RD Management to transform vacant Kmart into mixed-use development
RD Management plans to develop the mixed-use Muskegon Shopping Center at 3530 Henry St. in Muskegon, Michigan. The new project will include the removal of…
Michigan
Marcus & Millichap sells 18,000-square-foot net lease property in Michigan
Marcus & Millichap closed the sale of Tractor Supply, a 18,104-square-foot net-leased property in Saline, Michigan. The asset sold for more than $2.9 million.
Franklin Partners’ office building in Grand Rapids gains new tenant
Professional services firm BDO has joined the roster of employers at 5300 Patterson Avenue in Grand Rapids Michigan, a building owned by Franklin Partners.
Greystone provides $17 million in financing for Michigan mixed-use development
Greystone has provided a $17.665 million HUD-insured loan to finance the new construction of 409 on Nine, a 127-unit Green-certified mixed-use property located on Nine…
Detroit’s District Capital launches capital markets platform
Detroit, Michigan-based District Capital has launched its Capital Markets and Servicing Platform to meet demand in the city’s hot commercial real estate market.
Newmark Knight Frank adds industry vets to Detroit practice
Global commercial real estate advisory firm Newmark Knight Frank recently expanded its Valuation & Advisory practice with the addition of the Detroit team led by…
Cushman & Wakefield adds seven appraisers to Detroit office
Cushman & Wakefield has significantly expanded its metro Detroit office for the second time this year with the addition of seven appraisers to the valuation…
Retail leases and rent payments: Timing is everything
Two recent client situations remind me of a critical lease issue that sometimes gets overlooked. In each situation, the tenant entered into a retail lease…
Newmark Knight Frank: Detroit office market surging
Demand for office space in Detroit continues to rise. The proof? The office vacancy rate in the metropolitan Detroit area fell 30 basis points to…
Zolman Restoration completes $70 million in projects with Sachse Construction
Zolman Restoration, a full-service restoration company committed to rapid response for commercial and residential clients in need of water, mold or fire-damage recovery, recently completed…