Wednesday, August 27, 2025
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Leasing ActivityMichiganMidwestRetail

Full Lotus Yoga to Open 2,650 SF Studio in Detroit

by Kristin Harlow

DETROIT — Full Lotus Yoga has leased 2,650 square feet on the third floor of 6505 Woodward Ave., a mixed-use building owned by The Barbat Organization in Detroit. Purchased in December 2017, the property is undergoing a renovation and will be home to Lake Trust Credit Union. A restaurant space is available for lease. The second floor will likely include office space. This is Full Lotus Yoga’s second location, following its initial studio that opened in June 2013. Jeanne Gross of Farbman Group represented the tenant in the lease transaction. Dan Callaway of Farbman Group represented the landlord. The studio is slated to open this fall.

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AcquisitionsMichiganMidwestOffice

L. Mason Capitani Brokers Sale of 50,000 SF Office Building in Farmington Hills, Michigan

by Kristin Harlow

FARMINGTON HILLS, MICH. — L. Mason Capitani CORFAC International has brokered the sale of the 50,000-square-foot Harvard Office Building in Farmington Hills for an undisclosed price. The property is located at 30665 Northwestern Highway. At the time of sale, the building was 90 percent leased by 12 tenants. Mason L. Capitani represented the buyer, LSTC California LLC. Capitani, along with Al Shulin, also represented the seller, Summit Harvard LLC. L. Mason Capitani will continue to oversee leasing at the property. Sister company Liberty Property & Asset Management will provide management services.

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AcquisitionsMichiganMidwestMinnesotaMultifamily

Habitat Acquires Three Multifamily Properties in Michigan, Minnesota for $100M

by Kristin Harlow

MICHIGAN AND MINNESOTA — The Habitat Company has acquired three multifamily properties in Michigan and Minnesota for approximately $100 million. The properties include: The Village of Hyde Park, a 43-unit townhome development in Detroit; Harbour Club, a 1,112-unit market-rate property in Bellville, Mich.; and the 108-unit Cedarvale Highlands in Eagan, Minn. Habitat plans to make upgrades to each property. At The Village of Hyde Park, Habitat plans to update unit interiors, appliances, flooring, lighting and plumbing fixtures over the next few years. At Harbour Club, Habitat will renovate units, expand the clubhouse, upgrade common areas and rename the asset. At Cedarvale Highlands, Habitat will continue a unit renovation plan that includes new kitchens and baths along with enhancements to the common areas. Habitat is handling leasing and property management for all three communities.

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DevelopmentMichiganMidwestOffice

Olympia Development Breaks Ground on $70M Office Building in District Detroit

by Kristin Harlow

DETROIT — Olympia Development of Michigan has broken ground on a new five-story medical, office and retail building at 2715 Woodward Ave. in The District Detroit. Located between Little Caesars Arena and the Mike Ilitch School of Business at Wayne State University, the 127,000-square-foot building will replace a former surface parking lot. The $70 million project will feature four floors of Class A office space and 17,000 square feet of street-level retail space. Tenants will include the Detroit Medical Center (DMC) and law firm Warner Norcross + Judd. DMC is the official healthcare provider for the Detroit Red Wings and the Detroit Tigers. Christman-Brinker is providing construction management services and Harley Ellis Devereaux is overseeing the building’s design.

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MichiganMidwest

Developer Dan Gilbert, Founder of Quicken Loans, Recovering Following Stroke

by Kristin Harlow

DETROIT — Quicken Loans founder and Chairman Dan Gilbert has suffered a stroke. The billionaire businessman and leading force behind Detroit’s downtown rebirth was hospitalized early Sunday. Gilbert suffered the stroke while at the hospital and was immediately taken in for a catheter-based procedure, then moved to recovery in the intensive care unit. Gilbert is awake and responsive, according to a statement from Jay Farner, Quicken Loans CEO. The company will update the public as additional details become known. Business at the Rock Family of Companies will continue under the normal, everyday direction of their respective CEOs. Over the past decade, Gilbert has invested nearly $6 billion in rebuilding Detroit, according to The Detroit News. Bedrock, his real estate arm, owns a number of buildings downtown and is underway on major projects such as the 900-foot Hudson Tower.

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AcquisitionsIndustrialMichiganMidwestSelf-Storage

SkyView Advisors Arranges Sale of 650-Unit Self-Storage Facility in Madison Heights, Michigan

by Kristin Harlow

MADISON HEIGHTS, MICH. — SkyView Advisors has arranged the sale of a 650-unit self-storage facility in Madison Heights for an undisclosed price. The property, known as Michigan Storage Centers, is situated on 2.6 acres and spans 86,730 square feet. All of the units are climate-controlled. Cameron Vale and Ryan Clark of SkyView represented the undisclosed seller.

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AcquisitionsIndustrialMichiganMidwest

Morning Calm Management Acquires Nine-Property Industrial Portfolio in Metro Detroit for $83.7M

by Alex Tostado

DETROIT — Morning Calm Management has acquired a nine-property industrial portfolio in metro Detroit for $83.7 million. Promanas Group sold the portfolio, which totals approximately 1.5 million square feet. The assets are located within Livonia, Auburn Hills, Redford, Saline, Lake Orion and Macomb Township. Tom Oldham and Dan Labes of Newmark Knight Frank oversaw the transaction.

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IndustrialLeasing ActivityMichiganMidwest

Beaumont Health Signs 124,564 SF Industrial Lease in Belleville, Michigan

by Jeff Shaw

BELLEVILLE, MICH. — Beaumont Health has signed a 124,564-square-foot industrial lease in Belleville, about 30 miles west of Detroit. The lease brings the property, located at 41965 Ecorse Road, to full occupancy. Peter Rogers and Randall Allman of CBRE represented the owner, Brookwood Capital Partners, in the lease transaction. Insite Commercial represented Beaumont Health.

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AcquisitionsIndustrialMichiganMidwest

Dominion Brokers Sale of 11,050 SF Industrial Building in Wayne, Michigan

by Kristin Harlow

WAYNE, MICH. — Dominion Real Estate Advisors has brokered the sale of an 11,050-square-foot industrial building in Wayne for an undisclosed price. The property is situated at 39115 Maple Road. BTS Logistics Inc., a Michigan-based trucking company, purchased the building. Andrew Boncore and Ralph Steinbrink of Dominion represented the seller, BKG Dominion Maple LLC.

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