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Sunday, 29 April 2018 15:47

MiBiz Growth Report: April 30, 2018

Here is the MiBiz Growth Report for April 30, 2018.

• M&A: New York City-based Standard Media Group LLC, a new investor-backed media company, has entered into a definitive agreement with Sinclair Broadcast Group Inc. of Hunt Valley, Md. to acquire Grand Rapids-based Fox 17 WXMI and eight other stations around the country. The $441.7 million cash deal would create a new media company affiliated with Standard General LP, an SEC-registered investment adviser that manages capital for public and private pension plans, endowments, foundations, and high net worth individuals. The deal, which is subject to regulatory approval, is expected to close in conjunction with the Sinclair-Tribune transaction. As MiBiz previously reported, Sinclair is trying to appease government regulators in a bid to finalize its $3.9 billion acquisition of Chicago-based Tribune Media Co., which currently owns Fox 17. 

Published in In the News

The East Paris Avenue corridor continues to act as a magnet for the development of new medical office buildings.

Published in In the News

Fewer submissions for the Honors Awards presented by the Grand Rapids chapter of the American Institute of Architects (AIAGR) probably translates into good news for the West Michigan industry as a whole.

Published in Design Build

Fat Johnny’s Cheesesteak Company is opening a downtown Grand Rapids location. Sixty North Ventures, LLC, a company owned by real estate development firm First Companies, recently signed a lease with the restaurant for space in the former Van Hoeks Shoes store at 80 Ottawa Avenue NW.

Published in In the News

If the old saw that “coffee’s for closers” holds true, then brokers in the West Michigan real estate market are filling their cups.

Published in Focus

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