Detroit
Sealy & Co. Acquires 600K SF of Class A Logistics Properties in Detroit Submarket
Sealy & Company, a Dallas-based specialist in the industrial real estate market, has acquired AeroPlex One & Two, a 600,000-square-foot… Read more
Dwight Capital and Affiliates Finance Over $556M in May
Dwight Capital and its commercial mortgage REIT affiliate, Dwight Mortgage Trust, closed in excess of $556.4 million in real estate financings… Read more
Lument Provides Refi on Two Detroit Multifamily Properties
Lument closed a $13.5-million proprietary bridge loan to facilitate the refinance of two multifamily communities totaling 118 units in Detroit.… Read more
$150M Lafayette West Development Will Transform Detroit’s Historic Lafayette Park
Dignitaries joined Detroit developer Mark Bennett Tuesday for a ceremonial groundbreaking on Lafayette West, a 318-unit, condominium and apartment community… Read more
Detroit Design Firm Pophouse Unveils Dan Gilbert’s Rock Ventures New Headquarters
Detroit-based design studio Pophouse today unveiled what it says is a first-of-its-kind office space in Detroit which will house the… Read more
GSH Snaps Up Two Detroit-Area Apartment Properties for $200M
The GSH Group recently purchased two multifamily communities in the Greater Detroit area. Both were acquired from the same seller, with a combined… Read more
PGIM Real Estate Lines Up $534M on Detroit Workforce Housing
PGIM Real Estate recently arranged $534 million in Freddie Mac financing for a 15-property Detroit workforce housing portfolio. The deal… Read more
Oxford Capital Partnership Acquires Historic Detroit Hotel, Plans Interior Renovation
Oxford Capital Group, LLC said Friday it planned a full-scale interior renovation of the newly acquired, 453-key Westin Book Cadillac Detroit Hotel at 1114 Washington Blvd. in the… Read more
Logistics Firm Expands by 347K SF in Detroit Area
Savills represented Renaissance Global Logistics (RGL) in one of the largest industrial transactions of the year in the metro Detroit… Read more
Lightstone More Than Doubles Detroit-Area Multifamily Portfolio
Lightstone has acquired a 27-asset multifamily portfolio in suburban Detroit for an undisclosed sum. The portfolio includes 7,810 multifamily units and an 11,000-square-foot office building and is spread… Read more
LoanDepot Hits a Home Run for Boys & Girls Clubs
By the time the final pitch was thrown ending Major League Baseball’s 2021 League Championship Series, loanDepot racked up more… Read more
JLL Adds SVP to Environmental and Property Condition Team
JLL Valuation Advisory hired Dennis Firestone to join its recently launched Environmental and Property Condition (EPC) team as an SVP for EPC Premier Client Accounts. Based in… Read more
Oxford Capital Launches Hotel Project in Detroit’s Corktown
Oxford Capital Group and Hunter Pasteur are launching construction on The Godfrey Hotel Detroit in historic Corktown. Scheduled to open in 2023, the 227-key, seven-story… Read more
SperryCGA Expands with Detroit Affiliate Led by 40-Year Veteran
Sperry Commercial Global Affiliates LLC (SperryCGA) added Sperry Commercial Global Affiliates – Property Investment Counselors as an affiliate in the Detroit market.… Read more
Detroit’s Redeveloped Book Tower Will Feature ROOST Apartment Hotel
Bedrock, Detroit’s largest real estate developer, will make the Book Tower home to ROOST Apartment Hotel, Detroit’s first high design… Read more
Former Studio Movie Grill Rebrands, Reopens in Chatham
Detroit-based Emagine Entertainment has reopened a former Studio Movie Grill location in the South Side’s Chatham neighborhood. Now known as Chatham Cinema Powered… Read more
Pembrook Names Two Senior Advisors on Its Affordable Housing Lending
Pembrook Capital Management LLC (PBC) has named two senior advisors to expand the Midtown Manhattan-based firm’s efforts to address racial and economic inequality… Read more
Art Deco Detroit Landmark Converted to Apartments
A joint venture of Lutz Real Estate Investments and Northern Equities Group has completed its $70-million renovation of The Albert Kahn Building… Read more
Fastest Labs Accelerates Development Efforts
With a heightened demand for services, Fastest Labs has accelerated development efforts with the goal of reaching 100 signed agreements… Read more