AUBURN HILLS, MI-A vacant Big Boy restaurant here, one of the many closed due to financial troubles with Elias Brothers, has been purchased by Palace Sports and Entertainment.

The company is in charge of the Palace of Auburn Hills, home of the Detroit Pistons. The two-acre site will be revamped into office space for the company, says Jeff Corey, a spokesman for Palace Sports. The site also includes the University Racquet and Health Club, which will stay, Corey says.

“Over the years we’ve had many satellite offices for our personnel. We’ve grown to 300 employees in the last 10 years, and we need more space,” Corey says. Renovations will begin at the end of this year. The purchase price for the property and a prediction of renovation cost were not released

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.