Detroit

Insite Commercial sells freestanding retail building in Detroit

Insite Commercial closed the sale of a 4,286-square-foot freestanding retail building at 20404 Woodward Ave. in Detroit. Mo Abubars of Insite Commercial represented the seller…

Colliers Detroit closes sale of 66,000-square-foot warehouse and distribution center in Auburn Hills

Colliers Detroit brokered the sale of 66,000 square feet of industrial warehouse and distribution space at 1227 Centre Road in Auburn Hills, Michigan. Joseph Gatliff,…

Colliers boosts Detroit office with addition of SVP

Colliers has added Dan Morse to its Detroit office. Appointed Senior Vice President, Morse brings over 22 years of experience in commercial real estate to…

Cubicles? They’re out. Bedrooms? They’re in Planned office-to-apartment conversions hit record level

It's no secret that the office sector continues to struggle, with Class-B and -C buildings especially battling soaring vacancy rates. Many of these buildings, though,…

Bernard Financial Group closes $24.3 million loan for Detroit hotel

Bernard Financial Group arranged a $24.3 million CMBS loan for a 110-key hotel in Detroit. The borrower is Metropolitan Building SPE LLC. Dennis Bernard, Joshua…

U.S. office sector doldrums continued into end of 2023

The U.S. office sector ended 2023 in much the same way it started the year: Vacancy rates were up and asking rents were down.

Reshoring, higher interest rates and a slowdown in deal activity: These all defined 2023’s industrial sector

A surge in U.S. manufacturing. High interest rates that choked off deal activity. A clog in the development pipeline. These were all key trends in…

Friedman Real Estate and Blue Cross Blue Shield extend lease at key Detroit office building

Friedman Real Estate and Blue Cross Blue Shield of Michigan executed a long-term lease in the iconic 500 River East Tower that is mutually beneficial…

Gerdom Realty & Investment helps soul food restaurant find new home in Detroit

Jack Melton and Michael Murphy of Gerdom Realty & Investment represented the landlord in leasing 2,500 square feet to Spoonfulls Great Soul Food in Detroit.…

Detroit’s District Capital adds CRE veteran to roster

Detroit's District Capital has hired commercial real estate industry veteran Jon Potvin. Potvin will be tasked with developing and managing the Grand Rapids, Michigan, office…

Detroit

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