Michigan
Detroit City Council Okays Amazon Project at Former Fairgrounds
Detroit City Council recently approved a development proposal that would bring a $400-million Amazon distribution center to the former Michigan State… Read more
Avanath Makes Two Buys in CEO’s Detroit Hometown
Irvine, CA-based Avanath Capital Management acquired a pair of apartment communities in Detroit in two separate deals totaling approximately $3.4… Read more
DealPoint Merrill Plans Redevelopment in Detroit Suburb
DealPoint Merrill LLC, based in Los Angeles, acquired a 69,275-square-foot former Kroger Shopping Center on seven acres in the retail… Read more
Beaumont, Advocate Aurora Scrap Merger Talks
Five months after signing a non-binding letter of intent, Advocate Aurora Health and Beaumont Health have mutually agreed to end… Read more
Turner Construction Tapped for $250M Navistar Factory in San Antonio
Navistar International Corp. selected Turner Construction to build its $250-million automotive factory project on San Antonio’s South Side, the San… Read more
Kroger Plans Automated Warehouse in Metro Detroit
Grocery giant Kroger Co. and Ocado will build a 135,000-square-foot Customer Fulfillment Center (CFC) in the Detroit-area city of Romulus,… Read more
City Club, Berkeley Capital Forge Partnership
Cleveland-based private equity firm Berkeley Capital has formed a strategic partnership with developer City Club Apartments, LLC. Via the partnership,… Read more
KeyBank Secures Michigan’s First Freddie Mac Tax-Exempt Loan
KeyBank Real Estate Capital (KBREC) secured 23.2 million of fixed-rate financing for Indianapolis-based Herman & Kittle Properties, Inc. (HKP) to develop… Read more
Brennan Forges JV with Arbah Capital
JLL Capital Markets arranged a Shariah-compliant joint venture equity partnership and $22.9 million in debt financing for the acquisition of… Read more
Lineage Logistics Will Fuel Expansion with $1.6B in Equity
Lineage Logistics, LLC, the temperature-controlled industrial and logistics REIT headquartered in Novi, MI, said Wednesday it had raised $1.6 billion… Read more
Sakthi Automotive Campus Trades in Receivership Sale
Friedman Real Estate closed the $38.5-million receivership sale of the former Sakthi Automotive Group USA, Inc. real estate portfolio. Located… Read more
California Continues to Report “Outsized” Share of Jobless Claims
California’s unemployment claims rose to a total of 237,500 last week, the Labor department reported on Thursday. That reflects a… Read more
Where to Find Some of the Best Opportunity Zone Opportunities
A widespread group of mostly-impoverished, densely-packed urban neighborhoods offers some of the best potential for Opportunity Zone investment, according to… Read more
WNC Closes $153M Institutional Tax Credit Fund
Irvine, CA-based WNC closed WNC Institutional Tax Credit Fund 49 LP (WNC Fund 49). The fund raised $153 million in… Read more
Kofi Bonner Will Step into CEO Role at Bedrock Detroit
Kofi Bonner, former Cleveland Browns chief administrative officer and a leader behind some of California’s most notable recent coastal developments,… Read more
Chicago Tops Midwest List for Tech Startups
Chicago once again topped the ranking of the best Midwest cities for startups, according to a new report from locally based venture… Read more
2020 Next Generation Honoree: Berkadia’s Jason Krug Makes Significant Impact Across Michigan
Jason Krug’s work has had a significant impact on the multifamily real estate landscape in Detroit and across Michigan. With… Read more
CBRE Tapped to Lease Co-Working Space in Detroit
CBRE has been retained by Venture X to lease a 22,000-square-foot co-working facility at 220 W. Congress in Detroit. Brendan… Read more
Amazon Expands Office Footprint, Investing $1.4B in 6 U.S. Cities
Seattle-based Amazon plans to create 3,500 new tech and corporate jobs across six cities in the United States. The company… Read more