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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 […]

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Lakeside Mall redevelopment gets thumbs-up from Sterling Heights council

Posted By: The Detroit News on November 1, 2022.  For more information, please click here to read the source article.   Plans to redevelop the struggling Lakeside Mall into a mixed-use development moved forward Tuesday night when Sterling Heights City Council approved an agreement with the shopping center’s owner. The council approved, by a 5-2 vote, a memorandum […]

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$60M Woodward West Mixed-use Development Opens in Midtown Detroit

Posted By: dbusiness on October 3, 2022.  For more information, please click here to read the source article.   Detroit Mayor Mike Duggan, city of Detroit officials, and project developers Queen Lillian and The Platform have completed Woodward West, a $60 million new construction mixed-use development in Detroit’s Midtown neighborhood south of Martin Luther King Blvd. “As our […]

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10-story downtown GR development would include 432 apartments, food hall, retail

Posted By: mlive on October 10, 2022.  For more information, please click here to read the source article.   A Chicago-based developer plans a 10-story building along Division Avenue in downtown Grand Rapids that would include more than 400 apartment units, retail and restaurant space. Jon Morgan, co-founder and principal of Chicago-based Interra Realty, is the developer for the […]

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Developers, officials celebrate Midtown Detroit apartment-retail complex

Posted By: The Detroit News on September 28, 2022.  For more information, please click here to read the source article.   A decade ago, developers set out with plans to construct an office building on the corner of Woodward and Stinson in Midtown. After they scrapped those plans and pivoted to residential, Woodward West welcomed its first tenants […]

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Mount Clemens receives state funding to overhaul Cherry Street Mall

Posted By: Macomb Daily on September 24, 2022.  For more information, please click here to read the source article.   A key stretch of downtown Mount Clemens is in line for a major overhaul that officials say will enhance its appearance, eliminate structural obstacles for area shops, and improve the overall business environment. Earlier this month, the city […]

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Fairlane Town Center in Dearborn Adding Eight Retailers in 2022

Posted By: dbusiness on August 25, 2022.  For more information, please click here to read the source article.   Fairlane Town Center, a three-level super-regional shopping center in Dearborn, announced eight new tenants already opened or coming this year including Toys”R”Us, The Coloring Station, Express Yourself, Prissy Paw Palace, Incredible Burger, The Ukiyo Store, Ballzy Balls, and Fix […]

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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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Shifting retail on Grand Rapids’ east side reflects broader market trends

Posted By: MiBiz on August 28, 2022.  For more information, please click here to read the source article.   Retail corridors on Grand Rapids’ east side are in flux as new businesses move in and longtime staples relocate or shut down. The corridors in East Hills and Eastown embody West Michigan’s hot commercial real estate and retail market, […]

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Sweetgreen Restaurant Opens Tuesday in Birmingham, Two Other Area Locations Planned

Posted By: dbusiness on August 8, 2022.  For more information, please click here to read the source article.   Sweetgreen, a self-described mission-driven restaurant brand serving healthy food, will open in downtown Birmingham on Tuesday. It’s the first Michigan location and 170th location for the restaurant brand. The Birmingham location at 167 N. Old Woodward, just north of […]

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Shops at CenterPoint acquired in off-market sale

Posted By: Grand Rapids Business Journal on August 12, 2022.  For more information, please click here to read the source article.   A local shopping center was sold to an unnamed buyer for $63.5 million. A fund managed by New York-based DRA Advisors, in partnership with Illinois-based real estate agency Pine Tree, acquired the Shops at CenterPoint, a […]

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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 […]

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First Whole Foods Market in Grand Rapids area opening Aug. 17

Posted By: mlive on July 11, 2022.  For more information, please click here to read the source article. Signature Associates’ Joe Rizqallah is proud to have been a part of this deal.   A Whole Foods Market at the Radcliff Plaza shopping center in Kentwood near Woodland Mall is opening Aug. 17, according to a sign hanging outside […]

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Brewing up another Biggby: Dible opens third coffee store

Posted By: Sentinel Tribune on June 20, 2022.  For more information, please click here to read the source article. Signature Associates’ Bob Mack and Steve Serchuk are proud to have been a part of this deal.   The new Biggby Coffee shop in the French Quarter Square is Gary Dible’s third location in eight years and the fundamentals […]

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Former Sears at Macomb Mall Hits the Market for Sale

For sale information on the former Sears, contact Steve Gordon. Posted By: CoStar on June 30, 2022.  For more information, please click here to read the source article.  For listing information, click here. Seritage Taps Signature Associates To Handle Sale of Property Currently Anchored By At Home and Hobby Lobby Seritage Growth Properties has put the […]

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Eastland Center ‘transformation’ advances as construction starts on industrial development

For leasing information on Eastland Commerce Center, contact Joe Hamway/Greg Hudas. Posted By: The Detroit News on July 7, 2022.  For more information, please click here to read the source article.   Sixty-five years after Eastland Center opened its doors to shoppers, the developer of a $94 million industrial complex broke ground on the project that will replace […]

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Former Art Van headquarters snags another furniture tenant

Another furniture company is taking space at the old Art Van Furniture Inc. headquarters. Florida-based Ashley Furniture Industries LLC is leasing 186,000 square feet in the 1 million-square-foot-plus property on East 14 Mile Road in Warren, according to its new owner, Brasswater. Simon Yeramian, vice president of investments for the Montreal-based company, said in an […]

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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 […]

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New businesses restore tired, commercial strip near University of Toledo

After falling into vacancy and abandonment, a small commercial plaza on Bancroft Street near the University of Toledo is being revived thanks to three businesses breathing new life into it. Jo Jo’s Pizza, Sunrise Skillet, and Arnie’s Toledo are committed to making a go of it in the plaza located in the 2600 block of […]

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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 […]

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Ohio approves 70 more medical marijuana dispensaries

Ohio’s 3-year-old medical marijuana program on Monday more than doubled the number of dispensaries where product may be sold in its first major expansion since its inception. The Board of Pharmacy approved 70 provisional licenses out of some 1,400 applications received, bringing the total to date to 128. Three more are expected at a later […]

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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 […]

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SIGNATURE LEASES 1,256 SQUARE FEET OF RETAIL IN GRAND RAPIDS, MICHIGAN

GRAND RAPIDS, MICHIGAN—May 25, 2022— Signature Associates has negotiated the lease of 1,256 square feet of retail space located at 900 Michigan Street NE, Grand Rapids, Michigan to Method Salon, LLC. Joe Rizqallah of Signature Associates represented the landlord, 900 Michigan NE, LLC. The tenant has been in business for 3 years and decided to […]

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SIGNATURE SELLS 8,040 SQUARE FEET OF RETAIL IN WYOMING, MICHIGAN

GRAND RAPIDS, MICHIGAN—May 25, 2022— Signature Associates has negotiated the sale of an 8,040 square foot retail building located at 69 28th Street SW, Wyoming, Michigan. Joe Rizqallah of Signature Associates represented the purchaser, Latyn Rhythm Entertainment. Latyn Rhythm Entertainment has been our client for almost 10 years. They have multiple businesses, and this will […]

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Former North Towne Square site approved for redevelopment by Toledo plan commission

The Toledo City Plan Commission Thursday approved a major site plan to redevelop the former North Towne Square location for industrial use. The proposal is being designed by Mannik & Smith Group of Maumee and would include three industrial buildings totaling approximately 852,000 square-feet, according to the plan commission staff report. NorthPoint Development with an […]

