Owners of Ambassador Bridge purchase Bel Air Centre in Detroit

DETROIT, Michigan — According to the Detroit News, Crown Enterprises LLC, the owner of the Ambassador Bridge has purchased  the Bel Air Centre in Detroit for $6.7 million in October. The 450,000-square-foot shopping center includes the Bel Air Luxury Cinema, which has 10 movie screens. Other tenants include Forman Mills department store and a medical marijuana facility. Crown Enterprises…

Capital One Cafe to open in Downtown Detroit in 2020

DETROIT, Michigan — Birmingham’s Elia Group has acquired the 511 Building in Detroit from Wayne County. It is set to reopen in late 2020 with a Capital One Café as its first tenant. The Elia Group, a Birmingham-based real estate development company, has closed on the purchase of 511 Woodward Ave. in downtown Detroit with…

Isabella Löwengrip sells Luxury Villa in Lidingö, Stockholm

STOCKHOLM , Sweden —  Isabella Löwengrip who was recognized as Sweden’s most powerful business woman in 2018, Founder of Lowengrip — sold her luxury villa in Stockholm’s Lidingö. The 29-year-old who is also known as “Blondinbella,” purchased the 350 square meter luxury villa — which includes nine rooms back in 2017.  It is characterized by…

Pharrell Williams, Reserve Properties and Westdale Properties unveil residential collaboration in Toronto

TORONTO, Canada — Reserve Properties and Westdale Properties announce an unprecedented collaboration with Pharrell Williams on a new two-tower, residential development at Yonge and Eglinton, the epi-centre of Toronto. Untitled is the culmination of a multi-faceted design process that saw the internationally acclaimed artist, musician and designer collaborate with an extended project team, including architects IBI Group and Interior Designers U31,…

Apple commits $2.5 billion to combat housing crisis in California

CUPERTINO, California — Apple announced a comprehensive $2.5 billion plan to help address the housing availability and affordability crisis in California. As costs skyrocket for renters and potential homebuyers — and as the availability of affordable housing fails to keep pace with the region’s growth — community members like teachers, firefighters, first responders and service…

Gilbert, Ross partner to bring “innovation center” to downtown Detroit

DETROIT, Michigan — Real estate mogul Stephen Ross, a Detroit native and U-M alumnus, and Detroit businessman Dan Gilbert are partnering to bring an “innovation center” in downtown Detroit on the site of the aborted Wayne County jail project. The development is part of a $300 million-plus development, with the University of Michigan which will include a hotel…

Trump International Hotel and Tower named the best in the World

NEW YORK, New York — The Trump International Hotel and Tower in New York has been named as the best hotel in the world by readers of Luxury Lifestyle Magazine —  a luxury travel magazine. Luxury Lifestyle Magazine asked its readers to vote for their best travel experiences from a list of the world’s top 10…

Private equity firm buys Grand Hotel on Mackinac Island

MACKINAC, Michigan — KSL Capital Partners, LLC (KSL) and the Musser family announced today that they have entered into a definitive agreement under which an affiliate of KSL will acquire the Grand Hotel from the Musser family, whose legacy with the hotel dates back over 85 years. Dan Musser III will remain Chairman, providing leadership…