The City of Southfield, Michigan, just added another large tenant to one of its high rises. Accretive Health, Inc. will lease about 107,000 square feet of commercial office space in the Travelers Towers II office building. This takes the building to near capacity. Southfield has been surging in recent years as the city offers enormous […]
Radio Shack Files Chapter 11 Bankruptcy
The long standing electronics store, Radio Shack, has filed for Chapter 11 Bankruptcy. The company will close over 986 stores across the country as a result of this bankruptcy filing. Radio shack was founded in 1921 as a seller of electronics and is now selling off stores to General Wireless. “Long-running electronics company RadioShack, which […]
Southfield Michigan Set to Gain Additional Commercial Operations
Commercial rents in Detroit on are the rise for a variety of reasons – inflation, rebounding reputation, and recovering city services post-bankruptcy. In response these increasing costs, businesses are looking to the suburbs, specifically Southfield Michigan, to offer more affordable office space in newer buildings. A recent article by the Detroit Free Press highlighted Ally […]
Bankruptcy Judge Gives First Public Talk Since Detroit Bankruptcy Concluded
Bankruptcy Judge Steven Rhodes made his first public appearance after the Detroit bankruptcy plan was confirmed when he gave the commencement address at Walsh College. The judge made a point to emphasize that the case was resolved amicably due to the teamwork of bankruptcy lawyers, creditors, mediators, and other interested parties. Without the bankruptcy attorneys […]
Detroit’s Bankruptcy Lawyers Defend Fees
Bankruptcy lawyers for the City of Detroit defended their fees last Friday to the U.S. Bankruptcy Court for the Eastern District of Michigan. Pension plan bankruptcy attorneys and investment bankers who consulted on the bankruptcy also appeared and defended their fees. The city’s bankruptcy attorneys used information related to other municipal restructurings to defend their […]
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