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Twitter Opens Small Office in Detroit’s Tech Corridor

Twitter Opens Small Office in Detroit’s Tech Corridor

Lured by the proximity to car companies and their generous advertising budgets, social media giant Twitter has decided to open a small-sized office in Detroit. The San Francisco-based tech company has selected the historic M@dison Building, a former theater now owned by Rock Ventures LLC, one of the real estate…

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Foreclosed Hotel Pontchartrain Has New Owner

Foreclosed Hotel Pontchartrain Has New Owner

By Veronica Grecu, Associate Editor Gabriel Ruiz, a Mexico-based developer and hotel investor, has purchased the Pontchartrain Hotel located at 2 Washington Blvd., across the street from Cobo Center and 150 West Jefferson. Though the sale price is still unknown, an [...]…

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Former Sears Building to Change Hands; Renovation of Belle Isle Maintenance Building Nears Completion

Former Sears Building to Change Hands; Renovation of Belle Isle Maintenance Building Nears Completion

By Veronica Grecu, Associate Editor After more than a year of negotiations with Michael Bozenski and Gary Lamb, the owners of the former Sears building, the Wyandotte Downtown Development Authority (DDA) will purchase the long-vacant structure for $500,000, reports The News-Herald. The [...]…

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LEED-Certified Fairlane Green Changes Hands for $47 M

LEED-Certified Fairlane Green Changes Hands for $47 M

By Veronica Grecu, Associate Editor Phoenix, AZ-based Cole Real Estate Investments recently paid $47 million for a 270,000-square-foot retail power center located in a historically strong corridor in Allen Park, south of Detroit. Opened in 2005, the retail center is almost [...]…

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Abandoned Brewster-Douglass Site Could Be Replaced by New Housing and Retail

Abandoned Brewster-Douglass Site Could Be Replaced by New Housing and Retail

By Veronica Grecu, Associate Editor Detroit seems to have engaged in a race to tear down or repurpose all of its decaying buildings that point to the city’s economic distress. Motown’s rebirth is no longer just an abstract concept but a [...]…

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Sad but True: Detroit’s Historic Packard Plant Could Be Demolished

Sad but True: Detroit’s Historic Packard Plant Could Be Demolished

By Veronica Grecu, Associate Editor The Packard Automotive Plant, Detroit’s former high-end automobile manufacturing company and currently a symbol of the city’s decay, could be demolished in less than a month, if the plant’s owner and city officials come to an [...]…

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$1 Million Donation Breaks the Ice for ‘Leaders to Rebuild Detroit’

$1 Million Donation Breaks the Ice for ‘Leaders to Rebuild Detroit’

By Veronica Grecu, Associate Editor Seeing the success of the housing incentives launched last year—Live Downtown and Live Midtown—and the growing interest for recently opened Challenge Detroit, a new multi-million dollar initiative aiming at revitalizing the city was announced this week [...]…

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DMC Plans $50 Million Outpatient Facility in Royal Oak

DMC Plans $50 Million Outpatient Facility in Royal Oak

By Veronica Grecu, Associate Editor A new Detroit Medical Center (DMC) outpatient facility could soon replace a vacant plot in the south end part of Royal Oak, near Interstate 696 and Woodward. DMC and parent company Vanguard Health Systems Inc. want [...]…

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Vacant Sears Building in Pontiac Will Turn Residential

Vacant Sears Building in Pontiac Will Turn Residential

By Veronica Grecu, Associate Editor Work has begun on a mixed-use project that will replace Pontiac’s former Sears Department Store building with 46 loft rental units and retail space. Local development company West Construction Services will invest $19.8 million in renovating [...]…

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Cash Incentive Programs Continue to Lure Professionals to Detroit

Cash Incentive Programs Continue to Lure Professionals to Detroit

By Veronica Grecu, Associate Editor Live Midtown, a cash incentive program that encourages employees of Henry Ford Health System, the Detroit Medical Center and Wayne State University to buy or rent in Detroit, proved to be so popular that it will [...]…

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Private Partnership Brings New Life to Industrial Property in Corktown

Private Partnership Brings New Life to Industrial Property in Corktown

By Veronica Grecu, Associate Editor After spending $270,000 to purchase a Corktown industrial property in September last year, two ambitious investors decided to transform the building into creative office space. Native Detroiter Angel Gambino, a media and Web business development expert, and [...]…

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Eastern Market Redevelopment Starts with Shed 5

Eastern Market Redevelopment Starts with Shed 5

By Veronica Grecu, Associate Editor Work on a new redevelopment project in Detroit’s historic Eastern Market has begun with the renovation of Shed 5, the northernmost enclosed shed in the market and the core of the market. The $3.9 million upgrade [...]…

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