Michigan Real Estate News

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Lawyer – No Light at the End of the Pandemic Tunnel for Property Owners

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The future of real estate continues to be in a flux. At a federal level, GSEs have continued to extend foreclosure and eviction moratoriums through June 30, 2021. The Center for Disease Control issued its own eviction moratorium in September 2020, and the Biden administration has extended it through March 31, 2021. In Michigan, the pandemic’s eviction moratoriums have expired, although the Michigan Supreme Court has recognized the CDC Order. No formal foreclosure moratoriums were ever instituted in Michigan, but social distancing requirements have halted the proceedings that are held in courthouses which have been closed to the public during the pandemic.

Legal Action Taken Against Former Collier Advisors Who Started New Firm

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Colliers International U.S. states it has commenced legal action against 10 former senior brokers who split from the company to form their own firm, Advantage Commercial Real Estate Services, alleging, among other things breach of fiduciary duty and use of confidential information. Several of the brokers were majority owners in a firm that Colliers acquired in 2016 in an effort to strengthen its presence in West Michigan. The proceedings provide a new slant on what was perceived as an amicable split in January.

First Cannabis Retail Location Opening In West Michigan

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The Gage Cannabis Company opened the doors to the first provisioning center in West Michigan, located in Grand Rapid. Gage prides itself on three things: Cannabis, culture, and community. The retailer is already working on the community focus by providing vouchers to area small businesses for their patients. The company is on the move with a goal to operate over 20 locations by the end of 2021.