Detroit
The Best and Worst Cities to Raise a Family
On average, Americans move 11.4 times in a lifetime. When it’s time to raise a family, the move only gets… Read more
Austin: America’s Biggest Boomtown
Huge population and housing growth. Great median wages. Increase in jobs, decrease in unemployment. All of these factors led the… Read more
CMBS Refi for Lightstone Apts. in Detroit Area
Lightstone said Thursday that it had closed on refinancing for five multifamily rental properties in the Detroit area. The $80-million… Read more
Gilbert’s Bedrock Plans $300M, Resi MXU in Detroit
Bedrock LLC revealed plans for a $300-million residential MXU development on 22 acres of the former Brewster-Douglass housing projects outside… Read more
Chemical Bank Prepares for HQ Move to Detroit
In one of Detroit’s biggest corporate recruitment coups of recent years, Chemical Bank plans to move its headquarters from Midland,… Read more
CBRE Names Valuation Leader for Michigan
Brenda Makarov has been named managing director of valuation and advisory services for CBRE in Detroit. Her responsibilities at CBRE… Read more
Scarcity of Class A Drives Industrial Prices to New Highs
There’s still time to join us for Connect Industrial in Chicago on Wednesday. Leading up to the conference, Connect Media… Read more
Design-Build Team Chosen for Bridge Connecting Detroit, Ontario
Bridging North America, a partnership of Fluor and ACS Infrastructure Canada, has been selected to design, build, finance, operate and… Read more
Walker & Dunlop Expands to Detroit with New Hires
Walker & Dunlop has hired David Wilkins (pictured) as managing director and Charlie Krisfalusi as VP in its FHA Finance… Read more
Michigan Central Station Has a Ford in Its Future
Ford Motor Company plans an announcement next week on its redevelopment plans for the 500,000-square-foot Michigan Central Station, vacant since… Read more
CushWake Taps Garrett Keais to Lead Detroit Region
Garrett Keais (pictured) has been named managing principal of Cushman & Wakefield’s Detroit operations, succeeding Brian Piergentili, who led the… Read more
CIBC Set to Open Bronzeville Banking Facility in 2019
As another marker of Bronzeville’s ongoing gentrification, CIBC plans to open its next U.S. Banking Center in this South Side… Read more
$533M Jail Complex Approved in Detroit
The Wayne County Building Authority approved a $533-million jail complex in Detroit. The site, located on East Warren Avenue near… Read more
CBRE Brings in Managing Director for Detroit
Paul Van Devender (pictured) has been appointed managing director of CBRE’s Detroit office. He most recently served as COO of… Read more
Pace of Demand Remains Strong for Indy’s New Industrial Builds
While Chicago is the leading Midwest hub for industrial, by no means is it the region’s only center for tenant… Read more
Bedrock’s $2.15B Detroit Development Projects Clear Final Hurdle
The Michigan Strategic Fund (MSF) provided the final approval for Detroit-based Bedrock’s use of the MIthrive financing tool, clearing the… Read more
U.S. Retail Sector Continues to Weaken, E-Commerce Increases Market Share, Drags Down Fundamentals
Ten-X Commercial released its latest U.S. Retail Market Outlook, including the top five ‘Buy’ and ‘Sell’ markets for retail real… Read more
Brennan, Sidra Form JV for $159M Industrial Portfolio Recapitalization
HFF arranged the $159.2 million recapitalization of a fully-leased, mission-critical 11-property industrial portfolio totaling 2.77 million square feet in seven… Read more
Lessons from Detroit Will Be Focus of ULI Spring Meeting
This year’s Urban Land Institute Spring Meeting is set for May 1-3 at the Cobo Center in Downtown Detroit. Not… Read more