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DETROIT-Can the 77-year-old behemoth be transformed into a modern luxury hotel, ask real estate experts, and if hotel room demand is deadly slow now, why build another one?
ANN ARBOR, MI-Private donations totaling $35 million have kicked off a fund-raising drive at UM to cover $88 million in construction costs to build new and expanded facilities for the university's engineering department.
COMMERCE TOWNSHIP, MI-A popular area sees medium-priced condominiums going up; Trillium Park's 320 attached living units are cheaper and more cost-effective than apartment living, says the builder.
HIGHLAND TOWNSHIP, MI-A new mixed-use project on a former gravel mine, which promises to bring up-market houses and other development, is stuck at impasse with township officials.
DETROIT-While indicators are only slightly changed, the economy is still crushing the market, compared with last year's third quarter numbers, say analysts.
DETROIT-The City of Detroit is seeking Renaissance Zone tax-free status for several high-profile properties within its borders: Campus Martius, RenCen, Clark Street and Book-Cadillac properties, all of which have been slow to thrive on their own.
DETROIT-Sales, leasing, jobs and construction are down sharply from the second quarter, says a CB Richard Ellis market report. However, so is construction, keeping vacancy and lease rates steady.
DETROIT-State and local loans will help the 84-year-old office building, which housed the headquarters of the company that later became Kmart, become 119 multifamily rental units with retail space on the bottom floors.
LANSING, MI-The new rules are designed to encourage renovation of aging buildings and reduce urban blight. Previously, owners and developers were forced to rehabilitate aging buildings to new construction standards.