Recent Detroit Housing News

Bedrock CEO hints new retailers coming to Downtown Detroit
detroithousingmarket.com
Gilbert added the David Stott building, along with the Clark Lofts, to his Detroit real estate empire earlier this month. Both are part of Bedrock's growing effort to develop places for people to live in the city. Ketai said the Art Deco Stott building ... [...]
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Chicago firm seeks investors in Detroit housing
detroithousingmarket.com
MACKINAC ISLAND — A Chicago-based real estate investment management company with ties to Detroit is seeking investors for a $200 million fund to invest in multifamily real estate in downtown Detroit. Capri Investment Group LLC began seeking ... [...]
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Regression Analysis: Thousands of Detroit Properties "Revert" Back to …
detroithousingmarket.com
As of today, May 26, thousands of Detroit properties will slip soundlessly from private to government ownership through a little-known aspect of the tax foreclosure process known as "reversion." It's all part of the new normal for post-bankruptcy ... [...]
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Dan Gilbert almost bought Milwaukee Brewers instead of Cleveland Cavaliers
detroithousingmarket.com
That estimate is generated not only by Quicken and his Detroit real estate holdings, but his other entertainment ventures. Gilbert's Rock Gaming LLC is an equity partner with Caesars Entertainment Corp. in a venture called Rock Ohio Caesars LLC that ... [...]
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Ann Arbor construction company shows off downtown Detroit high-rise renovation
detroithousingmarket.com
... project has been a years-long effort for Beal and the other investors in the project, as they came up with the vision then navigated various approvals - including historic preservation tax credits - and the recession, which hit the Detroit housing ... [...]
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Midtown boom starts to shake up New Center
detroithousingmarket.com
Robert Gibbs, managing principal of Birmingham-based Gibbs Planning Group Inc., said that although there are only around 25,000 residents in the three-mile radius surrounding the new Midtown Detroit properties, the strength in the area is in its office ... [...]
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655 Morris Will Bring 176 Units of Affordable, Energy-Efficient Housing in the …
detroithousingmarket.com
Ground Broken for Yonkers Workforce Housing · Detroit Housing Market Receives Extra Help From Local Companies · Ambling University Development Plans Major Apartment Community in Pittsburgh · Old Fire Station in Downtown Detroit to Become The ... [...]
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Gilbert adds 1800 New Center parking spaces to real estate portfolio
detroithousingmarket.com
Dan Gilbert Detroit Real Estate Detroit 2.0 More +. Photo by Google Street View The 1,300-space Lothrop Parking Garage is under contract to Bedrock Real Estate Services LLC. ◁. ▷. Dan Gilbert has added approximately 1,800 parking spaces to his real ... [...]
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Joseph Pede Poetry: SouFun
detroithousingmarket.com
Courtesy SouFun. Detroit homes for sale on the SouFun website each with a $10,000 price tag. Chinese interest picked up steam after a TV report claimed that homes in Detroit could be bought for the price of a pair of shoes. [...]
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Gilbert buys David Stott, Clark Lofts buildings from Chinese investors
detroithousingmarket.com
Dan Gilbert Detroit Real Estate City of Detroit Detroit 2.0. Photo by CoStar Dan Gilbert's Bedrock Real Estate Services LLC purchased the Clark Lofts building in Capitol Park in Detroit. The deal closed Friday. Add the David Stott Building and the ... [...]
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In arena talks, Detroit City Council is doing its job
detroithousingmarket.com
The Detroit City Council's responsibility to the city and its residents is to ensure that the city's money is well spent. To be sure that its developments are sustainable and in the best interests of both the city's economic future and its residents ... [...]
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New App Asks Detroiters to Air Their Municipal Grievances
detroithousingmarket.com
With a new smartphone app, the City of Detroit is asking residents an unusual question: How can I help you? Known as Improve Detroit, the app is a Detroit-specific version of SeeClickFix, a service used in thousands of cities to report and track ... [...]
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Crumbly Castle & Abandoned Bank Pitch Rehab Plans
detroithousingmarket.com
We seldom miss the monthly thrill-ride know as the Detroit Historic District Commission, and tonight's agenda could be a doozy. Three major rehabs are being proposed for buildings in TechTown, Midtown, and West Village. A couple are familiar, including ... [...]
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Four Tax Auction Properties' Combined Sales Top $1 Million
detroithousingmarket.com
Updates on the Wayne County Tax Auction have been trickling in this week as closing ended on Wednesday. It appears there are at least four big-ticket items this time around, which combined, sold for just over $1 million. All are focused in or around ... [...]
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Nearly 300 Properties Sold In Tax Auction Are Occupied
detroithousingmarket.com
When you buy in the Wayne County tax auction, your property might just come along with a resident. In some cases these will be the former owners who lost the property to foreclosure, but it also happens that residents of tax auction properties are ... [...]
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Woodbridge Listing Reveals Ugly Bathroom, Ups Price $40K
detroithousingmarket.com
Woodbridge hasn't produced a good listing since December's $9,000 mystery house, so it was momentarily exciting to see an Avery Street address appear on the MLS this morning. Alas, cruel Woodbridge simply regurgitated the same five-bedroom house ... [...]
