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Displaying items by tag: Michigan Strategic Fund

Sunday, 21 January 2018 13:09

MiBiz Growth Report: Jan. 22, 2018

Here is the MiBiz Growth Report for Jan. 22, 2018: 

• M&A: Bridgman-based Kruger Plastic Products has been acquired by Chicago-based private equity firm HC Private Investments, according to a statement. Kruger President Pat Brandstatter and VP of Engineering Dirk Kruger retained “significant stakes” in the custom injection molding company. Terms of the deal were not disclosed. Grand Rapids-based Varnum LLP served as legal counsel to Kruger, which was advised on the transaction by BlueWater Partners LLC, a Grand Rapids-based investment banking and consulting firm.

Published in Breaking News
Sunday, 09 July 2017 14:34

DeVos-held firm gets loan deferment on GR facility amid struggle to fill retail space

GRAND RAPIDS — After running into challenges with leasing retail space at a prominent downtown redevelopment, a DeVos-held entity got permission from the state to delay its incentive loan repayments.

Sunday, 25 June 2017 20:00

Developer raises $8.7 million for Market Avenue Place

GRAND RAPIDS — The developers of a mixed-use project being built on the southwest side of downtown just completed an $8.7 million capital raise to finalize a construction loan.


Tuesday, 25 April 2017 11:57

Rockford Construction gets state approvals, funds for west side GR project

An affiliate entity of Rockford Construction Company Inc. today received approvals and state Brownfield funds from the board of the Michigan Strategic Fund to move forward with its proposed “superblock” on Grand Rapids’ west side.

Published in Breaking News
Sunday, 12 February 2017 20:00

Bill would ease process for companies in Michigan border towns to receive incentives

Legislation that passed the state Senate last Thursday seeks to level the playing field for economic development organizations trying to attract companies to Michigan’s border communities.

Published in Breaking News
Thursday, 22 December 2016 16:00

Hinman Company plans 20 market rate apartments in Muskegon

The downtown Muskegon area could soon see its first new market rate apartments in years.

Published in Breaking News


Wednesday, 21 December 2016 11:06

Orion Construction gets $1 million in state support for River’s Edge project

Developers of an apartment project along the Grand River north of downtown Grand Rapids secured state backing.

Published in Breaking News
Sunday, 27 November 2016 16:18

Projects to watch: Developments take shape across West Michigan

WEST MICHIGAN — 2016 has featured a flurry of commercial real estate news, in a year that’s been defined by dwindling vacancies for developers and rising costs for end users. 

Sunday, 27 November 2016 15:58

Payroll tax abatement could bring Michigan incentives on par with other states

LANSING — The Michigan Economic Development Corp. could expand its toolbox of incentives under a proposed payroll tax abatement program.

Published in Breaking News

Sunday, 13 November 2016 13:23

Chemical Financial explores moving regional HQ in downtown GR

GRAND RAPIDS — The largest bank headquartered in Michigan wants to increase its profile in downtown Grand Rapids in the years ahead. 

Published in Breaking News
Tuesday, 18 October 2016 12:18

VanGessel works strategic partnerships for large developments

Mike VanGessel likes to talk about the “why” behind his company’s decision to invest in the long-neglected west side neighborhood of Grand Rapids.

Published in M&A Award Profiles
Sunday, 16 October 2016 19:11

Developers see mixed messages in downtown Grand Rapids office market

GRAND RAPIDS — Facing a dearth of high-amenity space in the downtown Grand Rapids market, commercial real estate stakeholders hope developers can soon begin to add Class A office inventory.



Sunday, 02 October 2016 13:21

Major developments could get funding boost under proposed incentives

To help make Michigan more attractive for large-scale real estate developments, lawmakers want to give developers new options to help fund their projects.

Tuesday, 27 September 2016 11:59

Diamond Place mixed-use development gets state funding

Third Coast Development LLC’s plans to construct additional apartments and retail along the burgeoning Michigan Street corridor took a step forward today.

Published in Breaking News
Tuesday, 23 August 2016 13:38

McCann Erickson and affiliate win $35 million in state marketing contracts

Global advertising firm McCann Erickson and sister company Weber Shandwick won nearly $35 million in new contracts today from the Michigan Strategic Fund. 

Published in Breaking News

Sunday, 07 August 2016 13:45

MiBiz Growth Report: Aug. 8, 2016

Here is the MiBiz Growth Report for Aug. 8, 2016. 

• M&A: Grand Rapids-based architecture firm Progressive AE Inc. has acquired Charlotte, N.C.-based AI Design Group Inc., according to a statement. The new company will be headquartered in Grand Rapids and leadership will remain the same, according to a statement. AI Design will now be referred to as a Progressive AE company. Terms of the deal were not disclosed. 

Published in Breaking News
Tuesday, 26 July 2016 12:05

Cherry Street Capital secures state funding for mixed-use development on Grand Rapids’ west side

Plans to build a reported 63-unit, mixed-use development in Grand Rapids’ West Side neighborhood moved forward today with backing from the state.

Published in Breaking News
Thursday, 21 July 2016 17:00

CSM Group to be anchor tenant in Kalamazoo office redevelopment

Construction management firm The CSM Group Inc. will be the anchor tenant in The Foundry, a new commercial office redevelopment that broke ground today on the north side of downtown Kalamazoo.

Published in Breaking News

Tuesday, 28 June 2016 14:49

State approves funds for Kalamazoo office and commercial development

Backed by state incentives, developers could bring a new 52,000-square-foot mixed-use project to the north side of downtown Kalamazoo.

Published in Breaking News
Friday, 10 June 2016 11:05

Switch seeks additional tax breaks for West Michigan data center

Kent County and other stakeholders plan “two firsts” in providing abatements for Switch Ltd.’s colocated data center in Gaines Charter Township.

Published in Breaking News
Sunday, 20 March 2016 16:20

State re-evaluates popular development financing tool

The Michigan Economic Development Corp. plans to “re-evaluate” a gap financing mechanism that commercial real estate professionals say has played a crucial role in the redevelopment of key corridors across West Michigan. 

Published in Economic Development

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