Michigan
U.S. Retail Sector Continues to Weaken, E-Commerce Increases Market Share, Drags Down Fundamentals
Ten-X Commercial released its latest U.S. Retail Market Outlook, including the top five ‘Buy’ and ‘Sell’ markets for retail real… Read more
Primrose Charts U.S. Market Growth
Primrose Schools has identified more than 200 mid-sized markets as the next target for company growth. With more than 375… Read more
$100M Michigan Lifestyle Center Approved
Developer Robert B. Aikens LLC received approval on Five & Main, a proposed $100-million mixed-use retail project in Southeast Michigan’s… Read more
Cohen Arranges $15M Bridge Loan for Minneapolis Apartments
Cohen Financial’s Cathy Bronkema recently secured a $15.35-million bridge loan for the acquisition of the Minneapolis Grand Apartments. The 112-unit… Read more
Detroit-Area Industrial Facility 100% Pre-Leased
Livonia Corporate Center (Phase II), developed by Ashley Capital, a two-building, 915,000-square-foot, speculative industrial development in Livonia, MI, is 100%… Read more
Developer Partners with JLL to Bring Metro Detroit Property to Market
Developer Sharnosa LLC is planning to move forward with JLL handling leasing and sales at Tower 14, a roughly 255,000-square-foot… Read more
Jonna Realty Breaks Ground on BTS for Autoliv
Automotive safety giant Autoliv has broken ground on what will become its new North American electronics technical center in the… Read more
Brennan, Sidra Form JV for $159M Industrial Portfolio Recapitalization
HFF arranged the $159.2 million recapitalization of a fully-leased, mission-critical 11-property industrial portfolio totaling 2.77 million square feet in seven… Read more
Hunt Lines Up Fannie DUS Financing for Ann Arbor Multifamily
Hunt Mortgage has arranged a $16-million Fannie Mae DUS Green Rewards loan to finance the acquisition of Woodchase Apartments, a… Read more
Lessons from Detroit Will Be Focus of ULI Spring Meeting
This year’s Urban Land Institute Spring Meeting is set for May 1-3 at the Cobo Center in Downtown Detroit. Not… Read more
Jackson Blvd Loft Office Poised to Change Hands for $24M
Market Street Real Estate Partners is under contract to acquire a downtown loft office building at 209 W. Jackson Blvd.… Read more
Apple and Facebook’s Big Data Centers Change Cowtown Culture
According to a 2017 CBRE report, the most active areas for data center construction in the U.S. were Chicago, Detroit,… Read more
Black Salmon Acquires Iconic Tower in Indianapolis for $70M
Miami-based Black Salmon acquired Bank of Montreal (BMO) Plaza in downtown Indianapolis from Chicago-based Hearn and Boston-based CrossHarbor Capital Partners… Read more
Yes! Adds 2,100 Manufactured Home Sites in MI
Denver-based Yes! Communities, among the largest owners and operators of manufactured home neighborhoods, has acquired a portfolio of nine manufactured… Read more
NKF’s Kasselman Brokers Ind. Deals in Chicagoland
NKF’s Geoffrey Kasselman has completed a series of industrial deals—leases as well as sales—in both Chicagoland and the suburbs of… Read more
Tracking a Dozen Hospital Developments Bigger Than $300M
Healthcare-related development is booming. According to Dodge Research & Analytics, construction on healthcare facilities climbed 29% in December 2017 over… Read more
Shopping, Dining Promenade Planned for The District Detroit
Olympia Development of Michigan LLC plans to develop a 43,000-square-foot European-style promenade on Columbia Street in Detroit. The cobblestone-paved street… Read more
Equity Commonwealth Divests Two Assets Totaling 2.4M-SF for $670M
Equity Commonwealth is under contract to sell two commercial real estate properties totaling 2.4 million square feet for $670 million.… Read more
Ford’s $11B Investment
You can see it, it’s electric! Whether you attribute the recent rise in electric vehicles to Tesla or consumers’ desire… Read more