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Detroit/Grand Rapids
Commercial Real Estate News
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Detroit’s Re-emergence Prompts Uptick in Value-Add Trades
The 516-unit Sutton Place Apts. at 23275 Riverside Dr. in Southfield, MI The vast number of buildings sprouting throughout the Detroit Downtown submarket is not only elevating the skyline, but also the hopes for the city’s future. Re-emerging demand...

PsyGenics Joins REDICO's Tenant Roster in Detroit
REDICO’s 181,000-square-foot office building at College Park Commons in Detroit PsyGenics, a comprehensive service provider in community mental health specializing in serving the developmentally disabled community, signed an 11,164-square-foot lease...

Contractors Steel Co. Sells 1.4M-SF Industrial Portfolio in $83M Sale-Leaseback Deal
One of the warehouses that sold at 48649 Schooner Dr. in the Michigan Avenue Industrial Park in Belleville, MI New York-based Global Net Lease (NYSE: GNL) purchased five warehouses totaling 1.39 million square feet and leased to Contractors Steel Co...

The Benchmark Group Adds Simsbury Plaza to Growing Portfolio
The 80,349-square-foot Simsbury Plaza shopping center in West Bloomfield, MI The Benchmark Group, an Amherst, NY-based acquisition, development and management company, purchased an 80,349-square-foot shopping center in West Bloomfield, MI from Ramco...

Kaftan Communities Lands $36.3M Loan for The Gables of Troy
The Gables of Troy apartment complex at 500 Coachman Dr. in Troy, MI Kaftan Communities secured a $36.32 million HUD-insured loan to refinance The Gables of Troy, a 544-unit apartment complex at 500 Coachman Dr. in Troy, MI. Cary Belovicz and Steve...

Wagner Joins City Club Apartments
Carie Wagner joined City Club Apartments (CAA) as assistant vice president of management operations at the firm’s Farmington Hills, MI office. In her new role, she will be responsible for helping to develop CCA’s management team, processes and infrastructure...

Industrial Trades Remain Robust Throughout Detroit
The 542,800-square-foot manufacturing building ABB purchased at 1250 Brown Rd. in Auburn Hills, MI Industrial buildings have long been a staple for Detroit construction. Large patches of land throughout pockets of the metro create an ideal environment...

Cincinnati Investor Buys 418,000-SF Office Park in Lansing
A 165,269-square-foot office building at 6545 Mercantile Way at the Holiday Office Park in Lansing, MI A Cincinnati-based private investor purchased a 418,000-square-foot office park in Lansing, MI from Namdar Realty Group. Holiday Office Park sold...

Mid America Lodging Group Moves HQ to Auburn Hills
Casadei Development’s 22,290-square-foot office building at 2600 Auburn Rd. in Auburn Hills, MI Mid America Lodging Group, a full-service hospitality development and management firm, leased Casadei Development’s 22,290-square-foot office building that...

Penske Logistics Preleases 590,000 SF at Livonia Industrial Park
Rendering of Building 2 at the Livonia Corporate Center in Livonia, MICredit: Newmark Knight Frank Penske Logistics, a transportation services company, preleased 590,141 square feet at Ashley Capital’s 742,694-square-foot warehouse at the Livonia Corporate...

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