Detroit Progress

Quicken’s move could inspire more firms to come downtown

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, seeing it as a sign of... [Read more...]

Downtown Detroit to get 4,700 more workers

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 in August, bringing 1,700 workers to the Compuware building. And an announcement... [Read more...]

Housing Markets That Will Be Strongest by 2014

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 U.S. have declined 29.5 percent over the past four years,... [Read more...]

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

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 for Coldwell Banker Weir Manuel in... [Read more...]