Recent Detroit Housing News

'Friends and family' plan to grow Shinola
detroithousingmarket.com
... rests on D.C. action · Staebler's dual roles help facilitate closer Wayne State, TechTown relationship · HealthPlus reorganizes leadership team in wake of proposed Molina sale · HFZ and 'major' Detroit real estate company win Fisher, Kahn buildings ... [...]
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Ferndale IT company Creative Breakthroughs opening downtown Detroit office
detroithousingmarket.com
Oakland County Detroit Real Estate More +. Photo by CoStar Group Inc. Creative Breakthroughs is moving into the top three floors of 1260 Library St. Ferndale-based Creative Breakthroughs Inc. is opening an office in nearly 10,000 square feet of space ... [...]
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Redico is local partner buying Fisher, Kahn buildings for $12.2 million
detroithousingmarket.com
Redico LLC is the local joint-venture partner with a New York City real estate company that is purchasing the Fisher Building and Albert Kahn Building in Detroit's New Center area. Sources told Crain's that the Southfield-based developer and HFZ ... [...]
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Top companies with most blighted Detroit foreclosures
detroithousingmarket.com
The bank maintains it only acted as a trustee for groups of investors who owned Detroit properties and that typically separate servicers handled the foreclosures. Response: "As trustee, Deutsche Bank has no financial stake in these properties nor is it ... [...]
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HFZ and 'major' Detroit real estate company win Fisher, Kahn buildings auction
detroithousingmarket.com
A joint venture between New York City-based HFZ Capital Group and an unidentified major Detroit real estate company was winning today's auction of the Fisher Building and Albert Kahn Building, according to a real estate source. Crain's reported on ... [...]
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Volume of abandoned homes 'absolutely terrifying'
detroithousingmarket.com
Detroit — Detroit has had more homes foreclosed in the past 10 years than the total number of houses in several suburbs — or all of Buffalo, New York. Since 2005, more than 1-in-3 Detroit properties — 139,699 of 384,672 — have been foreclosed ... [...]
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Oxford Cos. acquires McMullen portfolio in $102 million deal
detroithousingmarket.com
... and 'major' Detroit real estate company win Fisher, Kahn buildings auction · UM awards Taubman Prize, $100K to Emory U. researcher · Auction of Fisher, Kahn buildings draws $12.2 million high bid · Oxford Cos. acquires McMullen portfolio in $102 ... [...]
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NY Group and Detroit Real Estate Firm Buy Fisher-Kahn Buildings for $12.2M
detroithousingmarket.com
Update -- Thursday, 12:01 a.m.: Kirk Pinho of Crain's Detroit Business reports that a joint venture between New York City-based HFZ Capital Group and an unidentified major Detroit real estate company won the auction Wednesday for the Fisher Building ... [...]
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Manhattan Residential Price Increase Led by Luxury Segment
detroithousingmarket.com
... Townhome Development in Baton Rouge · Vacant Warehouse in South Kensington to Become Mixed-Use Building · Iconic Office Property Could Be Redeveloped in Dire Office Market · Detroit Housing Market Receives Extra Help From Local Companies ... [...]
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At least 32000 Wayne County properties likely headed to auction in the fall
detroithousingmarket.com
After months of outreach and efforts to avoid a massive foreclosure crisis, more than 32,000 Wayne County properties are still on track for the county's annual property tax auction in the fall. That's 32,629 properties county-wide, according to the ... [...]
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Cities And Money: Auctioning Detroit's Historic Buildings
detroithousingmarket.com
Two of Detroit's best known buildings are being auctioned this week. The Fisher Building and the Albert Kahn Building are linchpins of the city's New Center district north of downtown. They sit across from another Detroit landmark, the original General ... [...]
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Pistons sign corporate sponsorship deal with fantasy sports site FanDuel
detroithousingmarket.com
The Detroit Pistons are one of 13 National Basketball Association clubs to announce corporate sponsorship deals today with New York City-based daily fantasy gaming giant FanDuel Inc. The Cleveland Cavaliers, owned by Detroit real estate industrialist ... [...]
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Fisher, Kahn buildings viewed as possible multifamily sites
detroithousingmarket.com
Detroit Real Estate City of Detroit Detroit 2.0 More +. Photo by COSTAR GROUP INC. Sources have estimated that the Albert Kahn Building, like the Fisher Building, will fetch $20 to $30 a square foot at auction this week. That would make the purchase ... [...]
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Get the most bang for your buck in seasonal spending
detroithousingmarket.com
During May, sales in the Metro Detroit real estate market were up 1.1 percent. The median sale price soared from $135,000 to $155,000, a gain of 14.8 percent — and the highest prices since June 2006, more than a year before the housing meltdown that ... [...]
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TIAA-CREF Buys 132-Unit MF Complex in Redwood City, Calif. for $83M
detroithousingmarket.com
The seller was a joint venture between Sares Regis Group of Northern California and institutional investors advised by J.P. Morgan Asset Management; this JV was also the property's developer. The sale closed May 13, IPA vice president/investments ... [...]
