Historic mid-century commercial building under renovation on an urban streetscape with scaffolding and new storefronts

Business News

Arthur Murray Building Redevelopment Brings Housing and Retail to East Warren Corridor

Detroit, Michigan, October 30, 2025 Developer Emery Matthews is leading a $14.9 million redevelopment of the long-vacant Arthur Murray Building on East Warren Avenue, converting the early 1950s structure into 32 apartments and about 7,900 square feet of ground-floor retail. The project aims to provide affordable housing and community-focused commercial space,

October 30, 2025 11:32 pm

A picturesque view of Sakura Novi with cherry blossoms and a tranquil pond

Michigan Business News

Novi Unveils Sakura Novi: Michigan’s First Asian-Inspired Development

News Summary Novi, Michigan, proudly opens Sakura Novi, a mixed-use development that celebrates Asian culture. Featuring Sakura Gardens, a Japanese-inspired park, the project transforms a vacant site into a vibrant hub for community interaction and cultural experiences. With over 130 townhomes and plans for various Asian restaurants and shops, the

October 26, 2025 8:53 am

Variety of senior housing options in a northern Michigan community

Michigan Business News

Northern Michigan Faces Senior Housing Crisis

News Summary The Grand Traverse area is confronting a significant housing shortage for seniors, with over 30,000 residential units needed by 2027. The demand for affordable and appropriate living arrangements for older adults is escalating, with particular challenges for those on fixed incomes. Local leaders are calling for urgent action

October 13, 2025 8:54 am

Scenic view of Northern Michigan showcasing senior housing options.

Michigan Business News

Northern Michigan Faces Severe Senior Housing Shortage

News Summary Northern Michigan is experiencing a significant shortage of senior housing, with a projected shortfall of over 30,000 units by 2027. A recent assessment highlights the urgent need for affordable and appropriate options for seniors, especially those on fixed incomes. The challenges imposed by a growing elderly population, including

October 12, 2025 8:50 am

Courtroom setting with legal documents and gavel representing tax foreclosure case.

Michigan Breaking News

Supreme Court to Hear Major Tax Foreclosure Case

News Summary The U.S. Supreme Court will hear the pivotal case of Michael Pung v. Isabella County, addressing crucial property rights in tax foreclosures. The dispute centers on an estate’s tax bill that led to a foreclosure sale significantly below the home’s assessed value. Legal experts believe the outcome could

October 4, 2025 8:51 am

Construction of a multi-tenant facility in Walker

Michigan Business News

Visser Brothers to Build New Multi-Tenant Facility in Walker

News Summary Visser Brothers announces plans for a new 147,790-square-foot multi-tenant facility in Walker’s Northridge Industrial Park. Construction will start this winter without pre-committed tenants, reflecting the developer-friendly environment of the area. The project is expected to create about 100 jobs and involves an investment exceeding $10 million. With favorable

September 12, 2025 8:58 am

Luxury estate featuring a mansion and beautiful landscaping

Michigan Business News

Historic Estate in Michigan Sells for $12.8 Million

News Summary A luxurious 17,000-square-foot estate in Washtenaw County has set a new benchmark for real estate sales in Michigan with a closing price of $12.8 million. Spanning nearly 100 acres, the property was previously owned by businessman Louis Ferris and showcases a stunning architectural design inspired by Frank Lloyd

September 3, 2025 8:53 am

New housing developments in Muskegon, Michigan

Michigan Business News

Muskegon Enhances Infrastructure and Affordable Housing

News Summary Muskegon, Michigan is taking important steps to revitalize its infrastructure and create affordable housing. Recent developments include a 144-apartment housing project and industrial expansion efforts aimed at promoting economic growth. Local officials have approved critical rehabilitation certifications and tax incentives to support these initiatives, addressing the urgent need

September 1, 2025 8:58 am

Luxury homes along the shore of Walloon Lake in Michigan

Michigan Business News

Walloon Lake Named Most Expensive Lakefront Market in the U.S.

News Summary A recent study has revealed that Walloon Lake in Northern Michigan is the most expensive lakefront home market in the U.S., with an average listing price of $6.44 million. This price surpasses Lake Sherwood’s $6.15 million and Lake Tahoe’s $3.83 million. Over three months, Walloon Lake saw total

August 29, 2025 9:03 am

Illustration of diverse housing developments in Michigan as part of the MI Home Program

Michigan Business News

Michigan Launches MI Home Program to Combat Housing Shortage

News Summary Michigan is tackling its housing shortage with the launch of the MI Home Program, aiming to construct or rehabilitate 10,000 homes over five years with an $800 million budget. This initiative includes local zoning changes and an Employer-Assisted Housing Fund to support affordable housing solutions. Experts highlight the

August 21, 2025 9:26 am