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Ford paid $90 million for Michigan Central Station

Ford paid $90 million for Michigan Central Station
crainsdetroit.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crainsdetroit.com Daily Mail and Mail on Sunday newspapers.

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United Artists project gets $5M in additional state funding | Crain's Detroit Business

An ongoing redevelopment project in downtown Detroit received more than $5 million in additional state funding.Those working on the redevelopment of the United Artists project — which broke ground in March 2022 — say the added tax increment financing, approved Tuesday by the board of… ....

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AC Hotel at Bonstelle PlayHouse begins construction | Crain's Detroit Business

AC Hotel at Bonstelle PlayHouse begins construction | Crain's Detroit Business
crainsdetroit.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crainsdetroit.com Daily Mail and Mail on Sunday newspapers.

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Cost to renew interest-rate caps skyrockets | Crain's Detroit Business

When interest rates were lower, those caps were inexpensive hedges against the fluctuating interest on their short-term loans. But today, expect some gasps when hearing the rates for those policies. ....

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Commercial mortgage-backed securities delinquency rates creep up during COVID pandemic

Commercial mortgage-backed securities delinquency rates in metro Detroit haven't been this high for this long since the Great Recession.

Still, experts say, the COVID-19-induced increase in borrowers who are behind on commercial real estate loans could have been far worse were it not for… ....

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