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Here’s what to know about seven downtown Toledo redevelopment projects

Posted By: The Toledo Blade on September 7, 2022.  For more information, please click here to read the source article.   Toledo leaders say they hope redeveloping two of downtown’s largest and oldest buildings, the Spitzer and Nicholas, will spur additional investment in the area. Much of downtown could use such a jolt: Despite the revitalization of the […]

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

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

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Dana Thermal Products Announces $44 Million Investment In Auburn Hills

Posted By: Inside Auburn Hills on August25, 2022.  For more information, please click here to read the source article. Signature Associates’ Greg Hudas and Joe Hamway are proud to have been a part of this deal.   Dana Thermal Products, a subsidiary of Dana Incorporated, a global leader in thermal management technologies for the mobility industry, has announced […]

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Report: commercial real estate shows resiliency

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

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Oakland County municipalities seeing big economic benefits from marijuana sales

Posted By: The Oakland Press on July 11, 2022.  For more information, please click here to read the source article.   For some Oakland County communities, the economic windfall promised when recreational marijuana was legalized statewide is coming true. State data shows that some are seeing big returns and officials say the investments are paying off. Take Hazel Park. […]

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Unique programming supports local entrepreneurial spirit

Most entrepreneurs need some sort of jump start to get a business off the ground. That is the purpose of JumpStart, a nonprofit venture development organization that provides technical services and capital to Toledo-area Black, Latino, Hispanic and women-owned small businesses, said Vicki McDonald, JumpStart communications manager. “It is intended to help small businesses gain […]

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Felch Street Shopping Center in Holland Twp. sold for $21M

A privately held real estate company in Georgia recently purchased Felch Street Shopping Center in Holland Charter Township for $21 million. The 166,100-square-foot shopping center is fully leased to national and regional retailers including Barnes & Noble, Bed Bath and Beyond, Jo-Ann Fabrics, Jonathan Stevens Mattress, Party City, PetSmart, Shoe Carnival, T.J.Maxx and Ulta Beauty. […]

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Signature Associates Sells Large Industrial Building Along I-75 in Auburn Hills

Signature Associates in Southfield has announced the sale of a large industrial building located at 3600 Giddings Road in Auburn Hills to a partnership between Foundation Capital Partners and Wheelock Street Capital. Terms of the deal were not disclosed. Joe Hamway and Greg Hudas of Signature Associates represented the partnership in the purchase of the […]

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SIGNATURE ASSOCIATES SELLS TROPHY INDUSTRIAL BUILDING IN AUBURN HILLS, MICHIGAN

Signature Associates is pleased to announce the sale of the 443,340 square foot industrial building located at 3600 Giddings Road in Auburn Hills to a partnership between Foundation Capital Partners, LLC and Wheelock Street Capital, LLC. Joe Hamway and Greg Hudas of Signature Associates represented the partnership in the purchase of the building and are […]

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MDOT wants to transform Detroit’s ‘cramped’ Amtrak station into $57M hub with retail, more

Rail passengers traveling into and out of Detroit via Amtrak could see a new train station rise in the city’s New Center area in coming years. The Biden administration has announced a $10 million grant — money not connected to the recently passed $1.2 trillion infrastructure bill — to help fund the Michigan Department of Transportation’s longtime goal […]

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Lansing City Council endorses tax breaks for GM battery plant

Lansing City Council on Monday moved forward with supporting a $2.5 billion investment from General Motors Co. for a battery cell manufacturing plant near its Delta Township assembly plant. Council approved a resolution recommending the formation of a renaissance zone for the development in an application to the Michigan Strategic Fund. Granting a renaissance zone exempts persons and property […]

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Key retail property across from Oakland Mall sells for $34 million

Amid a global pandemic that has shaken the brick-and-mortar retail industry even more, a Baltimore buyer is betting $34 million on the success of a key property across from Oakland Mall in Troy. Continental Realty Corp., a private equity fund, has purchased Oakland Center and Oakland Square at 14 Mile and John R roads totaling some 392,000 […]

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Shovel-ready state? Push on for site-prep money after Ford plants head south

Gov. Gretchen Whitmer’s administration, economic developers and industry groups are pushing for the creation of a $100 million fund for industrial development on large tracts of land after Tennessee and Kentucky landed $11.4 billion in investments from Ford Motor Co. and a battery maker. The $100 million would give the Michigan Economic Development Corp. a pot of money to […]

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Wisconsin manufacturer bringing new plant, jobs to Hazel Park instead of Romulus

Signature Asssociates was proud to be a part of this transaction. Wisconsin-based Mayville Engineering Co. has changed the location of a previously announced plant to Hazel Park, where it plans to invest up to $45 million and hire 390 employees. The contract manufacturer previously said it would invest $51.5 million to set up in a former A123 […]

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Auto supplier in Williams Co. to invest $4.5 million, create 104 new jobs

Matsu Ohio, a parts supplier that makes seat panels, door panels, and a variety of other metal products for the auto industry, will make a $4.5 million investment to expand its Williams County operations, adding 104 new jobs. The company said its investment in new machinery and equipment will help it take on more business […]

