Multifamily - Detroit
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Detroit and Other Michigan Cities to Share $100 Million Demolition Grant
In an effort to solve the issue of blighted and dangerous properties across the state and reduce crime in neighborhoods, Gov. Rick Snyder last week announced that the U.S. Department of the Treasury granted $100 million under a pilot program that enables states to decide locally on actions that prevent foreclosures and support the housing recovery.
12 June 2013 21:12 -
Ivanhoé JV Joins Goldman, Greystar in 27 M-F Properties
Ivanhoé Cambridge has made its largest multi-family investment, joining a partnership of Goldman, Sachs & Co. and Greystar in the $1.5 billion acquisition of 8,010 multi-family units from Equity Residential.
10 April 2013 14:37 -
DEGC Looking for Developer for Foreclosed Lafayette Towers
By Veronica Grecu, Associate Editor In an effort to balance out the shrinking apartment occupancy rates in Downtown, The Detroit Economic Growth Corporation (DEGC), acting on behalf of the City of Detroit, is requesting creative proposals for the purchase and redevelopment of two iconic buildings in the Lafayette Park Residential District into a market rate [...]
05 October 2012 05:21 -
Private Investment Venture Snags All Foreclosed Properties in Macomb County for $4.9 M
By Veronica Grecu, Associate Editor Former yacht dealer and millionaire Bill McMachen and an unnamed partner snapped up all foreclosed properties in Macomb County at a public auction held last week at Freedom Hill in Sterling Heights. For $4.9 million or an average of $7,500 per property, the two buyers acquired an unprecedented lot of [...]
13 August 2012 15:44