Research Center - Detroit

  • 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
  • $44 Million Grant Helps Detroit RiverWalk Redevelopment

    By Veronica Grecu, Associate Editor In an effort to wrap up the remaking of the 5.5 mile RiverWalk that connects the Ambassador Bridge and Belle Isle, the city of Detroit received a total of $44 million in state and federal grants as financial support for the final stage of construction. According to Detroit Free Press, [...]

    25 July 2012 21:21
  • Michigan, Canada Officials Announce New Detroit-Windsor Bridge

    By Veronica Grecu, Associate Editor On June 15 Michigan Gov. Rick Snyder and Canadian Prime Minister Stephen Harper announced plans for a new bridge linking Detroit and Windsor, Ontario. First proposed nearly ten years ago, work on the new six-lane bridge could start in 2013 or 2014 and it would take at least four years [...]

    21 June 2012 04:11
  • Renovation Spree Hits Detroit Area Masonic and Hindu Temples

    By Veronica Grecu, Associate Editor The Detroit Masonic Temple in the lower Midtown area and several blighted properties in the surrounding area could embark on a $38 million renovation project. According to The Detroit News, a team of state and local brokers is currently establishing the financial aspects of the investment, which could get the [...]

    14 June 2012 13:32