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Grand Rapids shopping center sells to Michigan investor
GRAND RAPIDS — A strip shopping center along 28th Street has new owners. Grand Central Plaza, located at 2035 28th St. in Grand Rapids, was sold to an undisclosed Michigan-based firm, according to NAI Wisinski of West Michigan. GRAND RAPIDS — A strip...
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Grocery store planned for Tapestry Square south of downtown Grand Rapids
A co-op hopes to open a grocery store as part of a larger mixed-use project just south of downtown Grand Rapids. EDITOR’S NOTE: This story has been updated from its original version to clarify that the co-op has not reached an agreement with developer...
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CWD project in Wyoming secures $635,000 in brownfield funding to aid cleanup
The state will help fund the cleanup of a contaminated former dry cleaner in Wyoming to make way for a redevelopment project. WYOMING — The state will help fund the cleanup of a contaminated former dry cleaner in Wyoming to make way for a redevelopment...
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State certification program helps small communities signal openness to developers
For years, the city of Hudsonville wanted to encourage developers to create a more traditional downtown for the Ottawa County community. Officials often found themselves in a Catch 22 in trying to spur those kinds of development projects. Because the...
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Kalamazoo hopes local control of major streets leads to equitable development
KALAMAZOO — Southwest Michigan’s largest city is radically rethinking how its street network connects its people to neighborhoods, businesses and major institutions. In a January agreement with the Michigan Department of Transportation, the city of...
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West Michigan investment group buys downtown GR building for $4M
GRAND RAPIDS — A private investment group has purchased a downtown commercial office building at 61 Commerce Ave. SW for $4 million, MiBiz has learned. An investment group affiliated with Byron Center-based E5 Ventures LLC bought the five-story,...
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Grand Rapids investment group buys East Fulton building for $1.1 million
A corner commercial building along the East Fulton Street corridor in Grand Rapids is under new ownership. GRAND RAPIDS — A corner commercial building along the East Fulton Street corridor is under new ownership. The 13,400-square-foot building at 958...
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Affordable housing developers face delays with ‘oversubscribed’ LIHTC funding
GRAND RAPIDS — Developers relied on low-income tax credits to add nearly 2,000 units of affordable housing in the city over the last five years. While the credits provide key gap financing to affordable housing developers, officials who administer the...
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New housing boom comes to Walker
WALKER — With a massive amount of new housing in the works, the city of Walker hopes to further define its identity. Developers have planned and the city has approved more than 400 housing units for the Grand Rapids suburb, including 206 single-family...
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Federal tax reform offers benefits to real estate investors
Federal tax reform means multiple benefits to the real estate industry, although some further guidance is needed for investors to fully understand what that means. After President Donald Trump signed into law the most sweeping changes to the U.S....
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Q&A: Dr. David Karowe, Professor of biological sciences, Western Michigan University
that we cannot feel good with the status quo, and that change is necessary. Interview conducted and condensed by Sydney Smith. Courtesy photo.
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With Van Wyk Risk Solutions lease, Warner Building in downtown GR fills up
Van Wyk Risk Solutions has signed a lease to occupy Class A office space in the new Warner Building downtown. GRAND RAPIDS — Van Wyk Risk Solutions has signed a lease to occupy Class A office space in the new Warner Building downtown. With the addition...
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Kingma’s Market to close Ada store 18 months after opening
Kingma’s Market will close its store in Ada almost 18 months after opening the second location. ADA — Kingma’s Market will close its store in Ada almost 18 months after opening the second location. The Ada market will close “in an effort to put more...
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Michigan firms mirror U.S. in construction labor concerns
GRAND RAPIDS — The construction industry, both nationally and statewide, continues to express persistent concerns related to a labor shortage and escalating construction costs in the year ahead. GRAND RAPIDS — The construction industry, both nationally...
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Developer 616 Lofts files for bankruptcy
One of the most active development and property management firms in Grand Rapids in the years after the Great Recession now faces liquidation, MiBiz has learned. GRAND RAPIDS — One of the most active development and property management firms in Grand...
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Grand Rapids DDA selects Pioneer Construction to manage Calder Plaza renovations
Pioneer Construction Co. will serve as construction manager for the city’s renovation of VandenBerg Plaza, known commonly as Calder Plaza. GRAND RAPIDS — Pioneer Construction Co. will serve as construction manager for the city’s renovation of...
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Sale of Kent County Road Commission site presents big opportunities along Grand River
The proposed sale of a site on the west bank of the Grand River could offer the property’s next owner a chance to fulfill some community goals for the city’s waterfront. GRAND RAPIDS — The proposed sale of a site on the west bank of the Grand River...
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Closing of Kent County Land Bank presents unknowns for nonprofit developers
Executives at nonprofit development organizations think the dissolution of the Kent County Land Bank Authority will affect their operations, even if some of the specific effects will remain unknown until the agency is officially closed. GRAND RAPIDS —...
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Hospitality group acquires Traverse City resort for $23.2 million
The Greenwich Hospitality Group has acquired a northern Michigan beachside resort hotel. TRAVERSE CITY — The Greenwich Hospitality Corp. has purchased a northern Michigan beachside resort hotel. Through an affiliate, the group acquired West Bay Beach...
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Former West Michigan Younkers store locations to be auctioned
Two department store properties in West Michigan will hit the auction block this month. Two department store properties in West Michigan will hit the auction block this month. Real estate advisory and brokerage firm A&G Realty Partners on Jan. 28 plans...
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