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July 16, 2025
Industrial tenants are shedding space across much of Michigan’s Wayne County
The Detroit metropolitan area has seen annual industrial space demand reach negative 3.2 million square feet for three straight quarters, the weakest stretch since 2010. Widespread move-outs in Wayne County, home to nearly half of the region’s industrial inventory, are largely to blame.
July 10, 2025
Mortgage applications rise as rates ease; Ferrero plans to buy cereal maker WK Kellogg; Jobless claims decline
Mortgage applications rise as rates ease
July 10, 2025
Hotel sales volume increases in the Midwest, led by Chicago, Indianapolis and Columbus
Hotel sales in the five-largest hotel markets in the Midwest have increased, trading at a faster pace than in the previous year. Through the first five months of 2024, hotel sales amounted to $348.5 million; through the same period in 2025, that figure rose to $381.2 million, or an uptick of 9.4%.
June 30, 2025
WNBA to expand in three more cities; Restaurant performance improves; Project delays weigh on construction hiring
WNBA to expand in three more cities
June 18, 2025
Ascension to buy hundreds of outpatient surgery centers for nearly $4 billion
Catholic healthcare provider Ascension plans to quadruple its footprint for outpatient surgery centers as the organization looks to capitalize on the segment’s growth as more surgical procedures move out of hospital settings.
June 18, 2025
Investor buys four shopping centers north of Detroit
Four shopping centers in southeastern Michigan totaling more than 143,000 square feet have changed hands in a $7.3 million deal, with Laurencelle Properties expanding its portfolio.
June 16, 2025
Citizens State Bank acquires land in Royal Oak, Michigan, for headquarters
Citizens State Bank has acquired approximately three-quarters of an acre of land in the Detroit suburb of Royal Oak, Michigan, to establish its new corporate headquarters.
June 16, 2025
Trampoline park bounces its way into Detroit market
NRG Adventure Park has leased its first location in Michigan, taking over the 50,000-square-foot former Dick's Sporting Goods at 14 John R Road in Troy, opposite the Oakland Mall. NRG is a trampoline and entertainment retail concept whose website shows one location open and 14 more coming from Texas to New Jersey.
June 16, 2025
Comcast sells former divisional headquarters in Sterling Heights, Michigan
Comcast has sold the 93,205-square-foot flex property at 36250 Van Dyke Ave., Sterling Heights, Michigan, for $4.75 million, or $50 per square foot, to Associated Builders and Contractors. The property comprises two buildings, built in 1996, and will become southeast Michigan's largest construction trade school.
June 12, 2025
Grand Rapids apartment demand is the healthiest in three years
Approaching the halfway point of 2025, Grand Rapids’ multifamily owners are enjoying the widest gap between renter demand and new supply since early 2022.
June 12, 2025
Real estate advisory company adds managing partner in Detroit office
Mike Sabatini has joined Mohr Partners Inc. as a managing partner and Detroit market leader, after starting his career as a research analyst at Cushman & Wakefield's Detroit office and gaining hands-on experience with supporting tenant and landlord representation.
June 11, 2025
KKR-backed global auto supplier files for Chapter 11 bankruptcy
Japan-based Marelli Automotive Lighting has filed for Chapter 11 bankruptcy reorganization in the United States as the debt-laden firm said it's struggling in part due to tariffs.
June 5, 2025
Hooters shuts more US restaurants as it pivots to a franchise-only model
The parent of restaurant chain Hooters closed at least 30 of its corporate-owned restaurants spanning multiple states this week as it navigates bankruptcy proceedings and transitions to a franchise-only model.
June 5, 2025
Detroit-area office building hits full occupancy
A prominent office building in Royal Oak, Michigan, north of downtown Detroit, has topped off its tenant roster with a lease for 25,948 square feet, with occupancy set to begin Jan. 1 and run till 2037.
June 5, 2025
Money handling distributor relocates headquarters
BankSupplies Inc. has acquired a 105,418-square-foot Class A industrial building in Saline, Michigan, for $7.9 million, or $74.94 per square foot.
June 5, 2025
R&E Automated buys 92,000-square-foot industrial building in Utica, Michigan
R&E Automated has bought a 92,803-square-foot industrial building at 11650 Park Court in Utica, Michigan, for nearly $10.3 million, or $110 per square foot, with plans to replace leased locations.
May 28, 2025
Priority Waste purchases Class A office building
Priority Waste has bought a three-story, 48,320-square-foot Class A office building in Clinton Township, Michigan, for $10 million, or $206 per square foot, from Mid-America Real Estate-Michigan.
May 28, 2025
Borderline slump: Canadian travel dip unevenly hits hotel performance in US areas near Canadian border
According to Tourism Economics, recent data from Statistics Canada reveals an ongoing decline in Canadian travel to the U.S., with a 35.2% year-over-year drop in land crossings and a 19.9% decrease in air arrivals in April. This pullback continues to weigh on hotel performance, particularly in markets near the Canadian border. However, a closer analysis suggests that the severity of the impact may be overstated.
May 28, 2025
Investors buy Michigan outlet center for $17 million
A factory outlet center on the road between Detroit and Lansing, Michigan, has new owners and a new name after ringing up a $17 million sale.
May 28, 2025
Detroit’s office market continues to search for a demand catalyst
Detroit’s office market is experiencing a prolonged period of weak space demand. Net absorption, or the change in occupied space, has been negative for five straight years, and the latest projections see the trend continuing in 2025.

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