CRE V Michigan

Celebrating the busy times: Standing-room-only crowd at Detroit CRE Summit

The 5th annual Detroit Commercial Real Estate Summit attracted a standing-room-only crowd. This isn't surprising: The event featured the biggest names in commercial real estate in this market. (All photos credited to Christina Rountree, graphic designer and photographer at Newmark Knight Frank Detroit.)  The 5th annual Detroit Commercial Real Estate Summit attracted a standing-room-only crowd. This isn't surprising: The event featured the biggest names in commercial real estate in this market. (All photos credited to Christina Rountree, graphic designer and photographer at Newmark Knight Frank Detroit.) 
The multifamily sector is booming across the Midwest. Detroit is no exception. The speakers during the event's multifamily sector had plenty of positives to share regarding this sector. Speaking on this panel were Cliff Brown, Woodburn Partners; Jeffrey Kaftan, Kaftan Communities; Kevin Dillon, Berkadia; Steve Chaben, Marcus & Millichap; emcee Jennifer Chambers, Plante Moran; and David Wilkins, moderator, Walker & Dunlop. The multifamily sector is booming across the Midwest. Detroit is no exception. The speakers during the event's multifamily sector had plenty of positives to share regarding this sector. Speaking on this panel were Cliff Brown, Woodburn Partners; Jeffrey Kaftan, Kaftan Communities; Kevin Dillon, Berkadia; Steve Chaben, Marcus & Millichap; emcee Jennifer Chambers, Plante Moran; and David Wilkins, moderator, Walker & Dunlop.
Members of the industrial, office, retail, finance and investment panel were Brendan George, CBRE; Kevin Baker, Landmark Investment Sales; Kevin Kovachevich, District Capital; Barry Swatsenbarg, Colliers; Steven Sallen, moderator, Maddin, Hauser, Roth & Heller; and Dan Labes, Newmark Knight Frank. Members of the industrial, office, retail, finance and investment panel were Brendan George, CBRE; Kevin Baker, Landmark Investment Sales; Kevin Kovachevich, District Capital; Barry Swatsenbarg, Colliers; Steven Sallen, moderator, Maddin, Hauser, Roth & Heller; and Dan Labes, Newmark Knight Frank.
Downtown Detroit is seeing plenty of activity today. The same can be said of the suburbs. This means that the speakers on the event's Detroit downtown and suburban developments panel had plenty to talk about. Participating in this panel were (seated) Paula Roy Carethers, Ford Land; Todd Sachse, Sachse Construction; Melissa Dittmer, Bedrock Detroit; and Susan Harvey, Ashley Capital; (standing) Jared Friedman, Friedman Real Estate; and Michael Lusardi, moderator, Dickinson Wright. Downtown Detroit is seeing plenty of activity today. The same can be said of the suburbs. This means that the speakers on the event's Detroit downtown and suburban developments panel had plenty to talk about. Participating in this panel were (seated) Paula Roy Carethers, Ford Land; Todd Sachse, Sachse Construction; Melissa Dittmer, Bedrock Detroit; and Susan Harvey, Ashley Capital; (standing) Jared Friedman, Friedman Real Estate; and Michael Lusardi, moderator, Dickinson Wright.
The CRE Summit offered plentyof opportunities for local commerical professionals to network.  The CRE Summit offered plentyof opportunities for local commerical professionals to network. 

Need more proof that Detroit’s commercial real estate market is in the middle of a renaissance? You only needed to attend the 5th annual Detroit Commercial Real Estate Summit held by REjournals.com and Midwest Real Estate News at the Westin Southfield Detroit on Sept. 6.

The event was packed with real estate pros, more than 250, in fact. This standing-room-only crowd was treated to plenty of good news regarding the Detroit commercial real estate market. The biggest names in Detroit commercial real estate pointed to major projects – including Ford Motor’s big plans for its Corktown Campus – hitting both downtown Detroit and its suburbs as reason for optimism.

It’s a big change from not too long ago. Back in July of 2013, the city of Detroit filed for Chapter 9 bankruptcy. This move ranked as the largest municipal bankruptcy filing in U.S. history by debt.

Today, though, new hotels, retailers and restaurants have opened in downtown Detroit. The center of the city is busy again, with both residents and visitors. And the speakers at last week’s event said that there is no sign that Detroit’s busy times are ready to slow anytime soon.