100 acres in The Crossroads, just east of I-75 and north of U.S. 20/23. A second center will be location in Akron. City and company […]

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Beaumont’s Woodward Corners tenant mix starts to take shape

The scent of burgers wafts through the under-construction Woodward Corners development by Beaumont Hospital in Royal Oak, and much of the forthcoming tenant mix is starting to take shape. The 122,500-square-foot commercial community is mostly uninhabited, aside from equipment, construction workers and Wahlburgers, which on Wednesday became the Woodward Avenue and 13 Mile Road retail center’s […]

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Big Boy looks to bounce back under new ownership

As Big Boy’s new owners aim for a comeback, the change comes in small moves — taking MSG out of seasoned salt, for example — and large ones, like paying off $34 million in debt. The Warren-based restaurant chain’s CEO led a group of local investors that bought Big Boy Restaurants International LLC last fall. […]

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Southgate aims to reinvent commercial district

In a broad effort to entice new businesses and promote economic vibrancy, Southgate city officials are working to carve out a new identity for the downriver community’s commercial district. Southgate’s downtown district, largely defined as Eureka Road between Allen Road and Fort Street and parts of Trenton and Dix Toledo roads, is slowly taking shape […]

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Large industrial building in Grand Rapids has new owner

A large, industrial building on Grand Rapids’ Southeast Side that formerly housed a company that manufactured products used to display retail merchandise has a new owner. A company affiliated with Kojaian, a Bloomfield Hills-based realty company specializing in office, industrial, high-tech and retail spaces, purchased the 925,000-square-foot building, which is located south of 36th Street […]

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GHSP to expand, relocate headquarters to Holland

Automotive supplier GHSP is expanding and moving its headquarters and engineering laboratory to the Holland Technical Center, MiBizhas learned. The company, a division of Grand Haven-based JSJ Corp., has leased 120,000 square feet of office space and 35,000 square feet of lab space at the facility located at South Waverly Road and East 32nd Street. The move nearly […]

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Former La-Z-Boy site land transfer OKed

A land swap between City of Monroe and Frenchtown Township has been approved; the goal is to redevelop the Telegraph Road property where La-Z-Boy’s headquarters once stood. The Monroe City Council unanimously approved a land transfer agreement Monday that allows the city to move forward on a planned redevelopment of the former La-Z-Boy Incorporated headquarters. […]

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Buyer in the wings for Monclova Township site resembles Temperance firm

The city of Toledo is close to a deal to sell 50 acres in Monclova Township to a mystery company from Michigan that would use the land for a corporate headquarters, manufacturing facility, and distribution warehouse. The company would be relocating 150 employees and could add another 50 within two years of completing the facility […]

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Mahindra eyes assembly plant, 2,000 jobs at Flint’s Buick City

An Indian automaker is poised to breathe new automotive life — and at least 2,000 jobs — into Flint’s iconic Buick City site. Mahindra Automotive North America Inc., maker of the Roxor off-road vehicle and a finalist to build the U.S. Postal Service’s next-generation delivery truck, has signed a non-binding letter of intent to acquire the 364-acre site from the trust charged with cleaning […]

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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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Ferndale approves developer deal for mixed-use parking garage project

A public-private partnership is moving forward to finance and construct downtown Ferndale’s first mixed-use parking garage development. City Council unanimously approved Monday night a development agreement between the city and Royal Oak-based developer Versa Wanda LLC, according to City Manager Joseph Gacioch. Construction started in February on the long-planned, city-financed portion of the approximately $40 million DOT (Development on […]

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Royal Oak’s Tennis & Golf Company sold out of Chapter 11

The Tennis & Golf Company on Woodward Avenue has been purchased by two local businessmen who seek to refresh the Royal Oak fixture and add online capabilities. Founded in 1977, the specialty shop selling tennis, golf, running, and fitness equipment and clothing filed a voluntary petition for Chapter 11 bankruptcy on March 7 in the […]

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Amenity-rich Class A office space still in demand in GR, suburban markets

