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Owners of metro Detroit office buildings underwater on loans as value tanks Credit: Kirk Pinho/Crain’s Detroit BusinessThe Bank of America Building/Somerset Atrium in Troy. A New York City-based landlord swooped into metro Detroit in 2017 and dropped $74 million on the storied Bank of America office building in Troy. Eight years later, the building is…
New stores, arcade to take over former Sears space at Twelve Oaks Mall Credit: ScreenshotA conceptual rendering of the Dick’s House of Sport at Twelve Oaks Mall in Novi. The former Sears store at Twelve Oaks Mall in Novi is getting new uses. Dick’s Sporting Goods Inc. is planning to open a Dick’s House of…
Michigan homebuilder pledges 2,500 more workforce units using state incentives Credit: Michigan Governor’s OfficeBrian Farkas of Allen Edwin Homes on Wednesday announces the company’s pledge to build 250 more workforce housing units a year in Michigan over the next decade during a news conference at the 2025 Mackinac Policy Conference. One of the state’s largest…
This century-old Bloomfield Hills mansion has architectural pedigree — and a view Credit: Skyview ExpertsThe Quartermore estate in Bloomfield Hills has six bedrooms, 6.2 bathrooms and a four-car heated garage. A Bloomfield Hills mansion steeped in old money Oakland County history will hit the market soon. Dubbed “Quartermore” when it was constructed a century ago,…
Owning a home is a keystone of wealth… both financial affluence and emotional security.