Michigan
Cities Decrease Agency Ratings, While Increasing Debt
A U.S. city will rely on municipal debt — such as bonds — to fund everything from infrastructure repairs to… Read more
PGIM Expands in Cleveland, Adds Veteran Originations Team
PGIM Real Estate Finance expanded in the Midwest, adding a new originations team led by Bruce Gerhart and David Strachan.… Read more
Detroit Multifamily Vacancies at Five-Year Low
Even with additional inventory coming on line, the Detroit metro area’s vacancy rate is at a five-year low, says Marcus… Read more
U.S. Study: Can Freelancers Cope with the Cost of Living?
Did you know that about 57 million people in America are freelancers? Since freelancers have to take into account business… Read more
Repositioning Pays Off for PREIT in Holiday Traffic
Although not the only shopping center REIT to experience an uptick in holiday traffic over 2017 levels, PREIT may be… Read more
LandPark Commercial Tapped for 397 N Sam Houston Parkway East
LandPark Commercial LLC has been named exclusive management and leasing company for 397 N Sam Houston Parkway East, a Class… Read more
VICI Properties, Penn National Gaming Acquiring Detroit Casino-Hotel for $1B
VICI Properties Inc. and Penn National Gaming, Inc. agreed to acquire the Greektown Casino-Hotel in downtown Detroit from Jack Entertainment… Read more
Mid-America Brokers Retail Sale in Suburban Detroit
Mid-America Real Estate Corporation’s investment sales team recently brokered the sale of Waterside Marketplace in Chesterfield Township, MI. The sales… Read more
Greystone Lines Up Fannie DUS Loans for Detroit-Area Apts.
Greystone has provided a total of $46.51 million in Fannie Mae DUS financing to refinance two suburban Detroit multifamily properties.… Read more
Gladstone Makes 1st UPREIT Buy with Detroit-Area Industrial
Gladstone Commercial Corporation has completed the acquisition of a two building, 218,703-square-foot industrial portfolio in the Detroit suburbs of Auburn… Read more
Capital Square 1031 Completes DST Offering, Nine MOBs in Five States
Virginia-based Capital Square 1031 says CS1031 Diversified Dialysis Portfolio, DST, comprised of nine medical office buildings in five states, has… Read more
McCaffery Bringing Food Hall to Fulton Market
Galley Group, which has opened food halls in Pittsburgh, Cleveland and Detroit, has leased 12,912 square feet at McCaffery’s 1115… Read more
Ariel Handles Septet of “Challenging Loans”
Ariel Property Advisors’ capital services division recently arranged $17.5 million in financing for seven transactions. The funding, located throughout the… Read more
TMRS, Transwestern Investment Group Form CRE Partnership
Transwestern Investment Group and the Texas Municipal Retirement System (TMRS) entered into a strategic relationship involving a $250 million commitment… Read more
Green Courte Grows Land-Lease Portfolio with MI Deal
Green Courte Partners has acquired a portfolio of eight land-lease communities in Michigan containing 2,906 sites. Financial terms weren’t disclosed.… Read more
Plastipak Packaging Earmarks $10M for Plant Expansion
Plastipak Packaging announced it would expand its manufacturing operations in Garland, TX beginning in late 2018. The plastic-bottle manufacturer and… Read more
MedMen to Acquire PharmaCann for $682M
Los Angeles-based MedMen Enterprises Inc. is acquiring Chicago-based PharmaCann LLC in an all-stock transaction valued at $682 million. It is… Read more
DealPoint Merrill Plans Revamp of Detroit-Area Center
Los Angeles-based DealPoint Merrill has acquired a shopping center in Southgate, MI formerly anchored by a Kroger supermarket. Seller and… Read more
MI-based Signature Associates Joins TCN Worldwide
Detroit-based Signature Associates has come into the TCN Worldwide fold as its newest member firm selected to join the international… Read more