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Economy

Michigan to Enact the Uniform Commercial Real Estate Receivership Act

February 22, 2018 |

A commercial real estate receiver’s powers will be clarified when Michigan’s Uniform Commercial Real Estate Receivership Act (the “Act”) becomes effective in May. The legislation, signed by Gov. Rick Snyder on Feb. 6, 2018, effects many sweeping changes and answers … Read More

Checkers & Rally’s targets Southeast Michigan for growth

February 21, 2018 |
  • Fast-food chain plans to open 59 more stores in Southeast Michigan
  • Targeting areas west and north of Detroit
  • Room for Florida-based company to more fully saturate market

Continue reading full article on Crain’s Detroit.com

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Google expands domestic offices, data centers in 14 States including Michigan

February 21, 2018 |

Dive Brief:

  • Google is adding new or expanding existing offices and data centers in 14 states this year, according to an announcement by CEO Sundar Pichai.
  • Offices are expanding or opening in California, Colorado, Massachusetts, Pennsylvania, Michigan, New … Read More

Interest Rates May Double in the Next Few Years

February 21, 2018 |

The smartest business owners I know are always looking ahead. Talk to anyone today who’s been in business for more than a decade and they’ll tell you that, sure, they’re keeping a close eye on current sales, projections, overheads and … Read More

Applebee’s closed 99 locations last year — and it’s about to close dozens more

February 21, 2018 |
  • Applebee’s announced on Tuesday that it plans to close 60 to 80 locations in 2018.
  • Applebee’s shuttered 99 locations in 2017.
  • Executives have blamed the chain’s failed attempt to win over millennials for its downward spiral.
  • IHOP, Applebee’s sister brand, … Read More

2017 Single-Tenant Transaction Volume Outpaces 2016

February 21, 2018 |

Despite a drop in transaction activity from the third to fourth quarter, total transaction volume for 2017 exceeded 2016’s level, according to Real Capital Analytics data.

Note: Data current through Dec. 31, 2017. Based on independent reports of properties … Read More

FRIEDMAN’S PETER JANKOWSKI ARRANGES SALE OF 78,892 SF OFFICE BUILDING IN DETROIT, MICHIGAN

February 16, 2018 |

Farmington Hills, Michigan (February 16, 2018) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently arranged the sale of a 78,892-square foot office building, located at 2211 E. Jefferson in Detroit, … Read More

Of industrial, infrastructure and immigration: The big influencers on CRE in 2018

February 15, 2018 |

Investors might be expecting a slowdown in the commercial real estate market this year. But that doesn’t mean that they don’t still view commercial assets as worth investing in.

The 2018 Altus Group Real Confidence Executive Survey found that investors … Read More