dominionra

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SOFT JOBS REPORT MATCHES NERVOUS VIBES - Unemployment ticks up as investor, consumer sentiment wanes

Posted by CoStar | By Christine Cooper and Chuck McShane | March 12, 2025

With the major stock market indices giving up most of their early-year gains, investor and consumer sentiment has taken a hit as of early March. And as the February releases continue to roll out, the data is beginning to match the deteriorating vibes.

A softer-than-expected jobs report pointed to a cooling employment situation, and private-sector surveys revealed rising prices for producers in both the manufacturing and services sectors. While both signals are trending in the wrong direction for the Federal Reserve’s dual mandate of maximal employment and stable prices, it is unlikely that either is yet sufficiently significant or sustained to alter the central bank’s “wait and see” approach to short-term interest rates.

The household survey was more concerning. It measures employment at the worker level to avoid the double-counting the dual-job holders inherent in the so-called establishment survey from which the headline number of jobs is derived. The household survey showed the number of employed persons fell by 588,000 during the month, with 546,000 leaving the labor force altogether. The vast majority of both numbers were men (86% and 89%, respectively), while the overall composition of the labor force has been mostly balanced.

The establishment survey also aligned with retail sales and consumer spending reports, which showed consumers pulling back on discretionary categories. The number of jobs in hotels and restaurants fell for the second month in a row, declining by 24,000, and retailers cut 6,000 workers from their payrolls, though that was partially due to a 10,000-worker grocery store strike in the Mountain West.

While the non-cyclical education and health sector dominated the positive side of the ledger, accounting for nearly half of the month’s job growth, some cyclical sectors were hiring. The financial activities sector added about 21,000 workers in February, with gains in investment banking, insurance and real estate subsectors offsetting losses in commercial banking. Administrative support services grew in tandem, while other office-using sectors, such as professional services, shed jobs.

The federal government shed 10,000 jobs, with about 35% of them being postal workers, which can vary from month to month. About 6,700 positions were trimmed elsewhere in the federal government. This will be closely watched as the new Department of Government Efficiency forces job cuts.

Among industrial-using sectors, construction hiring surprised to the upside, adding 19,000 jobs, the bulk of which came from specialty trade contractors such as plumbers and electricians as rebuilding from recent fires in California and last fall’s hurricane in the Southeast continued. While manufacturers added 10,000 jobs on net in February, January’s factory job gains were revised lower to a loss of 5,000 jobs. Stronger activity among motor vehicle and parts manufacturers accounted for 8,900, or 80% of the added jobs.

The monthly increase in manufacturing jobs was welcome news, but there were still around 88,000 fewer manufacturing workers on payrolls than a year ago. Forward-looking indicators from the Institute for Supply Management’s purchasing managers index indicated slowing demand and rising input costs spurred by uncertainty, which could affect future employment growth. February’s 50.3% overall reading was down about 60 basis points from January. Though still indicative of economic expansion, the new orders (48.6%) and employment (47.6%) subcomponents both fell into contractionary territory.

However, the component of the index with the most significant movement was the price index, which rose 7.5 percentage points to 62.4%, its highest level since June 2022. Rising input costs could take time to pass through to consumer prices, which continue to grow at a pace faster than the Federal Reserve’s target rate of 2% annually, though have begun to show signs of moderating. The February consumer price index showed overall price increases slowing to 2.8% annual growth while core inflation, which excludes more volatile food and energy prices, grew 3.1%.

What we’re watching …

The on-again, off-again tariffs on trading partners, putatively part of the president’s negotiation strategy, are weighing on consumer confidence but are also impacting business confidence. The latest reading of the National Federation of Independent Business' small business uncertainty index rose in February to its second-highest reading ever recorded, and seven of the 10 subcomponents of its optimism index fell in the month.

With the economy appearing to slow and businesses on edge, recession fears are rising. A pullback in some policy choices might stem such fears. Otherwise, the Fed may be called on to ease rates earlier than anticipated, even if it has not yet declared its fight against inflation won.

