Michigan Archives - REBusinessOnline

National Daycare Franchise to Open 12 New Centers Totaling 120,000 SF in Michigan, Nebraska

Kristin Harlow — Fri, 18 Sep 2026 13:05:09 +0000

MICHIGAN AND NEBRASKA — National daycare franchise The Learning Experience has unveiled plans to open 12 new centers over the next three years, adding 120,000 square feet. Each location will total up to 10,000 square feet of indoor building space with up to a 5,000-square-foot playground. Each center will employ as many as 30 staff members and certified teachers to serve upwards of 180 children between six weeks and six years of age with daycare and early childhood education. Eight are planned for Michigan, with six in the Detroit area and two in Grand Rapids. The other four are planned for Nebraska, evenly split between the Lincoln and Omaha metro areas. The Learning Experience, which is owned by private equity group Harvest Partners, now maintains 491 centers open and operating. The Florida-based franchise opened 57 new centers in 2025 and 29 so far in 2026, with another 305 currently under development.

The post National Daycare Franchise to Open 12 New Centers Totaling 120,000 SF in Michigan, Nebraska appeared first on REBusinessOnline.

Amazon Occupies 312,474 SF Industrial Building in Romulus, Michigan

Kristin Harlow — Wed, 09 Sep 2026 14:23:33 +0000

ROMULUS, MICH. — Amazon has moved into Building 4 at Romulus Trade Center in Michigan. Contegra Construction completed the 312,474-square-foot industrial building on behalf of NorthPoint Development. The property was completed in June after a seven-month construction process and joins five other buildings in the industrial park, which is located on the other side of I-94 from Detroit Metropolitan Wayne County Airport. Built on a speculative basis, the property features rear-loading and cross-docked options, LED lighting and 45,000-pound dock levelers. Prior to completing Building 4, Contegra began construction on Building 6 in the same development. The 282,909-square-foot, single-load building is slated for completion in November. Romulus Trade Center is slated to total nearly 2 million square feet across six buildings. The development will also include a 27-acre retail corridor, including Michigan’s first Sheetz convenience store and a Tesla Supercharger station. Contegra worked with subcontractors D&R Earth Moving, B&B Concrete Placement, Southern Roots Steel Erectors and Daniel’s Glass.

The post Amazon Occupies 312,474 SF Industrial Building in Romulus, Michigan appeared first on REBusinessOnline.

ICP Acquires 426,788 SF Corporate Campus in Kalamazoo, Michigan

Kristin Harlow — Tue, 08 Sep 2026 12:57:30 +0000

KALAMAZOO, MICH. — Industrial Commercial Properties LLC (ICP) has acquired 1 Financial Parkway, a three-building, 426,788-square-foot corporate campus situated on 55 acres in Kalamazoo. The property’s I-1 zoning allows for a variety of office and industrial uses, giving ICP flexibility to reposition the campus for a broad range of users. ICP plans to market the campus to companies seeking office, industrial, technology, corporate headquarters and other flexible business environments.

The post ICP Acquires 426,788 SF Corporate Campus in Kalamazoo, Michigan appeared first on REBusinessOnline.

Bernard Financial Group Secures $5M Loan for Refinancing of Detroit Multifamily Property

Kristin Harlow — Tue, 08 Sep 2026 12:55:57 +0000

DETROIT — Bernard Financial Group (BFG) has arranged a $5 million loan for the refinancing of a 114-unit multifamily property in Detroit. Joshua Bernard of BFG arranged the loan on behalf of the borrower, Orleans Owner LLC. A life insurance company provided the loan.

The post Bernard Financial Group Secures $5M Loan for Refinancing of Detroit Multifamily Property appeared first on REBusinessOnline.

