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Commercial Real Estate (150)

The last major vacant building in the core of downtown Grand Rapids will remain empty, at least for the foreseeable future.

The Michigan State Housing Development Authority yesterday approved funding for four West Michigan projects through the Low Income Housing Tax Credits (LIHTC) financing program.

CWD Real Estate Investment Inc. appears primed to make another significant acquisition in Grand Rapids’ central business district.

A leaked internal document outlining potential plans for development in a Grand Rapids neighborhood has created a firestorm of controversy and stoked fears of gentrification.

Michigan’s two leading construction trade groups find themselves on opposite sides of one key industry issue: prevailing wage. 

When developer Sam Cummings set out to redevelop a building at 25 Ionia St. SW in Grand Rapids nearly two decades ago, he needed to leverage the site’s historic designation to make the project economically feasible.

With nearly 2,000 new apartment units in the development pipeline for downtown Grand Rapids, many in the community have started to wonder when a full-service grocery store will open in the city core.

With more than 530 new apartments and at least $115 million in new investment, the pipeline for mixed-use development remains strong along the Michigan Street corridor east of the Medical Mile.

The West Grand neighborhood in Grand Rapids soon will offer residents and visitors the ultimate trifecta when it comes to craft alcoholic beverages.

From new high-rise office towers to revamped shopping malls to urban parks, the growing region continues to see new construction and major renovation projects across a host of real estate sectors. But a lot can go on between a formal project announcement and its actual completion — or even its groundbreaking.

City of Muskegon to develop housing

Written by | Sunday, 10 January 2016 22:51 |

With developers facing a series of complications in creating a sustainable housing market in downtown Muskegon, city government decided to take the rare move and jump into the business of commercial real estate development.

With state tax changes secured, Switch Communications Group LLC now turns its attention to the decade-long buildout of its $5 billion cloud-based data center in southern Kent County.

The home of the former Southwest Regional Rehabilitation Center in Battle Creek could reopen next year under new ownership if the potential sale to a Pennsylvania company goes through.

Recent quarterly reports from two West Michigan commercial real estate brokerages point to continued growth in the area’s industrial, office and retail segments alongside increasingly tightening inventory.

Crowdfunding opens up a new set of opportunities for capital formation to support commercial real estate projects, according to industry experts. But along with the ability to raise money from a large pool of non-accredited investors comes a host of new complexity.

Fifth Third Bancorp. has quietly put its longtime home in downtown Grand Rapids on the market, the sale of which could reshape the city’s central business district, MiBiz has learned.

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