Apr 17, 2018

RACER Trust Completes Active Remedial Work at Property in Wyoming, Mich.

RACER Trust today announced it has received approval of a No Further Action Report from the Michigan Department of Environmental Quality for property in Wyoming, Mich., certifying completion of active environmental cleanup activities at the property, the site of a former General Motors Corp. (“old…

Apr 09, 2018

Ambrose Property Group Completes Sale and Transfer of Former GM Stamping Plant Site from RACER Trust

Ambrose Property Group announced April 9 it has completed its purchase of the former Indianapolis GM stamping plant site from RACER Trust. Ambrose plans to create a thriving new downtown district that will include office, commercial and retail space, residential housing, a hotel, community…

Apr 03, 2018

RACER Trust Completes Active Remedial Work at Property in Wyoming, Mich.

RACER Trust today announced it has received approval of a No Further Action Report from the Michigan Department of Environmental Quality for property in Wyoming, Mich., certifying completion of active environmental cleanup activities at the property, the site of a former General Motors…

Mar 29, 2018

RACER Trust Conducting Additional Environmental Investigation in Kokomo, Ind.

RACER Trust announced today that it is conducting additional environmental investigation at its property in Kokomo, Ind., with the goal of designing a remedy that will address subsurface soil and groundwater impacts at the property. The investigation, conducted with the oversight and…

Mar 20, 2018

RACER Trust Promoting Investment Opportunities at Site Selectors Guild Fall Forum

RACER Trust today announced that two members of its Redevelopment team — Deputy Redevelopment Manager Patricia Spitzley and Transaction Manager Steven Black — are participating this week in the 2018 Site Selectors Guild Fall Forum in Greenville, S.C., where they are…

Mar 13, 2018

With Interest Increasing, RACER Trust Issues Call for Offers to Sell Its Buick City Property in Flint, Mich.

In response to the strong, steadily increasing interest from multiple parties seeking to invest in the vibrant Flint and Genesee County market, RACER Trust today issued a call for offers to sell its 364-acre Buick City property in Flint, Mich. The invitation was delivered to the firms with…

Mar 08, 2018

RACER Trust Begins Soil Cleanup Activities at Ewing Township Property, Setting Stage for Development

RACER Trust today announced it has begun soil remediation necessary to enable sale of the former General Motors Delphi Trenton property in Ewing Township, N.J., to Atlantic Realty Development Corp. for development of a new town center.

Mar 06, 2018

RACER Trust Soliciting Offers for Purchase and Development of Industrial Property in Massena, N.Y.

MASSENA, N.Y. — In response to recent market interest, RACER Trust today invited experienced data center development and operating firms to make an offer to purchase and develop for this new use industrial land once used by General Motors for automotive manufacturing.…

Feb 27, 2018

Statement From RACER Trust Regarding Buick City Property in Flint, Mich.

Action today by the Michigan Strategic Fund may create for some the impression that the former Buick City property in Flint, Mich., will be redeveloped as Buick City Industrial Park. While that may be one possible outcome, it is important to note that RACER Trust’s Buick City property is…