To read this original article, visit News | Soft jobs report matches nervous vibes

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DOMINION REPRESENTS THE SELLER IN A 15,000 SF MULTI-TENANT MEDICAL OFFICE BUILDING DEAL IN WARREN, MI

Bingham Farms, Michigan (February 2025)- Andrew Boncore, Sr. Vice President of Brokerage at Dominion Real Estate Advisors, LLC. represented the Seller, Summit Ryan Development, LLC, in the recent sale of a 15,000 SF multi-tenant medical office building at 29431 Ryan Road in Warren, MI. The Purchaser, Natcoc, LLC., an investment firm based out of California, purchased this property as an addition to their already existing portfolio. They were represented by Ayman Alamat of Community Choice Realty.

ABOUT DOMINION REAL ESTATE ADVISORS

Dominion Real Estate Advisors (DRA) is a full service commercial real estate firm recognized nationally as a leading provider of professional commercial real estate services. DRA brings decades of experience and expertise in commercial brokerage, property and asset management, real estate advisory, construction, design, and development services. DRA is committed to bringing its clients creative, cutting-edge solutions, providing the highest level of professional service and fostering long-lasting relationships based on loyalty, integrity, and trust.  DRA assists corporate clients, lenders, institutions, property owners, investors, and real estate developers in achieving their real estate objectives.  

For more information, please visit:

LinkedIn: https://www.linkedin.com/company/dominionra

Instagram: https://www.instagram.com/dominion_realestateadvisors

Facebook: https://www.facebook.com/dominionra

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CORPORATE TRANSPARENCY ACT ENFORCEMENT REINSTATED – WHAT COMMUNITY ASSOCIATIONS NEED TO KNOW

Posted on the Michigan Community Association Law Blog | By Jeremy Fernando | January 24, 2025

On December 3, 2024, a federal court in Texas issued a nationwide preliminary injunction in Texas Top Cop Shop, Inc v Garland, No. 4:24-CV-478, 2024 WL 4953814, at *37 (ED Tex, December 3, 2024), temporarily halting the enforcement of the Corporate Transparency Act. Unfortunately for community associations, the Fifth Circuit delivered a lump of coal just two days before the holiday. On December 23, 2024, the Fifth Circuit stayed the ruling of the district court’s injunction pending appeal. However, on December 27, 2024, the Fifth Circuit reinstated the injunction which halted enforcement once again. On December 31, 2024, the US Department of Justice asked the Supreme Court to review this matter.

On January 23, 2025, the Supreme Court stayed the injunction blocking the enforcement of the Corporate Transparency Act. In response to the Supreme Court’s decision, FinCEN’s website released the following Alert:

In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. However, reporting companies may continue to voluntarily submit beneficial ownership information reports.

****

On February 17, 2025, the United States District Court for the Eastern District of Texas granted the government’s motion for stay a nationwide injunction halting enforcement of the Corporate Transparency Act in Smith v. United States Department of Treasury. Due to this court order, reporting requirements under the Corporate Transparency Act are reinstated for community associations.

On February 19, 2025, FinCEN issued guidance that the Department of the Treasury recognizes that reporting companies may need additional time to comply with their BOI reporting obligations, and FinCEN is generally extending the deadline 30 calendar days from February 19, 2025, for most companies:

Beneficial ownership reporting requirements are back in effect, with a new deadline of March 21, 2025 for most companies. FinCEN will assess its options for further modifying deadlines. 

Accordingly, this means that community associations are once again obligated to file Beneficial Ownership Information (“BOI”) reports with FinCEN by March 21, 2025. Failure to do so could subject the association to potential penalties of $591/day up to $10,000.

Updated Filings

Community associations who have already completed an initial filing must submit an updated BOI filing with FinCEN if there have been changes to the association’s beneficial owners since the initial filing. A community association must prepare an updated filing if any of the following have occurred:

Any change to the information reported for the community association, such as a new business address.

A change in board members. If a community association has had an election since the initial filing and the association has added or removed certain board members, then the association must prepare an updated filing.

