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
Industrial Property Near Detroit Sells for $139.5Mln
Commercial Property Executive A Delaware Statutory Trust sponsored by Four Springs has paid $139.5 million, or $126.82/sf, for the 1.1 million-square-foot industrial property at 14741 Laplaisance Road in Monroe, Mich. InSite Real Estate of Murray, Utah, was the seller. Colliers ...
Poag Assumes $130.48Mln Loan in Purchase of RiverTown Crossings Mall
Poag Development Group, which purchased the RiverTown Crossings Mall in suburban Grand Rapids, Mich., has assumed what had been a troubled $130.48 million CMBS loan against the 24-year-old shopping center.
Dwight Mortgage Lends $51.3Mln Against Detroit-Area Apartments
Dwight Mortgage Trust has provided $51.3 million of financing against the 624-unit Southgate Apartments in the Detroit suburb of Southgate, Mich. The bridge loan allowed the property's owner, Pepper Pike Capital Partners of Orange Village, Ohio, to retire existing debt ...
85,000-SF Industrial Lease Signed in Ann Arbor, Mich.
Connect CRE Edge Autonomy Energy Systems has agreed to lease 85,000 square feet of industrial space at the 114,250-sf industrial property at 5775 Interface Drive in Ann Arbor, Mich. The energy solutions company was represented by Cushman & Wakefield, while ...
$125.61Mln CMBS Loan on Detroit-Area Office Nears Maturity; Refinancing Doubtful
Commercial Real Estate Direct Staff Report With its maturity just weeks away, the $125.61 million CMBS loan against the 2.15 million-square-foot Southfield Town Center in the Detroit suburb of Southfield, Mich., has transferred to special servicer LNR Partners. The loan ...
Syndicated Equities Acquires Office Properties in Mich., Ariz. for $43.1Mln
Crain's Chicago Business Syndicated Equities has acquired a portfolio of three office properties totaling 268,000 square feet in Michigan and Arizona for $43.1 million, or $160.82/sf. The Dearborn, Mich., company purchased the portfolio from Net Lease Office Properties of New ...
213-Unit Apartment Redevelopment Opens in Sterling Heights, Mich.
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 ...
Bernard Financial Writes $24.3Mln Loan Against Detroit Hotel
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. ...
Citigroup Lends $30Mln Against 2 Michigan Apartment Properties
Commercial Real Estate Direct Staff Report Citigroup has provided $30 million of financing against a pair of apartment properties with a total of 559 units in Michigan. A total of $23 million went toward the 407-unit Davis Creek Apartments, at ...
Stafford Place at Brownstown
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 a deal ...
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