Detroit
Bedrock Acquires Detroit Riverfront Complex from Stroh Cos.
Bedrock has acquired 300 River Pl. on the Detroit riverfront from The Stroh Companies, Inc. Originally developed between 1928 and 1939… Read more
Eli Broad Leaves Lasting Mark on Real Estate, Art, Philanthropic World
Eli Broad, the entrepreneur turned philanthropist and art collector who was instrumental in shaping the art and cultural scene of… Read more
Marcus & Millichap Closes Deal for Twin Cities Apartments
Marcus & Millichap arranged the sale of Sibley Cove, an 81-unit apartment property located in Maplewood, MN, within the Twin Cities metro… Read more
Deurbanization Means Two Different Things in Charlotte and San Francisco
On the question of office workers returning to the office as the economy reopens, Green Street’s view is that about… Read more
VanWest Grows Self-Storage Footprint with Michigan Properties
Denver-based VanWest Partners has added five Michigan properties to its newest fund, VanWest Self Storage Fund II, LLC. Year to date,… Read more
JLL Closes Sale of Kalamazoo Apartments
JLL Capital Markets closed the $19.65-million sale of the Lakeview Apartments in Kalamazoo, MI. The JLL team worked on behalf of the… Read more
Watermark Plans Luxury Rentals in Detroit Suburbs
Watermark Residential, a wholly owned affiliate of Thompson Thrift, acquired 20 acres of land in the New Hudson community of Lyon… Read more
Lefty’s Famous Cheesesteaks Set to Open SoCal Flagship in 2021
Lefty’s Famous Cheesesteak & Grill recently inked an end cap space at 2071 E. Highland Ave. in San Bernardino. Lefty’s… Read more
Berkadia Arranges Loans on Michigan Apartment Trio
Berkadia arranged $75.13 million in combined financing for three garden-style multifamily properties in Michigan: Dearborn View in Inkster, Bedford Square in… Read more
CBRE Markets 600 Randolph in Detroit’s CBD
CBRE is bringing 600 Randolph St. back to the downtown Detroit market. The 235,771-square-foot building and an adjacent-0.80-acre parking lot… Read more
Amazon Will Add Five Sites in Metro Detroit
Amazon said Monday it would develop five new buildings in the Detroit area to support operations closer to customers. The… Read more
Red Oak Funds Bridge Loan on Detroit’s UAW-GM Center
Red Oak Financial, a Michigan-based commercial real estate finance company, funded a loan to Moceri Companies and 400 Monroe Associates… Read more
InSite Lines Up Financing on 1M-SF BTS in Michigan
Associated Bank completed financing on behalf of InSite Real Estate LLC for the land acquisition and construction of an industrial… Read more
Huntington, TCF Agree to $22B Merger
Huntington Bancshares Incorporated and TCF Financial Corporation agreed to an all-stock merger with a total market value of approximately $22… Read more
Landmarked Detroit Hotel Goes Up for Sale
Newmark is marketing the sale of the Roberts Riverwalk Hotel, located at 1000 River Place Dr. in Detroit. Senior managing… Read more
UAW-GM Center Finds Buyer in Detroit
CBRE recently represented a joint venture between the United Auto Workers and General Motors in the sale of the approximately… Read more
Detroit City Council Okays Amazon Project at Former Fairgrounds
Detroit City Council recently approved a development proposal that would bring a $400-million Amazon distribution center to the former Michigan State… Read more
Avanath Makes Two Buys in CEO’s Detroit Hometown
Irvine, CA-based Avanath Capital Management acquired a pair of apartment communities in Detroit in two separate deals totaling approximately $3.4… Read more
City Club, Berkeley Capital Forge Partnership
Cleveland-based private equity firm Berkeley Capital has formed a strategic partnership with developer City Club Apartments, LLC. Via the partnership,… Read more