An owner purchases 25% or more of the units or lots. If a community association has an owner who purchased 25% or more of the units or lots since the initial filing, then the association must prepare an updated filing.

Any change to a board member’s name, address, or driver’s license. If a board member has obtained a new driver’s license or has changed addresses since the initial filing, then the association must prepare an updated filing.

To read this original post visit Federal Court Reinstates Corporate Transparency Act Beneficial Ownership Reporting Requirements and Deadline Extended by FinCEN - The Michigan Community Association Law Blog

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DOMINION COMPLETES THE SALE OF A MEDICAL OFFICE BUILDING ALONG FLINT'S MEDICAL MILE

Bingham Farms, MI (January 2025) - James K. Mitchell, Vice President of Brokerage at Dominion Real Estate Advisors (DRA) worked on behalf of the Seller, Imperial Holdings LLC aka Imperial Wellness Center LLC to complete the sale of a medical condominium located at 1128 S. Linden in Flint Twp., MI. This property is located near Flint's "Medical Mile", which is home to major hospitals such as Hurley Medical Center (Hospital) and McLaren Hospital. The buyer, Peace of Mind Counseling, LLC, was represented by Piper Realty Company and Jack Fox, agent. The buyer will use the premises for counseling services.

ABOUT DOMINION REAL ESTATE ADVISORS

Dominion Real Estate Advisors (DRA) is a full service commercial real estate firm recognized nationally as a leading provider of professional commercial real estate services. DRA brings decades of experience and expertise in commercial brokerage, property and asset management, real estate advisory, construction, design, and development services.

DRA is committed to bringing its clients creative, cutting-edge solutions, and providing the highest level of professional service, fostering long-lasting relationships based on loyalty, integrity, and trust. DRA assists corporate clients, lenders, institutions, property owners, investors, and real estate developers in achieving their real estate objectives.

For more information, please visit:

LinkedIn: https://www.linkedin.com/company/dominionra

Instagram: https://www.instagram.com/dominion_realestateadvisors

Facebook: https://www.facebook.com/dominionra

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DOMINION LEASES 6,600 SF INDUSTRIAL BUILDING IN FARMINGTON HILLS

Bingham Farms, MI (January 2025) - David Giltner, SIOR, Sr. Vice President of Brokerage and Alex Tokarz, Assistant Vice President of Brokerage at Dominion Real Estate Advisors, LLC. (DRA) worked together to complete a 5-year 6,600 SF industrial lease at 37695 Interchange Drive in Farmington Hills, MI. The Tenant, Automated Precision (API), a manufacturing company that produces metrology equipment, will be relocating from their current Plymouth location to this Farmington Hills location. Giltner and Tokarz represented the Landlord, ME3L Property Holdings LLC and the Tenant in this transaction.

ABOUT DOMINION REAL ESTATE ADVISORS

Dominion Real Estate Advisors (DRA) is a full service commercial real estate firm recognized nationally as a leading provider of professional commercial real estate services. DRA brings decades of experience and expertise in commercial brokerage, property and asset management, real estate advisory, construction, design, and development services.

DRA is committed to bringing its clients creative, cutting-edge solutions, and providing the highest level of professional service, fostering long-lasting relationships based on loyalty, integrity, and trust. DRA assists corporate clients, lenders, institutions, property owners, investors, and real estate developers in achieving their real estate objectives.

For more information, please visit:

LinkedIn: https://www.linkedin.com/company/dominionra

Instagram: https://www.instagram.com/dominion_realestateadvisors

Facebook: https://www.facebook.com/dominionra

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DOMINION REAL ESTATE ADVISORS FACILITATES SALE OF A 11,010 SF INDUSTRIAL BUILDING, FORMERLY OWNED BY THE MOTOWN MUSEUM

