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Commercial Real Estate (207)

A partnership involving two Illinois companies just picked up a portfolio of six industrial properties in West Michigan and one in northern Indiana totalling more than 1.5 million square feet.

A seemingly contradictory mix of greater independence and increased collaboration is helping reshape the traditional models of workspace and development in urban areas.

KALAMAZOO — Western Michigan University expected it would need the better part of two decades to fill up its Business Technology and Research Park, but just a dozen years later, university officials are ready to pull down the vacancy signs — at least temporarily.

The continued clamor from real estate brokers about the limited supply of high-quality industrial inventory across the state seems to be a fair assessment of the market.

In asking elected officials to be brave enough to solve the City of Kalamazoo’s budget problems, one developer is suggesting a bold solution: more taxes.

The City of Kalamazoo has a revenue problem. The local government does not collect property taxes on a majority of the land within its borders, yet property taxes and intergovernmental contributions account for more than 70 percent of the city’s budget.

GRAND RAPIDS — CWD Real Estate Investment has built a portfolio of some of downtown Grand Rapids’ signature facilities.

In the past decade, strong financing tools and development incentives created opportunities for empty nesters and millennials to take up residence in downtowns across West Michigan.

Brookstone Capital is set to develop yet another residential mixed-use project near downtown Grand Rapids.

People want to live in cities that never sleep.

One publicly traded real estate company’s recipe for success includes at least a dash of Southwest Michigan berry farms.

Catalyst Development Co. LLC has had its hands full lately with a major renovation project involving the 146-year-old Corporation Hall in downtown Kalamazoo. The project had several key challenges, including structural concerns that led to the developers scrapping initial plans to retain the building’s trademark masonry walls.

The deal momentum from the end of 2012 gave the downtown commercial real estate market a strong start for the first part of 2013. 

This article marks the start of a six-part series on the subject of urbanism using examples from across the region and highlighting concepts on the minds of local professionals.

The elevated strip of U.S. 131 and its signature S-Curve could disappear from the downtown Grand Rapids map.

Giving people a reason to spend their money in the city’s downtown district didn’t come cheap, but leaders at Battle Creek Unlimited say the effort has been worth the investment.

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