Detroit
JPMorgan Expands Investment in Detroit’s Economy
JPMorgan Chase will expand its investment in Detroit’s economic recovery, committing to reach $200 million by the end of 2022.… Read more
EPA Targets O-Zones for Cleanup
The Environmental Protection Agency (EPA) has targeted 149 communities to receive $64.6 million in funding for brownfields, assessment and cleanup… Read more
Two-Building Detroit Office Campus Sells to NYC Investor
CBRE’s Anne Galbraith Kohn recently represented Hayman Company in its disposition of Northfield Office Park, 5600 and 5700 Crooks Rd.… Read more
Logistics Property Co. Unveils Kenosha Park
Logistics Property Company (LPC) has unveiled 94 Logistics Park in Kenosha, WI, reportedly the largest logistics real estate development in… Read more
BGL’s Healthcare Team Sells MI Dialysis Centers
Brown Gibbons Lang (BGL) has arranged the sale of Bay Area Regional Dialysis Center Portfolio, two dialysis centers totaling approximately… Read more
Habitat Buys Rentals in Detroit, Twin Cities Metros
Chicago-based The Habitat Company recently acquired three new rental properties. They include the Village of Hyde Park, a development of 43 townhomes in… Read more
Italian Auto Supplier Buys Detroit Site for New Factory
Italian automotive supplier Tiberina Group has acquired 10 acres of land at the former American Axle & Manufacturing Holdings site… Read more
VICI Finalizes $1B Acquisition of Detroit’s Greektown Casino-Hotel
New York-based VICI Properties Inc. completed the previously-disclosed acquisition of the Greektown Casino-Hotel in downtown Detroit from Dan Gilbert’s Jack… Read more
Where are Best Places to Get a Summer Job?
This summer’s job market is likely going to be challenged by the tight U.S. labor market. The national unemployment rate… Read more
Co-working Firm Establishes First Detroit Outpost
CBRE represented landlord Unicorp National Developments in the lease of 21,091 square feet to Seven Co. at City Center in… Read more
Beaumont Health Leases 125K SF of High-Tech Industrial
CBRE recently represented ownership in a 124,564-square-foot lease to Beaumont Health at 41965 Ecorse Rd. in Belleville, MI. The tenant… Read more
Money360 Closes Quarter Billion in CRE Loans
Ladera Ranch, CA-based Money360 surpassed another quarter billion dollars in loan closings. That pushes the technology-enabled direct lender closer to… Read more
UBS Opens First Detroit Office at Bedrock’s Historic S.S. Kresge Co. Building
UBS Financial Services Inc. plans to open a new 11,000-square-foot branch office in downtown Detroit’s historic Woodward shopping district. The… Read more
CBRE Handling 3-Building Detroit Portfolio Assignment
BASCO hired CBRE for a three-building, 104,000-square-foot office portfolio in downtown Detroit. The properties, 44 West Michigan Avenue, 220 West… Read more
Moceri Opens Michigan Luxury Senior Living Campus
Moceri Companies opened Blossom Ridge, a 329-unit senior living community in Oakland Township, MI, roughly 35 miles north of Detroit.… Read more
Avanath, Opportunity Assets Group Launch $300M QOZ Fund
Irvine, CA-based Avanath Development, LLC and Opportunity Assets Group, LLC launched a Qualified Opportunity Zone Fund with a target raise… Read more
Greystone Arranges HUD Loan for New Build in Metro Detroit
Greystone has provided a $17,665,500 HUD-insured loan to finance the new construction of 409 on Nine, a 127-unit mixed-use property… Read more
Cushman & Wakefield Boosts Detroit Practice with 7 Hires
Cushman & Wakefield significantly expanded its Valuation & Advisory office in Detroit, with the addition of seven appraisers who are… Read more
Gentrification and O-Zones
The Opportunity Zone program tucked within the Tax Cuts and Jobs Acts of 2017 focuses on pouring billions of capital… Read more