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Banking

Moderate growth expected for commercial real estate

October 16, 2017 |

The US commercial real estate industry should see moderate growth through much of 2019 according to new forecast from the Urban Land Institute.

The survey of top real estate economists calls for national vacancy or availability rates to rise modestly … Read More

Green Financing in Multifamily Housing Grows in 2017

October 3, 2017 |

Lower interest rates and larger loans are fueling energy conservation inside multifamily housing operations across the country, bolstering the bottom line of owners and the wallets of residents.

Fannie Mae, Freddie Mac, HUD and the Federal Housing Authority (FHA) offer … Read More

Census: Detroit incomes up for the first time since 2000

September 25, 2017 |

Poverty went down and incomes rose last year in Detroit, the first significant income increase recorded by the U.S. Census Bureau in the city since the 2000 census.

Detroiters’ median household income was $28,099 in 2016, … Read More

Matt Shiffman has $75 million in Projects in Birmingham, Detroit

September 21, 2017 |

Passion for real estate runs in Matt Shiffman’s blood.

Now his Birmingham-based Alden Development Group LLC has more than $75 million worth of projects in Birmingham and downtown Detroit to complete.

The $45 million-plus Brookside Terrace on South Old Woodward … Read More

Amazon’s Grocery Threat Could Be a Real Estate Opportunity

September 21, 2017 |

Patient real estate investors stand to gain from the fears of disruption such as the one that rattled the grocery industry after Amazon.com Inc.’s takeover of Whole Foods, according to MetLife Inc.

The narrative about the death of brick-and-mortar retailers is … Read More

Somerset Collection in Troy Announces New Retailers, Expanded Shops and Restaurants

September 21, 2017 |

The Somerset Collection in Troy today announced it is adding 15 new stores over the next year, bringing nearly 60,000 square feet of new retail investment to the state. Additionally, several signature stores at Somerset Collection have experienced expansions and … Read More

Bedrock Unveils Plans For $2.1 Billion In Development Projects In Downtown Detroit

September 20, 2017 |

DETROIT, Sept. 20, 2017 /PRNewswire/ — Bedrock today unveiled a package of four transformational developments totaling $2.1 billion in new investment that will reshape Detroit’s skyline and create both construction and permanent jobs totaling up to 24,000. The package of transformational projects, which includes the Hudson’s … Read More

Economy Watch: Tech Set to Disrupt Retail, Industrial Employment

September 11, 2017 |

Some 80 percent of jobs in transportation, warehousing and logistics, and 63 percent of jobs in sales are susceptible to automation in the not-so-distant future, according to the latest Citi Global Perspectives & Solutions report. Retail is one industry in which … Read More