The opportunity to lease brand new office space in the heart of downtown Grand Rapids offered Van Wyk Risk Solutions the chance to grow into a new location.  This month, Van Wyk will be the first tenant to move into the new Warner Building, located at 150 Ottawa Ave. NW in downtown Grand Rapids. After outgrowing its […]

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After 20 years, Paula Brown Shop on Monroe Street is closing

The Paula Brown Shop, a Toledo retailer that has been offering customers fine and unusual gifts for 20 years in downtown Toledo, is calling it quits. The store’s owners, Paula and Peter Brown, of Perrysburg, said they have decided to ease into retirement by closing their business. The couple plans to relax, enjoy visiting with […]

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Superior Electric Great Lakes Co. Opens Renovated Troy Headquarters

Troy employee-owned electrical contractor Superior Electric Great Lakes Co. last week officially opened its newly renovated, 50,000-square-foot headquarters at 1740 E. Maple Rd. More than 150 guests and employees took part in a ribbon-cutting ceremony for what the company calls one of the most advanced engineering departments of any electrical contractor in the Midwest. “This […]

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Henry Ford to build medical center at former Kmart site in Plymouth Township

Henry Ford Health System plans to build a new 120,000-square-foot outpatient medical center in Plymouth Township at a former Kmart store at 40855 Ann Arbor Road. When completed in 2021, it would be Henry Ford’s 31st medical center in Southeast Michigan. Two other outpatient medical centers are under construction in Royal Oak and Bloomfield Township. Royal Oak is […]

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Toledo job market strong for local grads

This spring, about 4,300 students in the Toledo area donned caps and gowns in order to receive the fruits of four years of study: a college bachelor’s degree. And while some may be forced to leave town to find employment, the bulk of the 2019 class of college graduates should find lots of opportunity in […]

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Furniture supplier planning new facility

A manufacturer of adjustable-height table bases is considering building a new production facility in the area. J-Star Motion Corporation is looking to build a 275,000-square-foot facility that would create 50 jobs, according to federal grant application documents. The facility would be constructed on a portion of 55 acres of undeveloped land at 725 and 730 […]

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Pontiac back on track, mayor says, citing growth, business

A decade after the state declared a financial emergency in the city, Pontiac is attracting more businesses, on the road to ridding blight and poised for growth, Mayor Deirdre Waterman said Wednesday. “Families and new companies … are increasingly choosing to make their home in Pontiac,” the mayor told an audience during her State of the […]

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Germany’s HELLA Opens U.S. Headquarters in Northville Township

HELLA, an automotive lighting and electronics company based in Germany, has opened its new U.S. headquarters in Northville Township, replacing its previous U.S. headquarters of more than 20 years in Plymouth Township, as well as two local satellite offices. The two-level facility is nearly 140,000 square feet and has an accredited in-house test lab that […]

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Palace of Auburn Hills to be razed; redevelopment in works

The former home of the Detroit Pistons soon will be demolished to make room for the homes of technology companies and corporations. A joint venture between Detroit Pistons owner Tom Gores and Livonia-based Schostak Brothers & Co. Inc. have purchased the Palace of Auburn Hills to be redeveloped into 1 million square feet of mixed-use office and research […]

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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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Arena property enhancements in planning stage

Planning is underway for a redesign of the Van Andel Arena plaza and perimeter. The $1-million enhancement project would transform the sparse land around the arena into a pedestrian-friendly space meant to better connect the arena district. Downtown Grand Rapids Inc. and the Grand Rapids-Kent County Convention/Arena Authority are reviewing concepts from the partly finished […]

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Western Michigan prepares to sell sites at business park expansion

Western Michigan University now has the green light to begin selling business parcels in the second phase of the Business, Technology and Research Park. While the preparation of the site itself is ongoing, the university’s Board of Trustees formally established the park’s second phase at its meeting Wednesday, June 26, and granted university officials permission […]

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Rossford approves incentives for likely Amazon center

Rossford City Council unanimously approved a series of incentive packages Monday night for a massive development experts have long believed to be an Amazon fulfillment center at the Crossroads. The four ordinances: State the city of Rossford and Wood County agree to grant abatement of real estate taxes on the project’s assessed value for 30 years. Establish […]

