Regions Midwest | Detroit
Economic Update - Seismic Shifts in Auto Industry Have CRE Implications
June 02, 2009
Monday was an historic day in Detroit, and arguably for the entire U.S. manufacturing sector, even though GM's formal announcement of bankruptcy, along with President Obama's promise for more than $30 billion for a company in which the U.S. Government will soon own a controlling interest, weren’t surprises. A little more surprising (only a little) was the quick approval by Chrysler's bankruptcy judge of the sale of most of its assets to a group led by Fiat SpA, meaning that the Detroit automaker will continue to exist in one form or another, albeit with Italian bosses. But the fact that both events happened the same day is an unusual coincidence indeed.
Downtrodden Detroit to Get $145M Arts Center
May 12, 2009
While office builders and the like struggle to obtain money for projects in the midst of the credit crunch, the College of Creative Studies in Detroit has managed to secure $145 million for the transformation of the long-vacant Argonaut Building (pictured) into a facility to house its second campus, as well as an arts-centric middle school and high school.
Economic Update - Uncertain Future for Big 3 Vexes Detroit RE
April 14, 2009
Detroit has been edging back into the news lately, as the U.S. Department of Treasury is reportedly sidling the auto giant GM toward a late springtime bankruptcy. For Detroit real estate markets, that might actually be a positive of some kind, since it would clear away some of the uncertainty that's been hanging over the market since the Big Three were double-punched by the oil-price bubble and the recession.
Industrial Team Joins Grubb & Ellis Detroit Office
March 09, 2009
Grubb & Ellis Co. announced that Rob Hughes has joined the company’s industrial group as senior vice president, bringing with him a two-person team. Hughes joins the firm from Colliers International Detroit, where he was a vice president and associate broker.
Comprehensive Detroit Real Estate Market Analysis
There are a wide range of real estate magazines published each month but only one can provide comprehensive real estate news that commercial real estate developers can rely on- Commercial Property News. This industry-leading real estate magazine covers all the developments in the real estate market happening everywhere in the world.
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