Michigan

P.A. Commercial closes 66,000-square-foot office lease for Crescent Academy in Southfield

P.A. Commercial closed a long-term lease for a 66,000-square-foot office space at 26200 Lahser Road in Southfield, Michigan. This transaction will accommodate the new location…

Bernard Financial Group provides $11 million in financing for Detroit apartment property

Bernard Financial Group arranged a Freddie Mac loan of $11.003 million for a 103-unit multifamily property in Detroit. The borrower is 40 Davenport LLC. Joshua…

District Capital provides 95% of capital for acquisition of 129-unit apartment building in Michigan

Mike Lemon with District Capital arranged 95% of the capital on the acquisition of a 129-unit apartment community in Riverview, Michigan. The debt was placed…

Greystone provides $28 million construction loan for multifamily community in Traverse City

Greystone closed a more than $28 million HUD-insured 221(d)(4) loan to finance the construction of a 192-unit multifamily community in Traverse City, Michigan. The financing…

Detroit Industrial Summit: Manufacturing still the star of Detroit’s CRE market

The sweet spot in Detroit's commercial real estate industry? Manufacturing. As the real estate pros working this market will tell you, the manufacturing business in…

Commercial Real Estate Hall of Fame: NAI Farbman’s Lesley Gutman

Lesley Gutman has played a key role in some of the most significant commercial real estate transactions in her market.

NAI Wisinski: West Michigan industrial market still strong despite economic turmoil, high interest rates

The industrial vacancy rate in the West Michigan region stood at an impressively low 2.5% as of the end of the second quarter, according to…

Cinnaire, MBASC close $67 million fund for development and rehab of eight multifamily communities across Michigan

Cinnaire and the Michigan Banker’s Association Service Corporation (MBASC) have announced the closing of a Low-Income Housing Tax Credit investment fund generating a total of $67…

Southfield’s Farbman Group promotes three interns to full-time positions

Southfield, Michigan-based Farbman Group added three new team members transitioning from internships into full-time positions with the firm. Jacob Brown joins Farbman Group full-time as…

Michigan’s Oliver/Hatcher Construction makes pair of promotions

Novi, Michigan-based Oliver/Hatcher Construction made two key promotions. Scott Stowitts has been promoted to vice president of operations, while Jack Oliver has been named vice…