Phoenix Investors’ Affiliate Acquires 1.8 MSF Industrial Complex in Saginaw, Michigan

Matthew Auchincloss — Fri, 28 Aug 2026 15:05:00 +0000

SAGINAW, MICHIGAN — An affiliate of Phoenix Investors, a company specializing in revitalizing former manufacturing sites, has acquired a three-building, 1.8 million-square-foot industrial complex in Buena Vista Charter Township, which borders the city of Saginaw, from international auto supplier Nexteer Automotive. The sales price was not disclosed. The three buildings are known locally as Plants 5, 6/1 and 7. Nexteer will continue to occupy nearly 1.3 million square feet across Plants 6/1 and 7, and those facilities are expected to continue operating as normal during the transition period. Approximately 552,000 square feet in Plant 5 is currently available for lease. As of January 2026, the portfolio of Milwaukee, Wis.-based Phoenix Investors totaled 85 million square feet spanning 27 states.

The post Phoenix Investors’ Affiliate Acquires 1.8 MSF Industrial Complex in Saginaw, Michigan appeared first on REBusinessOnline.

REDICO, One Orchard Launch Medical Outpatient Investment Platform InfraMed

Kristin Harlow — Fri, 21 Aug 2026 13:09:00 +0000

SOUTHFIELD, MICH. AND NEW YORK CITY — Southfield-based REDICO has launched InfraMed Properties, a healthcare infrastructure investment and operating platform formed in partnership with New York City-based One Orchard, a newly established real assets investment firm. InfraMed is structured to acquire, develop, own, lease and manage medical outpatient properties across the United States. InfraMed launches with a 25-asset portfolio across 16 states that are anchored by credit-backed tenants affiliated with health systems and specialty care providers. The platform is targeting more than $1 billion of investments capitalized through a combination of programmatic equity and debt financing from Fifth Third Bank. “InfraMed reflects REDICO’s conviction that medical outpatient buildings are a fundamentally stable class of real estate — one whose value will continue to grow as America’s aging population drives escalating demand for care. It is an opportunity for us to extend our expertise as an investor and owner of seniors housing communities into a complementary healthcare sector,” says Dale Watchowski, president and CEO of REDICO.

The post REDICO, One Orchard Launch Medical Outpatient Investment Platform InfraMed appeared first on REBusinessOnline.

Marcus & Millichap Arranges $2.1M Sale of Medical Office Property in Grand Rapids

Kristin Harlow — Tue, 18 Aug 2026 13:15:27 +0000

GRAND RAPIDS, MICH. — Marcus & Millichap has arranged the $2.1 million sale of East Paris Medical Center, a 10,011-square-foot, three-suite medical office property in Grand Rapids. Seth Haron, Ashish Vakhariya and Darin Gross of Marcus & Millichap represented the seller, a local private investor and retired physician. Located at 1155 E. Paris Ave. SE, the building is fully leased and anchored by Trinity Health Michigan.

The post Marcus & Millichap Arranges $2.1M Sale of Medical Office Property in Grand Rapids appeared first on REBusinessOnline.

Detroit’s Industrial Market Is Healthier, More Nuanced Than Numbers Suggest

Kristin Harlow — Thu, 13 Aug 2026 12:30:00 +0000

By Tony Avendt, Cushman & Wakefield At first glance, Detroit’s industrial real estate market appears to be entering a period of moderation. Vacancy has crept upward, new supply continues to trickle online and recent quarters have posted negative absorption. Yet beneath these headline indicators lies a more complex — and arguably more resilient — story. The numbers alone do not fully capture how tenant behavior, shifting supply dynamics and a growing pool of “shadow space” are reshaping the market in subtle but meaningful ways. As of the first quarter of 2026, metro Detroit’s industrial vacancy rate stood at 4.1 percent, marking the 11th consecutive quarterly increase and the highest level since 2015. Even so, the market remains significantly tighter than the national average of approximately 7 percent, reinforcing Detroit’s position as one of the more supply-constrained industrial markets in the U.S. Rental performance tells a similarly stable story. Net average asking rents reached $7.40 per square foot in the first quarter — a 2.1 percent year-over-year increase and the highest level since late 2023. While rent growth has moderated from earlier peaks, landlords have largely maintained pricing power, particularly for well-located, modern distribution facilities. Still, the market is recalibrating after…

The post Detroit’s Industrial Market Is Healthier, More Nuanced Than Numbers Suggest appeared first on REBusinessOnline.

