Detroit

MichiganIndustrial

Newmark provides $150 million in acquisition financing for 24 Midwest industrial properties

On behalf of Burton-Katzman and DRA Advisors, Newmark has arranged about $150 million of financing proceeds to facilitate the acquisition of 24 strategically located industrial properties across…

MichiganOffice

Signature Associates: Expect even more office challenges in Detroit this year

The overall office vacancy rate in the Detroit market climbed to 22.67% in the fourth quarter of 2022. And CRE firm Signature Associates says that…

MichiganHealthcare

Baker Barrios Architects wraps work at Veterans Affairs domiciliary and health clinic in Detroit

Baker Barrios Architects has completed work on a 32,248-square-foot Veterans Affairs domiciliary and health clinic in Detroit. In addition to the clinic, the building includes…

MichiganRetail

Poised for a big year: Detroit’s retail sector enters 2023 with head full of steam

Detroit's retail sector ended 2022 on a strong note, with its vacancy rate falling and absorption levels returning to positive territory.

MichiganCRE

Big plans: Bedrock launching 1.5-million-square-foot mixed-use development in downtown Detroit

Bedrock has long been a major supporter of downtown Detroit. And this week, the real estate developer only reaffirmed its commitment to the city by…

MichiganFinanceMultifamily

Lument closes $7.7 million loan for acquisitino of 92-unit apartment building in Detroit

Lument closed a $7.7 million Fannie Mae loan to facilitate the acquisition of Central Park Apartments, a 92-unit garden-style apartment community about a mile east…

MichiganOffice

Colliers closes sale of historic Grand Army of the Republic building in Detroit

Colliers Detroit recently brokered the sale of the historic 24,000-square-foot Grand Army of the Republic building at 1942 Grand River Ave. in downtown Detroit. Benji…

MichiganMidwestMinnesotaCRE

CORFAC International added nine firms to its roster last year

CORFAC International, a global network for independently owned commercial real estate firms, grew its membership by nine firms in 2022, building on the addition of…

MidwestTexasIndustrial

Another big year for industrial? The odds are high

Last year ended the same way it began for industrial real estate: Demand for this commercial sector continued to soar, pushing up rents as it…

MichiganCRE

Michigan’s Friedman earns IREM Organization of the Year award

Farmington Hills, Michigan-based Friedman Real Estate has received the Institute of Real Estate Management Michigan Chapter 2022 Accredited Management Organization of the Year award. Friedman…