Entries by Tracy Willis

Detroit’s Yorba Hotel Is On The Market

Detroit’s Hotel Yorba is back on the market at a reduced price. Located at 4020 W. Lafayette Blvd.,  in the city’s Hubbard Farms neighborhood, The historic hotel’s purchase price was reduced from $3.3 million to $2.95 million. The four-story building has around 250 hotel rooms with common bathrooms on each floor. The property is owned […]

Bedrock LLC Adds Hotel To Its Portfolio

Dan Gilbert’s Bedrock LLC has purchased the Roberts Riverwalk Hotel at 1000 River Place Dr. The property is the newest splurge in the company’s $80 million shopping spree on Detroit’s riverfront. Bedrock began collecting property along the east Detroit riverfront during the pandemic. The company owns almost 1 million square feet of office space, about […]

Emagine Is Moving To Walsh College Troy Site

.Emagine Entertainment Inc. is moving its headquarters to the Walsh College campus in Troy. The company has leased the second floor of the college’s facility for three years. The building includes an on-site gym, showers, and conference space. Emagine’s Chariman Paul Glantz hopes the amenities will entice workers to come back tot he office. Emagine […]

Ann Arbor Attempts To Smooth Building Process For Developers

Real Estate developers have complained for years about Ann Arbor’s many requirements and layers of review and approval for building projects. Some have stated that they’ll never do business in the city again because it’s easier and less costly to build new housing in other places. Ann Arbor officials are trying to right that wrong. […]

Detroiters Tangled Up In Title Transfers

Many Detroiters are dealing with “tangled titles.” They’re in living situations, like inherited homes, where home titles haven’t been transferred from deceased family members. Foreclosure prevention experts often come across title problems where heirs need more education on how to navigate the title transfer problems. Title issues prohibit people from gaining access to assistance programs […]

Fort Ponchartrain Hotel’s Second Tower Plans Revisited

Investor group, Operadora de Servicio Para Hoteles de Lujo, is revisiting the idea of building a second hotel tower on the Fort Pontchartrain hotel in downtown Detroit.  They recently issued a request for proposals for an economic feasibility study fro a 390-room addition to the property. The addition would include 40 for-sale condominiums. There have […]

Northville Downs Project Moves Forward

Northville’s City Council members voted unanimously to advance a preliminary planned unit development plan for the old Northville Downs site. The council place conditions on its approving vote. The City Council will meet one more time before developer Hunter Pasteur can break ground. The discussion between city officials and vocal residents has been contentious at […]

Home Builders Buy Down Rates to Keep Prospective Buyers

Builders are taking matters into their own hands, and the high interest rates and falling demand are forcing the issue. Rate buydown programs and other interest rate specials are on the rise in the new-construction market. Builders are making concessions to their bottom line in order to keep prospective buyers in the game. Builders are […]