Bingham Farms, MI (December 2024) - We are pleased to announce the successful sale of 21223 Hilltop Street in Southfield, Michigan. The property is an 11,010 SF warehouse building that was previously owned by the Motown Museum, and was sold as part of the museum’s strategic growth plan to support its ongoing expansion efforts in Detroit. Hitsville USA recently completed its $75M museum expansion in Midtown Detroit. Eric Banks and Alex Tokarz, both of DRA, represented the Motown Museum in the transaction and the buyer, Lucent Surgical, was represented by Chris Secontine of Signature Associates. The acquisition marks an exciting development for Lucent Surgical as they continue to grow their presence in the market. The Motown Museum is deeply committed to its expansion in Detroit, and preserving the history of Motown. Learn more about the Motown Museum’s expansion plans at https://lnkd.in/eBPYDqid

ABOUT DOMINION REAL ESTATE ADVISORS

Dominion Real Estate Advisors (DRA) is a full service commercial real estate firm recognized nationally as a leading provider of professional commercial real estate services. DRA brings decades of experience and expertise in commercial brokerage, property and asset management, real estate advisory, construction, design, and development services.

DRA is committed to bringing its clients creative, cutting-edge solutions, and providing the highest level of professional service, fostering long-lasting relationships based on loyalty, integrity, and trust. DRA assists corporate clients, lenders, institutions, property owners, investors, and real estate developers in achieving their real estate objectives.

For more information, please visit:

LinkedIn: https://www.linkedin.com/company/dominionra

Instagram: https://www.instagram.com/dominion_realestateadvisors

Facebook: https://www.facebook.com/dominionra

[dominionra]

DOMINION REAL ESTATE ADVISORS REPRESENTS TENANT IN A 5-YEAR RETAIL LEASE IN ROCHESTER HILLS

Bingham Farms, MI (December 2024) - Eric Banks, Group President and Alex Tokarz, Assistant Vice President of Brokerage at Dominion Real Estate Advisors, LLC (DRA) successfully represented Deborah's Stage Door (DSD) (“Tenant”) in a 5-year, 8,310 SF retail lease at 145 S. Livernois in Rochester Hills. DSD is a 40-year old business that was chosen as the top dance studio by the readers of Metro Parent Magazine but aside from dance, they also focus on training their students in areas such as piano, acting, cheerleading and voice.

ABOUT DOMINION REAL ESTATE ADVISORS

Dominion Real Estate Advisors (DRA) is a full service commercial real estate firm recognized nationally as a leading provider of professional commercial real estate services. DRA brings decades of experience and expertise in commercial brokerage, property and asset management, real estate advisory, construction, design, and development services. 

DRA is committed to bringing its clients creative, cutting-edge solutions, and providing the highest level of professional service fostering long lasting relationships based on loyalty, integrity, and trust. DRA assists corporate clients, lenders, institutions, property owners, investors, and real estate developers in achieving their real estate objectives. 

For more information, please visit:

LinkedIn: https://www.linkedin.com/company/dominionra

Instagram: https://www.instagram.com/dominion_realestateadvisors

Facebook: https://www.facebook.com/dominionra

[dominionra]

DRA COMPLETES 5-YEAR OFFICE LEASE WITH NON-PROFIT AGENCY, MICHIGAN COMMUNITY SERVICES, LLC. IN FLINT, MI

Bingham Farms, MI (December 2024) - James Mitchell, Vice President of Brokerage at Dominion Real Estate Advisors, LLC (DRA) and Michele Rosenblum, Vice President of Brokerage at Lee & Associates worked together to complete a 5-year, 3,966 SF office lease at 1295 S. Linden Road, which is located along the "Medical Mile" in Flint, MI. The Tenant, Michigan Community Services, Inc. will be relocating from their HQ, currently located in Swartz Creek and will operate their non-profit agency in Flint. Mitchell and Rosenblum represented both the Landlord and the Tenant in this lease transaction.

ABOUT DOMINION REAL ESTATE ADVISORS

Dominion Real Estate Advisors (DRA) is a full service commercial real estate firm recognized nationally as a leading provider of professional commercial real estate services. DRA brings decades of experience and expertise in commercial brokerage, property and asset management, real estate advisory, construction, design, and development services.

DRA is committed to bringing its clients creative, cutting-edge solutions, and providing the highest level of professional service and fostering long lasting relationships based on loyalty, integrity, and trust. DRA assists corporate clients, lenders, institutions, property owners, investors, and real estate developers in achieving their real estate objectives.

