Michigan
Rockefeller, IPA, to Develop 711 Units
Rockefeller Group is joining forces with Investment Property Associates (IPA) to develop two Class A apartment properties in the Phoenix… 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
10 Locations to Test Driverless Cars and Other Things
Driverless cars and other auto technology now has testing locales where more data can be collected. The U.S. Department of… 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
GM Plans $1B Investment in U.S. Plants
General Motors Co. announced it will invest $1 billion in its U.S. factories this year, and will also relocate some parts production… 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
Laredo’s Congressman on Ford’s Moves
When Ford Motor Co. announced on Jan. 4 that it would be nixing its $1.6 billion plant in San Luis… Read more
JV Invests $48M in Multifamily Value-Add Play
Origin Investments partnered up with Draper and Kramer Inc. and LEM Capital to acquire the 448-unit Village Park of Palatine… Read more
Gramercy Property Pays $521M for Industrial Portfolio
Gramercy Property Trust closed on the acquisition of a 17-property, 10.3 million-square-foot industrial portfolio for $521 million. The portfolio is… Read more
$37 Million for Value-Added Opportunity
DealPoint Merrill paid $37 million for commercial properties in Missouri, Michigan and Ohio totaling 395,237 square feet. Based in Los… 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
Cali Investor Snags QLine Retail, Plans Renovation
Detroit native Anthony Buono, managing member of 6538 Woodward Investors LLC, acquired 6538-6540 Woodward Ave. in Detroit. Buono, who is… 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
Helmut-Jahn Building to Sell for $30M
A Helmut Jahn-designed building in Evanston, IL is under contract for $30 million. The amount is three times more than… 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
JC Penney’s Smaller Sephora
After 10 years of success with its Sephora store-within-a-store concept, J.C. Penney, headquartered in Plano, TX, is testing a smaller-size… Read more