This Is What Detroit Could Look Like In 2033 … And Beyond

This Is What Detroit Could Look Like In 2033 … And Beyond

December 1, 2013 by · Leave a Comment 

If you’ve never been to Detroit and only know what you see in the news, a story about the city’s future could seem confusing. Change is brewing in the Motor City. New projects are targeting investment in hotspots like downtown and Midtown, and the city’s neighborhoods could see major transformations under long-term plans like Detroit […]

Wayne State approves $60M retail-residential complex for Midtown

Wayne State approves $60M retail-residential complex for Midtown

November 23, 2013 by · Leave a Comment 

Kim Kozlowski The Detroit News Detroit— A $60 million apartment, retail, hotel and conference center is slated for Midtown following approval Friday by the Wayne State University Board of Governors. The board approved a memorandum of understanding and long-term lease with Broder & Sachse Real Estate Services, which will develop the 1.5-acre site at Cass […]

Detroit Development Projects, Real Estate Investments Are Booming In 2013

Detroit Development Projects, Real Estate Investments Are Booming In 2013

June 6, 2013 by · Leave a Comment 

Midtown has arguably become Detroit’s most successful — and talked about — district for new commercial and real estate ventures. Mixed-use projects like The Auburn apartments and Willys Overland Lofts are filling their ground floors with new retail ventures, and new construction is ramping up at sites like the former Stone Pool Park, slated to […]

Detroit 2025: After the Recession, a City Reimagined

Detroit 2025: After the Recession, a City Reimagined

October 9, 2012 by · Leave a Comment 

The year is 2025. Detroit, the poster child of the Great Recession, is emerging as a model of urban life. The transformation could be called a miracle but for the fact that the change was wrought by the very things that first made Detroit great: innovation, industriousness, and a will to win against all odds. […]

DNR expects a million visitors a year to Detroit riverfront discovery center

DNR expects a million visitors a year to Detroit riverfront discovery center

May 22, 2012 by · Leave a Comment 

Artists rendering of the Milliken State Park Interpretive Center to be located in the historic Globe Building on Detroit’s east riverfront. / Detroit Economic Development Corp. By John Gallagher Detroit Free Press Business Writer The Michigan Department of Natural Resources said this morning it anticipates as many as a million visitors a year coming to […]

What Is Detroit? A City, An Industry, An Idea

What Is Detroit? A City, An Industry, An Idea

February 12, 2012 by · Leave a Comment 

Micheline Maynard, Contributor Joann Muller, Forbes Staff By now, you’ve probably heard these words, spoken in a famous, raspy voice, during Chrysler’s commercial during half time of the Super Bowl. “This isn’t a game. The people of Detroit know a little something about this. They almost lost everything. But we all pulled together. Now, the […]

Bing to cops: Move to city, get $1,000 home, fix-it funds

Bing to cops: Move to city, get $1,000 home, fix-it funds

February 8, 2011 by · Leave a Comment 

Here is a spectacular initiative by the City to improve living conditions for residents. Leonard N. Fleming / The Detroit News Detroit — Mayor Dave Bing today announced an unprecedented program to entice police officers to move back into the city by offering ownership of 200 tax-foreclosed homes in two of the city’s most stable […]

Quicken’s move could inspire more firms to come downtown

Quicken’s move could inspire more firms to come downtown

August 24, 2010 by · Leave a Comment 

BY JOHN GALLAGHER FREE PRESS BUSINESS WRITER When 700 employees of Quicken Loans arrived for work Monday at the Compuware building, they each found a gift bag stuffed with discount coupons from nearby downtown restaurants and shops very eager to make their acquaintance. Long-suffering businesses downtown have been eagerly awaiting Quicken’s move from suburban Livonia, […]

Downtown Detroit to get 4,700 more workers

Downtown Detroit to get 4,700 more workers

August 24, 2010 by · Leave a Comment 

Quality of life to improve BY JOHN GALLAGHER FREE PRESS BUSINESS WRITER After suffering years of depletion and brutal recession, downtown Detroit is about to get an infusion of new people as two firms plan to move a total of 4,700 workers downtown. The long-awaited move by online mortgage giant Quicken Loans will take place […]

Housing Markets That Will Be Strongest by 2014

Housing Markets That Will Be Strongest by 2014

August 10, 2010 by · Leave a Comment 

By Venessa Wong, Bloomberg Businessweek Aug 4, 2010 Where will prices rebound most by state? A housing market rebound seems tenuous following the expiration of the home buyer tax credit, and consumer confidence remains weak due to lackluster employment, but David Stiff, chief economist at Fiserv, says the bottom is near. Home prices in the […]

Berry Gordy’s former residence goes on sale for $1.395M

Berry Gordy’s former residence goes on sale for $1.395M

July 15, 2010 by · Leave a Comment 

By GRETA GUEST FREE PRESS BUSINESS WRITER Berry Gordy’s former residence in Detroit’s Boston-Edison neighborhood will go up for sale on Monday. The asking price: $1.395 million. The house features nine bedrooms, five full bathrooms and four half-baths plus a five-car garage and a 4,000-square-foot pool house, said Kenan Bakirci, the listing agent who works […]

