Detroit
Return to Lender: Week of March 6, 2025
Granite Point Mortgage Trust has taken title to the 140,000-square-foot Lincoln Place office and retail property in Miami Beach, Trepp… Read more
Berkadia Detroit Closes Over $1B In Production Volume In 2024
Berkadia’s Detroit office has closed $1.35 billion in production volume in 2024. Berkadia Detroit Mortgage Banking closed $1.2 billion in… Read more
Chicago/Midwest People & Company News, week of February 14, 2025
Newmark has hired Keely Polczynski, a respected retail investment sales professional with more than 20 years of experience, to its… Read more
SFR Rent Growth Slows, Metrics Vary by Region
Single-family rental homes once boasted high rent growth due to expanding demand. But things have changed, as national SFR rent… Read more
U.S. Apartment Rent Growth Eases to 1% in Q4 2024
National year-over-year asking rent growth eased to 1.0% in December 2024 compared to 1.1% at the end of September 2024,… Read more
Marcus & Millichap Brokers Sale of Teijin Automotive HQ in Michigan
Marcus & Millichap has completed the sale of 255 Rex Blvd., a 68,839-square-foot office property leased to Teijin Automotive in… Read more
Chicago/Midwest People & Company News, week of November 22, 2024
Coastal Ridge, a real estate investment, development and property management firm exclusively focused on rented residential strategies, announced that Peter… Read more
Berkadia Sources $28M for Detroit Industrial Development
Berkadia JV Equity & Structured Capital, led by Noam Franklin, Cody Kirkpatrick, Chinmay Bhatt, Alex Bonda and Luke Safranek of… Read more
Experiential Entertainment Venue to Open in Detroit
Developer Bedrock announced that Cosm, an immersive technology, media and entertainment company, will bring a shared reality live sports and… Read more
Farbman Group Unveils Updated New Center One Atrium
Farbman Group, a Midwest full-service commercial real estate company, announced that the atrium renovation at New Center One, a 600,000-square-foot… Read more
Marcus & Millichap Arranges Sale of 17K-SF MOB in Michigan
Marcus & Millichap closed the sale of McLaren Macomb-Gratiot Medical Building, a 17,333-square-foot medical office property in Clinton Township, Michigan.… Read more
Dwight Mortgage Trust Provides $51M Bridge Loan for MI Apartments
Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, closed a $51.3 million bridge refinance for Southgate Apartments, a 624-unit… Read more
U.S. Multifamily Permits Down Nearly 30% from Pandemic Levels
Builders obtained permits to construct 13 multifamily housing units for every 10,000 people in the U.S. year to date, down… Read more
Ford to Reopen Michigan Central Station After $950M Renovation
Michigan Central Station is set to open for the first time in decades following Ford Motor Company’s six-year, $950 million… Read more
Historic Federal Building in Detroit Slated for Auction
A historic building owned by the federal government in Detroit is being auctioned off. The property at 333 Mt. Elliott… Read more
Mid-America Real Estate Arranges Sale of Livonia Marketplace
Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of Livonia Marketplace in Livonia, Michigan. The 52,730-square-foot retail… Read more
Chicago/Midwest People & Company News, week of May 20, 2024
JLL has elected Susan Gore as an independent, non-executive member of its Board of Directors. She will also serve on… Read more