Detroit
Lansing Mayor: Think of the Children for $245M Casino
LANSING, MI-In an address Monday night, Mayor Virg Bernero exhorted critics of the downtown casino plan to examine the revenue possibilities for the capital city.
Gilbert Keeps Up Detroit Buying with Fed Reserve Building
DETROIT-After Quicken Loans moved downtown last year, chairman Dan Gilbert hasnt wasted time in his promise to invest here, buying up nine properties with redevelopment plans.
Habitat Buys Two MF Complexes for $86M
ANN ARBOR, MI-Home to the University of Michigan, Ann Arbor has led the Detroit area multifamily market, with two properties recently garnering more than $41 million each.
TROY, MI-The bank will lease almost 100,000 square feet in the 745,000-square-foot complex, in a city that plummeted as the top office market in Michigan. Plus more Midwest news.
Taubman Completes $560M Buy of Three Centers
BLOOMFIELD HILLS, MI-The mall owner/developer sought to buy core properties as Evanston, IL-based Davis Street cut its ownership almost in half.
Gilbert Buys Three More Detroit Buildings
DETROIT-Rock Ventures Dan Gilbert can be labeled as Detroits Man of the Year, as he will close 2011 having purchased about 1.8 million square feet downtown with plans for it all.
WEST BLOOMFIELD, MI-NorthMarq Capital has secured $70 million in refinancing for the Aldingbrooke Apartments project in West Bloomfield, Michigan.
Ford Gains Incentive for 4M-SF Plant Redevelopment
WIXOM, MI-The automaker is remaking its closed Wixom Assembly Plant into a renewable energy park, including a $237 million investment by Townsend Energy Solutions.
Detroit Schools Move Opens More Vacant Office
DETROIT-The large district is moving out of most of its leased private office space in four downtown buildings, vacating almost 100,000 square feet from Farbman Group sites.
Compatriot Launches $1B Acquisition Plan With Stake in Village Green
DALLAS-The locally based Sammons Enterprises subsidiary plans to make more entry-level investments in other real estate operating companies.
DETROIT-A plan to convert the empty David Whitney Building into apartments, retail and a boutique hotel is moving forward.
HOWELL, MI-Blue Ash-based Viking Partners Fund I LLC has bought Crossroads Town Center, a shopping center comprising more than 95,600 square feet of space in Howell, Michigan, for an undisclosed price.
New Hard Rock Announced for $410M Casino Hotel
NEW BUFFALO, MI-The Pokagon Band of Potawatomi Indians is building a new nine-story hotel addition and event center, and will add a 12,000-square-foot Hard Rock to this tourist area.
Detroit-Area Mall Gains $51M Refinance
ROCHESTER HILLS, MI-The 375,000-square-foot Village of Rochester Hills, one of the first indoor malls transformed into an outdoor center, is still successful at 98% occupied.
Motown Plans Show of $53M Redo of Broderick Tower
DETROIT-The development group in charge of the apartment-office redo of the former office tower plans to show off some of the floor plans and views on Nov. 5.
Ilitch Hires Larson for Downtown Development
DETROIT-Little Caesars pizza magnate Mike Ilitch is bringing on Eric Larson, CEO of Larson Realty Group, as a consultant to head development plans for the companys downtown property.
Taubman Posts Impressive 11.7% Sales Jump
BLOOMFIELD HILLS, MI-The mall REIT said in a third quarter conference call Friday that it is working on a handful of new developments in the United States and China.
Trigild Hires On to Sell Troubled Traverse Mall
TRAVERSE CITY, MI-General Growth turned the 590,000-square-foot mall in this tourist town back to its lender earlier this year.
6 Questions for JLLs Angela Roseboro
CHICAGO-The mega-firms chief diversity officer talks with GlobeSt.coms Robert Carr about how women and minorities are faring in the commercial real estate workforce.
WMU Selects KDC for $60M Campus Redo
KALAMAZOO, MI-Plans for the 35 acres of an old portion of Western Michigan University include possibilities such as a boutique hotel, conference center, apartments and condos.
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Events
Look out for the full 2012 RealShare Conference Series schedule--COMING SOON!
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Upcoming Conferences
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RealShare APARTMENTS EAST
Multifamily's most influential and knowledgeable executives share their insights and outlooks for the marketplace at our upcoming first annual RealShare APARTMENTS EAST conference!
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Upcoming Conferences
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Webinars
Charging the Hill: Commercial Real Estate and the 2012 Congressional Agenda
December 07
Critical issues impacting commercial real estate are coming up on the 2012 Congressional calendar, and their outcome collectively will impact all practitioners in this space. Top executives who know their way around Capitol Hill will share their thoughts on the direction this industry could take at the hands of our elected officials.
Upcoming Webinars
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Protect Your Portfolio From Seismic Risk
This video webinar, presented by GlobeSt.com Thought Leader Partner Engineering and Science, Inc., will give commercial real estate investors a thorough overview of seismic Probable Maximum Loss Reports (PMLs). These reports are especially important for those investing in real estate in areas that are at risk for earthquake damage.
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User's Choice
WASHINGTON, DC-A forthcoming report from Delta Associates shows that distressed commercial real estate in the United States totaled $166.9 billion in January 2012, down $4.7 billion since October 2011.





