David Simon Passes Away After Battle with Cancer
March 23, 2026
CREFC’s Lisa Pendergast Retiring in August
March 20, 2026
Brookfield Revives GGP Name for Malls
January 7, 2026
State: Michigan - MI
192-Unit Apartment Property Opens Near Detroit
Multi-Housing News A venture of Beztak Properties and Grand/Sakwa Properties has welcomed the first tenants to the 192-unit Town Court apartment property in Bloomfield, Mich. The Farmington Hills, Mich., companies developed the three-story property at 7110 Orchard Lake Road, about ...
Dwight Capital Provides $34.5Mln of HUD Financing for Mich. Apartments
Dwight Capital has provided $34.5 million of financing under the U.S. Department of Housing and Urban Development's 223(f) program against the 254-unit Central Park Estates apartment property in the Detroit suburb of Novi, Mich. The loan allowed the property's owner, ...
Greystone Writes $27.8Mln HUD Loan for Southfield, Mich., Apartments
Greystone has provided $27.8 million of financing under the U.S. Department of Housing and Urban Development's section 223(a)(7) program for the 383-unit Solaire Apartments in Southfield, Mich. The 35-year loan allowed Loop Investments of Lincolnwood, Ill., to retire a previous ...
Brix apartments
Brix, at 414 Benson Ave. NE, was built in 2018 and is 93 percent occupied. The property has one-, two- and three-bedroom units with monthly rents between $1,350 and $2,600. It includes a swimming pool, spa, fitness center, pet park, ...
222,965-SF Industrial Building in Farmington Hills, Mich., Sold
REBusiness ICAP Development has bought Technology Park, a 222,965-square-foot industrial-flex building in Farmington Hills, Mich. The Milwaukee developer purchased the property from Promanas, which was represented in the deal by Colliers International's Detroit office. The sales price was not disclosed. ...
Time Equities Pays $68.25Mln for 286-Unit Apartment Property in Grand Rapids, Mich.
Time Equities Inc. has paid $68.25 million, or $238,636/unit, for the 286-unit Brix apartments in Grand Rapids, Mich. The New York real estate investor purchased the complex from its developer, a venture led by Kayne Anderson, a Boca Raton, Fla., ...
CMBS Loan Against Detroit’s Westin Book Cadillac Hotel Facing Foreclosure
Commercial Real Estate Direct Staff Report The $77 million CMBS loan against the 453-room Westin Book Cadillac hotel in downtown Detroit could be on the road to foreclosure. The loan is split into a $45 million piece that's securitized through ...
Apartment Property in Kalamazoo, Mich., Sold for $19.65Mln
Bender Cos. has paid $19.65 million, or $70,178/unit, for the 280-unit Lakeview Apartments in Kalamazoo, Mich. The Chicago investor purchased the complex from Property Resource Associates, which was represented by JLL Capital Markets. The property, at 1928 Colgrove Ave., has ...
Asia Capital Lends $78.5Mln Against Detroit Apartments
Asia Capital Real Estate has provided $78.5 million of financing against the 288-unit City Club Detroit apartment property in downtown Detroit. The six-story complex, which is expected to open to tenants next month, is being developed by City Club Apartments ...
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
