why did Michael want Immobiliare?
That the only one that can reasonably be answered. The quest for money, power and "legitimacy."
But then again here's another plot weakness....Michael realizes the higher up he goes the crookeder it gets, so there is a nihilistic aspect to it all. If Immobiliare is as crooked as the mob, why would he risk his family to get it? I thought he was all about "protecting" them.