Michigan Real Estate News

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InvestNext Raises $4.3 Million In Venture Capital Financing

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InvestNext Inc., a software firm backed by Detroit billionaire Dan Gilbert, has closed on a venture capital financing round to the tune of $4.3 million. The company’s software goal is to help investors and fund managers keep track of pertinent details and documents involved in real estate investments. Hyde Park Venture Partners, Detroit Venture Partners, Whitecap Venture Partners and Grand Ventures participated in the funding round. InvestNext Inc. now has more than 18,000 active investors and has paved the way for more than $.4 billion in transactions.

Fowling Warehouse to Open in Ypsilanti

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Royal Oak resident Scott Brown is opening a Fowling Warehouse location in Ypsilanti. The original Fowling Warehouse was established by Chris Hutt in 2014. The game is part football/part bowling. Prior to finding the Ypsilanti space, Brown looked in Lansing, Lake Orion and Indianapolis. His Ypsilanti location will be the sixth in the franchise. Other locations include Grand Rapids, Indianapolis, Atlanta, Cincinnati and Hamtramck. All have opened in last seven years. No opening date is set yet for the Ypsilanti location, but it will feature 20 indoor fowling lanes. Players may bring in their own food or have it delivered, and two bars will be on site.

NTT Ltd Subleases Its Headquarters Space in Southfield Town Center

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 NTT Communications Corp., Formerly know as Secure-24, has walked away from its 100,000-square-foot headquarters in the 4000 Town Center high rise in Southfield. They’ve put the space up for sublease along with a 9,000-square-foot property in Auburn Hills. The company signed the Southfield lease in September 2019, prior to the pandemic. The bad timing of the COVID-19 pandemic may have contributed to the company’s recent listing of the property. The asking price is $19 per square foot.