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Office

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

Hollywood reaches for the skies as building boom transforms downtown skyline

October 9, 2018 |

The building boom long courted by downtown Hollywood is finally here, reshaping the skyline in waves as developers line up with plans in hand.

The next wave: Parc Place, a three-tower luxury apartment project geared at the younger set, will … Read More

Will an open office environment work for you?

October 5, 2018 |

Though people still talk about the corner office as a benchmark of success in the workplace, more and more companies are tearing out cubicles and private offices in favor of open floor plans with flexible furniture. The potential benefits of … Read More

Southfield reissues RFQ for downtown development

October 5, 2018 |

The city of Southfield is looking for qualified developers to build a mixed-use development at its vacant 8.15-acre “EverCentre” property.

This is the second time a request was issued by the city to build a downtown at the corner of … Read More

Office Vacancy Rate unchanged in Q3 to 16.6%

October 4, 2018 |

Reis reported that the office vacancy rate was unchanged at 16.6% in Q3, from 16.6% in Q2 2018. This is up from 16.4% in Q3 2017, and down from the cycle peak of 17.6%.

From Reis Economist Barbara Denham: Defying … Read More

Alpine Electronics of America Moving Headquarters to Auburn Hills From California

October 3, 2018 |

Alpine Electronics of America Inc., a manufacturer of in-vehicle infotainment systems, today announced plans to move its headquarters for the Americas to Auburn Hills from Torrance, Calif., effective April 19, 2019. Some 100 employees are expected to make the move.

Read More

FRIEDMAN’S DAN VERDERBAR SELLS A 7,440 SF OFFICE BUILDING IN LATHRUP VILLAGE, MICHIGAN

October 2, 2018 |

Farmington Hills, Michigan (October 2, 2018)  – Friedman Real Estate, one of the nation’s leading providers of commercial real estate services, recently sold a 7,440 square-foot office building located at 26401 – 26441 Southfield Road in Lathrup Village, Michigan. Village … Read More