SL Green to Sell Palisades, N.Y., Event Space for $26.25Mln
April 24, 2024
Houston’s 777 Post Oak Blvd. Office Gets New Owner
April 24, 2024
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 ...
The 20-story property, at 2025 Woodward Ave., is leased on a triple-net basis to Huntington National Bank. It opened last year and has a terrace, ground-floor retail space that includes a market and bank and 311 parking spaces.
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. ...
Multi-Housing News An affiliate of GSH Group has acquired the Grove, a 320-unit apartment property in Grand Rapids, Mich. The Clawson, Mich., company purchased the property from its developer, Thompson Thrift, in a deal brokered by Berkadia. The purchase price ...
Commercial Observer Protective Life, Old National Bank and OneAmerica have teamed to provide $150 million of financing to facilitate the recapitalization of a 24-property industrial portfolio, mostly in the greater Detroit area, owned by Burton-Katzman Development Co. The Bingham Farms, ...
Commercial Real Estate Direct Staff Report The $71.94 million CMBS loan against a portfolio of three student-housing properties with 852 units in East Lansing, Mich., has transferred to special servicer Greystone Servicing Co., because it wasn't paid off at its ...
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