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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.

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