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Economy

4 more Sears, Kmart stores in Michigan to close amid bankruptcy filing

October 16, 2018 |

Sears Holdings Corp., the 125-year-old retailer that became an icon for generations of American shoppers, filed for bankruptcy early Monday, saddled with billions of dollars of debt racked up as it struggled to adjust to the rapid shift toward … Read More

Five Steps to Smart Multifamily Investments

October 12, 2018 |

Home ownership rates have fallen in recent years due to rising home values and stricter underwriting standards. As a result of this and the increase in the number of people 34 and under—the prime rental age—more U.S. households are renting than at any … Read More

Bankers Are Worried About Sky- High Commercial Real Estate Prices

October 12, 2018 |

Janet Yellen recorded the warning a day before stepping down as Federal Reserve chair in February: Commercial real estate prices look strikingly high. Her successor, Jerome Powell, flagged it again a month later.

Analysts at Goldman Sachs Group Inc. tried … Read More

FRIEDMAN’S GREG HORNBY SELLS AN 11,036 SQUARE FOOT OFFICE BUILDING IN RIVERVIEW, MICHIGAN

October 12, 2018 |

Farmington Hills, Michigan (October 12, 2018) – Friedman Real Estate, one of the nation’s leading providers of commercial real estate services, recently sold Kingsbury Office Park, an 11,036 square foot office building located at 14600 King Road in Riverview, Michigan. … Read More

Detroit, Grand Rapids named among 100 best places to retire in the U.S.

October 11, 2018 |

Detroit and Grand Rapids were named in a list of the 100 best places to retire in the U.S.A. by U.S. News & World Report.

Grand Rapids was ranked number 6 and Detroit was ranked number 64.

Ranking criteria included … Read More

FRIEDMAN’S PHIL KONOPITSKI SELLS A 28,900 SQUARE FOOT INDUSTRIAL BUILDING IN INKSTER, MICHIGAN

October 11, 2018 |

Farmington Hills, Michigan (October 11, 2018) – Friedman Real Estate, one of the nation’s leading providers of commercial real estate services, recently sold a 28,900 square foot industrial building located at 3000 Middlebelt Road in Inkster, Michigan.  Kodiak Properties sold … Read More

Average U.S. Rent Dropped $1 in September, According to Yardi Matrix Report

October 11, 2018 |

September 2018 marked the first time in eight months that U.S. multifamily rents did not increase. The $1,412 national average for the month represented a $1 drop from August and a 3.1% year-to-date increase; year-over-year rent growth remained unchanged at … Read More

As Retailers Go Dark, Mall Vacancies Reach Highest Level In 7 Years

October 10, 2018 |

In previous real estate cycles, all of the ingredients would have been in place to foster healthy retail absorption and lower vacancies. Not this time around.

Despite the nation’s strong economy, low unemployment levels and high consumer spending and confidence, … Read More