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Economic growth across markets in Western Michigan eased during 2016, falling closer in line with the rate experienced throughout the U.S.

A Chicago-area real estate investment firm has purchased the Tesla Tool and Die plant in Grand Rapids as part of a multi-state, 11-building portfolio, MiBiz has learned.

RDV affiliate sells Cascade Township business park

Written by | Friday, 22 September 2017 10:51 |

An entity tied to Grand Rapids-based RDV Corp., a family office for the DeVos family, has sold a portion of a Cascade Township industrial park to a Detroit-area investor.

Honigman to relocate in Kalamazoo

Written by | Friday, 22 September 2017 10:22 |

Detroit law firm Honigman Miller Schwartz and Cohn LLP is vacating its downtown Kalamazoo office and relocating to a new office park south of the city’s central business district.

Neogen president/COO resigns

Written by | Friday, 22 September 2017 08:36 |

The new CEO at Neogen Corp. plans to take on the role of company president.

Vacant 20-acre site in Wyoming hits the market

Written by | Thursday, 21 September 2017 16:33 |

A long-vacant 20-acre piece of land along 28th Street SW has now hit the market for $5.1 million.

Kalamazoo-based First National Bank of Michigan plans to move its Holland loan office early next year to a former bank office on Eighth Street in downtown Holland.

Okemos-based T.A. Forsberg Inc. has acquired the historic Blodgett Building at 15 Ionia Ave. SW in downtown Grand Rapids’ Heartside neighborhood.

G.B. Russo & Son Ltd. plans to open its 4,500-square-foot downtown location this weekend.

GRAND RAPIDS — G.B. Russo & Son Ltd. plans to open its 4,500-square-foot downtown location this weekend.

The Grand Rapids-based grocery store and deli retailer announced today that its store at 241 W. Fulton St. will open at 7:30 a.m. this Saturday.

The downtown store is Russo’s second location, with its main operations located on 29th Street SE in Grand Rapids.

The company recently rebranded as Russo’s International Market.

The Fulton Street location, previously home to a shuttered Bagger Dave’s Burger Tavern, will offer a menu consisting of sandwiches, pizza and salads, as well as deli, to-go items, beer and wine and a coffee shop, according to a statement. Certain toiletries and home goods products also will be available.

“The Grand Rapids community has been so devoted to our family business throughout the years, and our goal is to continue to serve the community to the best of our ability,” Phil Russo, president of Russo’s International Market, said in a statement. “We realized the lack of offerings for downtown residents, and want to meet this demand.” 

Plascore invests $6 million in Zeeland expansion

Written by | Wednesday, 20 September 2017 11:39 |

Plascore Inc. will invest $6 million to expand its aerospace component production facility in Zeeland Industrial Park.

MiBiz Growth Report: Sept 18, 2017

Written by | Sunday, 17 September 2017 20:00 |

Here is the MiBiz Growth Report for Sept 18, 2017:

Blue Cross Blue Shield of Michigan and Priority Health remain committed to selling individual health policies on the state’s public insurance exchange, even as a chief competitor opts to drop out of the market for next year.

Two previously announced mixed-use projects from 616 Development LLC appear to be moving forward, albeit with significant changes.

Grand Action to ‘idle’ organization

Written by | Friday, 15 September 2017 10:37 |

The steering committee behind some of downtown Grand Rapids’ largest economic drivers plans to put its organization on indefinite hiatus.

Chemical Financial Corp. plans to close and consolidate 25 more branches by the end of the year and trim its workforce 7 percent in a cost-cutting initiative that will generate $20 million in annualized savings.

Korea-based automotive supplier GNS America expects to invest $2.8 million and create 30 new jobs over the next two years as part of an expansion project in Holland Charter Township.

Austin, Texas-based Kestra Financial Inc. has acquired Rinvelt & David LLC, a wealth management firm in Grand Rapids.

GRAWN — A grower-owned fruit cooperative with several Western Michigan members has filed for Chapter 11 Bankruptcy protection, following a series of setbacks to its operations and annual harvest.

Auto-Owners Insurance plans Grand Rapids expansion

Written by | Wednesday, 06 September 2017 14:56 |

GRAND RAPIDS — Auto-Owners Insurance will expand its technology center operations in West Michigan.

Industrial Magnetics acquires Indiana manufacturer

Written by | Wednesday, 06 September 2017 14:08 |

Industrial Magnetics Inc. has purchased an Indiana manufacturer.

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