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
Kohan Retail Pays $25.25Mln for Crossroads Mall in Portage, Mich.
Commercial Real Estate Direct Staff Report Kohan Retail Investment Group has paid $25.25 million for the Crossroads Mall in Portage, Mich., which had been encumbered by an $85.42 million CMBS loan. The loan becomes the latest in a long string ...
Student-Housing Portfolio in East Lansing, Mich., Sells for $42.26Mln
Champion Real Estate Co. has paid $42.26 million, or $144,726/unit, for a portfolio of six student-housing properties with 292 units in East Lansing, Mich. The Los Angeles developer, part of the Champion family office, purchased the properties from DTN Management ...
two shopping centers with a combined 392,237 square feet that are next to each other in the Detroit suburb of Troy, Mich.
The two properties are the Oakland Plaza, with 171,511 sf, and Oakland Square, with 220,726 sf. They were encumbered by $32.3 million of CMBS debt that was securitized through JPMorgan Commercial Mortgage Finance Corp., 2014-C24, but was paid off when ...
Westin Book Cadillac hotel
As part of its purchase, Oxford Capital will assume the property's $77 million of CMBS debt, according to a report in Crain's Detroit Business. A $45 million piece of the debt is securitized through Citigroup Commercial Mortgage Trust, 2020-GC46, while a $32 ...
Continental Realty Pays $34Mln for 2 Detroit-Area Shopping Centers; $32.3Mln CMBS Loan Paid Off
Commercial Real Estate Direct Staff Report Continental Realty Corp. has paid $34 million, or $86.68/sf, for two shopping centers with a combined 392,237 square feet that are next to each other in the Detroit suburb of Troy, Mich. The Baltimore ...
Mich. Mall Backing $32.02Mln CMBS Loan Faces Foreclosure
Fashion Square Mall in Saginaw, Mich., is expected to be taken through a foreclosure auction that's scheduled for the end of the week. Cash flow at the property has deteriorated since 2016 as occupancy has declined. During last year's first ...
227-Room Hotel Breaks Ground in Detroit
REJournals A venture of Oxford Capital Group and Hunter Pasteur has broken ground on the 227-room Godfrey Hotel in Detroit. It is slated for completion in 2023. Oxford Capital, of Chicago, and Hunter Pasteur, of Farmington Hills, Mich., are building ...
Oxford Capital Buys Detroit Hotel, Assumes CMBS Debt
An affiliate of Oxford Capital Group LLC has bought the 453-room Westin Book Cadillac hotel in downtown Detroit. The sales price was not disclosed. An affiliate of the Ferchill Group of Cleveland was the seller. As part of its purchase, ...
Ramsfield/CarVal Venture Lends $135.2Mln for Hotel Portfolio; Maturing CMBS Loan Resolved
A venture of Ramsfield Hospitality Finance and funds managed by CarVal Investors has provided $135.2 million of mortgage financing against a portfolio of 11 Hilton-branded hotels owned by Cooper Hotels, refinancing a $101.94 million CMBS loan that had matured. The ...
Dwight Capital Provides $23Mln Construction Loan for Mich. Apartment Project
Commercial Observer Dwight Capital has provided $23 million of financing for the construction of the 117-unit City View Apartments in downtown Lansing, Mich. WestPac of Santa Barbara, Calif., is building the five-story property at 503 South Capitol Ave., about four ...
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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.
