The Herrick Company closes $150 million purchase of corporate HQ building in downtown Detroit
The Herrick Company has purchased a 421,481-square-foot corporate headquarters building in downtown Detroit for $150 million.
Detroit
Matt Shane and Friedman Real Estate launch new commercial mortgage banking firm, SF Capital
Full-service commercial real estate firm Friedman Real Estate has brought in a veteran of the commercial mortgage banking industry to create a new subsidiary focused…
Cinnaire closes $151 million in committed capital for equity fund
Cinnaire closed the Cinnaire Fund for Housing (Fund 39), a $151 million multi-investor Low-Income Housing Tax Credit fund. The fund will support the creation of 1,464…
How is Detroit spending its COVID relief dollars? Mostly to clean up blighted commercial corridors
How is the city of Detroit spending its COVID recovery funds? According to new research from the Federal Reserve Bank of Chicago, Detroit officials are…
Amazon’s pullback. Economic uncertainty. Higher interest rates. They’re all causing a slowdown in the industrial sector
Economic uncertainty? It's hit the industrial sector, too, according to the latest research from CommercialEdge.
Insite Commercial closes 8,400-square-foot retail lease in Detroit
Insite Commercial brokered the lease of an 8,400-square-foot retail building at 15725 Grand River in DetroiI. Zak Shepler and Kyle Nelson of Insite Commercial represented…
Bedrock bringing Monroe Street Midway back to downtown Detroit
Bedrock is bringing back its Monroe Street Midway to downtown Detroit for the 2023 Summer season. The destination will offer a range of family-friendly experiences…
Insite Commercial closes lease for wireless company at Detroit retail center
Insite Commercial closed a lease of 1,414 square feet of retail space to Cricket Wireless at Mack Alter Square at 14728 Mack Ave. in Detroit,…
Friedman Real Estate closes 41,400-square-foot office lease in Detroit
Friedman Real Estate completed a new lease for 41,400 square feet of office space at 601 W. Fort St. in Detroit. The Fort Street building…
Bernard Financial Group originates $29.9 million loan for Detroit multifamily property
Bernard Financial Group closed a multifamily construction loan of more than $29.9 million for 161 residential units in Detroit. Dennis Bernard and Joshua Bernard originated…