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Commercial Real Estate (218)

An April groundbreaking on a $26 million senior living project at the Metro Health Village campus in Wyoming signals the start of what one developer sees as a $1 billion opportunity.

A 10-bill package that would completely reimburse local communities for lost revenues as a result of reforms to the state’s industrial personal property tax is headed to the Legislature.

While farmland values are expected to increase again in 2014, the rate of that increase is expected to soften due to slumping commodity prices.

Thanks to strong job growth and shrinking inventory in a number of asset classes, commercial real estate brokers in West Michigan expect growth through the first half of 2014.

Nearly four years after its completion at a cost of $1.8 million, the city-owned Ionia-Mason parking lot in downtown Grand Rapids is nearly filled to capacity — with snow.

While investments in Grand Rapids’ urban core remain a focus for CWD Real Estate Investment LLC, the developer also has expansion plans for its suburban holdings.

More details have emerged about development plans for the Aslan Building at 600 Seventh Street on Grand Rapids’ west side neighborhood. Working with Canadian investment partners, Grand Rapids-based Orion Real Estate Solutions is planning to renovate the building into a mixed-use residential development called Seventh St. Lofts.

A new hotel is in the works for downtown Grand Rapids.

The West Michigan region is losing its diamond-in-the-rough status, but that’s not bad news when it comes to commercial real estate.

West Michigan construction executives might relish the chance to take a three-day trip to Palm Springs, Fla. in the middle of February. But the trip is more than a vacation for CD Barnes Construction Executive Vice President Todd Oosting, who’s meeting up with an “invaluable” industry peer group that helps members better their individual businesses.

A building on Grand Rapids’ West Side initially renovated by developer and businessman Bob Israels now has new ownership.

A new industrial building going up northwest of downtown Grand Rapids could be a sign that more build-to-suit projects and even speculative building could soon show up in the West Michigan market.

As the economic recovery continues to take shape in West Michigan, local officials are again looking to parks and recreational assets as crucial parts of the region’s economic development strategy.

Chicago-based real estate investment firm Franklin Partners LLC is scooping up another large industrial property in the greater Grand Rapids area.

Building owners and developers want to know that all the systems they’re paying for work as designed. That’s led to a rise in the commissioning of buildings, a process that helps owners and developers proactively find problems before they arise and do less backtracking if issues do come up.

After years of talking about plans for a new business dedicated to a unique blend of architectural design, one father-son duo have decided the time is right to hang out their own shingle in Grand Rapids.

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