Check out market updates
Out-of-state fund aims to invest $11M in ‘buy, fix, rent’ effort in Detroit A Boston-based institutional investment firm aims to deploy around $11 million in the coming years to increase the supply of Detroit’s affordable housing stock. Acrtaris Impact Investors LLC, which manages a variety of real estate funds, working in concert with Detroit-based real…
Long-delayed development next to Detroit’s Whole Foods may be moving forward There are signs of life for a long-stalled mixed-use development proposal in Detroit’s Midtown neighborhood. It’s been a difficult slog for The Mid vision, but facing a looming state-imposed deadline for public financing, the development team anticipates beginning site work soon. Construction is expected…
Detroit considers moving some city offices to the RenCen The city of Detroit is mulling moving a chunk of its employees into the Renaissance Center, Crain’s has learned. Multiple sources familiar with the matter said that while there has been no final decision made or deal reached, that’s one of the options being explored as…
U.S. cannabis policy ‘prioritizes profit over public health,’ report says A new report from the National Academies of Sciences, Engineering, and Medicine called for urgent federal action on U.S. cannabis policy, warning that state-level legalization efforts prioritize commercial interests over public health. The government-sponsored study found that cannabis use has increased in many populations, a…
Owning a home is a keystone of wealth… both financial affluence and emotional security.