Michigan Real Estate News

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Detroit’s Yorba Hotel Is On The Market

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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 by Gerald Jankowski. The hotel opened in 1926 and was designed by Detroit architecture firm Pollmar & Ropes.

 

Bedrock LLC Adds Hotel To Its Portfolio

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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 1,600 parking spaces and ore than 40 acres of land in addition to the new hotel purchase. The hotel’s purchase price is undisclosed. Dan Gilbert’s $80 million-plus spending spree on the east Detroit riverfront continues.

Emagine Is Moving To Walsh College Troy Site

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.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 has hired several Walsh interns and graduates and hopes the new environment will lead to finding and hiring more talent. The company will make the move in January.