Michigan Archives - REBusinessOnline

Jarbou Ronnisch Construction Buys Detroit Office Building from Bedrock

Kristin Harlow — Fri, 30 Oct 2026 13:47:12 +0000

DETROIT — Jarbou Ronnisch Construction (JRC) has acquired an office building located at 1265 Griswold St. in Detroit’s Capitol Park from Bedrock. The company is expanding its Detroit presence and will occupy 6,000 square feet of the building’s fourth floor. JRC, which anticipates moving into the space in the second quarter of 2027, will invest between $3 and $4 million in capital improvements, including façade renovations and tenant build-outs. Current tenants include Gensler. The historic property totals 35,000 square feet and rises six stories. Constructed in 1897, the building was designed by the Detroit architectural firm Spier & Rohns. In 2013, Bedrock purchased the asset, which was renovated by Neumann Smith Architects. JRC’s sister company, Symmetry Management, will serve as property manager.

The post Jarbou Ronnisch Construction Buys Detroit Office Building from Bedrock appeared first on REBusinessOnline.

MMCC Arranges $25M Acquisition Loan for Retail Property in Troy, Michigan

Kristin Harlow — Mon, 26 Oct 2026 13:03:40 +0000

TROY, MICH. — Marcus & Millichap Capital Corp. (MMCC) has arranged $25 million in financing for the acquisition of a 62,364-square-foot retail property in Troy. Todd Phillips of MMCC arranged the loan through a national bank. It features a seven-year term, 6.1 percent interest rate and 30-year amortization period. The property, located near I-75, is home to several national restaurants and retailers.

The post MMCC Arranges $25M Acquisition Loan for Retail Property in Troy, Michigan appeared first on REBusinessOnline.

Law Firm Inks 45,000 SF Office Lease in East Lansing, Michigan

Kristin Harlow — Tue, 20 Oct 2026 14:16:42 +0000

EAST LANSING, MICH. — Law firm Fahey Schultz Burzych Rhodes PLC (FSBR) has signed a lease to open a new office in approximately 45,000 square feet of MSU Federal Credit Union’s Headquarters 2 building in East Lansing. Martin Commercial Properties led the coordination of the off-market transaction. Martin’s construction team will also lead the build-out of the new offices, with FSBR targeting a spring 2027 move-in. The lease agreement introduces a new use for space within Headquarters 2 that had previously supported the credit union’s internal operations.

The post Law Firm Inks 45,000 SF Office Lease in East Lansing, Michigan appeared first on REBusinessOnline.

Dan Gilbert Pledges $1B Capital Commitment for Renaissance Center Redevelopment in Detroit

Hayden Spiess — Tue, 20 Oct 2026 11:14:00 +0000

DETROIT — Dan Gilbert, founder and chairman of mortgage giant Rocket Cos. and real estate company Bedrock, has pledged to commit roughly $1 billion in capital for the redevelopment of Renaissance Center, a landmarked mixed-use property in Detroit. The overall redevelopment cost is currently projected to be $2.2 billion. As part of the pledge, a new nonprofit organization will be formed to own, redevelop and operate the development and the surrounding Riverfront District. Bedrock will provide project management services on behalf of the nonprofit at no cost. According to the Detroit Historical Society, construction on Renaissance Center originally began in 1973. The first tower opened in 1976. General Motors purchased the development in 1996 for $73 million to serve as its global headquarters. In 2004, General Motors completed a $500 million renovation of the property. In January, the company completed its move to a new headquarters at Hudson’s Detroit. In 2024, Bedrock and General Motors established a partnership to explore redevelopment opportunities at Renaissance Center, announcing a conceptual plan for the redevelopment in November of that year. According to Crain’s Detroit Business, Renaissance Center is currently still owned by General Motors, and Dave Massaron — the company’s vice president of infrastructure and corporate citizenship — says…

The post Dan Gilbert Pledges $1B Capital Commitment for Renaissance Center Redevelopment in Detroit appeared first on REBusinessOnline.

Dick’s House of Sport to Anchor West End of Mall at Partridge Creek in Suburban Detroit

Kristin Harlow — Mon, 19 Oct 2026 13:13:11 +0000

CLINTON TOWNSHIP, MICH. — Dick’s House of Sport will join the Mall at Partridge Creek as its final anchor store. The tenant will occupy the former Nordstrom space at the west end of the mall, creating a 116,000-square-foot store. The new store will offer a wide assortment of products along with in-store experiences, including a climbing wall, multiple golf bays with TrackMan simulators and a multi-sport cage that can be used for baseball, softball, lacrosse and soccer. Spinoso Real Estate Group handles leasing and management for the mall in Clinton Township.

The post Dick’s House of Sport to Anchor West End of Mall at Partridge Creek in Suburban Detroit appeared first on REBusinessOnline.

