Michigan
Morning Calm Claims 9-Property MW Industrial Portfolio
Boca Raton, FL-based Morning Calm Management acquired a nine-property industrial portfolio in Metro Detroit from Promanas Group for $83.7 million.… Read more
Catylist Partners with Moody’s on Marketplace for National CRE Listings
Ann Arbor, MI-based Catylist launched Commercial Exchange, a national commercial real estate marketplace. The new service has sale and lease… Read more
Beaumont Health Leases 125K SF of High-Tech Industrial
CBRE recently represented ownership in a 124,564-square-foot lease to Beaumont Health at 41965 Ecorse Rd. in Belleville, MI. The tenant… Read more
Money360 Closes Quarter Billion in CRE Loans
Ladera Ranch, CA-based Money360 surpassed another quarter billion dollars in loan closings. That pushes the technology-enabled direct lender closer to… Read more
Knighthead Funds $75M Construction Loan for Florida Condo Development
Knighthead Funding, LLC has funded a $75 million construction loan to complete a luxury condominium development in Sarasota, FL. With… Read more
Fannie Mae Loan Goes to Detroit-Area Multifamily
Berkadia has arranged $23.12 million in financing for Ashford Apartments, a garden-style multifamily property in the affluent Detroit suburb of… Read more
UBS Opens First Detroit Office at Bedrock’s Historic S.S. Kresge Co. Building
UBS Financial Services Inc. plans to open a new 11,000-square-foot branch office in downtown Detroit’s historic Woodward shopping district. The… Read more
CBRE Handling 3-Building Detroit Portfolio Assignment
BASCO hired CBRE for a three-building, 104,000-square-foot office portfolio in downtown Detroit. The properties, 44 West Michigan Avenue, 220 West… Read more
Mercy Health Opening $291M Muskegon Medical Tower
A portion of Mercy Health’s $291 million medical tower in Muskegon, MI is slated to debut early next month, including… Read more
Moceri Opens Michigan Luxury Senior Living Campus
Moceri Companies opened Blossom Ridge, a 329-unit senior living community in Oakland Township, MI, roughly 35 miles north of Detroit.… Read more
Avanath, Opportunity Assets Group Launch $300M QOZ Fund
Irvine, CA-based Avanath Development, LLC and Opportunity Assets Group, LLC launched a Qualified Opportunity Zone Fund with a target raise… Read more
Greystone Arranges HUD Loan for New Build in Metro Detroit
Greystone has provided a $17,665,500 HUD-insured loan to finance the new construction of 409 on Nine, a 127-unit mixed-use property… Read more
Fairlife Expanding, Building $200M+ Production Facility in Goodyear, AZ
A new 300,000-square-foot production and distribution facility is being built by fairlife, LLC in Goodyear, AZ. The more than $200-million… Read more
Connect Media Adds Marketing/Events Veteran Carol Atkins to Chicago Team
Connect Media is pleased to announce that it has retained Carol Atkins, President, A.M. Real Estate Communications, LLC, to produce its Connect… Read more
CAPREIT Makes Second Apartment Buy in Michigan
CAPREIT has acquired Silver Lake Hills, a 310-unit market-rate apartment community in Fenton, MI, for an undisclosed sum. It’s the… Read more
Cushman & Wakefield Boosts Detroit Practice with 7 Hires
Cushman & Wakefield significantly expanded its Valuation & Advisory office in Detroit, with the addition of seven appraisers who are… Read more
GM Plans $300M Investment in U.S. Plant for Electric Cars
General Motors is investing $300 million in its Orion Township, MI assembly plant to produce a new Chevrolet electric vehicle… Read more
Top Broker Honoree: Kevin Larimer
Kevin Larimer directs Berkadia’s National Student Housing Advisor Group, which completed $354.5 million of investment sales in the student housing… Read more
Gentrification and O-Zones
The Opportunity Zone program tucked within the Tax Cuts and Jobs Acts of 2017 focuses on pouring billions of capital… Read more