Michigan

Marcus & Millichap negotiates sale of 91-unit apartment property in Sault Ste. Marie

Marcus & Millichap brokered the sale of Ashmun Creek Apartments, a 91-unit multifamily property in Sault Ste. Marie, Michigan. Dan Bowar, investment specialist in Marcus & Millichap’s Milwaukee office,…

Lockwood Companies celebrates opening of 295-unit seniors housing development in Pittsfield Township

Lockwood Companies announced the official opening of Haverhill on Clark, a 295-unit apartment community at the southwest corner of Clark and Golfside Roads in Pittsfield Township,…

Marcus & Millichap closes sale of 94-room Holiday Inn Express in Sterling Heights

Marcus & Millichap brokered the sale of a 94-room Holiday Inn Express & Suites in Sterling Heights, Michigan. Michael Klar and Ebrahim Valliani, investment specialists in Marcus…

NAI Wisinski closes 8,000-square-foot lease for AutoZone in Buchanan

NAI Wisinski of West Michigan facilitated the lease of an 8,000-square-foot former Rite Aid building at 715 E. Front St. in Buchanan, Michigan, to AutoZone.…

HREC closes sale of 12-property Legacy Hotel Group portfolio

HREC Investment Advisors arranged the sale of the 12-property, 897-key IGO Legacy Hotel Group portfolio, with properties located in Michigan, Minnesota, and Wisconsin. The portfolio…

Marcus & Millichap brokers sale of 12-unit multifamily property in Grand Rapids

Marcus & Millichap closed the sale of Midtown Place, a 12-unit multifamily property in Grand Rapids, Michigan, for $2.65 million. Chris Futo, a multifamily and mobile home investment…

Lee & Associates names president of Michigan operations

Randall Allman has been named President of Lee & Associates of Michigan. In this role, Allman will help lead the firm’s strategic growth initiatives, with a…

Median one-bedroom apartment rents fall more than 13% in Detroit market on year-over-year basis

The average monthly apartment rent for the United States fell again in February, according to the latest rent report from Zumper. But Zumper also said…

Marcus & Millichap negotiates 62-room hotel sale in Lansing

Marcus & Millichap negotiated the sale of a 62-room Fairfield Inn & Suites hotel property in Lansing, Michigan. Michael Klar and Ebrahim Valliani, investment specialists in Marcus & Millichap’s Chicago…

Bernard Financial Group closes $32 million loan for 444,153-square-foot industrial property in Michigan

Bernard Financial Group arranged a $32 million permanent life insurance company loan for a 444,153-square-foot industrial property in Highland Park, Michigan. The borrower is EJM…

Michigan

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