Real Estate News
05/20/12 Median sale prices for residential homes in metro Detroit climbed to $70,000 in April from $59,000 in April 2011, according to data released by Farmington Hills-based Realcomp II Ltd. In a separate report, the Building Industry Association of Southeast Michigan said 264 single-family home permits were issued in Macomb, Oakland, Wayne and St.
05/20/12 Developers will again be courted to find a new use for the former Michigan State Fairgrounds property near Eight Mile Road and Woodward Avenue in Detroit.
SECOND STAGE EXTRA
05/20/12 A $5.5 billion housing development in Iraq to be built in part by Michigan companies is making progress on an important front: financing.
05/18/12 Developers will be courted, once again, to find a new use for the former Michigan State Fairgrounds property near Eight Mile and Woodward in Detroit.
05/18/12 A total of 264 single-family home permits were issued in Macomb, Oakland, Wayne and St. Clair counties in March, a 58 percent increase from February — and more than in any other month since 2007, according to an analysis by the Building Industry Association of Southeast Michigan.
05/17/12 The shovels are in the ground for the long-fought-for Gateway Marketplace shopping center, a 350,000 square-foot development at Woodward Avenue and 8 Mile Road.
05/15/12 A real estate brokerage representing Fresard Investments LP is shopping plans for an eight-story hotel in Royal Oak to the city's Downtown Development Authority to gauge its interest in the project.
05/14/12 Sale prices for residential homes in metro Detroit have continued to climb, while the number of sales has dropped, according to data released today.
05/13/12 A big idea that would transform 300 acres near Milan into a housing development for Chinese immigrants faces some major roadblocks.
05/10/12 The real estate investment firm Oxford Cos. in Ann Arbor will be branching out of commercial real estate with the acquisition of the residential firm Arch Realty.
FOCUS: REAL ESTATE
05/06/12 LANSING -- Business groups disagree over the financial and regulatory impact of legislation that proposes to change how often the state updates its construction code.
FOCUS:REAL ESTATE
05/06/12 After so many years at the bottom of the pile, Michigan's construction industry is now in a happy place: the middle.
FOCUS:REAL ESTATE
05/06/12 The Detroit-area hotel market continues to show steady improvement, with new hotels under construction or planned. Projects in Detroit, Novi and Ann Arbor -- and a possible development in Birmingham -- highlight the trend.
05/06/12 The Toronto-based investor who bought the Pontiac Silverdome in 2010 has purchased the historic Penobscot Building in Detroit.
05/02/12 PricewaterhouseCoopers LLP announced this afternoon that it has signed a letter of intent to take over 70,000 square feet of space in One Detroit Center and move out of its current location in the Madison Office Building at 1900 St. Antoine St. near Greektown.
04/30/12 Say goodbye to the Dime Building.
04/29/12 A truck terminal in Troy that has been vacant for more than a decade is being repurposed by Thomasville, N.C.-based Old Dominion Freight Line Inc.
04/29/12 Taubman Centers Inc. has announced plans to work with one of the nation's largest privately held real estate companies on a $315 million mall in Sarasota, Fla.
04/27/12 Following strong first-quarter earnings, Taubman Centers Inc. this week announced plans to work with one of the nation's largest privately held real estate companies on a $315 million mall in Sarasota, Fla.
04/25/12 Detroit's Downtown Development Authority is set to name the developer today of the Capitol Park project, the redevelopment of three vacant buildings near the Westin Book Cadillac hotel.
FINANCE EXTRA
04/22/12 Big changes are afoot for the growing mortgage company formerly known as Shore Mortgage Financial Services Inc.
04/22/12 Visteon Corp.'s sale of its headquarters building in Van Buren Township isn't just a benefit for the company. It's being viewed as a good sign for metro Detroit real estate transactions as well.
04/19/12 After months of meetings to sway city officials, Goodwill Industries of Greater Detroit on Wednesday night received approval to put its second upscale thrift store in Dearborn.
04/17/12 Visteon Corp. announced today that it has sold its Van Buren Township headquarters to the New York real estate firm Sovereign Partners LLC for $81.1 million.
04/16/12 Two reports issued today show signs of a recovering housing market.
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WEEK ON THE WEB: Positive news moves in to residential real estate