Multifamily news in Marketing - Detroit

  • Five Downtown Detroit Buildings Add to Dan Gilbert’s Real Estate Portfolio

    Two weeks after completing the purchase of One Woodward Building – a 26-story Class A office tower at the corner of Woodward and Jefferson avenues in downtown Detroit – Dan Gilbert’s Rock Ventures announced five additional acquisitions that were brokered by the company’s real estate arm, Bedrock Real Estate Services.

  • U-M to Add More Biotech Research Space at Ann Arbor Site

    The University of Michigan (U-M) Board of Regents recently approved a $17.5 million expansion project that would add more research space to its North Campus Research Complex (NCRC) which is located at 2800 Plymouth Road in Ann Arbor.

  • 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 investment companies in Dan Gilbert’s portfolio.

  • 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 [...]

  • 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 [...]

  • 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 [...]

  • 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 [...]

  • 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 [...]

  • Detroit Real Estate Improving, Says S&P/Case-Shiller Report

    By Veronica Grecu, Associate Editor A recent report published by S&P/Case-Shiller reveals that only two of 20 metropolitan regions in the United States posted annual home price increases. Those two regions are Washington, D.C., and, surprisingly, Detroit—a city whose economy and [...]

  • Wright-Kay Building Joins Dan Gilbert’s Portfolio; Aloft Boutique Hotel to Open in Detroit

    By Veronica Grecu, Associate Editor Bedrock Real Estate Service, one of Dan Gilbert’s companies, has just paid $575,000 for the vacant Wright-Kay Building, one of Detroit’s historic structures located at 1500 Woodward, reports The Detroit News. According to CBRE Inc. representatives [...]

  • $3.3 Million Tax Exempt for New Meijer Store; Urban Science Joins “Live Detroit”

    By Veronica Grecu, Associate Editor The Michigan Economic Growth Authority (MEGA) has approved a $3.3 million tax credit that would help Grand Rapids-based hypermarket chain Meijer build a new store in Detroit. According to Detroit Free Press, Meijer could invest $33 [...]

  • Quicken Loans Employee Relocation Makes Detroit Reconsider Its Housing Options

    By Veronica Grecu, Associate Editor Detroit’s former Trolley Plaza apartment building, located at 1431 Washington Boulevard, has been rebranded as Detroit City Apartments, according to the Detroit Free Press. Opened in 1981, the Trolley Plaza building was later renamed as Washington [...]

  • 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 [...]

  • 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 [...]

  • 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 [...]