Michigan

L. Mason Capitani closes sale of three-building industrial portfolio in Clinton Township

L. Mason Capitani closed a 15-year sale/leaseback transaction in Clinton Township, Michigan. The transaction involved a campus of three industrial buildings measuring 97,328 square feet,…

Mid-America brokers sale of 444,709-square-foot retail center in Grand Rapids market

Mid-America Real Estate Corporation’s Investment Sales Group recently brokered the sale of Shops at Centerpoint, an institutional quality regional center serving the rapidly growing Grand Rapids, Michigan…

Gerdom Realty & Investment negotiates lease to help fill space at Michigan retail center

The Gerdom Realty & Investment team of Owen Kelly and Tjader Gerdom represented the landlord, Laurencelle Properties, in leasing the 1,248-square-foot space at Village Landing…

L. Mason Capitani brokers sale of Class-A office property in Troy

L. Mason Capitani CORFAC International closed the sale of Wilshire Plaza, a Class-A office property in Troy, Michigan. Mason L. Capitani facilitated the transaction on…

Insite Commercial sells 4,800-square-foot office building in Michigan

Insite Commercial closed the sale of a 4,800-square-foot office building at 21015 Mack Ave. in Grosse Pointe Woods, Michigan. Larry Balone of Insite Commercial represented…

Positive news for the start of 2025? Office vacancy rate falls for key Michigan market

A positive sign for the office sector as 2025 begins? Swisher Commercial in its 2024 Year-End Vacancy Report said that the overall vacancy rate for…

Cushman & Wakefield brokers sale of Henry Ford Health Rochester Hospital MOB in Michigan

Cushman & Wakefield’s Healthcare Capital Markets group represented Detroit-based developer/investor KIRCO in its sale of the Henry Ford Health Rochester Hospital Medical Office Building in Rochester,…

Detroit’s District Capital closes $45 million loan on 450,000-square-foot industrial warehouse

Dave Dismondy with Detroit-based District Capital closed a $45 million loan on a 450,000-square-foot industrial warehouse in the Midwest. The asset is leased to a…

Marcus & Millichap negotiates sale of bank property in Southfield

Marcus & Millichap closed the sale of a net-leased Huntington Bank property in Southfield, Michigan. The property sold for $2.15 million. Ashish Vakhariya, Seth Haron…

Detroit retail sector ends 2024 by showing its reslience

Vacancies are up slightly but so are rents. That's the takeaway from Marcus & Millichap's fourth-quarter Detroit metropolitan retail report.

Michigan

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