Selección de noticias relevantes del sector inmobiliario en Detroit
Es un placer enviarles información de noticias publicadas en diferentes medios de comunicación sobre temas relacionados con inversiones inmobiliarias en Detroit. Esperamos que sea de su interés. Estamos a su disposición para analizar cómo estas novedades pueden generar oportunidades para su próxima inversión.
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Detroit to repave 88 miles of road in $90M investment, mayor says in State of the City
Detroit’s deteriorating roads are set to get a face-lift. The city is planning to spend $90 million to resurface its road with a $90-million investment, Mayor Mike Duggan said. About 88 miles of city roads will be paved, and every one of those $90 million contracts are going to require 51 percent of work to be done by Detroiters. Beside that the Detroit Water and Sewerage Department is planning a $400 million investment toward infrastructure improvements.
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Retail-design executive says look to Detroit for future of retail
The future of retail will be in Detroit, said Ken Nisch, chairman of JGA Inc., during a presentation at the National Retail Federation’s Big Show in Manhattan. Despite the fact that upscale shopping has not been central to Detroit for 40 years, few national vendors opened stores in the city, and shopping malls have never had a place here, Detroit is well positioned in retail. Shopping malls are beginning to die out, after all, Detroit is well-positioned to thrive.
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MDOT has 143 construction projects on tap for 2018
The Michigan Department of Transportation has 143 construction projects either already in the works or planned for this year around the state. Thirty-three of those projects are in Metro Detroit
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2017 Single-Tenant Transaction Volume Outpaces 2016
Following a strong third quarter, single-tenant transaction volume fell a bit to finish off 2017, down from $16.7 billion in the third quarter to $14.5 billion in the fourth quarter, according to Real Capital Analytics data. The drop can largely be attributed to a decline in volume in the industrial and retail sectors, while the office sector only had a minor increase from $5.82 billion to $5.84 billion over the quarter. Despite the quarterly decline, a total transaction volume of $57.8 billion for 2017 slightly exceeded 2016’s volume of $56.8 billion.
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University of Michigan invests up to $30M in Detroit-based real estate fund
The University of Michigan Board of Regents approved a rare investment of up to $30 million in a Detroit-based real estate fund. Detroit Renaissance Real Estate Fund invests in single and multifamily properties in the metro Detroit area, according to university documents.
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City of Detroit Sees First Gain in Assessed Residential Property Values in 17 Years
In a press release, the City touted the first gain in residential property value in 17 years. The City says that the assessed value of its 263,000 residential properties is coming in at $3 billion this year, up from $2.8 billion last year. The increase in property value is seen as another recovery indicator by the City.
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Report: Detroit lands in top 20 of the hottest real estate markets in the U.S.
Realtor.com released their list of the “hottest” markets in the country for January 2018, according to how long houses stay on the market and by listing views in mid to large markets. This is the second month in a row for Detroit-Warren-Dearborn at the #19 spot. The median age of inventory—or how long the homes last on the market—came in at 68 days for Detroit.
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Flex-N-Gate Detroit to hire hundreds as new $160M manufacturing plant moves toward October opening
The $160 million project is the largest investment by an auto supplier in the City of Detroit in over 20 years and will initially create over 400 jobs and up to 700 new jobs in Detroit over the next three years at full capacity.
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Chrysler investment in Michigan: A tax cut benefit or a hedge against NAFTA?
Fiat Chrysler Automobiles (FCA) has confirmed its plan to move its truck-making arm from Saltillo, Mexico, to Detroit, MI. The company’s plan is to invest $1 billion into the proposed Michigan Truck Factory and bring about 2,500 jobs in the state.
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Home Prices Stay High, Up 6.2% From a Year Earlier, Case-Shiller Shows
The U.S. housing market is in pretty good health. Sales keep rising and builders are busy as millennials enter their home-buying years. Low interest rates and the best jobs market in years have created a tailwind that’s fueling demand.
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Detroit: from Motown to housing hub
Bankruptcy, financial crisis and the mass exodus of one million citizens gutted Detroit’s housing market. Now, the city is experimenting with unorthodox ways to reignite interest in Motor City
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MSF board supports catalytic projects in state’s automotive, energy industries
the Michigan Strategic Fund board focused on continued economic progress into the new year by approving projects that will generate a total capital investment of $982.4 million and create 241 jobs
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Detroit, la ciudad del milenio para la inversión inmobiliaria
Detroit renace de sus cenizas. La ciudad que fue alguna vez la meca de la industrialización y de vanguardia tecnológica automotriz en Estados Unidos y que se convirtió en «fantasma» por la falta de competitividad de precios en los años 50 y 60, hoy se reinventa y se posiciona como la favorita de los milennials. Dentro de las empresas tecnológicas que invierten en Detroit se encuentran Google, Facebook, Linkedin y Microsoft entre otras.
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