East Lansing, Mich. — Costco Wholesale Corp. has opened a 152,000-square-foot membership warehouse in East Lansing, Michigan.
Waterford Township, Mich. — Gerdom Realty & Investment has arranged the sale of a 230,500-square-foot former Sears building at Summit Place Mall in Waterford Township, 30 miles north of Detroit.
Detroit —Bedrock, Dan Gilbert’s Detroit-based commercial real estate development and investment firm, has unveiled a package of four developments totaling $2.1 billion in new investment that will add to Detroit’s skyline.
Allen Park, Mich. — Mid-America Real Estate Corp. has arranged the sale of Fairlane Green, a 95,490-square-foot shopping center located in the Detroit suburb of Allen Park.
Sterling Heights, Mich. — Time Equities Inc. (TEI) has acquired Clinton Valley Shopping Center, a 205,435-square-foot retail center located in the Detroit suburb of Sterling Heights, for $23.5 million.
Gaines Township, Mich. — Mid-America Real Estate Corp. has arranged the sale of Gaines Marketplace, a 60,576-square-foot shopping center located in the Grand Rapids suburb of Gaines Township, Michigan.
Delta Township, Mich. — Mid-America Real Estate Corp. has arranged the sale of the Marketplace at Delta Township, a 174,353-square-foot shopping center located in the Lansing suburb of Delta Township, Michigan.
Monroe, Mich. — Mid-America Real Estate Corp. has arranged the sale of Telegraph Plaza, a 141,354-square-foot shopping center located in Monroe.
Dearborn, Mich. — Ford Motor Co. has begun its Dearborn campus transformation with the groundbreaking of Wagner Place, a development featuring office and retail space.
Utica, Mich. — Mid-America Real Estate Corp. has arranged the sale of Shelby Corners in Utica, a suburb of Detroit.