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Grand Rapids-based commercial brokerage Beacon Realty Group LLC has closed a deal bringing the Mansard House Apartment complex in Kalamazoo under new, undisclosed ownership.

MiBiz Growth Report: June 26, 2017

Written by | Sunday, 25 June 2017 20:33 |

Here is the MiBiz Growth Report for June 26, 2017:

A former state representative and financial advisor from Otsego has been ordered to cease and desist sales of unregistered securities.

Despite an erratic environment for orders, Steelcase Inc. reported earnings on par with the previous year.

Bad debt incurred at Michigan hospitals and the financial assistance offered to help patients with medical bills declined by nearly $325 million in the first full year that the state expanded Medicaid eligibility under the federal Affordable Care Act.

While Gov. Rick Snyder was on a week-long trade mission to Europe, economic development legislation he’s championed came to a halt and of one of his appointees was indicted over allegations related to the ongoing Flint water crisis. Snyder spoke with MiBiz on these and other topics from Milan, Italy.

Gov. Rick Snyder today recommended Jeff Mason, the head of the University Research Corridor that consists of the state’s top three research universities, to lead the Michigan Economic Development Corp.

Grand Valley State University has acquired the 63,000-square-foot operations facility from Ferris Coffee & Nut Co. on the west side of Grand Rapids.

Fettig steps down as CEO of Whirlpool

Written by | Wednesday, 21 June 2017 11:41 |

Jeff Fettig will step down as the CEO of Whirlpool Corp. after leading the Benton Harbor-based manufacturer of consumer products since 2004, according to a statement.

David Ramaker plans to retire in the third quarter as president and CEO of Chemical Financial Corp.

Legislation designed to attract large employers to the state with added tax breaks appears to have come to a grinding halt overnight.

Mill Steel Co. opens Houston facility

Written by | Tuesday, 20 June 2017 11:22 |

Mill Steel Co. will begin operations at its new facility near the southern U.S. border.

A subsidiary of CWD Real Estate Investment Inc. has proposed redeveloping a mostly underused commercial complex in Wyoming along 44th Street SW, according to municipal documents.

Automotive supplier Shape Corp. will invest $315,000 to create an advanced manufacturing education program at Grand Haven High School.

Medical device manufacturer Stryker Corp. will bolster its capabilities in medical imaging with the acquisition of an Ontario-based firm.

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