Signature Associates

Posted By: CoStar on November 14, 2024.  For more information, please click here to read the source article. Just over 2.2 million square feet of Detroit office space is on the market for subleasing after pulling back 19% from the all-time high reached during the third quarter of 2023. The amount of sublet space has risen above 2 […]

Posted By: DBUSINESS on October 30, 2024.  For more information, please click here to read the source article. The historic Fox Theatre in downtown Detroit, designed by C. Howard Crane and opened in 1928, recently completed multiple upgrades including the replacement of more than 5,000 guest seats and a new wayfinding system, similar to the Portal entry system […]

Posted By: REJournals on October 4, 2024.  For more information, please click here to read the source article. How resilient has the Detroit-area industrial market been? Its fundamentals are strong enough to allow it to weather the challenges that come with high interest rates and construction costs. And one professional working this market said that this resilience bodes […]

Posted By: Detroit News on October 2, 2024.  For more information, please click here to read the source article. The Detroit News is looking for a new home after being recently notified by its building owner that it will need to leave its space in the former Federal Reserve building by the end of the year. The business […]

Posted By: REjournals on September 5, 2024.  For more information, please click here to read the source article. It wouldn’t be accurate to call the Detroit multifamily market a booming one. Yes, demand from renters remains strong. But multifamily investment sales are sluggish thanks to higher interest rates. And while monthly rents continue to rise on a year-over-year […]

Posted By: REjournals on August 14, 2024.  For more information, please click here to read the source article. It wasn’t too long ago that the news coming out of Detroit was always negative. Today, though? There’s plenty of positivity surrounding Detroit, its suburbs and the region’s commercial real estate market. That’s largely because the Detroit real estate market […]

Posted By: The Detroit News on June 5, 2024.  For more information, please click here to read the source article. Bedrock has added another downtown building to its portfolio — this one connected to General Motors Co.’s Renaissance Center, now under review with Bedrock for its next iteration. Mortgage mogul Dan Gilbert’s real estate management said Wednesday it […]

Posted By: Detroit Free Press on May 20, 2024.  For more information, please click here to read the source article. Michigan Central Station is weeks away from welcoming the public with open houses of the iconic building shining starting June 7. The long-abandoned train station, which was nearly demolished in 2009, became a national symbol of Detroit’s disrepair before undergoing […]

Posted By: The Detroit News on May 29, 2024.  For more information, please click here to read the source article. Dan Gilbert said he and other business and government leaders are still in “brainstorming mode” for what to do with downtown Detroit’s Renaissance Center, the General Motors Co. global headquarters that the automaker will vacate next year. “I […]

Posted By: The Detroit Free Press on May 28, 2024.  For more information, please click here to read the source article. For the first time in 50 years, the noncommercial Coleman A. Young International Airport (KDET) is expecting major revitalization efforts to fly in soon. Last year, the city of Detroit obtained approval from the Federal Aviation Administration […]

Posted By: The Detroit News on April 16, 2024.  For more information, please click here to read the source article. Detroit Public TV has a new name and in the near future will have a new home address. The public broadcasting station has officially changed its name to Detroit PBS and plans to move from its headquarters in […]

Posted By: CoStar on February 26, 2024.  For more information, please click here to read the source article. Signature Associates’ Joe Hamway and Greg Hudas are proud to be the leasing team for Eastland Commerce Center mentioned in this article.  Contact them for leasing details.   The industrial building boom that began in 2020, spurred by a surge […]

Posted By: The Detroit News on February 2, 2024.  For more information, please click here to read the source article. Despite elevated interest rates posing challenges for Detroit’s mortgage and auto manufacturing industries, the city is expected to see economic growth pick up later this year and continue at a steady pace for the next few years, University […]

Posted By: The Detroit News/Detroit Region Aerotropolis on December 18, 2023.  For more information, please click here to read the source article. The City of Romulus, Michigan is thrilled to announce a significant advancement in aviation technology with the expansion of drone-accessible airspace near the Detroit Metropolitan Airport (DTW). This development, made possible through changes implemented by the […]

Posted By: The Detroit News on November 7, 2023.  For more information, please click here to read the source article.   Nearly a year after closing its space in Midtown, WeWork has filed for Chapter 11 bankruptcy, with documents showing that owes its former landlord the Platform $5.1 million in lease termination fees. The Detroit-based developer is among […]

