Natalie Keith
FARMINGTON HILLS, MI-Two developers have established a$250-million private equity fund and are planning to acquire $1billion in retail properties during the next three to fiveyears.
Joint venture partner Daniel Stern tells GlobeSt.com thatFarmington Hills-based Grand Sakwa Properties Inc. and WestBloomfield-based Lormax Stern Development Co. have been partners inindividual retail properties for more than 10 years. "We decided topool our resources and strengths for this particular fund," hesays.
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