{"id":1004108462,"date":"2014-12-01T07:46:46","date_gmt":"2014-12-01T15:46:46","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004108462"},"modified":"2022-12-04T16:01:33","modified_gmt":"2022-12-05T00:01:33","slug":"december-issue-spotlight-on-detroit","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/december-issue-spotlight-on-detroit\/","title":{"rendered":"December Issue: Spotlight on Detroit"},"content":{"rendered":"<p><em>By Leah Etling and Gail Kalinoski, Contributing Editors<a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/11\/CPE_1214_Detroit_480.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004107968\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/december-issue-spotlight-on-detroit\/cpe_1214_detroit_480\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/11\/CPE_1214_Detroit_480.jpg\" data-orig-size=\"480,270\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"CPE_1214_Detroit_480\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/11\/CPE_1214_Detroit_480.jpg?w=480\" class=\"alignright size-medium wp-image-1004107968\" alt=\"CPE_1214_Detroit_480\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/11\/CPE_1214_Detroit_480.jpg\" width=\"300\" height=\"168\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/11\/CPE_1214_Detroit_480.jpg 480w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/11\/CPE_1214_Detroit_480.jpg?resize=300,169 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/em><\/p>\n<p>Now that a federal judge has approved Detroit\u2019s plan to resolve the largest municipal bankruptcy in United States history, many in the city, including its commercial real estate sector, are breathing a sigh of relief and looking forward to rebuilding.<\/p>\n<p>\u201cWe\u2019re all excited. It\u2019s not doom and gloom \u2026 The city of Detroit is about to come out and have a clean slate,\u201d said Bill Harvey, senior vice president &amp; head of Transwestern\u2019s Detroit office.<\/p>\n<p>But Harvey and others acknowledge there is still much work ahead as the city attempts to rebound from the largest municipal bankruptcy in the history of the United States. By the time Detroit filed for Chapter 9 protection, the once-shining star of U.S. auto manufacturing was $18 billion in debt and a symbol of urban decay. Gov. Rick Snyder appointed Kevyn Orr emergency manager to oversee the process and make deals with creditors, including retirees, pension funds, banks and bond insurers like Financial Guaranty Insurance Co.<\/p>\n<p><a title=\"November Issue: Women of Influence\" href=\"https:\/\/digital.commercialsearch.com\/news\/publication\/?i=235066&amp;ver=html5&amp;p=20\" target=\"_blank\" rel=\"noopener\">Read the full article in the December 2014 issue of\u00a0<i>CPE<\/i>. Access is free!<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Now that a federal judge has approved Detroit\u2019s plan to resolve the largest municipal bankruptcy in United States history, many in the city, including its commercial real estate sector, are breathing a sigh of relief and looking forward to rebuilding.<\/p>\n","protected":false},"author":413,"featured_media":1004107968,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37301],"tags":[],"class_list":["post-1004108462","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>December Issue: Spotlight on Detroit - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/december-issue-spotlight-on-detroit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"December Issue: Spotlight on Detroit\" \/>\n<meta property=\"og:description\" content=\"Now that a federal judge has approved Detroit\u2019s plan to resolve the largest municipal bankruptcy in United States history, many in the city, including its commercial real estate sector, are breathing a sigh of relief and looking forward to rebuilding.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/december-issue-spotlight-on-detroit\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-12-01T15:46:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-05T00:01:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/11\/CPE_1214_Detroit_480.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"480\" \/>\n\t<meta property=\"og:image:height\" content=\"270\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Leah Etling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/december-issue-spotlight-on-detroit\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/december-issue-spotlight-on-detroit\\\/\"},\"author\":{\"name\":\"Leah Etling\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/81b16a7aea318dbdaaa0a17b776a0c52\"},\"headline\":\"December Issue: Spotlight on Detroit\",\"datePublished\":\"2014-12-01T15:46:46+00:00\",\"dateModified\":\"2022-12-05T00:01:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/december-issue-spotlight-on-detroit\\\/\"},\"wordCount\":190,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/december-issue-spotlight-on-detroit\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/11\\\/CPE_1214_Detroit_480.jpg\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/december-issue-spotlight-on-detroit\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/december-issue-spotlight-on-detroit\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/december-issue-spotlight-on-detroit\\\/\",\"name\":\"December Issue: Spotlight on Detroit - 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