Retail - Detroit
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Lincoln Park Plaza Finds New Owner
The shopping center is mostly vacant, but the new owner plans to reposition the 176,000-square-foot property. Friedman Integrated's Rich Deptula represented both the seller and the buyer in this transaction.
02 October 2017 21:20 -
Historic Detroit Restaurant Goes Energy Efficient With C-PACE
Austin-based Petros PACE Finance facilitated nearly $1 million in C-PACE financing, which will allow the owner to install energy-saving components that are projected to save $2 million during the next 20 years.
22 August 2017 15:50 -
Madison Realty Capital Sells Richmond Plaza
The 155,781-square-foot retail center in Richmond, Mich., sold to Statewide Richmond LLC in an off-market transaction. The property has nearly 39,000 square feet available for lease.
10 July 2017 16:27 -
Friedman Negotiates Michigan Retail Property Acquisition
Noble Applliance LLC bought the 10,992-square-foot asset from Kemerko Clawson LLC. Mike Koeningbauer, Friedman’s vice president, represented the buyer in the transaction.
04 July 2017 17:53 -
Detroit Northern Suburb Retail Asset Changes Hands
A California-based investor acquired the Southfield, Mich., property from SRC Holdings LLC. Steven Silverman of Friedman Integrated Real Estate Solutions brokered the sale on behalf of both the seller and the buyer.
31 May 2017 22:26 -
The 20-Minute Neighborhood Myth: Detroit & NYC Case Studies
J.P. Morgan Chase Institute researched the shopping habits of New Yorkers and Detroiters to find that most people preferred retailers outside of their 20-minute neighborhood.
20 April 2017 18:57 -
Brixmor Property Group Acquires Retail Center for $102M
The purchase makes Brixmor the largest institutional landlord in the Ann Arbor, Mich., market.
08 March 2017 14:48 -
Royal Oak Retail Project Gets the Green Light
Beaumont Health’s 183,000-square-foot retail project will break ground this summer.
02 March 2017 16:20 -
Phillips Edison Adds Second Shopping Center to Michigan Portfolio
Livonia Plaza is anchored by Kroger, Detroit area’s number one grocer by market share.
28 September 2016 07:18 -
Detroit Vegan Soul Food Opens Second Restaurant
The plant-based farm-to-table restaurant will open a second location in Motor City at the end of the year.
03 August 2016 11:50 -
Dan Gilbert’s Quicken Loans to Move Cleveland Base
The Detroit-based company will be relocating more than 400 employees to the historic Higbee Building.
06 June 2016 10:56 -
The Reinvention of the Nation’s First Modern Shopping Mall
The City of Southfield is undergoing probably one of the most interesting revival commercial property projects in the country.
03 May 2016 13:58 -
Are Metro Detroit’s Outdated Shopping Malls Going Extinct?
The life and death of shopping malls in the Detroit area. Can they be revived?
27 April 2016 16:09 -
Northville Park Place Adds to Its Mix of Dining, Retail and Medical Businesses
The Schostak Brothers & Company announced four new leases for its Seven Mile and Haggarty Road mixed-use development.
19 April 2016 15:00 -
Viking Partners Acquires Clawson Shopping Center in Suburban Detroit
The Cincinnati-based company acquired a grocery-anchored retail center in Clawson, Mich.
31 March 2016 18:19