Kirk Pinho, Crain's Detroit Business | April 30, 2021 Plante Moran takes eight additional floors in Town Center, closes Victor Center to merge offices New space in 3000 Town Center creates 192,600-square-foot office for Southfield-based firm Deal is one of the largest...
Ponyride has officially found a new home. After owner Phil Cooley put the 28,000-square-foot headquarters in Corktown up for sale last year (and sold it for $3.3 million), it wasn’t clear what would become of the makerspace that housed startups, small businesses, and...
On September 4, Soave Real Estate officially marked the opening of Elton Park, a 151-unit, mixed-use development off Trumbull Avenue just north of Michigan Avenue in Corktown. The total cost of the project, which began in May 2017, was $150 million. “What had been for...
Varnum LLP has opened a new office in Birmingham as part of a plan to expand its Southeast Michigan presence as large as its base in West Michigan. The firm, headquartered in Grand Rapids, last week opened an 8,000-square-foot office off Brown Street in the city's...
More than anything else, office tenants want to attract and retain the right talent and are willing to pay a rent premium for office space attractive to younger workers. The open office concept has been touted as the answer, with claims that it provides collaborative,...
Most office jobs these days require nothing more than a laptop, Slack, and killer inbox-zero skills. Desktops are dinosaurs. Human contact is optional. To landlords, this offers the exciting prospect of hordes of office-less millennials roaming around with...
In a broad effort to entice new businesses and promote economic vibrancy, Southgate city officials are working to carve out a new identity for the downriver community's commercial district. Southgate's downtown district, largely defined as Eureka Road between Allen...
A growing number of designers are paying close attention to the acoustic properties of buildings, according to a BBC Future report. With studies indicating that noisy work and home settings are linked to depression, anxiety, and reduced performance, architects are...
According to commercial real estate advisor CBRE, global commercial real estate investment volume increased from Q1 2019 across all regions but overall fell by 7.5% year-over-year in Q2 2019, including entity-level deals. Only the Americas region reported...
Coworking will likely overtake the tech sector this year as the biggest driver of office leasing in the U.S., JLL anticipates in a recent market report, while major flexible office operators such as WeWork and Spaces continue their rampant expansion. The coworking...
Office investment is picking up in suburban markets. According to a recent office sentiment report from Real Capital Markets, office investors are becoming more bullish on select suburban office markets with strong job growth. In fact, 37% respondents in the survey...
While it will always be the tenants that bring traffic to a development, the real challenge for developers is keeping the traffic on-site for an extended period of time, creating opportunities for both cross-shopping and guest engagement. Increasing dwell time has...
Law firms are placing ever-increasing importance on thoughtful workplace design to attract and retain top talent, making every office build-out or renovation a critical opportunity to win the talent war. With millennials expected to comprise 75 percent of the...
With WeWork planning a September IPO, agile space is an everyday aspect of the real estate industry. CBRE’s report authored by Richard Barkham, Spencer Levy, Julie Whelan, Travis Dees and Brandon Forde highlights this rapidly growing market that still only accounts...
There’s been a lot written about green building – and with good reason. Sustainably-built office buildings are not only a good business decision for developers—making properties more valuable and improving NOI due to reduced maintenance and energy costs—but they also...
According to new quarterly research from Transwestern Commercial Services, for the first time in history, the average rent in Manhattan's office market topped $80 per square foot, closing the second quarter at $80.37, in a strong reporting period that also saw 8.5...
The evolution of technology and the Internet of Things, in particular, is transforming how and where we work, the ways in which we collaborate, and our daily experiences with colleagues. The entrance of younger generations into the workforce is further impacting the...
Our workplaces must keep up with the fast-paced world of business. The traditional model of signing long-term leases, committing extensive capital to an inflexible solution, and then calling it a day is no longer viable. The technology, labor and workplace disruptions...
Femology, a co-working lounge for women entrepreneurs, is moving its headquarters to Detroit's Rivertown Warehouse district, laying the groundwork for a business accelerator aimed at boosting access to venture capital for women. The 3,000-square-foot location at 1804...
Older office buildings with high vacancies often suffer from lack of access to mass transportation or require significant infusions of capital to compete for tenants in today’s market. Landlords struggling with low occupancy may want to consider converting older...
A new study from real estate services firm Cushman & Wakefield (C&W) offers insights into which industries and markets will continue to grow regardless of a real estate correction. The report presents an overall analysis of employment trends in 35 metropolitan...
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