Kirk Pinho

Detroit

Senior Reporter at Crain's Detroit Business

Senior reporter covering commercial real estate for Crain's Detroit Business.

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Articles

Detroit City FC soccer club buys more land for new stadium

1 week ago | crainsdetroit.com | Kirk Pinho

The Detroit City FC soccer team is purchasing more land for its proposed 15,000-seat stadium and a mix of other uses it envisions around the arena in southwest Detroit. Last month, the Detroit Land Bank Authority board signed off on selling nine parcels to an affiliate of the wildly popular men’s and women’s soccer teams that currently make their home at the roughly 7,200-seat Keyworth Stadium in Hamtramck.
Tesla takeover of suburban Detroit shopping center parking lot lands property owner in hot water

1 week ago | ca.finance.yahoo.com | Kirk Pinho

A shopping center with a shuttered Bed Bath & Beyond store is in violation of a Detroit suburb’s city code for storing dozens of Tesla Inc. vehicles on its surface parking lot. In a statement, Charmaine Kettler-Schmult, director of planning and community development for Farmington Hills, Mich., said the landlord of the Hunter’s Square shopping center has “been notified that storage of vehicles is not a permitted use.”“The enforcement process is being followed and takes time,” Kettler-Schmult said.
New stores, arcade to take over former Sears space at Twelve Oaks Mall

1 week ago | crainsdetroit.com | Kirk Pinho

The former Sears store at Twelve Oaks Mall in Novi is getting new uses. Dick’s Sporting Goods Inc. is planning to open a Dick’s House of Sport location there and other users are expected to join the space, which is more than 200,000 square feet. Other retailers include fast-casual clothing and housewares store Primark and Round 1, a family entertainment center with bowling and arcades.
Tesla takeover of suburban Detroit shopping center parking lot lands property owner in hot water

1 week ago | autonews.com | Kirk Pinho |C.J. Moore |Joel Feder

Retailers selling only used vehicles took advantage of strong demand in 2024. See our list.
Owners of metro Detroit office buildings underwater on loans as value tanks

1 week ago | crainsdetroit.com | Kirk Pinho

A New York City-based landlord swooped into metro Detroit in 2017 and dropped $74 million on the storied Bank of America office building in Troy. Eight years later, the building is worth barely one-third of that, appraisers say, and its owner, Sol Gutman, is deeply underwater on his and his investors' commercial mortgage-backed securities loan. It showcases a pesky sign of stress that some office landlords are facing in their properties.
Tesla takeover of former Marvin’s museum lot lands property owner in hot water

1 week ago | crainsdetroit.com | Kirk Pinho

A shopping center that for decades housed the beloved Marvin’s Marvelous Mechanical Museum is in violation of Farmington Hills city code for storing dozens upon dozens of Tesla vehicles on its surface parking lot.
Western wear retailer plans store at Hudson's Detroit

2 weeks ago | crainsdetroit.com | Kirk Pinho

Giddy-up, Detroit. Tecovas, a Texas maker of Western wear like cowboy boots and other apparel, appears to be planning a store at Dan Gilbert’s Hudson’s Detroit development. A map of downtown retail and other outlets obtained by Crain’s lists Tecovas as an occupant at the 12-story office component of the Hudson’s Detroit project, the $1.4 billion mixed-use development replacing the former J.L. Hudson’s department store tower.
JPMorgan Chase Birmingham building tops out

2 weeks ago | crainsdetroit.com | Kirk Pinho

The structural steel has topped out at a new $80 million mixed-use development in downtown Birmingham. The milestone is a significant step toward completing the 135,000-square-foot, four-story building at 370 Brown St. It’s going to be anchored by a new $15 million JPMorgan Chase & Co. office that will clock in at 42,000 square feet. Wealth management and commercial banking services will be offered in the building.
William Hobbs, founder, CEO of Hobbs + Black, dies at age 88

2 weeks ago | crainsdetroit.com | Kirk Pinho

The founder and CEO of a prominent metro Detroit architecture firm died on Friday. William Hobbs, who started Ann Arbor-based Hobbs + Black Associates Inc. along with Richard Black in 1965, was 88. Hobbs’ obituary describes him as an avid University of Michigan sports fan, particularly of the football and basketball teams for which he was a season ticket holder.
Historic Indian Village mansion eyed for boutique B&B

2 weeks ago | crainsdetroit.com | Kirk Pinho

A small vacant East Jefferson Avenue building in Detroit’s Indian Village neighborhood is being eyed for conversion into a bed and breakfast. If the project just east of Seminole Street comes to fruition, it would become at least the second boutique hospitality redevelopment in the area, following the 2022 conversion of the Frederick Stearns House into an inn. That property is at East Jefferson and Parker Street.