Posted By: REjournals on October 20, 2023.  For more information, please click here to read the source article. More of the same struggles. That’s what the Detroit market is facing in its office sector. According to the third quarter office report released by Newmark, the Detroit metropolitan area office vacancy rate climbed 50 basis points during the quarter to […]

Posted By: DBUSINESS on October 24, 2023.  For more information, please click here to read the source article. A new mixed-use apartment building will break ground shortly at Second Avenue and Brainard Street in Midtown Detroit that will offer 57 apartments and 3,500 square feet of commercial space. The total cost of the project was not disclosed. Built […]

Posted By: The Detroit News on October 25, 2023.  For more information, please click here to read the source article. A Detroit-based retail shop known for its watchmaking is expanding to Grand Rapids next month. Shinola will open its 22nd U.S. retail location on Monroe Center Street NW in downtown Grand Rapids in November after a decade of […]

Posted By: DBUSINESS on August 31, 2023.  For more information, please click here to read the source article. Three metro Detroit business leaders have opened an American Freight store in Clinton Township. The store features affordable home furnishings such as furniture, mattresses, appliances, and accents. Located at 37055 South Groesbeck Hwy. (near Metro Parkway or 16 Mile Road), […]

Posted By: The Detroit News on September 12, 2023.  For more information, please click here to read the source article. Detroit-based Greatwater Opportunity Capital shared its plans Tuesday for a new mixed-use development in the city’s Midtown neighborhood. The $14 million project at 3740 Second Ave. is the first new construction project for the firm, which has redeveloped […]

Signature Associates’ Brad Viergever and Chris Calvano are proud to have been a part of this deal.   Posted By: Detroit Free Press on July 25, 2023.  For more information, please click here to read the source article. A Bill Gates-backed startup is eying land in Detroit near the demolished Southwestern High School as a possible location for a factory […]

Posted By: The Detroit News on July 19, 2023.  For more information, please click here to read the source article. At the Marko Law office downtown, attorneys are settling into their new office space. The lobby is prepped to receive a Detroit-themed mural and a conference room awaits a Spanish woodworker’s large table top that will be delivered […]

Posted By: The Detroit News on July 10, 2023.  For more information, please click here to read the source article. Target Corp. intends to open a supply chain facility in Detroit on the site of the former Michigan State Fairgrounds in an area where a historic building recently was razed, the retailer confirmed Monday. The facility will be […]

Posted By: The Detroit News on June 26, 2023.  For more information, please click here to read the source article. Mayor Mike Duggan on Wednesday will introduce a new effort to turn vacant Detroit land into solar farms to power city buildings. The initiative requires vacant land upwards of 20 acres — equivalent to 20 football fields — […]

Posted By: DBUSINESS on May 18, 2023.  For more information, please click here to read the source article. Fifty years ago, downtown Detroit staked its economic revitalization to the Renaissance Center. It was a stretch project if ever there was one — a $357-million Hail Mary that Henry Ford II, then chairman and CEO of Ford Motor Co., […]

Posted By: mlive on May 20, 2023.  For more information, please click here to read the source article. A Grand Rapids-based tech firm, whose online app is designed to help stockholders claim company gifts and perks, has received a $510,000 state grant if it creates up to 73 jobs over the next three years.  TiiCKER, which has offices […]

Posted By: The Detroit News on April 26, 2023.  For more information, please click here to read the source article. Sterling Group, developer of the high-rise apartment complex that’s taking shape on the site of the former Joe Louis Arena, released new details about the project Wednesday as it prepares to begin pre-leasing this summer. The Residences at […]

Posted By: The Detroit News on April 9, 2023.  For more information, please click here to read the source article. The idea that would eventually become a business valued at more than $1 billion first struck Mujeeb Ijaz in the early days of the coronavirus pandemic when he — like many people — was spending a lot of time […]

Posted By: Detroit Free Press on April 12, 2023.  For more information, please click here to read the source article. Fundraising challenges have forced the nonprofit organization that puts on Detroit’s annual fireworks and Thanksgiving Day parade to delay its $45 million plan to buy and redevelop a long-vacant naval armory near the Belle Isle bridge. Detroit officials […]

