Stan Johnson closes Dollar Tree sale near Detroit
Stan Johnson Company completed the sale of a single-tenant retail property leased to Dollar Tree in Dearborn Heights, Michigan. The property is 9,180 square feet…
Detroit
Savills adds retail pro to Detroit office
Savills has added Drew Chorney as managing director of retail services to its growing Detroit office. His arrival launches Savills' retail specialty in the region.…
Dennis Bernard: Southeastern Michigan in good shape to ride out economic challenges
Dennis Bernard has worked in the Detroit commercial real estate industry for decades. Like others working through the COVID-19 pandemic, he wonders what impact the…
Knighthead Funding closes more than $37 million in loans for Michigan apartment communities
Knighthead Funding LLC has originated separate loans totaling $37.3 million for the development of three multifamily projects in Michigan. All three non-recourse loans range in…
Midwest CRE Hall of Fame: CBRE’s Mark Collins
It takes skill, smarts and ethics to thrive in the commercial real estate industry. But to do so for more than three decades? That takes…
Brennan Investment Group veteran to take over industrial duties in Minneapolis, Milwaukee
Brennan Investment Group has promoted Luke McCarthy to senior associate with a focused responsibility to acquire industrial assets in the Milwaukee and Minneapolis markets. McCarthy…
District Capital closes $2.4 million for retail property in Michigan
District Capital of Detroit is still closing loans during the COVID-19 crisis. The company recently secured a 25-year term, 25-year amortization loan on a multi-tenant…
Newmark Knight Frank report: Detroit’s CBD started 2020 as office hotspot … but what happens next?
The office vacancy rate rose 20 basis points in Detroit during the first quarter of 2020 to hit 15.1 percent, according to the latest research…
Kennedy Funding closes $1.5 million loan for Detroit healthcare facility
Kennedy Funding has closed a $1.5 million loan to Conner Creek Center of Detroit. Funds will be used to pay off existing debt and for…
Newmark report: Detroit’s industrial market was soaring — before the COVID-19 pandemic
The Detroit industrial market was strong as 2020 kicks off. The big question? Is it strong enough to hold steady as the country battles the…