
Space Constraints
Posted By: DBUSINESS on May 18, 2023. For more information, please click here to read the source article. Fifty years ago, downtown Detroit staked its economic revitalization to the Renaissance Center. It was a stretch project if ever there was one — a $357-million Hail Mary that Henry Ford II, then chairman and CEO of Ford Motor Co., […]
Read more...

Office landlords squeezed by falling occupancy rates, refinancing difficulties. Here’s why
Posted By: The Detroit News on May 25, 2023. For more information, please click here to read the source article. The failure of several large lenders earlier this year and the banking turmoil that followed have fueled worries for owners of office space such as Boston Properties and Vornado Realty Trust. The sharp runup in interest rates by the Federal […]
Read more...

JPMorgan Chase’s Al Brooks Gives His 2023 Midyear CRE Outlook
Posted By: Commercial Observer on May 1, 2023. For more information, please click here to read the source article. Economic uncertainty remains high for commercial real estate through the rest of 2023. There are plenty of big questions, including the interest rate environment and the future of office space. But there are also positives: Multifamily and industrial […]
Read more...

Office Utilization Surges As Spring Emerges
Posted By: BISNOW on April 26, 2023. For more information, please click here to read the source article. Office space utilization spiked recently, according to separate metrics that track it, published by VTS and Kastle. Demand for office space nationwide rose 31.3% from February to March, according to the latest VTS Office Demand Index. The index, which ranks […]
Read more...

Property Management’s Role in the Development of New Office Spaces
Posted By: Commercial Property Executive on March 15, 2023. For more information, please click here to read the source article. From amenity spaces to the carbon footprint, property managers play a central role in the design of commercial offices. Traditionally, the design and development of commercial office spaces has been the task of architects, engineers and urban planners. […]
Read more...

Today’s Most-Desired Office Amenities
Posted By: Commercial Property Executive on April 24, 2023. For more information, please click here to read the source article. A new survey by design firm SGA highlights both traditional and emerging preferences. The top amenities currently in demand by office users are a mix of both continuing and emerging trends, including coffee shops, air-purification systems, access to outdoor […]
Read more...

Large housing, retail project would transform aging, industrial stretch of Grand Rapids
Posted By: mlive on April 11, 2023. For more information, please click here to read the source article. Several dilapidated, largely vacant warehouses along the 600 block of Godfrey Avenue SW would be transformed into a 475-unit housing development with office, retail and event space, and a food hall under a proposal from three metro Detroit developers. The […]
Read more...

SIGNATURE ASSOCIATES CELEBRATES A SUCCESSFUL 2022!
Signature held its Annual Sales Awards celebration at our Southfield headquarters Wednesday morning. It was an extra special morning filled with Signature team spirit, camaraderie and an amazing breakfast prepared on-site by Andiamo. As the awards were presented, each winner spoke about the importance of the Signature family environment, the unwavering support and dedication of […]
Read more...

ASPINA America Moves into Burroughs Building in Plymouth Township
Posted By: DBUSINESS on February 23, 2023. For more information, please click here to read the source article. ASPINA America, a California-based technology and software company, has relocated its metro Detroit area office of nearly 20 years in Farmington Hills to the Albert Kahn-designed Burroughs Building in Plymouth Township. The office is located on the main floor […]
Read more...

‘Positive trajectory’: Office return builds hope for downtown Detroit businesses
Posted By: The Detroit News on January 24, 2023. For more information, please click here to read the source article. With businesses starting to encourage or require in-office work, downtown is expected to be its busiest this year since the pandemic sent office workers home in March 2020. Next week, thousands of General Motors Co. employees will descend […]
Read more...

Land bank picks Cincinnati developer to overhaul two Toledo ‘skyscrapers’
Posted By: Toledo Blade on January 11, 2023. For more information, please click here to read the source article. The Lucas County Land Bank on Wednesday chose a Cincinnati developer that it hopes will eventually transform two of downtown Toledo’s oldest and largest office buildings — the Spitzer and Nicholas — into hundreds of apartments and ground-level commercial […]
Read more...

Developers detail $1.5B District Detroit mixed-use plan
Posted By: The Detroit News on November 29, 2022. For more information, please click here to read the source article. Community members who met with developers Tuesday evening to hear about the proposed $1.5 billion joint venture between the Ilitch family organization and developer Stephen Ross had key questions about the mixed-use development plan including affordable housing, […]
Read more...

These Australian Entrepreneurs Hope Combining Offices and Storage Units Stirs US Demand
Posted By: CoStar on November 18, 2022. For more information, please click here to read the source article. Two entrepreneurs from Australia picked Austin, Texas, to open their first U.S. commercial condominium project where tenants own their office or storage space, and plans are in the works to expand the concept into multiple cities across the country […]
Read more...

