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  Grand Rapids Business Journal

IN THIS ISSUE
 

Retooling industrial space
Pete Daly

America’s economic future concealed a rude surprise in February 2007 when Ashley Capital acquired 4.6 million square feet of industrial/commercial space in 18 former Steelcase Inc. facilities at the shuttered factory complex off Eastern Avenue between 36th and 44th streets. more»

Beacon Hill at Eastgate rebounds from financing snafu
Elizabeth Slowik

Beacon Hill at Eastgate, the retirement community going up on the former location of Metro Health Hospital in Grand Rapids, was nearly scuttled during the financial meltdown of 2008. Now, a slightly revised version of the development is expected to open this fall, bringing new residences for senior citizens, as well as 70 new jobs. more»

New downtown parking ramps are green and high-tech
David Czurak

Even though the city’s newest parking ramp at the downtown corner of Commerce and Weston has been open for a few months, Parking Services had to wait until spring to unveil what may be the facility’s most unique feature. more»

Vacancies rise in industrial market
David Czurak

Vacancy rates in the metro area’s industrial real estate market rose at the end of last year, but at a slower pace than the first six months of the year. As expected, no new construction is on the horizon and bank financing remains very difficult to get, partly because property values have dropped. more»

Grants spotlight lighthouse projects
Megan Durisin - Capital News Service

LANSING — Several Michigan lighthouses are seeking grants to keep their lights shining, and their roofs, windows and paint in ship-shape condition. more»

Call it ‘Green Place’
David Czurak

Although its bottom line may be red, DeVos Place is now officially green. The city’s convention center was recently certified as a green venue by the Michigan Department of Energy, Labor and Economic Growth and is one of only a handful of such confirmed facilities in the state. more»

City gets EPA money
David Czurak

The U.S. Environmental Protection Agency has awarded 18 Michigan communities 25 brownfield grants totaling $10.7 million. The Grand Rapids Brownfield Redevelopment Authority received three grants worth $1.3 million. more»

Silver level LEED certification granted

Network180’s 2009 renovation and addition project has received Silver level Leadership in Energy and Environmental Design certification. The U.S. Green Building Council awarded the Silver certification after review of the project’s design and construction records. more»