News Summary A new initiative, the ‘Make My Move’ program, launched in May 2025, is offering $5,000 in down payment assistance to first-time homebuyers in Southwest Michigan. Targeting Van Buren, Berrien, and Cass counties, the program aims to alleviate housing challenges while promoting local economic growth. With over 700 applications
News Summary Six JCPenney stores in Michigan are set to be sold as part of a $947 million deal involving 119 properties, finalized by Onyx Partners. These operational stores are part of JCPenney’s ongoing restructuring after its bankruptcy in 2020, aimed at reducing debt and modernizing operations. Following the recent
News Summary A report from the National Low Income Housing Coalition highlights a growing housing crisis for Michigan renters, with the income needed for a two-bedroom apartment rising to $24.46 per hour. This contrasts sharply with the state’s minimum wage and average renter wages. The report indicates a significant disparity
News Summary The Michigan Department of Natural Resources is holding its annual surplus land auction from August 1 to September 5, featuring 126 properties across Michigan’s counties. These parcels, deemed surplus due to limited public use potential, will be available for bidding. Interested bidders can preregister to participate, and profits
News Summary Chicago’s real estate sector sees a notable change as Sterling Bay and Magellan Development Group sell the Millie on Michigan tower to Cedar Street and Kayne Anderson Real Estate. This 47-story mixed-use building features 289 luxury apartments and retail space, marking a significant deal amidst ongoing multifamily sales
News Summary A remarkable lakefront estate at 9371 Onominese Trail in Northport, Michigan, is listed for $5.95 million. This modern property features over 500 feet of private Lake Michigan shoreline on a secluded three-acre lot. With spacious living areas, luxury amenities, chef’s kitchen, a geothermal system for energy efficiency, and
News Summary Michigan lawmakers are advancing a “Tenant Empowerment Package” aimed at enhancing renters’ rights. Key proposals include requiring landlords to promptly address repairs and extending notice periods for rent increases. The legislation seeks to improve tenant safety and accountability among landlords amid a rising housing crisis. With a supportive
News Summary A breathtaking estate featuring two homes is now on the market in Mears, Michigan, for $6.7 million. The property boasts 687 feet of private beach on Lake Michigan and is surrounded by beautiful woodland. With a renovated farmhouse and barn house, this unique estate offers ample space and
News Summary Detroit is set to welcome a new luxury NoMad hotel atop the revamped Michigan Central Station by 2027. The hotel will feature nearly 180 rooms, dining options, and is part of a broader initiative by Ford to revitalize the Corktown area. The project aims to create job opportunities
News Summary The iconic Michigan Central Station in Detroit is set to add a new luxury hotel, NoMad Detroit, by early 2027. With approximately 180 guest rooms, including 30 suites, the hotel aims to revitalize the Corktown community while preserving the station’s historical significance. Features include a wellness center, an
