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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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