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Fairlane Town Center’s new owner to redevelop Dearborn mall with mixed-use destinations

The new owner of Fairlane Town Center says it will redevelop the Dearborn mall for mixed use-destinations after its previous owner defaulted on loans. Centennial, a Dallas-based real estate investment firm focused on retail and mixed-use properties, on Wednesday said it has acquired the struggling 1.4 million-square-foot shopping center from Florida’s Starwood Capital Group. Details of […]

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In Birmingham, downtown streetscape project raises parking concerns

When clients visit Chris Habbo’s company, Care Mortgage on South Old Woodward, they’re able to pull up outside, park, and walk in to get an application, drop off paperwork and handle other business. All of that will change this spring when the city begins its $12 million reconstruction project that will reconfigure a half-mile stretch […]

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Corktown buzzes with retail, residential development: ‘It’s busy, busy, busy’

After nearly a year of running a cold-pressed juice shop in Grosse Pointe, Rachael Schroeder and her husband, Kevin, decided to expand their business, Rhythm & Blue Juice Co. They chose retail space at the Elton Park Corktown Apartments for their second location, which they opened in late January — another business betting on the […]

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Council approves plan for community entertainment districts

Toledo City Council on Tuesday unanimously approved plans to establish seven new community entertainment districts in an effort to bring more business and attract more residents to the downtown area. The districts are designated areas that will open the door for more liquor licensing and allow for a mix of entertainment, retail, social, and cultural […]

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Vacant Sears store at Westgate to be demolished; area to be redeveloped

The owners of the Westgate Village Shopping Center plan to purchase the vacant Sears building and redevelop the property, the company’s CEO told The Blade. Liz Holland, the CEO of Chicago-based Abbell Credit Corp., which owns the Westgate plaza, said the vacant building will be razed and the company will evaluate various redevelopment proposals for […]

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Toledo looks to expand downtown community entertainment districts

The number of community entertainment districts in the downtown area could grow substantially if a new proposal is approved by Toledo City Council. Community entertainment districts are designated areas consisting of a combination of entertainment, retail, social, or cultural businesses with access to additional liquor licensing. The Regional Growth, Development and Small Business Enterprise Committee […]

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Retail in metro Detroit isn’t dead. It’s just adapting.

These days, consumers actually have more places to shop, not fewer. Contrary to the common refrain about the death of retail, there has been an increase of nearly 11 percent in the amount of retail space in the five-county area the last 16 years. Large, but aged and dying, shopping centers like Summit Place Mall […]

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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 […]

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Oakland Mall may join Fairlane Town Center as second mall selling this month

A new owner is nearing a purchase of Oakland Mall, Crain’s has learned. Mario Kiezi, a real estate investor and developer based in Troy, confirmed that he has the mall under contract for purchase for an undisclosed price. Letters have been sent to the mall’s tenants informing them of the pending ownership change. Kiezi declined […]

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Partners begin construction on downtown Muskegon venues

A group of partners has begun construction on a pair of venues called Motu Lakeshore Wine Bar and Prohibition Muskegon. Jonathan Jelks and his father, Randal Jelks; Jamiel Robinson; recording artist Willie “Willie the Kid” Jackson; and Alvin Hills IV announced Monday, Feb. 21, construction officially kicked off on Motu Lakeshore Wine Bar and Prohibition Muskegon Bar […]

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Fairlane Town Center expected to be sold next month

The Fairlane Town Center shopping mall in Dearborn is about to be sold, according to a New York City-based company that tracks commercial real estate loans . Commercial mortgage-backed securities loan commentary provided Wednesday afternoon by New York City-based Trepp LLC says the sale of both Fairlane, located at 18900 Michigan Ave., as well as the Shops […]

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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 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 […]

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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 […]

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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 […]

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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 […]

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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. […]

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SIGNATURE ASSOCIATES LEASES ICONIC LINDA DRESNER BUILDING IN BIRMINGHAM

Signature Associates is pleased to confirm the lease on the former Linda Dresner store on W. Maple Road to Serena & Lily.  Boji Group purchased the iconic building on the corner of Maple and Bates streets, renaming the building MapleBates. Boji Group secured the lease in November of 2021 with the assistance of Signature Associates’ […]

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Retailers adapt to new trends

Adjusting and adapting seemingly have become the “new normal” for retailers as COVID-19 hasn’t shown much sign of going anywhere anytime soon. Despite stock shortages due to supply chain issues, price increases and difficulty with employee retention on the part of retailers, customers still are shopping — and they are doing so in person. A […]

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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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Malls ditch shopping to fill wasteland of vacant retail stores

Imagine 16 deserted Mall of Americas. That’s how much space battered mall owners need to fill heading into 2022, more than 90 million square feet. It’s no easy task, with dozens of retail chains already cutting back or shutting down, and it won’t get any better if the newest pandemic wave scares off shoppers. So […]

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Developers consider Route 20 a prime location for new development

With new retailers filling up Rossford’s former Giant Eagle building and construction taking place in Perrysburg Township’s French Quarter Square, U.S. 20 has become a hub of economic development for the region. “The Route 20 corridor is about as hot as any corridor in the greater Toledo area,” said Doug Flick, director of real estate […]

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Downtown Birmingham sees surprise surge of new retailers

While some downtowns, malls and shopping centers struggle to recover from the impacts of the COVID-19 pandemic on in-person shopping and office space needs, Oakland County’s downtown Birmingham is emerging as a bright spot. The sidewalks and parking structures are busy once again with visitors and downtown workers on lunch break, and at least eight retailers and four new food establishments have in recent […]

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New vision for Kmart’s old headquarters in Troy: But could it work?

As Kmart ends its story in Michigan and closes its last store here in Marshall, the former Kmart Corp. headquarters in Troy still sits awaiting its next chapter. The property at 3100 W. Big Beaver Road, likened in the past to an assortment of brown shoeboxes sticking out of the ground, has been empty for 15 years. Its future […]

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Signature West Michigan Team Celebrates at the CARWM Commercial Summit

Our Signature West Michigan team had an amazing time at the Commercial Alliance of Realtors – West Michigan (CARWM) Commercial Summit in September. This event celebrated some of the industry’s best of the best. Congratulations to our very own Chip Hurley who won Realtor of the Year and Joe Rizqallah who won Retail project of […]

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New seafood-centric restaurant opening in Birmingham

A new restaurant with a heavy influence on seafood from the Mediterranean is set to open in downtown Birmingham. Debuting Wednesday is Mare Mediterranean, a seafood-forward restaurant with an influence from Greek, Italian and Spanish flavors. Restaurateur Nino Cutraro partnered with Jay Feldman of the Feldman Automotive Group to open the new spot. Cutraro also owns nearby […]

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Fifth Third Bank lists historic downtown Holland branch building for $4.5M

Fifth Third Bank is looking to sell its historic branch building in downtown Holland. The iconic three-story, 25,000-square foot building at 36 E. 8th St. was constructed in 1928 and has a sale price of more than $4.5 million, according to the listing by NorthStar Commercial LLC. The listing includes two additional parcels behind the historic structure […]

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Redevelopment of former North Towne Square Mall to bring 500 new manufacturing jobs

