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Displaying items tagged: Colliers International

Sunday, 10 April 2022 18:18

People in the news: April, 2022

Here is the MiBiz People in the news report for April 11, 2022 

Published in Talent
Sunday, 13 March 2022 18:27

West Michigan office forecasts vary as quality spaces remain in demand

Commercial real estate experts have struggled to predict the future of the office market since the COVID-19 pandemic started, though they expect demand for high-quality office spaces to remain strong.

Sunday, 19 December 2021 16:45

Downtown office market in question, retail expected to pick up in 2022

After nearly two years, the effects of the COVID-19 pandemic can be seen across all sectors of the commercial real estate market, but especially in downtowns. And the biggest question surrounding commercial real estate remains largely unanswered: What is the future of office space?

Sunday, 26 September 2021 18:30

GR-area commercial retail market strong heading into holiday season

The retail sector of West Michigan’s commercial real estate market is seeing heavy activity despite many business owners struggling to stay fully staffed.

Sunday, 12 September 2021 17:15

Downtown GR office vacancy increases; experts clash on when space could be filled

GRAND RAPIDS — Rental rates are rising for prime downtown Grand Rapids office space, but vacancy rates are also up significantly compared to previous years, according to a recent report from global real estate services firm JLL.

Sunday, 15 August 2021 17:50

West Mich. commercial real estate outlook gradually improving, reports find

West Michigan commercial real estate experts see slowly improving activity in retail and office markets that were particularly harmed by remote work and talent shortages during the COVID-19 pandemic.

Sunday, 25 April 2021 18:10

Multifamily developments reflect trend of younger generations renting longer

While Millennials are the largest generation by population and the largest group of homebuyers, the 25-to 40-year-old demographic also faces some of the steepest challenges to buying a home. 

Sunday, 14 March 2021 19:05

Lakeshore office market shielded from pandemic downturn compared to larger cities

The West Michigan lakeshore office market has remained relatively stable during the COVID-19 pandemic compared to larger cities like Grand Rapids, Detroit and Chicago, according to city officials and real estate experts. 

Sunday, 31 January 2021 14:54

Northpointe Bank records ‘banner year’ in 2020 amid low interest rates

The $91 million Northpointe Bancshares Inc. netted in a private stock placement will help support further growth through mid-decade.

Published in Finance

Sunday, 17 January 2021 17:36

Uncertainty in coworking space market causes creativity, flexibility

The COVID-19 pandemic has led to widespread uncertainty about the future of commercial office space, including for the relatively new sector around coworking, or flexible workplaces.

Thursday, 14 January 2021 13:47

West Michigan real estate forecast: Sectors will continue to adapt, recover some with COVID-19 vaccine

Real estate experts from Colliers International’s West Michigan office predict the market in 2021 will have pent-up demand with some improvement in most sectors from last year. But that will depend on the rate of COVID-19 cases and how the vaccine is rolled out.

Wednesday, 06 January 2021 10:55

Uncertainty in coworking space market causes creativity, flexibility

The COVID-19 pandemic has led to widespread uncertainty about the future of commercial office space, including for the relatively new sector around coworking, or flexible, workplaces.

Tuesday, 05 January 2021 11:20

Former Colliers senior level advisers start commercial real estate brokerage firm

CASCADE TOWNSHIP — A group of top leadership staff at Colliers International’s West Michigan office have launched a new commercial real estate brokerage firm. 

Sunday, 20 December 2020 19:15

Experts divided over future of office space

Through multiple lockdowns and workplace restrictions, companies have altered the way they think about and use their commercial office space because of the COVID-19 pandemic. 

Sunday, 08 November 2020 19:00

Construction firms see project delays, high materials costs

West Michigan construction firms are reporting dramatic increases in the cost of materials and project delays because of the COVID-19 pandemic, particularly in the restaurant, office and retail sectors. 

