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Office landlords squeezed by falling occupancy rates, refinancing difficulties. Here’s why

Posted By: The Detroit News on May 25, 2023.  For more information, please click here to read the source article. The failure of several large lenders earlier this year and the banking turmoil that followed have fueled worries for owners of office space such as Boston Properties and Vornado Realty Trust. The sharp runup in interest rates by the Federal […]


Despite Panicked Headlines, Banks Continue to Finance Commercial Real Estate Transactions

Posted By: on April 25, 2023.  For more information, please click here to read the source article. Lending terms might have tightened, and deals are being scrutinized more closely, but the capital is there. In the wake of failures of Silicon Valley and Signature banks this March, media outlets have been awash with speculation that the regional bank […]


Huntington Bank opens 21-story building in downtown Detroit

Posted By: The Detroit News on September 21, 2022.  For more information, please click here to read the source article.   About 100 political leaders and community members gathered Wednesday to celebrate the opening of a new office building downtown that will house Huntington Bancshares’s commercial banking headquarters. The 21-story Huntington Tower held hundreds of bank employees and […]


Lake Trust Credit Union, other financial institutions wade into Michigan cannabis banking market

As the cannabis industry continues to expand in Michigan, there are a limited number of options for the businesses to put their money while their business is still illegal at the federal level. But that is changing. Nearly $125 million worth of recreational cannabis was sold statewide in September, up from $60 million the same […]


Fifth Third Bank lists historic downtown Holland branch building for $4.5M

Fifth Third Bank is looking to sell its historic branch building in downtown Holland. The iconic three-story, 25,000-square foot building at 36 E. 8th St. was constructed in 1928 and has a sale price of more than $4.5 million, according to the listing by NorthStar Commercial LLC. The listing includes two additional parcels behind the historic structure […]


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