When the construction industry hit the skids half a decade ago, Broder & Sachse didn't pull back to a skeleton crew and hope for the best. The downtown Birmingham-based company sat tight and began planning for the economy to inevitably rebound.
That rebound is happening now and the real-estate services company is not only poised for significant growth, it's capitalizing on it. The firm has been acquiring property for projects, adding more buildings to its management portfolio, and hiring. It has brought an extra dozen people onto its payroll over the last year, bringing its staff to 90 employees and a couple of summer interns.
"Because we preserved our infrastructure we were able to grow when things started picking up again," says Richard Broder, CEO of Broder & Sachse
The nearly 20-year-old company has watched growth occur across the board, including in HVAC, construction services, property management, and other construction development areas. It has added more than 1,000 multi-family units to its property management business, and Broder expects that number to increase.
Broder & Sachse has also been playing a role in the redevelopment of greater downtown Detroit area, acquiring a couple of buildings for redevelopment. It now has property in its portfolio in the downtown and Midtown neighborhoods.
"It has been exciting to work with our sister company (Sachse Construction) downtown," Broder says.
Source: Richard Broder, CEO of Broder & Sachse
Writer: Jon Zemke
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