LIVONIA, MI-Initially growing its Detroit presence in 2004 with the acquisition of Southfield-based Sterling Bank & Trust FSB, KeyBank is now further digging its heels into its target region. With the signing of a small but significant lease at the Powerscourt building, Key's new space will accommodate the expansion of the company's commercial real estate capital and private banking teams.
DETROIT-Midtown Development and DeMattia Investments II are transforming the old Willys Overland building into a 75-unit condominium complex. Anchored by Wayne State University and the Detroit Medical Center, the project qualifies for a $3-million mezzanine loan under a plan intended to retain young professionals and workers.
DETROIT-Midtown Development and DeMattia Investments II are transforming the old Willys Overland building into a 75-unit condominium complex. Anchored by Wayne State University and the Detroit Medical Center, the project qualifies for a $3-million mezzanine loan under a plan intended to retain young professionals and workers.
CHICAGO-First Industrial Realty Trust Inc. and UBS Wealth Management-North American Property Fund have formed a net-lease co-investment program. During the next seven to 10 years, the partnership will target long-term, single-tenant net-lease industrial properties throughout the US.
CHICAGO-First Industrial Realty Trust Inc. and UBS Wealth Management-North American Property Fund have formed a net-lease co-investment program. During the next seven to 10 years, the partnership will target long-term, single-tenant net-lease industrial properties throughout the US.
CHICAGO-Counting on a turnaround in O'Hare's sluggish office market, the John Buck Co. acquires the two-building Triangle Plaza at 8750 and 8770 W. Bryn Mawr Ave. Connecticut-based Starwood Capital Group, which is selling the 80%-leased property, is getting out just as a "substantial" amount of leases are to expire.