Downtown Building Refinance a Sure Sign of Changing Times
Crain’s posted an article today on the refinancing of a One Kennedy Square, and this being a sign of changing times in downtown Detroit. Nancy Kaffer of Crain’s says:
“Believe me when I tell you that the refinance of a downtown office building is both amazingly significant and fantastically fascinating: it’s quantifiable, on-paper evidence that things are looking up for downtown Detroit. Dan Gilbert’s investments are doing what they were calculated to do, i.e., buoy the value of not just Gilbert-purchased properties but downtown as a whole. Dig through the boring stuff; this is an important story.”
If you’re a Crain’s subscriber, read the full article here.