Blog
One of Detroit’s most recognizable high-rises goes up for sale — whales included Two of the most prominent buildings owned by the late Detroit developer Michael Higgins — one perhaps best-known for a mural featuring whales — have gone up for sale. Toronto-based brokerage Colliers International inc., which has a downtown Royal Oak office, has…
GM supplier plans new factory, 390 jobs in Macomb County Spanish automotive supplier Gestamp is planning to build a 460,000-square-foot plant in Macomb County that would employ 390 workers and feed parts to General Motors Co.’s Orion Assembly factory. The company, whose North American headquarters is in Troy, would occupy the build-to-suit development on a…
RenCen towers purchase price revealed The new owner of a pair of Renaissance Center towers paid one of the lowest prices per square foot for prime downtown office buildings in years. The buyer, Farmington Hills-based Friedman Real Estate, dropped $15 million just for the real estate itself in the multi-property purchase that closed in December. Included in…
Look inside the luxury apartments renting for $2,300 per month at the Joe Louis Arena site As the developers of Detroit’s newest high-end apartment building prepare to welcome residents as soon as this week, the high cost of the units appears to be serving as little deterrent for tenants. With 496 luxury units in a…
Owning a home is a keystone of wealth… both financial affluence and emotional security.