Michigan
California Population Increases But Less Than National Pace
The U.S. Census Bureau announced the U.S. population (308.7 million) and the statewide breakdown this week. While the state population… Read more
Greystone, Greystone Bel Team on HUD Financing for Michigan Apartments
Greystone and Greystone Bel Real Estate Advisors teamed to close the sale of, and provide financing for, Woodview Village, a… Read more
CA, NY, IL to Lose Congressional Seats, TX and FL to Gain in Census-Driven Reapportionment
Six states will pick up seats in the U.S. House of Representatives and seven will lose under the Congressional apportioning… Read more
Marcus & Millichap Closes Deal for Twin Cities Apartments
Marcus & Millichap arranged the sale of Sibley Cove, an 81-unit apartment property located in Maplewood, MN, within the Twin Cities metro… Read more
Deurbanization Means Two Different Things in Charlotte and San Francisco
On the question of office workers returning to the office as the economy reopens, Green Street’s view is that about… Read more
VanWest Grows Self-Storage Footprint with Michigan Properties
Denver-based VanWest Partners has added five Michigan properties to its newest fund, VanWest Self Storage Fund II, LLC. Year to date,… Read more
Red Oak Branches Out into Irvine
Red Oak Financial, a Michigan-based commercial real estate finance company, is expanding its national platform in California. The firm is… Read more
San Diego Clocks in Third for Self-Storage Deal Volume
Nationally, more than 46 million square feet of storage space traded last year, for a combined $3.68 billion, a 6… Read more
Federal Funds Advance $70B in Highway Improvements
State governments leveraged $29 billion in federal funds to advance $70 billion in highway improvements during fiscal year 2020, according… Read more
JLL Closes Sale of Kalamazoo Apartments
JLL Capital Markets closed the $19.65-million sale of the Lakeview Apartments in Kalamazoo, MI. The JLL team worked on behalf of the… Read more
Walker & Dunlop Structures $127M for SNFs in Midwest, Northeast
Walker & Dunlop structured $126,646,733 in financing for seven skilled nursing facilities located in the Midwest and Northeast. Senior managing director Jonathan… Read more
Watermark Plans Luxury Rentals in Detroit Suburbs
Watermark Residential, a wholly owned affiliate of Thompson Thrift, acquired 20 acres of land in the New Hudson community of Lyon… Read more
ERCOT Board Members Resign Following Power Crisis
Top board members of Texas’ embattled power grid operator, Electric Reliability Council of Texas (ERCOT), resigned this week. These resignations… Read more
Morgan/Olayan Partnership Snares 14,000-Unit MF Portfolio
A partnership of Morgan Properties and Olayan America has acquired a portfolio of 48 apartment communities and 14,414 units in… Read more
LIHTC Veteran Joins Marcus & Millichap
Jeremiah Jarmin has joined the Affordable Housing Advisors (AHA) of Marcus & Millichap as a senior national director LIHTC. Based… Read more
TX Exporters Fare Better Than Those in Other States
In a year of unmatched economic decline, unprecedented job losses and thousands of business closures, Texas exporters were not spared… Read more
Core Spaces Forms $1B Student Housing JV
Core Spaces, a developer, owner and operator of mixed-use properties in educational markets, announced has formed a new joint venture with two of the… Read more
Lefty’s Famous Cheesesteaks Set to Open SoCal Flagship in 2021
Lefty’s Famous Cheesesteak & Grill recently inked an end cap space at 2071 E. Highland Ave. in San Bernardino. Lefty’s… Read more
Off-Market Portfolio Sale Reinforces Net Lease Market
A $33-million off-market portfolio sale reinforces the continued strength of the single-tenant net-lease market. The 10 single-tenant net-leased retail assets… Read more