City officials on Thursday announced the long-vacant former North Towne Square Mall property will soon be redeveloped into Toledo’s latest industrial park, a move Mayor Wade Kapszukiewicz said will bring at least 500 well-paying, advanced manufacturing jobs to the community. Kansas City-based NorthPoint Development intends to spend $70 million to build two industrial buildings totaling […]

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Partridge Creek, Fairlane malls under new management in receivership

Two troubled metro Detroit malls have come under new management and one of them recently went into receivership amid financial woes. The Mall at Partridge Creek in Clinton Township and Fairlane Town Center in Dearborn are now being managed and marketed for lease by Syracuse, N.Y.-based Spinoso Real Estate Group LLC. Partridge Creek also has come under the […]

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Mixed-use building set for Junior League site

A mixed-use three-story building is planned for the former Junior League of Birmingham site, and has received preliminary site plan approval by the Birmingham Planning Board. The new building, to be located at 460 N. Old Woodward, received unanimous recommended preliminary site plan approval from the planning board in late July, with conditions that must […]

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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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GR-area commercial retail market strong heading into holiday season

The retail sector of West Michigan’s commercial real estate market is seeing heavy activity despite many business owners struggling to stay fully staffed. Local real estate brokers attribute the high level of activity partly to pent-up demand from consumers and deals being put on hold in 2020 because of the pandemic, as well as the […]

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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 […]

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Shunned by shoppers and squeezed by online retail, iconic Detroit malls to get new lives

Eastland Center and Northland Center malls opened in the 1950s to the fanfare of Metro Detroiters looking for a suburban shopping experience. Decades and the internet later, both sites face different futures. Eastland on Vernier Road in Harper Woods will close in January, and an industrial facility will be built in its place. The former […]

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Mixed-use project will repurpose vacant downtown Muskegon bank building

A historic bank building in downtown Muskegon will be redeveloped into a mixed-use space after being vacant for four years.  Core Development Group plans to repurpose the six-story tower at 221 W. Webster Ave. into offices, commercial space and apartments. “It’s preserving an old building. If it sat here forever, who knows what it would […]

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Perrysburg Township project includes restaurants, gym and French Quarter theme

A New Orleans-themed development in Perrysburg Township with restaurants, a coffee shop and gym is under construction and slated to open starting early next year. French Quarter Square will be worth $15-$20 million when finished, said Mike Denman, vice president of developer River Rock Property Group. The property at 10630 Fremont Pike is just east […]

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Southfield sells Northland mall property for $11.1M

After entertaining a number of interested parties, the city of Southfield has finally inked an $11.1 million deal with Bloomfield Hills-based Contour Cos. for a majority of the 114-acre former Northland Center property. The signing of the deal, which was announced July 29, came shortly after the city received approval of a $26 million Michigan […]

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Coming soon to Toledo: Discount retailer HomeBuys, upscale restaurant Cooper’s Hawk

Discount home goods retailer HomeBuys is coming to Toledo, filling a long-vacant space at Talmadge Road and Monroe Street that previously housed The Andersons general store. The Columbus-based company with locations around the state claims a “treasure-hunt atmosphere,” with always-changing items. It purchases closeout items from other retailers and manufacturers then sells them at a deep discount. […]

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Redevelopment of key property bridging Midtown and downtown sought by Muskegon officials

A building at a key location near Muskegon’s downtown could revert to its historic look through mixed-use redevelopment being sought by city officials. The city-owned building on Third Street had housed offices of Catholic Charities West Michigan, which recently moved to new facilities in the city. The property includes vacant lots on which the city […]

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Oregon Economic Development Committee discusses town center project, future

As part of Oregon’s new town-center project’s first phase, construction of a new roadway off Pickle Road is scheduled to begin at summer’s end. The Oregon Economic Development Committee met Thursday to discuss that project as well as the status of Oregon’s industrially zoned property and what kind of projects might be in its future. […]

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Blake Family of Companies puts $1 million into redevelopment, new venue

The Blake Family of Companies on Tuesday announced the completion of a $1 million redevelopment project that gives the brand a new, expanded multi-purpose, year-round retail and entertainment venue. Blake’s Backyard, located at 5600 Van Dyke Ave. in Almont, is open daily and features a 10,000 square foot taproom that offers Blake’s Hard Cider, beer […]

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Northland mall sale closes; redeveloper plans to build housing, commercial space

The City of Southfield finalized the sale Thursday of the abandoned Northland Center mall to a private developer who plans to demolish big portions of the old shopping mall, save some of it and build new housing and commercial space. Bloomfield Hills-based Contour Companies closed on the $11.1 million purchase agreement for the 97-acre site and the money is sitting […]

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Plan for home furnishings retailer RH in downtown Birmingham moves forward

Two years after Birmingham voters nixed a proposal to build a new parking deck that would help bring RH (formerly Restoration Hardware) to downtown, another plan appears closer to reality. The city’s planning board voted Wednesday to recommend approval of the final site plan and special land use permit for the building that would house […]

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At age 50, Franklin Park Mall tries to swim against the retail current

What kind of birthday gift do you buy for a shopping mall? In the case of Franklin Park Mall, which reaches 50 years old July 22, the answer is probably a dozen or so new tenants to help put it on the path toward another half-century. But Toledo’s premier shopping venue didn’t survive this long […]

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Elder-Beerman, Sears redevelopment unlikely for now, city official says

Fifteen months ago the city of Toledo soundly rejected tax abatements that would have helped a California firm redevelop the former Elder-Beerman property on Secor Road. It appears the once-popular department store will remain vacant for the foreseeable future because tearing it down and erecting new retail space on the site is not economically feasible […]

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How the Restaurant Industry Has Adjusted as a Result of the Pandemic

By: Bruce Baja While it is safe to say the COVID-19 pandemic brought about many unprecedented challenges for most businesses, the restaurant industry in particular found itself faced with challenges the like of which it had never witnessed before. From constantly changing rules and regulations, safety guidelines, occupancy limits, and extremely challenging staffing issues, restaurants […]

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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 […]

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A tale of 2 malls: Partridge Creek is in trouble, Village of Rochester Hills isn’t. What’s the difference?

A pair of open-air shopping centers not so far apart are facing different fates. The Mall at Partridge Creek in Clinton Township is looking down the barrel of receivership after its Miami Beach, Fla.-based owners defaulted on a $725 million mortgage, buckling under the weight of massive debt, the COVID-19 pandemic and e-commerce. Tenants, in […]

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Developer acquires three more properties for massive Sligh factory mixed-use project

A Detroit-based developer recently acquired three properties near downtown Grand Rapids as part of a larger mixed-use plan to redevelop the former Sligh Furniture Co. building. Sturgeon Bay Partners, doing business as JV SBAM SA LLC, acquired 188 Wealthy St. SW, 190 Wealthy St. SW, and 440 Grandville Ave. SW on May 14 for a total […]

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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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SIGNATURE SELLS 6,680 SQUARE FOOT CARWASH BUSINESS IN HOLLAND, MICHIGAN

HOLLAND, MICHIGAN—May 7, 2021— Signature Associates has negotiated the sale of a 6,680 square foot carwash located at 386 Baypark Drive, Holland, Michigan to Koopman Real Estate. Tom Elhart of Signature Associates represented the seller, Winter Park, LLC. About Signature Associates Signature Associates, with offices in Southfield, Detroit, Lansing, Grand Rapids, Muskegon, Holland, Kalamazoo, Michigan […]

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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, […]

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Meijer wants abandoned Kmart site in Orion Township

Meijer has its eyes on an abandoned Kmart in an Orion Township shopping center as a future location for a Meijer store. The former Big K at 1025 S. Lapeer Road in the Lake Orion Plaza would be demolished and replaced by the nearly 90,000-square-foot Meijer store, which would be slightly bigger than the Big K and […]

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City begins demolition of former Driggs Dairy site

Neighbors rejoiced Tuesday as the city announced it will demolish the former Driggs Dairy site in Central Toledo with intent to redevelop the blighted property into something useful to local residents. The site at 1157 Grand Ave., just east of Detroit Avenue, was where Driggs set up a local milk-processing plant when it expended to […]

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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 […]

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Can Amazon deliver new life to Reynolds Road?

