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Commercial Real Estate (104)

The February announcement that California-based Trader Joe’s would open its first store in the West Michigan market created a social media frenzy and became the instant topic of watercooler conversations throughout the region.

The retail development segment typically emerges last from economic downturns. Only once construction has taken hold in the housing and industrial markets do retailers generally look to begin building again.

Jerry Zandstra aims to take the vacant, yet iconic Steelcase Pyramid in Gaines Township and transform it into a destination for education in science, technology, engineering, art and mathematics (STEAM). By next fall, the 660,0000-square-foot building is expected to begin filling up with public, private, charter and home school users looking to join a campus that Zandstra hopes will change the notion of traditional education. All schools will have autonomy, but there are a handful of requirements. Zandstra spoke with MiBiz about the project as well as how businesses in the area can leverage this new opportunity.

A push by automotive OEMs to have individual dealer stores focus on selling vehicles from one core brand or one automaker has led to the creation of a new dealership in Grand Rapids.

Michigan State University’s Board of Trustees today approved construction of the long-awaited Biomedical Research Center facility as part of the College of Human Medicine in downtown Grand Rapids.

Commercial real estate brokers are concerned about an overall lack of inventory across all sectors at the start of 2015.

Grand Rapids-based alternative energy developer Sustainable Partners LLC (Spart) has been selected to build its second biodigester in Coopersville.

Price is important, but it’s not necessarily the most important factor West Michigan companies consider these days when they’re looking for real estate.

In small towns across Michigan, development has shifted away from traditional downtown districts in recent years. But a number of cities hope to lure developers back to Main Street with support from the state’s placemaking incentives — and beer.

As new developments spring up throughout Grand Rapids’ west side neighborhood, the district is at the center of a concerted effort by a range of business interests looking to revitalize a long-neglected part of the city.

Just minutes north of downtown Grand Rapids, the Creston neighborhood along the Plainfield Avenue corridor is preparing for a ramp-up in development.

A resurgence among West Michigan manufacturers, particularly for automotive suppliers, has Class A industrial space at a premium — if not scarce — in the region.

Both Holland-based New Holland Brewing Company LLC and Founders Brewing Co. of Grand Rapids have announced expansions near downtown Grand Rapids that total near $55 million and are targeted for sites that were otherwise fairly “low use,” sources said.

Continued development activity around the new Cabela’s Inc. store in Grandville serves as a microcosm of a larger trend in big-box retail development in greater Grand Rapids.

A real estate developer wants the Grand Rapids Parking Commission to reconsider its plans to build a 276-space surface parking lot on city-owned property near the Grand River.

Judging by the second quarter real estate market reports from Colliers International’s West Michigan office, the region can expect to see reasonable growth and increasing rents in the months ahead.

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