Michigan
Manufactured Housing Chugs Along to New Heights
Less glamorous than some higher-profile property types, manufactured housing has also told a story of steady growth throughout the pandemic.… Read more
Quantum Computing Leader Makes Headquarters Move to Chicago
Quantum computing hardware firm EeroQ, founded in Michigan, is moving its headquarters to Chicago. The company has signed a 9,600-square-foot lease as the first tenant at… Read more
Merchants Capital Closes on Tax Credit Equity Funds
Merchants Capital has closed on two tax credit equity funds totaling more than $233.4 million. They include the $172.5-million Fund V, the Carmel, IN-based… Read more
Oxford Capital Partnership Acquires Historic Detroit Hotel, Plans Interior Renovation
Oxford Capital Group, LLC said Friday it planned a full-scale interior renovation of the newly acquired, 453-key Westin Book Cadillac Detroit Hotel at 1114 Washington Blvd. in the… Read more
First National Realty Adds Grocery-Anchored Retail in OH, MI
First National Realty Partners (FNRP) acquired Southland Crossings, a grocery-anchored shopping center located at 1150-1300 Doral Dr., Boardman, OH, south of Youngstown. Terms… Read more
Champion Real Estate Enters Michigan State U. Market
JLL Capital Markets closed the $42.26-million sale of the Michigan State Portfolio, a 292-unit, 524-bed portfolio of student housing communities located just a few blocks from the… Read more
Logistics Firm Expands by 347K SF in Detroit Area
Savills represented Renaissance Global Logistics (RGL) in one of the largest industrial transactions of the year in the metro Detroit… Read more
Tech Platform for Farmers Markets Launches Retail Stores
WhatsGood, a technology provider for online orders at local farmers markets, is opening the first in a series of Chicago-based Farm… Read more
Proper Title Hires EVP of Business Development
Proper Title, LLC, has hired Brent Fielder as EVP of business development. He’ll be responsible for expanding the firm beyond Proper Title’s home state of Illinois, initially with a… Read more
Lightstone More Than Doubles Detroit-Area Multifamily Portfolio
Lightstone has acquired a 27-asset multifamily portfolio in suburban Detroit for an undisclosed sum. The portfolio includes 7,810 multifamily units and an 11,000-square-foot office building and is spread… Read more
Core Spaces Names CFO, CIOs of Student Housing, Built-to-Rent
Chicago-based Core Spaces, a leading developer, owner and operator with a focus on student housing and build-to-rent, said Monday that John Wieker has… Read more
Billion-Dollar Disasters Spur Mitigation Funding
The announcement this week that the de Blasio administration would allocate $110 million to addressing sea-level rise and storm surge that together pose a threat… Read more
LoanDepot Hits a Home Run for Boys & Girls Clubs
By the time the final pitch was thrown ending Major League Baseball’s 2021 League Championship Series, loanDepot racked up more… Read more
JLL Adds SVP to Environmental and Property Condition Team
JLL Valuation Advisory hired Dennis Firestone to join its recently launched Environmental and Property Condition (EPC) team as an SVP for EPC Premier Client Accounts. Based in… Read more
Bluestone Properties Adds Louisville Multifamily to Portfolio
Louisville-based Bluestone Properties has acquired a 274-unit multifamily property, The Ivy, also in Louisville, KY. The Ivy is located off… Read more
No Surprise to Insiders: Student Housing is Resilient in COVID Crisis
Several sectors of the commercial real estate industry have proven to be recession-resistant in the past 18 months, including industrial… Read more
CRC Enters Michigan Market with Two Acquisitions in Troy
Baltimore-based Continental Realty Corporation (CRC) has entered the Michigan market with its acquisition of Oakland Plaza and Oakland Square, two shopping… Read more
Oxford Capital Launches Hotel Project in Detroit’s Corktown
Oxford Capital Group and Hunter Pasteur are launching construction on The Godfrey Hotel Detroit in historic Corktown. Scheduled to open in 2023, the 227-key, seven-story… Read more
SperryCGA Expands with Detroit Affiliate Led by 40-Year Veteran
Sperry Commercial Global Affiliates LLC (SperryCGA) added Sperry Commercial Global Affiliates – Property Investment Counselors as an affiliate in the Detroit market.… Read more