Tech, not amenities, the key to bringing office workers back?
Posted By: REJournals on November 17, 2022. For more information, please click here to read the source article. What will bring workers back to the office? Many companies are banking on flashy, high-end office spaces filled with amenities such as onsite cafes, fitness centers and high-tech conference centers. But a new survey suggests that these amenities might […]
Read more...

A record-setting day at REjournals’ 8th annual Detroit Commercial Real Estate Summit
Posted By: REjournals on November 8, 2022. For more information, please click here to read the source article. Signature Associates’ Joe Hamway was proud to be a member of Detroit Market Sector panel. It was a record-breaking event. More than 200 of the top commercial real estate professionals working the Detroit market attended REjournals’ 8th annual Detroit Commercial […]
Read more...

Mercedes-Benz Financial Services Debuts New Farmington Hills HQ
Posted By: DBUSINESS on September 28, 2022. For more information, please click here to read the source article. Mercedes-Benz Financial Services USA (MBFS), which provides brand-specific financing and leasing products and insurance services, has opened its newly constructed corporate campus in Farmington Hills. The headquarters project, designed to support MBFS’ new hybrid workforce model, was completed within […]
Read more...

Huntington Bank opens 21-story building in downtown Detroit
Posted By: The Detroit News on September 21, 2022. For more information, please click here to read the source article. About 100 political leaders and community members gathered Wednesday to celebrate the opening of a new office building downtown that will house Huntington Bancshares’s commercial banking headquarters. The 21-story Huntington Tower held hundreds of bank employees and […]
Read more...

Four developers shortlisted to redevelop Toledo’s Spitzer, Nicholas buildings
Posted By: Toledo Blade on September 22, 2022. For more information, please click here to read the source article. The Lucas County Land Bank said Thursday that four developers have been formally shortlisted to redevelop the Spitzer and Nicholas buildings in downtown Toledo. Eight development teams submitted initial proposals. The four finalists will be invited to submit […]
Read more...

GR nonprofits to redevelop former industrial site with housing, offices, ‘tiny home’ community
Posted By: MiBiz on August 31, 2022. For more information, please click here to read the source article. A pair of Grand Rapids nonprofits plan to redevelop a vacant furniture manufacturing building on the city’s south side into housing and office space and also construct an onsite tiny home community. Mel Trotter Ministries and Next Step of West Michigan — […]
Read more...

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 […]
Read more...

Majorel chooses site for downtown Detroit office
Posted By: The Detroit News on August 1, 2022. For more information, please click here to read the source article. Majorel, a customer experience management company, announced Monday it has selected a location in downtown Detroit for its office space. The company’s office at 211 West Fort St., with space for up to 600 employees, is expected to open […]
Read more...

Marketing firm purchases west side GR office as in-person work returns
Posted By: MiBiz on August 8, 2022. For more information, please click here to read the source article. Marketing agency 1 Bold Step LLC has purchased a small office building on Grand Rapids’ west side as company executives gradually return to more in-person work. The Grand Rapids-based marketing firm purchased the building at 1255 Front Ave. NW for $575,000 […]
Read more...

Lockton Opens Downtown Detroit Office to Accommodate Growth
Posted By: dbusiness on July 26, 2022. For more information, please click here to read the source article. Lockton, an insurance brokerage firm headquartered in Kansas City, has announced a new office in downtown Detroit designed to increase its footprint in the city and accommodate its growing team. Set in the heart of the historic Paradise Valley […]
Read more...

Reports show commercial real estate health in West Michigan
Posted By: Grand Rapids Business Journal on July 21, 2022. For more information, please click here to read the source article. A new series of reports showed commercial real estate in West Michigan appears healthy despite recent challenges. Colliers West Michigan on Tuesday, July 19, released its newest market trend reports on the industrial, retail and office […]
Read more...

Over 200 acres by Ann Arbor’s Briarwood Mall now zoned for high-density development
The biggest property rezoning in recent Ann Arbor history is now finalized. City Council voted 8-3 Monday night, April 5, to OK reclassifying over 200 acres around Briarwood Mall under the city’s new TC1 transit-corridor zoning category to pave the way for downtown-style development on the city’s south side. “I’m very excited about this step […]
Read more...

5-story retail, residential project planned near historic Birmingham post office building
Big plans are in store for a historic building on the west side of downtown Birmingham. A mixed-use development is planned for the parking lot adjacent to the old post office at 320 Martin St. The planned five-story building would include retail space on the bottom floor, with space on upper floors dedicated to both office […]
Read more...

Construction costs for Detroit area office build-outs soar at ‘unprecedented’ rate
For those looking to build out new office space, it’s going to set you back much more this year than it did last year. A new report from JLL, a Chicago-based brokerage with an office in Royal Oak, says the cost of constructing new office space in metro Detroit has increased by double digits in […]
Read more...

