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Property law: Attorney sheds light on local market

September 18, 2012

David Nykanen By Jeanine Matlow

Legal News
The troubled real estate market has led to a number of trends. For one, says attorney David E. Nykanen, property tax appeals are being filed in record numbers in Michigan and throughout the U.S., both by high-end residential owners and industrial/commercial owners.
Nykanen, along with Michael Dorfman, recently formed Nykanen Dorfman, PLLC, a full-service law firm in Farmington Hills specializing in all aspects of real estate, litigation, property tax, and business issues.
“Every crash is different,” says Nykanen. “One common theme is we swear we never will make these mistakes again—and we will.”
“The real problem in Southeast Michigan will continue longer than people think,” he says. “We have a structural oversupply of industrial property due to the automotive industry cutting all the different makes that required different parts. Those jobs and those businesses are gone. Prices of those properties will stay depressed until we figure out how to reuse them.”

Because of his insights to property tax protests and equity in proper valuations

your webmaster recommends following this gent on twitter: https://twitter.com/MIRealEstateLaw 

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