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JACKSON, MI-The upscale department store chain must generate cash to pay creditors in bankruptcy. That makes 23 properties ranging from 30,000 sf to 230,000 sf available through Hilco Real Estate of Northbrook, IL.
ANN ARBOR, MI-Money would be raised in a capital campaign to pay for new support center, stadiums and gymnasiums, school officials say. Plans have been in the talking stages for the past year.
AUBURN HILLS, MI-The new 60,000-sf building is constructed as part of a $70-million capital campaign from Metro Detroit YMCA. The campaign is building 443,000 sf of facilities.
DETROIT-Two of three casinos will move their operations to new locations in Downtown, while MotorCity will expand at its current site. The deal gives the city $102 million over the next two years.
DETROIT-Area warehouse, manufacturing and R&D space is moving forward, brokers say, but lease rates for signed deals are off as much as 20% from asking prices.
DETROIT-A team spokeswoman confirms that the Detroit Lions are negotiating with developers for proposals to fill 1.3 million sf of space, including a 250-room hotel or retail uses.
SOUTHFIELD, MI-A 97,000-sf building doubles space of the current facility when it opens, tentatively scheduled for July 2003. The building itself costs $26 million; furnishings and design work add up to more than $10 million.
DETROIT-The casino firm changes plans, switching to a 25-acre Detroit Edison site next to the Lodge and I-75 freeways, abandoning a bid for the state-owned Michigan Executive Plaza. Meanwhile, three Downtown casinos await today's city council expansion decision.
DETROIT-Dollar spent on commercial real estate construction drop to $411 during June, following a 35% drop during all of 2001, reports the F.W. Dodge Division of the McGraw-Hill Cos.
DEARBORN, MI-In a makeover that has been estimated at $10 million, rooms at the respected suburban hotel will under renovations, another restaurant will be added and business service training will be provided to local firms.