Sunday, 25 October 2020 18:33

After activity, rent revenues drop, malls stuck in ‘waiting game’ through holiday season

Business has been brutal this year at the Holland Town Center outdoor mall because of COVID-19 shutdown orders, compounded by the fact that unique retailers don’t have a one-size-fits-all approach for adapting to state orders.

Sunday, 16 August 2020 17:10

West Michigan industrial market stays healthy during pandemic

The industrial sector in West Michigan has been the quickest in the real estate market to bounce back from the pandemic, nearly returning to where it was pre-COVID-19.

Sunday, 02 August 2020 19:34

Litigation, vacant spaces: How COVID-19 is shifting commercial real estate

When a California-based marketing firm consolidated 450 employees from Grand Rapids-area offices into a vacant commercial building three years ago, the move was celebrated by Wyoming city leaders and supported by a $550,000 state business development grant.

Sunday, 24 May 2020 18:30

Brokers make adjustments, brace for market changes in wake of COVID-19

After a day filled with showing commercial space to a potential client, Bryan Bench felt like his professional life had briefly returned to what it was before the disruption that came with the global COVID-19 pandemic.

Sunday, 29 March 2020 18:30

CRISIS MODE: West Michigan execs talk leadership strategies amid pandemic

As a global pandemic began to hit West Michigan, executives around the region stepped up to lead their organizations and their employees through the time of crisis. 

Published in Economic Development
Sunday, 01 March 2020 16:30

Local outdoor retailers find success in niche market

Retailers serving the outdoor recreation niche say focusing on that specialty has helped them remain viable operations in West Michigan.

Published in Economic Development

Sunday, 16 February 2020 18:45

GR property managers focus on amenities in competitive rent market

GRAND RAPIDS — As competition in the rental housing market heats up across West Michigan, property managers are turning to new kinds of exclusive amenities for their residents.

Friday, 07 February 2020 05:00

Total Wine plans first Michigan store for vacant Cascade Township site

CASCADE TOWNSHIP — National alcohol retailer Total Wine & More plans to open its first Michigan superstore in the greater Grand Rapids area, MiBiz has learned. 

Sunday, 02 February 2020 18:00

Colliers 2020 real estate forecast: Expect prices to rise as vacancy declines

GRAND RAPIDS — As vacancy rates remain low, experts are expecting a year of slow and steady growth in the West Michigan real estate market.

Sunday, 02 February 2020 17:30

Proposed Wheeler Development tower helps with downtown GR density goals

GRAND RAPIDS — Wheeler Development Group’s proposed mixed-use tower could help the city accomplish several goals for the downtown area. 

Sunday, 22 December 2019 12:26

Retail Outlook: Retail professionals optimistic for 2020

As consumers’ shopping habits change and the retail sector reacts to new technology-driven disruptions, retail industry watchers in West Michigan remain optimistic about the year to come. 

Sunday, 01 December 2019 18:21

Southeast Michigan REIT acquires Walker Home Depot location for $22.5 million

WALKER — A Southeast Michigan real estate investment trust has acquired a key retail facility along the Alpine Avenue corridor in Walker. 

Friday, 15 November 2019 09:07

Developers, officials hope Studio 28 housing project catalyzes more development

WYOMING — Developers of a $35 million housing project at the former Studio 28 movie theater property hope the development will be a catalyst for more activity in Wyoming.

Sunday, 27 October 2019 18:30

Grand Rapids groups partner on retail pilot program

GRAND RAPIDS — Multiple organizations have partnered to assess how Grand Rapids can attract and retain retail across all parts of the city.

Sunday, 13 October 2019 16:00

Lakeshore Advantage examines proactive industrial development

ZEELAND — The $70,000 grant Lakeshore Advantage Corp. received this summer will go toward examining one potential solution to a problem resulting from the economic vitality of Ottawa and Allegan counties: a lack of suitable available land for industrial development.

Published in Economic Development

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