City: Detroit

December 3, 2004 Ramco-Gershenson Properties Trust (NYSE:RPT) has agreed to pay $128 million for two Michigan shopping centers with 671,000 square feet. The Farmington Hills, Mich., retail REIT is assuming $72.1 million of existing debt on the properties and will ...

November 30, 2004 Detroit NewsSeveral new development projects have been planned for downtown Birmingham, Mich., including hotel, office, residential and retail space. Developer Mark Papajian plans to replace a closed Sunoco station with a 105-room Hilton hotel, 15 apartments, a ...

November 18, 2004 Detroit NewsMich. Development officials have lost the battle to keep Kmart Holdings Corp.'s headquarters in Troy now that the discount retailer plans a merger with Sears, Roebuck and Co. The combined company, Sears Holding Corp., plans to ...

November 12, 2004 Detroit NewsTwo new open-air shopping centers totaling $165 million are under development in Allen Park, Mich. In August, a joint venture between Mich. companies Lormax Stern Development Co. LLC and REDICO, a full service real estate firm, ...

November 1, 2004 Detroit NewsA team of developers, including Taubman Centers Inc., plans to spend $600 million to create a mall and residential community in Clinton Township, a Detroit suburb. The approximately 580,000 square foot outdoor shopping mall, to be ...

October 6, 2004 Detroit Free PressThe City of Detroit is seeking a developer to renovate the abandoned Lafayette Building in downtown at 132 W. Lafayette. The 14-story, 234,000-square-foot structure, abandoned about a decade ago, was built in 1923. A variety ...

September 30, 2004 Detroit Free PressTwo Kmart stores, in Rochester Hills and Woodhaven, Mich., will be sold to Sears, Roebuck & Co. as part of the portfolio Kmart sold to Sears for $575.9 million. The Rochester Hills store is considered ...

August 18, 2004 Detroit NewsLord & Taylor has dropped its plans to build a two-story, 140,000-square-foot store at the Oakland Mall in Troy, Mich. Construction on the anchor store had been delayed since January when the mall was to begin ...

August 6, 2004 Wells Real Estate Investment Trust Inc. paid $29.6 million for 1075 West Entrance Drive, the 210,000-square-foot office building in Auburn Hills, Mich., that it bought last month.The Atlanta REIT assumed the property's $14.5 million mortgage, which carries ...

August 5, 2004 Detroit NewsAn $80 million renovation project for the downtown Detroit area of Brush Park calls for converting the former Carlton Hotel into 49 loft-style condominiums, as well as building more condos, a parking garage and one or ...