For more information, please visit:

LinkedIn: https://www.linkedin.com/company/dominionra

Instagram: https://www.instagram.com/dominion_realestateadvisors

Facebook: https://www.facebook.com/dominionra

[dominionra]

DOMINION COMPLETES 5-YEAR OFFICE LEASE WITH NON-PROFIT AGENCY, MICHIGAN COMMUNITY SERVICES, LLC. IN FLINT, MI

Bingham Farms, MI (December 2024) - James Mitchell, Vice President of Brokerage at Dominion Real Estate Advisors, LLC (DRA) and Michele Rosenblum, Vice President of Brokerage at Lee & Associates worked together to complete a 5-year, 3,966 SF office lease at 1295 S. Linden Road, which is located along the "Medical Mile" in Flint, MI. The Tenant, Michigan Community Services, Inc. will be relocating from their HQ, currently located in Swartz Creek and will operate their non-profit agency in Flint. Mitchell and Rosenblum represented both the Landlord and the Tenant in this lease transaction.

ABOUT DOMINION REAL ESTATE ADVISORS Dominion Real Estate Advisors (DRA) is a full service commercial real estate firm recognized nationally as a leading provider of professional commercial real estate services. DRA brings decades of experience and expertise in commercial brokerage, property and asset management, real estate advisory, construction, design, and development services. DRA is committed to bringing its clients creative, cutting-edge solutions, and providing the highest level of professional service fostering long lasting relationships based on loyalty, integrity, and trust. DRA assists corporate clients, lenders, institutions, property owners, investors, and real estate developers in achieving their real estate objectives.

For more information, please visit: LinkedIn: https://www.linkedin.com/company/dominionra Instagram: https://www.instagram.com/dominion_realestateadvisors Facebook: https://www.facebook.com/dominionra

[dominionra]

DOMINION CLOSES TWO 10 YEAR OFFICE LEASE TRANSACTIONS TOTALING 14,178 SQ. FT.

DOMINION REPRESENTS GIRIOUX PAPPAS TRAIL ATTORNEYS IN RELOCATION TO NEW CORPORATE OFFICES IN FARMINGTON HILLS - Bingham Farms, MI (October 2024) - Eric Banks, Group President of Brokerage Services at Dominion Real Estate Advisors, LLC. (DRA) represented Giroux Pappas Trial Attorneys PLLC in a recent 10-year, 7,638 SF office lease and relocation to 31700 Middlebelt Road in Farmington Hills, MI, (“Brookfield II”). Giroux Pappas will join the Farbman Group and its affiliated companies at the property, which become their new corporate office. Giroux Pappas is a litigation firm with extensive trial experience, handling injury cases involving civil rights, medical malpractice, negligence as well as non-injury cases involving commercial disputes. The Landlord, HRFG Acquisition LLC  was represented by Lesley Gutman and Shelia Fogarty of NAI Farbman Group.

DOMINION COORDINATES A 10-YEAR LEASE IN DOWNTOWN PLYMOUTH ON BEHALF OF IRON HORSE CROSSING LLC AND SIMPLY MINDFUL COUNSELING - Bingham Farms, MI (November 2024) - Eric Banks, Group President of Brokerage Services coordinated the expansion and extension of Simply Mindful Counseling (SMC) at 340 N. Main Street, Plymouth MI (“Markham Crossings”). SMC signed a new 10-year lease and doubled its current footprint at the building to 6,540 SF. SMC is a mental health practice providing integrative and holistic psychotherapy for its patients. The tenant will join Howard Hanna Residential Realtors, Birmingham Cosmetic Surgery and Sidecar Slider Bar as key building tenants for the landlord, Iron Horse Crossing, LLC. This unique building was formerly the manufacturing home of the famous Daisy BB gun but now provides creative loft style office and hospitality space in a mixed-use downtown setting.

