Michigan
CBRE Handling 3-Building Detroit Portfolio Assignment
BASCO hired CBRE for a three-building, 104,000-square-foot office portfolio in downtown Detroit. The properties, 44 West Michigan Avenue, 220 West… Read more
Mercy Health Opening $291M Muskegon Medical Tower
A portion of Mercy Health’s $291 million medical tower in Muskegon, MI is slated to debut early next month, including… Read more
Moceri Opens Michigan Luxury Senior Living Campus
Moceri Companies opened Blossom Ridge, a 329-unit senior living community in Oakland Township, MI, roughly 35 miles north of Detroit.… Read more
Cushman & Wakefield Boosts Detroit Practice with 7 Hires
Cushman & Wakefield significantly expanded its Valuation & Advisory office in Detroit, with the addition of seven appraisers who are… Read more
SRS Opens Detroit Office, Adds Trio of Net Lease Pros
SRS Real Estate Partners welcomed three new team members to its newest office in Detroit. Michael Carter and Frank Rogers… Read more
Metro Detroit MXU Listed for $108M
A mixed-use office and retail property in Metro Detroit has hit the market with a combined asking price of $107.6… 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
WMU Sets Groundbreaking on Next Phase of Business Tech, Research Park
Western Michigan University (WMU) plans to begin development of Business Technology and Research Park 2 (BTR 2) in Q1 2019.… 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
VICI Properties, Penn National Gaming Acquiring Detroit Casino-Hotel for $1B
VICI Properties Inc. and Penn National Gaming, Inc. agreed to acquire the Greektown Casino-Hotel in downtown Detroit from Jack Entertainment… Read more
Law Firm Takes Space in District Detroit Building by Little Caesars Arena
Olympia Development of Michigan signed a nearly 30,000-square-foot lease with Warner Norcross + Judd LLP at The District Detroit, a $1.4-billion mixed-use… Read more
Gilbert’s Bedrock Plans $300M, Resi MXU in Detroit
Bedrock LLC revealed plans for a $300-million residential MXU development on 22 acres of the former Brewster-Douglass housing projects outside… Read more
$533M Jail Complex Approved in Detroit
The Wayne County Building Authority approved a $533-million jail complex in Detroit. The site, located on East Warren Avenue near… Read more
Griffin-American Healthcare REIT IV Acquires MOB Near Detroit
American Healthcare Investors and Griffin Capital Company, LLC, the co-sponsors of Griffin-American Healthcare REIT IV, Inc., reported it acquired Southfield Medical Office Building,… Read more
Bedrock’s $2.15B Detroit Development Projects Clear Final Hurdle
The Michigan Strategic Fund (MSF) provided the final approval for Detroit-based Bedrock’s use of the MIthrive financing tool, clearing the… Read more
Global Net Lease Grabs Five MW Industrial Facilities for $83M
Global Net Lease (GNL), Inc. closed on the acquisition of five industrial assets totaling roughly 1.4 million square feet for $83… Read more
Primrose Charts U.S. Market Growth
Primrose Schools has identified more than 200 mid-sized markets as the next target for company growth. With more than 375… Read more
$100M Michigan Lifestyle Center Approved
Developer Robert B. Aikens LLC received approval on Five & Main, a proposed $100-million mixed-use retail project in Southeast Michigan’s… Read more
Detroit-Area Industrial Facility 100% Pre-Leased
Livonia Corporate Center (Phase II), developed by Ashley Capital, a two-building, 915,000-square-foot, speculative industrial development in Livonia, MI, is 100%… Read more