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General Motors expects to breathe new life into previously idled production space at its Wyoming facility. The company plans to invest $119 million in a new production line that will occupy a 500,000-square-foot area of unused space at the south end of its facility — a former Delphi building — located at 2100 Burlingame Avenue in Wyoming, said Rick Demuynck, the plant manager for GM’s Grand Rapids Operations.

Chemical Financial Corp. closed May 31 on the $187.4 million acquisition of Lake Michigan Financial Corp., the parent company of The Bank of Holland and The Bank of Northern Michigan.

The restaurant will be located in the 85-unit Lofts on Monroe project being developed by 616 Development LLC on Monroe Avenue. Essence Restaurant Group owns Bistro Bella Vita, The Green Well and Grove.

Detroit-based law firm Honigman Miller Schwartz and Cohn LLP, which has an office in Kalamazoo, has absorbed Schopf & Weiss LLP, a Chicago-based litigation firm, according to a statement.

Nearly three weeks after a previous deal unravelled that would have turned Steelcase Inc.’s pyramid campus into an educational site, the property has new owners.

A nonprofit subsidiary of the bankrupt Family Christian LLC has been selected as the winning bidder for the company’s assets, according to court documents filed Wednesday.

A portfolio company of a Detroit-based private equity firm Huron Capital Partners LLC has acquired Greater Kalamazoo Auto Auction (GKAA) of Schoolcraft, Mich.

City of Muskegon adopts form-based code

Written by | Wednesday, 27 May 2015 15:51 |

Muskegon has become the largest city in Michigan to formally adopt a development practice known as “form-based codes.”

Grand Rapids’ first “grain to glass” craft distillery will open its doors this week.

Benton Harbor-based Cornerstone Alliance will hire a veteran economic development executive to run the organization as it seeks candidates to permanently fill the position.

Ada-based Amway Corp. has opened its new manufacturing and research and design facility in Buena Park, Calif.

The disagreement over who should have access to the computer code in automobiles could throw a wrench in consumers’ abilities to get their vehicles fixed at independent repair shops.

The company’s 47,000-square-foot expansion project will increase the Nucraft’s production space to approximately 300,000 square feet.

Citing declining membership and a lack of financial support, directors at the health care planning agency voted last night to end operations. The move includes revoking the authority of a board to evaluate health care projects locally under Michigan’s certificate-of-need regulations and issue recommendations to the Michigan Department of Health and Human Services.

A desire to be located near the intersection of U.S. 131 and I-94 has led Dayton, Ohio-based I Supply Company to expand to the Kalamazoo region.

Walker-based retailer Meijer Inc. plans to enhance its offerings to patients with complex chronic conditions with the acquisition of Pittsburgh, Pa.-based Aureus Health Services, a national specialty pharmacy and health services company.

Lathrup Village-based Michigan First Credit Union has announced it will move one block south to the corner of Louis and Ionia Streets in downtown Grand Rapids. The bank will occupy 4,500 square feet on the ground floor of the CWD Building.

ECIG narrows losses in the first quarter

Written by | Wednesday, 20 May 2015 13:41 |

The marketer and distributor of multiple brands of electronic cigarettes reported first quarter revenues of $11.1 million, up from $4.1 million the first quarter of 2014, according to a statement. ECIG reported losses of $67.5 million in the quarter, which it attributed to non-cash charges on certain notes and warrants. That loss is down from the $86.4 million it reported in the first quarter of 2014.

Southfield-based ManagedWay Co., which operates managed hosting, cloud and colocation services from offices in Southfield and Byron Center, cut the deal with Waveform to acquire the company’s more than 400 miles of fiber and data bandwidth, according to a statement.

Agility Health Inc. opened a new clinic in Mattawan, its third in the Kalamazoo area.

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