All Posts in Category

Embattled Detroit hospital developer files for bankruptcy Credit: Annalise Frank/Crain’s Detroit BusinessRon Castellano of Herman Kiefer Development LLC has been trying since 2015 to redevelop the Herman Kiefer hospital site in Detroit. The New York City-based developer who has struggled for a decade to redevelop the historic Herman Kiefer hospital and surrounding property in Detroit…

Comerica inks large lease in Dan Gilbert building Credit: Quicken LoansThe One Campus Martius building owned by Dan Gilbert in downtown Detroit. Comerica Inc. has inked a large short-term lease at Dan Gilbert’s One Campus Martius building downtown. The bank confirmed Friday that it signed a deal at the tower to serve as a home…

UM buys more Ypsilanti property for future computing center Credit: University of MichiganThe University of Michigan’s Michigan Union building in Ann Arbor. The University of Michigan board of regents has approved the purchase of two parcels of land in Ypsilanti Township for up to $8.1 million for a future computing center. The “strategically located” property…

Metro Detroit home sales heat up with more listings, sales — and higher prices Credit: Elijah Nouvelage/BloombergMedian sales price for homes in metro Detroit remains elevated from a year ago and ticked up more than 3.6% from April to May. Perhaps not all hope is lost for a successful home buying and selling season. Even…