Until a couple of years ago, environmental assessments for property transactions did not include checking for PFAS contamination. Now, it has become standard practice in areas that have confirmed contamination with the family of industrial chemicals. According to legal experts who work in the real estate industry, both buyers and sellers need to complete due diligence when it comes to properties contaminated with PFAS.
GRAND RAPIDS — Ahead of the impending dissolution of the Kent County Land Bank Authority, the city of Grand Rapids and the Michigan Land Bank are working to form a partnership to allow the local agency’s services to continue under the state banner.
WALKER — Industrial technology and electrical services firm Feyen Zylstra LLC plans to invest $5.3 million in a new facility in Walker.
KALAMAZOO — Campus Advantage Inc., a student housing management company based in Austin, Texas, has taken over management of a property in Kalamazoo, near Western Michigan University.
GRAND RAPIDS — A development partnership wants to convert the massive former Display Pack Inc. building at 1340 Monroe Ave. NW into a 310-unit affordable housing project.
GRAND RAPIDS — RDV Corp. is planning a transformation of a former Fifth Third Bank building in downtown Grand Rapids where it announced in December it would move its headquarters.
GRAND RAPIDS — Developers for the new Studio Park entertainment district have resurrected plans to add an office building at the project, MiBiz has learned. Olsen Loeks Development LLC of Grand Rapids, in partnership with Studio C, says it will develop a new $30 million office development at 100 Ottawa SW in Grand Rapids.
GRAND RAPIDS — City planners hope a road diet along the Michigan Street corridor will move traffic more efficiently and help reduce crashes The road diet, planned for this spring, will extend from College Avenue to Eastern Avenue on the northeast side of Grand Rapids. Modifications include changing the striping configuration to create one travel lane in either direction and a center left-turn lane, plus a parking lane on the south side of the road.
The Kent County Road Commission has voted to deny a more than $5 million bid for its Central Complex property along the Grand River
GRANDVILLE — Mall owner Brookfield Property Partners LP has purchased the former Younkers store at RiverTown Crossings in Grandville. The purchase came as part of A&G Realty Partners’ auction of 10 department store properties formerly owned by Milwaukee-based The Bon-Ton Stores Inc., which filed for Chapter 11 bankruptcy protection in 2018. The Younkers location at The Lakes Mall in Fruitport Charter Township near Muskegon was also included in the auction.