Outside investors sink $150M in West Michigan properties
West Michigan’s commercial properties are catching the eye of out-of-state investors and last year’s estimated $150 million in property investment is the proof.
West Michigan’s commercial properties are catching the eye of out-of-state investors and last year’s estimated $150 million in property investment is the proof. One company, alone, has seen its way clear to sink some $40 million into the region’s economy.
According to excerpts from the story:
It’s a record year in western Michigan for out-of-state investment, which likely surpassed $150 million, estimated Colin Kraay, investment adviser at Grubb & Ellis|Paramount Commerce in Grand Rapids.
In the last days of 2007, the firm negotiated the sale of 17 industrial buildings for $35 million to $40 million to California-based Core Realty Holdings – a return buyer in the region. Core in 2005 purchased several industrial buildings in Kent County and the lakeshore.
Read the complete story here.
Author
Related Articles
Voices of Youth: Lessons learned from listening to young people
Over the past three years, Voices of Youth has shown us that by actively listening to what young people want, we often develop better ideas. Here, Publisher Tommy Allen reflects on the achievements and lessons learned over three years with Voices of Youth.
Library classes help residents learn skills, build community connections
At Kent District Library, in-person classes help residents learn practical skills while meeting neighbors and building connections in their community.
Gentex engineers help nonprofits improve efficiency
Gentex engineers apply manufacturing skills to streamline donations, boost volunteer impact, and expand services at Community Action House and Kids’ Food Basket.
