Detroit
Construction Begins at New Henry Ford Detroit Pistons Performance Center
Slated to open in the summer of 2019, the campus is expected to incorporate a sports medicine, treatment and rehabilitation facility; an office component; and public spaces for community events.
Friedman Integrated to Manage Historic Ford Building
The office tower is Detroit’s second oldest skyscraper. The building changed ownership twice this year, according to public records.
Largest Michigan Solar Park Begins Commercial Operation
The 200,000-panel array broke ground in 2016 and is spread across more than 250 acres. The facility is estimated to produce sufficient clean energy to power 11,000 homes.
Phoenix Investors Expands MI Portfolio With 550 KSF Buy
The company purchased an industrial facility in Flint, Mich., for $3.2 million. The building is a former Delphi assembly plant that will undergo upgrades to house its new tenants.
Lincoln Park Plaza Finds New Owner
The shopping center is mostly vacant, but the new owner plans to reposition the 176,000-square-foot property. Friedman Integrated’s Rich Deptula represented both the seller and the buyer in this transaction.
Bedrock Reveals $2B, Multi-Project Plan for Detroit
New buildings and renovations will expand the city’s office, residential, retail and hospitality offerings, continuing the city’s transformation into a magnet for businesses and visitors.
Ford Land Taps Mid-America to Lease Retail Space
The retail component is part of the upcoming Wagner Place, a 150,000-square-foot mixed-use development located in Dearborn, Mich. It will be available by mid-2018.
Historic Detroit Restaurant Goes Energy Efficient With C-PACE
Austin-based Petros PACE Finance facilitated nearly $1 million in C-PACE financing, which will allow the owner to install energy-saving components that are projected to save $2 million during the next 20 years.
Flex-N-Gate Adds Office Space Near Detroit
The company signed a five-year lease for 24,165 square feet of office space within the Liberty Place corporate campus in Sterling Heights, Mich.
California Investor Acquires Michigan Office Property
Wilson Real Estate II sold the 30,760-square-foot building in Troy, Mich., to LSTC Michigan, marking the latter’s sixth commercial real estate acquisition in the Detroit area.