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11/17/2017
CoStar's People of Note (Nov. 17) - Levy Lands at Crow, DePizzol Departs for NKF, Burdette Joins JLL...
The following companies announced personnel moves this week: Crow Holdings, Newmark Knight Frank, JLL, Avison Young, Kidder Matthews, Transwestern, JAG and Cushman & Wakefield | Thalhimer.img.pon{display: block; padding: 5px; width: 25%; max-width:180px...

11/09/2017
Zenith Education Closing All but Three College Campuses
Zenith Education Group, which this past summer converted from a for-profit to a nonprofit career education provider, is planning to close 21 of its 24 remaining college campuses. Zenith plans to cease enrolling new students at the affected Altierus...

10/31/2017
Chase Bank Building in Rochester, MI Trades for $4.1M
An individual investor has acquired the Chase Bank building at 339 S. Main St. in Rochester MI from Scheck Industries for $4.16 million, or approximately $244 per square foot. The two-story, 17,000-square-foot office building was constructed in 1968...

10/31/2017
Pinnacle Ventures Sells Livonia Retail Bldg. for $3.8M
A private investor acquired 12651 Middlebelt Rd. in Livonia, MI from Pinnacle Ventures for $3.8 million, or approximately $359 per square foot. The single-story, 10,593-square-foot, freestanding retail building was built in 2015. Located in the Southern...

10/30/2017
Spirit Realty Capital Sells Cottonwood Center for $5.25 Million
An individual investor purchased the 54,000-square-foot Cottonwood Center at 7445-7605 Cottonwood Dr. in Jenison, MI from Spirit Realty Capital for $5.25 million, or about $97 per square foot. The multi-tenant neighborhood center was built in 1965...

10/30/2017
CoStar Market Insight: Investors Gravitating to Value Add
Close to 600 office sales finalized in the Detroit Metro over the last four quarters, and the most obvious trend among these sales was the propensity of developers to gravitate toward properties rated 3 Star or less. Such transactions accounted for...

10/23/2017
Harrison Lofts Secures $16 Million CMBS Loan
Harrison Lofts secured $16 million in CMBS financing for The Harrison Residences community located at 1210 Morse Ave. in Royal Oak MI. Completed last September, the newly-built, 75-unit, loft-style multifamily complex is divided into a mix of both...

10/23/2017
Sunbelt Rentals Signs Long-Term Lease in Detroit
Sunbelt Rentals, a construction equipment rental company headquartered out of South Carolina, signed a 51,000-square-foot lease at 3411 W. Fort St. in Detroit, MI. The single-tenant industrial building was constructed in 1980 in the Detroit West Industrial...

10/20/2017
Wooshin Properties Acquires 450,000-SF Industrial Facility in Wayne
Metro Commerce Center, a 449,623-square-foot, multi-tenant industrial complex located southwest of Detroit in Wayne, MI, has traded hands. Wooshin Properties purchased the facility constructed in 1968 north of I-94 at 32500 Van Born Rd. in the Airport...

10/17/2017
Wayne County Retirement System Renews Lease at Grand Park Centre
Wayne County Employees Retirement System, a public office that handles employee retirement information put into place by Wayne County, signed a renewal with property owner Sterling Group for its 10,732-square-foot offices within Grand Park Centre in downtown...

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