Newmark names North Central Region Market leader
Industry veteran Jesse Van Dyke has joined Newmark as Executive Vice President and North Central Region Market Leader. In his new role, Van Dyke will…
Detroit
Income Property Organization lists 120-unit University Club Apartments in Detroit
Income Property Organization has listed the 120-unit University Club Apartments in Detroit for sale. The bid deadline for interested purchasers is Oct. 1. Built in 1993, University Club…
Marcus & Millichap predicting a bright future for Detroit’s retail sector
A bright outlook. That's what Marcus & Millichap is predicting for Detroit's retail sector in its second-quarter Detroit Retail Market Report.
Detroit’s resiliency in full effect as local CRE market remains healthy
It wasn’t too long ago that the news coming out of Detroit was always negative. Today, though? There’s plenty of positivity surrounding Detroit, its suburbs…
Bernard Financial Group provides $11 million in financing for Detroit apartment property
Bernard Financial Group arranged a Freddie Mac loan of $11.003 million for a 103-unit multifamily property in Detroit. The borrower is 40 Davenport LLC. Joshua…
Detroit Industrial Summit: Manufacturing still the star of Detroit’s CRE market
The sweet spot in Detroit's commercial real estate industry? Manufacturing. As the real estate pros working this market will tell you, the manufacturing business in…
ARCO begins construction of cold-storage facility expansion in Detroit market
ARCO National Construction’s Detroit division recently celebrated the groundbreaking of a cold storage facility expansion for Weeks Food Corporation, a fifth-generation, family-owned and operated wholesale…
Detroit’s District Capital pro closes 10 loans in May and June with correspondent life insurance companies
Dave Dismondy with Detroit's District Capital closed 10 loans totaling $21 million in May and June with correspondent life insurance companies. District Capital has a…
CBRE brings some good news: First quarter with positive office absorption in Detroit market since 2022
The second quarter of this year brought some good news for the Detroit-area office sector: For the first time in five quarters, the region's office…
Cinnaire closes $175 million fund to provide affordable housing in Midwest
Cinnaire closed its Cinnaire Fund for Housing Partnership 41, a $175.4 million multi-investor Low-Income Housing Tax Credit fund. The fund comprises 14 investors and will support…