Michigan
Detroit Launches Largest Resi Dev Effort in Two Decades
The first phase of a large-scale multifamily development in Detroit’s 50-block District Detroit redevelopment project is moving forward. The $160-million… Read more
Maserati Steers U.S. HQ to Detroit
Fiat Chrysler Automobiles (FCA) plans to relocate the U.S. HQ of Maserati to the now shuttered Walter P. Chrysler Museum… Read more
Property Values Remain Below 2008 Levels in Many Michigan Cities
Property values are lagging throughout the state of Michigan. More than 1.4 million people – one in seven residents –… Read more
Brixmor Shells Out $102M for Arborland Center
Brixmor Property Group Inc. in New York City acquired the 404,000-square-foot, Kroger-anchored Arborland, a regional shopping center in Ann Arbor,… Read more
Beaumont Gets Green Light for 183K-SF MXU
Beaumont Health received permission from the Royal Oak, MI city commission to move ahead on a 183,000-square-foot, mixed-use center at… Read more
Some Businesses Unhappy with $4.5B Bridge
The planned Gordie Howe International Bridge will link Windsor, ON with Detroit, MI. But, the Michigan Department of Transportation’s efforts… Read more
Family Christian Stores Closing Down
Family Christian LLC, a faith-based retail company headquartered in Grand Rapids, MI, is shutting down. This means that 240 locations… Read more
Walmart’s $51 Million Dollar E-Commerce Purchase
Walmart has reportedly purchased Michigan-based outdoor retailer Moosejaw. Moosejaw was founded in 1992, and has 10 stores, but is experiencing… Read more
Wayne County Jail Swap Under Consideration
Billionaire businessman Dan Gilbert’s company, Rock Ventures LLC, submitted a proposal to Wayne County, MI to build a 1,600-bed county… Read more
Microsoft Makes Move to Downtown Detroit
Microsoft Corp. will be moving its Michigan Microsoft Technology Center (MTC) to downtown Detroit in early 2018. The technology giant… Read more
Bedrock Nabs Detroit Free Press Building, Plans Renovation
Bedrock LLC, owned by billionaire Dan Gilbert, acquired the long-vacant Detroit Free Press building at 321 W. Lafayette Blvd. The… Read more
Construction on Packard Plant Slated for Spring
Arte Express Detroit LLC, the Detroit, MI-based holding company of Peruvian developer Fernando Palazuelo, has targeted this spring to launch… Read more
Troubled Parking Garage Sells to Australian Buyer
The Pontiac, MI city council recently voted unanimously to sell the downtown Phoenix Center parking garage to Australian software company BoonEx.… Read more
Michigan Suburbs Thinking Like Developers
Troy, MI, along with Royal Oak, Northville, Warren, Commerce Township and other suburbs, are starting to reconsider what their areas… Read more
Adient Targets Marquette Building for HQ
Adient Ltd. will buy downtown Detroit’s 164,000-square-foot Marquette Building for its new global headquarters. The company will spend upwards of… Read more
GFI Capital Pays $26M for Hilton Garden Inn
GFI Capital Resources Group Inc. has purchased the 198-room, 10-story Hilton Garden Inn in downtown Detroit. The New York hotel developer… Read more
Detroit Motoring Once Again
While its Midwest neighbors in Chicago and Cleveland are playing in the World Series, Detroit is ‘motoring’ to a different… Read more
Beaumont Hospital Launches $160M Expansion
Beaumont Hospital of Farmington Hills, MI, began its $160 million expansion. The plans call for more than 210,000 square feet… Read more
Comerica to Close 16 Michigan Branches
Comerica Inc. announced it would close 16 branches throughout Michigan over the next six months. The move is part of… Read more