Michigan
KeyBank Arranges $40M in Fannie Mae Loans on Apartments in Michigan, Southeast
KeyBank Real Estate Capital (KBREC) secured $40.2 million of fixed-rate Fannie Mae financing for The Benchmark Group, a real estate developer,… Read more
Archdiocese of New York Names Director of Real Estate
Cardinal Timothy Dolan, Archbishop of New York, has appointed Paula Roy Carethers as director of real estate for the Archdiocese of New York. Founder of… Read more
Detroit’s Redeveloped Book Tower Will Feature ROOST Apartment Hotel
Bedrock, Detroit’s largest real estate developer, will make the Book Tower home to ROOST Apartment Hotel, Detroit’s first high design… Read more
Mag Mile Capital Arranges Refi on Ann Arbor Offices
Mag Mile Capital’s Chicago office recently closed a $7,000,000 loan for 600 S. Wagner Rd., a 128,000-square-foot office/flex space in Ann Arbor, MI. The recourse loan was… Read more
Former Studio Movie Grill Rebrands, Reopens in Chatham
Detroit-based Emagine Entertainment has reopened a former Studio Movie Grill location in the South Side’s Chatham neighborhood. Now known as Chatham Cinema Powered… Read more
Madison Marquette to Develop 135-Bed Senior Living Facility in Punta Gorda Isles
Real estate services provider, investment manager, developer and operator Madison Marquette has announced the closing of a construction loan and… Read more
Panda Biotech Picks Up Buildings with Rehab in Mind
An $8.16 million acquisition loan was recently obtained for a two-building, nearly 473,000-square-foot industrial property situated on more than 97… Read more
Pembrook Names Two Senior Advisors on Its Affordable Housing Lending
Pembrook Capital Management LLC (PBC) has named two senior advisors to expand the Midtown Manhattan-based firm’s efforts to address racial and economic inequality… Read more
Art Deco Detroit Landmark Converted to Apartments
A joint venture of Lutz Real Estate Investments and Northern Equities Group has completed its $70-million renovation of The Albert Kahn Building… Read more
Fastest Labs Accelerates Development Efforts
With a heightened demand for services, Fastest Labs has accelerated development efforts with the goal of reaching 100 signed agreements… Read more
Cities Benefit from Increased Tree Canopies
American Forests recently released its first tally of Tree Equity scores, a calculation that evaluates equitable distribution of tree cover… Read more
Chicago’s Latest Travel Order Lists No States in Quarantine Tier
For the first time since the Chicago Department of Public Health (CDPH) began issuing its Emergency Travel Order in July… Read more
Berkadia Lines Up Acquisition Loans on Indy Metro Apartments
Berkadia arranged financing for Barton Farms and Bexley Village, two multifamily properties located in Greenwood, IN, near Indianapolis. Managing director Jason… Read more
Interra Realty Adds Two Team Members to Support Growth
Interra Realty has hired Michael Sessa as associate and Sydney Wysocki as marketing coordinator to support the firm’s continued growth. Despite challenges posed by the COVID-19… Read more
VillageMD Finds Value in Local Clinics After COVID
VillageMD is continuing its commitment in Houston to increase access to quality healthcare with new Village Medical clinics in Houston,… Read more
Bedrock Acquires Detroit Riverfront Complex from Stroh Cos.
Bedrock has acquired 300 River Pl. on the Detroit riverfront from The Stroh Companies, Inc. Originally developed between 1928 and 1939… Read more
Ford Plans Battery Center of Excellence in Detroit Suburbs
Ford recently unveiled plans for a global battery center of excellence – called Ford Ion Park – to accelerate research… Read more
Eli Broad Leaves Lasting Mark on Real Estate, Art, Philanthropic World
Eli Broad, the entrepreneur turned philanthropist and art collector who was instrumental in shaping the art and cultural scene of… Read more
RHP Pays $184M for 3-State Manufactured Housing Portfolio
RHP Properties, headquartered in Farmington Hills, MI, has acquired the Heritage Portfolio, a collection of 29 manufactured home communities in Illinois, Indiana and Michigan containing… Read more