Detroit
Oxford Cos. Adds 3 New Tenants to Ann Arbor Asset
After leasing 150,000 square feet of office space, the company increased the building’s occupancy from 38 to 96 percent.
Viking Partners Sells Metro Detroit Power Center
Cooper Commercial Investment Group negotiated the transaction of Chesterfield Village. Tenants at the 156,000-square-foot retail asset in Macomb County, Mich., include Target, Panera Bread and Applebee’s.
Flaherty & Collins to Develop $170M Michigan Project
The City of Warren and General Motors are the other partners involved in delivering Warren Town Center. Construction is scheduled to start before the end of 2019.
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.
Bedrock Breaks Ground on $820M Detroit Mixed-Use
The 1.4 million-square-foot downtown development is the latest milestone in the rebirth of the city, which emerged from bankruptcy in December 2014.
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.