ABOUT DOMINION REAL ESTATE ADVISORS Dominion Real Estate Advisors (DRA) is a full service commercial real estate firm recognized nationally as a leading provider of professional commercial real estate services. DRA brings decades of experience and expertise in commercial brokerage, property and asset management, real estate advisory, construction, design, and development services. DRA is committed to bringing its clients creative, cutting-edge solutions, and providing the highest level of professional service fostering long lasting relationships based on loyalty, integrity, and trust. DRA assists corporate clients, lenders, institutions, property owners, investors, and real estate developers in achieving their real estate objectives.

For more information, please visit: LinkedIn: https://www.linkedin.com/company/dominionra Instagram: https://www.instagram.com/dominion_realestateadvisors Facebook: https://www.facebook.com/dominionra

[dominionra]

DOMINION REPRESENTS SELLER IN 10,400 SF INDUSTRIAL SALE IN COMMERCE TWP

Bingham Farms, MI (September 2024) - David Giltner Senior Vice President of Brokerage at Dominion Real Estate Advisors, LLC (DRA) successfully represented the Seller in a 10,400 SF Industrial building located at 3170 Walnut Lake Ct in Commerce, Michigan. The Buyer, Valleyoak One, LLC, will operate a software company that will do business as Brilliant Systems at this new location. David Wax of Burger & Company represented the purchaser.

ABOUT DOMINION REAL ESTATE ADVISORS Dominion Real Estate Advisors (DRA) is a full service commercial real estate firm recognized nationally as a leading provider of professional commercial real estate services. DRA brings decades of experience and expertise in commercial brokerage, property and asset management, real estate advisory, construction, design, and development services. DRA is committed to bringing its clients creative, cutting-edge solutions, and providing the highest level of professional service fostering long lasting relationships based on loyalty, integrity, and trust. DRA assists corporate clients, lenders, institutions, property owners, investors, and real estate developers in achieving their real estate objectives.

For more information, please visit: LinkedIn: https://www.linkedin.com/company/dominionra Instagram: https://www.instagram.com/dominion_realestateadvisors Facebook: https://www.facebook.com/dominionra

[dominionra]

OVERVIEW OF SELECT INDUSTRIAL REAL ESTATE MARKETS: Q2 2024

Dominion Real Estate Advisors has collaborated with the Michigan Manufacturers Association to provide its membership with ongoing updates and an overview of several major industrial real estate markets within the state of Michigan that impact members.

Please visit for full article: https://bit.ly/3Nac3Jg

[dominionra]

MOTOWN MUSEUM RAISES $70M, LAUNCHES CONSTRUCTION OF NEW THEATER AND EXHIBITS BUILDING

Posted by Crain’s Detroit Business | Sherri Welch | September 16, 2024

The Motown Museum on Monday said it is beginning construction of a planned new theater and exhibits building some two years after its last phase wrapped up, after raising $70 million for the expansion plan. 

The new two-story building will house the Ford Motor Company Theater, retail and immersive exhibits and Miss Lillie’s Motown Café, named after the Berry Gordy family’s in-house cook. Its lobby will be accessible from entrances on West Grand Boulevard and Ferry Street. It’s slated to open in summer 2026, the museum said. 

“This is an incredibly exciting time for this project, with the past few months being full of important design details being finalized, leading us to this special moment allowing us to now share with our Detroit community and fans and visitors from around the world when they can step inside this one-of-a-kind experiential space,” Motown Museum Chairwoman and CEO Robin Terry said in a news release.

“With our final campaign milestone within reach, our talented team of architects and construction planners are now fully executing and bringing our bold vision to life.”

C-based Perkins & Will is the museum’s architecture firm of record and Detroit-based L.S. Brinker is overseeing construction of the new building.

Construction of the two-story building behind Hitsville U.S.A., the original home of Motown Records, was delayed last year as it sought environmental approvals required after receiving a $10 million federal earmark. Earlier delays were tied to the COVID-19 pandemic and rising costs of construction, the museum said.

Costs rose an additional $10 million since January 2023 bringing the fundraising target for Motown’s three-phase expansion to its current $75 million — up from $50 million when the project was announced in 2016.

