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Joe Louis Arena garage gets a new owner in $30M deal following forfeiture The former Joe Louis Arena parking garage traded hands in late May for $30 million after its previous owner defaulted on a land contract. The Detroit Regional Convention Facility Authority, which runs the Huntington Place convention center, bought the roughly 3,000-space deck…
Mortgage companies get big boost as owners tap into surging home equity The significant inflation throughout the U.S. economy of the last several years has undoubtedly brought harm to American consumers. But it’s also resulted in massive appreciation for home values. That second factor, given that interest rates have more than doubled since the summer…
Boston-Edison mansion fetches highest sale price in Detroit in years An 11,000-square-foot Italianate mansion in Detroit designed by Albert Kahn sold last month for just less than $2 million — the highest sale price for a single-family home in the city in nearly two years. The Benjamin Siegel Mansion in the historic Boston-Edison neighborhood dates back…
Former Duggan official returns to Detroit to lead Housing Commission Longtime Detroit housing official Arthur Jemison is returning to the city. Jemison, the city’s former group executive for planning, housing and development, left that job in early 2021 and subsequently took on a role in the federal government and as the chief planner for the city of…
Owning a home is a keystone of wealth… both financial affluence and emotional security.