Detroit
US Treasury Grants Michigan $188M for Blight Removal
Michigan’s application ranked higher than any of the other 19 which took part in the process.
Market Snapshot: Detroit Re-Emerges
Motor City has gotten up, dusted itself off, and now is on the right track to recovery.
On the Ground: Downtown Detroit Today
Contributing editor Leah Etling paid a visit to Detroit in August. View her photos and read her commentary on the market.
Q&A with Bellwether President Ned Huffman
Ned Huffman, president of Bellwether Enterprise, talks about the company’s intention to merge with Towle Financial Services.
Bellwether Enterprise to Merge with Towle Financial Services
Bellwether Enterprise Real Estate Capital L.L.C. late last week announced its intention to merge with Towle Financial Services, a full-service mortgage banking firm with offices in Minneapolis and Detroit.
Executive Spotlight: Joshua Simon, SimonCRE
Joshua Simon launched Phoenix-based SimonCRE at age 24. Now he’s developing and redeveloping shopping centers and single-tenant build to suits in places as diverse as Detroit and Arkansas.
Meridian Arranges $142M in Financing for 2 MSF Detroit-Area Office Complex
Meridian Capital Group has arranged a $142 million mortgage on behalf of 601 West Cos. for the latter’s purchase of Southfield Town Center in Southfield, Mich.
Executive Spotlight: Dan Mullen, Bedrock Real Estate Services
Under the guidance of Dan Mullen, Bedrock Real Estate Services, Quicken Loans’ privately held commercial real estate organization, has built up quite a portfolio.
The Pontch Reopens as New Crowne Plaza Hotel
It’s been more than one year since Gabriel Ruiz, a developer and hotel investor based in Mexico, purchased Detroit’s historic Pontchartrain Hotel, affectionately referred to as “The Pontch” by Detroiters. Located at 2 Washington Boulevard on the former Fort Pontchartrain site—Detroit’s first permanent European settlement built in 1701—and across from the Cobo Center, the 25-story building designed in 1965 by King + Lewis Architects last operated as the Detroit Riverside Hotel.
University of Michigan-Dearborn to Open New Student Housing
Beginning this fall, the students enrolled at the University of Michigan-Dearborn will have access to a new housing complex located directly across Evergreen Road from the university campus.