Business Specialties Investments
$1M Sale of 19th Century Retail Building to Yield New Apartment Complex
May 8, 2008

Detroit's Downtown Development Authority has just signed off on the $1 million sale of the historic Pepper Shoe Building on Woodward St. for a residential redevelopment endeavor, according to Crain's Detroit Business. A partnership that includes East Lansing's Sixty North L.L.C. plans to convert the 112-year-old structure, along with the neighboring 114-year-old Elliott Building, into a 70-unit apartment loft complex. The development team anticipates relying on a $10.8 million HUD D-4 loan to partially fund the $18 million project. If all goes as planned, the new multifamily property will likely be ready to welcome residents by spring 2010.


 
Recent Investments Headlines
BH Properties Acquires Office, Retail Assets in Dallas-Fort Worth Area
May 16, 2008
BH Properties L.L.C. has acquired nine office and retail properties located around the Dallas-Fort Worth area with a tax assessed valued of approximately $22 million.
801 Travis Goddard Sells Houston Building, Puts Another on Market
May 16, 2008
Goddard Investment Group L.L.C. has sold a 135,000-square-foot office building at 675 Bering Dr. in Houston to Griffin Partners for an undisclosed amount.
Two Trenton Apartment Properties Find New Owners
May 16, 2008
With the Greater Philadelphia Region of CB Richard Ellis at the marketing helm, the 62-unit Beechwood Gardens Apartment Complex and the 18-unit Greenwood Avenue Gardens in Trenton have been snapped up by two different buyers.
Adobe to Buy Boston-Area Office Building Upon Completion
May 15, 2008
In a $44.7 million deal, Adobe Systems Inc. has agreed to purchase Overlook Center in Waltham, Mass., from Normandy Real Estate Partners upon its construction.
WestCorp, Equibase Partner to Pursue M-F Opportunities
May 15, 2008
Equibase Capital Group L.L.C. and WestCorp Management Group have partnered to create a strategic joint venture that will pursue multi-family investment opportunities throughout the United States.
 

 

Engaging Your Employees Essential
May 09, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Long gone are the days where the executive leadership of a company can remain sequestered in their offices with an internal focus on hard metrics. It is the soft metrics of customer centricity...

The Name Game: Part 3
May 02, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --This is the third and final piece in this series on naming. The first column dealt with how to select a naming firm, the second one addressed the components that go into creating...

The Name Game, Part 2
April 25, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --This week's column is part two in a three part series on naming. Last week's column contained advice on how to select a naming firm and today I'll address the elements that go...

The Name Game: Part 1
April 18, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --The disciplines of branding and corporate identity have long been personal passions of mine, and nothing within this genre holds greater fascination for me than the practice of corporate naming. This column is...

Knowledge Is Power
April 11, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --The ability of an executive to sort out who, what, why, when, where, and how while contemplating how decisions are made will largely determine the qualitative outcome of said eventual decisions. Even though...