Group to bid on large swath of Detroit properties

At first, the Home Team Detroit development group considered buying every property in the city headed for this year’s annual county tax foreclosure auction. Instead, the real estate group is settling for a swath of the northwest side that covers 25 square miles and 24 neighborhoods. Read Full Article

by Platinum Acq
May 2, 2017
Construction, Foreign, Real Estate

Birmingham seeks builder for multimillion-dollar project

Birmingham is on the verge of developing a platinum gold corridor. The Birmingham City Commission agreed Monday to issue a request for qualifications (RFQ) seeking a developer capable of redeveloping four acres of property in the downtown Central Business District. Read Full Article

by Platinum Acq
April 16, 2017
Business, Construction, Foreign

Commercial real estate execs optimistic for West Michigan, but remain vigilant

Despite political uncertainty and fears of an impending economic slowdown, commercial real estate and construction stakeholders have faith in the fundamentals of the industry in West Michigan. As developers, architects and contractors close out 2016 and look toward the new year, they remain unconcerned the local industry will crater anytime soon, even as reports suggest [...]

by Platinum Acq
December 15, 2016
Business, Construction, Foreign, Real Estate

How Much House Can You Get for $300,000 in the Top 50 Cities in the US?

Let’s take a moment to think what makes a house valuable. Is it “location-location-location,” finishes and amenities, or is it size? If your mind is set on a certain city or area, location rules supreme, but where’s the sense in living there, even in a top-of-the-line home, if you barely have room to get out [...]

by Platinum Acq
December 12, 2016
Business, Construction, Foreign, Real Estate

UK faces shortfall of 1.8m rental homes, warns housing body

The UK is facing a shortfall of 1.8m rental properties unless the government acts fast to slow a sharp drop in the number of available homes, according to a leading housing industry body. The Royal Institution of Chartered Surveyors (Rics) called on the government to drop reverse stamp duty changes on second homes and consider [...]

by Platinum Acq
December 1, 2016
Foreign, Real Estate

Chinese Investment In Overseas Commercial Properties Set To Reach New Record

Chinese investors have put $23.5 billion into overseas commercial real estate in the first eight months of the year, on track to surpass $25.7 billion in all of 2015, according to a recent report by DTZ/Cushman and Wakefield. The firm forecasts outbound real estate investment volume will increase by 37% this year compared with a [...]