In this weekend's newsletter one of our highlighted articles is: District Detroit Project Wins Nearly $615M in Tax Incentives From State Board. I thought it important to highlight some of the benefits of these types of incentives. In recent years, there has been a lot of discussion...
As a lover of exploring the world of real estate development, Spring break is always an exciting time for me. It presents a perfect opportunity to witness how developers approach various factors that impact their project's success and prepare for the future, all while spending...
In recent years, Detroit has undergone a significant transformation due to a surge in construction projects in the downtown area. In this week's newsletter, WXYZ reports that the city center is poised to have a bustling year, generating more jobs and recreational options. The developments...
Operating a shopping center or being a tenant can be a complex task that involves various expenses beyond the rent paid by tenants. One of the most complex of these costs is the Common Area Maintenance (CAM) charges. These charges cover expenses related to the...
Please join me and ICONIC in welcoming two new regional restaurant clients that opened locations in the last few weeks: The Taco Stand (https://www.thetacostandtaqueria.com/) in downtown Birmingham at 344 Hamilton Row and The Hudson Café (https://hudson-cafe.com/detroit-the-hudson-cafe-locations-northville) Northville at 17101 Haggerty Rd, Northville in front of...
Last night I watched the movie "The Banker" on Apple TV it tells the story of two African American entrepreneurs, Bernard Garrett and Joe Morris, who worked to overcome racist housing laws and regulations in the 1950s and 1960s by buying and running banks with...
If you’re looking for a powerful tax strategy to help you maximize your real estate investments, a 1031 exchange may be the perfect solution. A 1031 exchange, also known as a like-kind exchange, allows investors to defer capital gains taxes on the sale of investment...
People often ask me, if I am expanding retailer what is the best expansion strategy? The reality is there is not a singular answer to this question, a whole host of factors go into determining the best strategy for a particular retailer. Some of the...
Last week we discussed the many types of Commercial Real Estate ownership, today I'd like to dive a little deeper on the commercial real estate syndication. A partnership in which a group of investors pool their money to purchase and manage a commercial property. The partnership...
There are several ways to get involved in commercial real estate ownership, today I have outlined a few for you to consider. If you’re looking to take your next steps into CRE, please reach out to myself, Kees@iconicdet.com or any of our agents here at ICONIC...