In a few months, what was the weed-strewn, broken concrete grave of the former Southwyck Shopping Center will be reborn with the opening of Amazon’s $25 million “Delivery Station.”  The 150,000-square-foot facility at 2040 S. Reynolds Rd. will bring new life, plus 410 jobs, to the 58-acre site that has sat vacant since 2008 when […]

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Village of Rochester Hills welcomes new retailers

The Village of Rochester Hills has avoided some of the pitfalls other shopping centers are encountering and is adding a slew of new retailers. The outdoor shopping center at Adams and Walton roads is at 95 percent capacity and has avoided many COVID-related closures, said Scott Aikens, vice chairman and director of leasing for Robert B. Aikens & Associates […]

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Marijuana businesses to revive former Monroe outlet site

For the last five years or so, the only growth one could find at the Monroe Factory Shops on LaPlaisance Road in Monroe Charter Township was the overgrown weeds springing up from cracks and seams along its neglected walkways. Once a thriving retail mecca originally called Manufacturers Market Place, the few remaining retailers at the […]

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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 […]

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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 […]

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RH submits new plans for site in Birmingham

RH, also known as Restoration Hardware, has submitted a preliminary site plan, special land use permit request and a community impact study for a new four-story mixed use building at the southwest corner of S. Old Woodward and Brown streets in Birmingham, which is on the city planning board’s Wednesday, March 24, agenda. The preliminary […]

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Is this empty Hall Road storefront the site of Amazon Fresh’s first Michigan location?

The proposed remodeling of the former Gander Outdoors store in Shelby Township could be a harbinger of a new grocery option making its way across the country: Amazon Fresh. A site plan I obtained through a Freedom of Information Act request to Shelby Township shows a new exterior to the building at 13975 Hall Road […]

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Franchising expected to bounce back quickly

Franchising expected to bounce back quickly

The number of small businesses failures in 2020 has yet to be calculated, but two months into the new year the havoc that the coronavirus pandemic wreaked on small business franchises has become clear. According to a report prepared by FranData for the International Franchise Association, the number of business franchises declined 2.6 percent last […]

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Plans come together for Port Huron’s first downtown grocery store in 50 years

Plans come together for Port Huron’s first downtown grocery store in 50 years

If you had told Steve Fernandez and Michele Jones in 2012 that they were going to retire to Port Huron, then spend most of their retirement savings on becoming grocers, they’d have thought you’d been eating funny mushrooms. In 2012, he was working in Alaska as the Anchorage terminal manager for Koch Industries. Michele, his […]

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Toledo retail landscape not as bad as expected, report says

Toledo retail landscape not as bad as expected, report says

Thirty major retailers filed for bankruptcy in 2020, a devastating year that saw nearly 15,000 stores close and thousands of workers jobless.  But while the loss of major retailers also was felt in the Toledo area during the year of the coronavirus pandemic — with chains like Steinmart, Pier 1, and Art Van Furniture, all […]

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Slicing construction timeline, Greektown residential tower envisioned in 16 months

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 […]

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Toledo officials hope to position former North Towne Square Mall for redevelopment

Toledo officials hope to position former North Towne Square Mall for redevelopment

City officials are moving to reposition the former North Towne Square Mall property for redevelopment in their latest move to get vacant city-owned land back into productive use. The North Toledo site has been vacant for 16 years, and 11 years ago the city took ownership of the former shopping mall so that it could […]

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Pandemic could bring permanent changes to delivery, office work

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 […]

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Innovation marks real estate response

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 […]

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Pet Supplies Plus in Livonia to be Sold for $700M

Pet Supplies Plus in Livonia to be Sold for $700M

Sentinel Capital Partners, a private equity firm that invests in lower midmarket companies, today announced plans to sell Livonia-based Pet Supplies Plus, the third largest pet specialty chain in the U.S., to Franchise Group Inc. The deal is valued at $700 million. Founded in 1988, Pet Supplies Plus is a leading franchisor and operator of pet-specialty […]

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Options open for new restaurant, more in lease property available on Telegraph in Brownstown

Options open for new restaurant, more in lease property available on Telegraph in Brownstown

With more than 15,000 cars traveling the area of Telegraph Road near King Road in Brownstown Township daily, the area is considered to be a busy corridor — perfect for a business developer and tenants. A construction project that could house several different businesses, including a drive-thru fast food establishment, now occupies a spot at […]

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Mall at Partridge Creek faces reckoning amid pandemic, debt

Mall at Partridge Creek faces reckoning amid pandemic, debt

The Mall at Partridge Creek faces a challenging year that could lead to foreclosure, a predicament experts attribute most directly to the booming growth in online shopping spurred by the 10-month-long COVID-19 pandemic. Starwood Capital Partners, the owner of the luxury outdoor mall in Macomb County, hasn’t made an interest payment on its loan in six months. And […]

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Construction finally underway on mixed-use building in downtown Muskegon

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 […]

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Southfield City Council to discuss sale of vacant Northland mall for $11M

Southfield City Council to discuss sale of vacant Northland mall for $11M

The Southfield City Council is expected Monday to discuss a proposal for the sale of the former Northland Center for $11 million to a Bloomfield Hills company that plans to redevelop it into apartments, restaurants and retail space. The sale to Contour Companies of Bloomfield Hills is expected to be finalized in January and construction is […]

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City commission approves proposal requiring special use permit for small box discount stores

City commission approves proposal requiring special use permit for small box discount stores

Small-box discount stores — such as Dollar General — may eventually have to obtain special-use permits to open in Toledo under a proposal passed recently by the Toledo City Plan Commission. The proposal, applicable only to new stores coming in, not existing businesses, would affect discount stores with a floor area between 5,000 and 15,000 square […]

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Leonard Street development approved for MSF support

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 […]

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Michigan retailers report ‘large upswing’ with September sales

Michigan retailers report ‘large upswing’ with September sales

Nearly half of Michigan retailers optimistically expect higher sales in the coming holiday shopping season. The expectations for holiday-season sales follow what the Michigan Retailers Association called a “large upswing” in retail sales in September from August. In a monthly survey by the MRA, 51 percent of retailers reported increased sales for September from the prior month. […]

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Most U.S. Shoppers Say They Won’t Set Foot in a Mall This Year

Most U.S. Shoppers Say They Won’t Set Foot in a Mall This Year

For most Americans, this holiday shopping season won’t include one longtime staple: the mall. Just 45% of U.S. consumers plan to go to a shopping mall this season, down from 64% who visited last November and December, according to an International Council of Shopping Centers survey released Friday. The forecast is a fresh blow to American malls […]

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Detroit’s Eastern Market Poised to Grow with New Housing, Food Production, Offices, and Retail

