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NAI Farbman closes sale of key office property in Detroit suburb
NAI Farbman recently helped close the sale of a key office building in the Detroit suburb of Southfield, Mich. Real Ventures Southfield Centre LLC in early January purchased the Southfield Centre from...
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A new prescription: A look at the changing world of healthcare real estate
Andrew Farbman Guest post by Andrew Farbman CEO, Farbman Group Already one of the fastest growing real estate sectors, medical office space seems poised for continued growth in the wake of the 2012...
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Place-Making: Creating a community in a first-ring suburb of Detroit
Southfield officials hope to create a pedestrian-friendly, 24-hour city center. by Dan Rafter The Detroit suburb of Southfield sprang to life during the auto-dominated post-World War II era. This means...
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Farbman Group making an impact with spec office suites, shared work spaces
by Dan Rafter An example of Farbman Group’s spec office suites, this one located at 200 W. Monroe St. in downtown Chicago. Finding small office suites in major cities — suites ranging from 800 square...
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Succeeding in property management? It’s not easy
Michael Kalil by Dan Rafter Property management has become an increasingly popular way for commercial real estate firms to add to their bottom lines. But succeeding in property management is no simple...
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Sharks, angels, crowds and the SEC: Who killed the crowdfunding buzz?
By Michelle Harrell Maddin, Hauser, Roth & Heller, PC Michelle Harrell Crowdfunding is white hot with popularity and has emerged as a capital formation tool and a way for nearly anyone to...
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To sell or not to sell? Even Hamlet wouldn’t puzzle over this one
Bill Bubniak by Bill Bubniak Executive Vice President, Farbman Group “To sell or not to sell?” Hamlet himself would have had no trouble making this decision. Across the Midwest, a convergence of market...
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Consolidations keep hitting Michigan’s healthcare market
Michael Kalil by Dan Rafter Consolidations have long been a trend in healthcare real estate, with large medical providers merging with or acquiring other health systems in big numbers. That trend has...
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Investors targeting office properties in Columbus, Chicago, Detroit and other...
Andy Farbman By Andy Farbman CEO, Farbman Group The Midwest commercial real estate market continues to heat up. Office product, in particular, is performing well. And while prices are up in markets...
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Broker Beware: Michigan court ruling on escrow accounts and broker’s liens...
Mark Plaza By Mark Plaza, Maddin, Hauser, Roth & Heller, P.C. Here’s a warning to Commercial Real Estate Brokers: “Two wrongs don’t make a right.” Be sure to release your broker’s lien upon the...
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What happens when a shopping mall dies
A quiet Northland Center mall in its last days. by Dan Rafter Northland Center Mall in Southfield, Michigan, was once the busiest of places. First opening to the public in 1954, the mall featured a...
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A risk that paid off: Paul Davis and Affordable Housing Advisors on pace for...
When not working, Paul Davis likes to spend time with his family. by Dan Rafter Paul Davis founded Southfield, Michigan-based Affordable Housing Advisors in 1987. Today, the company, a division of...
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Surprise! Strip malls aren’t always ugly
by Dan Rafter Strip malls are ugly, right? Not necessarily. Midwest Real Estate News recently asked the retail brokers at Southfield, Michigan’s Farbman Group for examples of retail strip centers that...
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Clocking In: Strategies real estate professionals can use to attract...
Andy Farbman Guest post by Andrew Farbman, CEO, Farbman Group With an increasingly competitive Midwest office market continuing to perform well, there is renewed interest in different categories of...
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If you build it, they will Come — But can you deduct it?
Mark Sutton Guest post by Mark Sutton, Plante Moran If you work in commercial real estate, or if you own or manage significant residential rental properties, you’ve probably gotten to know your tax...
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Walgreens, Rite Aid consolidation to provide new opportunities for rivals?
Ron Goldstone by Dan Rafter It’s uncertain how many drug stores across the Midwest will close if Walgreens eventually buys its smaller rival Rite Aid. But Ron Goldstone, senior vice president of retail...
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Detroit a tech hub? You bet
Information courtesy of JLL. by Dan Rafter When you think of tech hubs, what comes to mind? Silicon Valley, right? Maybe New York City? But what about Detroit? You might be surprised to learn that...
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Higher-end finishes the key for office tenants in 2016 and beyond
Ron Mrozek By Ron Mrozek, Huntington Construction At a time when commercial development has settled into a pattern of steady growth after the turbulence and tumult of the late 2000s recession and...
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Partly Sunny: The state—and states—of the Midwest real estate market
William Bubniak By William Bubniak, Executive Vice President, Farbman Group While tougher times may be on the horizon for certain property segments, and there are certainly differences between specific...
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The early signs of a tech boom in CRE
Andy Gutman By Andy Gutman, Farbman Group While the real estate industry has generally not been an early adopter of new technologies, the last several years have been different—we have seen the...
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