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NOVI, MI-The German automotive exhaust system design firm's facility will act as North American headquarters. It will include a prototype shop and a test laboratory building.
DETROIT-Wayne State University's plans begin to bring students to live on its urban campus. The new residence hall will offer two-person rooms with private baths at $6,100 for the school year.
ANN ARBOR, MI-Reports of a move out of Ann Arbor Township are pure speculation, company officials say. The 200,000-sf Domino's Farms office complex will be redesigned instead.
ROYAL OAK, MI-This city's Downtown has a reputation as a popular nightspot, which is attracting more potential residents and developers for more projects. The newest is the 82-unit Crossings at Irving Avenue.
TOLEDO, OH-The unsecured revolving credit facility, $25 million larger than the one it replaces, will help reduce the cost of capital, says Health Care REIT chairman George L. Chapman.
DETROIT-A Downtown warehouse will become an arts and education center, says Parade Co., which also is rehabilitating an old 218,000-sf building. Its location on Mt. Elliott Road already draws 5,000 visitors a year.
DETROIT-Development of the new phases of Riverbend Plaza doesn't have enough single-family homes nearby, says Atlanta-based home improvement chain Home Depot. It is scouting other areas in the city, however.
CANTON TOWNSHIP, MI-The large project on 338 acres is expected to cost $400 million, and won't be complete until 2007. Biltmore Building Co., Ivanhoe-Huntley, Curtis Building Co. and Millcreek Building Co. are involved.
DETROIT-Joseph Nederlander's development group agrees to give up its 50-year lease of the fairgrounds and will buy 36 adjacent acres for $10.5 million. The upside on any flip would be shared with the state.
DETROIT-Although the owners of the Lofts of Rivertown enjoyed a 95% occupancy rate while it was a multifamily rental building, J&J Slavik Inc. spends another $5 million to convert it to condominiums.