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RIVERFRONT HOLDINGS ACQUIRES PORTION OF MILLENDER CENTER IN DETROIT

DETROIT — Riverfront Holdings, an arm of General Motors, has acquired a portion of Millender Center, a mixed-use complex in Detroit. Forest City Enterprises and its partners sold the portion for $37.8 million. The acquired asset includes a 1,850-space parking facility, the 242-room Courtyard by Marriott hotel, approximately 30,000 square feet of retail space and 9,800 square feet of office space. Forest City and its partners will retain ownership of the 339-unit Millender Center Apartments.

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