Multifamily news in Detroit
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Affordable Housing Portfolio Secures $142M in Financing
Harmony Housing tapped KeyBank Real Estate Capital to provide loans to six of its properties, located in Texas, Michigan, Wisconsin and Florida. Each property reserves half of the units for residents making 60 percent of the area median income.
18 July 2017 14:23 -
Greystone Provides $79M FHA Loan for Michigan Portfolio
The portfolio includes both market-rate and affordable housing communities that will be renovated using the funds. Most of the properties are owned by the Altman Cos.
05 July 2017 18:27 -
Detroit: Far From Singing the Blues
Despite numerous headwinds, the city is gamely bouncing back, thanks to concerted efforts by public and private sources to bring commerce and households back to the area.
29 June 2017 13:07 -
Midtown Detroit Gets New Mixed-Income Community
Nonprofits Develop Detroit and Preservation of Affordable Housing partnered for the $32 million development that will also include retail space. Project design will be led by Phil Freelon, design director at Perkins+Will.
26 June 2017 16:59 -
Friedman Sells 58-Unit Detroit Community
9501 Iris Manor LLC purchased Iris Manor from Thornton Enterprise LLC. The three-story property features one- and two-bedroom units and is close to Wayne State University and the University of Michigan-Dearborn.
07 April 2017 18:05 -
248-Unit Community Breaks Ground in Grand Rapids
Springs at Knapp’s Crossing is located along a retail corridor.
20 March 2017 18:16 -
Davenport University Investing $6M in New Dorm
The two new buildings at Panther Ridge will be completed by fall, bringing the university’s total residential capacity to 932 beds.
16 March 2017 17:08 -
Downtown Detroit’s First New Residential Project in 25 Years Opens
FOURMIDABLE has been named the property manager for the $24 million community.
21 February 2017 16:27 -
Yardi Matrix: Detroit, Approaching the Fast Lane?
Detroit is steadily overcoming its resonant collapse and continuing its recovery from the Great Recession.
13 February 2017 13:47 -
Detroit High-End Mixed-Use Development Opens
Broder & Sachse Real Estate and Woodborn Partners are calling the property "something totally new" for the city.
29 December 2016 14:58 -
City of Detroit Invests $1.6M in Revitalization of Four Neighborhoods
The planning and design contracts refer to housing, reimagining open land, leveraging economic development and more.
09 December 2016 14:46 -
Hunt Mortgage Group Secures Refi for Michigan Community
The 30-year loan includes a five-year interest-only with a 30 year amortization period.
23 November 2016 09:28 -
218 Micro-Lofts Coming to Downtown Detroit
The 28 Grand mixed-use development is scheduled for completion in the summer of 2017.
14 November 2016 12:21 -
Cushman & Wakefield Sells Michigan Senior Housings
The suburban portfolio comprises three properties totaling 371 units.
07 November 2016 16:46 -
Astral Weeks Buys Redevelopment Opportunity in Detroit
The New York-based company now owns a half acre site in the rapidly growing Brush Park neighborhood.
06 November 2016 23:43