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RE/MAX Eclipse opens new office in Waterford
detroithousingmarket.com
A leader in metro Detroit real estate, RE/MAX of Southeastern Michigan covers Macomb, Monroe, Oakland and Wayne counties. With more than 800 sales associates and 50 offices, RE/MAX of Southeastern Michigan has helped hundreds of thousands of ... [...]
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Top 10 companies with most blighted foreclosures
detroithousingmarket.com
The following companies foreclosed on the most properties now considered abandoned or blighted in Detroit, according to data analyzed by The News from RealtyTrac of foreclosures between 2006 and 2014 and the city's blight survey. The vast majority ... [...]
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Foreclosure deadline extended on thousands of Detroit properties
detroithousingmarket.com
DETROIT (AP) - Property owners facing tax foreclosure in Detroit and Wayne County will get more time to reach deals to save their homes. County Treasurer Raymond Wojtowicz (Voy-TOE-Vich) has extended Tuesday's deadline to make payment ... [...]
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No Good Deed Goes Unpunished
detroithousingmarket.com
He has invested around $2 billion into Detroit real estate and initiatives including buying up over 70 buildings -- part of that investment has gone toward technology startups and incubators, turning some of the Motor City into Tech Town. One would ... [...]
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Chinese Investors Snap Up Property in Bankrupt Detroit
detroithousingmarket.com
Detroit homes for sale on the SouFun website each with a $10,000 price tag. Chinese interest picked up steam after a TV report claimed that homes in Detroit could be bought for the price of a pair of shoes. After the program ... [...]
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Detroit Zoo Penguins: $29M Iceberg Mansion is On Schedule
detroithousingmarket.com
WIth their $29.5M iceberg mansion under construction, the Detroit Zoo's penguins are pumped. Known as the Polk Penguin Conservation Center, the future party pad will have a chilled "aquatic sea" for deep diving, a zone for tobogganing, and all the ... [...]
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The Ever-Growing Spokane Real Estate Business
detroithousingmarket.com
SPOKANE, WASHINGTON — The magnificent city of Spokane, located just south of the Canadian border and in the eastern part of Washington, is home to a strong tourist attraction. And with the powerful tourist attraction comes the rise of city's ... [...]
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Is Detroit ready for an avant-garde building downtown?
detroithousingmarket.com
Photo by Courtesy Rock Ventures A concept drawing for the Hudson's site redevelopment in Detroit. Architect: Hamilton Anderson Associates, Shop Architects PC. Guggenheim Museum Bilbao, Spain, designed by architect Frank Gehry. - Photo by Wikipedia ... [...]
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Agent: Investors Buying Detroit Property Unfairly Criticized
detroithousingmarket.com
... county auctions are sometimes painted as either greedy speculators or uncaring landlords. But an agent for the firm Blackbird Asset Management – Eric Novack – tells WDET's Quinn Klinefelter those investing in Detroit properties are getting a bum rap… [...]
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Airplanes Engine Single: Planes For Sale Cheap
detroithousingmarket.com
planes for sale cheap Detroit Homes For Sale | 400 x 300 · 62 kB · planes for sale cheap Detroit Homes For Sale | File Size: 400 x 300 · 62 kB · jpeg Download. planes for sale cheap Winnie the Pooh Playhouse | 400 x 400 ... [...]
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Carved Limestone Makes a Grand Entrance in Boston-Edison
detroithousingmarket.com
There are seven bedrooms two Pewabic fireplaces inside this 1914 Boston-Edison mansion, but you might have trouble just getting past the front door. Surrounded with carved limestone, the main entrance was meant to impress. It even has a cartouche, like ... [...]
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Over 35000 Detroit Properties Rescued From Tax Auction
detroithousingmarket.com
Loveland Technologies reported yesterday that 35,064 properties have since been rescued from the swirling toilet bowl o' foreclosure, many of them doing so by entering payment plans with the county. At the same time, 26,818 Detroit properties are still ... [...]
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RR Donnelley office building on West Congress sold
detroithousingmarket.com
Detroit Real Estate NAI Farbman More +. Photo by CoStar Group Inc. The building at 610 W. Congress St. in Detroit's financial district was listed at $1.75 million. The home of RR Donnelley & Sons Co.'s office in downtown Detroit's financial district ... [...]
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Detroit Mayor Mike Duggan to announce big Brush Park redevelopment
detroithousingmarket.com
Multiple Detroit media outlets have reported Quicken Loans founder and Detroit real estate mogul Dan Gilbert is involved in the project. Bedrock Real Estate Services, Gilbert's company, did not respond to confirm or deny Gilbert's involvement. If the ... [...]
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Detroit  West Side. Warrendale.
detroithousingmarket.com
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Detroit council OKs $11.8-million subsidy for land bank
detroithousingmarket.com
The Detroit City Council today narrowly approved an $11.8-million subsidy for the city's land bank authority, which auctions off vacant homes and handles much of the city's blight elimination efforts. The council also approved the transfer of more than ... [...]
