Nick Manes

Detroit

Reporter at Crain's Detroit Business

Reporter at @crainsdetroit covering residential real estate and mortgage companies. Husband, biker, golfer, Lions fan. [email protected]

Articles

Ohio attorney general sues UWM, alleging 'predatory business practices'

1 week ago | crainsdetroit.com | Nick Manes

A new lawsuit filed by the Ohio attorney general accuses the nation’s largest mortgage lender of “predatory business practices” in the Buckeye State. In the lawsuit, filed Thursday in an Ohio court, Ohio Attorney General Dave Yost accused executives at Pontiac-based United Wholesale Mortgage of “conspiring with brokers to rip off Ohio consumers,” according to a news release announcing the lawsuit, which seeks a jury trial and damages.
$18M 'deeply affordable' apartment building opens near Corktown

1 week ago | crainsdetroit.com | Nick Manes

On Thursday, a new $18 million affordable apartment development west of the booming Corktown neighborhood formally opened its doors to residents. The 40-unit “deeply affordable” Campbell Street Apartments is in Detroit’s East Chadsey Condon neighborhood along Michigan Avenue, between Junction and Livernois avenues.
Guy Gordon out at radio station WJR amid financial cutbacks

1 week ago | crainsdetroit.com | Nick Manes

A familiar voice on Detroit radio and television is leaving WJR amid what he said are financial cutbacks at the station. Guy Gordon, 66, a Detroit media veteran and on-air host at WJR 760 AM since 2017, has left the station, he confirmed to Crain’s on Tuesday morning. A message seeking comment from a WJR station executive was not immediately returned.
Duggan: There's a way to do a tariff strategy that could help Michigan, but this isn't it

1 week ago | crainsdetroit.com | Nick Manes

Detroit Mayor Mike Duggan hopes for a “bipartisan solution” on tariffs, but given current politics, is skeptical of such an outcome. Duggan, who is now running for Michigan governor while continuing to focus on his role as CEO of the state’s largest city, said Monday that given the economic interconnectedness of the Canadian province of Ontario and metro Detroit, tariffs are sure to cause considerable pain.
Who's buying all the houses? Boomers — and they're bringing cash

1 week ago | crainsdetroit.com | Nick Manes

After 30 years in Grosse Pointe, Suzanne and John Conroy decided to move closer to family on further west in metro Detroit. In the summer of 2023, the couple closed on the purchase of a 1,500-square-foot home in Royal Oak, near 12 Mile Road and Main Street. Suzanne Conroy, 66, says the area offers a walkable feel and “such a nice quality of life.” To be sure, a move of just over 20 miles across one large metropolitan area may seem like an ordinary event, but it also speaks to an emerging trend.
Spring homebuying season starts to bloom as buyers weigh economic uncertainty

2 weeks ago | shorturl.at | Nick Manes

Nick Manes is a reporter covering residential real estate and local mortgage companies as well as the Detroit mayoral race for Crain’s Detroit Business. He previously covered finance and tech startups. He joined Crain’s in 2020 after six years as a reporter at MiBiz.
Spring homebuying season starts to bloom as buyers weigh economic uncertainty

2 weeks ago | crainsdetroit.com | Nick Manes

The typically busy spring home buying and selling season in Michigan began to emerge in March, but events of the last week have clouded the view of what lies ahead.
Tariffs put a damper on corporate dealmaking, but opportunities still exist

2 weeks ago | crainsdetroit.com | Nick Manes

President Donald Trump’s highest-in-a-century tariffs took effect just after midnight Wednesday morning, leading to uncharted territory for corporate dealmakers. A group of them — private equity executives, turnaround consultants and investment bankers — were on stage just eight hours after the protectionist tariffs officially became U.S. trade policy, and said “uncertainty” is the word of the day and for the foreseeable future.
As competitors get in the game, UWM goes 'all in' on artificial intelligence

2 weeks ago | crainsdetroit.com | Nick Manes

Count United Wholesale Mortgage as the latest metro Detroit housing finance company to go big on artificial intelligence. A new partnership with a Silicon Valley tech giant equips the Pontiac-based mortgage lender with the ability to more than double its underwriting capabilities through the use of large language models and machine learning tools. Doing so, executives say, will help the wholesale lender better equip mortgage brokers who work on behalf of homebuyers.
New Vision Lansing starts project to revitalize downtown Lansing

2 weeks ago | crainsdetroit.com | Nick Manes

Work began Monday on a nearly $318 million housing development in the central business district of Lansing, Michigan’s capital city. The developers of the Tower on Grand and four other housing and mixed-use developments hosted a ceremonial groundbreaking for the planned 28-story apartment building just blocks from the state Capitol in downtown Lansing.