Multifamily news in Operations - Detroit

  • Greystone Enters Michigan Market with New JV

    The new joint venture with Commercial Property Advisors will focus on providing multifamily advisory services for clients in Michigan. Cary Belovicz will lead the new organization as an executive managing director.

  • Detroit’s Demolition Program Now Has an Online Tracker Map

    Residents can find out which vacant houses have been brought down and which are under contract for demolition.

  • Expansion of Michigan’s Only Furniture Showing Progress

    Back in October 2014 IKEA announced plans to consolidate its presence in Michigan area by expanding its 311,000-square-foot store in Canton Township, the company’s only furniture store in the state of Michigan.

  • $148 Million Lightweight Research Center Opens in Detroit

    A new innovation center officially opened in Corktown on January 15, marking another big step forward in Detroit’s drive to become a technology hub and lure back its lost manufacturing jobs.

  • Three Detroit-area Companies Receive MEDC Incentives, Expected to Invest $10.8 Million in the Region

    he Michigan Economic Development Company (MEDC) announced last week that it has awarded $1.06 million in Business Development and Community Revitalization program incentives to three Detroit-area companies that plan to expand in the Southeast Michigan.

  • Detroit’s Quicken Loans Is the No. 1 Place to Work in IT

    Computerworld, an online publication that provides technology news and information for information technology leaders, has recently revealed its annual “100 Best Places to Work in IT” list, a comprehensive report that recognizes a company’s core culture such as employee benefits, diversity, career development, training options and retention efforts.

  • U-M to Add More Biotech Research Space at Ann Arbor Site

    The University of Michigan (U-M) Board of Regents recently approved a $17.5 million expansion project that would add more research space to its North Campus Research Complex (NCRC) which is located at 2800 Plymouth Road in Ann Arbor.

  • 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 & Product Prototyping, and Manufacturing [...]

  • 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 state—a budget proposal from Gov. Rick Snyder that is yet to be approved—while the remaining $63 million will come from a combination of private donations and debt collections.

  • 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 investment companies in Dan Gilbert’s portfolio.

  • Foreclosed Hotel Pontchartrain Has New Owner

    By Veronica Grecu, Associate Editor Gabriel Ruiz, a Mexico-based developer and hotel investor, has purchased the Pontchartrain Hotel located at 2 Washington Blvd., across the street from Cobo Center and 150 West Jefferson. Though the sale price is still unknown, an [...]

  • LEED-Certified Fairlane Green Changes Hands for $47 M

    By Veronica Grecu, Associate Editor Phoenix, AZ-based Cole Real Estate Investments recently paid $47 million for a 270,000-square-foot retail power center located in a historically strong corridor in Allen Park, south of Detroit. Opened in 2005, the retail center is almost [...]

  • Abandoned Brewster-Douglass Site Could Be Replaced by New Housing and Retail

    By Veronica Grecu, Associate Editor Detroit seems to have engaged in a race to tear down or repurpose all of its decaying buildings that point to the city’s economic distress. Motown’s rebirth is no longer just an abstract concept but a [...]

  • Sad but True: Detroit’s Historic Packard Plant Could Be Demolished

    By Veronica Grecu, Associate Editor The Packard Automotive Plant, Detroit’s former high-end automobile manufacturing company and currently a symbol of the city’s decay, could be demolished in less than a month, if the plant’s owner and city officials come to an [...]

  • DMC Plans $50 Million Outpatient Facility in Royal Oak

    By Veronica Grecu, Associate Editor A new Detroit Medical Center (DMC) outpatient facility could soon replace a vacant plot in the south end part of Royal Oak, near Interstate 696 and Woodward. DMC and parent company Vanguard Health Systems Inc. want [...]