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.
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.
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.
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.
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.
DETROIT — Bedrock has launched pre-sales for The Residences at The Detroit EDITION, a collection of 96 high-rise condominiums located atop The Detroit EDITION hotel within the Hudson’s Detroit tower at 1208 Woodward Ave. Slated to open in 2027, the project marks the EDITION brand’s first residential offering in the Midwest. SHoP Architects designed the project, with interiors by Yabu Pushelberg. Floor plans range from one to four bedrooms, spanning 720 to over 4,500 square feet. Pricing for condos start from the $600,000s. Amenities will total 14,000 square feet and include a fitness and aquatic suite, pool, hot tub, sauna, steam rooms, a clubroom, children’s playroom, coworking space, dining and catering kitchen, indoor parking garage with valet, multi-sports simulator and sound studio. Residents will also have full access to the hotel’s amenities, including several culinary and beverage options, a pool, fitness center, in-residence dining, spa services and more than 16,000 square feet of event space. Hudson’s Detroit is a 1.5 million-square-foot mixed-use development on the site of the former J.L. Hudson Department store. Hudson’s also features Class A office space anchored by General Motors’ global headquarters; Pine Hall, a new cocktail bar from Danny Meyer’s Union Square Hospitality Group; The …
FARMINGTON HILLS, MICH. — Farbman Group has expanded its family of organizations with ClimateGuard Pro, a new temperature and environmental monitoring solution. ClimateGuard Pro was created to protect buildings, prevent emergencies and enhance operations by helping identify areas of risk, monitor temperatures during winters or heavy summer rains, detect potential liquid infiltration in office suites and protect pipes from bursting. Farbman Group has appointed Jordan Valasek, senior vice president and director of property management, to lead ClimateGuard Pro sales. The company started within the Farbman Group property-managed portfolio and is expanding outside the firm’s managed properties to buildings throughout the Midwest. ClimateGuard Pro joins Farbman Group’s broader family of organizations, including Apex Mechanical Solutions, Huntington Construction, NAI Farbman, Huntington Maintenance and more.
HIGHLAND PARK, MICH. — PCCP has provided a $180.5 million senior loan to a joint venture between AEW Capital Management and Trident Capital Group for the refinancing of Oakland Park, a 10-building, 2.1 million-square-foot industrial park in Highland Park, about six miles north of downtown Detroit. Built between 1997 and 2020, the infill properties feature clear heights ranging from 24 to 32 feet, efficient loading ratios, ample truck parking and access to two major freeways. The park is located 10 miles away from Stellantis Detroit Assembly Complex and five miles from GM Factory Zero.
NORTON SHORES, MICH. — Chobani has unveiled plans for a multi-phase, $567 million expansion of its La Colombe plant in the western Michigan town of Norton Shores. The project is expected to add more than 200,000 square feet of production space and nearly 340 new jobs, while retaining 312 jobs. The company says demand is surging for La Colombe’s signature ready-to-drink lattes. La Colombe first started in Philadelphia in 1994, making crafted coffee in cafes across the country. In 2016, the brand launched its ready-to-drink lattes, which are made in Norton Shores with locally sourced milk. Chobani, which manufactures yogurt, oat milk and creamers, acquired La Colombe in 2023.
BIRMINGHAM, MICH. — Bernard Financial Group (BFG) has arranged a $29.5 million construction loan for a new mixed-use office property in Birmingham. Joshua Bernard of BFG arranged the loan on behalf of the borrower, 320 Investments LLC. A life insurance company provided the loan.
