Michigan Real Estate News

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Asphalt Facility Proposed for Detroit’s Former Farmer Jack Headquarters

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The old Farmer Jack Headquarters in northwest Detroit may soon be the new home of an asphalt mixing facility. The Pontiac-based company, Asphalt Specialists, is proposing the $1.5 million plant. The company currently employees more than 100 employees, including truck drivers and maintenance. The plant would add 40-50 jobs. The plant would include an office and scale house for measuring 3,000-4,000 square feet of product. A dust collection system would collect 98-99% of the odors.

 

 

 

Sale Pending For Popular Nightlife Hotspots

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Grand Rapids’ The B.O.B. and the 20 Monroe Live concert venue may soon be changing hands. Sales are pending for both nightlife hot spots. There are two separate unidentified buyers, and both deals should close early next year. The B.O.B. was listed for $15.5 million and 20 Monroe Live for $16.5 million. The B.O.B. houses 3 restaurants, a brewery, a nightclub and a comedy club. 20 Monroe Live is a concert venue that can seat up to 2,600 patrons.

 

 

Real Estate One Academy Wants More Required Training Hours

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According to Bonnie Richter, the director of the Real Estate One Academty, real estate education needs to change to keep up with the needs of consumers. Real Estate One is pairing new agents with experience Realtors in an effort to keep more people in the field. Richter says there’s an enormous interest in real estate careers. Classes are full and in high demand, but the longevity is not there. People don’t expect the career to be as demanding as it is. Richter believes that license instruction should require more hours (60 at a minimum), as there isn’t enough time to get all of the information in with the existing instruction requirements. In addition, beefing up the instruction time would better protect consumers so that licensed real estate professionals would have the needed expertise.