Allen Park, Mich. — Mid-America Real Estate Corp. has arranged the sale of Fairlane Green, a 95,490-square-foot shopping center located in the Detroit suburb of Allen Park.
Sterling Heights, Mich. — Time Equities Inc. (TEI) has acquired Clinton Valley Shopping Center, a 205,435-square-foot retail center located in the Detroit suburb of Sterling Heights, for $23.5 million.
Gaines Township, Mich. — Mid-America Real Estate Corp. has arranged the sale of Gaines Marketplace, a 60,576-square-foot shopping center located in the Grand Rapids suburb of Gaines Township, Michigan.
Delta Township, Mich. — Mid-America Real Estate Corp. has arranged the sale of the Marketplace at Delta Township, a 174,353-square-foot shopping center located in the Lansing suburb of Delta Township, Michigan.
Monroe, Mich. — Mid-America Real Estate Corp. has arranged the sale of Telegraph Plaza, a 141,354-square-foot shopping center located in Monroe.
Dearborn, Mich. — Ford Motor Co. has begun its Dearborn campus transformation with the groundbreaking of Wagner Place, a development featuring office and retail space.
Utica, Mich. — Mid-America Real Estate Corp. has arranged the sale of Shelby Corners in Utica, a suburb of Detroit.
Detroit — Bernard Financial Group has arranged a $5.2 million loan for the construction of Baltimore Station in Detroit.
Ironwood, Mich. — Regency Properties has acquired Ironwood Commons, a 196,053-square-foot shopping center located in Ironwood.
Ann Arbor, Mich. — Brixmor Property Group (NYSE: BRX) has acquired Arborland Center, a 404,000-square-foot, grocery-anchored shopping center located in Ann Arbor, for $102 million.