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…
Livonia
Michigan’s Schostak Brothers hires senior acquisitions associate
Livonia, Michigan-based Schostak Brothers & Company has hired Charlie Rice as its new senior acquisitions associate. He will focus on growing the firm’s value-add industrial…
Bernard Financial Group provides $6.9 million in financing for office building in Michigan
Bernard Financial Group closed a $6.9 million permanent life insurance company loan for Powers Court, a 106,325-square-foot Class-A office building in Livonia, Michigan. The borrower…
Gerdom Realty & Investment fills space at Michigan retail center
Michael Murphy of Gerdom Realty & Investment team represented the chiropractic tenant in leasing 1,200 square feet at the New Five Plaza retail center at…
Bernard Financial closes $9.35 million loan for apartment development in Michigan
Bernard Financial Group closed a $9.35 million permanent life insurance company loan for a 144-unit luxury garden-style apartment development in Livonia, Michigan. The borrower is…
Gerdom Realty & Investment closes 5,700-square-foot lease at shopping center in Michigan
The Gerdom Realty & Investment team of Michael Murphy and Tjader Gerdom represented the landlord in leasing 5,700 square feet at the Livonia Crossroads shopping…
Bernard Financial Group provides $4 million in financing for Michigan industrial portfolio
Bernard Financial Group has arranged a $4 million life company loan for a seven-property industrial portfolio totaling 159,446 square feet in Livonia, Michigan. The borrowing…
Friedman taking on leasing duties for 167,000-square-foot office building in Michigan
Friedman Real Estate has been awarded the leasing assignment for 20255 Victor Parkway in Livonia Michigan. Friedman’s Todd Hawley, Steve Eisenshtadt and Andrew Bower will lead…
Friedman Real Estate negotiates sale of YMCA building in Michigan
Friedman Real Estate recently sold the 90,080-square-foot community health center on Stark Road in Livinia, Michigan.
Colliers sells 90,080 square feet of office space in Michigan
Miriam Rhein, vice president with Colliers, closed the sale of 90,080 square feet of office space for a Special Purpose Health Facility at 14255 Stark…