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Fort Industry Square rehabilitation gets $5 million tax credit

The Ohio Development Services Agency awarded a $5 million tax credit for the rehabilitation of Fort Industry Square on Summit Street. The credit is part of more than $28 million in tax credits the agency awarded for the rehabilitation of 49 historic buildings across the state, according to a release from the agency on Wednesday. […]

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GM will sink $150 million in truck production at Flint Assembly

General Motors will invest $150 million in equipment at its Flint truck plant to rev up production of its new Chevy Silverado and other vehicles. GM President Mark Reuss made the announcement at a news conference at Flint Assembly on Wednesday, June 12, the automaker’s second major expansion of its full-size pickup production capacity this […]

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St. Louis firm buys Ann Arbor office building in market ‘on fire’

A St. Louis-based real estate investment firm acquired a large office property northeast of downtown Ann Arbor. Integris Ventures bought the 198,624-square-foot Earhart Corporate Center from a public real estate investment trust in mid-May, according to a news release. The purchase price and identity of the REIT were not disclosed. The 2006-built building is on […]

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US Signal starts construction on new data center

US Signal Co. LLC began construction this week on a new data center in Van Buren Township, between Detroit and Ann Arbor. Work on the 100,000-square-foot data center, US Signal’s fourth in Michigan and eighth in the Midwest, began after the planning commission for Van Buren Township approved plans for the project. The Grand Rapids-based company […]

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Transtar Autobody Technologies to break ground on $1 million training, color development center

Transtar Autobody Technologies Inc., which supplies paint, primers and specialty coatings to the aftermarket industry, is expanding its headquarters and manufacturing plant in Brighton with the construction of a $1 million training and color coating development center. The 6,000-square-foot center is set to be built to the north of the current property, said Chris Hoeh, […]

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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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City considers new plan for former Southwyck Shopping Center site

After five years of trying, the city of Toledo has given up on the idea that the former Southwyck Shopping Center site on Reynolds Road might one day return to being a retail mecca. The Toledo Plan Commission on Thursday will consider a request by the city to change the zoning of the 58.5 acre site — […]

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Downtown welcomes new Hotel District

Grand Rapids leaders have carved out 3 square blocks downtown as the designated Hotel District. AHC+Hospitality has established the district as a collaborative between hoteliers, restaurants and local businesses, with endorsements by Grand Rapids Mayor Rosalynn Bliss and Experience Grand Rapids, Kent County’s tourism marketing arm. The Hotel District is bounded by I-196 and Fulton […]

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Spectrum Health consolidating 26 leases into new facility

Spectrum Health is planning to discontinue 26 leases and consolidate multiple departments into a new facility.  The Grand-Rapids-based health system plans to build a Center for Transformation and Innovation on the property it owns in Grand Rapids southwest of the Cornerstone University campus, at Leffingwell Avenue NE and Bradford Street NE, according to a statement […]

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Whole Foods sign goes up over Secor Road building

It has a lease, and now Whole Foods has a sign adorning the 30,000-square-foot anchor building in the Secor Square shopping plaza at 3436 Secor Rd. Workers attached a “Whole Foods Market” sign on Tuesday to the building, suggesting an opening for the long-awaited store might occur in the next month or two. The company — a […]

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Webasto Moving Headquarters to Auburn Hills from Rochester Hills

Automotive supplier Webasto Roof Systems is moving its North American headquarters from Rochester Hills to an existing building at 2500 Executive Blvd. in Auburn Hills. Timing for the move was not announced. Webasto is investing $40 million in the move and utilizing a $350,000 Michigan Business Development Program performance-based grant from the Michigan Economic Development […]

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Team Schostak Family Restaurants acquires 56 Wendy’s restaurants in Michigan

Livonia-based Team Schostak Family Restaurants has acquired 56 Wendy’s restaurants in Michigan. With the addition, family-owned Team Schostak now owns and operates more than 160 restaurants throughout Michigan. “As our team actively sought opportunities to grow TSFR’s restaurant business, this unique opportunity came up in our home state to purchase these Wendy’s and the acquisition […]

