The never-ending flow of mergers in the banking industry has resulted in the sale of a downtown Detroit office building to a group controlled by the chairman of Huntington National Bank.
In a state where the majority of student housing sales occur in Ann Arbor or Lansing, a property catering to Eastern Michigan University in Ypsilanti, Michigan, just changed hands in a $17.6 million deal.
Alrig USA, a Bingham Farms, Michigan-based commercial real estate investment and development firm, acquired the former Days Inn & Suites by Wyndham hotel at 31327 Gratiot Ave in Roseville, Michigan, from Thrive Hospitality Group. The 111-room hotel was not operating and sold for land value.
NJA Management Group acquired the Hyatt Place Detroit/Livonia, a 127-room hotel at 19300 Haggerty Rd in Livonia, Michigan, from Acrophyte Hospitality Trust for $10 million, or $78,740 per room in an all cash deal.
The 21,515-square-foot expansion of temperature-controlled environments at a meat distribution facility in Richmond, Michigan, has enabled Weeks Food to increase its storage capacity and improve its operational efficiency.
The transformation of the former Cadillac Motor Car Co. Assembly Plant in Detroit into a 90-unit apartment building preserved a historic property while also creating new housing in the neighborhood.
Detroit has landed the priciest office sale in the city's history as institutional buyers widen their bets on recovering cities across the United States.
Bazzi Oil & Gas Co. acquired Canton Townplace Plaza, a one-story retail property at 43435-43465 Ford Road in Canton, Michigan, from INFAC Corporation for $7.4 million, or $202.18 per square foot.
Lee & Associates, the North American broker-owned commercial real estate firm, named Randall Allman as its new Michigan president, looking to the industry veteran to grow its presence in the industrial sector.
The U.S. Department of Homeland Security bought at least 10 large-scale vacant warehouses in seven states from sellers including Goldman Sachs and Carlyle Group — while other owners pulled out of deals after public backlash — as part of the federal government's plans to reform its national network of detention centers.
Hotel investment activity across five major Midwestern hospitality regions declined meaningfully between 2024 and 2025. This marks a stark contrast from the increase in investment activity observed across the Northeast.
Savills said it's bolstered its services in the Detroit region with the hiring of Michael Bennett as corporate managing director and Addison Williams as managing director of capital markets. Bennett joined Savills from Colliers, where he served as executive vice president and led strategic partner assignments for General Motors across North America.
Prominent retail leases signed by VASA Fitness, Family Farm & Home and Crunch Fitness negotiated by top dealmakers from Mid-America Real Estate - Michigan, Pilot Property Group and Stuart Frankel Development are among the fourth-quarter retail leases recognized by CoStar.
A prominent hospitality deal handled by Hodges Ward Elliott and a multifamily disposition arranged by Walker & Dunlop are among the top fourth-quarter property sales recognized by CoStar.
Prominent office leases signed by Piston Group, Urban Science Applications and Dawda negotiated by top dealmakers from Transwestern Real Estate Services and Southfield Town Center are among the fourth-quarter office leases recognized by CoStar.