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 […]

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Development at former Woodville Mall site taking shape

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 […]

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Flat River Group opens distribution center, appoints leaders

Flat River Group opens distribution center, appoints leaders

A toy and game distributor in the region added new space in Kentwood, hired two senior staff members and appointed a board member. Matt Stahlin, co-founder and president of Belding-based Flat River Group, told the Business Journal last week that his company opened a new, 160,000-square-foot distribution center at 3729 Patterson Ave. SE in Kentwood on […]

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SIGNATURE LEASES 1,500 SQUARE FEET OF PROPERTY RETAIL IN HUDSONVILLE, MICHIGAN

GRAND RAPIDS, MICHIGAN—September 2, 2020— Signature Associates has negotiated the lease of 1,500 square feet of retail space located at 5340 Plaza Avenue, Hudsonville, Michigan to Edward D. Jones & Co., LP.   Joe Rizqallah of Signature Associates represented the landlord, NAM Properties, LLC. Signature and NAM have worked together for over four years. We […]

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Can retail recover from virus? Experts say future is murky

Can retail recover from virus? Experts say future is murky

In 2019 there were 17 major retailers who filed for bankruptcy, including Forever 21, Barney’s of New York, Things Remembered, and Payless ShoeSource. With 2020 just over seven months old, there already have been 26 major retailers that have sought bankruptcy protection, including J.C. Penney, Lord & Taylor, Neiman Marcus, and this past Tuesday, Stein […]

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3 REASONS WHY YOU STILL NEED TO BE AT MAIN & MAIN

By: Erica Dunlap We know the retail landscape has greatly changed over the past few months. COVID-19 will have long-lasting effects on the real estate industry and specifically the retail sector, however, we still see a need for premier retail space as we navigate our new normal. Here are three reasons why we still see […]

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SIGNATURE SELLS 1,134 SQUARE FEET OF RETAIL IN MUSKEGON, MICHIGAN

GRAND RAPIDS, MICHIGAN—June 29, 2020— Signature Associates has negotiated the sale of a 1,134 square foot retail building located at 557 W. Western Avenue, Muskegon, Michigan to Esther Enterprises, LLC.   Jamie Hughes of Signature Associates represented the seller, CBT Enterprises, LLC. About Signature Associates Signature Associates, with offices in Southfield, Detroit, Lansing, Grand Rapids, […]

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Office leasing opens in $3M downtown Muskegon development

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 […]

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Deserted office districts pose big problem for restaurants, shops that rely on them

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 […]

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First tenants sign on for Complex444, Detroit Shipping Co.’s neighboring development

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. […]

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First ‘social zones’ now open in downtown Grand Rapids

First ‘social zones’ now open in downtown Grand Rapids

Visitors to downtown will notice four new outdoor “social zones” that were installed in public spaces over the weekend to give restaurants and retailers more room to serve customers in the era of social distancing. Downtown Grand Rapids Inc. and the city of Grand Rapids on Friday began installing the four contiguous social zones — […]

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Southwyck, French Quarter are case studies in shifting industries

Southwyck, French Quarter are case studies in shifting industries

The retail landscape continues to shift in the U.S. and a pair of properties in northwest Ohio provide an interesting juxtaposition. After a decade of conjecture and stalled plans, the former Southwyck Mall site in Toledo is being transformed into an Amazon delivery station, which city officials consider a monumental victory. There is more positive […]

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Former French Quarter hotel to be razed, site redeveloped

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. […]

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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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Why Would Amazon Scope Out JCPenney? It’s The Real Estate!

Why Would Amazon Scope Out JCPenney? It’s The Real Estate!

Great Article featuring Whitebox Real Estate/TCN Worldwide: Kerri Panchuk of Bisnow talks to Grant Pruitt from TCN’s Dallas office, Whitebox Real Estate/TCN Worldwide, about Amazon’s possible acquisition of JCPenny. Rumor has it struggling JCPenney Co. is a possible acquisition target for Jeff Bezos’ Amazon. JCPenney filed for Chapter 11 bankruptcy Friday and said it would close about 240 […]

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Some metro Detroit malls to reopen this week — with changes

Some metro Detroit malls to reopen this week — with changes

Three of the region’s most high-profile regional shopping centers are due to reopen later this week following a complete shutdown since the end of March. The owners of Great Lakes Crossing Outlets in Auburn Hills, Twelve Oaks Mall in Novi and Somerset Collection in Troy say patrons can shop there once again beginning Thursday and […]

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SIGNATURE HAS BEEN AWARDED THE REPRESENTATION OF 47,063 SQUARE FEET OF RETAIL SPACE IN LAKE ORION, MICHIGAN

SOUTHFIELD, MICHIGAN—May 14, 2020 Signature Associates has been awarded the representation of 47,063 square feet of retail space located at 2359 Joslyn Court, Lake Orion, Michigan.   The Olde World Canterbury Village is a one-of-a-kind opportunity with 15.6 acres of land and is an attraction for the local community. Conveniently located off Joslyn Road, the […]

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New retail, entertainment development planned for Levis Commons

New retail, entertainment development planned for Levis Commons

n a surprise move, Toledo-based developer Ed Harmon announced Monday that he will break ground in July on a new retail/entertainment development in Levis Commons in Perrysburg. The two-story, 80,000-square-foot development will be located on 4½ acres of vacant ground adjacent to an existing building, known as the Orleans Building, which houses the Benchmark restaurant […]

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Mall at Partridge Creek owner in default on $725 million mortgage

Mall at Partridge Creek owner in default on $725 million mortgage

The owner of The Mall at Partridge Creek in Clinton Township is in default on its mortgage. The November default on a balloon payment on a $725 million debt that is also secured by three other malls in Florida, Virgina and North Carolina makes it the latest metro Detroit shopping center to enter into choppy […]

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Certain businesses faring well during pandemic

Certain businesses faring well during pandemic

Joe Sofo wasn’t sure what to expect from a business standpoint when the coronavirus pandemic hit hard over a month ago, but the results have been pleasantly surprising. Sofo Foods, which supplies ingredients to restaurants and fast food joints and operates a retail store on Monroe Street, is one of the local businesses faring well […]

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Hall Road, other shopping centers face changing landscape amid COVID-19

Hall Road, other shopping centers face changing landscape amid COVID-19

What is perhaps Metro Detroit’s busiest shopping corridor is hurting. At 10.5 miles, the stretch of M-59/Hall Road that runs east to I-94 in Macomb County produces one of the most formidable retail hot spots in the region. So what happens when half of the 90,000 to 100,000 cars that traverse it daily stay in […]

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SIGNATURE SELLS 1,134 SQUARE FEET OF RETAIL IN MUSKEGON, MICHIGAN

GRAND RAPIDS, MICHIGAN—April 13, 2020— Signature Associates has negotiated the sale of a 1,134 square foot retail building located at 557 W. Western Avenue, Muskegon, Michigan to Esther Enterprises, LLC.   Jamie Hughes of Signature Associates represented the seller, CBT Enterprises, LLC. About Signature Associates Signature Associates, with offices in Southfield, Detroit, Lansing, Grand Rapids, […]

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‘Ton of jobs’ available in Lucas County, and thousands of workers needed to fill them

‘Ton of jobs’ available in Lucas County, and thousands of workers needed to fill them

