Michigan
Understanding the Current Bond Market Turmoil
The bond market, particularly investment-grade (IG) bonds, is experiencing significant disruption as rate volatility spills over from government bonds. This… Read more
Poag Development Plans $5M in Renovations for Michigan Cinema
Poag Development Group (Poag), and Studio C, a local owner and operator of entertainment destinations, have announced a series of… Read more
Friedman Real Estate Sells Minnesota Circle K Gas Station
Friedman Real Estate has completed the sale of a 6,989-square-foot retail property in Sauk Centre, Minnesota. Friedman Real Estate’s Marc… Read more
TruCore Investments Acquires Industrial Facility in Lansing
TruCore Investments has acquired a fully leased, 30,770-square-foot industrial facility located at 4908 Contec Drive in Lansing, Michigan. The deal… Read more
Marcus & Millichap Brokers Sale-Leaseback of Michigan MOB
Marcus & Millichap has completed the sale-leaseback of a 9,231-square-foot medical office property leased to Stonebrooke Family Physicians in Rochester… Read more
Chicago/Midwest People & Company News, week of March 14, 2025
Todd Stofflet has joined Lument’s growing real estate investment sales team as a managing director. Based in Chicago, Stofflet will… Read more
Marcus & Millichap Facilitates Sale of 17-Suite Retail Center in MI
Marcus & Millichap has completed the sale of Village Crossing, a 17-suite retail strip property located in Spring Arbor, Michigan.… Read more
Will a “Trumpcession” Occur? Atlanta Fed Model Shows Negative GDP Growth, But Don’t Panic
The Atlanta Federal Reserve’s model predicts GDP could shrink by 2.8% in Q1 2025. Perhaps unsurprisingly, headlines pounced on the… Read more
Return to Lender: Week of March 6, 2025
Granite Point Mortgage Trust has taken title to the 140,000-square-foot Lincoln Place office and retail property in Miami Beach, Trepp… Read more
Dwight Mortgage Trust Finances $88M Bridge Loan for Michigan MF
Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, closed a $88.5 million value-add bridge acquisition loan for The Waverly… Read more
Chicago/Midwest People & Company News, week of February 28, 2025
JLL has appointed Travis McCready as the Head of Industries, Leasing Advisory. In this new role, he now oversees brokerage… Read more
Apple Pledges to Spend $500B in U.S. Over Next Four Years
Apple on Monday announced its largest-ever spend commitment, with plans to spend and invest more than $500 billion in the… Read more
Berkadia Detroit Closes Over $1B In Production Volume In 2024
Berkadia’s Detroit office has closed $1.35 billion in production volume in 2024. Berkadia Detroit Mortgage Banking closed $1.2 billion in… Read more
Chicago/Midwest People & Company News, week of February 14, 2025
Newmark has hired Keely Polczynski, a respected retail investment sales professional with more than 20 years of experience, to its… Read more
Bankrupt Fabrics Retailer Joann Plans to Close 500 of Its 800 Stores
Fabrics and crafts retailer Joann will close 500 of its 800 stores in the coming months as it goes through… Read more
Car Wash Operator Spends $50M on 9 Florida Locations
El Car Wash acquired six ZIPS Car Wash (“ZIPS”) Orlando locations and three SPIN Car Wash locations in Broward County,… Read more
Q&A with VirtualPBX’s Justin Goodpaster: Moving Beyond Copper-Based Telephone Lines
In an increasingly digital telecommunications world, there continue to be millions of residential and business customers who depend on technology… Read more
QuadReal Provides Construction Loan for University of Michigan Student Housing
QuadReal Property Group has provided a construction loan to Core Spaces to finance the development of a student housing development… Read more
Walker & Dunlop Secures $25M for MI Senior Housing
Walker & Dunlop has arranged $25.9M in permanent financing for Rivertown Ridge, a senior housing community located in the Grand… Read more