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MARKET SNAPSHOT: Job Growth, Increased Apartment Demand Expected to Revitalize Detroit

MARKET SNAPSHOT: Job Growth, Increased Apartment Demand Expected to Revitalize Detroit

Detroit may be bankrupt, but its thriving real estate market could be a veritable lifebelt leading to the city’s recovery.…

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Friedman-led JV Grabs 430 KSF at Arboretum Office Park

Friedman-led JV Grabs 430 KSF at Arboretum Office Park

Arboretum Office Park, a 600,000-square-foot business complex located at 34405-34605 W. Twelve Mile Road in Farmington Hills, was almost fully sold to a private partnership called Arboretum Acquisitions LLC.…

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New Emergency Department Opens at DMC Sinai-Grace Hospital

New Emergency Department Opens at DMC Sinai-Grace Hospital

Detroit Medical Center (DMC) Sinai-Grace Hospital recently unveiled its brand new Emergency Department facility in northwest Detroit--a long overdue hospital addition that took two years to complete.…

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Orion Construction, 616 Development Move Forward with Residential Projects in West Michigan

Orion Construction, 616 Development Move Forward with Residential Projects in West Michigan

Orion Construction is working on a student housing complex in Allendale Township while 616 Development plans to convert the former Sackner Products Co. building in Grand Rapids into apartments.…

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Non-Profit Continues Blight Fight in Brightmoor

Non-Profit Continues Blight Fight in Brightmoor

The Detroit Blight Authority, a public-private initiative funded in 2013 and led by Bill Pulte, managing partner of private equity fund Pulte Capital Partners LLC, is moving forward with its plan to eradicate blight in Detroit.…

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Revamped Cobo Center Shines Bright at Detroit Auto Show

Revamped Cobo Center Shines Bright at Detroit Auto Show

With the 2014 Auto Show in full swing, Detroit’s painful financial decline that reached a climax last summer with the historic filing for bankruptcy seems like never really happened.…

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TechTown Opens Junction440 as Shared Work Space for Entrepreneurs

TechTown Opens Junction440 as Shared Work Space for Entrepreneurs

TechTown Detroit, a non-profit business incubator and accelerator based in Midtown within the Woodward Technology Corridor SmartZone, seized this opportunity and recently opened a new co-working space designed for entrepreneurs seeking an affordable, flexible and active work environment.…

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DevMar, Burton-Katzman to Bring Luxury Multifamily Complex to Plymouth

DevMar, Burton-Katzman to Bring Luxury Multifamily Complex to Plymouth

DevMar Development and Burton-Katzman are on track to build the first multifamily community in Plymouth in almost ten years after the city Planning Commission unanimously approved a new luxury development along Plymouth Road in the historic Old Village area.…

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Midtown Detroit Breaks Ground on LTU Center for Design and Technology

Midtown Detroit Breaks Ground on LTU Center for Design and Technology

A vacant lot at the corner of Woodward Avenue and Willis Street in Detroit will be replaced by a 30,000-square-foot commercial building that will house Lawrence Technological University (LTU) as the anchor tenant.…

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REDICO/American House Break Ground on 84-Unit Senior Living Center

REDICO/American House Break Ground on 84-Unit Senior Living Center

Real Estate Development and Investment Co. (REDICO) of Southfield, MI, and its affiliate American House Senior Living Communities are creating a senior living community in Grosse Pointe Farms, a suburban town located roughly 13 miles from Detroit.…

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Wayne State University’s Student Center Set for $18 Million Renovation

Wayne State University’s Student Center Set for $18 Million Renovation

As the number of students who choose to live on campus grows larger, the Wayne State University Board of Governors approved a much-needed $18 million renovation for the existing Student Center.…

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$60 Million Residential and Retail Building Coming to Midtown Detroit

$60 Million Residential and Retail Building Coming to Midtown Detroit

A 1.5-acre site in Detroit is set to be replaced by a much-needed $60 million mixed-use complex as part of Wayne State University’s “2020 Master Plan” that aims to revitalize the South University Village neighborhood.…

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