State: Michigan - MI

Crain's Chicago Business An affiliate of Winnemac Properties has paid $21 million, or $205,882/unit, for Fulton Place, a 102-unit apartment complex in Grand Rapids, Mich. The Chicago investment firm purchased the property from its developer, Rockford Construction Co. of Grand ...

Crain's Grand Rapids Business. Bridge33 Capital has paid $70 million, or $157.41/sf, for the 444,709-square-foot Shops at CenterPoint in Grand Rapids, Mich. The Seattle company purchased the retail property from DRA Advisors and Pine Tree, which had acquired it in ...

Continental Realty Corp. has sold the 167,000-square-foot Oakland Plaza retail center in Troy, Mich., for $25.6 million, or just more than $153/sf, to RCG Ventures of Atlanta. Continental, a Baltimore investment manager, had purchased the property in 2021 from Urban Retail ...

Commercial Real Estate Direct Staff Report The $80 million loan that Starwood Property Trust had provided against the Woodland Mall in Grand Rapids, Mich., has a five-year term and pays a coupon of 7.35 percent. The loan, which requires only interest ...

Commercial Real Estate Direct Staff Report Starwood Mortgage Capital has provided $80 million of mortgage financing against the Woodland Mall shopping center in Grand Rapids, Mich. The loan allowed the property's owner, Pennsylvania REIT, to retire what had been a ...

Merchants Bank has provided $36.7 million of construction financing to fund the dedvelopment of the 204-unit Maple Block Flats apartments on the site of the Michigan Maple Block Co. factory in Petoskey, Mich. The property, at 1420 Standish Ave., a ...