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Detroit

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Detroit's original leading source for commercial real estate news, analysis, trends, events and resources in office, industrial, retail, multifamily, hotel, healthcare and net lease property sectors.

  • News

    CBRE Sees Chicago's Potential for Retail Conversions to Warehouses

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    A CBRE analysis found 24 conversion projects from California to Baltimore as retail closures yield industrial opportunities, including 810,000 square feet of potential conversions in Chicago.

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    Arbor Funds $6.7M Freddie Mac SBL Deal in Michigan

    Steve Lubetkin |

    Truman Village Apartments offers a park-like setting with a large pet-friendly community, playground and personal patios.

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    CA Ventures and Cerca Trova Proposing Ann Arbor, MI, MF Project

    Steve Lubetkin |

    The plan features two residential buildings with an affordable housing component, plus retail and parking steps from the University of Michigan campus.

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    Pendulum-Seligman Partnership Acquires Liberty Station Complex

    John Jordan |

    The deal for Liberty Station comprises six separate assets that feature a total of 20 buildings.

  • News

    GM to Shutter Five Plants, At Least 14,000 Job Cuts Planned

    John Jordan |

    GM also notes that in addition to the previously announced closure of its assembly plant in Gunsan, Korea, GM will cease operations at two additional plants outside North America by the end of 2019.

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    VICI Properties Acquiring Detroit's Greektown Casino-Hotel for $1B

    Steve Lubetkin |

    VICI is acquiring a market-leading property, and leasing it out at an effective 7.9% cap rate to Penn National Gaming.

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    Greystone Provides $46.5 Million in Fannie Mae Financing for Michigan MF Assets

    Steve Lubetkin |

    Greystone leveraged Fannie Mae’s Green Rewards program, which provides borrowers committed to making energy or water usage improvements with favorable financing terms.

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    MULTIFAMILY INFLUENCER: Village Green

    Sule Aygoren |

    Originally founded in 1919, Village Green has evolved from building single-family homes locally into one of the nation’s largest privately held apartment companies.

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    Tech Boosting Small Cities As Well

    Brian J. Rogal |

    As space availability in top tech submarkets continues to tighten, expect large tech companies to continue expanding outside their headquarters markets.

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    Detroit Industrial Market Setting Records

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    This was Detroit's 30th consecutive quarter of positive absorption and the vacancy rate stayed below two percent, at 1.93%, for the third consecutive quarter.

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Resources

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