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Multifamily

FRIEDMAN SELLS 8- UNIT MULTI-FAMILY PROPERTY IN WYANDOTTE, MI

May 17, 2017 |

Farmington Hills, Michigan (May 17, 2017) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently sold an 8-unit multi-family property located at 3500-3616 13th Street in Wyandotte, MI. The seller, Buchner … Read More

Corktown to get $150 million facelift for mixed-use development

May 8, 2017 |

DETROIT (WXYZ) – Detroit’s Corktown is preparing for it’s largest facelift since the Detroit Tigers left the area.

Monday marks the groundbreaking for “Elton Park.” The development team behind it, Soave Enterprises, touts it as a $150 million mixed-use development … Read More

$10M redevelopment begins at vacant St. Charles school

May 2, 2017 |

Detroit — St. Charles, a vacant Catholic school on Detroit’s lower east side, will rise again after a $10 million renovation converts the vacant building into 25 residences and adds 10 apartments next door.

Calling it the “grand jewel” of … Read More

Navigating the Changing Landscape for Multifamily Financing in 2017

May 2, 2017 |

While multifamily remains one of the most desirable asset classes to finance, a number of new factors have emerged that are making it more challenging to secure competitive financing.

The multifamily market has certainly enjoyed a golden era. Vacancy rates … Read More

Economy Watch: Commercial Property Valuations Gain in April

May 2, 2017 |

The commercial real estate industry saw its strongest price growth since the election, with the apartment sector continuing its run of success in April, according to Ten-X’s latest Commercial Real Estate Nowcast.

Commercial real estate valuations nationwide grew by … Read More

Stonecrest Senior Living opening two communities in metro Detroit

May 2, 2017 |

Stonecrest Senior Living is opening two assisted living and memory care communities in metro Detroit. Stonecrest of Troy Senior Living is set to open in June and Stonecrest of Rochester Hills is planned to open this fall.

Stonecrest of Troy … Read More

Embracing Efficiency

May 1, 2017 |

Since the Great Recession, the U.S. has increasingly become a renter nation. Renters encompass more than one-third of total U.S. households, with 18.7 million households residing in buildings with five or more units, according to National Multifamily Housing Council data.

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FRIEDMAN NEGOTIATES 12-UNIT MULTI-FAMILY PROPERTY SALE IN KALAMAZOO, MICHIGAN

May 1, 2017 |

Farmington Hills, Michigan (May 1, 2017) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, recently sold a 12-unit multi-family property located at 1615 Nottingham Avenue in Kalamazoo, Michigan. The seller FVG … Read More