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Standard Communities Acquires 124-Unit Affordable Housing Property in Metro Detroit

Kristin Harlow — Tue, 17 Mar 2026 13:06:08 +0000

ROSEVILLE, MICH. — Standard Communities has acquired The Meadows, a 124-unit multifamily property in Roseville, a suburb about 15 miles northeast of downtown Detroit. The transaction marks Standard’s second investment in Michigan. All of the units will be income-restricted and supported by project-based Section 8 Housing Assistance Payment (HAP) contracts. Of the 124 units, 111 are restricted to households earning at or below 60 percent of the area median income (AMI) and 13 are restricted to those earning up to 40 percent AMI. Affordability has been extended through a 20-year Section 8 renewal via a HAP assignment and assumption and mark-up-to-market structure. The property consists of 21 residential buildings along with a leasing and community building. Financing for the acquisition was completed in partnership with the Michigan State Housing Development Authority, which served as tax credit allocator and bond issuer. The City of Roseville provided a new Payment in Lieu of Taxes agreement, and the U.S. Department of Housing and Urban Development approved the contract renewal. Standard will complete a comprehensive tenant-in-place renovation totaling approximately $10.5 million. Units will be updated with quartz countertops, stainless steel appliances, luxury vinyl plank flooring, refreshed bathrooms and upgraded lighting. The community building will…

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AutoZone Leases 8,000 SF Former Rite Aid Store in Buchanan, Michigan

Kristin Harlow — Fri, 13 Mar 2026 13:55:14 +0000

BUCHANAN, MICH. — AutoZone has leased an 8,000-square-foot former Rite Aid store located at 715 E. Front St. in Buchanan within southwest Michigan. Construction is underway at the building. Joshua Jacobs of NAI Wisinski of West Michigan and Brandon Hanna of Encore Real Estate Investment Services represented the undisclosed landlord. Mike Murray of Advantage Commercial Real Estate represented the tenant, which operates more than 6,000 stores nationwide.

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Colliers Arranges $156M Sale of Huntington Tower in Downtown Detroit

Kristin Harlow — Thu, 12 Mar 2026 13:30:26 +0000

DETROIT — Colliers has arranged the sale of Huntington Tower, a 21-story office building located at 2025 Woodward Ave. in downtown Detroit. Completed in 2022, the 311-foot-tall property includes 203,300 square feet of office space across 10 floors along with 10 levels of structured parking, a ground-floor bank and lobby, collaborative workspaces and flexible floor plates designed to accommodate up to 800 employees. The asset, located across from Comerica Park in the heart of The District Detroit, features a long-term net lease to Huntington Bancshares. Raymond Jonna of Colliers represented the undisclosed buyer and the seller, The Herrick Co., a Florida-based investment firm. The transaction is likely the most expensive office sale in city history, according to Crain’s Detroit Business.

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Flight to Quality, Slow Road to Reinvention Define Detroit’s Office Outlook

Kristin Harlow — Thu, 12 Mar 2026 12:00:00 +0000

By Andy Gutman, Farbman Group The Detroit office market has moved past the initial shock of the post-pandemic years, but the idea that all challenges are over would be premature. Looking ahead in 2026, office in Detroit would be best described as stabilizing but still highly selective, shaped by a continued flight to quality, cautious capital markets and a growing emphasis on service and tenant experience. While vacancy remains elevated compared with pre-pandemic norms, limited new construction and a clear bifurcation between high- and low-quality assets are helping prevent further deterioration. The next phase of the cycle will be defined by how effectively landlords adapt to tenant expectations and how long it takes for capital markets to allow older assets to meaningfully change hands. Detroit office in 2026 By the numbers, Detroit’s office market in 2026 shows stability without significant growth pressure. Vacancy estimates range from approximately 15.7 to 23.3 percent, depending on data source and asset class. Marcus & Millichap, for example, projects a 2026 year-end vacancy of roughly 15.7 percent, which is a modest 10-basis-point increase year-over-year. Broader datasets that include older inventory report vacancy closer to 23 percent. Asking rents have remained largely flat, with Class A…

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Detroit Developments Showcase Urban Adaptive Reuse, Preservation