SRS Brokers $6.9M Sale of Single-Tenant Retail Property in Kalamazoo, Michigan

Kristin Harlow — Tue, 11 Aug 2026 13:04:20 +0000

KALAMAZOO, MICH. — SRS Real Estate Partners has brokered the $6.9 million sale of a single-tenant retail property located at 2103 Parkview Ave. in Kalamazoo. D&W Fresh Market, operated by a subsidiary of C&S Wholesale, occupies the 29,000-square-foot building. Originally built in 1955, the property is situated on 2.3 acres. The current lease extends through Dec. 31, 2031, and includes three five-year renewal options that could extend occupancy through 2046. Jeff Gates of SRS represented the seller, a Toronto-based investor group. The buyer was an institutional investor. D&W Fresh Market has operated at the location for decades.

The post SRS Brokers $6.9M Sale of Single-Tenant Retail Property in Kalamazoo, Michigan appeared first on REBusinessOnline.

Rally House Signs 17,542 SF Retail Lease at Winchester Center in Rochester Hills, Michigan

Kristin Harlow — Wed, 29 Jul 2026 13:47:28 +0000

ROCHESTER HILLS, MICH. — Rally House has signed a 17,542-square-foot retail lease at Winchester Center in Rochester Hills. Greg Newman and Jason Orow of Keystone Commercial Real Estate arranged the lease. The center is home to retailers such as Dick’s Sporting Goods, Burlington and Marshalls. Rally House continues its expansion across Southeast Michigan, offering a selection of local, collegiate and professional sports merchandise.

The post Rally House Signs 17,542 SF Retail Lease at Winchester Center in Rochester Hills, Michigan appeared first on REBusinessOnline.

Alpine Realty Capital Arranges Sale of DoubleTree Hotel and Conference Center in Bay City, Michigan

Kristin Harlow — Tue, 28 Jul 2026 13:21:08 +0000

BAY CITY, MICH. — Alpine Realty Capital, a member of Hotel Brokers International, has arranged the sale of the DoubleTree Hotel and Conference Center by Hilton in Bay City. Alpine negotiated pricing and terms on behalf of the buyer and assisted in all aspects of due diligence, including appraisal and environmental execution, lender analysis and approvals and coordination with legal counsel and seller’s representatives. The property overlooks the Saginaw River and features an onsite restaurant, indoor pool, fitness center and meeting rooms.

The post Alpine Realty Capital Arranges Sale of DoubleTree Hotel and Conference Center in Bay City, Michigan appeared first on REBusinessOnline.

Marcus & Millichap Brokers $5.8M Sale of Medical Office Property in Davison, Michigan

Kristin Harlow — Fri, 17 Jul 2026 14:13:14 +0000

DAVISON, MICH. — Marcus & Millichap has brokered the $5.8 million sale of a 50,017-square-foot medical office property in Davison, a suburb of Flint. The two-suite office building is situated on 3.3 acres at 1515 Cal Drive. Built in 2003, the property is fully occupied by McLaren Health Management Group and The Cottage of Davison. McLaren provides home health, palliative care, hospice, home infusion, long-term care pharmacy and comprehensive laboratory services. The Cottage of Davison is a full-service memory care community. Jacob Keith and David Weinberg of Marcus & Millichap represented the seller, the owner and build-to-suit developer. A local OBR procured the buyer, a Michigan-based investor.

The post Marcus & Millichap Brokers $5.8M Sale of Medical Office Property in Davison, Michigan appeared first on REBusinessOnline.

SpurLine, Midloch Acquire 45,000 SF Retail Property Near Ann Arbor to Be Occupied by VASA Fitness

Kristin Harlow — Mon, 13 Jul 2026 13:43:49 +0000

YPSILANTI, MICH. — SpurLine Holdings and Midloch Investment Partners have acquired a 45,000-square-foot store formerly occupied by JoAnn Fabrics in Ypsilanti for $5.1 million. Following a gut renovation, the property will be occupied by VASA Fitness. The asset is part of a shopping center anchored by Meijer and Target. Cory Gross of Marcus & Millichap represented the buyers. Completion and occupancy are targeted for May 2027. The transaction represents the second joint investment between SpurLine and Midloch. In May 2025, the firms acquired a vacant, former Safeway grocery store in Longmont, Colo. That space also became occupied by VASA Fitness.

