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Quicken Loans-Owned Buildings in Detroit Receive Federal Grant for Energy Efficiency

Quicken Loans-Owned Buildings in Detroit Receive Federal Grant for Energy Efficiency

By Veronica Grecu, Associate Editor Last week the Detroit Economic Development Corp. approved grants of up to $260,000 in federal tax money for three buildings owned by Dan Gilbert, founder of Quicken Loans. The Detroit News reports that the Dime, the [...]…

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Detroit No Longer a Ghost City

Detroit No Longer a Ghost City

By Veronica Grecu, Associate Editor Motown’s most noticeable real estate developments and transactions were highlighted by Crain’s Detroit Business in an article published this week that shows the city’s steady economic development progress. Detroit’s revitalization plan has been focusing on a series [...]…

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Local Incentives and Federal Programs Help Revive Metro Detroit Residential Market

Local Incentives and Federal Programs Help Revive Metro Detroit Residential Market

By Veronica Grecu, Associate Editor The Live Midtown incentive program which was launched just eight months ago has almost exhausted its funds totaling almost $1 million. The amount provided by Detroit’s major companies, Henry Ford Health System, Wayne State University and [...]…

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Detroit Commercial Real Estate Revived through Green Initiatives

Detroit Commercial Real Estate Revived through Green Initiatives

By Veronica Grecu, Associate Editor The Elevator Building, one of Detroit’s historic landmarks currently offering office and retail space, will undergo major roof transformations with the help of Novi, Mich.-based SRI Energy, a company offering green energy solutions to socially responsible [...]…

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Detroit Housing Market Receives Extra Help From Local Companies

Detroit Housing Market Receives Extra Help From Local Companies

By Veronica Grecu, Associate Editor The U.S. Department of Housing and Urban Development (HUD) agreed to remove Detroit from the “troubled designation list” where it had been since 2005. The decision was taken based on the recommendations offered by members of [...]…

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Shared Workspaces Help Business Development in Metro Detroit

Shared Workspaces Help Business Development in Metro Detroit

By Veronica Grecu, Associate Editor With the number of floating workers rapidly increasing in the new economy, the concept of shared workspaces is growing in the country’s major cities and their metropolitan areas. Freelancers, professionals working from home or independent contractors [...]…

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Home Sales Continue to Sink in Metro Detroit; RiverWalk to Inaugurate New Facilities

Home Sales Continue to Sink in Metro Detroit; RiverWalk to Inaugurate New Facilities

By Veronica Grecu, Associate Editor According to a report issued this week by Realcomp II Ltd., a real estate information company headquartered in Farmington Hills, Metro Detroit residential real estate continued to fall for the sixth consecutive month. The report, quoted [...]…

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New Student Grant Program will Offset Rents and Decrease Apartment Vacancies

New Student Grant Program will Offset Rents and Decrease Apartment Vacancies

By Veronica Grecu, Associate Editor Grosse Pointe Park city officials and the Grosse Pointe Housing Foundation launched a student grant program that would help reduce the renting cost for 580 units. According to Patch.com, the program is designed to encourage young [...]…

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Dilapidated Buildings in Detroit Redeveloped, Others Demolished

Dilapidated Buildings in Detroit Redeveloped, Others Demolished

By Veronica Grecu, Associate Editor The empty David Whitney building, located at 1553 Woodward Ave., might be transformed into a boutique hotel, a one-of-a-kind entity in Detroit. Though the boutique hotels movement started in London in the early 1980s and popular [...]…

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Detroit Welcomes Green Business Incubator in Zero Energy Building

Detroit Welcomes Green Business Incubator in Zero Energy Building

By Veronica Grecu, Associate Editor After more than two years, the renovation of one of the dilapidated buildings located at 4444 Second Ave. in Midtown Detroit is nearing completion. According to www.greengaragedetroit.com, the building dates back to 1920, when it served [...]…

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Report Shows Increase in Detroit Home Sales

Report Shows Increase in Detroit Home Sales

By Veronica Grecu, Associate Editor Detroit region’s home sales rose 4.3 percent in May 2011 according to recent data released by MLS Realcomp II Ltd., a real estate information company based in Farmington Hills. The report quoted by Crain’s Detroit Business [...]…

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Land Banks and Tech Companies Help Economic Growth

Land Banks and Tech Companies Help Economic Growth

By Veronica Grecu, Associate Editor The sixth annual Land Bank Conference that was held in Detroit from June 5 to 7 at the MotorCity Casino Hotel reunited about 450 urban experts around the country. The discussions tackled the development and operation of land [...]…

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