Detroit
Now For Something Completely Different: Top-Down Construction
Pictured: The Exchange, Detroit Though not widely known, top-down construction could save time and money while promoting sustainability Most construction… Read more
Five Design Elements to Help Promote Sustainability
Net zero carbon objectives are driving many things, including the commercial real estate industry. They’re also driving cities, prompting leaders… Read more
UTHealth Houston Begins Work on 10-Story, $300M Research Facility
The Houston Business Journal reported UTHealth has started work on a 10-story, 350,000-square-foot tower. It hopes the facility will help… Read more
The Herrick Company Acquires $150M HQ Building in Downtown Detroit
Norton Herrick, Chairman of The Herrick Company, Inc., a leading national real estate investment firm, announced that the company purchased… Read more
Metro Detroit Industrial Recapitalized for $125M
JLL Capital Markets recently completed the $125-million recapitalization of Gateway Industrial Center, a 69-acre, 1.4-million-square-feet industrial campus located in metro… Read more
Bedrock Set to Introduce New Chapter for Detroit’s Book Tower
Following a $300-million-plus historic restoration, Bedrock is preparing to unveil downtown Detroit’s Book Tower as a mixed-use development. The property’s… Read more
DRA, Burton Katzam Enter $240M JV on Midwest Light Industrial
Newmark has arranged a $240-million joint venture between Burton Katzman and DRA Advisors to recapitalize 24 infill light industrial properties in the Midwest.… Read more
Bay Area Economies Among Most Vulnerable to Climate Change
San Francisco is the most vulnerable city to economic disaster from climate change in the United States and Oakland ranks… Read more
Transwestern Puts Mike Salmen in Charge of Midwest Capital Markets
Transwestern Real Estate Services has charged industry veteran Mike Salmen with service delivery strategy and operational oversight of the firm’s Midwest… Read more
St. Louis, Other Metro Areas Rank High as Multifamily Markets to Watch—for Distress
Trepp has identified the St. Louis metro area as the number one multifamily market to watch in 2023. In this… Read more
CBRE Hotels Capital Markets Institutional Group Arranges $514M Sale of 65-Hotel Portfolio
Atlanta, GA-based CBRE Hotels Capital Markets Institutional Group has arranged the sale of a 65-property, 7,865-key hotel portfolio located across… Read more
Service Properties Trust Sells 65-Property Sonesta Hotel Portfolio for $514M
Newton, MA-based Service Properties Trust has sold a 65-property, 7,865-key hotel portfolio located across 27 states for a total consideration… Read more
Bedrock Acquires Hotel on Detroit’s East Riverfront
Bedrock has closed on its acquisition of the Roberts Riverwalk Hotel located at 1000 River Pl. in Detroit’s East Riverfront… Read more
SVN | SFR Forms Joint Venture to Acquire, Operate Single-Family Rentals
Build-for-rent commercial real estate investment firm SVN | SFR Capital Management, headquartered in New York City, has entered into a… Read more
Reclaimed Furniture Maker to Open First Downtown Detroit Showroom
Detroit’s Woodward Throwbacks will open its first showroom in Downtown Detroit, Throwbacks Home, at Bedrock’s 35 W Grand River Ave. The… Read more
Avison Young Tapped to Lease Redeveloped MOB in Southeast Michigan
Avison Young has been appointed as leasing agent for a 108,231-square-foot office building at 645 W Grand River in Howell,… Read more
BEB Lending Enters Michigan Market with Bridge Loan
BEB Lending, the finance platform of BEB Capital, provided a $6.965-million bridge loan to 1029 SFG Equities LLC for the acquisition financing of a 365,000-square-foot industrial property at 12640… Read more
Newmark Arranges 742K-SF Industrial Lease in Detroit Suburbs
Newmark arranged a 741,923-square-foot industrial lease with an undisclosed tenant at Wixom Assembly Park, a two-phase, five-building, 1.6-million-square-foot industrial park… Read more
Axiom Group Leases Michigan Facility for First U.S. Location
Avison Young negotiated the lease of a 123,000-square-foot industrial office building at 14898 Koehn Rd. in Mussey Township, MI on… Read more