Thursday, July 14, 2011

Downtown Detroit Building, Former HUD Office Location, Sells for $10 Sq.Ft.

WSJ story is HERE.  

For comparison purposes CresaPartners tenant analysis HERE indicates Class B office space in Portland Central Business District goes for nearly $20, with Class A going for more than $25.

Google Map is HERE; Bing map with a more interesting perspective on downtown is HERE if you choose the Bird's Eye view option. 

New owner is Clevland Cavs/Quicken loans Dan Gilbert.

Building has lots of good memories for me as I worked there for two years when I was a nipper just starting at HUD.

Originally created and posted on the Oregon Housing Blog.

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