The post SpurLine, Midloch Acquire 45,000 SF Retail Property Near Ann Arbor to Be Occupied by VASA Fitness appeared first on REBusinessOnline.

Inland Sells Two Hilton-Branded Hotels in Michigan for $32M

Kristin Harlow — Fri, 10 Jul 2026 13:04:47 +0000

HOLLAND, MICH. — An affiliate of Inland National Development Co. LLC, a member company of The Inland Real Estate Group of Cos. Inc., has sold Tru by Hilton Holland (98 rooms) and Home2 Suites by Hilton Holland (109 rooms) for a combined sales price of $32 million. The hotel properties are located along US 31, providing convenient access to Holland State Park and Ottawa Beach. Tru by Hilton caters to short-term travelers with amenities such as a hot breakfast, indoor heated pool and fitness center. Home2 Suites by Hilton is designed for extended-stay guests, featuring apartment-style accommodations with fully equipped in-suite kitchens, complimentary Wi-Fi and breakfast. Guests of both hotels can benefit from shared amenities.

The post Inland Sells Two Hilton-Branded Hotels in Michigan for $32M appeared first on REBusinessOnline.

Southfield City Council Approves $65.1M Office Redevelopment Project in Metro Detroit

Kristin Harlow — Wed, 08 Jul 2026 13:09:49 +0000

SOUTHFIELD, MICH. — The Southfield City Council has approved a $65.1 million redevelopment project that will transform the former Blue Cross Blue Shield campus on West 11 Mile Road into a mixed-use community featuring 305 workforce housing apartments, neighborhood retail and opportunities for future commercial development. The project, led by DV Properties LLC, an affiliate of Brady Sullivan, will breathe new life into two former office towers that have remained underutilized for years. All apartments will be marketed to households earning up to 120 percent of the area median income. Construction timelines and additional project updates will be shared as redevelopment activities move forward, according to the city.

The post Southfield City Council Approves $65.1M Office Redevelopment Project in Metro Detroit appeared first on REBusinessOnline.

Bernard Financial Group Arranges $7M Loan for Refinancing of Michigan Multifamily Property

Kristin Harlow — Thu, 25 Jun 2026 13:06:02 +0000

TAYLOR, MICH. — Bernard Financial Group has arranged a $7 million permanent loan for the refinancing of a 236-unit multifamily property in Taylor, about 16 miles southwest of downtown Detroit. Joshua Bernard arranged the loan through a life insurance company on behalf of the borrower, Taylor Park Apartments LP.

The post Bernard Financial Group Arranges $7M Loan for Refinancing of Michigan Multifamily Property appeared first on REBusinessOnline.

Michigan Strategic Fund Approves $270.7M Plan for Redevelopment of Former Lakeside Mall

Kristin Harlow — Wed, 24 Jun 2026 14:33:13 +0000

STERLING HEIGHTS, MICH. — Gov. Gretchen Whitmer and the Michigan Strategic Fund Board have approved a $270.7 million Transformational Brownfield Plan (TBP) to support the redevelopment of the former Lakeside Mall site in Sterling Heights. The proposed plan includes roughly 1,545 residential units across nine multifamily buildings ranging in size from four to five stories, including a building targeted at residents over 55 years of age. Additionally, the project will add 154,007 square feet of new retail space, a central community park and green space and a mix of parking lots and street parking for residents and visitors. When complete, the project is estimated to result in $621 million in total capital investment. Aside from participating in tax revenue capture to support the redevelopment plan, the City of Sterling Heights intends to proceed with a bond issuance of approximately $27.6 million to assist in the cost of the infrastructure. The total TBP incentive package will be reimbursed over 30 years. The developer, Lakeside OOTB Ventures LLC, is a subsidiary of Lionheart Capital. Lakeside Mall closed in July 2024.

