March 2014

March 2014

Detroit complex opens up to development proposals

As Detroit’s industrial real estate market continues to attract investors, more and more properties are coming to the forefront. According to reports, the city’s Planning and Development Department is now asking for proposals from developers for the old Herman-Kiefer Health Complex that has been empty since October 2013. The 526,000-square-foot

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Huge industrial complex sold in Michigan

A large industrial complex was recently sold in Michigan. According to the public details from the sale, the building is around 46,000 square feet, and it is located in Farmington Hills. The complex was sold by 200 Elm Realty, LLC, and the company that acquired the building was JR Investment

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Michigan residents may want to include pets in estate plan

When people sit down to decide what will become of their assets, they may think about bank accounts, homes, collectibles or even the fate of a family business. Many people already know that formulating a comprehensive estate plan is vital if there are kids involved. However, people in Michigan may

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Detroit industrial and office construction rebounding

If last years’ numbers are any indicator, new office and industrial construction is boosting the Detroit metro area’s commercial real estate market. According to CoStar Group Inc., a real estate information service, Oakland, Wayne, Livingston, Macomb and Washtenaw counties currently contain 8.5 million square feet of proposed industrial space construction

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Bright outlook for Michigan commercial real estate market

Colliers International|West Michigan gave attendees good news about the real estate market in Michigan during a breakfast held on Jan. 31. Commercial real estate in Western Michigan is growing, and this may mean that the market is on the upswing across the entire state. According to Colliers, the vacancy rate

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Reasons Michigan residents should prepare a will

People tend to put off anything related to estate planning, as it isn’t a subject many younger people like to think about. Anyone in Michigan over the age of 18, especially anyone with children, may benefit by preparing and executing a will. Those over 18 may also gain by looking

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Bedbugs cause landlord-tenant issues in Michigan apartments

Bedbugs are at the center of a landlord-tenant dispute in Michigan. According to reports, Greenbriar Apartments issued a notice to its tenants on Feb. 19 that maintenance would begin throwing out all furniture in residents’ apartments that was deemed infested by the insects. The notice, left under the door, stated

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Michigan resort at the center of dispute

Michigan’s Double JJ Resort — where the popular Electric Forest music festival is held — is at the center of an issue between SFX Entertainment and AEG Live. The Electric Forest festival started in 2008 when it was called Rothbury. Since the festival’s first inception, the property has been sold

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