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.
Flint, Mich. — Mid-America Real Estate Corp. has arranged the $14.2 million sale of Oak Brook Square, a 152,073-square-foot shopping center located in Flint.
Detroit — The Scott at Brush Park, a $65 million mixed-use development offering 199 luxury residential units and 15,000 square feet of retail space, has opened in Detroit.
Benton Harbor, Mich. — Mid-America Real Estate Corp. has arranged the sale of Fairplain Plaza, a 273,254-square-foot shopping center located 50 miles west of Kalamazoo in Benton Harbor.
Brighton, Mich. — Marcus & Millichap has arranged the sale of The Shoppes at Green Oak, a regional power center located at 6650 Whitmore Lake Road in Brighton.
Dearborn, Mich. — Mid-America Real Estate Corp. has arranged the sale of Fairlane Meadows, a retail center located at the corner of Ford Road and Mercury Drive in Dearborn.
Livonia, Mich. — Mid-America Real Estate Corp. has arranged the $19.8 million sale of Livonia Plaza, a 137,391-square-foot shopping center located in Livonia, roughly 20 miles outside Detroit.
Saginaw and Muskegon, Mich. — CBL & Associates Properties Inc. has sold two regional malls located in Michigan to an undisclosed private buyer for $66.5 million.