The post Michigan Strategic Fund Approves $270.7M Plan for Redevelopment of Former Lakeside Mall appeared first on REBusinessOnline.

BWE Arranges $37M Bridge Loan for Apartment Building in Kalamazoo, Michigan

Kristin Harlow — Wed, 24 Jun 2026 14:32:39 +0000

KALAMAZOO, MICH. — BWE has arranged a $37 million bridge loan for The Exchange, a 15-story apartment building in Kalamazoo. BWE’s Chris Carroll, Cathy Bronkema and Max Miller originated the financing from a debt fund on behalf of the borrower, a local commercial and residential property developer. Delivered in December 2020, The Exchange features ground-floor retail space, structured parking and luxury apartment units. Amenities include a roof deck, outdoor patio, fitness center, clubroom, package handling room and bike storage.

The post BWE Arranges $37M Bridge Loan for Apartment Building in Kalamazoo, Michigan appeared first on REBusinessOnline.

Ilitch Cos. Agrees to Acquire Two Casinos in Mississippi and New Jersey, Forms Ilitch Gaming

Matthew Auchincloss — Fri, 19 Jun 2026 12:00:00 +0000

DETROIT — Ilitch Cos., which owns and operates the Detroit Red Wings, the Detroit Tigers, pizza chain Little Caesar’s and Olympia Entertainment, has agreed to acquire Scarlet Pearl Casino Resort in D’Iberville, Miss., as well as the remaining 50 percent ownership interest in Ocean Casino Resort in Atlantic City, N.J. In conjunction, Ilitch Cos. CEO Chris Ilitch has also announced the formation of Ilitch Gaming, a new enterprise that will oversee the company’s gaming businesses, including the two new casinos. Detroit-based Ilitch Cos. also owns MotorCity Casino Hotel, located in Detroit, which will also now come under Ilitch Gaming’s operating umbrella. Scarlet Pearl Casino Resort is a 300-key hotel with a gaming floor containing more than 800 slots and video poker machines and 30 table games. The property also features multiple amenities and a 36-hole miniature golf course. The purchase of Scarlet Pearl Casino Resort marks the third market Ilitch Cos. has expanded into. Ocean Casino Resort features 1,860 rooms with a 135,000-square-foot casino floor, a 4,500-seat concert venue and 160,000 square feet of meeting and convention space. The beachfront property spans than 20 acres and offers proximity to the Atlantic City Boardwalk. In addition, Ocean Casino Resort offers a…

The post Ilitch Cos. Agrees to Acquire Two Casinos in Mississippi and New Jersey, Forms Ilitch Gaming appeared first on REBusinessOnline.

CooperWynn Capital Arranges Financing for Acquisition, Rebrand of 203-Key Detroit Hotel

Kristin Harlow — Thu, 18 Jun 2026 13:18:50 +0000

DETROIT — CooperWynn Capital has arranged financing, including bridge debt and joint venture equity, for the acquisition and conversion of the 203-key DoubleTree Suites Detroit Downtown Fort Shelby hotel. The borrower is 6PM Hospitality Partners LLC. The financing includes a roughly $14.5 million preferred equity investment from Peachtree Group as part of a total capitalization of approximately $42 million. The property, which is listed on the National Register of Historic Places, will be rebranded as an Embassy Suites by Hilton and will undergo extensive renovations to guestrooms, public spaces, food-and-beverage outlets and meeting spaces. The hotel is expected to reopen later this year as a 204-key, all-suite hotel that will be managed by 6PM Hospitality Partners. The asset was originally constructed in 1917 and designed by renowned Detroit architect Albert Kahn. The hotel underwent a restoration in 2008 in connection with its repositioning under the DoubleTree by Hilton brand, followed by a refresh in 2023.

The post CooperWynn Capital Arranges Financing for Acquisition, Rebrand of 203-Key Detroit Hotel appeared first on REBusinessOnline.