Real Estate Groups to Challenge Ban on Broker Fees for Renters

A lawsuit will accuse New York State of abusing its authority in issuing a rule that has upended the industry. Source: Real Estate Groups to Challenge Ban on Broker Fees for Renters

by Platinum Real
February 10, 2020
Business

Sources: Gilbert close to buying Buhl Building, parking deck downtown

Downtown real estate mogul Dan Gilbert is closing in on a deal to buy the Buhl Building and its 652-space parking deck downtown, two sources familiar with the negotiations told Crain's Friday. The 27-story skyscraper at 535 Griswold St. would become the most recent high-rise the Quicken Loans Inc. Read Full Article

by Platinum Acq
October 19, 2017
Business, Construction, Real Estate

Gilbert’s Bedrock buys downtown Cleveland buildings for $12 million

Downtown Detroit real estate mogul Dan Gilbert, also owner of the Cleveland Cavaliers, may or may not be investing in the renovation of the team's Quicken Loans Arena, but he just shelled out almost $12 million to buy the one-time May Co. store on Public Square and an attached eight-story building on Ontario Street in downtown [...]

by Platinum Acq
October 14, 2017
Business, Construction, Real Estate

Renderings of Downtown Detroit’s Monroe Block plan include 35-story tower

Monroe Block renderings The proposed Monroe Blocks, by Dan Gilbert's Bedrock Detroit, will now include a 35-story office tower, along with residential units, retail and public spaces throughout. (courtesy of Bedrock Detroit) Read Full Article

by Platinum Acq
September 30, 2017
Business, Construction, Real Estate

Renovated Victorian mansion in Brush Park sells for $2.65 million

A renovated Victorian mansion in Brush Park that once housed a Detroit lumber titan has sold to a new owner. The Edmund, formerly the home of Lucien Moore at 104 Edmund Place, sold for $2.65 million to Jeffrey Rohr, a Grand Blanc-area optometrist, according to Matt O'Laughlin, director of commercial real estate for Detroit-based The [...]

by Platinum Acq
September 18, 2017
Business, Construction, Real Estate

Corktown cottage lists for $237K

We recently made a map of potential starter homes in Detroit. Prices and sizes of homes vary widely between neighborhoods. We didn’t feature any homes in Corktown because they’re hard to come by and when they list, they’re listing for a lot. So here we have an 800-square-foot cottage that is absolutely adorable. The interior is pretty [...]

by Platinum Acq
September 8, 2017
Business, Construction, Real Estate

Remodeled Detroit home with pool wants nearly $500K

With gleaming hardwood floors, an in-ground pool, and wood accents throughout, this Detroit home is on the market and ready for its next homebuyer. Since it was constructed in 1953, this five-bedroom, five-bathroom single-family home has undergone a remodeling for the kitchen as well as new windows and a new roof. Read Full Article

by Platinum Acq
September 3, 2017
Business, Construction, Real Estate

For $99K, a century-old bank building with original vault

This week, we seem to be dreaming of what we could do with a lot of properties around Detroit. This bank building that just listed on West Warren Avenue (near 94) has some really cool original details left, including its original walk-in Diebold Vault (the doors themselves sell for thousands on eBay). The sale includes [...]

by Platinum Acq
August 30, 2017
Business, Construction, Real Estate

Declining housing stock puts homebuyers in a bind

Anyone eager to buy a home this spring probably has reasons to feel good. Job growth has been solid. Average pay is rising. And mortgage rates, even after edging up of late, are still near historic lows. And then there’s the bad news: Just try to find a house. Read Full Article

by Platinum Acq
August 28, 2017
Business, Construction, Real Estate

In Corktown, seven vacant lots list for $1.05M

Anyone interested in some land in Corktown? There are seven vacant lots now up for grabs, prime for mixed-use development, including retail, residential, office, and hotel uses. The entire property spans 36,154 square feet with a $1.05 million asking price. This land package is located near the main strip of Corktown with easy access to [...]