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A hurricane without water: Detroit's foreclosure disaster
detroithousingmarket.com
In early 2015 the Wayne County Treasurer's office announced that this year 62,000 Detroit properties will be slated for foreclosure, with probably 38,000 occupied. This could result in the displacement of as many as 100,000 Detroiters, or about one ... [...]
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Bidding starts at $3.5M for Detroit's Fisher and Kahn buildings
detroithousingmarket.com
Dan Gilbert, Quicken Loans Founder and Detroit real estate mogul, recently bought up close to 2,000 parking spaces in the New Center neighborhood, but hasn't publicly expressed interest in the buildings. The Fisher opened in 1928. It houses the Fisher ... [...]
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Buying up Motown
detroithousingmarket.com
“Downtown Detroit's housing market has been in a slump for a long time,” one weibo user wrote. “It's a famous ghost town and it's frightening there”. Nanfang Daily also noted that buying property in the United States incurs costs other than the ... [...]
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HUD Mortgage Sale Could Help Thousands of FHA-Insured Borrowers but …
detroithousingmarket.com
HUD selling 9,400 mortgages The U.S. Department of Housing and Urban Development has begun selling off thousands of seriously delinquent mortgages insured by the Federal Housing Administration, a move that could save many distressed borrowers ... [...]
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abandoned buildings detroit for sale – neryperceu's diary
detroithousingmarket.com
abandoned buildings detroit for sale - Apr 15, 2014 · PHOTO A home for sale in Detroit for 1000 through the Building Detroit organization. Abandoned Detroit Homes for Sale (98. Detroit photographer Kevin Bauman took ... [...]
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Could the Fisher or Kahn buildings be primed for multifamily conversion?
detroithousingmarket.com
Crain's Detroit Business is a metered site. Print and digital subscribers have unlimited access to stories, but registered users are limited to eight stories every 30 days. After viewing three metered stories, you'll be asked to register or log in ... [...]
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5 Surprises About Detroit's Housing Market
detroithousingmarket.com
Although many homes remain underwater in Detroit due to a slower housing recovery, a lot of great things are happening in Motor City — and residents are more hopeful than they've been in years. A tour of neighborhoods and a panel discussion with ... [...]
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Could Fisher or Kahn buildings be primed for multifamily conversion?
detroithousingmarket.com
With the Fisher and Albert Kahn buildings in Detroit's New Center headed to auction in just five days, chatter is ramping up about who will be in the running to buy them — and what will be in store for the combined 925,000 square feet of office space ... [...]
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Want to own a piece of Motown history? Berry Gordy's former palace hits the …
detroithousingmarket.com
Gordy's home is “a trophy property, ” said Detroit real estate broker Austin Black of City Living Detroit. It sits in the Boston-Edison neighborhood amid mansions built for automotive executives and the founder of the Kresge discount chain. Yet not ... [...]
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A hurricane without water: Detroit's foreclosure disaster
detroithousingmarket.com
In early 2015 the Wayne County Treasurer's office announced that this year 62,000 Detroit properties will be slated for foreclosure, with probably 38,000 occupied. This could result in the displacement of as many as 100,000 Detroiters, or about one ... [...]
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Here's the starting lineup – and the marketing plan – for the Pontiac …
detroithousingmarket.com
Detroit real estate fans, meet your starting lineup! The Southfield office of CBRE Inc. has a four-person brokerage team marketing the Pontiac Silverdome for sale, a move that I'm told is “not too common” but is a good idea for sales of large, high ... [...]
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Detroit's 'Dinosaur Buildings' are in need of saviors
detroithousingmarket.com
So much has happened to downtown Detroit real estate the past four years that some might assume there are few derelict buildings left to renovate. Yet amid the latest construction activity around Capitol Park and celebrity-studded grand openings on ... [...]
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Travis County investigating possible homicide near Leander
detroithousingmarket.com
via Forbes. 5 Surprises About Detroit's Housing Market · via Forbes. Wikipedia Is Now Using HTTPS By Default To Prevent Snooping And... Andrew McLemore. American-Statesman Staff. Travis County investigating possible homicide near Leander. 5:59 p.m. ... [...]
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An $8200 Detroit house gets the ultimate makeover by a group of millennials
detroithousingmarket.com
It's no secret that the Detroit housing market hasn't recovered from its real estate market collapse, so finding homes as cheap as $100 has created opportunity for many who have big aspirations but small budgets. Venture for America (VFA) is using that ... [...]
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How soon can I buy a home after filing bankruptcy, … | Zillow
detroithousingmarket.com
Canton Homes For Sale · Dearborn Heights Homes For Sale · Dearborn Homes For Sale · Detroit Homes For Sale · Lincoln Park Homes For Sale · Livonia Homes For Sale · Plymouth Township Homes For Sale · Redford ... [...]
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New Austin program aims to help get vets working
detroithousingmarket.com
via Forbes. 5 Surprises About Detroit's Housing Market · Claudia Grisales. American-Statesman Staff. New Austin program aims to help get vets working. 12:45 p.m. Wednesday, Sept. 10, 2014 | Filed in: Business. Comments 0. . MyStatesman · Get complete ... [...]
