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Three Grand Rapids area companies plan $70M investment, 134 new jobs

Posted By: mlive on April 1, 2024.  For more information, please click here to read the source article. Three Grand Rapids area companies — representing the medical device, dairy processing and adhesive vinyl film industries — are expanding, and plan to add 134 new jobs and $70 million in capital investment. The expansions were announced by regional economic […]

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Industrial strength: Encouraging fundamentals could spark an increase in industrial real estate investment activity in 2024

Industrial strength: Encouraging fundamentals could spark an increase in industrial real estate investment activity in 2024

Posted By: REJournals on April 4, 2024.  For more information, please click here to read the source article. The industrial real estate sector has consistently been one of the top-performing real estate sectors over the past few years, however, the confluence of economic challenges, persistent marketplace fluctuations, and uncertainties experienced in 2023 led to a slowdown in industrial investment. […]

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2 NW Ohio projects are among 11 statewide receiving state tax credits

Posted By: The Toledo Blade on April 1, 2024.  For more information, please click here to read the source article. Two northwest Ohio projects are among 11 that have been approved statewide for economic assistance from the Ohio Tax Credit Authority in hopes of creating more jobs. Vehtek Systems Inc. expects to create 120 full-time jobs in Bowling Green […]

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Diocese declines to sell Sacred Heart Church to developer

Posted By: The Toledo Blade on February 18, 2024.  For more information, please click here to read the source article. From church bells to wedding bells — that was CJ Estel’s vision for Sacred Heart Church in East Toledo. Through community partners and investors, he had hoped to repair and transform the former Catholic church into a wedding […]

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Wood County leaders relieved First Solar buys vacant building

Posted By: The Toledo Blade on January 18, 2024.  For more information, please click here to read the source article. Wood County leaders said Thursday they were relieved that a reliable local company had purchased the massive former Peloton building and surrounding land. First Solar Inc. — headquartered in Arizona but with much of its domestic panel manufacturing, […]

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2024 set to be a significant year for economic development in Toledo

Posted By: WTOL11 on January 3, 2024.  For more information, please click here to read the source article. WTOL 11 has learned that 2024 could be a significant year for development in Toledo. City leaders said there is currently more than $1 billion of investment property primed for projects this year. Wanting to highlight these various projects, WTOL […]

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Developers pour new energy into Vistula District

Posted By: Toledo Blade on November 12 2023.  For more information, please click here to read the source article.   A new food market slated to open on North Summit Street is the capstone to recent development in the Vistula District. Amid a soft opening of Golden Hind Wine Bar and Pastries, and a third mural completed in […]

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Landmark real estate deal reaches conclusion

Posted By: The Blade on October 14, 2023.  For more information, please click here to read the source article. Decades after the city of Toledo tried to attract investment for a new Jeep plant by buying parcels of land south of the Ohio Turnpike to Fallen Timbers, the property has been developed, rezoned, and sold to invested businesses. […]

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Multi-million dollar investment in Vistula Historic District

Posted By: 13 Action News | WTVG on October 5, 2023.  For more information, please click here to read the source article. Major progress is being made on a multi-million dollar investment in Toledo’s Vistula neighborhood. The $17 million Ostrich Towne Project is helping change the landscape of the Vistula Historic District. The oldest neighborhood in the city […]

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Resilience, hope and a bright future in the Motor City: They were the focus during Detroit Industrial Summit

Posted By: REjournals on September 22, 2023.  For more information, please click here to read the source article. Sure, Detroit’s industrial market has faced the pressure of high interest rates and increasing construction costs. And while industrial sales might have slowed, leasing activity remains robust in this sector, something that was evident during the Detroit Industrial Summit held […]

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Company commits to largest hydrogen storage plant in North America in Genesee County

Posted By: mlive on August 28, 2023.  For more information, please click here to read the source article. Plastics Omnium has confirmed it’s chosen Grand Blanc Township to build the largest hydrogen storage manufacturing plant in North America. The company announced on Monday, Aug. 28, that it will design, develop and produce high-pressure hydrogen storage systems for medium […]

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Toledo delays action to fund proposed shopping plaza renovation project

Posted By: Toledo Blade on July 2, 2023.  For more information, please click here to read the source article. Toledo postponed acting on a request that would help to fund a $5 million capital improvement project being proposed for the tired and largely vacant Swayne Field Plaza. Toledo City Council was asked to approve a request to underwrite […]

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What’s the future of the Jefferson Center and UpTown after Bitwise’s collapse?

