Michigan
DLR Group Adds Business Development Leader for K-12 Education Practice
Architecture firm DLR Group recently added Ellen Hanson as K-12 education business development leader in Chicago. In this role, she… Read more
Red Oak Provides Bridge Loan on Hoffman Estates Offices
Red Oak Capital Holdings, a Grand Rapids, MI-based commercial real estate finance company, has provided an $8.3-million bridge loan for Prairie Stone… 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
Malls-Etc. Drops $13M for Covington Square Shopping Center in Lithonia
Malls-Etc. has purchased Covington Square, a 144,585-square-foot shopping center located in Lithonia, GA, for $13.4 million. Craig Taylor of commercial… Read more
The Altman Companies Closes $41M Construction Loan for Orlando Multifamily
The Altman Companies has closed on a $41.2-million construction loan with Comerica Bank to build Altís Grand Lake Willis Phase… Read more
iBorrow Arranges Financing on Manufacturing Facilities in Michigan and Indiana
iBorrow, a nationwide private direct lender for commercial real estate, has provided a $13.5-million loan collateralizing two fully leased single-tenant… Read more
Divaris Real Estate Acquires California’s The McGarey Group
Virginia Beach, VA-based Divaris Real Estate has acquired The McGarey Group, which is now operating as a division of the… 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
Marcus & Millichap Finalizes Deal for Michigan Self-Storage
Marcus & Millichap closed the sale of U-Stor-It, a 41,600-square-foot self-storage facility located in Lansing, MI. Terms of the sale weren’t disclosed.… 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
Buyer Expands into Southwest Michigan with Niles Apartment Deal
Marcus & Millichap arranged the sale of Village West, a 54-unit apartment property located in Niles, MI. The asset sold… Read more
Red Oak Provides Refi on North Chicago Industrial
Red Oak Capital Holdings, a Grand Rapids, MI-based commercial real estate finance company, has provided $3.25 million to refinance and renovate a… 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
Red Oak Debuts Hybrid Fund for Commercial Real Estate Debt
Red Oak Capital Fund VI, LLC, a $75-million Regulation A+, Tier II General Solicitation hybrid offering sponsored by Grand Rapids, MI-based… Read more
MMCC Arranges Acquisition Loan for Detroit-Area Fresh Thyme Market
Marcus & Millichap Capital Corporation (MMCC) arranged a $4,755,000 loan for the purchase of Fresh Thyme Market, a natural food grocery store located… 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
Bradley Company Moves Head Office to Indianapolis, Names New CEO
Bradley Company will establish its principal office in Indianapolis, boosting the state’s largest independently owned full-service commercial real estate firm’s presence in… 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