City: Detroit

April 1, 2003 Atlanta-based Wells Real Estate Investment Trust has purchased 150 W. Jefferson, a 505,417-square-foot office building in downtown Detroit for $93.75 million.Wells paid cash for the Class-A building and closed the transaction in 15 business days.150 W. Jefferson ...

April 1, 2003 Wells Real Estate Investment Trust acquired 150 W. Jefferson in Detroit from Max Capital Management Corp., which bought the 505,000-square-foot office building only four months ago.As reported, Wells paid $93.75 million in cash for the fully leased ...

March 27, 2003 Detroit Free PressDetroit Renaissance, the high-powered group of local chief executives, voted Wednesday to raise $25 million in corporate contributions to help fund four major Detroit development efforts. The developments are: a three-mile river walk along the ...

March 25, 2003 Detroit Free PressGroundbreaking for Merchants Row in downtown Detroit is set for Wednesday. The project will transform eight abandoned properties on Woodward Avenue at Grand River into 157 loft apartments, shops and parking.

March 24, 2003 Trizec Properties Inc. (NYSE:TRZ) has sold three office properties in Arlington, Va., Lanham, Md., and Detroit for a total of $90 million.Trizec sold Rosslyn Gateway in Arlington, Goddard Corporate Park in Lanham and New Center One in ...

March 19, 2003 Detroit NewsPhoenix Theatres, the 10-screen startup movie house on Detroit's northeast side, plans to take over operations of the nine-screen United Artists West River cineplex in Farmington Hills, Mich. At the same time, Phoenix is scouting for ...

January 8, 2003 New Plan Excel Realty Trust Inc. (NYSE:NXL) has paid $46 million in cash for a portfolio of seven grocery-anchored shopping centers in suburban Detroit and Grand Rapids, Mich.The portfolio totals 534,000 square feet and is 99 percent ...

September 10, 2002 HOWELL, Mich. – Tanger Factory Outlet Centers Inc. (NYSE:SKT) has paid $37.5 million for the Kensington Valley Factory Shops, a shopping center about 40 miles outside of Detroit.The REIT plans to rename the 325,000-square-foot property Tanger Outlet ...

August 23, 2002 Max Capital Management, which last month agreed to buy a massive portfolio of office buildings from Credit Suisse First Boston, has scaled back its purchase.News that the New York investment firm decided to forego two of the ...