Michigan
Colony Capital Partnering With Argent Management to Manage $1.2 Billion U.S. Land
Colony Capital, a real estate investment and advisory firm, is partnering with Argent Management LLC to acquire and manage a $800 million portfolio of real estate acquisition, development and construction (ADC) loans that Colony recently acquired from the Federal Deposit Insurance Corporation (FDIC). Combined with another $400 million portfolio that Argent has already been working [...]
Detroit Medical Center kicking off $300 million in projects with first $60-70 Million award
Detroit Medical Center officials this week made good on their promise to get right to work on hospital construction projects, announcing contracts totaling over $60 million just four days after DMC’s landmark partnership with Vanguard Health Systems was sealed. “What better way to start the new year than by moving forward with eight DMC construction [...]
Muskegon-based construction company lands contract for training jobs in Ohio
A Muskegon-based construction company has signed a significant agreement with the Greater Cincinnati Energy Alliance that will put local laborers to work in Ohio. HERCO and HER Construction Co. signed a two-year agreement with the alliance and the Laborers’ International Union of North America Local 265 that could have weatherization work under way by January, [...]
$406 million investment in Brownfield development projects to bring jobs to Mid-Michigan
Governor Jennifer M. Granholm today announced that the Michigan Economic Development Corporation (MEDC) is supporting 11 brownfield redevelopment projects in Lansing, Detroit, Grand Rapids, Flint and Hamtramck, which will generate over $406 million in new investment and create and retain 1,401 jobs. The MEDC is also helping six companies grow, with $69.6 million in new [...]
Construction on Michigan wind farm expected to begin this summer
Development of Consumers Energy’s Lake Winds Energy Park in southern Mason County Michigan is moving toward construction this summer. The public utility has received approval from the Michigan Public Service Commission for two construction and supply contracts. The company also received a variance from Mason County airport officials for lights on the planned 56 land-based [...]
Some Michigan alternative energy companies move ahead despite “headwinds”
Last week’s announcement that Michigan has attracted its first large wind-turbine assembly plant provides a much-needed lift for Michigan state’s fledgling alternative energy industry. This year, companies eager to make wind-turbine parts, solar panels and ethanol have encountered a number of headwinds, ranging from poor market conditions and unwilling lenders to Washington’s failure to establish [...]
