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AcquisitionsMichiganMidwestRetail

Boulder Group Arranges $3.8M Sale of Walgreens-Occupied Retail Property in Metro Detroit

by Kristin Harlow

ROCHESTER HILLS, MICH. — The Boulder Group has arranged the $3.8 million sale of a single-tenant retail property net leased to Walgreens in Rochester Hills. Located at 2985 Crooks Road, the 14,820-square-foot building was constructed in 2005. Randy Blankstein, Jimmy Goodman and John Feeney of Boulder Group represented the seller, an East Coast-based investor. The buyer was a West Coast-based investor. The Walgreens lease expires on July 31, 2035. The tenant has operated at the location since 2005.

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AcquisitionsMichiganMidwestMultifamily

GREA Negotiates Sale of 128-Unit Big Bend Apartments in Kalamazoo, Michigan

by Kristin Harlow

KALAMAZOO, MICH. — GREA has brokered the sale of Big Bend Apartments, a 128-unit low-income housing tax credit community in Kalamazoo. Constructed in 2004, the property features a mix of two- and three-bedroom units. GREA facilitated the disposition of the asset on behalf of the original developer.

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AcquisitionsMichiganMidwest

HOK Acquires Detroit-Based Architecture Firm Rossetti

by Kristin Harlow

DETROIT — HOK has acquired Rossetti, a Detroit-based architecture firm known for its sports venue design and renovation work. HOK says the merger strengthens its position as one of the world’s leading sports, recreation and entertainment design practices. The combined firm will operate as HOK + Rossetti. Led by Matt Rossetti, the Rossetti team will continue to operate from Detroit, a market where HOK has sought a physical presence and where Rossetti has operated for 57 years. Rossetti’s portfolio includes the Formula 1 Crypto.com Miami Grand Prix, the USTA Billie Jean King National Tennis Center and Detroit’s Ford Field, with a significant reimagination of USTA’s Arthur Ashe Stadium and Cosm Detroit currently underway. The combined HOK + Rossetti sports, recreation and entertainment practice will be led by directors Nate Appleman, Shannon Bartch, Amy Chase, John Rhodes, Matt Rossetti and Rashed Singaby. HOK, a global design, architecture, engineering and planning firm with 27 offices, designed Little Caesars Arena and the forthcoming home of Detroit City Football Club.

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DevelopmentMichiganMidwest

Barton Malow to Build 15,000-Seat Stadium for Detroit City Football Club

by Kristin Harlow

DETROIT — Barton Malow has been selected as the construction manager for Detroit City Football Club’s new home stadium, AlumniFi Field. The privately funded, 15,00-seat venue will be built between Detroit’s Corktown and Mexicantown neighborhoods. Founded in 2012, Detroit City FC’s current home is Keyworth Stadium, a 7,000-seat venue. AlumniFi Field will be designed to evoke the atmosphere of European football stadiums, featuring a natural grass pitch and three permanent grandstands with canopies. The soccer stadium is also envisioned to host other sporting events, concerts and community programming. AlumniFi Field will rise on the site of the former Southwest Detroit Hospital, a Black-owned hospital that opened in 1973 and closed in 2006. It remained vacant until its demolition earlier this year. Barton Malow will work with Detroit City FC to incorporate a permanent installation in the new stadium that honors the former hospital’s legacy and contributions to the Detroit community. Site work for the project has commenced. Foundation work, structural steel installation and interior build-out will follow.

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Related-Digital-Michigan-Rendering
Data CentersDevelopmentIndustrialMichiganMidwestTop Stories

