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Commercial Real Estate (195)

GRAND RAPIDS — After running into challenges with leasing retail space at a prominent downtown redevelopment, a DeVos-held entity got permission from the state to delay its incentive loan repayments.

Real estate projects to watch

Written by | Sunday, 09 July 2017 14:37 |

With a commercial real estate development pipeline that stretches into 2019, the forecast for the industry in West Michigan remains bright. MiBiz periodically checks in on the status of proposed developments. This report highlights several projects from around West Michigan and examines where they currently sit in the development pipeline.

GRAND RAPIDS — A local nonprofit real estate developer is in talks to acquire a large West and Mid-Michigan residential property portfolio from its current out-of-state owners, MiBiz has learned. 

GRAND RAPIDS — The developers of a mixed-use project being built on the southwest side of downtown just completed an $8.7 million capital raise to finalize a construction loan.

The group behind the Kent County Youth Fair will buy Deer Run Golf Club in Lowell Charter Township with plans to turn the 140-acre site into its new fairgrounds by 2020, MiBiz has learned.

Stakeholders in West Michigan’s commercial real estate and construction industries remain generally upbeat as they look toward the second half of the year. 

GRAND RAPIDS — After a half-dozen staff departures and several stalled high-profile projects, 616 Development LLC has struck a new partnership to put the real estate firm back on what it sees as a growth trajectory.

MACKINAC ISLAND — Despite generally strong economic activity and considerable private sector investment, even cities like Grand Rapids struggle to keep up with increased demands for public services. 

GRAND RAPIDS — With three offers on the table to acquire its under-utilized downtown office building, Kent County officials now have a decision to make: whether to actually sell the facility at 82 Ionia Avenue NW.

As executive director of the Kent County Land Bank Authority, David Allen thinks his organization contributes to more affordable housing options in the greater Grand Rapids area.

A new kind of institutional investor has started to capitalize on opportunities in West Michigan.

GRAND RAPIDS — Developers behind a $140 million movie theater and mixed-use district south of Van Andel Arena want to expand the project to include a new office tower and hotel, MiBiz has learned.

GRAND RAPIDS — A lawsuit filed last week alleges a West Michigan real estate firm engaged in racketeering and other fraudulent practices in order to charge higher rents at properties intended for affordable housing.

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.

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