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Housing

Empty Nesters Are Flocking To Cities For These 4 Things

August 16, 2017 |

In an interesting trend inversion, a growing number of millennials are leaving cities for suburbs — starting families or seeking lower rents — while many baby boomers are doing the exact opposite. According to the National Association of Realtors, between the summer … Read More

Once fantasy, redeveloping Detroit’s old train depot now seen as doable

August 10, 2017 |

Closed for nearly 30 years, the massive Michigan Central Station in Detroit is widely known for its ornate architecture and haunting emptiness and decay, but so far has missed out on the surge in redevelopment happening in the city.

Now the possibility for a full renovation … Read More

CoStar Market Insights: Three Most Active Multifamily Submarkets in Detroit

August 9, 2017 |

Top Three Submarkets Seeing Most New Apartment Construction

Downtown, Midtown Dominate

Detroit’s re-emergence over the past few years is perhaps most visible in the large amount of multifamily and other commercial development taking place in Downtown and Midtown.

Once largely … Read More

How 3D Printing Is Revitalizing Downtown Detroit

August 4, 2017 |

An intricate model fueled by cutting-edge technology is Olympia Entertainment’s secret weapon in developing the city

When Tom Wilson, president and CEO of Olympia Entertainment, was first trying to sell suites in Detroit’s soon-to-open Little Caesars Arena and leases in the surrounding … Read More

10 metro Detroit cities featured in 100 safest cities in America

August 2, 2017 |

(WXYZ) – A new study found that 10 of the 100 safest cities in the United States are in metro Detroit.

The study, from Alarms.org, used statistics including number of violent crimes per 100,000 residents and number of property crimes per … Read More

Multifamily rents jump in a big way in June

August 2, 2017 |

Multifamily rents across the country, and throughout the Midwest, rebounded in a big way in June, rising $12 to an average of $1,349, according to the latest rent survey by Yardi Matrix.

On a year-over-year basis, apartment rents were up … Read More

FRIEDMAN’S RYAN COHN SELLS 3 BUILDING, 75-UNIT MULTIFAMILY PORTFOLIO NEAR KALAMAZOO, MICHIGAN

July 27, 2017 |

Farmington Hills, Michigan (July 27, 2017) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently sold a 3-building, 75-unit multifamily portfolio located at 1809-1811 Humphrey Street in Kalamazoo, Michigan as well … Read More

A neighborhood perspective: How The Platform is thinking differently about Detroit development

June 21, 2017 |

Shortly after developers Peter Cummings and Dietrich Knoer partnered on purchasing the New Center’s iconic Fisher and Kahn buildings in 2015, Knoer extended a rather unusual invitation to Cummings: a 4:30 a.m. breakfast at Eastern Market.

Cummings agreed to the … Read More