Related Digital Secures Financing for $16B Oracle Data Center Project in Michigan 

by Hayden Spiess

SALINE TOWNSHIP, MICH. — Data center development and investment platform Related Digital has secured financing for Oracle’s $16 billion project in Saline Township, roughly 50 miles southwest of Detroit.  Originally announced in October 2025, the development is being built for Oracle (NYSE: ORCL) as part of its partnership with OpenAI, an artificial intelligence (AI) research firm and operator best known for ChatGPT. In September 2025, OpenAI, Oracle and Softbank announced plans for the development of five new data centers as part of a $500 billion Stargate initiative.  Financing for the project includes equity from Related Digital and funds affiliated with Blackstone (NYSE: BX), as well as fixed-rate, long-term financing from PIMCO (Pacific Management Investment Co.)-managed funds and accounts. Bank of America served as the structuring agent and financial advisor, and Goldman Sachs and Wells Fargo are acting as advisors to Related Digital. According to Related Digital, the new Michigan data center will create 2,500 construction jobs, as well as 450 permanent onsite positions and 1,500 permanent jobs throughout the county. The project will also preserve 750 acres of open space, farmlands and wetlands. DTE Energy is fully supplying power for the project, using existing resources and a new battery storage investment financed entirely by …

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Leasing ActivityMichiganMidwestOffice

F.H. Paschen Signs 8,500 SF Office Lease in Detroit

by Kristin Harlow

DETROIT — F.H. Paschen, an infrastructure construction company, has signed an office lease totaling more than 8,500 square feet at the Talon Center at 100 RiverPlace in Detroit. The Class A property is situated along the Detroit riverfront. The lease provides triple the space of the firm’s current location. Andrew Bower of Friedman Real Estate represented the tenant, while Steve Eisenshtadt and Peter Jankowski of Friedman represented the undisclosed landlord.

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LoansMichiganMidwestMultifamily

Bernard Financial Group Secures $14M in Financing for Michigan Multifamily Community

by Kristin Harlow

OAK PARK, MICH. — Bernard Financial Group (BFG) has secured a $14 million permanent loan for a 475-unit multifamily property in Oak Park. Joshua Bernard of BFG arranged the loan on behalf of the borrower, Lincoln Towers Apartments LP. A life insurance company provided the loan. BFG will provide servicing for the loan.

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LoansMichiganMidwestMultifamily

Berkadia Arranges Fannie Mae Loan for 96-Unit Meadowood Townhomes in Grand Rapids

by Kristin Harlow

GRAND RAPIDS, MICH. — Berkadia has arranged financing for Meadowood Townhomes, a 96-unit, newly constructed multifamily property in Grand Rapids. Aaron Moll, Dominick Ens and Kevin Nimmo of Berkadia secured the loan through Fannie Mae. The borrower is the developer of the property, Grand Rapids-based Wheeler Development Group, which owns and operates the asset under its affiliated property management company, PURE Real Estate Management. The 10-year loan featured a 5.32 percent interest rate with seven years of interest-only payments followed by a 30-year amortization. Meadowood Townhomes was built in 2025.

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DevelopmentMichiganMidwestRetail

REDICO Underway on Redevelopment of Fred Lavery Porsche Dealership in Birmingham, Michigan

by Kristin Harlow

BIRMINGHAM, MICH. — REDICO is leading the redevelopment of the Fred Lavery Porsche dealership in Birmingham, following the completed demolition of the dealership’s former facility at 34350 Woodward Ave. Construction is underway on a new, three-story dealership that is slated to open in 2027. During construction, the Porsche sales and service operations have been temporarily relocated to Fred Lavery’s other dealership, Audi Birmingham at 34602 Woodward Ave. The redevelopment project expands the showroom, service operations and onsite parking. The project also includes the demolition of adjacent structures along Haynes Street, enabling a reconfigured layout. The project team includes Sachse Construction as general contractor and Albert Kahn Associates and LZG as architects. The new development will embody the “Destination Porsche” global design philosophy.

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Leasing ActivityMichiganMidwestRetail

YoChef’s Catering Signs 3,022 SF Retail Lease at Chateau Village in Grand Rapids

by Kristin Harlow

GRAND RAPIDS, MICH. — YoChef’s Catering Co. has leased 3,022 square feet at the Chateau Village retail center in Grand Rapids. The space, previously occupied by Pac Brazil Restaurant, will soon become the new home of YoChef’s Kitchen, an expansion of YoChef’s Catering that will introduce a café concept serving breakfast, lunch and dinner. Rod Alderink of NAI Wisinski of West Michigan represented the undisclosed landlord. Founded by Chef Joseff VanHorn, YoChef’s Catering has been serving the West Michigan community since 2009.

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