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Michigan to Auction 140 State Properties

Michigan to Auction 140 State Properties

By Veronica Grecu, Associate Editor The Michigan Department of Natural Resources (DNR) and the Michigan Land Bank Fast Track Authority (MLB) jointly announced the sale of 140 properties located throughout the state—but primarily in northern Michigan—in a sealed-bid auction that started on June 20.  Comprising more than 2,400 acres, the…

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Michigan, Canada Officials Announce New Detroit-Windsor Bridge

Michigan, Canada Officials Announce New Detroit-Windsor Bridge

By Veronica Grecu, Associate Editor On June 15 Michigan Gov. Rick Snyder and Canadian Prime Minister Stephen Harper announced plans for a new bridge linking Detroit and Windsor, Ontario. First proposed nearly ten years ago, work on the new six-lane bridge could start in 2013 or 2014 and it would…

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Renovation Spree Hits Detroit Area Masonic and Hindu Temples

Renovation Spree Hits Detroit Area Masonic and Hindu Temples

By Veronica Grecu, Associate Editor The Detroit Masonic Temple in the lower Midtown area and several blighted properties in the surrounding area could embark on a $38 million renovation project. According to The Detroit News, a team of state and local brokers is currently establishing the financial aspects of the…

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MGM Grand Detroit Casino to Be Redeveloped as Detroit Public Safety Headquarters

MGM Grand Detroit Casino to Be Redeveloped as Detroit Public Safety Headquarters

By Veronica Grecu, Associate Editor During an official ceremony held last week at the former MGM Grand Detroit Casino building, Mayor Dave Bing and Police Chief Ralph Godbee broke ground on the new public safety headquarters for Detroit’s police and fire departments. Built by Las Vegas-based MGM MIRAGE and local…

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Maxitrol Announces $3 Million Expansion Plans

Maxitrol Announces $3 Million Expansion Plans

By Veronica Grecu, Associate Editor Maxitrol, a Southfield, MI-based manufacturer of natural gas control systems, announced plans to renovate and expand its corporate headquarters at 23555 Telegraph Road, where the company has 55 employees. Currently, Maxitrol occupies an eight-plus acre site that includes the company’s Administrative, Sales, Customer Service, Tooling…

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Henry Ford Moves Forward with 300-Acre Expansion in New Center Area

Henry Ford Moves Forward with 300-Acre Expansion in New Center Area

By Veronica Grecu, Associate Editor Henry Ford Health System plans to expand with a new medical facility in the New Center area of Detroit. According to The Detroit News, this project is part of an older initiative that the hospital officials announced two years ago, which called for a multi-million dollar…

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New Upscale Retirement Village Coming to Grosse Pointe Woods

New Upscale Retirement Village Coming to Grosse Pointe Woods

By Veronica Grecu, Associate Editor Work on The Rivers of Grosse Pointe Continuing Care Retirement Community (CCRC) could begin in a few weeks on the site that once housed the Children’s Home of Detroit. According to Patch.com, the project, which is being developed by the owners of Riverview Health and…

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Iconic Penobscot Building Sold to Canada’s Triple Properties

Iconic Penobscot Building Sold to Canada’s Triple Properties

The foreclosed Penobscot Building located in the heart of Detroit’s Financial District was sold for an estimated price of approximately $5 million to Triple Properties, a Canada-based real estate investment company that also owns the Silverdome in Pontiac. The 47-story Art Deco building was designed by architect Wirt C. Rowland…

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Detroit Recovery Continues with Approval of Four New Projects

Detroit Recovery Continues with Approval of Four New Projects

Over the last months Detroit’s recovery effort has become more visible and the four renovation and redevelopment projects approved at the end of April show that the City is not that far from becoming the hot spot for investments.…

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Old Garden Theater Brought to Life by $12M Redevelopment Project

Old Garden Theater Brought to Life by $12M Redevelopment Project

One of Detroit’s first neighborhood theaters, the historic Garden Theater built in 1912 by famed architect C. Howard Crane, has embarked on a multi-million redevelopment program, reports The Huffington Post.…

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Wayne State University to Build $93 Million Biomedical Research Center

Wayne State University to Build $93 Million Biomedical Research Center

Wayne State University (WSU) is about to break ground on one of the largest development projects in its almost 150-year history. The university plans to create a 200,000-square-foot biomedical research center in Midtown Detroit and, in order to complete the project, hopes to attract a $30 million grant from the…

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Twitter Opens Small Office in Detroit’s Tech Corridor

Twitter Opens Small Office in Detroit’s Tech Corridor

Lured by the proximity to car companies and their generous advertising budgets, social media giant Twitter has decided to open a small-sized office in Detroit. The San Francisco-based tech company has selected the historic M@dison Building, a former theater now owned by Rock Ventures LLC, one of the real estate…

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