Michigan
AT&T Bags $850M in Upfront Proceeds from Sale-Leaseback of Central Offices
As part of its legacy network transformation, AT&T Inc. completed a structured sale-leaseback of underutilized central office facilities with private real estate… Read more
SFR Rent Growth Slows, Metrics Vary by Region
Single-family rental homes once boasted high rent growth due to expanding demand. But things have changed, as national SFR rent… Read more
Cushman & Wakefield Arranges Sale of Rochester MOB
Cushman & Wakefield’s Healthcare Capital Markets group represented Detroit-based developer/investor, KIRCO, in its sale of the Henry Ford Health Rochester… Read more
Dubai-Based EDGNEX Plans $20B Expansion into U.S. Data Center Market
Dubai-headquartered global digital infrastructure company EDGNEX Data Centers by DAMAC plans to enter the U.S. market, targeting a 2,000-megawatt capacity… Read more
Kiser Group Expands Into Minneapolis-St. Paul Market
Kiser Group has expanded into Minnesota by partnering with multifamily broker Robert Dulin to open a multifamily brokerage office in… Read more
U.S. Apartment Rent Growth Eases to 1% in Q4 2024
National year-over-year asking rent growth eased to 1.0% in December 2024 compared to 1.1% at the end of September 2024,… Read more
Marcus & Millichap Brokers Sale of Teijin Automotive HQ in Michigan
Marcus & Millichap has completed the sale of 255 Rex Blvd., a 68,839-square-foot office property leased to Teijin Automotive in… Read more
CRC Sells Retail Plaza in Michigan for $26M
Continental Realty Corporation (CRC), on behalf of Continental Realty Opportunistic Retail Fund I, LP (CRORF), has completed the sale of… Read more
Midwest Napa Auto Parts Portfolio Sells for $70M
JLL has secured the $70.254 million sale of Napa Auto Portfolio, comprising 41 net-leased retail properties across six Midwest states. JLL… Read more
Cawley Completes 200K-SF in Tenant Representation Deals
Cawley Commerical Real Estate announced the completion of nine tenant representation transactions totaling over 200,000 square feet across the Chicagoland… Read more
Dominium Obtains Construction Loan for Manor Affordable Housing Venture
Associated Bank and Great Southern Bank funded a $60,472,000 construction loan for Dominium to build a 324-unit affordable housing project, Emblem at… Read more
Red Oak Provides $14.5M for Detroit Shopping Center
Red Oak Capital Holdings, LLC has provided $14.5 million in financing for Gateway Center, a 272,300-square-foot regional shopping center in… Read more
PREIT Secures $80M Refinancing for Grand Rapids Mall
PREIT has completed the refinancing of Woodland Mall in Grand Rapids, Michigan. The $80 million mortgage, originated through a well-known… Read more
Chicago/Midwest People & Company News, week of November 22, 2024
Coastal Ridge, a real estate investment, development and property management firm exclusively focused on rented residential strategies, announced that Peter… Read more
Berkadia Sources $28M for Detroit Industrial Development
Berkadia JV Equity & Structured Capital, led by Noam Franklin, Cody Kirkpatrick, Chinmay Bhatt, Alex Bonda and Luke Safranek of… Read more
Experiential Entertainment Venue to Open in Detroit
Developer Bedrock announced that Cosm, an immersive technology, media and entertainment company, will bring a shared reality live sports and… Read more
JLL Completes Recapitalization of $725M Senior Housing Portfolio
JLL has arranged the recapitalization of a $725 million, 20-asset seniors housing portfolio spanning the Sunbelt, Northeast and Midwest markets.… Read more