As Michigan office vacancies increase, what happens to the unused space?
A few years ago, Butzel decided it had more office space than it needed in Oakland County and Detroit and wanted to downsize. Having gone digital, the law firm didn’t need a library or a place to store files. Then the COVID-19 pandemic hit the state in March 2020, forcing many businesses to shift staff to remote […]
Read more...

Pinnacle Construction plans $13M historic renovation for riverside apartment, office development
Pinnacle Construction Group Inc. plans to renovate historic buildings next to its Grand Rapids headquarters along the Grand River to create a 12-unit affordable apartment building with office space. The approximately $13 million project at 974 Front Ave. NW on the west side of the Grand River would be LEED-certified with apartment units that achieve 60 […]
Read more...

Metro Detroit summer development guide 2022: Openings, closings, renovations abound
With the dust of COVID-19 finally beginning to settle, commercial development in metro Detroit is once again bustling. Big plans are in store for several the area’s shopping malls and office buildings, many of which were left abandoned or under-utilized during the peak of the pandemic. Read on to see what’s in store for notable […]
Read more...

Report indicates Q1 industrial, office vacancy trends differ
JLL released its 2022 first-quarter West Michigan industrial and office reports, and the differences are striking. The industrial report revealed that 921,392 square feet of industrial space in West Michigan was absorbed, decreasing the vacancy rate in the region to 3.2%. The average asking rent price increased to $4.06 per square-foot, up 1.8% from the […]
Read more...

Demos now starting, clearing way for big suburban projects
Out with the old, in with the new. That’s the theme behind a few demolition projects underway in the suburbs to make way for more than $300 million in new development across two very different sectors. In Birmingham, a handful of single-story buildings at the corner of Brown Street and Old Woodward Avenue have been […]
Read more...

Southfield Town Center to sell next month
The Southfield Town Center is expected to be sold by the end of next month in what would be among the most significant office transactions in the last decade, Crain’s has learned. An estoppel certificate sent to tenants in the region’s second-largest office complex says that a sale to a Delaware entity called 270B STC […]
Read more...

West Michigan office forecasts vary as quality spaces remain in demand
Commercial real estate experts have struggled to predict the future of the office market since the COVID-19 pandemic started, though they expect demand for high-quality office spaces to remain strong. Office vacancy rates in downtown Grand Rapids hovered around 11 percent in the fourth quarter of 2021, according to market reports from JLL Inc. and Colliers International’s West […]
Read more...

Commercial foreclosures remain low in Detroit, but will that last?
The pandemic has not caused commercial landlords to lose their properties to foreclosure en masse like they did during the Great Recession. At least not yet. In spite of concerns about tenant rent payment early in the pandemic — including from restaurants, bars, gyms, apartment renters, office users and others — as government restrictions to stop the […]
Read more...

Majorel to bring up to 500 jobs to Detroit, open office downtown
The City of Detroit and Majorel, a customer experience management company, announced Thursday that the company will open an office in downtown Detroit. The move will create up to 500 jobs paying a minimum $17 an hour with benefits, according to the company. Majorel, which is based in Luxembourg and employs 69,000 people in 35 countries, according to its […]
Read more...

Signature Celebrates a Record Year
February 10, 2022 – Signature held its annual sales awards celebration at our Southfield headquarters. It was an extra special evening filled with amazing food prepared on-site by Andiamo, Motown music, laughs and camaraderie. As awards were presented, each winner spoke about teamwork, and about creating and preserving relationships, both within Signature and externally with […]
Read more...

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 […]
Read more...

HED becoming second major company to relocate to Royal Oak
Architecture and planning firm HED is moving its Michigan office and 100 employees to downtown Royal Oak in the space currently occupied by tech company Vectorform. The company formerly known as Harley Ellis Devereaux Corp. is taking Vectorform’s approximately 19,000 square feet in the building at the corner of South Main and Fifth streets that […]
Read more...

Gardner White taking over part of old Art Van campus in Warren
Gardner White will take over a portion of the massive former Art Van Inc. headquarters in Warren as it needs more space for distribution and corporate staff. The Auburn Hills-based furniture store said Monday afternoon that it would occupy part of the property’s warehouse as well as the store and corporate office. In a Monday […]
Read more...

Construction firm, cannabis company partner on new commercial development on GR’s west side
Construction Simplified plans to move and expand its offices in Grand Rapids in preparation of eventually growing its presence across the country. The construction firm is currently located at 895 W. Fulton St. on the city’s west side. It has a development agreement with John McLeod, co-founder and head of new markets for Cloud Cannabis Co., to […]
Read more...