Work on the larger project began in 2019. The museum celebrated the completion of the first two phases of the project— a new educational programming and creative hub for entrepreneurship, Hitsville Next, in three nearby renovated buildings, and Rocket Plaza —in August 2022.

The main museum where the Motown greats made history continues to be housed in the Hitsville building at 2648 W. Grand Blvd.

The larger project has attracted funding from contributors including Ford Motor Co., Ballmer Group, the Vera and Joseph Dresner Foundation, Rocket Companies Inc., the Gilbert Family Foundation, W.K. Kellogg Foundation, Hudson-Webber Foundation, Kresge Foundation and Bank of America, among others.

While construction on the final phase of the initial plan is underway, Motown Museum is also developing plans for a nearby property it acquired in 2022 with part of a $5 million gift from philanthropist MacKenzie Scott.

The property at 2550 W. Grand Blvd., west of Rosa Parks Boulevard, includes a 36,000-square-foot building and a gated surface parking lot with 195 spaces that will give the museum almost all of the parking needed and possibly incorporate shuttled service to the museum, Terry told Crain’s last year.

Motown Museum is evaluating how it might best use the large building, which effectively doubles its footprint, to support what it's doing on the main campus, she said.

A spokeswoman for the museum on Monday said there is no update yet on the plans for the new building.

To read this article on Crain’s Detroit Business, visit Motown Museum starts building new theater, exhibits building | Crain's Detroit Business (crainsdetroit.com)

[dominionra]

DOMINION BROKERAGE TEAM RECEIVES COSTAR Q2 2024 POWER BROKER - TOP SALE AWARD

Bingham Farms, MI (September 2024) - Congratulations to the Brokerage Team at Dominion for being recognized again by CoStar Group - Power Broker Quarterly Deal Awards as recipients of another Top Sale Award (Q2 2024) for the investment sale of 1700 Atlantic Boulevard located in Auburn Hills Michigan. The property is a 121,263 SF industrial | hi-tech building located just off of I-75. At the time of sale, the building was occupied by Grupo Antolin North America who will remain in the facility for the remainder of their lease at which time the buyer, Superior Electric Great Lakes Company, plans to locate regional operations to the property. The transaction closed in April 2024. "There was robust interest in the property indicative of the ongoing demand and competitive industrial real estate market which continues to characterize Auburn Hills MI and the surrounding areas often collectively referred to as Automation Alley". Eric Banks - Group President, Andrew Boncore- SVP, and Alex Tokarz - AVP, all of Dominion represented the seller CORE BKG 1700 Atlantic LLC in the marketing and sale of the property while the buying entity and Superior Electric Great Lakes Co. (SEGLC) were represented by Chris Dowell of Newmark.

[dominionra]

DRA COORDINATES 67-MONTH LEASE WITH AVALON CONSULTANTS PLLC.  AT MEADOWBROOK MEDICAL CENTER IN NOVI

Bingham Farms, Michigan (August 2024) - Eric Banks, Group President and James Mitchell Vice President of Brokerage at Dominion Real Estate Advisors, LLC (DRA) represented the Landlord in a 67-month, 5,648 SF medical office lease at 25500 Meadowbrook, Novi, MI, commonly known as Meadowbrook Medical Center. The Tenant, Dr. Sarafa MD, who is the founder and chief officer of Avalon Consultants PLLC, is a family medicine physician who focuses on his commitment to excellence and patient care. Named the “2023 Health Care Hero” by Crain’s Detroit, his team will deliver high quality clinical care, aiming to treat and diagnose patients in the comfort of their homes.

ABOUT ABOUT DOMINION REAL ESTATE ADVISORS

Dominion Real Estate Advisors (DRA) is a full service commercial real estate firm recognized nationally as a leading provider of professional commercial real estate services. DRA brings decades of experience and expertise in commercial brokerage, property and asset management, real estate advisory, construction, design, and development services.

DRA is committed to bringing its clients creative, cutting-edge solutions, and providing the highest level of professional service fostering long lasting relationships based on loyalty, integrity, and trust. DRA assists corporate clients, lenders, institutions, property owners, investors, and real estate developers in achieving their real estate objectives.

