Michigan
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
Warehousing REIT Lineage Announces $100M Investment in Its Workforce
Lineage, Inc., a Michigan-based global temperature-controlled warehousing REIT, today announced a $100 million investment in its workforce. Eligible U.S. team… Read more
Trilogy Health Services Announces Midwest Expansion
Trilogy Health Services, a provider of senior and assisted living services, announced an investment to develop and expand senior living… Read more
Cold Storage REIT Lineage Launches IPO at $19B Valuation
Lineage Inc., a cold storage REIT, has announced the pricing of its initial public offering, valuing the company at around… 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
University of Michigan Taps Developer to Build Student Housing Community
The University of Michigan has engaged American Campus Communities (ACC) to lead the development of a new residential community. Together… Read more
19K-SF Car Dealership, Service Center in MI Sells for $7M
Friedman Real Estate’s Bruce Morrison recently completed the sale of a 19,000-square-foot car dealership and service center located at 55800… Read more
Friedman Real Estate Facilities Sale-Leaseback of Michigan Dispensary
Friedman Real Estate’s Steven Silverman recently closed the Sale-Leaseback of Quality Roots located at 350 E 14 Mile Rd in… Read more
Chicago/Midwest People & Company News, week of June 28, 2024
Kiser Group has promoted three team members, Jackson Medina, Noah Shutan, and Hunter Wern, from Associates to Advisors. This advancement… Read more
Lakeside Mall in Sterling Heights Poised for $1B Redevelopment
Lakeside Mall, a Sterling Heights, Michigan retail destination that opened in 1976, will close on July 1 in preparation for… Read more
Friedman Real Estate Leases MI Retail Space to Coffee Shop
Friedman Real Estate’s Greg Hornby recently leased 4,500 square feet of retail space at Southgate Shopping Center, located at 13627… Read more
Merchants Capital Provides $81M for Michigan Mixed-Use
Merchants Capital has secured more than $81 million in total financing on behalf of Magnus Capital Partners for HōM Flats… Read more
Baum Family Investments Acquires Midwest Net Leased Properties
Baum Family Investments (BFI) completed the acquisition of two prime single-tenant net leased properties. The properties are leased to blue-chip… Read more
Life Sciences Company Opens Ann Arbor Bioanalytics Facility
Sartorius, a biopharma and life sciences firm, has opened its new Center of Excellence for bioanalytics in Ann Arbor, Michigan,… 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
Thompson Thrift Hosts Ribbon Cutting for Grand Rapids Apartments
Thompson Thrift recently celebrated the company’s third Michigan development, The BLVD at Wilson Crossings. Located near the intersection of Wilson… Read more