Toledo real estate: Apartments and industrial buildings are hot, but offices are struggling
Toledo’s apartment and industrial real estate markets were red hot last year but not its retail and office space sectors, which recorded higher vacancy rates and fewer transactions. That’s according to new annual reports from the Reichle Klein Group, a Toledo real estate company that frequently analyzes the area market. In general, the reports suggest the Toledo […]
Read more...

One-time Birmingham Google office sells for $46.75 million
The downtown Birmingham office building that once housed Google Inc.’s local sales force has sold. The sale of the 126,000-square-foot office and retail building at 325 N. Old Woodward Ave. closed earlier this month for $46.75 million, said Simon Jonna of The Jonna Group, a division of Colliers International Inc. which worked on the deal. […]
Read more...

SIGNATURE ASSOCIATES AND LINO REALTY SELL THE ICON CAMPUS TO BEDROCK
Signature Associates and Lino Realty are pleased to confirm the sale of The ICON, Detroit’s most iconic waterfront campus, to Bedrock. The ICON, located at 200 Walker Street, is a 420,000 square foot office/tech campus situated on 18.2 acres. The ICON, one of the city’s most visible properties situated along the International Detroit Riverfront, offers […]
Read more...

Brick-by-brick: Plans for tech hub at former Jefferson Center move forward
Every week, Monday through Friday, like clockwork, Tammi Sherman takes a drive around the former Jefferson Center — a vacant building with rich history, bounded by four downtown streets in Toledo. While others who pass by may only see a 110-year-old building that has sat uninhabited for years with railings rotting out from the bottom, […]
Read more...

Former Secure-24 may vacate large new Southfield headquarters, Auburn Hills outpost
One of the Southfield Town Center’s towers is at risk of losing its largest tenant in what may be a case of bad timing. NTT Communications Corp., the Tokyo-based parent company of the cloud services provider formerly known as Secure-24, has put its roughly 100,000-square-foot headquarters in the 4000 Town Center high-rise off the Lodge Freeway […]
Read more...

Restaurants, shops and medical offices coming to Perrysburg’s Levis Commons
Growth at Perrysburg’s Levis Commons may have slowed to a crawl after the Great Recession, but in the last five years it has come on strong as developers pumped tens of millions of dollars into new hotels, apartments and retail space. New projects at the mixed-used development — off State Rt. 25 near the I-475/U.S. 23 interchange […]
Read more...

Well-known office properties in metro Detroit up for grabs
Blink and you miss it. In the past week, nearly 800,000 square feet of office space across four well-known properties in Troy and Pontiac became available if you have the scratch. Toss in the Fisher Building and the former UAW-GM Center for Human Resources in Detroit for good measure, and you have six buildings over […]
Read more...

Signature Associates Represents The ICON on Detroit’s Riverfront
Signature Associates in Southfield today announced it has been selected as the exclusive sale and leasing representative of The ICON riverfront office/tech campus in Detroit. The 420,00-square-foot ICON campus, located on 18.2 acres at 200 Walker St., is set along the Detroit River. Originally the UAW-GM Center for Human Resources, the facility opened in late […]
Read more...

SIGNATURE ASSOCIATES AWARDED THE EXCLUSIVE SALE & LEASING OF DETROIT’S ICONIC WATERFRONT CAMPUS
The ICON is a 420,000 sq. ft. world-class, multi-use campus on Detroit’s riverfront. Signature Associates is pleased to announce the exclusive sale and leasing representation of The ICON in Detroit. This office/tech campus is comprised of an eight-story office tower, three-story conference center and three-story atrium lobby. The ICON is a multi-use campus ideal […]
Read more...

An Auburn Hills revival: Main business district sees $55 million in projects and construction
A small stretch of Auburn Road in Auburn Hills is being built out with a raft of new apartments, office and retail space. The main business district between Squirrel Road to the west and stretching a few blocks to the east has about $55 million in new buildings under construction or completed recently across seven […]
Read more...

Plante Moran combining headquarters in giant office deal
Plante Moran is consolidating its two Southfield offices in one of the most substantial office transactions during the COVID-19 pandemic. The accounting, tax advisory, real estate and wealth management firm says it has shuttered its owned 125,000-square-foot office at 27400 Northwestern Highway in the Victor Center building, put it up for sale for an undisclosed […]
Read more...

CRE Confidence Soared in Q1, Says SIOR
Commercial real estate professionals’ confidence in the industrial and office sectors in the first quarter of 2021 rose sharply since the fourth quarter of 2020, according to the Society of Industrial and Office Realtors Snapshot Sentiment Report. The report found a jump from 6.2 out of 10 to 7.3. Furthermore, the outlook for the remainder […]
Read more...

