State: Michigan - MI

PCCP has provided $180.5 million of senior mortgage financing against the 2.1 million-square-foot Oakland Park industrial complex in the Detroit suburb of Highland Park, Mich. The loan allowed the 10-building property's owner, a venture of Boston-based companies AEW Capital Management ...

Huntington Tower, a 203,000-square-foot office property in downtown Detroit, was sold for $156 million, or $768.47/sf, in a deal arranged by Colliers. The 21-story building, at 2025 Woodward Ave., was sold by Herrick Co. of Cedar Knoll, N.J., which purchased ...

OakNorth Bank and Bravo Property Trust have provided $42 million of financing against a pair of assisted-living properties with a total of 177 units in suburban Detroit and Chesapeake, Va. OakNorth, an online bank based in the United Kingdom, moved into ...

Multi-Housing News Magnus Capital Partners has secured $90.8 million of financing for the 200-unit third phase of the HōM Flats at 28 West apartment development in Wyoming, Mich., which is about five miles south of Grand Rapids, Mich. The debt ...

Walker & Dunlop has provided $25.48 million of Fannie Mae financing against the River Birch Apartments in the Grand Rapids, Mich., suburb of Caledonia, Mich. The 10-year loan requires only interest payments for the first five years, then amortizes on ...

Bellco Credit Union has committed to provide up to $38.5 million of mortgage financing against the 479-unit Warren Manor Apartments in the Detroit suburb of Warren, Mich. The loan, arranged by Eastern Union, allowed the property's owner, a Brooklyn, N.Y., ...

The investor group that owns the 2.15 million-square-foot Southfield Town Center in the Detroit suburb of Southfield, Mich., has negotiated an extension of the office property's $118.93 million mortgage, which had matured last May.

Dwight Mortgage Trust has provided $88.5 million of financing to facilitate Pepper Pike Capital Partners' purchase of the 1,046-unit Waverly on the Lake apartment property along Belleville Lake in suburban Detroit. The price Pepper Pike, of Orange Village, Ohio, paid ...