Michigan to offer $154M in U.S. aid to borrowers

Michigan to offer $154M in U.S. aid to borrowers

July 15, 2010 by · Leave a Comment 

By GRETA GUEST FREE PRESS BUSINESS WRITER Michigan’s plan to spend $154.5 million in federal funds to help those hardest hit by the economy has gained federal approval and will be available starting July 12. The funds – targeted at helping borrowers facing pay cuts or job losses keep their homes – are expected to […]

Structurally sound houses for under $20,000 (US)

Structurally sound houses for under $20,000 (US)

June 12, 2010 by · Leave a Comment 

Detroit Progress isn’t the only company selling cheap Motor City homes. Azar said the owners originally got into the business “to flip houses just for the money.” But they named the company Detroit Progess “because the city’s so messed up and we want to try and help it.” Azar said the properties are structurally sound […]

60 Minutes Episode: Mortgages Walking Away

60 Minutes Episode: Mortgages Walking Away

May 14, 2010 by · Leave a Comment 

It’s estimated that one million Americans walked away from homes “underwater” or worth less than their mortgages even though they could afford the payments. Morley Safer reports on this trend, called strategic default, that threatens the economic recovery. Extra: Are Mortgage Walkaways Going Viral? Extra: YouWalkAway.com Extra: The Case For Walking Away From Your Mortgage […]

Big plans for the future Detroit

Big plans for the future Detroit

April 5, 2010 by · Leave a Comment 

A challenging list of projects can reshape city in the next decade Closing schools creates a smaller, modernized school system In a sweeping 5-year, $1-billion plan, 41 school buildings and 1 support building are slated for closure in June, with another 13 to be closed by 2012. DPS officials based this redesign in part on […]

Bank offers mortgage relief

March 27, 2010 by · Leave a Comment 

Plan is part of Countrywide settlement BY IEVA M. AUGSTUMS ASSOCIATED PRESS CHARLOTTE, N.C. — Bank of America is giving some of its most troubled mortgage borrowers relief from the threat of foreclosure. The bank, the largest mortgage servicer in the country, said Wednesday it will forgive up to 30% of some customers’ total mortgage […]

U.S. to increase housing loans

March 27, 2010 by · Leave a Comment 

$14 billion to help jobless owners refinance via FHA BY GRETA GUEST FREE PRESS BUSINESS WRITER The Obama administration said Friday that it would widen the reach of its home loan modification program, which could help thousands of unemployed and underwater Michigan homeowners. The Home Affordable Modification Program, criticized for its slow pace and low […]

In One Home, a Mighty City’s Rise and Fall

In One Home, a Mighty City’s Rise and Fall

September 26, 2009 by · Leave a Comment 

By MICHAEL M. PHILLIPS DETROIT — On a grassy lot on a quiet block on a graceful boulevard stands the answer to a perplexing question: Why does the typical house in Detroit sell for $7,100? The brick-and-stucco home at 1626 W. Boston Blvd. has watched almost a century of Detroit’s ups and downs, through industrial […]

$1 Houses Video

September 7, 2009 by · Leave a Comment 

Here is a video we shot of one of the “war zone’ neighborhoods.  These are those $1 houses everyone has been talking about in the news!! Call us at 248.802.4200 if you are in the market for serious real estate investments.

Detroit has plenty to offer Final Four fans

March 29, 2009 by · Leave a Comment 

Detroit is about to go hoops crazy as the NCAA Final Four fans start rolling into town next week, not a moment too soon for a region eager for some fun. The Final Four championship games will be held Saturday and Monday at Ford Field, home of the Detroit Lions, and downtown hoteliers and bar […]

Home Foreclosure Prices Now Starting at One Dollar

March 29, 2009 by · Leave a Comment 

Everyone is talking about the $1 home in Detroit, but is it really worth it? Now is the time to buy a home. Banks are giving homes away, right now. If you go to www.realtor.com, the official website of the National Association of Realtors, you can search for homes listed for sale with Realtors, and […]

$86 million film studio planned for former MGM Grand casino

$86 million film studio planned for former MGM Grand casino

March 29, 2009 by · Leave a Comment 

The vacant Detroit building formerly used as MGM Grand’s temporary casino will be transformed this year into an $86 million Hollywood-style digital animation and visual effects studio directly employing more than 400 people. The Detroit Center Studios is a partnership between Wonderstruck Studios L.L.C. owned by film and video game deal-maker Michele Richards, a Detroit […]

End of US Housing Slump Likely to Be Long, Painful

March 29, 2009 by · Leave a Comment 

Like spring flowers, the “For Sale” signs are sprouting in front yards all over the country. But anxious sellers are facing the most brutal environment in decades, with a slumping economy, falling home prices and rising mortgage foreclosures. And even the faint promise of better days ahead might not come true, given all the headwinds […]

