Maplegrove Property Management LLC, a Michigan real estate and property management firm, has finalized a deal to purchase a senior living facility and apartment complex in Ludington. The property management firm will now control the entire housing community, which boasts 172 individual apartments along with an independent senior residential facility.
Indian tribes who build casinos on unused land often find it to be a profitable endeavor. A land use battle is taking place in Michigan over non-reservation land. The Sault Ste. Marie Tribe of Chippewa Indians wants to build casinos on the land. However, a former U.S. congressman, who wrote
According to the real estate analysis firm Zillow, the number of cash real estate purchases has been dropping, even in Detroit, Michigan. This trend of cash purchases and sales being less prevalent can be seen all over the nation. It may be a sign that investor activity is fading and
Broaching the topic of estate planning can be somewhat uncomfortable for many people. However, it is better to have these plans in place long before they are needed in order to ensure that end-of-life decisions are handled accordingly. Estate planning covers various subjects from creating a will to appointing a
Another prime piece of Michigan commercial real estate has been taken off the market. The sale of the CPA Building in Detroit’s Corktown was apparently closed at the end of May. The 11,000-square-foot property was on the market for more than 11 years before it sold. The property is located
Commercial property sales have continued to show signs of economic strength this year, according to the Federal Reserve. The Fed issued a report on June 4 regarding the current state of the United States economy in various districts across the nation. Hopefully, some of the favorable commercial property activity referenced
A mobile home park near Flint, Michigan, has no water, as it has been shut off by the city. This leaves all of the tenants who pay for their spaces in the park without basic functionality for drinking, cooking and bathing. However, the fault seems to lie entirely with the
Home prices in Michigan have increased a full 11.3 percent in April as compared to last year. Nevertheless, according to statistics related to purchases and sales of real estate, price gains have been slowing this year and sales may be faltering. Indeed, the 11.3 percent increase is the lowest annual
Ensuring that everything is in order before purchasing a commercial real estate site is crucial to avoiding surprises down the road. When real estate transaction disputes do tie up a sale or prevent the planned development, as in the following case, property owners may need to enlist the court system
Many people wrongfully assume that they do not need to think about such things as estate planning if they are just starting out or do not have a great deal of valuable assets. Yet, anyone in Michigan who has children would be wise to make estate planning a priority. Also,
There are a number of important questions that individuals can ask before selecting a real estate agent. By asking these questions, Michigan investors can evaluate whether a particular agent is appropriate to represent them in their purchases and sales. Indeed, having the right representative on one’s side can often mean
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