GRAND RAPIDS — Commercial real estate brokers say the sale of two fully-leased, recently renovated office buildings in downtown Grand Rapids points to a healthy local economy, even if the transactions are far from the norm.
Faced with difficulty in attracting tenants, a Grand Rapids developer will halt plans for a proposed high-amenity office tower in downtown’s Heartside neighborhood and explore other options for the project.
Despite a global economic slowdown and fears of overheating in major markets, stakeholders in West Michigan’s commercial real estate industry say current regional indicators continue to show signs of a healthy market.
A Comstock Park office building is under new ownership. Sodus-based Sun Coast Packaging Inc. has acquired a 9,333-square foot building at 4211 N. Division Ave.
WALKER — As industrial production levels continue to rise and West Michigan manufacturers reach full capacity, companies need to decide whether to invest in adding capacity or turn to other organizations in the supply chain.
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.