Posted By: The Detroit News on April 10, 2023.  For more information, please click here to read the source article. The Dutch Girl Donuts building in Detroit is up for sale, the longtime owners’ family announced Monday on its Facebook page. “Highest and best offers will be considered,” the post said. Emailed offers for the approximately 1,500-square-foot property at 19000 […]

Posted By: mlive on April 11, 2023.  For more information, please click here to read the source article. Several dilapidated, largely vacant warehouses along the 600 block of Godfrey Avenue SW would be transformed into a 475-unit housing development with office, retail and event space, and a food hall under a proposal from three metro Detroit developers. The […]

Posted By: DBUSINESS on March 14, 2023.  For more information, please click here to read the source article.   Crestlight Capital, a Detroit-headquartered real estate investment firm, in partnership with Sabal Investment Holdings, an investment management firm based in Irvine, California, serving institutional investors across the U.S., has announced its acquisition of four Class A warehouse industrial buildings […]

Posted By: The Detroit News on January 24, 2023.  For more information, please click here to read the source article. With businesses starting to encourage or require in-office work, downtown is expected to be its busiest this year since the pandemic sent office workers home in March 2020. Next week, thousands of General Motors Co. employees will descend […]

Posted By: The Detroit News on January 5, 2023.  For more information, please click here to read the source article. Four contaminated properties in Detroit, including the former American Motors Corp. headquarters site, will receive financial help for cleanup after the Michigan Department of Environment, Great Lakes, and Energy approved $5.8 million in brownfield grants, loans and tax […]

Posted By: The Detroit News on November 29, 2022.  For more information, please click here to read the source article.   Community members who met with developers Tuesday evening to hear about the proposed $1.5 billion joint venture between the Ilitch family organization and developer Stephen Ross had key questions about the mixed-use development plan including affordable housing, […]

Posted By: Detroit Free Press on November 16, 2022.  For more information, please click here to read the source article.   Star comedian Mike Epps is set to launch a multipurpose entertainment and dining establishment in downtown Detroit. One Mike, a comedy and music club, will open at 1331 Broadway St. in Detroit, a $1.5 million property that […]

Posted By: REjournals on November 8, 2022.  For more information, please click here to read the source article. Signature Associates’ Joe Hamway was proud to be a member of Detroit Market Sector panel. It was a record-breaking event. More than 200 of the top commercial real estate professionals working the Detroit market attended REjournals’ 8th annual Detroit Commercial […]

Posted By: Detroit Free Press on October 17, 2022.  For more information, please click here to read the source article. Justin Gaffrey and Bruce Baja of Signature Associates are handling the sale of this property.   Moro’s of Allen Park, an Italian eatery known for its tuxedoed servers, is up for sale, according to a listing on Loopnet.com. The […]

Posted By: DBUSINESS on October 10, 2022.  For more information, please click here to read the source article.   The Detroit Regional Partnership, or DRP, has fully launched its Verified Industrial Properties program to increase industrial site readiness throughout southeast Michigan. As part of the rollout, the DRP is offering incentives for partners to submit properties to an […]

Posted By: The Detroit News on October 12, 2022.  For more information, please click here to read the source article.   Detroit Mayor Mike Duggan said Wednesday the city is “about to land” a 500-job auto parts plant on the site of the former American Motors Corp. headquarters site on Plymouth Road on Detroit’s west side. “We are […]

Posted By: The Detroit News on September 28, 2022.  For more information, please click here to read the source article.   A decade ago, developers set out with plans to construct an office building on the corner of Woodward and Stinson in Midtown. After they scrapped those plans and pivoted to residential, Woodward West welcomed its first tenants […]

Posted By: The Detroit News on September 21, 2022.  For more information, please click here to read the source article.   About 100 political leaders and community members gathered Wednesday to celebrate the opening of a new office building downtown that will house Huntington Bancshares’s commercial banking headquarters. The 21-story Huntington Tower held hundreds of bank employees and […]

Posted By: The Detroit News on September 15, 2022.  For more information, please click here to read the source article.   As the North American International Auto Show makes its return to Detroit this week for the first time in more than three years, hotels, restaurants and retailers in the city’s central business district say they’re ready and […]

Posted By: The Detroit News on September 15, 2022.  For more information, please click here to read the source article.   Michigan is receiving a $104.6 million grant from the U.S. Department of Transportation toward its plans to eliminate the sunken I-375 freeway through Detroit and replace it with a lower-speed boulevard at city-street level. The grant is a […]