Land of Opportunity
With the outbreak of the COVID-19 pandemic last March, Gov. Gretchen Whitmer issued Executive Order 2020-21 directing all “Michigan businesses and operations to temporarily suspend in-person operations that are not necessary to sustain or protect life.” The downside of the order reverberated throughout the state’s economy, resulting in bankruptcies, a sharp runup in unemployment filings, […]
Read more...

Magna Seating’s new Novi headquarters fetches pandemic-era high for office building
Magna International Inc.’s new seating division headquarters in Novi sold last month for a pandemic-era high price for a single office building in Metro Detroit during the COVID-19 pandemic. The 180,000-square-foot building sold to Norfolk, Va.-based Harbor Group International LLC for $58 million, or $322.22 per square foot, according to CoStar Group Inc., a Washington, […]
Read more...

Pandemic delays Cherry Street development
To great fanfare last June, Mercy Health announced that it would continue to revitalize the Cherry Street Corridor by building a mixed-use development on Cherry Street in partnership with local commercial real estate firm NAI Harmon Group. Unfortunately, the announcement was all that has happened thus far. The partners had hoped to complete the development […]
Read more...

Building sale downtown seen as catalyst to Four Corners revival
Signature was proud to be a part of this amazing deal! One of three vacant downtown office buildings seized from an out-of-town and inactive property owner is set to be sold by the Lucas County Land Bank to a local internet business that plans to put it back into use. The sale marks the start […]
Read more...

Commercial real estate experts optimistic despite work from home uncertainty
The West Michigan commercial real estate market has been relatively stagnant during the pandemic-induced shift to remote working, but advisers see some room for optimism ahead of a vaccine rollout and with several recent office deals. “No matter what industry we’re talking about, I think the driving force is people’s attitude — which used to […]
Read more...

MEDC supports developments in Grand Rapids, Middleville and Kalamazoo
A trio of West Michigan projects recently received community development funding from the Michigan Economic Development Corporation. The Michigan Strategic Fund of the Michigan Economic Development Corporation (MEDC) last week approved community revitalization projects in Grand Rapids, Middleville and Kalamazoo to “position the state for future prosperity,” the MEDC said. The MEDC said the projects […]
Read more...

How busy Troy got an Opportunity Zone to kick-start development
The Top of Troy high-rise along its namesake city’s vaunted retail and office corridor is somewhat deceiving. Sometimes called the PNC Center with the bank’s name emblazoned on the top, it is an homage to capitalism and wealth: 363 feet towering high above the upper middle-class Oakland County city, no building for miles close to […]
Read more...

Michigan work went remote. Businesses now weigh whether they need offices.
Michigan’s largest cities are seeing the negative effects of largely empty office buildings as white-collar workers work remotely — with no predictable end date for the COVID pandemic. Getting those employees back into offices is a short-term solution to repopulating central business districts and restoring customers for the restaurants, shops and services that depend on […]
Read more...

Michigan business groups to Whitmer: Time to ease office-work restrictions
With COVID-19 cases in decline and vaccination rates on the rise, a coalition of Michigan business groups is calling on Gov. Gretchen Whitmer’s administration to let white-collar workers return to the office. The Michigan Chamber of Commerce, Michigan Manufacturers Association, Small Business Association of Michigan and the regional chambers of commerce in Detroit, Grand Rapids […]
Read more...

Slicing construction timeline, Greektown residential tower envisioned in 16 months
Signature Associates is excited to be a part of this new development, for more information click here to see our listing. It was only in June that news was first revealed about a 16-story residential tower planned for Detroit’s Greektown neighborhood, the first new residential units in that area in decades. Now construction of the $64.6 million […]
Read more...

Pandemic could bring permanent changes to delivery, office work
There’s little doubt that living under a year of a global pandemic has caused many of us to adopt new routines and trends. Purchases from Amazon, groceries by delivery, dining outdoors, meetings by Zoom. But how many of those changes will remain after the coronavirus is finally under control? “This year has forced us to […]
Read more...

Innovation marks real estate response
West Michigan brokers and agents had to adjust to weather the COVID-19 pandemic in 2020 across the industrial, office, retail and multifamily markets, according to real estate leaders who spoke at the virtual West Michigan Economic and Commercial Real Estate Forecast. “West Michigan made it through an extremely tough year in 2020, and I am […]
Read more...

Industrial space remains hard to find
According to the third quarter market reports from NAI Wisinski West Michigan, the industrial sector is pushing through COVID-19 territory thanks to Michigan’s strong manufacturing backbone, but the region may have yet to see the long-term effects of the pandemic on other real estate sectors. It’s still too early to determine the damage COVID will […]
Read more...

