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Demographics, high housing costs drive growth for property management firm With a highly fragmented industry and more young people holding off on owning a home, metro Detroit entrepreneur Jeff Hurley sees room for considerable growth in the residential property management space.  Hurley — the owner of Troy-based Real Property Management Metro Detroit franchise operation —…

An observation deck for the RenCen? They make millions for skyscrapers. Observation decks like the one on top of the Willis Tower in Chicago and the Edge in New York City offer huge skyline views — and huge revenue. While Detroit doesn’t have a sky-high vantage point like that currently, it could get one in…

Heidelberg Project sells Detroit headquarters building Detroit’s famed Heidelberg Project has sold its headquarters building. The Detroit Food Academy, a nonprofit that teaches Detroit youth about food entrepreneurship, purchased the 4,500-square-foot building at 3442 McDougall St. for $360,000, Heidelberg said in a news release. The Heidelberg Project, the nonprofit behind artist Tyree Guyton’s painted houses,…

Home values in Detroit keep rising — building $4.6B in wealth in a decade Homeowners in Detroit continue to see significant increases in their property values, according to data released Friday by the city.  The report, by the University of Michigan’s Poverty Solutions, shows Detroiters who own their homes gained about $700 million in value…