Kristin Harlow — Thu, 05 Mar 2026 13:00:00 +0000

By Michael Poris, McIntosh Poris Architects Long defined by its industrial legacy, Detroit development currently combines ground-up construction with intelligent, innovative adaptive reuse. Brick-and-mortar manufacturing-era remnants include many buildings that originally served the automotive industry. As large-scale manufacturing relocated and Detroit’s population declined, several significant buildings were abandoned. Many are viable for second lives, ones that fulfill current commercial real estate market demands. Adaptive reuse makes sense I co-founded McIntosh Poris in 1994 to protect Detroit’s historic buildings from bulldozers and redesign them for a post-manufacturing economy. At that time, demolition was the most expedient option. To address this, we focused as much on civic networking and preservation education as architectural design. Implementation involved organizing events with public officials and the local business community to meet leaders of other cities’ successful urban-renewal programs. To make Detroit more attractive to commercial real estate investment, we lobbied for zoning changes. Most relevant, commercial and historic districts were re-evaluated to permit mixed-use redevelopment. Historic preservation became viable, often making sense both financially and culturally. Well before sustainability became a commercial real estate consideration, we educated developers on available adaptive reuse incentives such as historic tax credits. Combined with the inherent efficiencies of reuse,…

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Lockwood Cos. Opens 295-Unit Affordable Housing Community Near Ann Arbor

Kristin Harlow — Tue, 03 Mar 2026 14:11:00 +0000

PITTSFIELD TOWNSHIP, MICH. — Lockwood Cos. has opened Haverhill on Clark, a 295-unit affordable housing community located at the southwest corner of Clark and Golfside roads in Pittsfield Township near Ann Arbor. Haverhill on Clark represents a more than $76 million investment in Pittsfield Township and Washtenaw County. The community is located across from Washtenaw Community College and Trinity Health St. Joseph Mercy Hospital. Amenities include a pool, fitness center, gathering spaces, outdoor play structures, electric vehicle charging stations and pet-friendly accommodations.

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UM-Board of Regents Approves $143M Behavioral Health, Ambulatory Surgery Centers in Lansing

Kristin Harlow — Fri, 27 Feb 2026 14:02:12 +0000

LANSING, MICH. — The University of Michigan Board of Regents has approved two projects for mental health resources and certain surgical procedures in mid-Michigan. UM Health-Sparrow is building a behavioral health hospital and an ambulatory surgery center in Lansing. Groundbreakings are scheduled this summer, with plans to open each facility in 2028. The behavioral health hospital will be located in a park-like setting. The building is slated for vacant UM Health-Sparrow-owned property behind the Lansing hospital near Pennsylvania Avenue and Jerome Street. The 64-bed, $83 million facility will serve adult, geriatric, child and adolescent patients. UM-Health is collaborating with Sheppard Pratt, the nation’s largest private, nonprofit provider of behavioral health/substance abuse services, to manage the new hospital and behavioral health services. The $60 million UM Health-Sparrow Lansing Ambulatory Surgery Center will be located west of the Lansing hospital near Michigan and Pennsylvania avenues. The outpatient facility will feature four operating rooms at the start, with options to expand. The new surgery center will care for patients currently undergoing procedures at the 100-year-old St. Lawrence campus and will handle some cases currently performed at the Lansing hospital. Cardiac patients will also benefit from a new MRI planned for the facility.

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Return of the Spec: Metro Detroit’s Next Industrial Chapter

Kristin Harlow — Thu, 26 Feb 2026 13:00:00 +0000

By Ryan Brittain, Colliers Speculative construction has always carried a certain boldness in industrial real estate. Building without a tenant can either signal visionary thinking or a bold bet on future demand. In metro Detroit, that confidence was on full display during the post-COVID boom. To meet the surge in tenant demand, highly respected industrial developers raced to deliver modern distribution space across the region. At the height, preleasing was not always necessary but often occurred. Developers pushed forward on new Class A warehouses, confident that tenant requirements would catch up and, for a time, they did. Yet here we are in 2026, and speculative development is not an idea of the past. It is returning, this time with more discipline. This is not another Resurgit cineribus Detroit comeback story, but rather a thoughtful recalibration. The “Return of the Spec” reflects a market that has matured and learned, not one that has overheated. To understand it today, it helps to revisit how we arrived. As a wave of newly completed speculative projects delivered (at one point, the market saw 12 million square feet under construction), availability expanded. Shortly thereafter, the automotive industry hit an uncertain patch in late 2023. Vacancy…

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Michigan Central to Debut 17,000 SF The Mezz Workspace in April

Kristin Harlow — Wed, 25 Feb 2026 14:54:01 +0000

DETROIT — This April, Michigan Central will open The Michigan Central Mezz, a new work and collaboration space that expands access to the innovation district in Detroit. The Mezz spans 17,000 square feet on the mezzanine level of Michigan Central Station. The workspace offers a variety of desks and work setups, meeting rooms, quiet zones, a kitchen and private wellness rooms. Access to The Mezz requires Michigan Central membership. The network at Michigan Central includes founding partners Ford Motor Co., Google, the State of Michigan, the City of Detroit, Henry Ford Health and Newlab, a venture platform that partners with Michigan Central to support the mobility, energy and manufacturing startups that are part of the district. More than 2,000 professionals and 240 companies work across the 30-acre Michigan Central.

