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Mortgage rates slip for a third week Mortgage rates in the U.S. dropped for a third straight week, easing pressure on homebuyers. The average for 30-year fixed-rate mortgage loans was 6.89%, down from 6.95% last week, Freddie Mac said in a statement. A year ago at this time, it averaged 6.64%. The 15-year rate, popular…

This apartment magnate lived large on a $2B portfolio. Now, he’s in retreat. Jonathan Holtzman isn’t a religious person in any sort of traditional sense, but he does believe in God, the natural world — and capitalism. Deep to his bones. And it’s not hard to see the allure of the latter, from his perspective….

Mike Kozak is engineering Detroit’s biggest new developments Mike Kozak, president and partner of the engineering firm Giffels Webster, has been in the field for more than 20 years, rising to his current role in 2023.  The Detroit-based company has been involved with some of the most significant new construction and redevelopment projects in the city in the last…

Large Pontiac development led by Mr. Alan’s founder gets $79.2M in incentives A large proposed mixed-use project on the outskirts of downtown Pontiac has taken a major step forward in its financing. The Michigan Strategic Fund has given its blessing to a $79.2 million transformational brownfield program package for The Exchange, a nearly $106 million…