Blog
News, insights, and success stories from Southeast Michigan's commercial real estate market.
Overcoming Obstacles
The South Fountain View Office Center on Inkster Road in Southfield sold on March 14th, 2024, for $7,455,000.00, which translates to a 7.9% cap rate and appr…
The Art of Relationship-Driven Real Estate
In 2003, I called a potential client and asked him to meet me at a 5-unit strip center in Farmington Hills. For years I’d been proposing property purchases t…
In a Challenging Market, Creativity is King
In a market of rising interest rates and the uncertainty that it brings, the Thomas Duke Company’s Jordan Schafer and Dave Tesch successfully brokered the sa…
Asking Price – Not the Only Element
My client needed a building right away—the kind of challenge I like. But he needed a light industrial building—the kind of challenge that, in this market, ma…
Continued Success in the Restaurant Market
Andrew Goble and Eric Szerlag of the Thomas Duke Company are pleased to announce the successful sale of a prominent property located at 32704 Grand River in …
Trading Stress for the Best
A longtime insurance business in the South Lyon community was ready for a move to Brighton. The business had grown enough that purchasing a building, rather …
Earned Luck
“Are you sure I’m getting a good deal at $20.00 per square foot?” My longtime friend and client was about to sign the purchase agreement on a 22,760-square-f…
A Race Against The Bank
Every multi-family property owner in Wyandotte knows the building. So when the owner decided to move out of state and to sell, we knew our marketing would ge…
Best Year Yet
Really. Despite swings in the stock market, rising interest rates, inflation, supply-chain bottlenecks, and the lingering effects of the pandemic, the Wester…
Sometimes It Is Who You Know
When I heard that a large RV storage lot on Ann Arbor Road in Plymouth was for sale—again—I was optimistic. And skeptical. I had a client who had tried to bu…
Promises Made, Promises Kept
“Hello, Steve. I’m calling to keep my promise.” On the phone was a man who had asked me to list his Livonia car sales and repair shop in 1998. After we had b…
Selling the Unsellable
Nothing about the property looked unsellable: A 24,000 square-foot light industrial building on 3.39 acres on Michigan Avenue in Canton Township. With the hi…