Nick Manes

2 weeks ago | crainsdetroit.com | Nick Manes

Perhaps not all hope is lost for a successful home buying and selling season. Even as inventory of for-sale homes around metro Detroit continues to expand, prices continued to escalate in May, but so, too, did the number of closed sales, according to figures released this week by two residential real estate firms. It's a far cry from what was seen the previous month.

2 weeks ago | crainsdetroit.com | Nick Manes

In a bid to increase compliance, the city of Detroit will pay residential landlords to bring their units up to code. Detroit City Council on Tuesday unanimously approved two contracts that, taken together, will provide $10,000 payments to mostly smaller landlords in the city, those owning just a few rental units. Landlords would take part in a federal that helps property owners tackle lead remediation in aging homes.

2 weeks ago | crainsdetroit.com | Nick Manes

LIV Golf is bringing its final event of the season to Southeast Michigan for the first time later this summer, and that competition could become a recurring event. Scott O’Neil — the newly installed CEO of the Saudi-backed pro golf league that aims to bring a different, more raucous atmosphere to its events than the rival PGA Tour — said Monday that discussions are underway to return LIV’s team championship event to Michigan in the future.

3 weeks ago | crainsdetroit.com | Nick Manes

Plans for an affordable high-rise apartment building on a key site in downtown Ann Arbor are progressing. Announced last year, the planned 20-story tower along Fourth Avenue south of Liberty Street would join a host of other high-rise residential buildings that now dot Ann Arbor’s skyline in and around the city’s central business district and to the south near the main campus of the University of Michigan.

3 weeks ago | crainsdetroit.com | Nick Manes

Rocket Companies Inc. is one step closer to closing its deal to acquire online real estate brokerage Redfin Corp. Shareholders of Seattle-based Redfin (NASDAQ: RDFN) on Wednesday approved the planned acquisition by Rocket, the mortgage and consumer finance giant (NYSE: RKT) headquartered in downtown Detroit. The $1.75 billion all-stock deal aims to position Rocket’s mortgage lending business — the third largest in the nation — even closer to the would-be homebuying consumer.