Catylist Partners with Moody’s on Marketplace for National CRE Listings

Ann Arbor, MI-based Catylist launched Commercial Exchange, a national commercial real estate marketplace. The new service has sale and lease availabilities sourced directly from brokers in the technology provider’s network of more than 50 local CRE platforms in markets across the country. Through a strategic partnership with Moody’s Analytics, each property listing includes a Commercial

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Detroit Renaissance Continues with Bedrock’s $1.6B Developments

FINAL Early Bird Alert: Connect Apartments is planned for September 28th in Los Angeles. Here’s where to get more information and register. Detroit-based Bedrock Real Estate Services unveiled updated plans for two mixed-use development projects totaling $1.6 billion in downtown Detroit. They include a proposed more than $800-million Monroe Blocks office tower (pictured above) and a

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$100M Michigan Lifestyle Center Approved

Developer Robert B. Aikens LLC received approval on Five & Main, a proposed $100-million mixed-use retail project in Southeast Michigan’s Commerce Township. The first phase of the 55-acre open-air project would bring the next generation of retail development to the region in more than a decade. Envisioned as an experiential center, Five & Main will

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Integris Makes Further Inroads into Michigan

Integris Ventures has purchased the Earhart Corporate Center, a 198,624-square-foot, Class A corporate headquarters office building in Ann Arbor, MI, from a public REIT for an undisclosed sum. JLL Capital Markets’ James J. Postweiler, Peter G. Harwood and Derek Fohl arranged the sale of the property. “The Ann Arbor office market is one of the

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Law Firm Takes Space in District Detroit Building by Little Caesars Arena

Olympia Development of Michigan signed a nearly 30,000-square-foot lease with Warner Norcross + Judd LLP at The District Detroit, a $1.4-billion mixed-use urban redevelopment project in downtown Detroit. The law firm, one of Michigan’s largest, plans to occupy the third floor of a 127,000-square-foot, office/medical/retail building at 2715 Woodward Ave. Located between Little Caesars Arena and the

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Sonnenblick-Eichner Arranges $136M Financing for Hilton Portfolio

Sonnenblick-Eichner Company arranged $135.78 million of non-recourse, first mortgage financing for 11 of Memphis-based Cooper Hotels’ properties totaling 2,037 rooms. The hotels include full service, select service, extended stay and limited service properties, located in Florida, Michigan, and Tennessee, all branded by Hilton Worldwide. The five-year floating rate loan was underwritten to a 70% loan-to-value

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Franklin Partners Plans 90K-SF Office Project in Grand Rapids, MI

Chicago-based Franklin Partners is set to break ground on 100 Ottawa, a 90,000-square-foot office development in Grand Rapids, MI. The seven-story redevelopment project is a new generation of office building that is part of the larger mixed-use development, Studio Park. The building will feature a glass exterior, two-story entrance lobby, column-free floors, a roof-top deck

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SRS Opens Detroit Office, Adds Trio of Net Lease Pros

SRS Real Estate Partners welcomed three new team members to its newest office in Detroit. Michael Carter and Frank Rogers joined as first vice presidents, with Joseph Simon joining as an associate. The trio will be part of SRS’ National Net Lease Group, and specialize in the acquisition and disposition of single-tenant and multi-tenant investment

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Griffin-American Healthcare REIT IV Acquires MOB Near Detroit

American Healthcare Investors and Griffin Capital Company, LLC, the co-sponsors of Griffin-American Healthcare REIT IV, Inc., reported it acquired Southfield Medical Office Building, located in the Detroit suburb of Southfield, MI, from Universal Properties FPMC, LLC for $16.2 million. The roughly 85,000-square-foot medical office building was 96% leased at the time of acquisition to multiple tenants, including Wayne

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