Detroit
DTE Energy to Expand MI Wind Portfolio by 455MW
The three new projects are scheduled for completion in 2020 and are part of the company’s commitment to reduce carbon emissions by at least 80 percent by 2040.
Friedman Finance Arranges Loan for Detroit Asset
Director Ryan Denomme originated the financing through a local bank. The owner of the property acquired it in shell condition and invested in renovations.
ICP Buys Pair of Midwest Warehouses
The properties are located in Bryan, Ohio, and Holland, Mich., and formerly belonged to Adient. They are fully leased to Yanfeng Automotive Interiors.
Morning Calm Management Buys $84M Detroit Industrial Portfolio
The firm purchased the nine-property, 1.5 million-square-foot suburban portfolio from Promanas Group. The deal marks the company’s fourth acquisition in the area over the past year.
Cushman & Wakefield Adds 7 Appraisers to Detroit Team
Susan Shipman, Andrew Exline, Andrea Kujala, Joseph Calvaneso, John Hackmann, Ricardo Stewart and John Danielson are experts in commercial real estate valuation and consulting services.
Newmark Knight Frank Expands Detroit Valuation Team
The company appointed Tony Roberts as its newest senior managing director, while Chris Maharg joined the firm as senior vice president.
sbe, Byzantine Team on Downtown Detroit Mixed-Use
The $72 million project will redevelop a nearly century-old, 190,000-square-foot office building into a 100-key hotel, plus 70 residential units. The property reportedly will be the first hotel in Detroit’s Cass Corridor.
Detroit Gets in Gear As Tech Drives Auto Sector
Colliers International Senior Vice President Patrich Jett shares his views on the operational needs and real estate considerations of the automotive industry, as well as Detroit’s position in the sector.
WAFUSA Logistics Relocates, Triples MI Space
Colliers International’s Tim Van Noord brokered the lease, which represents the tenant’s third expansion in Grand Rapids since its 2013 launch.
Historic Hotel in Downtown Detroit Changes Hands
An LLC led by partners Mario Kiezi and Mike Abdulnoor bought The Royal Palm/Park Avenue Hotel and are planning a full restoration of the asset.