The 238,334 square foot investment property is located at 6501 Nevada.   DETROIT, MI — September 1, 2022 — Signature Associates is pleased to announce the sale of the 238,334 square foot industrial building located at 6501 Nevada in Detroit which is fully leased to long-term tenant, Lear Corporation. Joe Hamway and Greg Hudas of […]

Signature is honored to be named a Crain’s Detroit Business Cool Places to Work for the sixth year! Thank you to the coolest team for helping us earn us this recognition! Signature’s exceptional leadership and cool culture promotes long-term growth, loyalty, teamwork, and a lot of fun! Read our full write-up here: https://bit.ly/3pv5Lbi

Posted By: The Detroit News on August 1, 2022.  For more information, please click here to read the source article.   Majorel, a customer experience management company, announced Monday it has selected a location in downtown Detroit for its office space. The company’s office at 211 West Fort St., with space for up to 600 employees, is expected to open […]

Posted By: dbusiness on July 26, 2022.  For more information, please click here to read the source article.   Lockton, an insurance brokerage firm headquartered in Kansas City, has announced a new office in downtown Detroit designed to increase its footprint in the city and accommodate its growing team. Set in the heart of the historic Paradise Valley […]

Posted By: The Detroit News on July 25, 2022.  For more information, please click here to read the source article.   A new rendering of a multi-residential complex under construction on the site of the former Joe Louis Arena has been posted on online.  You can see it here. A single image on the site, 600associates.com, shows what […]

For those looking to build out new office space, it’s going to set you back much more this year than it did last year. A new report from JLL, a Chicago-based brokerage with an office in Royal Oak, says the cost of constructing new office space in metro Detroit has increased by double digits in […]

A few years ago, Butzel decided it had more office space than it needed in Oakland County and Detroit and wanted to downsize. Having gone digital, the law firm didn’t need a library or a place to store files. Then the COVID-19 pandemic hit the state in March 2020, forcing many businesses to shift staff to remote […]

With the dust of COVID-19 finally beginning to settle, commercial development in metro Detroit is once again bustling. Big plans are in store for several the area’s shopping malls and office buildings, many of which were left abandoned or under-utilized during the peak of the pandemic. Read on to see what’s in store for notable […]

Out with the old, in with the new. That’s the theme behind a few demolition projects underway in the suburbs to make way for more than $300 million in new development across two very different sectors. In Birmingham, a handful of single-story buildings at the corner of Brown Street and Old Woodward Avenue have been […]

After nearly a year of running a cold-pressed juice shop in Grosse Pointe, Rachael Schroeder and her husband, Kevin, decided to expand their business, Rhythm & Blue Juice Co. They chose retail space at the Elton Park Corktown Apartments for their second location, which they opened in late January — another business betting on the […]

The city of Detroit has, by far, the most new industrial construction underway out of anywhere else in the region. Some 2.75 million square feet is in the ground, according to a fourth-quarter report from the local office of New York City-based brokerage house Newmark. That’s the future. But what about all of its industrial past? That’s the […]

The pandemic has not caused commercial landlords to lose their properties to foreclosure en masse like they did during the Great Recession. At least not yet. In spite of concerns about tenant rent payment early in the pandemic — including from restaurants, bars, gyms, apartment renters, office users and others — as government restrictions to stop the […]

The City of Detroit and Majorel, a customer experience management company, announced Thursday that the company will open an office in downtown Detroit. The move will create up to 500 jobs paying a minimum $17 an hour with benefits, according to the company. Majorel, which is based in Luxembourg and employs 69,000 people in 35 countries, according to its […]

Bedrock announced Tuesday that LM Manufacturing, a joint venture between Magna and LAN Manufacturing, will lease 296,000 square feet of manufacturing space on its Sakthi Industrial Campus to produce automotive seating. The project is expected to create 390 jobs. Bedrock said Tuesday the lease is its first major industrial development and highlights the ongoing demand for […]

Zoup! Eatery, a fast-casual soup concept based in Farmington Hills with locally owned and operated restaurants across the U.S. and Canada, has announced plans for an extensive expansion in Michigan in 2022. Markets it plans to expand to include Detroit, Ann Arbor, Lansing, and Grand Rapids. As part of the rollout, Zoup! Eatery is seeking qualified franchisee […]

