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Commercial Real Estate (207)

Shoppers at a typical big-box retailer wouldn’t think twice about walking several hundred feet from a parking spot to the store’s entrance.

A former state representative from Traverse City and a veteran of several state agencies, Kevin Elsenheimer was recently appointed to lead the Michigan State Housing Development Authority (MSHDA). As executive director, Elsenheimer said that his focus will be on three areas that MSHDA sees as its vital mission: getting people into affordable single-family and multifamily housing, addressing homelessness, and supporting community development efforts.

A push for quality space in the best areas — rather than a focus on the best price — continues to be the biggest driver of growth in West Michigan’s commercial retail estate market.

Walker-based Meijer Inc. has no current plans to shift away from its traditional big-box format in favor of smaller stores located in urban areas.

Stakeholders in Site 36, the sprawling vacant property near the intersection of 36th Street and Clay Avenue SW in Wyoming, maintain that they’re still being picky in finding the right one or two companies to develop the industrial location.

The City of Grand Rapids’ plan to use state funds to convert six parcels of underutilized property along the Grand River into green space has sparked a debate over land use and sustainable riverfront development.

A designated historic multi-family housing building in Grand Rapids’ burgeoning Cherry Hill-Heritage Hill neighborhoods has new owners.

The February announcement that California-based Trader Joe’s would open its first store in the West Michigan market created a social media frenzy and became the instant topic of watercooler conversations throughout the region.

The retail development segment typically emerges last from economic downturns. Only once construction has taken hold in the housing and industrial markets do retailers generally look to begin building again.

Jerry Zandstra aims to take the vacant, yet iconic Steelcase Pyramid in Gaines Township and transform it into a destination for education in science, technology, engineering, art and mathematics (STEAM). By next fall, the 660,0000-square-foot building is expected to begin filling up with public, private, charter and home school users looking to join a campus that Zandstra hopes will change the notion of traditional education. All schools will have autonomy, but there are a handful of requirements. Zandstra spoke with MiBiz about the project as well as how businesses in the area can leverage this new opportunity.

A push by automotive OEMs to have individual dealer stores focus on selling vehicles from one core brand or one automaker has led to the creation of a new dealership in Grand Rapids.

Michigan State University’s Board of Trustees today approved construction of the long-awaited Biomedical Research Center facility as part of the College of Human Medicine in downtown Grand Rapids.

Commercial real estate brokers are concerned about an overall lack of inventory across all sectors at the start of 2015.

Grand Rapids-based alternative energy developer Sustainable Partners LLC (Spart) has been selected to build its second biodigester in Coopersville.

Price is important, but it’s not necessarily the most important factor West Michigan companies consider these days when they’re looking for real estate.

In small towns across Michigan, development has shifted away from traditional downtown districts in recent years. But a number of cities hope to lure developers back to Main Street with support from the state’s placemaking incentives — and beer.

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