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In the News (1125)

Switch Communications Group LLC has selected Lansing-based The Christman Co. to serve as the general contractor for the company’s data center project at the former Steelcase pyramid building, MiBiz has learned.

The owner and operator of restaurants Bistro Bella Vita, The Green Well Gastro Pub and Grove, as well as an unopened eatery in the Monroe North neighborhood, has become the first restaurant group in the nation to achieve the designation.

Venue Tower breaks ground in downtown Grand Rapids

Written by | Wednesday, 03 February 2016 11:30 |

Orion Construction Inc. and The Gilmore Collection broke ground today on the long-planned Venue Tower project that will bring 88 new apartments and a music venue to the corner of Fulton Street and Monroe Avenue in Grand Rapids.

In a message to suppliers and study sponsors announcing his retirement, the 69-year-old Parfet, who founded the company 20 years ago, wrote that the Mattawan-based MPI Research will soon become the fourth largest pre-clinical contract research organization with about 1,300 employees and annual revenues of nearly $200 million.

Sales for the privately-held Amway Corp. fell for the second year in a row in 2015.

The investment volume lifted the amount invested by the Holland-based angel group to $19.6 million since 2004, an increase of 20 percent from a year earlier. Two pending new investments that should close in the first quarter should elevate that total to more than $20 million, executives said.

 Dematic announced today that it will proceed with plans to close its Grand Rapids manufacturing operations and move production to its facility in Monterrey, Mexico.

The Kalamazoo-based Stryker (NYSE: SYK) is buying Sage Products from private equity firm Madison Dearborn Partners in Chicago. The Cary, Ill.-based Sage Products had sales of $430 million in 2015, a 13-percent increase from the prior year.

After a decade of steady growth, one Northern Michigan hop farm and processing company plans to ramp up its operations with an injection of capital from an in-state private equity firm.

A $167,383 grant from the AstraZeneca Healthcare Foundation will support Catherine’s Health Center’s Healthy Heart Team that works to improve the cardiac and overall health of patients who have multiple medical conditions.

VCI Inc. of Sturgis acquired by NYC-based firm

Written by | Friday, 29 January 2016 10:39 |

The Sturgis-based company is a manufacturer of material handling racks for the automotive and government contracting industry and offers engineering capabilities ranging from fabrication, welding, laser cutting, finishing and assembly.

An Indianapolis-area investor plans a multifamily housing development behind the Meijer store near the corner of East Beltline Avenue and Knapp Street on the northeast side of Grand Rapids.

Investor acquires four self-storage facilities

Written by | Friday, 29 January 2016 10:17 |

The investment firm acquired facilities in Grand Rapids, Rockford, Comstock Park and Belmont and plans to rebrand all as National Storage Centers. The four facilities, totaling more than 174,000 square feet of space, will be managed by Farmington Hills-based The Pogoda Companies Inc.

The Holland-based Macatawa Bank (Nasdaq: MCBC) reported full-year net income of $12.7 million, or 38 cents per diluted share, which compares with $10.4 million, or 31 cents per diluted share, for 2014.

A Northern Michigan craft brewer has decided to expand the distribution footprint of its products to out-of-state markets for the first time.

The supplier of automotive auto-dimming rearview mirrors and electronics reported cash on hand of approximately $552 million at the close of the 2015 calendar year, an increase of 11 percent from the prior year, according to financial results the company reported today.

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