Good, bad or otherwise, disruption is inevitable. At least, that is what we’ve come to expect. In the modern age, we’ve experienced three industrial revolutions to-date – steam and water power, electricity and assembly lines, and computerization. Yet, another is coming. Are you ready for what’s next?
GRAND RAPIDS — United Bank will become the latest entry into the downtown banking market with the planned opening of a new office later this year.
MUSKEGON — A dozen years ago, after the demolition of the former Muskegon Mall, an eight-block area in the heart of downtown sat vacant, filled with sand, shells of vacant buildings and few people.
Architecture and engineering firm Progressive AE Inc. plans to open an office in downtown Holland.
The final goal will take years to accomplish, but the early data coming in from a long-term project to clear the waters of Lake Macatawa and the surrounding watershed has been trending in the right direction.
As demand for engineering talent continues to intensify, some West Michigan liberal arts colleges are partnering with larger state-funded institutions to add niche programs to their curricula.
Kent County received three wide-ranging bids earlier this week for its 104,000-square-foot downtown office building at 82 Ionia Ave. NW.
Here is the MiBiz Growth Report for April 3, 2017.
• M&A: Industrial and fastener distributor Manufacturer’s Supply Co. has signed an agreement to sell certain assets to Winona, Minn.-based Fastenal Co. (Nasdaq: FAST). Fastenal expected to close on the deal for Manufacturer’s Supply, or Mansco, at the end of March, after this report went to press. Terms of the deal were not disclosed. Hudsonville-based Mansco generated roughly $50 million in sales in 2016 from locations in Michigan, Alabama and Texas. It was founded in 1928. President Jim Mol has operated Mansco for the last 25 years. Mansco supplies a range of fastener products “with a particularly strong market position with commercial furniture OEMs,” a market to which Fastenal “has not meaningfully contributed in the past.”
Chick-fil-A Inc. seems relentless in its desire to secure a location near Knapp Street and East Beltline Avenue on Grand Rapids’ northeast side.
West Michigan’s commercial real estate industry is capping off a banner year for 2016. Developers, architects and contractors have all reported success across multiple sectors, including retail, industrial and health care. And while some divisions have started to emerge about just how strong all those sectors truly are, executives across the region agree the boom in apartment development — and the corresponding need for design and construction for those projects — is real and makes for significant business opportunity. In separate interviews, MiBiz spoke with three industry stakeholders to get their take on where one segment in particular — the multifamily market — stands and where it’s going.