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The Week In Detroit: Commercial Property Purchases

Over the past few weeks, it’s been challenge to open up the paper and not see someone snatching up prime Detroit commercial real estate. With a new appreciation for Detroit landmarks, more and more companies are purchasing historic locations and renovating them to their full potential. The success of creative minds that have reestablished the…

Detroit Shuts Off Water For Thousands

In an effort to enforce movement and an upward motion to bankruptcy recovery for the city, Detroit water officials have started buckling down on past-due bills. Over 3,000 customers per week have started seeing their water shut off, due to delinquent bills that have exceeded $150 or more. Detroit city representatives say that the process…

Demolition In Detroit: Which Buildings Do You Chose?

Matthew Moroun is the vice president of the Detroit International Bridge Company (DIBC), and often finds himself facing some difficult decisions. His company owns several vacant buildings in the city of Detroit, and it’s his job to decide what to restore, what to tear down, and how to usefully utilize the land. Recently, the DIBC…

Detroit’s Global Approach To Entrepreneur’s

Most stories about Detroit start off the same; hurting economy, distressed housing market, and a significant decrease in population. However, contrary to the headlines, people all over the world are flocking to Detroit, in hopes for a better tomorrow. An influx in immigrants started piling into the city, as everyone else moved their way out….

Giving Your Real Estate More Curb Appeal When Looking to Sell

Own It Detroit knows that first impressions are key to any real estate transaction. When looking to sell your home, you have significant control over the price of the sale, just by tweaking a few things in and around your home. Step outside of your home, walk a short distance away from it, and realistically…

$1 Million Business Investment Boosts Local Economy

With the ever-expanding areas of Midtown buzzing for the summer, the exciting news of Selden Standard has come just in time for everyone to look forward to fall. This small plates restaurant is scheduled to open in Detroit’s Midtown in the fall of 2014, with a seasonal rotation of fare. Selden Standard will be operated…

Reversed Mortgaged To Assist Spouses In Keeping Homes

A new rule of ‘reversed mortgages’ is being promoted by former Senator, Fred Thompson, as a means of bringing people back to living in their glory days. However, pitfalls have started to emerge with this product, and federal agencies are working tireless to alleviate the issues. As of August 4th, 2014, a new set of…