Microsoft is investing $500 million to tackle Seattle housing crisis

REDMOND, Washington — Microsoft Corp. announced on Wednesday that it will be investing $500 million  to preserve existing affordable housing, spur construction of new units, and partner with nonprofits to address the affordable housing crisis on the Eastside of King County and the Puget Sound region. “If we’re going to make progress, we’ll all need to…

Texas Longhorns to get World-Class $338 million Basketball Facility

AUSTIN, Texas — The University of Texas at Austin (UT) and a group led by the Oak View Group (OVG) will build a world-class arena on campus that will be home to Texas Men’s and Women’s basketball games, graduations, concerts and other events. It is expected to be opened in 2021. The innovative 35-year agreement…

Monroe Blocks Development Breaks Ground in Downtown Detroit

DETROIT, Michigan — Dan Gilbert Monroe Blocks development breaks ground in downtown Detroit — along with the tower at the Hudson’s site. Both are expected to be completed by the end of 2022. “Monroe Blocks is the kind of special project that only comes along once or twice over the course of a career in…

Inside the massive $10.5 million mansion in Bloomfield Township, MI

BLOOMFIELD TOWNSHIP, Michigan — Have a look inside the massive $10.5 million mansion in Bloomfield Township, Michigan. The property is a 17,000-square-foot, Italian villa-style mansion in Bloomfield Hills’ gated Turtle Lake community. The three-story, 10,108 square foot villa includes six bedrooms and 10 baths, and features amenities including a pool and spa in the center…

Dan Gilbert selling Greektown Casino-Hotel for $1 billion

DETROIT, Michigan — Dan Gilbert announced that his JACK Entertainment LLC (“JACK Entertainment”) has entered into a contract to sell Greektown Casino-Hotel for $1 billion cash, pending regulatory approval. Under the terms of the agreements, Penn National will acquire the operating assets of Greektown for approximately $300.0 million, and VICI Properties will acquire the land…

Airbnb Surpasses 400 Million Guest Arrival Milestone

NEW YORK, New York — Airbnb passed an important milestone. According to Greg Greeley, President of Homes — Airbnb has surpassed 400 million guest arrivals to date. Greeley made the announcement while speaking at the Skift global travel conference in New York this past week. The milestone was reached on August 26, the same month…

Ford expects to spend $740 Million on Corktown Campus

DETROIT, Michigan — Ford Motor Co. announced through its real estate arm, that it plans to spend as much as $740 million on its planned 1.2 million-square-foot Corktown campus, company officials announced Tuesday night. The automaker said it expects to seek $250 million over 34 years through local, state, federal tax incentives to offset the…

Brewster-Douglass site to get $300M development with 913 housing units

DETROIT, Michigan — According to Crain’s Detroit, businessman Dan Gilbert’s real estate firm Bedrock, plans to transform Detroit’s old Brewster-Douglass public housing towers would be transformed into a $300 million-plus residential development of 913 apartments, condos and townhouses. A representative for the Bedrock firm confirmed the general outline of the plan on Thursday. The plan,…

Bill Ford Jr. and Ford Aims to Revive Michigan Central Train Station

DETROIT, Michigan — Ford Motor Companies Bill Ford Jr. revealed his plan to transform the newly-acquired Michigan Central Station into the “centerpiece” of a new campus in Detroit’s Corktown neighborhood. “It feels like there is a kid inside of you that is giddy and can’t wait to come to work here,” said Bill Ford Jr….

Shaq puts Florida Mansion on Sale for $28 Million

ORLANDO, Florida — NBA Hall of Famer, Shaquille O’Neal has put his 28-room lakefront mansion near Orlando, Florida on the market at $28 million. According to the Wall Street Journal, Shaq has placed his 31,000-square-foot home in Windermere, Fla., on the market. The 12-bed, 13-bath mansion includes a full-sized basketball court, movie theater, 17-car garage…