REAL ESTATE

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Charley’s Crab shuts doors permanently

A longtime fine dining seafood restaurant in downtown Grand Rapids closed its doors permanently in the wake of COVID-19.

CWD Real Estate sees silver lining in aftermath of violent protests

Sam Cummings, managing partner with CWD, said he was “mad as hell” Saturday night and Sunday morning, but witnessing the community outreach and cleanup afterward restored his faith in West Michigan.

Home refinancing up, but mortgage loans are down

If there is a bright spot in the COVID-19 crisis, it’s that historically low interest rates have made now a good time to refinance a home to save money, according to local experts.

Orion breaks ground on new fire station

Orion Construction and the city of Cedar Springs recently broke ground on a new fire station.

Holistic health group offers prepared meals

Root Functional Medicine is expanding to offer prepared meal services through the Grand Rapids Downtown Market.

Physical rehab center announces new location

The Center for Physical Rehabilitation and Therapy LP announced plans to open its newest clinic Monday.

Local fashion designer to open first retail store

Grand Rapids-based fashion designer RC Caylan is bringing his designs to Breton Village this summer.The flagship store for RC Caylan Atelier will feature a...

Study ranks Grand Rapids among top housing markets for millennials

There are plenty of cities across the country where millennials are buying homes, and Grand Rapids is among their hottest targets.

Rockford acquires management of McKay Tower

Rockford Property Management assumed property management responsibilities at the historic McKay Tower in downtown Grand Rapids.

J.C. Penney closing 242 stores in wake of COVID-19

J.C. Penney plans to close hundreds of its stores in 2020 as part of its bankruptcy.

West Michigan home to healthiest housing markets in state

A recent study from SmartAsset ranked the healthiest housing markets in Michigan, and five West Michigan communities were in the top 10.

Cedar Springs Dental breaks ground on new facility

Cedar Springs Dental broke ground on a new 3,000-square-foot office to replace the current 1,000-square-foot facility located at 20 East Church Street NE in Cedar Springs.

Sun Title Agency offers remote notarizations

For those looking to close on their new property while maintaining social distancing during the state’s current shelter-in-place order, Sun Title Agency is offering new methods to finalize properties safely and legally.

Popeyes opening two new West Michigan locations

Two more locations of a restaurant chain known for serving “spicy New Orleans-style chicken” are coming to the area.

Grand Rapids tops national average of adults who live alone

An analysis from Self Financial found 25,191 Grand Rapids adults live alone, which is 17.2% of all adults in the city.

March housing permits increase 10% year over year

The Home Builders Association of Michigan reported year-to-date housing permits for Michigan single-family homes increased by 10% compared to permits pulled in March 2019.

Property management company providing community garden for residents

Residents of two Grand Rapids apartment communities managed by Eenhoorn will be able to spend the 2020 summer season outdoors growing their own food as part of a pilot project to increase sustainability efforts.

Real estate uncertainty could bring opportunity

The COVID-19 pandemic upended an otherwise steady and busy quarter for commercial real estate in West Michigan, according to Colliers International West Michigan’s 2020 Q1 market reports.

Grand Rapids area remains hot market for millennial homebuyers

A new report from Construction Coverage found the greater Grand Rapids area is one of the more attractive markets for millennial homebuyers.

Berkadia obtains $15.1 million loan for Lofts on Alabama

Berkadia recently secured a $15.1 million loan with Fannie Mae for Lofts on Alabama, a Class-A apartment community in Grand Rapids’ West Side neighborhood.
New housing

Study: Almost one-third of Grand Rapids households are cost-burdened

The percentage of Grand Rapids households who struggle with housing costs is in line with the national average, but the burden is greater for renters than owners.

Title company adapts to social distancing rules

Title companies still are closing deals even though COVID-19 has slowed real estate transactions to a crawl.

COVID throws a wrench in City Tower

The 24-story City Tower promised to be Wheeler Development Group’s next flagship project, but now COVID-19 and the ensuing shelter-in-place order for the state of Michigan has put the project on ice as the developers examine the next steps.

Rental rates decelerate across state — except in Grand Rapids

Rental rates in Michigan are slowing down compared to last year, but growth still is positive based on a recent report.

NAI Wisinski of West Michigan brokers sale of Foote Hills apartment complex

An apartment complex in Grand Rapids recently was sold to a private equity firm in Michigan.

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