Detroit

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…

Chicago lagging the pack when it comes to new apartment construction

When it comes to new apartment construction, Chicago is lagging behind many other big cities. A new report says that the Windy City ranked just…

District Capital closes $7 million loan for 140-bed student-housing property at Detroit university

Michael Lemon with District Capital placed a $7million loan on a 140-bed student housing property at Wayne State University in Detroit.  The loan was closed…

New report: Industrial rents still rising in Detroit, but at a slower pace

The average rent for industrial space in Detroit did increase in April. But that increase was a small one.

JLL to provide advisory services for multiphase sports facility in Romulus

JLL and its Project and Development Services (PDS) group has been selected by Motown Sports Group Holdings, Inc. to provide project management advisory services for…

Pogoda Companies inks new management contracts for self-storage facilities in Detroit, Dayton

Michigan-based Pogoda Companies signed two new management contracts in Detroit, Michigan, and Dayton, Ohio. National Storage-New Center has 19,200 square feet of climate-controlled space in…

Top manufacturing markets? Dallas and Chicago take the top two slots

Dallas and Chicago led the way in a new report highlighting the nation's top-20 metropolitan areas for manufacturing.

Two CRE veterans with Cresa honored by SIOR

Cresa’s Ryan Bertin and Curt Stanton were recently honored by the Society of Industrial and Office Realtors® (SIOR) for its 2023 Top Transaction Awards in the category of…

District Capital closes $3.15 million loan for Michigan neighborhood center

Dave Dismondy with District Capital closed a $3.15 million loan on a 31,500-square-foot neighborhood center in a tertiary market in Michigan.  The correspondent life insurance…

Gerdom Realty & Investment closes sale of 7,960-square-foot building in Detroit

The Gerdom Realty & Investment team of Jack Melton and Michael Murphy represented the seller of the 7,960-square-foot freestanding building on Grand River Avenue in…