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10 'Dinosaur Buildings' in Detroit in need of saviors
detroithousingmarket.com
So much has happened to downtown Detroit real estate the past four years that some might assume there are few derelict buildings left to renovate. Yet amid the latest construction activity around Capitol Park and celebrity-studded grand openings on ... [...]
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Celebrity Home Stager Creates Extraordinary Dwellings
detroithousingmarket.com
Most interior designers aim to create a perfect living space for long-term use and comfort. But a whole slew of interior designers known as “stagers” do just the opposite: they stage homes for sale, adding the perfect elements to create a vision of an ... [...]
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Wayne County seeks broker for Guardian Building, two other properties downtown
detroithousingmarket.com
Wayne County Detroit Real Estate Detroit 2.0 More +. Photo by CoStar Group Inc. The Guardian Building, with the Detroit Savings and Loan building at 511 Woodward Ave. in the foreground. Wayne County has issued a request for proposals for a brokerage ... [...]
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Two billionaires face off in Detroit, offer advice
detroithousingmarket.com
Joining him on stage in the College of Creative Studies auditorium was local businessman Dan Gilbert, 53, the founder of Quicken Loans, major investor in Detroit real estate and owner of the Cleveland Cavaliers NBA team. The fellow billionaires -- both ... [...]
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Man gets gored in rear end at bull running event
detroithousingmarket.com
via Forbes. 5 Surprises About Detroit's Housing Market · via Forbes. Wikipedia Is Now Using HTTPS By Default To Prevent Snooping And... via The Wall Street Journal. Ellen Pao Fires Back at Kleiner in Court Costs War of Words. Cox Media Group National ... [...]
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5 Surprises About Detroit's Housing Market
detroithousingmarket.com
Places & Spaces 6/12/2015 @ 5:01PM 511 views. 5 Surprises About Detroit's Housing Market. Zillow , Contributor. Comment Now. Follow Comments Following Comments Unfollow Comments. Although many homes remain underwater in Detroit due to a ... [...]
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Bert's Warehouse building in Eastern Market on the auction block next month
detroithousingmarket.com
... building at Beaubien Street and East Grand Boulevard in Milwaukee Junction, perhaps best known for its psychedelic mural on its side. Detroit real estate consultant Ryan Snoek is coordinating the auction of the Bert's building, located at 2727 ... [...]
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Wayne County extends foreclosure deadline, as protesters call for moratorium
detroithousingmarket.com
According to the most recent preliminary data, about 26,000 of those Detroit properties were still headed for foreclosure as of Monday. About 10,000 are believed to be occupied, with a little under half of them owner-occupied. But many activists and ... [...]
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City Of Detroit Employees Get Unique Mortgage Opportunity
detroithousingmarket.com
According to Mayor Duggan, the new Flagstar mortgage program shows that another major lending institution is demonstrating its confidence in the Detroit housing market. “Every day, we are seeing increasing interested among people who want to live in ... [...]
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Foster: Gores expects Tellem hire to impact city
detroithousingmarket.com
Auburn Hills — Look for Pistons owner Tom Gores and Platinum Equity to dip their toes further into the potentially lucrative Detroit real estate market and promote initiatives to help the poor. The hiring of superagent Arn Tellem as vice chairman of ... [...]
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Alidade Capital buys Madison Office Building across from Wayne County Jail site
detroithousingmarket.com
A Bloomfield Hills private equity firm has purchased the Madison Office Building at 1900 St. Antoine St. downtown. Alidade Capital LLC purchased the mortgage note on the 106,000-square-foot building, which was previously owned by Southfield-based Etkin ... [...]
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Building with 'bleeding rainbow' mural in Milwaukee Junction up for auction …
detroithousingmarket.com
The auction of those buildings, which total 925,000 square feet, is generating a lot of attention in the Detroit real estate world. Lester said the auction of his building, if it ends up taking place, could attract bidders who are unsuccessful in the ... [...]
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DRA, Cypress Pay $41M for Sorrento Mesa Office Portfolio; NBC 7 Seals Move …
detroithousingmarket.com
In yet another busy week for San Diego office investment market, details emerged of two deals totaling $50 million in value. In the larger of the two transactions, DRA Advisors L.L.C. and Cypress Office Properties L. L.C. acquired four properties in ... [...]
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House bargains in Detroit can still be found even as prices rise
detroithousingmarket.com
For more information about how to invest in the Detroit housing market, please visit www.TedThomas.com. ABOUT TED THOMAS – Ted Thomas is a national expert in short sales and investing in distressed real estate. Based in Merritt Island, FL., Mr. Thomas ... [...]
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Alidade Capital buys Madison Office Building across from jail site
detroithousingmarket.com
A Bloomfield Hills private equity firm has purchased the Madison Office Building at 1900 St. Antoine St. downtown. Alidade Capital LLC purchased the mortgage note on the 106,000-square-foot building, which was previously owned by Southfield-based Etkin ... [...]
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