News

$60M available to developers to help meet Michigan housing needs Housing developers around the state now have access to millions of dollars in funding as part of a new streamlined program unveiled Monday by Michigan’s housing agency.  The Michigan State Housing Development Authority said the MI Neighborhood application is open to developers, nonprofits and units…

Forbes list of richest people in the world has a new member with Michigan ties Earvin “Magic” Johnson, a former Michigan State University basketball player from Lansing who later starred for the Los Angeles Lakers, has joined Michigan billionaires Dan Gilbert, the Stryker family and the Meijer family on Forbes’ 2024 list of the richest people…

Michigan banks have more commercial real estate loans than big chains. Are they in danger? Commercial office buildings vacated by the disruptions of the COVID-19 pandemic are now a predicament for the banks that are carrying their loans.  In Michigan, some banks have sunk more than half of their business into this risky sector.  “Two…

Revived lofty Romulus sports, entertainment complex vision gets conceptual approval A developer with an ambitious Romulus proposal first conceived more than two decades ago is taking another crack at it. Kenneth Bardwell and his Motown Sports Group Holdings LLC has received conceptual site plan approval from the Planning Commission for his grand vision: a sprawling…