Review Mortgage Lenders

Amera Mortgage

Amera Mortgage Corporation - Milford, MI

Amera Mortgage Corporation 517-768-1500

Cole Taylor Mortgage is hiring, expanding at Ann Arbor headquarters

It’s been eight months since Cole Taylor Bank moved its mortgage banking division’s headquarters to Ann Arbor, and the company — fueled by increased mortgage market share and improved margins — is significantly growing.

More than 250 employees now staff the office in the Northeast Corporate Center on Green Road, up from 115 employees when the division moved from Hamburg Township last year.

“We grew very significantly between 2011 and early 2012,” said Cole Taylor Mortgage President Willie Newman . “In November, sections of our space had no (cubicles), now you go in there and you can barely walk around.”

Newman spearheaded the launch of the mortgage unit for the Chicago-based bank in December 2009, right in the midst of the U.S. housing market meltdown.

His strategy: Enter the market at the bottom, not the top.

“We thought there was an opportunity for something to start up and start clean,” Newman explained. “It’s a clean sheet with none of the legacy issues, no old technology, no loans, delinquencies or the issues people read about.

Investor buys Texas Roadhouse building on Restaurant Row in East Naples

The asking price was listed as $3.02 million on .

The seller was Esprop LLC, the Coral Springs-based affiliate of Amera Corp. and Barron Real Estate, developers of Restaurant Row.

CBRE Group Inc. represented the seller. Berger Realty Group was the buyer's agent. 

"The demand for high-quality, well-located single-tenant assets in Florida remains very strong," said Raymond Romano, first vice president, CBRE Capital Markets, in a statement. 

Restaurant Row stretches 7 acres along Collier Boulevard at U.S. 41 East. In April two other buildings at the project fetched $6.65 million . The sale included property leased by three restaurants.

The larger building at 6821 Collier Boulevard — home to Chipotle Mexican Grill and Pei Wei Asian Diner — sold for $4.2 million. The other property at 6833 Collier Boulevard, leased by Pollo Tropical, brought $2.45 million.