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Grand Rapids city commissioners laid out early plans today to begin to “push the needle” on increasing affordable housing in the city.

A busy development firm may be looking at a major new project, but much still remains unknown.

Switch Ltd.’s site in southern Kent County has been designated a Renaissance Zone after receiving approval today from directors of the Michigan Strategic Fund.

Citing decisions to restructure leasing and make tenant improvements on their own, the owners of a major Grand Rapids development today asked the state for administrative approval to amend its loan agreement.

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

After a more than year-long dispute over revenue sharing, the Match-E-Be-Nash-She-Wish Band of Pottawatomi Indians said yesterday that it had come to a partial agreement with the state of Michigan.

Footwear and apparel marketer Wolverine World Wide Inc. reported better-than-expected result for its second quarter, although sales were down compared to last year.

Grand Rapids-based Ranir LLC, a producer of store-brand and oral-care products, acquired the Rembrandt teeth-whitening brand from Johnson & Johnson Consumer Inc.

Drought-like conditions and damaging storms throughout June and the first half of July will likely hamper what would have been a substantial harvest for some Michigan crops this year. 

MiBiz Growth Report: July 25, 2016

Written by | Sunday, 24 July 2016 14:42 |

Here is the MiBiz Growth Report for July 25, 2016:

• M&A: Gun Lake Rentals LLC of Wayland was acquired by Arya and Austin Khoshnegah. Terms of the deal were not disclosed. Founded in 2003 by Alex Cazala, Gun Lake Rentals offers an array of watercraft including boats, jet-skis and kayaks. The company provides training and instruction, indoor and outdoor boat storage, winterizing, pre-season care and sells various boating accessories. Calder Capital LLC in Grand Rapids represented Gun Lake Rentals in the transaction.

Deerfield, Ill.-based pharmacy and retailer Walgreen Co. will soon open a store along Grand Rapids' Medical Mile, but don't expect to find gallons of milk, paper towel or other grocery staple items there.

Despite stagnate revenues, global appliance maker Whirlpool Corp. outpaced financial analysts’ expectations for its second quarter of 2016.

The momentum built by Gentex Corp. in the beginning of the year has continued on into the automotive supplier’s second quarter, driven primarily by sales of the company’s auto-dimming mirrors.

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.

Stryker reports strong growth for Q2

Written by | Thursday, 21 July 2016 16:54 |

Stryker Corp. posted sales growth of 16.6 percent for the second quarter, although net income dipped.

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