Detroit
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.
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.
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.
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.
248-Unit Community Breaks Ground in Grand Rapids
Springs at Knapp’s Crossing is located along a retail corridor.
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.
Downtown Detroit’s First New Residential Project in 25 Years Opens
FOURMIDABLE has been named the property manager for the $24 million community.
Detroit High-End Mixed-Use Development Opens
Broder & Sachse Real Estate and Woodborn Partners are calling the property “something totally new” for the city.
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.
Hunt Mortgage Group Secures Refi for Michigan Community
The 30-year loan includes a five-year interest-only with a 30 year amortization period.