When the University of Toledo told her last week that her job in the dean’s office was ending until at least May, Chloe Smith panicked — how would she pay rent? That day, she saw an ad seeking cashiers, baggers, and shelf stockers at Walt Churchill’s Market and applied. She was on a new payroll […]

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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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Muskegon County busy with redevelopment projects

Muskegon County busy with redevelopment projects

With a $19 million convention center underway, several projects on the waterfront, a micro hotel and some mixed-use buildings, downtown Muskegon has become an epicenter of development activity along the lakeshore. “We are in a historic transformation,” said Dave Alexander, the business development manager for the city of Muskegon. While downtown Muskegon remains arguably the […]

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Mall adding four stores

Mall adding four stores

Coming off of a storm of activity in 2019, Woodland Mall announced its latest lineup of new and first-to-market retailers for 2020. Champs Sports, a major North American specialty sports retailer, will be the first of four stores to open at the mall, followed by Aéropostale, Sephora and White House Black Market. These new retailers […]

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Georgio’s Cafe plans to add Sylvania location

Georgio’s Cafe plans to add Sylvania location

Georgio’s Cafe International, a popular downtown restaurant serving Mediterranean cuisine for more than three decades, plans to add a second location next month in Sylvania. The new Georgio’s Grill will hit the ground running by taking over the site of another restaurant now in the process of closing — the 5th Street Pub, at 5577 […]

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Redevelopment coming to former Elder-Beerman, Sisters of Notre Dame properties

Redevelopment coming to former Elder-Beerman, Sisters of Notre Dame properties

New businesses are being proposed at currently vacant sites along Secor Road. The largest proposed development would come to the former Elder-Beerman department store location at 3301 Secor Road, which closed in July, 2018, after parent firm Bon-Ton Stores went bankrupt. The closure left a 154,000-square-foot, two-story building empty. According to Toledo Plan Commission documents, […]

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SIGNATURE HAS BEEN AWARDED THE REPRESENTATION OF 6,780 SQUARE FEET OF RETAIL SPACE IN BIRMINGHAM, MICHIGAN

SOUTHFIELD, MICHIGAN—November 18, 2019— Signature Associates has been awarded the representation of 6,780 square feet of retail space located at 670 S. Old Woodward Avenue, Birmingham, Michigan.   Angela Thomas and Erica Dunlap, the ÆRES Team of Signature Associates, are the listing brokers representing the owners, Azar and Hormoz Allzadeh. About ÆRES Team The ÆRES […]

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After years of delays, Five & Main project moving forward in Commerce Township

After years of delays, Five & Main project moving forward in Commerce Township

A Commerce Township development long in the works is moving forward as a developer has purchased more than 30 acres of land for a new lifestyle center. Birmingham-based Robert B. Aikens & Associates LLC has closed on the $4.25 million purchase of about 34 acres for the first phase of what is being referred to […]

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SIGNATURE LEASES 3,931 SQUARE FEET OF INDUSTRIAL SPACE IN BIRMINGHAM, MICHIGAN

SOUTHFIELD, MICHIGAN—November 10, 2019— Signature Associates has negotiated the lease of 3,931 square feet of industrial space located at 2450 Cole Street, Birmingham, Michigan.   Angela Thomas and Erica Dunlap, the ÆRES Team of Signature Associates, represented the tenant, Functional Fitness Group, LLC. About ÆRES Team The ÆRES Team was born in 2017 with the […]

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SIGNATURE LEASES 1,600 SQUARE FEET OF RETAIL SPACE IN BENTON HARBOR, MICHIGAN

SOUTHFIELD, MICHIGAN—November 5, 2019— Signature Associates has negotiated the lease of 1,600 square feet of retail space located at 1950 Pipestone Road, Benton Harbor, Michigan.   Angela Thomas and Erica Dunlap, the ÆRES Team of Signature Associates, represented the tenant, Ross Education, LLC. About ÆRES Team The ÆRES Team was born in 2017 with the […]

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SIGNATURE SELLS 3,307 SQUARE FOOT BUSINESS OPPORTUNITY IN MUSKEGON, MICHIGAN

MUSKEGON, MICHIGAN—November 6, 2019— Signature Associates has negotiated the sale of the C & K Convenience Store located at 1196 Shettler Road, Muskegon, Michigan.   Jim Olsen of Signature Associates represented the seller, C & K Convenience Store and the purchaser, Clems Market, LLC.   About Signature Associates Signature Associates, with offices in Southfield, Detroit, […]

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SIGNATURE SELLS 3,060 SQUARE FOOT BUSINESS OPPORTUNITY IN MUSKEGON, MICHIGAN

MUSKEGON, MICHIGAN—November 9, 2019— Signature Associates has negotiated the sale of the 3,060 square foot Dog House Saloon located at 1940 E. Laketon Avenue, Muskegon, Michigan to 1940 E. Laketon, LLC. Jamie Hughes of Signature Associates represented the seller, Dog House Saloon. About Signature Associates Signature Associates, with offices in Southfield, Detroit, Lansing, Grand Rapids, […]

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The Mall at Partridge Creek in Clinton Township Adds Four Retailers

The Mall at Partridge Creek in Clinton Township Adds Four Retailers

The Mall at Partridge Creek in Clinton Township is adding American Eagle/Aerie, Burger Fin, Detroit Axe, and lululemon to its outdoor shopping center. American Eagle/Aerie, a lifestyle clothing and accessories retailer and its lingerie sub-brand, is set to debut in the fourth quarter. The combined store will encompass about 10,800 square feet. Burger Fin, a […]

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Monroe to purchase former La-Z-Boy headquarters, plans to redevelop site

Monroe to purchase former La-Z-Boy headquarters, plans to redevelop site

La-Z-Boy Inc. has sold its former headquarters and surrounding 26 acres to the city of Monroe, which plans to demolish the buildings next year and then redevelop the area into housing and retail stores. The sale was announced Friday and is the first step by Monroe to implement a “subarea” plan developed in March. La-Z-Boy, […]

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Conversion Opportunities in Commercial Real Estate

Conversion Opportunities in Commercial Real Estate

Commercial real estate has been seeing the emerging trend of retail to warehouse spaces. These types of projects are becoming increasingly popular throughout the country because of the dramatic shift in the retail industry in recent years. Malls have been closing throughout the United States as the shopping habits of consumers have changed. In fact, […]

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SIGNATURE SELLS RESTAURANT IN KALAMAZOO, MICHIGAN

SIGNATURE SELLS RESTAURANT IN KALAMAZOO, MICHIGAN

KALAMAZOO, MICHIGAN—October 7, 2019— Signature Associates has negotiated the sale of Mitten Dogs located at 2625 Michigan Avenue, Kalamazoo, Michigan.   Jeff Chrystal and Jim Olsen of Signature Associates represented the seller, Mitten Dogs & More.  Jeff also represented the purchaser, Arabian House. About Signature Associates Signature Associates, with offices in Southfield, Detroit, Lansing, Grand […]

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SIGNATURE LEASES 7,121 SQUARE FEET OF RETAIL SPACE IN DETROIT, MICHIGAN

SOUTHFIELD, MICHIGAN—October 25, 2019— Signature Associates has negotiated the lease of 7,121 square feet of retail space located at 821 & 835 Holden Street, Detroit, Michigan.   Angela Thomas, Erica Dunlap, and Nicole Voisard of Signature Associates represented both the landlord, Recraft, LLC, and the tenant, GOBRANDS, Inc.   About Signature Associates Signature Associates (www.signatureassociates.com), […]