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TopSide Marinas Acquires 80-Acre Bay Harbor Marina in Bay City, Michigan

Kristin Harlow — Thu, 19 Feb 2026 13:55:52 +0000

BAY CITY, MICH. — TopSide Marinas has acquired Bay Harbor Marina, a full-service marina located along the Saginaw River in Bay City. The transaction marks TopSide’s entry into the Michigan market. Established in 1967, Bay Harbor Marina spans 80 acres and features 400 wet slips, 100 dry stack slips and more than 500 winter storage spaces, including over 120,000 square feet of heated indoor storage. Onsite services include fuel docks, a ship store, mechanical and electronic repair, fiberglass and paint services, haul-out capabilities and both indoor and outdoor storage options. The marina serves boaters of all kinds, with members ranging from pontoon and sailboat owners to those operating large cruisers. TopSide plans to expand the service department and storage availability as well as enhance the store.

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Pita Way Signs 1,400 SF Restaurant Lease in Lansing, Michigan

Kristin Harlow — Wed, 11 Feb 2026 14:10:23 +0000

LANSING, MICH. — Pita Way has signed a 1,400-square-foot lease to open at The Marketplace at Delta Township in Lansing. Michael Murphy of Gerdom Realty & Investment represented the tenant. The transaction marks the sixth Pita Way location that Gerdom helped the tenant secure in the past year. Eric Unatin of Mid-America Real Estate Group represented the undisclosed landlord.

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SRS Real Estate Brokers Sale-Leaseback of 277,425 SF Industrial Facility in Warren, Michigan

Kristin Harlow — Fri, 06 Feb 2026 15:03:28 +0000

WARREN, MICH. — SRS Real Estate Partners has brokered the sale-leaseback of a single-tenant, 277,425-square-foot industrial facility located at 26661 Lipari Way in Warren. Built in 2006 and situated on 11.7 acres, the property serves as the headquarters and distribution site for Lipari Foods, a wholesale food distributor. Michael Carter and Frank Rogers of SRS represented Lipari Foods in the sale. The buyer was a private investment fund from New York City. Lipari Foods signed a new, corporate-guaranteed 15-year lease. The building features 28,000 square feet of office space and 205,000 square feet of temperature-controlled warehouse space, which includes nearly 23,000 square feet of dock space with a total of 30 dock doors.

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Wellness Center Signs 1,685 SF Retail Lease at Market Place Plaza in Suburban Detroit

Kristin Harlow — Tue, 03 Feb 2026 14:25:50 +0000

FARMINGTON HILLS, MICH. — Thai Body and Soul, a wellness center, has signed a 1,685-square-foot retail lease at Market Place Plaza in Farmington Hills. Owen Kelly and Michael Murphy of Gerdom Realty & Investment represented the undisclosed landlord. Market Place Plaza is situated on Orchard Lake Road, just south of 13 Mile Road.

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Bernard Financial Group Arranges $3M in Financing for Flex Industrial Property in Auburn Hills, Michigan

Kristin Harlow — Mon, 02 Feb 2026 14:53:35 +0000

AUBURN HILLS, MICH. — Bernard Financial Group (BFG) has arranged a $3 million permanent loan for a 64,000-square-foot flex industrial property in Auburn Hills. David Ruff of BFG arranged the loan on behalf of the borrower, K-S Group LLC. A life insurance company provided the loan.

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Powerhouse Gym Opens 120,000 SF Location at The Mall at Partridge Creek in Michigan

Kristin Harlow — Fri, 30 Jan 2026 14:13:07 +0000

CLINTON TOWNSHIP, MICH. — Powerhouse Gym has opened its largest location totaling 120,000 square feet at The Mall at Partridge Creek, an open-air regional shopping center in Michigan’s Macomb County. The space was formerly home to Carson’s. The gym offers a lap pool, dry sauna, women’s-only space, spa services, a kid’s zone, spin room with nightclub-style lighting, yoga, cycling, a turf, track, massage chairs, a basketball court, personal trainers and fitness classes. The gym also features Italian-imported Panatta equipment and is adding a Detroit Medical Center physical therapy area and Pure Green juice bar in the first quarter. The new Powerhouse Gym location opened this week after the most successful membership pre-sale in the company’s history, according to a release. Spinoso Real Estate Group handles leasing and management of The Mall at Partridge Creek.

