May 2014

Michigan office building sells for close to $2 million

A four-story office building in Detroit’s central business district sold for close to $2 million on May 6. The seller was asking $1.95 million for the 15,000-square-foot property, according to CoStar Group Inc. One of the buyers reported that the Library Street building sold for somewhere between $1.6 million and

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3 new tenants announced for the Z

Detroit is adding three more tenants to the Z building downtown, evidence that commercial tenants are still looking for space. The commercial building, so named for its zigzag shape that spans from the corner of Library and Gratiot to the corner of East Grand River and Broadway, offers 10 floors,

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Michigan families need estate plan for digital assets

Estate plans essentially outline the fate of one’s personal belongings and other assets, such as bank accounts and investments. As technology continues to grow by leaps and bounds, it is becoming more important to think outside of the box when it comes to estate planning. Simply put, it is about

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Michigan city considers crime-free leases

When you read a lease agreement in one Michigan city, you might be surprised at some point in the future what can get you immediately evicted. An ordinance has been proposed that would include a crime-free clause in a lease agreement. While the new ordinance hasn’t passed yet and is

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Bills to deal with bedbug problems proposed in Michigan

Disputes between Michigan landlords and their tenants centered around bedbugs have been a more frequent media occurrence of late. Landlords want to protect their investments but also have to balance that with respecting the rights of their tenants. Current Michigan law does not mention bedbugs, which are becoming a presence

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Proposal for Michigan apartment complex sparks dispute

The city of Houghton, Michigan, is finding itself on the defending end of an allegation that it violated the Open Meetings Act with regard to a proposal for the development of an apartment complex. The hearing was held on April 29 in Houghton County Circuit Court. The suit, brought against

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2 Michigan apartment complexes sold to joint venture

A joint venture between Hayman Co., and Belfor Holdings Inc., recently purchased two Michigan apartment complexes with a total of 1,022 units. The units, both one- and two-bedroom apartments, range from approximately 700 to 1,200 square feet. The two complexes part of the deal, The Pines of Cloverlane and Hamptons

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