Real Estate/Development

SPONSORED BY MICHIGAN ECONOMIC DEVELOPMENT CORPORATION | PURE PARTNERSHIP

Catalyst Development Co. LCC’s latest project in Kalamazoo, located at the southwest corner of North Edwards Street and Water Street, will bring more housing, offices and parking spaces to the growing downtown, which could spark some more retail development in the area. That’s according to Managing Director and Vice President Patti Owens, who said she does not see a slowdown in development coming any time soon for the Kalamazoo area. 

After a busy year on K-12 school projects, Triangle Associates Inc. is expecting more of the same in 2019 with the passage of multiple school bonds in the November midterm election. According to Senior Vice President and Partner Mitch Watt, these long-term school projects will carry the general contractor in the event of a slowdown in the construction market.

GRAND RAPIDS — To the disappointment of executives and several nonprofits present, the Kent County Board of Commissioners voted today to dissolve the Kent County Land Bank Authority.

GRAND RAPIDS — The public body that owns a 14.2-acre “opportunity site” along the Grand River is seeking bids on the property for a possible sale.

The developer of a proposed downtown hotel tower received approval today for state cleanup funding.

GRAND RAPIDS — Dr. Norman Beauchamp hopes a new innovation center at the Michigan State University Grand Rapids Research Center downtown will help get clinical discoveries to patients faster.

WALKER — A specialty chemicals company has scooped up space at a Walker-based industrial park for an eventual expansion of its West Michigan operations.

A public-private partnership approved today by the Michigan State University board of trustees will continue development of the downtown Grand Rapids Research Center campus.

GRAND RAPIDS — A contaminated former gas station property in Grand Rapids will be redeveloped after being receiving brownfield funding from the Michigan Department of Environmental Quality.

Watermark Properties announced today that it will purchase Macatawa Legends Golf Club in Holland.

GRAND RAPIDS — Nine proposed affordable housing projects in West Michigan have been awarded tax credits.

With vacancy rates across all commercial real estate sectors at near record lows in West Michigan, industry executives say buyers have increasingly turned their attention to vacant land.

Stakeholders in West Michigan’s commercial real estate, architecture and construction industries are coming off another big year for development and see few signs that indicate a significant slowdown in 2019. 

WALKER — Falk North America Inc. is the latest company to plan a move into WalkerView Industrial Park. 

GRAND RAPIDS — Five distinct areas of Grand Rapids’ southside likely will soon have an Area Specific Plan (ASP) to help guide development. 

GRANDVILLE — A 20-year-old mall in southwestern Kent County could potentially turn into a mixed-use “mini-city,” or be repositioned for a sale.

HUDSONVILLE — With a significant number of available jobs in the U.S. and persistently low national unemployment, companies looking for workers will struggle in 2019.

The DeVos family office announced Monday that it has agreed to purchase a vacant office building in downtown Grand Rapids.

GRAND RAPIDS — A proposed housing development is seeking approvals from the city and state before moving forward in the Belknap Lookout neighborhood.

GRAND RAPIDS — A Grand Rapids nonprofit is beginning efforts to create a land trust that will allow for low-income home ownership in the city’s core neighborhoods.

Two major Southwest Michigan development projects are moving forward after receiving approval for state incentives.

GRAND RAPIDS — The non-gaming arm of the Nottawaseppi Huron Band of the Potawatomi has acquired a downtown building for its headquarters as it looks to grow its federal contracting business, MiBiz has learned. 

An East Lansing property management firm closed this week on a deal to buy a 107-unit apartment building just east of downtown.

A New York City investment firm has scooped up two apartment complexes southwest of Grand Rapids in a series of deals totaling more than $215.3 million, MiBiz has learned.

GRAND RAPIDS — Downtown could soon see its first African American-owned bar and restaurant in years.

GRAND RAPIDS —  is the new owner of two more properties along the Michigan Street corridor. 

GRAND RAPIDS — Changes involving a pair of West Michigan commercial real estate brokerages could signal future growth opportunities for the firms, sources say. 

GRAND RAPIDS — A broad group of stakeholders on Thursday unveiled conceptual plans for re-designing public spaces on both banks of the Grand River through downtown Grand Rapids.

GRAND RAPIDS — The Bridge Street corridor west of downtown Grand Rapids continues to serve as a magnet for new housing options.

EAST LANSING — Martin Commercial Properties Inc., an East Lansing-based commercial real estate brokerage with a Grand Rapids office, will end its 20-year affiliate relationship with CBRE Inc. at the end of this year.

GRAND RAPIDS — With minimal “velocity” in the West Michigan office market, Franklin Partners LLC has backed away from plans to construct a $30 million, 100,000-square-foot glass and steel office project on the south end of downtown. 

Four business expansions in West Michigan that will collectively generate $110.3 million in investment and create more than 280 jobs earned state incentives today.

Bradley Co. LLC wants to bolster its presence in West Michigan’s commercial real estate market via a new acquisition.

GRAND RAPIDS — A development group hopes that a small mixed-use project will fill a long-time hole in the city’s Heartside neighborhood south of downtown, MiBiz has learned.

A recent investment in a Grand Rapids office complex could serve as the template for what executives hope will become a new platform for West Michigan real estate investment.

GRAND RAPIDS — Red Oak Capital GP LLC wants to capitalize on the strong economy by seeking investors for a new fund that will offer senior lines of credit for commercial real estate deals.

PLAINFIELD TOWNSHIP — West Michigan’s retail sector continues to attract investment from outside the state amid an active real estate market.

WALKER — City planners hope to encourage downtown-style urbanism in the years ahead along a key suburban commercial corridor northwest of Grand Rapids.

GRANDVILLE –– Amid an apartment building boom across West Michigan, the Grand Castle stands out in ways few other projects do.

The rising price of steel and other building materials might cause sticker shock for some developers, but the costs are doing little to curb building activity around West Michigan.

Numerous public and private entities have turned their focus to restoring the Grand River through downtown Grand Rapids. While the new efforts remain in the early stages, they have the potential to redefine how West Michigan’s largest city interacts with its riverfront. In this multi-part report by reporter Nick Manes, MiBiz examines what the restoration process could mean for future investment, past and current projects, and a case study of how one Great Lakes city used its riverfront to concentrate redevelopment. 

West Michigan commercial real estate industry insiders see signs of a genuinely healthy market, albeit one that’s likely plateaued. 

Page 2 of 6