Interest rates still killing deals, even in the steady multifamily sector
Paul Russo sums it up succinctly: “Higher interest rates are killing deals.” And, really, who could argue with that?
Michigan
Friedman Communities to manage 1,500-unit apartment portfolio in the Detroit market
Friedman Communities, a Friedman Real Estate company, has been awarded the management assignment for a large multi-site multifamily portfolio. The portfolio features more than 1,500…
Inland Private Capital Corporation delivers 807-unit self-storage property in Warren
Inland Private Capital Corporation and Devon Self Storage Holdings delivered an 807-unit self-storage property in Warren, Michigan, approximately 13 miles north of downtown Detroit. The…
Bernard Financial Group closes $46.5 million loan for mixed-use property in Detroit
Bernard Financial Group arranged a $46.5 million bridge loan for a trophy hospitality and multifamily mixed-use asset in Detroit. The borrowing entity is Whitney Buildings…
Marcus & Millichap sells 11,160-square-foot Rite Aid in Michigan
Marcus & Millichap negotiated the sale of Rite Aid, a 11,160-square-foot net-leased property in Holland, Michigan. The asset sold for $1.575 million. Mitchell Kiven and…
Encore Real Estate Investment Services sells six-unit apartment complex in Kalamazoo
Paul Russo, senior director of multifamily investment sales with Encore Real Estate Investment Services, recently closed the sale of a six-unit, class-C apartment complex in…
Commercial Real Estate Hall of Fame: Duffy+Duffy Cost Segregation’s Craig Miller
Each year, Midwest Real Estate News inducts a new class into its Commercial Real Estate Hall of Fame. Here is a look at one of…
The boom in built-to-rent single-family housing: What’s behind the growth in this housing type?
One of the fastest-growing segments of the U.S. housing market? According to recent research from Berkadia, it's built-to-rent single-family homes, homes that look like traditional…
Woodward bound: An important and iconic Michigan motorway presents an intriguing and diverse range of retail opportunities
Woodward Avenue is not just an important Michigan roadway, it is a historic and even iconic piece of Americana. The 27-mile-long artery running from Detroit…