Commercial Real Estate

Recent litigation could halt mall project on east coast

Though thousands of miles away from residents here in Michigan, a case out of New Jersey this month highlights the very complexities of real estate law we talk about every week on this blog. The case in question revolves around a contract dispute between a development company and several New

Read More »

Deed issues a hold up for downtown Kalamazoo property

When downtown Kalamazoo officials announced PlazaCorp Realty Advisors Inc.’s plans to purchase–and perhaps reinvest–in the land and buildings along the west side of the 200 block of Rose Street, there may have been some trepidation among some of the current tenants.  That’s mainly because there was no word of what

Read More »

Detroit approves memorandum for new Red Wings stadium

Hockey fans in Michigan rejoiced this month after the city of Detroit announced that it had approved a memorandum of understanding to build a new home for the Red Wings in the downtown area. The $650 million project is expected to cover approximately 45 blocks from Grand Circus Park to

Read More »

Should cities rethink building codes after serious storms?

It seems like every time you turn on the news lately, another storm is barreling across the country.  From Hurricane Sandy to the deadly tornados striking the Midwest, rebuilding communities will be a top priority for survivors.  But with so much destruction comes the question of whether new constructions should

Read More »

Michigan State University dormitory demolition continues

Morrill Hall has been a prominent feature on the campus of Michigan State University since 1900 when the building was built.  Housing the first female dormitories, it’s considered to be the oldest structure still standing on campus.  But after several inspections revealed that its wooden structure had deteriorated beyond repair,

Read More »

Arbor Hills to become newest shopping district in Ann Arbor

Back in 2006, the Ann Arbor City Council approved a plan for an ambitious 138,000-square-foot retail and residential project called The Shops at Arlington. The project was to replace vacant commercial buildings and a former car dealership in an attempt to redevelop a growing area. But when the economy tanked,

Read More »

A new way to look at retirement life

When most people in Michigan think about retirement-living communities, their brains tend to conjure of images of retirement homes with bland food and décor that appears to have hit its stride 30 years ago. But with new ideas about what retirement life should really be like sweeping the nation in

Read More »

Federal government fines company for violating Clean Water Act

Passed in 1972, the Clean Water Act, also known as the Federal Water Pollution Control Act Amendments of 1972, was considered to be a radical departure from previous federal water-quality legislation because it transformed how society viewed their impact on the environment on a whole. Section 404, which focuses specifically

Read More »

Old buildings, new purposes: Renovating Michigan’s past

Many Huntington Woods residents don’t usually think about the goings-on in the Upper Peninsula unless we’re making plans for a vacation getaway. But when the Keweenaw Peninsula isn’t being visited by vacationers from the Lower Peninsula, many of the towns up north are thriving communities; this could be due in

Read More »

Out-of-state investors helping to boost commercial real estate

There’s no doubt that commercial real estate market took a massive hit during the most recent recession. With so many companies going out of business, many shops and store fronts across the state, including here in Huntington Woods, were left vacant and unused. But according to some mortgage brokers, out-of-state

Read More »

US government discusses new location for FBI headquarters

At the risk of sounding mean or insensitive, it’s nice to hear that, when it comes to commercial real estate disputes, Michigan is not the only state that has difficulties it needs to work out. According to the United States government, Virginia, Maryland and the District of Columbia join the

Read More »

What you need to know about tenant eviction

Thousands of people across the state of Michigan are currently renting a property, and all of those people have more than likely signed some form of a lease agreement with their landlord. But there is the very likely possibility that a majority of those people did not read all of

Read More »

Site for bank slated to become new apartment building

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 the motto:

Read More »

Breathing new life into Michigan brownfield sites

A bill proposed by Michigan state legislator Mike Kowall (R-White Lake Township) aims to breathe new life into the state’s many “brownfield sites.” According to the environmental protection agency’s (EPA) website, a brownfield site is one that is not easily repurposed, reused or expanded upon due to the “presence of

Read More »

Lehman Brothers Detroit properties on the market

The investment bank Lehman Brothers, which declared bankruptcy in 2008, is working to sell its commercial property holdings in the Detroit area. Among the real estate holdings that Lehman is looking to sell is an officer tower that overlooks Detroit’s riverfront and the border with Canada. The company will also

Read More »

Urban landscape changes as retail chains move in

Big box stores like Target and Walmart have been making headlines recently as new locations of the traditionally suburban warehouse stores are popping up in cities. The stores are smaller in size and designed differently and carry different merchandise that is packaged differently than suburban stores. Urban shoppers have previously

Read More »

Government backed loans help small businesses to own space

Many small business owners don’t know that there are government-backed loans available for commercial property purchases. The program has been around since 1959 but has recently gained new traction among small business owners looking to improve their commercial space. Especially for owners who invite customers and clients into their offices,

Read More »

Real estate industry keeps an eye towards new workspace trends

In our last post we discussed the revitalization of the downtown Detroit area and new development that is happening there. In addition to the introduction of national retail chains, many local and national businesses are moving into office spaces in Detroit. While space is plentiful now, many businesses are looking

Read More »

Archives

Archives

Let Us Know Your Concern