Construction finally underway on mixed-use building in downtown Muskegon
A ground breaking was recently held for the six-story mixed-use building, The Leonard, after construction was delayed earlier this year. The Leonard is being constructed at the corner of Western Avenue and Second Street. Construction on the 51,565-square-foot building initially was expected to begin in fall 2018, and was postponed once to May 2019 and again […]
Read more...

Leonard Street development approved for MSF support
The Grand Rapids Brownfield Redevelopment Authority recently received Michigan Strategic Fund approval of a brownfield work plan that will include $228,939 in state tax capture reimbursement for the Leonard Development project. The Business Journal previously reported Leonard Development Partners LLC will construct a three-story, mixed-use building on the site where three vacant commercial properties were recently demolished. The […]
Read more...

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 […]
Read more...

CRE Improves Slowly but Steadily in SIOR Update
On-time transactions for the industrial and office sectors have more doubled since the onset of the pandemic while confidence in the market has held steady, according to The Society of Industrial and Office Realtors’ September survey. SIOR continues to monitor the impact of COVID-19 on the commercial real estate market through its monthly Snapshot Sentiment Survey, and […]
Read more...

New $23 million Tenneco building vacant, up for sublease after company abandons move
Powertrain part maker Tenneco Inc. is abandoning its plans to move to Northville Township. Its new $23 million building at 15701 Technology Drive near Five Mile and Beck roads sits vacant and is now up for sublease, according to a marketing brochure from the Southfield office of brokerage house Cushman & Wakefield. Steve Blow, executive […]
Read more...

Detroit’s Eastern Market Poised to Grow with New Housing, Food Production, Offices, and Retail
The City of Detroit’s Housing and Revitalization Department (HRD) and the Detroit Economic Growth Corp. (DEGC) today announced they are seeking proposals from qualified development teams for two sites in the Eastern Market District. The first property is nearly 1-acre of vacant land at 1923 Division St., on the northeast corner of the Dequindre Cut […]
Read more...

Development at former Woodville Mall site taking shape
A once-thriving area of Northwood is destined for a rebirth after several years of stagnation. The city is working with Bowling Green-based Reveille, a planning and economic development agency, to bring a mixed-use development to 120 acres formerly occupied by the Woodville Mall. Plans call for office space, smaller commercial buildings and retail, and housing […]
Read more...

SIGNATURE SELLS 13,812 SQUARE FEET OF OFFICE IN JENISON, MICHIGAN
GRAND RAPIDS, MICHIGAN—August 17, 2020— Signature Associates has negotiated the sale of a 13,812 square foot office building located at 501 Baldwin Street, Jenison, Michigan. Joe Rizqallah of Signature Associates represented the seller, Huntington National Bank, and the purchaser, 501 Baldwin, LLC. The purchaser is currently working on multiple transactions with Signature Associates. He […]
Read more...

COVID-19 has transformed work. It could revolutionize the office next
Over the last decade, there’s been a marked shift in many office environments in metro Detroit. Some companies based in spacious suburban offices with ample parking spaces moved to smaller and more expensive locations in downtown Detroit. Parking came in the form of packed garages, but these sacrifices were mostly considered justifiable because of the area’s walkability […]
Read more...

Office leasing opens in $3M downtown Muskegon development
Office leasing opened in a recently completed mixed-use development in downtown Muskegon that houses restaurants, retail and professional suites. John Essex, managing director of Port City Ventures, which owns Core Realty Partners, said Core Realty Partners began accepting deposits for individual office spaces within the NorthTown 794 development at 794 Pine St. in downtown Muskegon within the […]
Read more...

Deserted office districts pose big problem for restaurants, shops that rely on them
The lights are still off at Central Kitchen + Bar in the First National Building. Next door, the Roasting Plant coffee shop facing the usually bustling Campus Martius park also remains shuttered. That’s largely because the primary customer base of both trendy establishments is still encamped at home, where they’ve been running some of Michigan’s […]
Read more...

First tenants sign on for Complex444, Detroit Shipping Co.’s neighboring development
A diverse lineup of businesses will make a home at Complex444, an upcoming development next door to Detroit Shipping Co. in Cass Corridor, which will be owned by Peterboro Investment LLC with partners including Detroit Rising Development. The latter development and construction management group on Tuesday announced the retail and office collective’s first four tenants. […]
Read more...

Office space changes in limbo as workers return
Synergy. Innovation. Creativity. Interaction. Those buzzwords may be all too familiar to many office workers who recall their office walls disappearing over the last two decades when corporate office planners preached that the best way to utilize the skills of a workforce was to open up the office to create more cross-contact among employees. But […]
Read more...

