Michigan Real Estate News

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State Suspends Novi Dealership’s License

The Michigan Department of State has suspended the license for Carvana LLC, located in Novi. Several alleged violations of the Michigan Vehicle Code led to the suspension. The violations were found during an investigation of multiple no-title complaints from consumers. The violations include failure to make application for title and registration within 15 days, fraudulently selling and dealing in vehicles whose title applications and sale documents were destroyed by employees and then accepting the return of the vehicles, failure to maintain odometer records, improperly issuing temporary registrations, failure to supply records for inspection, possession of improper odometer disclosure records, and 127 instances of probation agreement violations. According to MDOS, the continued violations pose an imminent threat to the public’s health, safety and welfare

 

Soured Chicago Land Deal Upsets Public

Justin Ishbia, the brother of the CEO of Pontiac-based United Wholesale Mortgage, has reneged on a land swap deal with a suburban Chicago park district. Ishbia and his wife bought the 261 Sheridan Road property in November 2020. The property  stands between Elder Lane park and Centennial park. They negotiated a land swap deal with the Winnetka Park District officials, promising to turn the Sheridan Road property over to park district officials in exchange for the southern section of Centennial Park. Residents are urging park district officials to take the multimillion-dollar lakefront parcel by eminent domain. The land swap deal fell apart under public scrutiny of the deal the park officials made with Ishbia.

 

Mercedes-Benz Financial Services Celebrates New Headquarters

Mercedes-Benz Financial Services USA (MBFS) has opened its new corporate campus in Farmington Hills. The headquarters are designed to support a new hybrid workforce model. The 3-story headquarters building is located on 35 acres at 35555 W. 12 Mile Road. The new workspaces encompasses 200,000 square feet. Olympia Development of Michigan, KIRCO MANIX and Gensler Detroit partnered with MBFS on the project. Mercedes-Benz Financial Services USA provides brand-specific financing and leasing products and insurance services.