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Corporate Eagle Opens New and Larger Headquarters and Bay Hangers in June

Corporate Eagle, a provider of membership-based fractional and managed business aviation programs at Oakland County International Airport in Waterford Township, will open its new headquarters on June 4 following a year of construction. The new facility includes two, side-by-side, 29,000-square-foot hanger bays, along with 9,400 square feet of office space and 8,600 square feet of […]

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Mixed forecast in redevelopment of high-profile properties in Macomb County

From industrial firms to retailers and from land owners to community planners, the mantra of real estate agents applies.  Location, location, location. With mixed results, some of Macomb County’s largest parcels appear destined for redevelopment. A few remain vacant with no immediate plan, while announcements and groundbreakings are on the horizon at others. Projects could […]

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Madonna University breaks ground on $9 million welcome center in Livonia

Madonna University has broken ground on a $9 million welcome center for its Livonia campus. Once finished, the 28,000-square-foot center will serve as a hub for recruiting students and celebrating the history of the Catholic liberal arts university, according to a news release. University leadership expects the building to be complete by mid-2021. Detroit Archbishop […]

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Grand Rapids ranks among ‘most popular’ markets for millennials

Grand Rapids is a millennial magnet. Grand Rapids is the No. 2 market in terms of recent “millennial movers,” according to the “Most Popular Areas for Millennials: Where They Move and Stay,” a report by the National Association of Realtors or NAR. NAR estimates, within the last year, millennials made up 73% of movers to […]

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Port Authority approves bonds for warehouse near Toledo Express Airport

Financing for an 80,000-square-foot warehouse at the budding Express Industrial Park was approved Thursday morning by the Toledo-Lucas County Port Authority’s board of directors. The $5 million in taxable bonds from the Northwest Ohio Bond Fund will be personally guaranteed by Ed Harmon, the developer with whom the port authority has worked on both of […]

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Health care company eyes former Sisters of Notre Dame property

One of the nation’s largest providers of post-acute health care services wants to build a 40-bed rehabilitation hospital on Monroe Street at Secor Road on the former Sisters of Notre Dame property where Kroger once planned to build a new store. Encompass Health Corp. of Birmingham, Ala., plans to spend $27 million to construct the […]

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Summer resident-turned-developer has $10 million plans for downtown Spring Lake

In recent years, the West Michigan village of Spring Lake found its downtown looking like those of many small villages around the state. Buildings sat empty and in disrepair, but with a small population of 2,323, it was hard to interest developers in taking on major and expensive projects. Until recently, a state program to […]

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Mixed-use development, $3.2 million streetscape planned for Hazel Park

As Hazel Park plots to build a downtown, a proposed mixed-use development and $3.2 million streetscape plan could help move the vision forward. A mixed-use apartment building with 33 units and 14,000 square feet of retail is planned for the site of a long vacant CVS store on John R. Road — the city’s main […]

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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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Farmington Hills’ Dembs Development Constructing Facility in Novi for Sweden’s Hexagon

Dembs Development in Farmington Hills has started construction on a two-story, 88,000-square-foot Technology Center of Excellence at the Beck North Corporate Park in Novi. The facility will be used by Stockholm Sweden-based Hexagon’s Manufacturing Intelligence division and is slated for completion in the fourth quarter of 2019. The division is a global company specializing in […]

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Roseville to host developer showcase for Utica Road corridor

Roseville city officials on Wednesday will host a developer showcase to outline development opportunities along Utica Road, a move that could land a developer for a multi-million building project. Local developers, realtors, state and city officials have been invited to attend the showcase, along with a team of officials from the Michigan Economic Development Corporation. […]

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A look at 6 projects in Grand Rapids authority’s 2020 budget

Renovations at Lyon Square and Calder Plaza, street improvements on Division Avenue, and sprucing up the outdoor plaza near Van Andel Arena are among the priorities outlined in the Grand Rapids Downtown Development Authority’s 2020 budget. Tim Kelly, president and CEO of Downtown Grand Rapids Inc., the entity that oversees the DDA, provided an overview […]

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Could south Ann Arbor’s office district become a second downtown?

