News

Work begins on long-delayed Commerce Township retail center Developers are breaking ground this summer on a long-delayed retail and residential center in Commerce Township.  Robert B. Aikens & Associates, the development team behind the Five & Main retail “lifestyle center,” announced it has started $4 million in infrastructure work on a 45-acre site at M-5 and Pontiac…

30-year mortgage rate slips to lowest in 3 months The average rate on a 30-year mortgage loan eased again this week, extending a welcome trend for prospective homebuyers facing record-high home prices. The rate fell to 6.86% from 6.87% last week —  the lowest level in about three months, mortgage buyer Freddie Mac said Thursday….

Billionaire Ross’ company to co-develop Ann Arbor affordable housing project A division of billionaire Stephen Ross’ real estate company Related Cos. has been selected to co-develop a new mixed-income, high-rise apartment tower in downtown Ann Arbor. Chicago-based Related Midwest will co-develop with the Ann Arbor Housing Commission a dual-tower project on a site currently used…

Michigan voters: Let’s talk more about housing The coming months leading up to the November presidential election are sure to be rife with talk of the U.S. economy, immigration and foreign policy. Increasingly, however, voters say there’s another issue presidential candidates should be talking about more: housing, or the lack thereof. By and large, the…