Home Prices Continue Sharp Descent

Home Prices Continue Sharp Descent

May 26, 2008 by · Leave a Comment 

Yes thats right; housing prices continue to slump, but when will they begin climbing back up? Grab what you can while you can because prices like these will not last forever! Full Article Home Prices Continue Sharp Descent By Les Christie, CNNMoney.com staff writer Last Updated: May 14, 2008: 3:10 PM EDT NEW YORK (CNNMoney.com) […]

Metro Detroit home sales rise in April

May 6, 2008 by · Leave a Comment 

Simple economics in the city of Detroit, as the price goes down demand goes up. We are experiencing this trend with a staggering 71.32% increase in sales (year over year) for the city of Detroit. Full article Nathan Hurst / The Detroit News Sales of Metro Detroit homes were up 19.71 percent in April over […]

Foreclosures Spike 112% – No End In Sight

April 30, 2008 by · Leave a Comment 

The article below describes more in depth how severe and widespread the mortgage crisis has become. Each and every home will present an opportunity for an investor. “Detroit, which ranked sixth in the nation with 1 in every 68 households in default” Article Link More than 155,000 families have lost their homes to foreclosure this […]

Detroit Progress LLC Update

Detroit Progress LLC Update

April 24, 2008 by · Leave a Comment 

The spring buying season is upon us and Detroit Progress LLC is making strides to ensure a profitable start. Detroit Progress LLC was incorporated on March 25, 2008 as a commercial real estate venture; the partnership between Edward F. Azar and David Pakhchanian will focus primarily on real estate owned (REO) homes. Our goals are […]

Detroit-area home sales up 12.8%

April 18, 2008 by · Leave a Comment 

Spring time is approaching fast and the market is gearing up with year over year home sales spiking 49.4% WOW! Full Article Detroit Area home sales up 12.8% By GRETA GUEST • FREE PRESS BUSINESS WRITER • March 11, 2008 Sales of homes and condos in metro Detroit rose 12.8% in February as compared to […]

Bargain hunters boost home sales in some markets

Bargain hunters boost home sales in some markets

April 18, 2008 by · Leave a Comment 

Don’t miss out on the once in a lifetime opportunity to invest in this market correction. By Stephanie Armour, USA TODAY Home prices are sinking. Banks are seizing properties from owners who can’t pay their mortgages. Yet for Amber Gilmore, the miserable housing market has never looked better. After searching for a home for more […]

US mortgage crisis may cost $945 billion worldwide: IMF

April 10, 2008 by · Leave a Comment 

More bad news for the global credit crisis and economic outlook below. Remember, someones loss is another’s gain and the time is now to capitalize on those losses. We have seen recent cash infusions for large banks like Countrywide, Washington Mutual, and Lehman Brothers alerting the global markets of faith in the financial system. Remember, […]

Detroit’s housing slump is attractive to investors

April 3, 2008 by · Leave a Comment 

Don’t take our word for it, check out this recent article from the Detroit Free Press. The facts are the facts; now is the right time to buy investment property in Detroit! Remember, we have access to the direct bank lists and our homes are all pre-mls unlike the majority of the garbage out there. […]

Detroit to Host Creative Cities Summit

Detroit to Host Creative Cities Summit

March 30, 2008 by · Leave a Comment 

Yet another Exclusive event being held in Detroit. Article referenced at MIlifeMItimes.com: Full article here: http://blog.milifemitimes.com/article/2008/02/15/detroit-to-host-creative-cities-summit/ Detroit to Host Creative Cities Summit by Jaime Pfeffer This fall, Detroit will host the second International Creative Cities summit. Dubbed Creative Cities Summit 2.0, the special event will provide a next-generation look at how communities are integrating innovation, […]

Detroit Fasion Week 2008

March 26, 2008 by · Leave a Comment 

More action in Detroit, take note the heart and sole of this historic city! Detroit’s glitzy Fasion Week Gives the runway to Michigan talent Wendy Case / Special to The Detroit News Wednesday, March 26, 2008 Every fall, the world watches as fashion designers descend on the catwalks of New York City, London, Paris and […]

Acrobatic Air Race To Roar Over Detroit River

Acrobatic Air Race To Roar Over Detroit River

March 19, 2008 by · Leave a Comment 

Wow, Detroit is one of two US cities choosen for the worldwide Red Bull Air Race; this event is a serious sign of progress for the city of Detroit! This article was taken from www.detnews.com Please see the Red Bull Air Race 2008 webpage at www.redbullairrace.com Acrobatic air race to roar over Detroit River this […]

Welcome to DetroitProgress.com

March 13, 2008 by · Leave a Comment 

DetroitProgress.com is in the business of real estate investing in low-middle income housing within the Detroit area. We will be actively marketing both our wholesale and retail homes on the website along with updates on our progress. Our long term goals will be to provide low income housing to investors for the purposes of rehab, […]