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Commercial Real Estate Archives

University of Michigan leases more commercial real estate in 2012

Educating students often requires a significant amount of space. The University of Michigan has increased its leasing of commercial real estate in 2012, according to a recent report released in early December. The school already holds more commercial rental leases than most other entities in its region. The university is currently leasing six properties which exceed 50,000 square feet. This includes some offices which are currently under construction.

Michigan school district to redevelop commercial real estate

Selling any type of real estate can be a significant challenge. Selling commercial real estate can be even more challenging, especially if it is being sold as a redevelopment property. This is what real estate agents and developers told a Michigan school district that recently proposed to sell ten of its school locations. Real estate experts cited the current economic conditions as a reason it could be a difficult sale.

Construction begins on shopping mall development

Opening any type of business can be challenging. Developing a significant amount of commercial real estate can be even more of a task. However, a shopping mall development can be a gigantic undertaking for many developers in Michigan or elsewhere. This is what one $315 million construction project plans to initiate after it begins work in mid-October.

Smart grids help jump start commercial real estate in Michigan

There are a variety of factors which could affect the local real estate market. Some of these factors could include recent economic fluctuations, unemployment rates and even natural disasters affecting the local areas in Michigan. However, one factor which many have forgotten about is a city's investment on infrastructure. A recent study on commercial real estate highlighted this factor by concentrating on the effects of city government's investment in smart grid technologies.

Foreclosed commercial real estate a good buy for investors

Residential and commercial real estate are two completely different markets, even in Michigan. And the economic downturn has affected each of them differently. While residential homes continue to be foreclosed on by banks, commercial real estate hasn't necessarily had the same outcome from the slump that the economy has been in, although it most definitely suffered. In fact, the economy in many cities and states is actually improving, resulting in a comeback for the commercial real estate market.

Detroit developers behind on payments for federal loans

During times of economic troubles, individuals and businesses often struggle to make ends meet. Often, developers with optimistic intentions of improving impoverished areas of the community are faced with challenges when the economy heads to troubled waters.

Year-old Michigan franchise lawsuit continues

A former Michigan franchise owner is still involved in a lawsuit involving a piece of business real estate that he previously owned. A Michigan news website reported recently that the Cottage Inn pizza chain, which is based in Ann Arbor, is the defendant in the lawsuit by a former franchise owner.

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