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Dan Gilbert raises $1 billion on junk bonds
detroithousingmarket.com
Bloomberg cited Gilbert's holdings in casinos, the Cleveland Cavaliers and Detroit real estate as among his ventures. Gilbert and his Bedrock Real Estate Services have acquired more than 70 properties in four years in downtown Detroit. Bedrock ... [...]
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Michael Lightman Realty Plans $35M Expansion for Apartment Property; $67M …
detroithousingmarket.com
The 901-unit Fieldstone Apartments is set for a $35 million expansion, which will add over 300 units to the 3333 Hacks Road community, making it the largest apartment community in Memphis, reports the Memphis Business Journal. The community was ... [...]
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homes-for-sale-23835-panama-avenue-warren-mi-48091-2-3
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Click here to watch the video. 3. Like. Save. Share. Tweet this; Share to Facebook; Pin It; LinkedIn; Google+. Tags: 23835, 48091, Avenue, Homes, PANAMA, Sale, Warren; Categories: Detroit Homes for sale … Click here to ... [...]
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Quicken Loans raises $1.25 billion with debt issuance
detroithousingmarket.com
Quicken Loans raised $1.25 billion last week with a bond issuance, according to a report from Bloomberg. Per the Bloomberg report, the vast majority of the money will go to Rock Holdings, Quicken's parent company, and Dan Gilbert, the founder and ... [...]
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What's better than LeBron on team? Scoring $1 billion of bonds
detroithousingmarket.com
Gilbert's business ventures range from casinos to Detroit real estate. “It's a sign of the times,” said Jody Lurie, an analyst at Janney Montgomery Scott LLC, which oversees $61 billion. “While this isn't the most attractive market for issuers we've ... [...]
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Audit Notes: Detroit Foreclosures, Soros on the Euro Crisis, NYT on Stimulus
detroithousingmarket.com
The Detroit News reports that some homeowners in the city are letting their houses go into foreclosure over unpaid tax bills and then buying them back on the cheap—legally wiping out what they owe. The paper finds landlords who can afford to pay them ... [...]
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Could Wayne County move HQ to New Center?
detroithousingmarket.com
From a humble building at Griswold and Congress streets to the ornate, Beaux-Arts Old Wayne County Building at 600 Randolph St. and the towering Guardian Building at 500 Griswold St., all of Wayne County's headquarters buildings have been downtown. [...]
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El Barrio's Artspace PS109 will Bring Affordable Live/Work Units to Spanish …
detroithousingmarket.com
With the reconversion of the long-abandoned Public School 109 in the East Harlem section of Manhattan nearing completion, artists and low-income individuals and families looking for affordable housing have until July 14 to send their applications and ... [...]
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homes-for-sale-23835-panama-avenue-warren-mi-48091-2 …
detroithousingmarket.com
Click here to watch the video. 3. Like. Save. Share. Tweet this; Share to Facebook; Pin It; LinkedIn; Google+. Tags: 23835, 48091, Avenue, Homes, PANAMA, Sale, Warren; Categories: Detroit Homes for sale … Click here to ... [...]
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What will the Fisher and Kahn buildings sell for?
detroithousingmarket.com
Detroit Real Estate City of Detroit Detroit 2.0 More +. Photo by CoStar Group Inc. The Albert Kahn Building, left, and the Fisher Building are heading to an online auction this summer. Curious, I reached out to a couple of my sources last week and ... [...]
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$79 Million TIFIA Loan for the Reconstruction of the CTA's 95th Street Red …
detroithousingmarket.com
Chicago Mayor Rahm Emanuel and U.S. Sen. Dick Durbin (D-Ill.) recently announced that $79 million in federal funding has been secured to finalize the funding of the new 95th Street Terminal on the Chicago Transit Authority's Red Line. “The Red Line is ... [...]
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Legal battle with feds has Gilbert apparently unfazed
detroithousingmarket.com
The Quicken Loans founder and downtown Detroit real estate mogul spoke to the media briefly after a press conference held to announce one of his companies in southwest Detroit. Gilbert briefly joked about the lawsuits with a member of the audience who ... [...]
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Forbes: Carlos Slim's Marquette Building purchase his first in Detroit
detroithousingmarket.com
Detroit Real Estate City of Detroit Detroit 2.0 More +. Photo by CoStar Group Inc. The Marquette Building is Carlos Slim Helú's first real estate purchase in Detroit, Forbes reports. A spokesman has confirmed for Forbes magazine that Carlos Slim Helú's ... [...]
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Dan Gilbert loses cool, calls report on Bedrock security cameras in Detroit …
detroithousingmarket.com
DETROIT, MI - Detroit real estate mogul Dan Gilbert got in a bit of a virtual scuffle over the weekend. In a series of tweets, Gilbert tangentially responded to a report from Detroit reporter Steve Neavling published on motorcitymuckraker.com, calling ... [...]
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