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SIGNATURE LEASES 3,821 SQUARE FEET OF RETAIL SPACE IN ROYAL OAK, MICHIGAN

SIGNATURE LEASES 3,821 SQUARE FEET OF RETAIL SPACE IN ROYAL OAK, MICHIGAN

SOUTHFIELD, MICHIGAN—September 17, 2019— Signature Associates has negotiated the lease of 3,821 square feet of retail space located at 13 Mile Road, Royal Oak, Michigan.   Angela Thomas, Erica Dunlap, and Nicole Voisard of Signature Associates represented the tenant, Midwest Veterinary Partners. About Signature Associates Signature Associates (www.signatureassociates.com), with offices in Southfield, Detroit, Lansing, Grand […]

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SIGNATURE SELLS 5,380 SQUARE FOOT MOTEL IN HOWARD CITY, MICHIGAN

MUSKEGON, MICHIGAN—August 27, 2019— Signature Associates has negotiated the sale of a 5,380 square foot motel located at 601 S. Ensley Street, Howard City, Michigan to L. P. Value, LLC.   Jamie Hughes of Signature Associates represented the seller, Tour Inn Motel, LLC.   About Signature Associates Signature Associates, with offices in Southfield, Detroit, Lansing, […]

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SIGNATURE LEASES 2,604 SQUARE FEET OF RETAIL SPACE IN NORTHVILLE, MICHIGAN

SIGNATURE LEASES 2,604 SQUARE FEET OF RETAIL SPACE IN NORTHVILLE, MICHIGAN

SOUTHFIELD, MICHIGAN—August 1, 2019— Signature Associates has negotiated the lease of 2,604 square feet of retail space located at 191 E. Cady Centre, Northville, Michigan.   Angela Thomas and Erica Dunlap of Signature Associates represented the tenant, Urban You, LLC, a Grand Rapids based company. About Signature Associates Signature Associates (www.signatureassociates.com), with offices in Southfield, […]

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SIGNATURE HAS BEEN AWARDED THE REPRESENTATION OF 5,344 SQUARE FEET OF RETAIL SPACE IN BIRMINGHAM, MICHIGAN

SOUTHFIELD, MICHIGAN—July 30, 2019— Signature Associates has been awarded the representation of 5,344 square feet of retail space located at 100 S. Old Woodward Avenue, Birmingham, Michigan. This is the hottest corner in Downtown Birmingham. We are excited to attract the right tenant to the space and are focusing efforts on luxury brand retailers.   […]

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Vester Square development would create shopping, dining, park campus in Ferndale

Vester Square development would create shopping, dining, park campus in Ferndale

East of downtown Ferndale, a cluster of businesses and parking lots could start to slowly morph into a multifaceted dining and shopping campus. Vester Square — a three-phase redevelopment project estimated to cost $20 million-$25 million— is making its way through Ferndale government approvals, according to city officials and a lead developer, Christian Fuller of […]

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Woodland Mall shows off $100M renovation, new Von Maur department store

Woodland Mall shows off $100M renovation, new Von Maur department store

Shoppers at Woodland Mall have plenty new to see these days. Two years after workers demolished the former Sears store that once anchored the mall, Woodland officials on Thursday showed off a $100 million renovation project that replaces the space once occupied by the iconic retailer. The new wing is anchored by a Von Maur department store, […]

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$160M Studio Park opens downtown

$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 […]

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Book Tower restoration to feature hotel, retail, office space

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 […]

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SIGNATURE SELLS 6,909 SQUARE FEET OF RETAIL IN MUSKEGON, MICHIGAN

MUSKEGON, MICHIGAN—June 20, 2019— Signature Associates has negotiated the sale of a 6,909 square foot retail building located at 2755 Peck Street, Muskegon, Michigan.   Jim Olsen of Signature Associates represented the seller, Martinus Yoo, and the purchaser, Hair Plus.   About Signature Associates Signature Associates, with offices in Southfield, Detroit, Lansing, Grand Rapids, Muskegon, […]

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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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Caledonia insurance firm coming to Studio Park will bring 400 jobs downtown

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 […]

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SIGNATURE LEASES 1,500 SQUARE FEET OF RETAIL IN MUSKEGON, MICHIGAN

MUSKEGON, MICHIGAN—May 7, 2019— Signature Associates has negotiated the lease of 1,500 square feet of retail space located at 3108 Henry Street, Muskegon, Michigan.   Jamie Hughes of Signature Associates represented the landlord, Hughes & Sons, and the tenant, Westshore Technologies, LLC.   About Signature Associates Signature Associates, with offices in Southfield, Detroit, Lansing, Grand […]

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Beaumont’s Woodward Corners tenant mix starts to take shape

Beaumont’s Woodward Corners tenant mix starts to take shape

The scent of burgers wafts through the under-construction Woodward Corners development by Beaumont Hospital in Royal Oak, and much of the forthcoming tenant mix is starting to take shape. The 122,500-square-foot commercial community is mostly uninhabited, aside from equipment, construction workers and Wahlburgers, which on Wednesday became the Woodward Avenue and 13 Mile Road retail center’s […]

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Big Boy looks to bounce back under new ownership

Big Boy looks to bounce back under new ownership

As Big Boy’s new owners aim for a comeback, the change comes in small moves — taking MSG out of seasoned salt, for example — and large ones, like paying off $34 million in debt. The Warren-based restaurant chain’s CEO led a group of local investors that bought Big Boy Restaurants International LLC last fall. […]

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Southgate aims to reinvent commercial district

Southgate aims to reinvent commercial district

In a broad effort to entice new businesses and promote economic vibrancy, Southgate city officials are working to carve out a new identity for the downriver community’s commercial district. Southgate’s downtown district, largely defined as Eureka Road between Allen Road and Fort Street and parts of Trenton and Dix Toledo roads, is slowly taking shape […]

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Ferndale approves developer deal for mixed-use parking garage project

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 […]

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Royal Oak’s Tennis & Golf Company sold out of Chapter 11

Royal Oak’s Tennis & Golf Company sold out of Chapter 11

The Tennis & Golf Company on Woodward Avenue has been purchased by two local businessmen who seek to refresh the Royal Oak fixture and add online capabilities. Founded in 1977, the specialty shop selling tennis, golf, running, and fitness equipment and clothing filed a voluntary petition for Chapter 11 bankruptcy on March 7 in the […]

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After 20 years, Paula Brown Shop on Monroe Street is closing

After 20 years, Paula Brown Shop on Monroe Street is closing

The Paula Brown Shop, a Toledo retailer that has been offering customers fine and unusual gifts for 20 years in downtown Toledo, is calling it quits. The store’s owners, Paula and Peter Brown, of Perrysburg, said they have decided to ease into retirement by closing their business. The couple plans to relax, enjoy visiting with […]

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City considers new plan for former Southwyck Shopping Center site

City considers new plan for former Southwyck Shopping Center site

After five years of trying, the city of Toledo has given up on the idea that the former Southwyck Shopping Center site on Reynolds Road might one day return to being a retail mecca. The Toledo Plan Commission on Thursday will consider a request by the city to change the zoning of the 58.5 acre site — […]

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Whole Foods sign goes up over Secor Road building

