Detroit

Bedrock acquires 420,000-square-foot multi-purpose development in Detroit

Bedrock has acquired “The ICON," a 420,000-square-foot multi-purpose development at 200 Walker St., which was formerly home to the UAW-GM training center. This newest acquisition…

Friedman Real Estate sells 453-room hotel in Detroit

Friedman Real Estate recently sold the 32-story, 453-room hotel at 1114 Washington Blvd. within the Washington Boulevard Historic District in Detroit. Originally constructed in 1924,…

Bedrock buys Detroit’s Cadillac Tower

Bedrock has purchased the iconic Cadillac Tower office tower in downtown Detroit. The Cadillac Tower is a 40-story skyscraper at 65 Cadillac Square. The sales…

As COVID – hopefully – eases, Detroit ready to recapture that 2019 momentum

Remember 2019? That’s when downtown Detroit was in the middle of a revitalization period. It was when investors were sinking their dollars into this oft-maligned…

Mission Capital Debt & Equity closes $64 million in financing for development of Godfrey Hotel Detroit

Mission Capital Debt & Equity, part of Marcus & Millichap Capital Corporation, has arranged $64 million in financing for the development of The Godfrey Hotel…

Detroit CRE Summit: Looking ahead to an even brighter 2022

More than 200 commercial real estate professionals attended the seventh annual Detroit Commercial Real Estate Summit held Oct. 28 by REjournals at the Westin Southfield…

P.A. Commercial handles sale of marina on Detroit riverfront

P.A. Commercial closed the sale of Kean’s Marina, a full-service marina operation on an expansive 21-acre site along Detroit’s riverfront. P.A. Commercial’s senior associate Anthony…

JLL Valuation Advisory adds SVP

JLL Valuation Advisory has hired Dennis Firestone to join its expanding new Environmental and Property Condition team as a senior vice president for EPC Premier…

District Capital closes $41.9 million apartment loan in Michigan

District Capital recently closed a $41.9 million multifamily Fannie Mae loan for an apartment portfolio in Michigan. The loan features a 15-year full term, 15-year…

Oxford Capital Group, Hunter Pasteur start construction on Godfrey Hotel Detroit

Oxford Capital Group and Hunter Pasteur will break ground this week on The Godfrey Hotel Detroit in the city's historic Corktown neighborhood, bringing a 227-room,…

Detroit

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