Minneapolis-based The Opus Group, which has a subsidiary in Ann Arbor, is starting construction on a 275,401-square-foot industrial building on the site of the former Detroit Artillery Armory on Eight Mile Road in Oak Park. Prior to the start of construction, the originally planned speculative building has been fully leased to an undisclosed user. It […]

A $180 million plan to redevelop the former General Motors Transmission plant site in Warren is expected to bring 1.4 million-square feet of new industrial space and 600 jobs, according to the city. The Warren City Council will consider on Tuesday a brownfield plan for the 117-acre site at 23500 Mound. The owner, Missouri-based NorthPoint Development, […]

General Motors Co. and battery maker LG Energy Solution won tax incentives exceeding $824 million for up to $7 billion in new capital investment expanding GM’s EV and battery production in Michigan. The incentives include a first-of-its-kind $600 million direct taxpayer grant from the state of Michigan for GM and its partner that will subsidize the […]

Toledo City Councilman Theresa Gadus hopes the imminent auction of a long-troubled hotel in her district means a new beginning. “I think that the timing of it would be wonderful for the right purchaser,” Ms. Gadus said of the former Days Inn and Jill’s Bar and Grill near I-75 in East Toledo. “The momentum is […]

The Eastland Center site in Harper Woods is one step closer to a $94 million redevelopment after Michigan Economic Development Corp.’s Michigan Strategic Fund board approved Tuesday tax incentives for the project. The $4.7 million in brownfield tax credits were granted to Missouri-based NorthPoint Development, which plans to build three commercial light industrial buildings totaling […]

Signature Associates and Lino Realty are pleased to confirm the sale of The ICON, Detroit’s most iconic waterfront campus, to Bedrock. The ICON, located at 200 Walker Street, is a 420,000 square foot office/tech campus situated on 18.2 acres. The ICON, one of the city’s most visible properties situated along the International Detroit Riverfront, offers […]

Several years ago, the co-owner of a Birmingham pharmacy began very quietly assembling a slew of east Detroit riverfront properties. Using a Bad iPhone Password of a company name, 1111 LLC, Hany Boutros accumulated buildings and land on Franklin, Chene, East Jefferson, Guoin and Jos. Campau in 2015-16, in addition to properties downtown and near Brush Park. […]

Rail passengers traveling into and out of Detroit via Amtrak could see a new train station rise in the city’s New Center area in coming years. The Biden administration has announced a $10 million grant — money not connected to the recently passed $1.2 trillion infrastructure bill — to help fund the Michigan Department of Transportation’s longtime goal […]

A developer growing its industrial presence in Detroit plans to demolish the former American Motors Corp. headquarters site for a new development, likely for an automotive supplier, officials said.  Detroit Mayor Mike Duggan and other officials announced the $66 million redevelopment Thursday morning at the 2-million-square-foot abandoned AMC campus.  AMC took its headquarters to Southfield […]

Developers of The Mid, a more than $250 million mixed-use development along Woodward in Midtown, expect to begin construction in the second quarter of 2022, officials said Tuesday. The development on 3.8 acres at 3750 Woodward Ave., was originally slated to open in December 2020. Emery Matthews, one of the developers involved in the project, has previously cited the […]

Just Released:  Signature Associates | Q3 2021 Market Reports   Q3 2021 Industrial Report Q3 2021 Office Report   For more information, visit our Research page.

The city of Detroit plans to sell off its owned portion of the former Detroit House of Corrections site in Plymouth Township for $5.5 million. If all moves forward under the current plan, the 190.5-acre vacant site would be developed into a 1.2 million-square-foot build-to-suit building by an out-of-state developer that does work for FedEx […]

A developer has put forth a conceptual design for a massive tower with 500 apartments to be built on the site of the demolished Joe Louis Arena. Detroit-based Sterling Group, which owns the former arena site, submitted a conceptual site plan to the city in July showing a 25-story, 290-foot-tall residential tower called The Louis where the old Red Wings arena […]

Blink and you miss it. In the past week, nearly 800,000 square feet of office space across four well-known properties in Troy and Pontiac became available if you have the scratch. Toss in the Fisher Building and the former UAW-GM Center for Human Resources in Detroit for good measure, and you have six buildings over […]

