Grand Rapids
Berkadia Closes $40M Sale of Grand Rapids Apartments
Berkadia arranged the $40-million-plus sale of a two-property multifamily portfolio in Grand Rapids, MI, totaling almost 400 units. The firm’s Detroit-based… Read more
Investor Interest Turns the Midwest into a Multifamily Hot Spot
By Paul Bubny Few regions of the U.S. have seen quite the uptick of investor interest that the Midwest has… Read more
CMBS Loans Go to Michigan Select Service Portfolio
SVP Francisco Nacorda of Mag Mile Capital completed $23,650,000 in CMBS loans for three hotels as part of a Michigan select service… Read more
Gen Z Ready to Buy Homes, Competition Remains Fierce
The oldest members of Gen Z are now 22 years old and beginning to enter the homebuying stage of their… Read more
IRR Expands Michigan Presence, Acquires Genzink Appraisal
Integra Realty Resources (IRR) is expanding its Michigan footprint, acquiring Grand Rapids, MI-based Genzink Appraisal Company. The valuation and consulting… Read more
Harrison Street, MSU to Partner on Research Hub
Harrison Street Social Infrastructure Fund formed a partnership with Michigan State University (MSU) to develop the 205,659-square-foot Doug Meijer Medical Innovation Building… Read more
Walker & Dunlop Provides Bridge Loan on Castle-Themed MI Apartments
Walker & Dunlop provided a $48.3-million bridge loan for The Grand Castle Apartments, a newly-developed Class A multifamily complex in Grandville, a suburb… Read more
CBRE Arranges Parcel Sale within Grand Rapids-Area Site
CBRE recently represented Granger Group in the sale of 33.4 acres at 5650 Wilson Avenue SW in Wyoming, MI, near… Read more
Cohen Financial Originates Bridge Loan on Grand Rapids Multifamily
Cohen Financial’s Cathy Bronkema has arranged an $11-million short-term bank loan with SunTrust for the acquisition of Cottonwood Forest Apartments in… Read more
Berkadia Arranges CMBS Refi on Grand Rapids Mid-Rise
Berkadia has arranged the financing of Lofts on Michigan, a mid-rise multifamily property in Grand Rapids, MI. Aaron Moll of… Read more
Where are Best Places to Get a Summer Job?
This summer’s job market is likely going to be challenged by the tight U.S. labor market. The national unemployment rate… Read more
Hunt RE Capital Arranges Fannie Refi on Michigan Student Housing
Hunt Real Estate Capital has provided a $15.5-million Fannie Mae multifamily loan to refinance a student housing property in Big Rapids,… Read more
Michigan Senior Housing Project Receives Construction Financing
Redstone Group Management, Inc. secured $24.8 million in construction financing for Traditions at Rivertown, a senior housing complex in Wyoming, MI, a suburb… Read more
Repositioning Pays Off for PREIT in Holiday Traffic
Although not the only shopping center REIT to experience an uptick in holiday traffic over 2017 levels, PREIT may be… 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
Well-located Krispy Kreme Trades in Grand Rapids
A single-tenant net lease Krispy Kreme at 2700 E Beltline Ave SE in Grand Rapids, MI has traded for $1.6… 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
Cohen Arranges $15M Bridge Loan for Minneapolis Apartments
Cohen Financial’s Cathy Bronkema recently secured a $15.35-million bridge loan for the acquisition of the Minneapolis Grand Apartments. The 112-unit… Read more
Meijer Joins $60M Detroit MXU Development
Walker, MI-based Meijer Inc. plans to open its third store in Detroit, as part of East Jefferson Development Co. LLC’s… Read more