Detroit
On the Market: 5 Interesting Listings for December
This month’s listings include a redevelopment-ready property in Richmond, Va.; a recently completed luxury community in Philadelphia; and other opportunities.
JV to Acquire Detroit Casino-Hotel for $1B
VICI Properties and Penn National Gaming entered into an agreement to purchase the Greektown Casino-Hotel, which includes 100,000 square feet of casino space and a 30-story hotel tower.
Friedman Closes Detroit Office Deal
The building is located in the Central Business District and was sold at auction. Alan Stern and Steven Silverman represented both sides in the transaction.
Gladstone Acquires $21M MI Industrial Portfolio
The two buildings comprise a total of nearly 220,000 square feet and are 100 percent leased. The properties were purchased through an UPREIT transaction.
EDGE Fitness Expands into Michigan
The company will open two new clubs in Farmington Hills and Sterling Heights by the fourth quarter of 2019, as it works to expand into the Midwest and the Pennsylvania metro area.
On the Market: 5 Interesting Listings for October
This month’s listings include a CVS Pharmacy store in Michigan, a vintage multifamily asset in Richmond, Va., and a recently renovated flex building in Miami.
Warner Inks Lease for New Detroit Office
The company signed a lease agreement with Olympia Development of Michigan for space within its Class A building in The District Detroit.
Oxford Cos. Adds Office Asset to Ann Arbor Portfolio
The 10-story building represents one of the most iconic office developments in the city’s south side area. The seller is Equity Commonwealth.
Friedman Brings Automotive Company to MI Office Building
A team of brokers worked alongside Savills Studley to represent Harman Becker Automotive Systems Inc. in its 40,000-square-foot lease in suburban Detroit.