It finally happened! Quicken Loans has announced that they will locate their consolidated headquarters in downtown Detroit moving some 4000 employees from around the metro area back to the city.
“After two years of speculation and negotiations, Quicken Loans and Rock Financial founder and Chairman Dan Gilbert told the Free Press on Monday that he […]
September residential sales up in Detroit
Residential sales in the city of Detroit were up 10.2 percent for September compared with September 2006 figures from Farmington Hills-based Realcomp II Ltd.
The city also posted good numbers for the third quarter of 2007, showing an increase of 8.4 percent over the same period of 2006. Over the course […]
Sorry for being quiet the last few days. I was up north around the Grand Traverse Bay Area. Beautiful piece of country which I’ll write more about later. For now, here’s a bit of what’s been in the news around the city of Detroit’s neighborhoods:
New owners take over the Lager House
Rumors are […]
There’s a lot development news I missed from Metro Mode summarized here. Read the articles further for more details and pictures and plans of developments. There’s a lot below the line:
Face it, sellers: Appreciation isn’t what it used to be. In the good markets, prices are creeping up slowly, if they are creeping up at all. And in the overbuilt, oversold markets, appreciation is nonexistent.
In fact, according to the latest government survey, prices are down in 18 of the nation’s 32 largest metropolitan areas and […]
Hip-hop group, liquor company lend support to AIDS cause
They hail from the Conant Gardens neighborhood on the East Side, and their hearts remain in their city as they travel the globe. And Detroit hip-hop group Slum Village came home last week, teaming up with Remy Martin to donate $7,500 to AIDS Partnership Michigan.
The donation, which […]
State tourism funding bill introduced
Legislation to earmark $30 million annually in state sales taxes to fund Michigan tourism marketing has been introduced in the Legislature.
Senate Bill 690, sponsored by Jason Allen, R-Traverse City, is supported by a coalition of Michigan tourism business interests that seek to boost Travel Michigan advertising spending to $30 million annually, […]
As Detroiters get evicted, investors get elated
He’s a New York bus mechanic by day. But his dreams of wealth and opportunity revolve around a city hundreds of miles from his home, a city he has never seen except in pictures. Detroit.
“I believe the riverfront is being redeveloped,” says Joseph Annibale.
Yes, Joe, it is. And it’s […]
For the past week I’ve been slowly reading through Crain’s Detroit’s part 2 of “Living & Investing in the D”. Some choice quotes followed by the large table of contents.
Like many who call Detroit their home, the Peets say that unless you live in the city, its true beauty will always be a secret.
“The […]
Woman gets 5-15 years in prison for sex with 14-year-old boy
A Melvindale mother who had sex with her son’s underage friend was sentenced Thursday to 5-15 years in prison for the illicit affair.
Michelle Perruzzi, 34, had hoped to avoid a prison term altogether for the two convictions for third-degree criminal sexual conduct.
Police said Perruzzi repeatedly […]