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Italian American Cultural Society building $4.5M clubhouse The Italian American Cultural Society is building a $4.5 million clubhouse on its Clinton Township site. The new building will enable the society to move its offices and membership activities out of the Italian American Banquet & Conference Center, a hot spot for weddings, funerals, baby showers and…
Mortgage rates dip for first time in weeks while consumer confidence wavers Mortgage rates in the U.S. fell for the first time in three weeks. The average for 30-year loans was 6.65%, down from 6.67% last week, Freddie Mac said in a statement Thursday. The 15-year rate, popular with refinancers, ticked up 6 basis points…
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…
Owning a home is a keystone of wealth… both financial affluence and emotional security.