Detroit
Ramco-Gershenson Acquires Four, Sells Two
DEAL-WRAP FARMINGTON HILLS, MI-The locally-based REIT bought four shopping centers in Colorado, Missouri and Wisconsin for $105 million, and sold two in Florida for $5.4 million. FULL STORY
Detroit to Break Ground on Gateway Marketplace Shopping Center
SummaryDETROIT-For the second time in a week, Detroit will break ground on a new retail project. FULL STORY
Triple Properties Acquires Penobscot Building
DETROIT-Triple Properties, a real estate firm based in Toronto, has acquired Penobscot Building, a 47-story office tower in downtown Detroit. FULL STORY
Payless Parent Agrees to $2B Sale
TOPEKA, KS-The company will be split into two groups in a joint purchase by Worldwide Wolverine, Blum Capital and Golden Gate. FULL STORY
Chrysler Leases First Office in Detroit
DETROIT-The automaker, based in the far Auburn Hills suburb, is leasing 33,000 square feet in the Rock Financial-owned Dime Building, another example of a major firm moving downtown. FULL STORY
Whirlpool Set to Open its Benton Harbor Office Campus
BENTON HARBOR, MI-Whirlpool, a home appliance maker, will officially open its new office campus in Michigan's Benton Harbor. FULL STORY
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May Issue
TRENDING: #RetailRebound
Same-store sales are improving and retailers are expanding again. Occupancies and rents are up. So are transaction
volumes and sales prices. All this has pushed the sector to the forefront of investment conversations.
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BEIJING-Dalian Wanda’s buy of Kansas City, MO-based AMC creates the world’s largest theater chain, with 432 locations in North America and China.
