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Retail in metro Detroit isn t dead It s just adapting

These days, consumers actually have more places to shop, not fewer. Contrary to the common refrain about the death of retail, there has been an increase of nearly 11 percent in the amount of retail space in the five-county area the last 16 years. Large, but aged and dying, shopping centers…

Downtown Birmingham office, parking deck sell for $14 million

A downtown Birmingham office building and parking deck has sold for $14 million to an investor that anticipates spending more than $1 million in renovations. Bacall Companies LLC, based in Farmington Hills, said the capital expenditures, which include tenant improvements for 380 N. Old Woodward…

Commercial foreclosures remain low in Detroit, but will that last?

The pandemic has not caused commercial landlords to lose their properties to foreclosure en masse like they did during the Great Recession. At least not yet. In spite of concerns about tenant rent payment early in the pandemic including from restaurants, bars, gyms, apartment renters,…

Gardner White taking over part of former Art Van campus in Warren

Gardner White will take over a portion of the massive former Art Van Inc. headquarters in Warren as it needs more space for distribution and corporate staff.The Auburn Hills-based furniture store said Monday afternoon that it would occupy part of the property's warehouse as well as the store and…

Gardner White taking over part of old Art Van campus in Warren

Gardner White will take over a portion of the massive former Art Van Inc. headquarters in Warren. The Auburn Hills-based furniture store said Monday afternoon that it would occupy part of the property's warehouse as well as the store and corporate office. "This move will allow us to expand our…

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