Chris Webber, an NBA Hall-of-Famer, former University of Michigan basketball star and Detroit native, broke ground Tuesday on the first phase of an estimated $175 million cannabis-focused development in southwest Detroit. Webber, a 48-year-old cannabis investor, plans to run industry job training through his partnership with West Coast lifestyle brand Cookies, as well as grow cannabis at […]

Signature Associates in Southfield today announced it has been selected as the exclusive sale and leasing representative of The ICON riverfront office/tech campus in Detroit. The 420,00-square-foot ICON campus, located on 18.2 acres at 200 Walker St., is set along the Detroit River. Originally the UAW-GM Center for Human Resources, the facility opened in late […]

The ICON is a 420,000 sq. ft. world-class, multi-use campus on Detroit’s riverfront.   Signature Associates is pleased to announce the exclusive sale and leasing representation of The ICON in Detroit. This office/tech campus is comprised of an eight-story office tower, three-story conference center and three-story atrium lobby. The ICON is a multi-use campus ideal […]

After six years and more than $30 million in improvements, the owners of the Fisher Building have placed the historical landmark up for sale. The Platform, co-owners of the building, said Tuesday that it is the right time to find it a new owner. During six years of ownership, the firm said it has doubled […]

Great Lakes Coca-Cola Bottling is closing its Detroit facility by the end of the year as it consolidates operations with its Grand Rapids site, officials said Wednesday. Up to 131 employees at the plant are expected to lose their jobs. “After careful consideration, we made the difficult decision to consolidate our Detroit production operations into […]

Auto supplier Lear Corp. said Friday that it plans to set up a seat manufacturing operation with “hundreds” of new jobs at the location of the former Cadillac Stamping Plant on Detroit’s east side. The Southfield-based supplier would presumably be a tenant in the new $48 million, 684,000-square-foot manufacturing center that is planned for the 43-acre site at 9501 Conner St. The center is […]

Anyone who has cruised along Summit Street just north of downtown in recent years has noticed a change. The neighborhood has some new businesses, new plans for the riverfront, and a new energy. What it needs is a little boost from the city. Neighborhood leaders, including owners of some of those new bars and restaurants, […]

The Detroit City Council approved the sale of the R. Thornton Brodhead Naval Armory to the Parade Co. on Tuesday, paving the way for the nonprofit behind Detroit’s Thanksgiving Day parade to turn the long-vacant building into its new headquarters. At a meeting Tuesday the council approved amending the city’s Master Plan to make way for any redevelopment of the site […]

Signature Associates Inc. and UHY Detroit are taking the top floor in a vacant downtown Detroit office building. The commercial real estate firm and the accounting company are collectively leasing 7,500 square feet and moving people from their existing downtown locations into the Firm Real Estate-owned building at 230 E. Grand River Ave., the companies announced […]

SOUTHFIELD, MICHIGAN—May 19, 2020— Signature Associates has negotiated the lease of 3,121 square feet of office space located at 6200 Second Avenue, Detroit, Michigan.   Angela Thomas, Erica Dunlap, and Nicole Voisard of the ÆRES Team of Signature Associates represented both the landlord, New Amsterdam Activation, LLC, and the tenant, MILO Detroit, Inc., a full-service […]

SOUTHFIELD, MICHIGAN—December 10, 2019— Signature Associates has been awarded the representation of 75,206 square feet of office space located at 1155 & 1333 Brewery Park Boulevard, Detroit, Michigan. This is a premier office campus located in the heart of Downtown Detroit and just steps away from Eastern Market. The one-of-a-kind site is also easily accessed […]

SOUTHFIELD, MICHIGAN—October 21, 2019— Signature Associates has been awarded the representation of 3,000 square feet of office space located at 6200 Second Avenue, Detroit, Michigan. This listing is located directly across from the new Henry Ford Detroit Pistons Performance Center. The building is three stories with a modern feel, complete with high ceilings and large […]

SOUTHFIELD, MICHIGAN—September 19, 2019— Signature Associates has negotiated the lease of 10,070 square feet of office space located at 7700 Second Avenue, Detroit, Michigan.   Chris Secontine of Signature Associates represented the tenant, American Federation of State, County and Municipal Employees, Council 25 (AFSCME). AFSCME is relocating from 600 W. Lafayette in Detroit after selling […]