Galloway and Collens, PLLC
248-284-1990
248-284-1990

Commercial Real Estate Archives

Company let out of lease agreement for Grand Rapids parking ramp

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.

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 a hazardous substance, pollutant or contaminant."

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 been skeptical of these businesses opening in downtown areas, but recent efforts by the retailers to better suit the environment seem to be paying off.

Investors, national chains meet in Dearborn to talk development

We've been writing a lot about Detroit development both in the downtown area and in nearby suburbs. Investors are seeing a lot of potential in the low property prices in Detroit and the rest of Michigan and some are grabbing the opportunity to be the first in line for an improving local economy.

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, having a customized and comfortable space is an important way to support growth.

New senior housing developments planned along Detroit riverfront

One building is already underway and a second will begin construction soon for a new housing complex for seniors on Detroit's east riverfront. The second complex will break ground early next year and be open in spring 2014. The new complexes will add to a growing list of new residential and commercial property development happening in Detroit right now.

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 towards their long term interests and making sure that their office space can accommodate growth.

Whole Foods market holds promise for Detroit property development

Detroit residents are only about one year away from the grand opening of the first location of a national grocery chain in the downtown area. Building began last month on a Whole Foods location, which has many market watchers excited about other real estate development opportunities in Midtown Detroit.

Michigan legal decision could hurt commercial real estate owners

An appellate court in Michigan upheld a lower court's ruling that will allow debt holders to recover money from landlords who foreclose on commercial property. Bondholders are now able go after the personal wealth of commercial real estate owners to recover loans. In the past, lenders had no other recourse once the keys to the property were handed over.

  • Sterling
  • dbusiness - Top Lawyers
  • SuperLawyers 2019
  • Rainbow Image
  • Senior & Caregiver
  • ICLE Contributor
Email Us For A Response

Contact Our Metro Detroit Attorneys

Our law firm is ready to help. Contact the real estate and estate planning attorneys at Galloway and Collens, PLLC, by calling 248-284-1990.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

This site uses Google's Invisible reCAPTCHA, which is subject to Google's Privacy Policy and Terms of Use.

26075 Woodward Avenue Suite 200 Huntington Woods, MI 48070-1341 Phone: 248-284-1990 Fax: 248-545-2520 Huntington Woods Law Office Map