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Crowdfunded REITs Gain Momentum

September 28, 2016 |

Crowdfunding firms are stepping into the REIT space to make a bigger play for commercial real estate investor capital.

Fundrise was the first firm to launch a crowdfunded REIT last December and the company has jumped out to an early … Read More

U.S. Commercial Real Estate: A Favorite among Foreign Investors

September 28, 2016 |

Considerable press has been given lately to high-profile real estate acquisitions made by foreign investors, particularly those from China. China Life Insurance Group Co. recently purchased a $1.65 billion Manhattan office tower on Sixth Avenue; Anbang Insurance Group Co. bought … Read More

Cummings’ 231-unit Third and Grand development gets $2 million in state financing

September 28, 2016 |

The Michigan Strategic Fund board on Tuesday approved a $2 million performance-based loan for developer Peter Cummings’ $54.6 million new residential project in New Center Area.

Third & Grand LLC is expected to bring 231 apartments … Read More

Detroit’s first U-pick apple orchard could become reality

September 26, 2016 |

Michigan is home to hundreds of apple orchards, filled with acres of tart and tangy, crisp and crunchy, sweet and juicy apples.

But you won’t find a single orchard in the city of Detroit.

Now, two blocks of blighted property on the city’s … Read More