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BEST PRACTICES WHEN PREPARING YOUR BUILDING FOR SALE OR LEASE

By: John Boyd It has been my experience that putting your building in the best possible condition will enhance its marketability, shorten time on the market, limit carrying costs and maximize cash flow. In my 40+ years of experience working in commercial real estate, I have learned many tips and tricks for how to best […]

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Site Selection Magazine ranks Toledo first in new business investment

Site Selection Magazine ranks Toledo first in new business investment

Site Selection Magazine has named Toledo No. 1 for new business investment among metropolitan areas with populations between 200,000 and 1 million, a ranking Mayor Wade Kapszukiewicz said the city has never before secured. Toledo tied with Savannah, Ga., for the top spot in the magazine’s Governor’s Cup 2020 awards. The mayor announced the economic […]

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Why Institutional Investors are Gravitating Towards the Detroit Market

By: Luke Timmis   The industrial sector in the United States is having its golden hour, or maybe it is more accurate to say a golden decade. America’s reliance on speedy distribution channels, pushed even further due to the “Amazon Effect”, has permeated all aspects of the industrial sector. The demand for mission-critical real estate […]

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Harbor Steel investing $2.4M in Holland facility expansion

Harbor Steel investing $2.4M in Holland facility expansion

A metal services company is investing over $2.4 million to expand its facility in Holland Charter Township. Harbor Steel & Supply Corporation, a metal services company with four West Michigan locations and operations in West Virginia and Kentucky, is investing $2,466,444 to expand its facility at 2385 112th Ave in Holland Charter Township, according to […]

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GM to Invest $75M in Toledo Transmission Plant

GM to Invest $75M in Toledo Transmission Plant

Detroit-based General Motors Co. has announced it will invest $75 million in its Toledo transmission manufacturing plant. Work on the upgrades is now underway. The investment will increase the plant’s capacity to build 10-speed automatic transmissions that are used in GM’s full-size truck products including the Chevrolet Silverado and GMC Sierra. “Through this investment, we […]

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Libbey to invest $30 million in Toledo operations

Libbey to invest $30 million in Toledo operations

Libbey Glass LLC has announced it will maintain its Toledo operations, add a stemware line, and remain headquartered in the city. With the assistance from JobsOhio, the company plans to invest nearly $30 million over the next four years for those purposes, according to a business announcement released Monday by the Regional Growth Partnership. “We […]

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Anonymous company considers lot purchase in Triad Business Park

Anonymous company considers lot purchase in Triad Business Park

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

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International Packaging Company Coming To Northwest Ohio

International Packaging Company Coming To Northwest Ohio

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

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HopCat restaurants emerge from bankruptcy, sold to new owner

HopCat restaurants emerge from bankruptcy, sold to new owner

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

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

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

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

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General Motors investing $71 million in northwest Ohio plants

General Motors investing $71 million in northwest Ohio plants

General Motors announced plans Monday to invest $71 million into a pair of northwest Ohio manufacturing plants to retain jobs, while also paying back millions in tax credits for jobs it failed to keep elsewhere in the state. The Toledo GM Powertrain plant will receive $39 million to upgrade and enhance the production of the […]

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Simon Property Group Seeks to Terminate Acquisition of Taubman Centers Inc. in Bloomfield Hills

Simon Property Group Seeks to Terminate Acquisition of Taubman Centers Inc. in Bloomfield Hills

Simon Property Group Inc., one of the nation’s largest retail center owners, today announced it exercised its contractual rights in an attempt to terminate its Feb. 9, 2020 planned merger agreement with Taubman Centers Inc. in Bloomfield Hills. Simon also filed an action today in the Circuit Court for the 6th Judicial Circuit of Oakland County […]

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

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

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

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

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

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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GM’s Detroit-Hamtramck Assembly to Become First Plant Dedicated to Electric Vehicles Through $2.2B Investment

GM’s Detroit-Hamtramck Assembly to Become First Plant Dedicated to Electric Vehicles Through $2.2B Investment

General Motors Co. in Detroit today announced a $2.2 billion investment in its Detroit-Hamtramck assembly plant to produce all-electric trucks and SUVs. The plant will be the company’s first fully dedicated electric vehicle assembly plant. Renovations are expected to begin at the end of February. GM’s first all-electric truck will be a pickup with production […]

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New report aims to map investment in Washtenaw County, increase investment in undercapitalized areas

New report aims to map investment in Washtenaw County, increase investment in undercapitalized areas

A group of community partners is launching a new initiative to map investment activity across Washtenaw County with the goal of building a more inclusive economy for all residents. The 2020 Washtenaw County Capital Report is being spearheaded by Ypsilanti-based investment advisory firm Revalue and the Ann Arbor Area Community Foundation (AAACF). They have also […]

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Opportunity Zone investments start to gain foothold

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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Auto supplier Faurecia planning to create 500 jobs in Highland Park

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

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

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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