Attention Michigan owners of commercial real estate; conduit lending has made a dramatic comeback from the crash of 2008. It took some time but conduit loans have been readily available for qualified projects, not just trophy properties, even in Michigan. Conduit mortgage loans provide better rates in exchange for pre-approved “standardized” documents and underwriting that […]
Conduit Loans Are Back…proceed With Caution Read More »
Most are aware of the recent housing bubble in the U.S., which caused strife across the nation’s economy. However, there may be many in Michigan and other states who do not realize that an entire portion of the real estate sector was able to avoid the negative effects of the real estate boom and bust.
REITs contribute to commercial real estate stability in Michigan Read More »
People Place Significant Importance On Historical Landmarks And Will Create Public Policies Geared Toward Preserving These Landmarks If Possible. However, due to the nature of historical landmarks, it can be costly to maintain the properties, especially if a property has been neglected for an extended amount of time in Michigan or in any other state.
Commercial real estate developer may acquire historic property Read More »
Companies are always looking for ways to expand their business in order to increase profits. One of the best ways to do this is through collaboration with another company, which will help pool resources and networks of the two companies in order to better capitalize on the market. This is what two commercial real estate
2 Michigan commercial real estate firms merge together Read More »
One of the signs that the real estate market may be growing is when the market starts seeing banks lending heavily to consumers for real estate financing . The lending power of banks had been temporarily stifled as a result of the recent recession. However, it seems that banks in West Michigan are reporting more
Real estate financing increases in West Michigan Read More »
It is unfortunate when a business is forced to close up shop, since this usually means people will be losing their jobs as a result. However, when one opportunity closes, many times another opportunity opens up in its place. This seems to have been the case after one Michigan steel company filed for bankruptcy, which
Michigan commercial real estate property hits auction block Read More »
Successful businesses are always looking for ways to expand their market and potential customer base. One way to do this is to merge with another company which may have resources that would be complimentary with the business. Bradley Co., a major commercial real estate firm in Michigan, recently announced that it has decided to take
Michigan commercial real estate firm enters business merger Read More »
There is certain infrastructure which is required to make a condo development a viable endeavor as well as a profitable investment. Since individuals and families will be living in any proposed residential development or complex, they will need proper roads, lighting and other types of infrastructure needed for everyday living. One city in Michigan recognizes
Michigan city contributes to condo development project Read More »
When a company purchases a large piece of commercial property, it has to conform to the rules and regulations of the city government. However, many times the city government will also proactively help the new owner of commercial real estate make the transition, since it will help stimulate the local economy. This may be what
New owners of commercial real estate obtains help from city Read More »
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
University of Michigan leases more commercial real estate in 2012 Read More »
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