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Report: Michigan Housing Permits Rise 11.7 Percent in 2016

February 21, 2017 |

Final numbers from the U.S. Census Bureau indicate a total of 15,716 permits were issued throughout Michigan for new home construction in 2016, representing an increase of 11.7 percent over the total of 13,581 permits in 2015. The 2016 year-end … Read More

2 metro Detroit companies plan investments totaling $4.4 million

February 17, 2017 |

Two metro Detroit companies are preparing for expansions that are expected to create a total investment of $4.4 million and 129 jobs for the local economy, according to the Michigan Economic Development Corp.

Troy-based Detroit Engineered Products Inc., a global … Read More

Ford plans $200M wind tunnel complex in Allen Park

February 15, 2017 |

ALLEN PARK, Mich. (AP) – Ford Motor Co. plans to build a $200 million aerodynamic testing facility in suburban Detroit.

The Dearborn-based automaker announced Wednesday that the wind tunnel complex will be on 13 acres next to Ford’s current … Read More

Autoworkers’ big checks good news for retailers

February 8, 2017 |

About 60,000 autoworkers in Michigan and 148,000 nationwide will have extra cash to spend this month and next as profit-sharing checks from Detroit’s Big Three arrive.

Workers at General Motors Co. will get the biggest profit-sharing — up to a … Read More

Multifamily Housing Construction Finished the Year on a Strong Note with 26% Rise in New Starts

January 31, 2017 |

NEW YORK, NY – New construction starts in December slipped 5% to a seasonally adjusted annual rate of $613.0 billion, according to Dodge Data & Analytics. The latest month’s decline for total construction was due to sharply reduced activity for … Read More

Yanfeng Automotive Interiors to build HQ in Novi; Kerkstra to expand in Trenton

January 19, 2017 |

Michigan Strategic Fund OKs more than $1 million in grants to 3 companies

Yanfeng Automotive Interiors, a joint venture interior supplier will invest $8.45 million to develop a new headquarters in Novi while Kerkstra Precast Inc. will invest more than … Read More

US Commercial Real Estate Executives Bet Big on Industrial for 2017

January 17, 2017 |

NEW YORK, NEW YORK–(Marketwired – Jan. 12, 2017) – Altus Group Limited (“Altus Group”) (TSX:AIF), in collaboration with the National Association of Real Estate Investment Trusts (NAREIT®) and the National Council of Real Estate Investment Fiduciaries (NCREIF®), today released the … Read More

Ford Is Creating More Auto Jobs. Does That Make The Detroit Area A Good Real Estate Bet?

January 12, 2017 |

Ford has been making headlines over plans to bring car manufacturing back to the Detroit area, announcing at the 2017 Detroit auto show this week that the Bronco and Ranger are coming back to the U.S. in 2019 and will … Read More