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Hurricane Sandy’s effect on the housing market could mean big problems

On Behalf of Galloway and Collens, PLLC | Oct 31, 2012 | Commercial Real Estate

People trying to sell their homes in Michigan within the last few years can tell you how difficult it's been. After the housing bubble burst, property value dropped drastically giving the nation's housing market the lowest prices it's seen in several decades.A...

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Knowing estate tax changes could result in enormous savings

On Behalf of Galloway and Collens, PLLC | Oct 30, 2012 | Estate Planning

Estate planning can be a complex process, and when the assets involved in an estate are of high value, it's especially critical to understand all the ways taxes can affect one's estate. That's especially true as 2012 comes to a close, because major changes in gift and...

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Site for bank slated to become new apartment building

On Behalf of Galloway and Collens, PLLC | Oct 26, 2012 | Commercial Real Estate

For people in Michigan, we're used to city skylines changing. We're used to seeing buildings go up only to be torn down decades later to become something new. And with space at a premium in most major cities, re-using existing space has become the new poster child for...

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Two hundred seventy-six acres of land ready for mall construction

On Behalf of Galloway and Collens, PLLC | Oct 24, 2012 | Real Estate Transactions

In Michigan, and other states across the nation, the recession not only affected people but businesses as well. Many struggling business owners found it difficult to keep their shops open thus adding to the bleak outlook for the market.For many towns, even malls took...

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Michael Lohan to seek conservatorship for daughter Lindsay

On Behalf of Galloway and Collens, PLLC | Oct 23, 2012 | Probate Litigation

A conservatorship can be a useful tool for families who have a loved one who may no longer be able to make decisions in their own best interests. Usually these situations arise from an elderly person who may be suffering from dementia, such as Alzheimer's disease or...

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Company let out of lease agreement for Grand Rapids parking ramp

On Behalf of Galloway and Collens, PLLC | Oct 19, 2012 | Commercial Real Estate

When the city of Grand Rapids sold the Comerica building to the Chicago-based real estate firm Franklin Partners, the city knew that they would be needing parking spaces for all of the new employees that would be working in the building.Originally, 275 parking spaces...

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Rising real estate market could mean change in price negotiations

On Behalf of Galloway and Collens, PLLC | Oct 17, 2012 | Real Estate Transactions

During the recent recession, hundreds upon thousands of people in Michigan and across the nation watched as housing prices plummeted. With people foreclosing on houses left and right it seemed that it was going to be a buyer's market for quite some time.But now, with...

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Kevorkian estate reaches deal over disputed artwork

On Behalf of Galloway and Collens, PLLC | Oct 16, 2012 | Probate Litigation

The estate of former Michigan resident Jack Kevorkian recently settled with a museum over the ownership of artwork painted by notorious doctor. Having a trustworthy executor who can solve legal disputes such as these during estate administration is important.The...

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Saving restaurants through investment

On Behalf of Galloway and Collens, PLLC | Oct 13, 2012 | Real Estate Transactions

When you go hiking in the woods, generally there are no paths, there may not be any signs to guide you on your way and usually you're navigating without a map or a sense of direction. You know the road ahead will be dangerous, there will be risks, and sometimes you...

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What regulations should there be on personal ice rinks?

On Behalf of Galloway and Collens, PLLC | Oct 11, 2012 | Real Estate Litigation

With winter fast approaching, many hockey and skating enthusiasts in the state of Michigan are already coming up with ideas for this year's backyard ice rinks. For many avid fans of winter, there may even be plans to make a rink large enough for the entire...

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