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'On the map': Municipalities, real estate investors explore state’s new pot opportunities
As Michigan prepares to begin licensing medical marijuana businesses at the end of this year, the industry hopes for a windfall of new business and development opportunities, at least for communities willing to take advantage of them. As Michigan...
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'On the map': Municipalities, real estate investors explore state’s new pot opportunities
As Michigan prepares to begin licensing medical marijuana businesses at the end of this year, the industry hopes for a windfall of new business and development opportunities, at least for communities willing to take advantage of them. As Michigan...
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Shoot for the moon: In pitch to Amazon, Grand Rapids area shows it ‘punches above its weight’
GRAND RAPIDS — Officials from West Michigan acknowledge the region must overcome long odds in its bid to win the economic development sweepstakes for Amazon.com Inc.’s HQ2 project. GRAND RAPIDS — Officials from West Michigan acknowledge the region must...
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Labor contract dispute raises tensions ahead of The Rapid millage vote
An ongoing labor dispute between The Rapid and its unionized drivers and maintenance workers has become a wedge issue for groups typically aligned in support of transit millages. GRAND RAPIDS — An ongoing labor dispute between The Rapid and its...
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Data center operator Switch to pay $25 million for Pyramid campus south of Grand Rapids
GAINES TOWNSHIP — Technology firm Switch Inc. plans to buy the 700,000-square-foot Pyramid campus that’s home to its data center in southern Kent County, MiBiz has learned. GAINES TOWNSHIP — Technology firm Switch Inc. plans to buy the...
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Michigan Supreme Court strikes down controversial ‘dark store’ tax appeal
The Michigan Supreme Court on Friday denied an appeal from big box retailer Menard Inc., effectively ending the so-called “dark store” practice of property valuation in the state. LANSING — The Michigan Supreme Court on Friday denied an appeal from big...
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City selects Indianapolis firm’s proposal for further due diligence for possible reuse of 201 Market site
Officials with the city of Grand Rapids plan to move forward with further due diligence and vetting of one proposal to redevelop a key downtown parcel. GRAND RAPIDS — Officials with the city of Grand Rapids plan to move forward with further due...
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First Companies plans more medical office space in SE Grand Rapids
The East Paris Avenue corridor continues to act as a magnet for the development of new medical office buildings. GRAND RAPIDS — The East Paris Avenue corridor continues to act as a magnet for the development of new medical office buildings. First...
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Stein’s ‘tenacity’ drives dealmaking for Blackford Capital
With three acquisitions and two exits under his belt in the last year and a half, Martin Stein continues to drive a steady pace of deal activity at Blackford Capital. MiBiz 2017 M+A Deals & Dealmakers Awards Winner: Executive With three acquisitions...
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PE activity drives growth for Daniels’ M&A practice at Miller Johnson
While advising on more than two-dozen transactions over a 12-month period, Dustin Daniels saw firsthand the growth of private equity’s role in mergers and acquisitions in West Michigan. MiBiz 2017 M+A Deals & Dealmakers Awards Winner: Adviser While...
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Too much? West Michigan student housing rides the real estate development wave
The higher education student housing facilities of today have come a long way from the crowded dormitories familiar to many prior generations. The higher education student housing facilities of today have come a long way from the crowded dormitories...
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GRAM lawsuit highlights need for nonprofit transparency
GRAND RAPIDS — In the wake of a whistleblower lawsuit filed last month by its now-fired chief operating officer, the Grand Rapids Art Museum (GRAM) has to confront allegations that members of its executive leadership misused donor-restricted funds to...
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Townhouse apartment project planned for Grand Rapids’ northeast side
The boom in multifamily housing continues to spread to seemingly untouched areas of Grand Rapids. GRAND RAPIDS — The boom in multifamily housing continues to spread to seemingly untouched areas of the city. Developer and residential real estate agent...
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Ashley Furniture store planned for former MC Sports store on 28th Street SE
GRAND RAPIDS — Another former MC Sports location in West Michigan could soon have a new tenant. GRAND RAPIDS — Another former MC Sports location in West Michigan could soon have a new tenant. Ashley HomeStores Ltd., an Arcadia, Wis.-based furniture...
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Meijer continues to restructure I.T. department
Supercenter retailer Meijer Inc. continues to restructure its information technology services department. WALKER — Supercenter retailer Meijer Inc. continues to restructure its information technology services department. As MiBiz exclusively reported...
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Lawsuit alleges Grand Rapids Art Museum misused donor-restricted funds
The former COO of the Grand Rapids Art Museum (GRAM) has filed a whistleblower protection lawsuit against his former employer, alleging widespread misuse of donor-restricted funds. GRAND RAPIDS — The former COO of the Grand Rapids Art Museum (GRAM) has...
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Veteran PR exec launches marijuana-focused business
When Roberta King decided it was time for a career change, she wanted to make sure her next phase involved something unique. The long-time vice president of public relations and marketing at the Grand Rapids Community Foundation ultimately decided the...
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Metro Health medical office facility sells for $35 million in national deal
GRAND RAPIDS — A 105,000-square-foot medical office building fully occupied by Metro Health-University of Michigan Health was acquired by new owners as part of a multi-state, 25-building property deal, MiBiz has learned. GRAND RAPIDS — A...
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Lakeshore group seeks to bolster housing with new tools, grants
HOLLAND — Faced with a shortage of housing for people at various income levels, community leaders in Michigan’s fastest-growing county are exploring new ways to develop residential units. HOLLAND — Faced with a shortage of housing for people at various...
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Channel changes? West Michigan TV stations part of planned ‘transformational’ merger that runs afoul of FCC regs
GRAND RAPIDS — The path to close a $3.9 billion transaction between two giants in the television broadcasting industry could run directly through West Michigan. GRAND RAPIDS — The path to close a $3.9 billion transaction between two giants in the...