Regions Midwest | Detroit
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.
Deloitte Considers Green Downtown Detroit Building
May 28, 2008 - Source: Crain's Detroit Business
The firm is considering an environmentally friendly building as a showcase, according to Crain's Detroit Business.
Storage Company Expands with 29,700SF Purchase
May 27, 2008
Storage Opportunity Partners L.L.C. has increased its portfolio of storage properties with the recent acquisition of Store-It Self Storage in Westland, Mich., just a few miles from Detroit Metropolitan Airport and about 30 miles from Detroit.
Detroit Developers Eye Children's Hospital Expansion Site
May 23, 2008 - Source: Crain's Detroit Business
The hospital hopes to purchase the five-acre tract on Tolan Field for use as a parking lot for its planned $34 million outpatient pediatric center.
Revival of West Bloomfield Shopping Center Continues with New 37,000SF Lease
May 22, 2008
A new business will show up on the tenant roster at Old Orchard shopping center in West Bloomfield, Mich., now that Plum Market has signed a lease at the 95,000-square-foot retail destination for 37,000 square feet.
Nonresidential Construction in Southeast Michigan Held Steady in 2007
May 20, 2008
The Southeast Michigan Council of Governments has concluded in its report, nonresidential development activity in Southeast Michigan 2007, that construction activity beyond the residential sector remained steady last year.
Children's Hospital of Michigan Plans $34 Million Pediatric Outpatient Center
May 16, 2008 - Source: Crain's Detroit Business
The hospital hopes to ease overcrowding and simplify family visits.
Gaming Board May Force Casino Sale
May 14, 2008 - Source: Crain's Detroit Business
The Michigan Gaming Control Board has set a June 10 date to decide on the forced sale of Greektown Casino, which hasn't been performing up to expectations.
Automotive Company to Expand Livonia HQ by 94,000SF
May 13, 2008
TRW Automotive has announced plans to expand its North American headquarters in Livonia, Mich., at a cost of $14.2 million.
 

Comprehensive Detroit Real Estate Market Analysis


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