Detroit Suburban Summit: Spreading a message of optimism
Hope was the buzzword during the Detroit Suburban Summit held March 8 by REjournals at the Bank of America Building in Troy, Michigan.
Detroit
District Capital provides $28.7 million loan for distribution warehouse
David Dismondy with Detroit-based District Capital closed a $28.7 million loan for a distribution warehouse. The five-year loan has a fixed interest rate under 3%,…
JLL Detroit office adds SVP
Todd Szymczak has joined the JLL Detroit team as senior vice president and will focus on investment sales properties. Szymczak brings more than 17 years…
Bedrock to bring 296,000 square feet of auto-manufacturing space to Detroit’s Delray district
Bedrock earlier this week announced a deal with LM Manufacturing, a joint venture between Magna, a global automotive supplier, and LAN Manufacturing, a minority-owned automotive…
Innovo starts construction of spec industrial building in Detroit market
Innovo has broken ground on a Class-A speculative industrial building at the Gateway Industrial Center in Detroit. Located at 12601 Southfield Freeway at the intersection…
Principal of Detroit’s L. Mason Capitani named president of CORFAC International
CORFAC International has named Mason L. Capitani, principal of L. Mason Capitani/CORFAC International in Detroit, as the 2022 president of the organization. Joining Capitani are…
Coming back: Detroit commercial real estate market regaining momentum as Omicron surge fades
Remember those days before the COVID-19 pandemic? The commercial real estate market in Detroit – in both the city’s downtown and suburban markets – was…
Detroit’s Bedrock names its first chief technology officer
Bedrock, Detroit’s largest real estate developer, today announced that Michael Osment will join the firm as the first chief technology officer, effective immediately. Osment will…
Friedman Real Estate sells 10 apartment buildings in Detroit market
Peter Jankowski of Friedman Real Estate recently sold a portfolio of multifamily properties in Detroit, Michigan. Located along Cabot Street and Carson Street at Vernor…
The good industrial news keeps coming: Newmark report says industrial activity soaring in Detroit
Absorption in the industrial market hit a four-year high in the Detroit market last year, according to the fourth quarter 2021 industrial report released by…