rss icon

Ridges of Cascade sells for $57 million

Written by | Friday, 21 July 2017 12:28 |

A 237-unit high-end apartment complex in suburban Grand Rapids has sold for $57 million, MiBiz has learned.

Local grocer Duthler’s Family Foods will close its Bridge Street location on Grand Rapids’ northwest side, according to a sign on the door and multiple media reports.

West Shore Bank has acquired a wealth management firm in Muskegon.

Mercantile Bank Corp. today reported net income of $7.3 million, or 45 cents per share, for the second quarter with strong loan growth that’s projected to continue through the year.

Office furniture distributor Custer Inc. is growing its electrical services division through an acquisition.

Amid a tight industrial real estate market, new construction continues to take hold.

Neogen appoints Adent as CEO

Written by | Monday, 17 July 2017 09:00 |

The head of a major Neogen Corp. customer is taking over as CEO of the maker of food and animal safety products.

KALAMAZOO — Stryker Corp. is due $248.7 million from rival Zimmer Biomet Holdings Inc. in a seven-year-old federal lawsuit over patent infringement.

Michigan’s insurance industry should continue adding jobs in the years ahead, although it faces a tough issue that’s hitting many economic sectors today: attracting and competing for talent.

Two higher educational institutions plan to spend more than $82 million combined to expand their downtown campuses.

A Mid-Michigan community college has partnered with a major U.S. airline on an aircraft maintenance program.

Van Andel to retire as Amway co-CEO

Written by | Friday, 14 July 2017 10:49 |

Steve Van Andel told employees this week that he will retire from the global direct-selling giant Amway Corp. at the end of 2018.

Controversial economic development legislation passed the Michigan House on Wednesday afternoon, setting the stage for Gov. Rick Snyder’s likely signature.

Innovative Cardiovascular Solutions LLC raised $5 million in Series B capital that will support further development of a device used in heart procedures.

Quantum Sails has acquired the manufacturing assets and sailmaking rights of Newport, R.I.-based Hood Sailmakers.

Two projects in Grand Rapids, as well as housing developments in Lansing, Charlotte and Hartford, have been awarded competitive affordable housing tax credits.

Jeff Mason named MEDC CEO

Written by | Tuesday, 11 July 2017 11:03 |

Jeff Mason has been named chief executive of the state’s top economic development organization.

Meijer and Shipt roll out alcohol delivery

Written by | Monday, 10 July 2017 11:48 |

Users of retailer Meijer Inc.’s official delivery partner will be able to get some added items beginning this week.

The malware attack against a Grand Rapids-based medical supplier serves as a reminder of the constant cyber threats businesses of all sizes face.

MiBiz Growth Report: July 10, 2017

Written by | Sunday, 09 July 2017 17:37 |

Here is the MiBiz Growth Report for July 10, 2017:

• M&A: Portage-based Carl Walker Inc., an architecture and engineering firm specializing in the parking garage sector, was acquired on June 30 by Wantman Group Inc., a West Palm Beach, Fla.-based design, planning and surveying firm, according to a statement. Carl Walker became a wholly-owned subsidiary of WGI Structures. President and CEO Gary Cudney, along with other key executives, principals and associates, will remain with the company. The company will continue to be known as Carl Walker and will be branded as a division of WGI. Terms of the deal were not disclosed. Carl Walker has designed parking structures all over the country, including many of the garages built along the Medical Mile health care development in downtown Grand Rapids. Fayetteville, Ark.-based Zweig Group represented Carl Walker in the deal.

Page 1 of 102

Breaking News

July 2017
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Follow MiBiz