CrownPoint Arranges $9.2M Sale-Leaseback of Dental Portfolio in Michigan

Hayden Spiess — Fri, 09 Oct 2026 14:59:34 +0000

LANSING, MICHIGAN — National real estate brokerage firm CrownPoint Partners has arranged the $9.2 million sale-leaseback of a five-property dental portfolio located across lower Michigan. CrownPoint represented both the seller and buyer in the transaction, which went from contract to close in 42 days. The portfolio consists of five dental properties totaling 35,212 square feet across Lansing, Charlotte, Adrian, Saint Joseph and Jackson, Michigan. The transaction was structured with new 15-year absolute-net leases featuring 2 percent annual rent increases, providing the buyer with long-term contractual income and no landlord responsibilities. The portfolio spans established healthcare and retail corridors throughout Michigan and serves combined trade areas encompassing more than 1.6 million residents. The properties benefit from regional connectivity to major transportation routes, including I-94, I-96, I-69, U.S. 127 and U.S. 31, as well as proximity to major healthcare systems throughout the state, according to CrownPoint.

The post CrownPoint Arranges $9.2M Sale-Leaseback of Dental Portfolio in Michigan appeared first on REBusinessOnline.

Boulder Group Negotiates Sale of Four-Property Net-Leased Dollar General Retail Portfolio in Michigan

Hayden Spiess — Thu, 08 Oct 2026 16:02:15 +0000

NORTHERN and CENTRAL MICH. — The Boulder Group has arranged the sale of a four-property portfolio of single-tenant net leased Dollar General properties, all located in Michigan, for $8.3 million. The portfolio consists of four newly constructed Dollar General stores in Gaylord, Reed City, Honor and Vermontville, offering geographic diversification across the northern and central regions of the state. The properties are situated in established communities with convenient highway access, and several benefit from steady year-round tourism and outdoor recreation traffic. Each store serves as a primary source of everyday household essentials for its surrounding rural trade area. Randy Blankstein, Jimmy Goodman and John Feeney of The Boulder Group, based in Wilmette, Ill., represented both the seller and the buyer in the transaction. The seller was a Midwest-based developer, and the buyer was a Northeast based investment fund. Each property in the portfolio is leased to Dollar General on an absolute triple-net lease with no landlord responsibilities. Three of the four properties represent the 10,640-square-foot Dollar General Plus prototype, which is a larger store format offering an expanded assortment of fresh and refrigerated products. The leases feature 5 percent rental increases every five years during the primary term and five 5-year renewal options with…

The post Boulder Group Negotiates Sale of Four-Property Net-Leased Dollar General Retail Portfolio in Michigan appeared first on REBusinessOnline.

Four New Tenants to Open at The Mall at Partridge Creek in Michigan

Kristin Harlow — Mon, 05 Oct 2026 13:01:00 +0000

CLINTON TOWNSHIP, MICH. — Four new tenants are opening at The Mall at Partridge Creek this fall. The open-air regional shopping center is located in Macomb County and is home to more than 80 stores, restaurants and entertainment sites. Cherry Republic, a northern Michigan business that makes cherry products, is now open in a 6,277-square-foot store next to Pandora inside the mall’s main entrance. The Noble Duck Japanese Sushi & Steakhouse, a new local concept, will open this holiday season. Owned by Chef Omar Mitchell, the creator of Detroit’s Table No. 2 Restaurant, The Noble Duck will offer modern Japanese dining in a 4,831-square-foot space near Cooper’s Hawk and Powerhouse Gym at the east end of the mall. See’s Candies will open at the mall in November with a 1,499-square-foot location next to Express at the mall’s main entrance. Apparel and accessories retailer Aeropostale will open in late November. The 3,760-square-foot store will be located at the east end of the mall next to American Eagle.

The post Four New Tenants to Open at The Mall at Partridge Creek in Michigan appeared first on REBusinessOnline.

Marcus & Millichap Brokers $3.2M Sale of Auto Shop Property in Grand Rapids

Kristin Harlow — Mon, 05 Oct 2026 13:00:00 +0000

GRAND RAPIDS, MICH. — Marcus & Millichap has brokered the $3.2 million sale of an automotive service property occupied by Christian Brothers Automotive in Grand Rapids. Built in 2021, the property totals 5,810 square feet. Jeff Rowlett and Paul Kerber of Marcus & Millichap procured the buyer, a private investor based in Illinois.

The post Marcus & Millichap Brokers $3.2M Sale of Auto Shop Property in Grand Rapids appeared first on REBusinessOnline.

Newmark Negotiates 157,642 SF Office Lease for AT&T in Southfield, Michigan

Kristin Harlow — Fri, 02 Oct 2026 13:02:00 +0000

SOUTHFIELD, MICH. — Newmark has negotiated a 157,642-square-foot office lease for AT&T at Travelers Tower II, a 13-story office building in Southfield. Daniel Canvasser and J.P. Champine of Newmark represented the landlord, Time Equities Inc., which completed extensive capital improvements. AJ Weiner and Dave MacDonald of JLL represented the tenant. Travelers Towers comprises two interconnected office buildings totaling 810,460 square feet. Tenants include Lucid Motors, R1, MetLife, Willis Towers Watson, RXO and S&P. Roughly 33,786 square feet remains available for lease.

