Displaying items tagged: JLL Inc
Lambert & Co. founder acquires downtown GR building for $3M to support growth
GRAND RAPIDS — The founder of public relations and investor relations firm Lambert & Co. has acquired a downtown Grand Rapids building to accommodate growth as well as the formation of a tech and marketing hub.
Family Church buys former Huntington Bank HQ in Holland Township for $7M
HOLLAND TWP. — A West Michigan church is expanding after recently purchasing a large former Huntington Bank headquarters in Holland Township for $7 million.
Industrial, multifamily residential remain ‘darlings’ for commercial real estate lending
Lending to the commercial real estate sector remained strong through the first quarter, particularly for manufacturing and multifamily residential developments.
$40M grant program would help downtowns recover from remote work shift
As companies take varied approaches to in-person and remote work, commercial real estate experts generally agree that office square footage needs will likely shrink with the adoption of more hybrid workspaces.
West Michigan office forecasts vary as quality spaces remain in demand
Commercial real estate experts have struggled to predict the future of the office market since the COVID-19 pandemic started, though they expect demand for high-quality office spaces to remain strong.
Report: Small businesses not recovering at same rate as overall Michigan economy
Michigan’s economy overall is recovering from last year, but lingering effects from COVID-19 are having a disproportionately negative effect on small businesses, according to a new report released by the Small Business Association of Michigan.
Local retailers gear up for holiday season showing strong consumer confidence
With fewer COVID-19 restrictions on in-person shopping and rising consumer confidence, retail experts and small business owners hope to see an increase in holiday shopping compared to 2020
‘Employee-driven market’ stalls commercial office leasing, investments
West Michigan’s commercial office market is in a lull as companies remain hesitant to bring back workers while offering more flexible schedules, leading to worsening vacancy rates and a lack of investment in new construction.
Downtown GR office vacancy increases; experts clash on when space could be filled
GRAND RAPIDS — Rental rates are rising for prime downtown Grand Rapids office space, but vacancy rates are also up significantly compared to previous years, according to a recent report from global real estate services firm JLL.
WMU Cooley Law School building in downtown GR listed for $19.8M
GRAND RAPIDS — The Western Michigan University Cooley Law School building in downtown Grand Rapids is on the market for $19.8 million.
Downtowns feel the pain as office workers remain home
In a typical year, around 40,000 office workers a day are in downtown Grand Rapids buying coffee or lunch, or sticking around to shop or attend an event.
