Category Archives: Detroit commercial real estate

Construction outlook: More cranes in the sky, but labor shortages and rising costs await, too

by Dan Rafter When Paul Laird looks at the Midwest markets he serves as vice president and Midwest regional manager for United Construction Company, he sees a busy future. Construction crews are busy across the Midwest today, building spec industrial … Continue reading

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More than 200 fill One Woodward building for Detroit commercial real estate conference

Detroit is in the middle of a steady rebuild. That was the message shared by the biggest names during the third annual Detroit Commercial Real Estate Summit held by REJournals.com. The event, held Feb. 22 at the One Woodward building … Continue reading

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Pillar’s Wilkins: Apartment, healthcare markets heating up in Detroit

by Dan Rafter Pent-up demand. That force is fueling the rising sales, leasing and construction activity in both the multifamily and healthcare sectors in Detroit and its surrounding communities, said David Wilkins, managing director of loan originations with Bloomfield Hills, … Continue reading

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More good news for multifamily brokers, developers: Number of renter-dominated cities keeps growing

by Dan Rafter Here is some good news for brokers and developers working in the multifamily business: In 21 U.S. cities with a population of 100,000 or more, more than 50 percent of the households are made up of renters, … Continue reading

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The early signs of a tech boom in CRE

By Andy Gutman, Farbman Group  While the real estate industry has generally not been an early adopter of new technologies, the last several years have been different—we have seen the beginning of a true tech boom in the industry. The … Continue reading

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Apartment rents becoming less affordable – but at a slower pace

by Dan Rafter Apartment rents are becoming less affordable to a growing number of U.S. renters. But if you’re looking for signs of hope? The percentage of renters who are spending too much on apartment rents is at least growing … Continue reading

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An industrial market like no other? That’s what one CRE vet sees

by Dan Rafter Doug Fura, senior vice president in the Southfield, Michigan, office of NAI Farbman, has seen plenty of industrial markets during his long career. Fura, after all, has worked in commercial real estate for more than three decades … Continue reading

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