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When experts expect to see demand return for office space in southeast Michigan

When experts expect to see demand return for office space in southeast Michigan

Demand for office space in Metro Detroit is weakening as the coronavirus pandemic persists, but experts predict southeast Michigan could recover sooner than other parts of the country. Metro Detroit’s office market was largely inactive during the third quarter amid the pandemic, according to real estate firm Savills, which maintains an office in Detroit. The […]

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SIGNATURE SELLS 40,000 SQUARE FEET OF INDUSTRIAL SPACE IN LIVONIA, MICHIGAN

SOUTHFIELD, MICHIGAN—September 19, 2019— Signature Associates has negotiated the sale of 40,000 square feet of industrial space located at 33200 Capitol Street, Livonia, Michigan.   Steve Gordon, Chris Calvano, Jason Kelmigian, and Alex Timmis of Signature Associates represented both the seller, CNC Controls, and the purchaser, SVJB Ltd. The purchaser has 16 locations across the […]

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

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

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

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

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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