For more information, please visit:

LinkedIn: https://www.linkedin.com/company/dominionra

Instagram: https://www.instagram.com/dominion_realestateadvisors

Facebook: https://www.facebook.com/dominionra

[dominionra]

FORMER FARMINGTON SCHOOL TO BECOME SITE FOR 53 TOWNHOMES

Posted by Crain’s Detroit Business | Nick Manesl | August 19, 2024

A long-vacant school building in downtown Farmington will be demolished and replaced by needed "missing-middle" housing. 

Demolition of the Maxfield Training Center, just north of Grand River Avenue and east of Farmington Road, began Monday. The redevelopment of the roughly 3-acre site into the $16 million Hillside Townes housing project is being led by Bloomfield Hills-based Robertson Brothers Homes.

Construction is expected to begin later this year and first units are expected to be complete by sometime next year and homes are expected to list in the mid-$300,000 range, according to a news release. 

“This empty vacant structure will be replaced with new, vibrant housing that will benefit Farmington residents for generations to come and allow more people to enjoy our energetic and engaging downtown,” Farmington Mayor Joe LaRussa said in the release.

Such infill projects, the redevelopment of dated structures in denser areas, are becoming increasingly common for builders such as Robertson Homes, particularly as large chunks of land have become harder to come by. 

“Our Robertson Brothers team is going to make Hillside Townes one of the best places to call home in Metro Detroit,” Robertson President Darian Neubecker said in the release. 

The site of the future housing development will be connected to Farmington's central business district via a pedestrian promenade, a project being led by the city. The project received a $1 million brownfield redevelopment grant from the state to help fund site assessments, transportation and disposal of contaminated soil, and demolition work, according to the release. 

The project will also result in the reconstruction of Thomas Street, where the existing school building is located, with improved water and utility infrastructure upgrades, as well as walkability and Americans With Disabilities Act improvements

State officials tout the need for missing middle housing — defined in the release as "housing types that fall between single-family homes and mid-rise apartment buildings" — are greatly needed as they can often be more affordable than single-family homes and create more density in neighborhoods. 

“Our public engagement work from last year identified housing as the most important issue facing Michigan communities,” Hilary Doe, the state's chief growth officer, said in the release. “People want great places to live and that means being able to offer affordable housing across all income levels if we want to grow our population."

To read about this deal for which Dominion Real Estate Advisors, LLC (DRA) represented the buyer, visit dominionra.com/news.php/752639946046767104

To read this article on Crain's Detroit Business, visit Maxfield Training Center site to become 'middle-market' townhomes | Crain's Detroit Business (crainsdetroit.com)

[dominionra]

DOMINION REPRESENTS LANDLORD IN 89-MONTH MEDICAL OFFICE LEASE AT ASCENSION PROVIDENCE MEDICAL BUILDING

Bingham Farms, MI (August 2024) -David McNabnay, SIOR and James Mitchell, both of Dominion Real Estate Advisors, LLC. (DRA) represented the Landlord, Five Points Professional Office Building, LLC, in an 89-month lease at 2251 N. Squirrel Road in Auburn Hills, MI. The Tenant, Behavioral Health Practice Services, LLC d/b/a LifeStance Health will occupy suite 320, which is a 4,810 square foot medical office space. Brandon Carnegie and Jamee Jester of CBRE represented the Tenant.  

ABOUT DOMINION REAL ESTATE ADVISORS Dominion Real Estate Advisors (DRA) is a full service commercial real estate firm recognized nationally as a leading provider of professional commercial real estate services.  DRA brings decades of experience and expertise in commercial brokerage, property and asset management, real estate advisory, construction, design, and development services.  DRA is committed to bringing its clients creative, cutting-edge solutions, and providing the highest level of professional service fostering long lasting relationships based on loyalty, integrity, and trust.  DRA assists corporate clients, lenders, institutions, property owners, investors, and real estate developers in achieving their real estate objectives.   

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