It’s easy to see while walking – or driving – around downtown Ann Arbor that vacant space is scarce. According to the Ann Arbor Downtown Development Authority’s (DDA) 2018 State of the Downtown report, downtown office vacancy is at 3.6%, nearly three times less than the city’s average 9% vacancy rate. With downtown nearly at […]

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GM says more investment, jobs, coming to Toledo Transmission plant

General Motors’ plans to sell its shuttered factory in Lordstown, Ohio, to a company that builds electric trucks also include investing big bucks in several other Ohio cities, including Toledo. President Trump announced the deal with a company named Workhorse on Twitter on Wednesday morning. He also wrote that GM plans to spend $700 million at three locations […]

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Toledo Zoo buys land along Anthony Wayne Trail

The Toledo Zoo has purchased a portion of the once heavily contaminated former Jennison Wright property along the Anthony Wayne Trail. The 8.95-acre parcel, previously owned by Ron Gorney as trustee, is part of the larger South Toledo site where the company once processed coal to produce asphalt pavement sealer — the product known locally […]

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Lakeside Mall’s future is pondered, but Macomb’s M-59 corridor is still retail gold

Some have had plenty of fun at the expense of Macomb County’s newest art installation in the Hall Road/M-59 median, an orange, 35-foot-tall ring recently dubbed The Halo. But the 10.5-mile road’s retail scene is no laughing matter. In fact, it’s one of the most active in the region, catering to hundreds of thousands of […]

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German auto supplier to open plant employing 400 in Plymouth Twp.

A German auto supplier is expanding its operations in Michigan with a new manufacturing facility in Plymouth Township. The Michigan Economic Development Corp.’s governing body approved Tuesday a $2.7 million performance-based grant to Webasto Roof Systems Inc., a subsidiary of the Webasto Group, a sunroof, convertible top and heating systems manufacturer. The company plans to invest nearly $48 million […]

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Plans for $50 million luxury apartment building, “The Bond”, moving forward in Novi

The development agreement for a $50 million luxury apartment building being proposed in Novi has been approved. Recently, Novi City Council unanimously approved that agreement, which outlines the long-planned development called “The Bond.” The development will include two, four-story apartment buildings in addition to a single story commercial building, a two-story parking structure and other […]

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Birmingham’s massive Bates Street development project hinges on public approval

he Birmingham City Commission approved on Monday night a development agreement with Woodward Bates Partners for one of the largest projects ever proposed in the city, but with conditions. The project, which involves public and private components including demolition and reconstruction of a North Woodward parking structure, extension of Bates Street, a public plaza, and multiple […]

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Kensington Church looks to build Bloomfield campus at Detroit Country Day site

Kensington Church is looking to build another massive campus in metro Detroit after entering a $3 million contract to take over property from Detroit Country Day. The Troy-based nondenominational church is under contract to purchase the private school’s Bloomfield Village Campus at Lahser and Maple roads, said Melissa Thwing, spokeswoman for Kensington Church. The school […]

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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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Panera to close downtown Birmingham location, open first spot in Royal Oak

Panera Bread Co. is planning to pack it up in downtown Birmingham and move to a new location in Royal Oak. The bakery-cafe will close its 100 N. Old Woodward Ave. shop “sometime in June or July” and move to the new Woodward Corners development at 13 Mile Road and Woodward Avenue headed by Beaumont […]

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Beaumont to build outpatient surgery center across from Royal Oak hospital campus

Beaumont Health plans to build a 90,000-square-foot multispecialty ambulatory care surgery center across from its Royal Oak campus with an unnamed developer and offer investment shares to surgeons. The plans are a shift from its previous plan, which was to build a single-specialty orthopedic surgery center and musculoskeletal center with Michigan Orthopaedic Surgeons PLLC, a […]

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Jaguar Land Rover plans move to Novi from Farmington Hills, with huge new facility

Jaguar Land Rover, on the prowl to expand its territory, will relocate from Farmington Hills to Novi, building an entirely new dealership. The Novi City Council unanimously approved on April 1 applicant Erhard Motor Sales’ preliminary site plan and special development option, which calls for construction of a 58,663-square-foot facility on 9.5 acres of vacant […]