Former French Quarter hotel to be razed, site redeveloped
A Toledo-area real estate firm announced Friday that the Holiday Inn French Quarter will be demolished and replaced with a multi-phase, mixed-use commercial center under the name of French Quarter Square. River Rock Property Group, LLC issued a news release Friday saying it has completed the purchase of the former Holiday Inn French Quarter in Perrysburg Township. […]
Read more...

SIGNATURE HAS BEEN AWARDED THE REPRESENTATION OF 1,076 SQUARE FEET OF OFFICE/RETAIL SPACE IN ROYAL OAK, MICHIGAN
SOUTHFIELD, MICHIGAN—May 28, 2020— Signature Associates has been awarded the representation of 1,076 square feet of office space located at 25571 Woodward Avenue, Royal Oak, Michigan. This is a freestanding boutique building located on Woodward Avenue in close proximity to I-696. This site offers a unique opportunity with on-site parking and high traffic counts. […]
Read more...

SIGNATURE LEASES 3,121 SQUARE FEET OF OFFICE SPACE IN DETROIT, MICHIGAN
SOUTHFIELD, MICHIGAN—May 19, 2020— Signature Associates has negotiated the lease of 3,121 square feet of office space located at 6200 Second Avenue, Detroit, Michigan. Angela Thomas, Erica Dunlap, and Nicole Voisard of the ÆRES Team of Signature Associates represented both the landlord, New Amsterdam Activation, LLC, and the tenant, MILO Detroit, Inc., a full-service […]
Read more...

SIGNATURE HAS BEEN AWARDED THE REPRESENTATION OF THE SITE AT THE SOUTHWEST CORNER OF THIRTEEN MILE AND TELEGRAPH ROADS
SOUTHFIELD, MICHIGAN—May 19, 2020— Signature Associates has been awarded the representation of the opportunity located at 30777 Telegraph Road, Franklin, Michigan. Previously a Bank of America branch, this site can be repurposed for a tenant or demolished for a build-to-suit. The current one-story, 3,793 square foot building has the potential for a 5,000 square foot […]
Read more...

SIGNATURE HAS BEEN AWARDED THE REPRESENTATION OF 75,206 SQUARE FEET OF OFFICE SPACE IN DETROIT, MICHIGAN
SOUTHFIELD, MICHIGAN—December 10, 2019— Signature Associates has been awarded the representation of 75,206 square feet of office space located at 1155 & 1333 Brewery Park Boulevard, Detroit, Michigan. This is a premier office campus located in the heart of Downtown Detroit and just steps away from Eastern Market. The one-of-a-kind site is also easily accessed […]
Read more...

Morgue Laboratory Equipment Provider Inks Lease in Detroit
Mopec, a Michigan-based laboratory equipment provider, plans to move into new industrial and office space in the Detroit area next year. The company leased the 63,470-square-foot 800 Tech Row, an industrial property that includes 21,568 square feet of office space, according to Gary Stephens with Signature Associates, which represented the landlord in the deal. The deal was […]
Read more...

Spectrum to expand downtown
Spectrum Health selected where its new facility will be located. The health system initially was planning land it owns southwest of the Cornerstone University campus, at Leffingwell Avenue NE and Bradford Street NE, for a new building to house administrative and training offices, as the Business Journal reported in June. Instead, the building will be […]
Read more...

SIGNATURE HAS BEEN AWARDED THE REPRESENTATION OF 3,000 SQUARE FEET OF OFFICE SPACE IN DETROIT, MICHIGAN
SOUTHFIELD, MICHIGAN—October 21, 2019— Signature Associates has been awarded the representation of 3,000 square feet of office space located at 6200 Second Avenue, Detroit, Michigan. This listing is located directly across from the new Henry Ford Detroit Pistons Performance Center. The building is three stories with a modern feel, complete with high ceilings and large […]
Read more...

SIGNATURE LEASES 10,070 SQUARE FEET OF OFFICE SPACE IN DETROIT, MICHIGAN
SOUTHFIELD, MICHIGAN—September 19, 2019— Signature Associates has negotiated the lease of 10,070 square feet of office space located at 7700 Second Avenue, Detroit, Michigan. Chris Secontine of Signature Associates represented the tenant, American Federation of State, County and Municipal Employees, Council 25 (AFSCME). AFSCME is relocating from 600 W. Lafayette in Detroit after selling […]
Read more...

$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 […]
Read more...

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 […]
Read more...

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 […]
Read more...

SIGNATURE HAS BEEN AWARDED THE REPRESENTATION OF A 38,500 SQUARE FOOT SCHOOL IN BLOOMFIELD TWP., MICHIGAN
SOUTHFIELD, MICHIGAN—May 23, 2019— Signature Associates has been awarded the representation of the 38,500 square foot school located at 3600 S. Bradway Blvd., Bloomfield Hills, Michigan. Paul Hoge of Signature Associates is the listing broker representing the owner, Detroit Country Day School. About Signature Associates Signature Associates, with offices in Southfield, Detroit, Lansing, […]
Read more...

