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Bisnow Zooms In On Detroit Development: ‘It’s Cooler Today To Be A Detroiter Than A New Yorker’

September 21, 2017 |

For as much investment that’s been made in Detroit in recent years, the city’s development remains in the early innings, real estate experts said at a Bisnow forum Thursday.

Fernando Palazuelo, the Peruvian developer who’s tackling the sprawling 3.5-million-square-foot Packard Plant on … Read More

Cities recognized for redevelopment efforts

September 21, 2017 |

SOUTHFIELD/LATHRUP VILLAGE — Officials from Southfield and Lathrup Village were recognized recently by the Oakland County Board of Commissioners for making their cities better places to live, work and play.

At a Sept. 6 meeting, the board recognized both cities … Read More

Matt Shiffman has $75 million in Projects in Birmingham, Detroit

September 21, 2017 |

Passion for real estate runs in Matt Shiffman’s blood.

Now his Birmingham-based Alden Development Group LLC has more than $75 million worth of projects in Birmingham and downtown Detroit to complete.

The $45 million-plus Brookside Terrace on South Old Woodward … Read More

Amazon’s Grocery Threat Could Be a Real Estate Opportunity

September 21, 2017 |

Patient real estate investors stand to gain from the fears of disruption such as the one that rattled the grocery industry after Inc.’s takeover of Whole Foods, according to MetLife Inc.

The narrative about the death of brick-and-mortar retailers is … Read More

Robots Are Coming Online to Change Construction Forever

September 21, 2017 |

SAM is the construction worker who never takes a break. SAM never gets sick. SAM can lay approximately 100,000 bricks in a single month. Just don’t ask SAM to do corners.

Earlier this year, SAM—or a “semi-automated mason”—showed up … Read More

JPMorgan Chase extends urban renewal investments to Chicago

September 21, 2017 |

(Reuters) – JPMorgan Chase & Co will invest $40 million over three years in Chicago to revitalize neighborhoods, finance small business growth and promote job skills training, the bank said on Thursday.

The investment program in Chicago, where the bank … Read More

Landlords Try Turning Open-Air Shopping Centers Into Winter Hangouts

September 21, 2017 |

Landlords are turning to ice-skating rinks, fire pits and programmed entertainment to attract shoppers as foot traffic declines

Rendering of an ice skating rink on a pier at The Wharf in D.C., a $2 billion waterfront mixed-use development by Madison … Read More

Somerset Collection in Troy Announces New Retailers, Expanded Shops and Restaurants

September 21, 2017 |

The Somerset Collection in Troy today announced it is adding 15 new stores over the next year, bringing nearly 60,000 square feet of new retail investment to the state. Additionally, several signature stores at Somerset Collection have experienced expansions and … Read More