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Self Storage Rents Still Down Across the US

February 20, 2019 |

Self storage rents stayed somewhat flat in January, as new projects coming online are still preventing growth on a national level. Over the past 12 months, street-rate rents fell by 1.7 percent for the average 10×10 non-climate-controlled and by 1.5 … Read More

FRIEDMAN’S STEVEN SILVERMAN & JOSH MILLER SELL A FORMER 95,000 SF KMART LOCATED IN OAK HILL, WEST VIRGINIA

February 20, 2019 |

Farmington Hills, Michigan (February 20, 2019) – Friedman Real Estate, one of the nation’s leading providers of commercial real estate services, in conjunction with Ten-X Commercial recently sold a 95,000 square foot former Kmart located at 497 Mall Road in … Read More

Payless To Close All 2,300 Stores

February 19, 2019 |

Another one bites the dust.

Payless ShoeSource is reportedly planning to declare bankruptcy and close all of its 2,300 stores nationwide. If that happens, the shoe retailer would be one of the highest-profile victims of the retail apocalypse lately and … Read More

U.S. Retail Sales Fall Most in Nine Years Amid Stock Plunge

February 14, 2019 |

U.S. retail sales unexpectedly fell in December, posting the worst drop in nine years in a sign of slower economic momentum at year-end amid financial market turmoil and the government shutdown.

The value of overall sales fell 1.2 percent from … Read More

These South Florida hotels are among Top 10 in nation

February 13, 2019 |

Surfside’s Four Seasons Hotel at the Surf Club and the Acqualina Resort & Spa in Sunny Isles Beach are the No. 3 and No. 6 best hotels in the nation, according to U.S. News & World Report.

Out-of-State Buyers Flock to Miami

February 12, 2019 |

A growing list of public officials in high-tax states are expressing alarm that big earners are bolting to low-tax states as new data suggests some home buyers are moving in response to the year-old change in the federal tax law.

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S&P upgrades Detroit’s credit rating one notch closer to investment grade

February 12, 2019 |

Detroit’s credit rating is one step closer to exiting the Wall Street doldrums of junk bond status that has hampered the city’s ability to borrow for years.

S&P Global Ratings on Thursday upgraded Detroit’s credit rating on unsecured debt … Read More

National Investors Begin to Take Interest in Detroit Market

February 7, 2019 |

In 2018, the Detroit real estate market had a banner year for transactions, new developments and big headlines. Chief among these was Ford Motor Co.’s acquisition of the vacant Michigan Central Station, a major media event that attracted attention from … Read More