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Why Michigan is the center of the ‘pickleverse’

Michigan harvested nearly 35,000 acres of pickling cucumbers in 2018 — more than any other state The state’s well-drained, sandy soils and temperate climate are conducive to cucumber growing Pickle industry emerged before WWI and now counts Heinz, Hausbeck, Vlasic and Topor’s among its giants   Long before Michigan became the automotive capital of America, […]

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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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First Parcel of Detroit House of Corrections in Plymouth Township Sold, Will be Developed into a Technology Business Park

The first parcel, an eight-acre plot, of the former Detroit House of Corrections in Plymouth Township has been sold, according to the Michigan Land Bank Fast Track Authority. “The sale of this property is yet another step forward in ensuring this once dilapidated property is put back into productive use for the Plymouth community,” says […]

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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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Northville Downs residential redevelopment to cost $200 million

The future redevelopment of the Northville Downs racetrack is anticipated to cost $200 million. Randy Wertheimer, president and CEO of Farmington Hills-based residential developer Hunter Pasteur Homes, said construction on the 13-acre underdeveloped northern portion of the property should begin in the first quarter next year. Plans call for 300 apartments and 19,000 square feet […]

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New life ahead for Kahn-designed former Ford mills in Wayne County

Three historic industrial mills in Wayne County are slated for redevelopment, with one already the target of a $2.5 million plan to turn it into a restaurant/banquet facility. The Hines Park Mill Run Placemaking Project, which is part of a broader effort to improve and connect parks in Wayne County with about $5.5 million in […]

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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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Retail magnet: Birmingham to use data to pull in national, regional stores

Birmingham — home to a 96 percent retail occupancy rate and 60 salons — has hired a new consultant to target specific regional and national retailers to help create the right downtown mix. And luring more restaurants isn’t a priority. The city’s Birmingham Shopping District employed Bloomfield Township-based CC Consulting starting March 7 to recruit […]

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Michigan Ranks 9th in Nation for Economic Development Projects

Michigan ranks ninth among the top 10 states with the most economic development projects according to Site Selection magazine’s 2018 Governor’s Cup rankings, moving up two places from last year’s list. The magazine covers economic planning and expansion nationwide. “There is no doubt that Michigan is a home for economic opportunity, and these rankings are a testament […]

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Kroger to build marketplace on site of former Kmart in Sterling Heights

A Kroger Marketplace store is set to set up shop at the site of a now-closed Kmart building in Sterling Heights. There are a few permit and utility pieces that are still in motion, but demolition is ready to begin sometime this week, Rachel Hurst, corporate affairs manager at Kroger, said in an email. The […]

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Truck lighting supplier to move HQ to Southfield

A truck lighting supplier is moving its headquarters from southwest New York to Southfield, state officials said this week. Truck-Lite Co. LLC plans to invest $4 million into a new building in the Oakland County community and create 95 jobs after moving from Falconer, New York. The company cited proximity to supply chains and qualified workers […]

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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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Campbell sells Ferndale-based Garden Fresh Gourmet salsa brand

Campbell Soup Co. is cutting loose Garden Fresh Gourmet, the Ferndale-based dip and chips maker. The salsa maker is a part of the Campbell Fresh division, from which the Camden, New Jersey-based canned soup company is divesting along with its Campbell International businesses to narrow its focus and decrease debt, the company said. Campbell is selling […]

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Royal Oak-based RPM Freight Systems to invest $4.9 million, create 500 jobs

Royal Oak-based RPM Freight Systems, LLC will use a $3.75 million state grant to expand the vehicle logistics company by expediting job creation. The grant, approved Tuesday by the Michigan Strategic Fund board, a unit of the Michigan Economic Development Corp., will help create 500 jobs over the next five years. The company’s long-term growth […]

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GM’s Romulus plant to get $20 million upgrade

General Motors Co.’s engine plant in Romulus is the latest to get a multi-million-dollar cash injection. The automaker said Tuesday it would spend $20 million at its GM Propulsion plant on Ecorse Road to buy new machines to increase production of 10-speed transmissions. It comes a day after GM Chairman and CEO Mary Barra stopped at the company’s […]

