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Momentum slowing in Detroit’s commercial real estate market? No evidence of that
Dennis Bernard, founder and president of Southfield, Michigan-based Bernard Financial Group, said that the Detroit commercial real estate market continues to gain momentum.
And the future looks bright, both in the heart of downtown Detroit and in the city’s outer neighborhoods and suburbs, he said.
Malls, Stores Expect More Traffic, Higher Spending on Thanksgiving Weekend
The lowest unemployment in decades, combined with the embrace of online commerce by shopping centers and their retailers, should drive visits to brick-and-mortar stores this Thanksgiving weekend to their highest level in years, according to brokers, analysts and shopping center operators.
Recent Transactions
El Tovar Apartments
City: Detroit
Date: December 2018
Buyer: Midwest Capital Group
Size: 72 Apartments- El Tovar
Friends of Foster Kids
City: Sterling Heights
Date: December 2018
Tenant: Friends of Foster Kids
Size: 12,250 Sq Ft
Southgate Shopping Center
City: Southgate
Date: November 2018
Buyer: Deal Point Merrill, LLC
Seller: Aurg Southgate
Size: 109,000 Sq Ft – Southgate Shopping Center
New Listings!
Jackson, MI: East Jackson Plaza –For Sale/Lease
Address: 3021-3039 East Michigan Avenue
Size: 57,000 Sq Ft
Romulus, MI: 15 Acres
Location: Eureka Road & I-275