Regions Midwest | Detroit
Detroit Hotel Emerges from $200M Makeover
Oct. 24, 2008
After 24 years with its doors closed, the historic Book Cadillac Detroit is set to experience a renaissance as it reemerges as the Westin Book Cadillac Detroit following a $200 million renovation.
GM Seeking $500M Bond Investment or Sale-Leaseback of Detroit HQ
Oct. 14, 2008
Less than six months after it paid off its debt on its Detroit headquarters, struggling automaker General Motors is trying to refinance the Renaissance Center or arrange a sale-leaseback to raise about $500 million.
Logistics Company Inks 720,000-SF Industrial Lease in Suburban Detroit
Oct. 10, 2008
Comprehensive Logistics Co. has signed a lease for approximately 718,700 square feet of space in Romulus, Mich., at the Northline Industrial Center, a 1 million-square-foot warehouse facility located at 38481 Huron River Dr., about 25 miles west of Detroit.
motor city casino Detroit Casino Concludes $300M Makeover
Sept. 17, 2008
Nine years after originally opening its doors, the new MotorCity Casino Hotel has officially wrapped up its three-year expansion with the completion of its 1,886-seat Sound Board Theater live performance venue.
Suburban Detroit M-F Gets Fannie Mae Financing
Sept. 12, 2008
Financing to the tune of nearly $9.4 million was recently put in place for Bainbridge Apartments, located about 30 miles from Detroit in Canton, Mich.
New $430M Detroit Airport Terminal Cleared for Debut
Sept. 05, 2008
Construction of Detroit Metropolitan Airport's new 26-gate North Terminal has wrapped up, paving the way for the project's official unveiling on September 17
Detroit Casino Completes 25,000-SF Expansion
Aug. 29, 2008
Greektown Casino in Detroit has taken another step in its $500 million permanent development endeavor with the completion of a 25,000-square-foot addition to its gaming space.
$68M Mixed-Use Redevelopment Project in Dearborn Gets Boost from State
Aug. 22, 2008
Redico Holdings L.L.C., the Southfield, Mich.-based real estate company behind the redevelopment of a former Montgomery Ward department store in East Dearborn, Mich., has gotten a monetary helping hand from the Michigan Economic Development Corp.
Chrysler to Expand Detroit Plant with 285,000-SF Addition
Aug. 15, 2008
Chrysler L.L.C. has announced that it will develop a 285,000-square-foot building at its Jefferson North Assembly Plant in Detroit as part of its planned $1.8 billion investment in new vehicle programs.
Pfizer's Plymouth Township Building Selected for New Life Science Hub
Aug. 01, 2008
The 57,500-square-foot building in Plymouth Township that was once a Pfizer laboratory is being eyed by a group of organizations--including the Michigan Economic Development Corp., Ann Arbor SPARK, the Greater Wayne Economic Development Corp. and a private foundation--for the site of the new Life Science and Innovation Center.
Vehicle Developer Finds a 37,500SF Home in Suburban Detroit
July 25, 2008
The automotive industry in Detroit may be battered but it's not beaten. U.K.-headquartered Gibbs Technologies, a globally recognized developer of high-speed vehicles for consumer and military use, has chosen a property in Auburn Hills as the home of its new North American headquarters.
Detroit Industrial Market Remains Strong
July 23, 2008
According to the Midyear 2008 National Industrial Report by Marcus & Millichap, industrial property operations in Detroit will be challenged this year, even as restructuring efforts by the Big Three automakers are beginning to ease, and the metro is projected to shed fewer positions than during each of the past two years.
62,000 SF of Industrial Space Snapped Up in Sterling Heights
July 11, 2008
The industrial property at 40675 Mound Road in Sterling Heights, about 20 miles from Detroit, Mich., has recently come under new ownership.
Commission to Consider Lavonia Mall Redevelopment Plan
July 03, 2008
With most of Livonia Mall's tenants having negotiated lease terminations, the road has been paved for a massive remake of the shopping center just outside of Detroit, Mich., and the Livonia Planning Commission intends to give the plan the once-over on July 15, according to Crain's Detroit Business.
Former GM Building to be Converted to $145M Arts College Campus
June 27, 2008
Vacated by General Motors nearly a decade ago, the 760,000-square-foot Argonaut Building in Detroit's New Center area is about to take on a new life, now that the College for Creative Studies has announced that it will spend $145 million to transform the property into a second campus.
BAE Plans 81-Acre Industrial Property Purchase in Sterling
June 20, 2008
BAE Systems has entered into an option with TRW Automotive to buy the former TRW Automotive Holdings Corp. plant in Sterling Heights, about 20 miles from Detroit, Mich.
$13M in State and Local Funds for $320M Mixed-Use Project in Troy
June 17, 2008
The City of Troy, as was recently announced by Michigan Governor Jennifer Granholm, will make use of state and local tax capture totaling $13 million to assist with the financing of Pavilions of Troy, a $320 million redevelopment project on Big Beaver Road, about 20 minutes outside of Detroit, Mich.
Greektown Bankruptcy Won't Stop Expansion
June 12, 2008
A month ago, the Sault Ste. Marie Tribe of Chippewa Indians agreed to sell a sizeable stake in its Greektown Casino in Detroit, Mich., to Entertainment Interests Group L.L.C. for $100 million.
Financial Restructuring of Michigan Casino to Cost $20 Million
June 06, 2008 - Source: Crain's Detroit Business
Greektown Casino LLC has secured a $51.3 million interim loan to pay past due and current bills owed to contractors who are doing work on its $330 million expansion.
Entire 100,000SF of Industrial Building Claimed in Livonia
June 05, 2008
The approximately 100,000-square-foot industrial building at 11800 Sears Dr. in Livonia, Mich.,  will soon become home to West Win Ltd.
Industrial Commerce Land Leases Space in Michigan
June 04, 2008
Friedman Real Estate Group Inc. negotiated the lease of 14,300 square feet of industrial space located at 12000 Merriman in Livonia, Mich., about 22 miles northwest of Detroit.
Non-Profit Takes 4,800SF at Historic Building
June 03, 2008
Pro-Literacy Detroit has decided to relocate its digs from The Fisher Building at 3011 W. Grand Blvd., to a 4,800-square-foot space in The Francis Palms Building at 2111 Woodward Avenue in Detroit, Mich.
11,500SF Flex Lease in Place in Novi
June 02, 2008
Gecom Corp. has committed to nearly 11,500 square feet of flex space at 40000 Grand River Ave. in Novi, Mich. Gecom leased the space in the 87,000-square-foot facility from Ericar Co. L.L.C. Friedman Real Estate Group Inc. orchestrated the transaction on behalf of the property owner.
Distributor Takes 16,800SF Industrial Building in Madison Heights
May 30, 2008
Warren, Mich.-headquartered Madison Electronic Co. will establish a new branch in Madison Heights now that is has signed a lease to occupy the 16,840-square-foot industrial building at 30545 Stephenson Highway, about 15 miles outside of Detroit, Mich.
Detroit Officials Near Approval on Medical Offices
May 29, 2008 - Source: Detroit Free Press
Two developers are seeking to build on the city's Tolan Field near Midtown Detroit.
 

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