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The state of the metro Detroit shopping mall

High-end malls like some in Oakland County are expected to continue to perform well far into the future in spite of a changing mall landscape in the state’s wealthiest county, and across the state and country. In fact, contrary to the popular notion that brick and mortar retail is dying a slow death at the […]

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$224 million, 8.5-mile overhaul of I-75 in Oakland County to start next month

Construction on I-75 in Oakland County is set to ramp up again next month with an 8.5-mile overhaul as well as the state’s first carpool lane and two more interchange projects. Segment two of the nearly $2 billion I-75 Modernization Project will include redoing the freeway from Coolidge Highway to 13 Mile Road. The Michigan […]

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Developer of St. Clair Inn snaps up 2 more historic St. Clair County buildings

The California real estate development firm that will finish its $40 million renovation of the historic and iconic St. Clair Inn in St. Clair this summer has been smitten with more of the county’s history. In September, Sherman Oaks, Calif.-based J.D. Market Acquisitions, a real estate broker, developer and property manager that owns or operates […]

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Major development would transform Erwin Orchards property in Lyon Township

Proposals have been shot down over the years but Howard Fingeroot said his plan is something different. Fingeroot, a Oakland County-based developer, will be pitching his mixed-use development proposal to the Lyon Township Planning Commission on Wednesday night. The proposed development, called Cider Mill Village, would transform the nearly century old Erwin Orchards property in […]

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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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Macomb County Tops Country for Manufacturing Job Growth

The U.S. Department of Labor Bureau of Labor Statistics recently reported that Macomb County is the top county in the nation for the creation of new manufacturing jobs. The county saw an increase of 9,118 manufacturing jobs between the fourth quarter of 2016 and the second quarter of 2018. Macomb County is followed by Alameda County, […]

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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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$40M mixed-use development in Ann Arbor to break ground in 2019

A $40-million redevelopment of a vacant site near the University of Michigan medical campus and downtown Ann Arbor is expected to break ground in 2019. It’s been more than a year since the City Council voted unanimously in December 2017 to approve a site plan for the nine-story project known as The Glen, a hotel with ground-floor […]

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Florida developer seeks $107.5 million payday for City Center property in Troy

The Orlando-based developer of the Troy City Center project is trying to sell the property for $107.5 million. Unicorp National Developments Inc. is marketing the recently renovated 1979 office property plus its new parking deck and retail space at West Big Beaver and Crooks roads through Southfield-based The Jonna Group, a division of Marcus & Millichap Real […]

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FCA division will invest $12.6M, create 106 jobs in Oakland County

Fiat Chrysler Automobiles’ Magneti Marelli components business plans to invest $12.6 million and create 106 new jobs in Oakland County. As a result of the planned investment, the Michigan Strategic Fund board approved an almost $1.6-million Michigan Business Development Program grant this week for the company. “The company is hiring new employees, constructing new labs […]

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Former Sweet Lorraine’s building sold in Southfield

The building that for decades housed the flagship Sweet Lorraine’s Cafe & Bar on Greenfield Road in Southfield has been sold, according to Crain’s Detroit Business. The distinctive building at 29101 Greenfield, along the border of Southfield and Berkley, has been bought by Abro Plaza Southfield LLC., Crain’s reported. The company also purchased a shopping center next door with a […]

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Ferndale’s busiest parking lot to close for mixed-use development

The busiest parking lot in Ferndale is scheduled to close at the end of January for a 12- to 15-month construction project transforming it into a five-story, mixed-use development with nearly triple the parking spaces. “It’s a lot more than just a parking structure,” said Barry Hicks, executive director of Ferndale’s Downtown Development Authority. “This is years […]

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Warren plans $170M mixed-use project as first step toward a downtown

Warren Mayor Jim Fouts has long talked about creating a walkable downtown for the city. This week, he unveiled plans for a $170 million mixed-use development project that he says is the first step toward realizing that dream. The proposed Warren Town Center would be built through a public-private partnership that will include the city, […]

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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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