Michigan
Marcus & Millichap’s Weinstock to Lead Self-Storage Platform
Steven D. Weinstock has been named national director of Marcus & Millichap’s Self Storage Division. The division provides commercial real… Read more
Investor Interest Turns the Midwest into a Multifamily Hot Spot
By Paul Bubny Few regions of the U.S. have seen quite the uptick of investor interest that the Midwest has… Read more
Starwood Retail in Default of Shops at Willow Bend’s $136M Loan
Starwood Retail is in default on its loan for the Shops at Willow Bend. The company has been unable to… Read more
Marelli Leases Former Federal Mogul Space for North American HQ
Automotive supplier Marelli signed a multi-year lease to relocate its North American headquarters to Southfield, MI. The company will occupy nearly… Read more
Christman Co. Acquires Baylor Scott & White Construction Arm
Christman Co. has acquired MEDCO Construction, the construction arm of Baylor Scott & White. Christman’s acquisition of the Grapevine, TX-headquartered… Read more
UAW, GM Hire CBRE to Sell 420K-SF Detroit Offices
CBRE has been retained by a joint venture of the United Auto Workers and General Motors to list and sell… Read more
Related’s Stephen Ross Makes $100M Gift to Detroit Innovation Center
Stephen M. Ross, chairman of Related Cos. and alumnus of the University of Michigan, will make a $100-million philanthropic gift… Read more
IDI Logistics Buys Torrance Industrial for $22M
Atlanta-based IDI Logistics has purchased a 108,186-square-foot industrial investment property at 19145 Gramercy Pl. in Torrance, CA for $21.5 million.… Read more
Simon Acquiring Taubman Centers in $3.6B Deal
Simon Property Group, the nation’s largest mall operator, has agreed to acquire Taubman Centers Inc. in an all-cash deal valued… Read more
Fannie Mae Loans Finance Michigan Apartment Buys
CBRE provided two Fannie Mae DUS conventional loans totaling $15,957,000 to finance the acquisition of two multifamily properties in Michigan. The… Read more
Should I Worry About PFAS?
By Tiffany-Linn Vincent PFAS is currently a hot topic in the environmental community, and with the help of a few… Read more
CMBS Loans Go to Michigan Select Service Portfolio
SVP Francisco Nacorda of Mag Mile Capital completed $23,650,000 in CMBS loans for three hotels as part of a Michigan select service… Read more
A Guide to Midwestern Apartment Markets
By Paul Bubny Among Midwestern metro areas, only Minneapolis/St. Paul figures in the top 10 of Marcus & Millichap’s National… Read more
Hunt Provides Freddie Mac Loans on Michigan Apartments
Hunt Real Estate Capital provided two Freddie Mac conventional loans totaling $18.3 million to refinance two multifamily properties located in Michigan for the same sponsor,… Read more
Gen Z Ready to Buy Homes, Competition Remains Fierce
The oldest members of Gen Z are now 22 years old and beginning to enter the homebuying stage of their… Read more
IRR Expands Michigan Presence, Acquires Genzink Appraisal
Integra Realty Resources (IRR) is expanding its Michigan footprint, acquiring Grand Rapids, MI-based Genzink Appraisal Company. The valuation and consulting… Read more
OpenTable Ranks Top 100 Restaurants in America
Online restaurant reservation website OpenTable has revealed the top 100 restaurants in America for 2019, according to OpenTable diners. The… Read more
Report: Home Prices Increased 5% in November Amid Decline in Inventory
U.S. home sale prices increased 5.2% year-over-year in November to a median of $311,600, according to a new report from… Read more
Hunt Secures Refi of Detroit Apartment Portfolio
Hunt Real Estate Capital provided a 10-year, fixed-rate Fannie Mae DUS conventional multifamily loan of $7.5 million to refinance a multifamily… Read more