The post Newmark Negotiates 157,642 SF Office Lease for AT&T in Southfield, Michigan appeared first on REBusinessOnline.

Eleven New Tenants Join RiverTown Crossings Shopping Mall in Grandville, Michigan

Kristin Harlow — Fri, 02 Oct 2026 13:00:00 +0000

GRANDVILLE, MICH. — Eleven new tenants are joining RiverTown Crossings in Grandville. The leases total 33,208 square feet. Throw it Back Dirty Soda opened its first permanent storefront Aug. 15 on the lower level next to Vito’s Sports Shop. Opening Nov. 15, Sweet Kisses Bakery will be located on the second level near JC Penney. Coming this fall are Addiour Perfume, Summit Comics and Games, Katie’s Heart & Home, Ventrora Perfume, Kako Claw and Cell Repair Xpert. MooZoo Slime Shop has a grand opening scheduled for Thursday, Oct. 17. Opening in winter 2026 are JD Sports and Snack’d. RiverTown Crossings is an indoor shopping and entertainment destination in west Michigan.

The post Eleven New Tenants Join RiverTown Crossings Shopping Mall in Grandville, Michigan appeared first on REBusinessOnline.

Ann Arbor Housing Commission, Related Midwest Break Ground on 330-Unit Affordable Housing Community

Kristin Harlow — Thu, 01 Oct 2026 12:44:03 +0000

ANN ARBOR, MICH. — Related Midwest and the Ann Arbor Housing Commission have broken ground on The Adeline, a 20-story affordable housing community with 330 units in downtown Ann Arbor. The Adeline will offer a mix of one- and two-bedroom layouts, all of which will be reserved for households earning up to 80 percent of the area median income (AMI). Approximately one-third of units will be set aside for households earning less than 30 percent of AMI. Completion is slated for 2028. The all-electric building will incorporate a geothermal system as its primary heating and cooling source. The Adeline is Related’s first building nationally, and one of the largest affordable housing communities in Michigan, to utilize geothermal energy. The building’s ground floor will include two storefronts collectively offering more than 6,000 square feet of retail space, along with a resident lobby, mail room and package room. Designed by SmithGroup, the tower will sit atop a two-story podium. The second floor will house amenities such as a lounge, multipurpose classroom, indoor children’s playroom, fitness center and resident storage space. The Adeline takes its name from Robert and Adeline Thompson, who in 1964 opened DeLong’s Bar-B-Q Pit in a converted gas station…

The post Ann Arbor Housing Commission, Related Midwest Break Ground on 330-Unit Affordable Housing Community appeared first on REBusinessOnline.

Oxford Cos., Crawford Hoying Receive State Approval for Arbor South Mixed-Use Project in Michigan

Kristin Harlow — Thu, 24 Sep 2026 14:20:35 +0000

ANN ARBOR, MICH. — Oxford Cos. and Crawford Hoying have received final state approval from the Michigan Strategic Fund Board for Arbor South, a 20-acre mixed-use development planned for Ann Arbor’s south side. Located at 2845 S. State St. near Eisenhower Parkway, Arbor South will include more than 1,000 apartments and condominiums, including over 200 affordable housing units in partnership with the Ann Arbor Housing Commission. Plans also call for 100,000 square feet of ground-floor commercial space, an upscale hotel, parks, green spaces and gathering areas. Arbor South was approved via the largest brownfield tax recapture plan in city and county history, according to a release. It is moving forward under Ann Arbor’s new TC-1 zoning ordinance, designed to increase transit-corridor density outside downtown. The approval follows two years of planning, refinement and coordination with city officials, state leaders and project partners. Detroit-based Sachse Construction is the general contractor. The project team also includes Detroit-based architecture and design firm Lord Aeck Sargent and Ann Arbor-based civil engineering firm Midwestern Consulting. Pre-construction work is expected to begin this winter.

The post Oxford Cos., Crawford Hoying Receive State Approval for Arbor South Mixed-Use Project in Michigan appeared first on REBusinessOnline.

Detroit Tigers, Fifth Third Bank Rename Comerica Park

Kristin Harlow — Tue, 22 Sep 2026 12:57:40 +0000

DETROIT — The Detroit Tigers and Fifth Third Bancorp (NYSE: FITB) have announced that Comerica Park will become Fifth Third Park. The naming rights transition follows Fifth Third’s acquisition of Comerica in February. After the merger, Fifth Third became the largest retail deposit holder in both Michigan and Detroit, established its Michigan regional headquarters at One Campus Martius in downtown Detroit and maintained the Great Lakes Campus in Farmington Hills. Since opening in 2000, the ballpark has anchored Detroit’s sports and entertainment district. Signage updates will roll out during the offseason, and the marquee signage will be installed ahead of the 2027 season. Comerica Park has been the name of the stadium since it opened.

The post Detroit Tigers, Fifth Third Bank Rename Comerica Park appeared first on 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.