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Preview: Detroit Commercial Real Estate News From CoStar Group

Detroit/Grand Rapids Commercial Real Estate News From CoStar Group

CoStar Group, Inc. is the leading provider of information services to commercial real estate property investors and sales professionals in the United States and United Kingdom. CoStar's suite of services offers access to the most comprehensive database of


Detroit Billionaire Unveils $2.1B Plan for 'Transformational' Motor City Downtown Developments

Thu, 21 Sep 2017 03:58:36 GMT

Quicken Loans founder, Cleveland Cavaliers owner and real estate investor Dan Gilbert this week announced details of his plans for a quartet of projects in downtown Detroit aimed at rebuilding the CBD of the Midwest's second-largest city after Chicago. Bedrock, one of the ventures under Gilbert's Rock Ventures LLC holding company, unveiled the $2.1 billion in projects that include redevelopment of the former J.L. Hudson's department store site...

Mor-Tech Design Preleases Proposed 43,000-SF Industrial Bldg. in Sterling Heights

Mon, 18 Sep 2017 09:11:42 GMT

Mor-Tech Design Inc. signed a lease to fully occupy a 43,000-square-foot industrial building slated to break ground next quarter at 37641 Mound Rd. in Sterling Heights, MI. The single-tenant building will be constructed on a 2.28-acre site just north of the 16 Mile Rd. thoroughfare in suburban Detroit's West of Van Dyke/Macomb Industrial submarket. Jack Coury and Chris Dowell of Newmark Knight Frank served as dual agents in the transaction.

Aerotech Park in Grand Rapids Gets Special Delivery with 135,000-SF Lease

Mon, 18 Sep 2017 04:01:31 GMT

Holland Special Delivery, a transportation solutions company, has signed a lease agreement to occupy 135,000 square feet of industrial space at 4480 44th St SE in Grand Rapids, MI. Located in the Aerotech Industrial Park, this 195,000-square-foot industrial building is located in the SE Grand Rapids/Cascade submarket and sits on 9.72 acres. The property boasts 21' ceilings, 24 loading docks and 112 parking spaces. Chris Prins of NAI Wisinski...

Encore Real Estate Names Przybyla to President and COO

Fri, 15 Sep 2017 08:24:10 GMT

John Przybyla has been named president and COO of Encore Real Estate Investment Services (Encore REIS), an investment real estate brokerage firm headquartered in Farmington Hills, MI. Przybyla will oversee Encore REIS' day-to-day operations which will include introducing initiatives to help grow the company's business as well as oversee recruiting, training and mentoring agents. Przybyla brings more than 20 years of experience specializing in...

CoStar's People of Note (Sept. 15) - CBRE Exec Jumps to NKF, Savills Studley Promotes Three...

Fri, 15 Sep 2017 08:00:00 GMT

It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Silicon Valley, Houston, Richmond / Hampton Roads, Los Angeles, New York City, San Diego, Atlanta, Dallas / Ft. Worth, Boston, Northern New Jersey, Philadelphia, Chicago, Cincinnati, South Carolina and East Bay. SILICON VALLEY Kelly Joins NKF as Executive Managing...