Categories: Commercial real estate, Top Stories
It's a story that's becoming too familiar to Russ Long, associate at O'Keefe & Associates.
"It has more and more become my job to help developers liquidate," Long said of his duties at the Bloomfield Hills-based turnaround and consulting firm. When builders - particularly national residential builders, Long said - pull out of markets that have become less profitable in Michigan's floundering economy, it's the land owners, the developers, who are left holding the bag.
"It has more and more become my job to help developers liquidate," Long said of his duties at the Bloomfield Hills-based turnaround and consulting firm. When builders - particularly national residential builders, Long said - pull out of markets that have become less profitable in Michigan's floundering economy, it's the land owners, the developers, who are left holding the bag.
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