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Senior housing development surges as population ages, but low-income projects lag in metro Detroit

March 5, 2015 |

There’s a surge of senior housing development in Southeast Michigan as developers look to meet rising demand and take advantage of available capital.

Projects ranging from high-end and market-rate senior living communities and expansions to a handful of affordable or … Read More

Freddie Mac Predicts Strong 2015 for Multifamily

March 5, 2015 |

Freddie Mac economists are predicting another strong year for the multifamily industry.

The company’s 2015 outlook, released Friday, forecasts strong household formation rates this year. Steve Guggenmos, senior director of multifamily investments & research at Freddie Mac, says that the positive … Read More

Bank CRE Lending Rose $104B in 2014

March 3, 2015 |

WASHINGTON, DC—Banks increased lending to commercial real estate in 2014 by a significant degree, according to a new report by Chandan Economics. There was also a measurable uptick in aggressive underwriting by these institutions, CEO Sam Chandan tells GlobeSt.com.

First, … Read More

Michigan Central Station: The story of its rise, fall and…

February 26, 2015 |

For several decades, millions passed through Motor City’s majestic rail station which served as a portal to America’s heartland. But as the auto-industry slumped and the local economy collapsed, the station saw less and less traffic. Since the last … Read More