P.A. Commercial closes corporate park sale in Michigan
P.A. Commercial closed the sale of Northwood Corporate Park, a trophy office property outside of the CBD in Northville, Michigan. The offering was 100% leased…
Michigan
District Capital provides $5 million in financing for Michigan dollar-store portfolio
Mike Lemon with District Capital recently financed a $5 million construction finance portfolio in Michigan. The four built-to-suit properties in the portfolio are leased by…
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?
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…