Whole Foods sign goes up over Secor Road building

It has a lease, and now Whole Foods has a sign adorning the 30,000-square-foot anchor building in the Secor Square shopping plaza at 3436 Secor Rd. Workers attached a “Whole Foods Market” sign on Tuesday to the building, suggesting an opening for the long-awaited store might occur in the next month or two. The company — a […]

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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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Mixed forecast in redevelopment of high-profile properties in Macomb County

Mixed forecast in redevelopment of high-profile properties in Macomb County

From industrial firms to retailers and from land owners to community planners, the mantra of real estate agents applies.  Location, location, location. With mixed results, some of Macomb County’s largest parcels appear destined for redevelopment. A few remain vacant with no immediate plan, while announcements and groundbreakings are on the horizon at others. Projects could […]

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Mixed-use development, $3.2 million streetscape planned for Hazel Park

Mixed-use development, $3.2 million streetscape planned for Hazel Park

As Hazel Park plots to build a downtown, a proposed mixed-use development and $3.2 million streetscape plan could help move the vision forward. A mixed-use apartment building with 33 units and 14,000 square feet of retail is planned for the site of a long vacant CVS store on John R. Road — the city’s main […]

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Roseville to host developer showcase for Utica Road corridor

Roseville to host developer showcase for Utica Road corridor

Roseville city officials on Wednesday will host a developer showcase to outline development opportunities along Utica Road, a move that could land a developer for a multi-million building project. Local developers, realtors, state and city officials have been invited to attend the showcase, along with a team of officials from the Michigan Economic Development Corporation. […]

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Could south Ann Arbor’s office district become a second downtown?

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 […]

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Lakeside Mall’s future is pondered, but Macomb’s M-59 corridor is still retail gold

Lakeside Mall’s future is pondered, but Macomb’s M-59 corridor is still retail gold

Some have had plenty of fun at the expense of Macomb County’s newest art installation in the Hall Road/M-59 median, an orange, 35-foot-tall ring recently dubbed The Halo. But the 10.5-mile road’s retail scene is no laughing matter. In fact, it’s one of the most active in the region, catering to hundreds of thousands of […]

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SIGNATURE SELLS 11,160 SQUARE FOOT HOTEL IN HART, MICHIGAN

MUSKEGON, MICHIGAN—April 19, 2019— Signature Associates has negotiated the sale of an 11,160 square foot hotel located at 4143 W Polk Road, Hart, Michigan.   Jamie Hughes of Signature Associates represented the purchaser, Cheema, LLC.   About Signature Associates Signature Associates, with offices in Southfield, Detroit, Lansing, Grand Rapids, Muskegon, Holland, Kalamazoo, Michigan and Toledo, […]

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Panera to close downtown Birmingham location, open first spot in Royal Oak

Panera to close downtown Birmingham location, open first spot in Royal Oak

Panera Bread Co. is planning to pack it up in downtown Birmingham and move to a new location in Royal Oak. The bakery-cafe will close its 100 N. Old Woodward Ave. shop “sometime in June or July” and move to the new Woodward Corners development at 13 Mile Road and Woodward Avenue headed by Beaumont […]

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Chick-fil-A to expand to Shelby Township

Chick-fil-A to expand to Shelby Township

Metro Detroiters will have one more location where they can “eat mor chikin.” Chick-fil-A Inc. is planning to open its first stand-alone location in Metro Detroit. The Shelby Township restaurant will be the Atlanta-based fast-food chain’s fifth restaurant in Metro Detroit, the company confirmed Thursday. “Chick-fil-A is always looking for new locations to continue serving our customers, […]

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Farmers Restaurant closes following Eastern Market property sale

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 […]

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Retail magnet: Birmingham to use data to pull in national, regional stores

Retail magnet: Birmingham to use data to pull in national, regional stores

Birmingham — home to a 96 percent retail occupancy rate and 60 salons — has hired a new consultant to target specific regional and national retailers to help create the right downtown mix. And luring more restaurants isn’t a priority. The city’s Birmingham Shopping District employed Bloomfield Township-based CC Consulting starting March 7 to recruit […]

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Kroger to build marketplace on site of former Kmart in Sterling Heights

Kroger to build marketplace on site of former Kmart in Sterling Heights

A Kroger Marketplace store is set to set up shop at the site of a now-closed Kmart building in Sterling Heights. There are a few permit and utility pieces that are still in motion, but demolition is ready to begin sometime this week, Rachel Hurst, corporate affairs manager at Kroger, said in an email. The […]

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Apartments, retail planned for long-vacant Lee Plaza

Apartments, retail planned for long-vacant Lee Plaza

The city of Detroit plans to sell the long-vacant Lee Plaza to a joint venture that will redevelop the historic building into 180 residential units and retail. The city announced Thursday that it has asked the Detroit City Council to approve the sale of the 1.7-acre site at 2240 W. Grand Boulevard for $350,000 to development partnership […]

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SIGNATURE SELLS 2,292 SQUARE FEET OF RETAIL IN MUSKEGON, MICHIGAN

MUSKEGON, MICHIGAN—February 21, 2019— Signature Associates has negotiated the sale of a 2,292 square foot retail building located at 1904 Peck Street Muskegon, Michigan to 1904 Peck Street Ventures, LLC.   Jim Olsen of Signature Associates represented the seller, Love Inc of Muskegon County.   About Signature Associates Signature Associates, with offices in Southfield, Detroit, […]

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SIGNATURE HAS BEEN AWARDED THE REPRESENTATION OF 79,000 SQUARE FEET OF RETAIL SPACE IN GRAND BLANC, MICHIGAN

SOUTHFIELD, MICHIGAN—January 31, 2019— Signature Associates has been awarded the representation of 79,000 square feet of retail space located at 12720-12730 Saginaw Street, Grand Blanc, Michigan.   This high profile center in the heart Grand Blanc will be significantly redeveloped and ready for occupancy in late 2019. Tremendous main road visibility across the street from […]

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SIGNATURE SELLS 3,124 SQUARE FEET OF RETAIL IN JENISON, MICHIGAN

MUSKEGON, MICHIGAN—January 31, 2019— Signature Associates has negotiated the sale of a 3,124 square foot retail building located at 294 Chicago Drive, Jenison, Michigan to Aldi, Inc.   Jamie Hughes of Signature Associates represented the seller, Cheema, LLC. Jamie previously sold this building to one of his clients 2 ½ years ago.  The lease with […]

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SIGNATURE SELLS 2,560 SQUARE FEET OF RETAIL IN GRAND HAVEN, MICHIGAN

MUSKEGON, MICHIGAN—January 31, 2019— Signature Associates has negotiated the sale of a 2,560 square foot gas station located at 10398 N. Cedar Drive, Grand Haven, Michigan.   Jamie Hughes, of Signature Associates represented the seller, Lemus, LLC, and the purchaser, North Cedar Attorney Holdings, LLC.   About Signature Associates Signature Associates, with offices in Southfield, […]

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Florida developer seeks $107.5 million payday for City Center property in Troy

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 […]

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Former Sweet Lorraine’s building sold in Southfield

Former Sweet Lorraine’s building sold in Southfield

The building that for decades housed the flagship Sweet Lorraine’s Cafe & Bar on Greenfield Road in Southfield has been sold, according to Crain’s Detroit Business. The distinctive building at 29101 Greenfield, along the border of Southfield and Berkley, has been bought by Abro Plaza Southfield LLC., Crain’s reported. The company also purchased a shopping center next door with a […]

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