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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


The Sterling Group Sells Mini Storage Depot in Grand Rapids for $5M

Mon, 22 Jan 2018 04:10:18 GMT

Orlando, FL-based Simply Self Storage, a privately owned self-storage management company with over 15 million square feet of storage space within the United States and Puerto Rico., acquired the facility in Grand Rapids, MI from The Sterling Group, Inc. for $5 million, or approximately $79 per square foot. Mini Storage Depot was constructed in 1998 on nearly five acres at 4975 Clyde Park Ave. SW. The 63,150-square-foot single-story self-storage...

Friedman Promotes Shefman to Executive Managing Director

Fri, 19 Jan 2018 09:47:35 GMT

Friedman Integrated Real Estate Solutions has promoted Scott Shefman as executive managing director to lead ongoing strategy and oversight of the Brokerage and New Business Development, Commercial Property Management, Facilities Management, Leasing, and Construction and Design divisions. Based in the Farmington Hills branch since 1999, Shefman will be responsible for ongoing strategy and oversight for the growth and expansion for the firm. Shefman...

Former Masco HQ Changes Hands

Thu, 18 Jan 2018 01:08:33 GMT

Masco Corporation (NYSE: MAS), one of the world's largest manufacturers of brand-name products for the home improvement and new home construction markets, sold their former headquarters in Taylor, MI to Burton-Katzman Development and CORE Partners for an undisclosed price. The portfolio included 21001 Van Born Rd., a 415,606-square-foot office building that delivered in 1966, and the 141,000-square-foot Class B industrial building that delivered...

Magoo’s Pet Outlet Takes 10,500 SF in Saginaw

Tue, 16 Jan 2018 10:18:55 GMT

Magoo's Pet Outlet, a family-owned and operated pet supply store, signed a 10,549-square-foot lease at 2268-2580 Tittabawassee Rd. in Saginaw, MI. The single-story 194,129-square-foot retail building delivered in 1989. Situated across from the Fashion Square Mall, the Bay Valley Shopping Center totals more than 332,000 square feet and was developed on nearly 47 acres. The center is anchored by Hobby Lobby, Big Lots and Office Max, according to...

Eisenshtadt Becomes CCIM Michigan Chapter President

Tue, 16 Jan 2018 03:23:53 GMT

Eisenshtadt has been the CCIM Board of Director since 2005. Previously he was promoted at Friedman from vice president to senior VP in 2014 after being with the company for over ten years. His other achievements include being a four-time CoStar Power Broker recipient, receiving the Society of Industrial and Office Realtors’ designation, and passing the Michigan’s Bar Examination and obtained a Juris of Doctorate. The 2018 executive leadership team...