City: Detroit

REBusiness Online Repvblik has opened the Block at Sterling Heights, a 213-unit apartment property in Sterling Heights, Mich. The property, at 34911 Van Dyke Ave., formerly was a Wyndham Gardens Sterling Heights Hotel. The Los Angeles developer broke ground on ...

REBusiness Online Bernard Financial Group has provided $24.3 million of debt against the 110-room Element Hotel in Detroit. Metropolitan Building SPE LLC owns the property at 33 John R St. It was built in 1925 and underwent renovations in 2018. ...

Multi-Housing News Four Corners Development Group has paid $25.7 million, or $142,778/unit, for Stafford Place at Brownstown, a 180-unit apartment property in Brownstown, Mich., about 18 miles south of Detroit. The Springfield, Mo., company purchased the property from Burton-Katzman in ...

REBusiness Online Securian Life Insurance Co. has provided $30 million of financing against Livonia West Commerce Center 2, a 365,000-square-foot industrial property in Livonia, Mich. Bernard Financial Group arranged the financing on behalf of Ashley Capital of New York. The ...

DTE Energy has agreed to lease 528,340 square feet at Pinnacle Logistics Park, an 826,240-sf industrial property in Redford, Mich. The energy provider was represented by CBRE, while the owner of the property, Premier Equities, was represented by Friedman Real ...

REBusiness Online Bernard Financial Group has arranged $31 million of financing for the construction of the 154-room AC Hotel in Detroit. A venture of Roxbury Group and Peachtree Group of Atlanta are building the property at Woodward Avenue and Eliot ...

Herrick Co. has paid $150 million, or $355.89/sf, for Huntington Tower, a 421,481-square-foot office property in Detroit. The Cedar Knoll, N.J., investment firm purchased the property from an affiliate of Sterling Group, according to a report from The Detroit News. ...

JLL Capital Markets has arranged $125 million of financing against Gateway Industrial Center, a 1.4 million-square-foot industrial property in Detroit. The financing was arranged on behalf of the developer, Innovo Development Group of Kalamazoo, Mich. It includes $10 million of ...

Commercial Property Executive Paslin Co. has agreed to lease 113,742 square feet of industrial space at Pontiac Centerpoint Campus West, a 538,251-sf property in Pontiac, Mich. The automotive designer and manufacturer was represented in the lease by Friedman Real Estate. ...