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 […]
Read more...

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 […]
Read more...

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 […]
Read more...

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 […]
Read more...

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 […]
Read more...

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 […]
Read more...

SIGNATURE HAS BEEN AWARDED THE REPRESENTATION OF 24,000 SQUARE FEET OF OFFICE SPACE IN TROY, MICHIGAN
SOUTHFIELD, MICHIGAN—April 19, 2019— Signature Associates has been awarded the representation of 24,000 square feet of office space located at 164 Indusco Court, Troy, Michigan. Joe Banyai and Dave Miller of Signature Associates are the listing brokers representing the owner, Pantero. About Signature Associates Signature Associates, with offices in Southfield, Detroit, Lansing, Grand […]
Read more...

SIGNATURE HAS BEEN AWARDED THE REPRESENTATION OF 4,737 SQUARE FEET OF OFFICE SPACE IN CLAWSON, MICHIGAN
SOUTHFIELD, MICHIGAN—April 19, 2019— Signature Associates has been awarded the representation of 4,737 square feet of office space located at 340 S. Main Street, Clawson, Michigan. This building has been transformed from a warehouse to office space in a stunning renovation from floor to ceiling. An excellent property in the Clawson – Royal Oak area, […]
Read more...

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 […]
Read more...

SIGNATURE LEASES 6,349 SQUARE FEET OF OFFICE SPACE IN DEARBORN, MICHIGAN
SOUTHFIELD, MICHIGAN—February 21, 2019— Signature Associates has negotiated the lease of 6,349 square feet of office space located at 3200 Greenfield Road, Dearborn, Michigan to Covenant Community Care, Inc. Covenant Community Care is a non-profit, faith-based community health center. This location is an expansion of its administrative office functions. Chris Secontine and Grant Bruce […]
Read more...

SIGNATURE SELLS 13,464 SQUARE FEET OF OFFICE SPACE IN BLOOMFIELD HILLS, MICHIGAN
SOUTHFIELD, MICHIGAN—January 31, 2019— Signature Associates has negotiated the sale of 13,464 square feet of office space located at 44 Long Lake Road, Bloomfield Hills, Michigan. Mark Woods, Erica Dunlap, Angela Thomas, Nicole Voisard, Griffin Pitcher, and Luke Timmis of Signature Associates represented the seller, Lau & Lau Associates, LLC, in the sale to […]
Read more...

SIGNATURE SELLS 8,466 SQUARE FEET OF OFFICE IN ZEELAND, MICHIGAN
HOLLAND, MICHIGAN—January 31, 2019— Signature Associates has negotiated the sale of an 8,466 square foot office building located at 156 Cherry Street, Zeeland, Michigan to 3D Properties, LLC. Thomas J. Elhart of Signature Associates represented the seller, Church Street Professional, LLC. About Signature Associates Signature Associates, with offices in Southfield, Detroit, Lansing, Grand […]
Read more...

SIGNATURE LEASES 2,390 SQUARE FEET OF OFFICE IN MUSKEGON, MICHIGAN
MUSKEGON, MICHIGAN—January 31, 2019— Signature Associates has negotiated the lease of 2,390 square feet of office space located at 570 Seminole, Muskegon, Michigan. Jim Olsen of Signature Associates represented the tenant, Bonnie Adamczak-Brown and Randy Norden, d.b.a. The Norden/Adamczak Investment Group of Raymond James. About Signature Associates Signature Associates, with offices in Southfield, […]
Read more...

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 […]
Read more...
Did you know?
- Signature Associates completes thousands of transactions and over a billion dollars’ worth of business annually in local, national, and international transactions.
- Signature Associates has 6 veterans or active duty military officers.
- Almost 60% of Signature’s professionals have been with the firm at least 10 years.
- Signature Associates consistently maintains 42% of the market share.
- Signature loves animals! Over 60 professionals have dogs and 20 professionals have cats and collectively we’ve raised thousands of dollars in the last year alone for area animal shelters.
- Signature is proud to be featured as one of the Best & Brightest Companies to Work For, Cool Places to Work and Top Workplaces.
- Signature Associates and its team donate time and money to over 40 organizations throughout Michigan, Ohio and the United States.
- Signature Advisory and Management Services team performed comprehensive construction management services for projects totaling over $60 million and managed more than 10.7 million square feet of commercial space for our third-party clients, making us the largest locally owned third-party property management firm in the market.
- Signature Associates has completed more industrial leases than any other brokerage firm.
- Signature Team Cares was formed in January 2017 to help further our efforts and long history of partnering with local organizations to improve lives and to benefit our communities.