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New $80M building in downtown Birmingham has major anchor tenant Construction on an $80 million, four-story mixed-use building in downtown Birmingham has begun, starting with demolition. Developer Ron Boji’s new project on East Brown Street west of Old Woodward Avenue, next door to the new RH (formerly Restoration Hardware) store under construction, comes armed with a…

Developer tests the market with 23 new home sites near Indian Village Among the first new speculative homes built at scale in Detroit in decades, sales are underway at a new-build development on the city’s east side. Detroit-based multi-family apartment developer Greatwater Opportunity Capital LLC is now venturing into the for-sale side of the real estate business…

Automation supplier plots new HQ in Oakland County Convergix Automation Solutions is planning to expand with a new Auburn Hills headquarters in a space abandoned by an automotive plastics and foam supplier in bankruptcy. The automation company will move from its base in Troy to a building two-thirds larger at 800 Standard Parkway, bringing it…

Mortgage rates drop for the first time in 6 weeks Mortgage rates in the U.S. fell this week, switching direction after five weeks of increases. The average interest rate for a 30-year, fixed loan was 7.09%, down from 7.22% last week, Freddie Mac said in a statement Thursday. Homebuyers are getting a bit of a…