Michigan
HFF Secures Financing on Ann Arbor Lodging Property
HFF has arranged acquisition financing on the Holiday Inn Ann Arbor Near the University of Michigan, a 225-room, full-service hotel… Read more
SRS Opens Detroit Office, Adds Trio of Net Lease Pros
SRS Real Estate Partners welcomed three new team members to its newest office in Detroit. Michael Carter and Frank Rogers… Read more
UPS’ Coyote to Establish Tech Hub in Detroit’s Corktown
UPS company Coyote Logistics is set to expand its Chicago-based operations with the creation of a new Tech Hub in Detroit’s Corktown… Read more
Appetite for Food Halls Fuels Retail Sector
By Dennis Kaiser A recently-redeveloped retail center and curated market food hall is up for sale in Irvine, CA. The… Read more
RHP Properties Adds Five-State Manufactured Housing Portfolio
RHP Properties acquired 17 manufactured home communities in five states containing 3,177 sites, including its first communities in Wisconsin. The… Read more
Metro Detroit MXU Listed for $108M
A mixed-use office and retail property in Metro Detroit has hit the market with a combined asking price of $107.6… Read more
Avanath Launches Multifamily Development Group
Irvine, CA-based Avanath Capital Management, LLC launched a new entity focused on new multifamily development opportunities. The group will initially… Read more
$135M Sharia-Compliant Financing Arranged for Multi-State Student Housing Portfolio
HFF arranged the capital stack for a six-property student housing portfolio totaling 911 units with 2,059 beds in Alabama, Florida,… Read more
Cobo Center Inks Naming Rights Deal with Chemical Bank
The Detroit Regional Convention Facility Authority (DRCFA) has awarded the naming rights of Cobo Center to Chemical Bank, the largest… Read more
Hunt RE Capital Arranges Fannie Refi on Michigan Student Housing
Hunt Real Estate Capital has provided a $15.5-million Fannie Mae multifamily loan to refinance a student housing property in Big Rapids,… Read more
CBRE’s Latessa Named to Inaugural Daniel Burnham Fellowship
John Latessa, president of CBRE’s Midwest Division, was recently named to the inaugural class of Leadership Greater Chicago’s Daniel Burnham Fellowship.… Read more
Abandoned Stadiums and Ghost Towns: Wasted Space That Could Be Monetized
Built in 1936 for a specific event—the Summer Olympic Games—the Olympic Village outside Berlin has occasionally been repurposed to other… Read more
Oxford Brings Ann Arbor Offices from 38% to 96% Occupied
Oxford Companies has recently executed nearly 150,000 square feet of leases at 777 E. Eisenhower Pkwy., in the process bringing the… Read more
Broadstone Bags 18-Building Elliott Bay MOB Portfolio
Rochester, NY-based Broadstone Net Lease bought the Elliott Bay National Medical Office Portfolio, an 18-building portfolio of outpatient facilities leased… Read more
WMU Sets Groundbreaking on Next Phase of Business Tech, Research Park
Western Michigan University (WMU) plans to begin development of Business Technology and Research Park 2 (BTR 2) in Q1 2019.… Read more
Detroit Industrial Leads Midwest for Rent Growth, Vacancy Declines
Detroit ended 2018 with the highest year-over-year rent growth and lowest vacancy of any Midwest market, according to CBRE’s Industrial… Read more
Michigan Senior Housing Project Receives Construction Financing
Redstone Group Management, Inc. secured $24.8 million in construction financing for Traditions at Rivertown, a senior housing complex in Wyoming, MI, a suburb… Read more
Mid-America Brokers Retail Center Sale in Jackson, MI
Mid-America Real Estate Corporation’s investment sales team recently brokered the sale of Jackson West in Jackson, MI. The 209,800-square-foot retail center was… Read more
Griffin-American Healthcare REIT IV’s Acquisition Activity Hits $200M Q4 2018
Irvine, CA-based Griffin-American Healthcare REIT IV, Inc. completed the acquisition of 11 healthcare buildings in five states, and a 6%… Read more