Michigan
Mid-America Brokers Deal for Detroit-Area Community Center
Mid-America Real Estate Corporation’s investment sales group recently brokered the sale of Clawson Center, a 100% leased community center with… Read more
JV of Taconic Capital, Friedman Real Estate Acquires Rite Aid Industrial Portfolio
A joint venture of New York-based Taconic Capital Advisors and Farmington Hills, MI-based Friedman Real Estate has acquired a 1.23-million… Read more
Highlands Vista Acquires Mobile Multifam Portfolio from StoneRiver
Cushman & Wakefield has arranged the sale of a three-property multifamily portfolio of communities in Mobile, AL: Ashford Place, Huntleigh… Read more
BEB Lending Enters Michigan Market with Bridge Loan
BEB Lending, the finance platform of BEB Capital, provided a $6.965-million bridge loan to 1029 SFG Equities LLC for the acquisition financing of a 365,000-square-foot industrial property at 12640… Read more
Lument Arranges $87M Refi for Midwest SNF Portfolio
Lument closed an $87-million facility via the HUD/FHA Section 223(f) program to refinance nine skilled nursing facilities totaling 691 beds… Read more
Greystone Provides Fannie Mae Green Loan for Lansing-Area Apartments
Greystone has provided a $48,000,000 Fannie Mae Delegated Underwriting & Servicing (DUS) green loan to acquire a 406-unit multifamily property… Read more
Newmark Arranges 742K-SF Industrial Lease in Detroit Suburbs
Newmark arranged a 741,923-square-foot industrial lease with an undisclosed tenant at Wixom Assembly Park, a two-phase, five-building, 1.6-million-square-foot industrial park… Read more
Pols Seek Federal Funding for Chicago Union Station Rehab
City and state officials, federal lawmakers and regional transportation leaders joined together at Chicago Union Station to urge federal funding… Read more
Axiom Group Leases Michigan Facility for First U.S. Location
Avison Young negotiated the lease of a 123,000-square-foot industrial office building at 14898 Koehn Rd. in Mussey Township, MI on… Read more
Churchwick Partners, Rockledge Complete Sonesta Portfolio, Buying Hotels in Missouri, Minnesota and Michigan
In conjunction with Churchwick Partners, David Kaye and Joe Listhaus of Rockledge completed their Sonesta portfolio acquisition by adding another… Read more
Diversified Synergies LLC Signs for 200K SF at Bedrock Industrial Campus
Bedrock, Detroit’s largest real estate developer, today announced a five-year agreement with Diversified Synergies LLC (DSL) to lease approximately 200,000… Read more
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
Kellogg to Split into Three Companies, with Largest Based in Chicago
Kellogg Company said Tuesday that its board of directors has approved a plan to separate its North American cereal and… Read more
Michigan Innovation Headquarters Acquires Eastern Michigan University Building
Michigan Innovation Headquarters (MI-HQ), a top player in developing innovative life science and technology workspaces, has entered a purchase agreement… Read more
JLL Capital Markets Closes on Nationwide Portfolio of Grocery Anchored Retail Venues
JLL’s Capital Markets group has closed on the $278.153-million sale of a portfolio comprising eight grocery-anchored retail properties totaling 687,000… 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
REDICO Completes 87-Acre Village at Bloomfield
REDICO has completed its The Village at Bloomfield redevelopment. The 87-acre mixed-use development is centrally located on Telegraph at the… Read more
Dodge Momentum Index Up 7% in May on Non-Residential Construction Planning
The Dodge Momentum Index (DMI) jumped 7% in May to 176.2 (2000=100), up from the revised April reading of 165.2. … 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