Posted By: Toledo Blade on June 11, 2023.  For more information, please click here to read the source article. Almost two weeks after Bitwise laid off its entire work force, including about 15 employees in Toledo, it remains unclear what will become of its historic UpTown building, which recently underwent a $38 million overhaul. ProMedica, which had partnered with the Fresno, Calif.-based […]

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Taylor purchases former Dana credit campus, 2 other properties

Posted By: Toledo Blade on June 8, 2023.  For more information, please click here to read the source article. Taylor Automotive Family on Thursday announced the purchase of three properties in the Toledo area, including the former world headquarters of Dana Commercial Credit and ProMedica at 1801 Richards Rd. in Toledo. The Richards Road campus totals more than […]

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Work begins on $156M Ford airport rental car building

Posted By: woodtv.com on May 31, 2023.  For more information, please click here to read the source article. A new multi-million dollar expansion project is now underway at Gerald R. Ford International Airport. The $156 million rental car facility is the latest building to be added as significant investment continues to expand capacity and improve amenities. The design […]

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Tech firm plans 73 jobs, $4.8M investment in Grand Rapids

Posted By: mlive on May 20, 2023.  For more information, please click here to read the source article. A Grand Rapids-based tech firm, whose online app is designed to help stockholders claim company gifts and perks, has received a $510,000 state grant if it creates up to 73 jobs over the next three years.  TiiCKER, which has offices […]

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Detroit’s Crestlight Capital Acquires 4 Class A Buildings in Metro Detroit

Posted By: DBUSINESS on March 14, 2023.  For more information, please click here to read the source article.   Crestlight Capital, a Detroit-headquartered real estate investment firm, in partnership with Sabal Investment Holdings, an investment management firm based in Irvine, California, serving institutional investors across the U.S., has announced its acquisition of four Class A warehouse industrial buildings […]

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GM to invest close to $1B in 4 US factories, 2 in Michigan

Posted By: Detroit Free Press on January 20, 2023.  For more information, please click here to read the source article. General Motors is investing $918 million in four U.S. plants for expanded V-8 engine production in light-duty full-size pickups and large SUVs as well as component parts for electric vehicles. GM made the announcement Friday at Flint Engine […]

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Cepton in Troy Closes on $100M Investment from Japan’s Koito Manufacturing

Posted By: DBUSINESS on January 23, 2023.  For more information, please click here to read the source article. Cepton Inc., a Silicon Valley provider of high performance lidar solutions with a Center of Excellence in Troy, has completed its previously announced $100 million investment from its long-term automotive Tier 1 partner and current shareholder Koito Manufacturing Co. Ltd. […]

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Buell Motorcycle plans $6M round to invest in new products, add team members

Posted By: MiBiz on December 9, 2022.  For more information, please click here to read the source article.   The group behind the revival of high-performance brand Buell Motorcycle Co. continues to build out its team, add sales infrastructure and invest in new product engineering and development in West Michigan. CEO Bill Melvin, who led an effort to secure […]

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Church & Dwight to Invest $50 Million in Northwest Ohio

Posted By:  Regional Growth Partnership, Northwest Ohio.  For more information, please click here to read the source article.   Church & Dwight Co., Inc., has announced that it intends to move forward with an expansion project at its facility in the village of Old Fort, Ohio, involving at least $50 million in new investment and the creation of […]

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MEDC Approves $116M for Development Projects Across Michigan

Posted By: DBUSINESS on November 10, 2022.  For more information, please click here to read the source article.   The Michigan Economic Development Corp. in Lansing approved three major development projects in Flint, Lansing, and Parma representing a total capital investment of $116.5 million from the Michigan Strategic Fund. In Flint, funds will be used for the redevelopment […]

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Ford sells Dearborn office building to developer eyeing mixed-use plans

Posted By: The Detroit News on November 4, 2022.  For more information, please click here to read the source article.   Ford Motor Co. this week sold its Regent Court office building in Dearborn to a local real-estate developer who is planning a mixed-use redevelopment of the property. Mike Shehadi, CEO of Farmington Hills-based pharmacy company PharmaScript, confirmed […]

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Perdue Farms to invest $27M to open West Michigan facility, add 99 jobs

Posted By: mlive on November 7, 2022.  For more information, please click here to read the source article.   The pet treat division of Maryland-based Perdue Farms plans to open a production facility in Oceana County and begin operations there in October 2023. The family-owned food and agriculture company purchased a building at 168 Lincoln St. in Shelby […]

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SIGNATURE ASSOCIATES SELLS MULTI-TENANT INVESTMENT PORTFOLIO IN AIRPORT MARKET

TAYLOR, MI — September 29, 2022 — Signature Associates is pleased to announce the sale of the 451,894  square foot / 29 acre two-property portfolio located at 21000-21010 and 21100-21150 Trolley Industrial Drive in Taylor, Michigan. The multi-tenant industrial properties are fully leased by eight tenants in diversified industries. Steve Gordon, Luke Timmis and Griffin […]

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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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