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Jamian Joins CORE Partners
Sean Jamian joined CORE Partners, LLC as an assistant vice president. Jamian will be working alongside the brokerage division of CORE Partners. Before transitioning to real estate and joining CORE Partners, Jamian was a luxury automotive salesman....

Blue Chip Partners Takes 7,525 SF in Farmington Hills
Blue Chip Partners, a financial firm, signed a five-year lease for 7,525 square feet at 38505 Country Club Dr. in Farmington Hills, MI. The two-story building totals 36,014 square feet in the Country Club Corporate Park. This property was built in...

Accurate Welding & Fabricating Leases 62,000 SF in Chesterfield
Accurate Welding & Fabricating Inc., a company based out of Michigan, signed a lease for 61,650 square feet in the industrial building located at 50305 - 50345 Patricia St. in Chesterfield, MI The single-story, 123,300-square-foot building was built...

Verhulst Joins Rockford Construction
Mike Verhulst joined Grand Rapids-based Rockford Construction as vice president in its business development department. Verhulst has been hired to assist Rockford’s clients with development, planning, pre-construction and construction services. Previously...

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...

Costal Equities Acquires Hoover Eleven in Warren for $20.4M
Coastal Equities, a Florida-based real estate investment firm, purchased the Hoover Eleven shopping center in Warren, MI from Ramco-Gershenson Properties Trust for $20.35 million, or approximately $72 per square foot. The single-story asset was 75...

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...

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...

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...

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...

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