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NAI Farbman Negotiates 4,500 SF Restaurant Lease for Culver’s in Metro Detroit

Kristin Harlow — Fri, 30 Jan 2026 14:11:14 +0000

GROSSE POINTE, MICH. — NAI Farbman, the brokerage arm of Farbman Group, has negotiated a 4,500-square-foot restaurant lease for Culver’s at 18845 Mack Ave. in Grosse Pointe, about 12 miles northeast of Detroit. The lease marks the first Culver’s location in the market. Originally constructed as a bank in 1949, the property was transformed into a dining destination. The locally owned and operated restaurant, which opened Dec. 15, features menu items such as ButterBurgers and frozen custard offerings. Harrison Yaldoo represented Culver’s and the landlord in the lease. Culver’s was founded in Wisconsin in 1984.

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Cinnaire Closes $134M LIHTC Fund for 12 Affordable Housing Projects Across Five States

Kristin Harlow — Tue, 20 Jan 2026 13:47:23 +0000

LANSING, MICH. — Cinnaire has closed a $134 million low-income housing tax credit (LIHTC) fund, Cinnaire Fund for Housing 44. The fund will finance 12 affordable housing developments across five states, creating or preserving 950 homes for families, seniors and individuals with special needs. Fund 44 will support developments such as Chamberlain House in Rochester, Ind., East Bay Flats in Traverse City, Mich. and Element Collective in Madison, Wis. Chamberlain House is a new development with 40 affordable housing units for families, including eight units reserved for Indiana’s State Referral Network with project-based vouchers from the Indiana Housing & Community Development Authority. Housing Directions and Village Management Co. is developing the project. East Bay Flats is a rehabilitation project delivering 64 affordable homes for individuals who are homeless or at risk of homelessness. All units are supported by project-based rental subsidies from the Michigan State Housing Development Authority, with onsite supportive services provided by Goodwill Northern Michigan. The development team includes Goodwill Northern Michigan and TJ Acquisitions. Element Collective is a new property in Dane County that will create 197 affordable homes for families, including five units reserved for individuals experiencing or at risk of homelessness. As part of…

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Gantry Arranges $12M Refinancing for Two Self-Storage Facilities in Suburban Detroit

Kristin Harlow — Mon, 19 Jan 2026 15:03:45 +0000

DETROIT — Gantry has arranged $12 million across two loans to refinance maturing debt for a pair of National Storage-branded facilities in suburban Detroit on behalf of Pogoda Cos. The stabilized properties offer 1,082 units totaling more than 141,000 net rentable square feet with additional vehicle storage and both climate-controlled and drive-up units. Andy Weiss, Andy Bratt and Nick Severson of Gantry represented the borrower, a private real estate investor. A life insurance company provided the seven-year, fixed-rate loan, which features interest-only payments for the full term and flexible prepayment. Gantry will service the loan on behalf of the lender.

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UPS Signs 1,304 SF Retail Lease at Canton Landings Shopping Center in Michigan

Kristin Harlow — Tue, 13 Jan 2026 14:05:02 +0000

CANTON TOWNSHIP, MICH. — The UPS Store has signed a 1,304-square-foot retail lease at Canton Landings on Ford Road in Canton Township, a western suburb of Detroit. Michael Murphy and Owen Kelly of Gerdom Realty & Investment represented the undisclosed landlord. Lindsey Shaw of Mid-America Real Estate Group represented the tenant. One space remains available for lease at Canton Landings.

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Mid-America Brokers Sale of 99,529 SF Retail Center in Grand Rapids

Kristin Harlow — Mon, 12 Jan 2026 14:45:22 +0000

GRAND RAPIDS, MICH. — Mid-America Real Estate Corp. has brokered the sale of Cascade East, a 99,529-square-foot, grocery-anchored retail center in Grand Rapids. The property was 97 percent leased at the time of sale to D&W Fresh Market, Hallmark, Sola Salon Studios, iSmash, Your Pets Naturally, HOTWORX, Warhammer and Pit Stop Catering. Ben Wineman, Eric Geskermann and Daniel Stern of Mid-America represented the seller, a publicly traded REIT. Batal Real Estate, a metro Detroit-based private investment firm, was the buyer.

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