Construction of a multi-tenant facility in Walker

Michigan Business News

Visser Brothers to Build New Multi-Tenant Facility in Walker

News Summary Visser Brothers announces plans for a new 147,790-square-foot multi-tenant facility in Walker’s Northridge Industrial Park. Construction will start this winter without pre-committed tenants, reflecting the developer-friendly environment of the area. The project is expected to create about 100 jobs and involves an investment exceeding $10 million. With favorable

September 12, 2025 8:58 am

Luxury estate featuring a mansion and beautiful landscaping

Michigan Business News

Historic Estate in Michigan Sells for $12.8 Million

News Summary A luxurious 17,000-square-foot estate in Washtenaw County has set a new benchmark for real estate sales in Michigan with a closing price of $12.8 million. Spanning nearly 100 acres, the property was previously owned by businessman Louis Ferris and showcases a stunning architectural design inspired by Frank Lloyd

September 3, 2025 8:53 am

New housing developments in Muskegon, Michigan

Michigan Business News

Muskegon Enhances Infrastructure and Affordable Housing

News Summary Muskegon, Michigan is taking important steps to revitalize its infrastructure and create affordable housing. Recent developments include a 144-apartment housing project and industrial expansion efforts aimed at promoting economic growth. Local officials have approved critical rehabilitation certifications and tax incentives to support these initiatives, addressing the urgent need

September 1, 2025 8:58 am

Luxury homes along the shore of Walloon Lake in Michigan

Michigan Business News

Walloon Lake Named Most Expensive Lakefront Market in the U.S.

News Summary A recent study has revealed that Walloon Lake in Northern Michigan is the most expensive lakefront home market in the U.S., with an average listing price of $6.44 million. This price surpasses Lake Sherwood’s $6.15 million and Lake Tahoe’s $3.83 million. Over three months, Walloon Lake saw total

August 29, 2025 9:03 am

Illustration of diverse housing developments in Michigan as part of the MI Home Program

Michigan Business News

Michigan Launches MI Home Program to Combat Housing Shortage

News Summary Michigan is tackling its housing shortage with the launch of the MI Home Program, aiming to construct or rehabilitate 10,000 homes over five years with an $800 million budget. This initiative includes local zoning changes and an Employer-Assisted Housing Fund to support affordable housing solutions. Experts highlight the

August 21, 2025 9:26 am

Family-friendly neighborhood in Southwest Michigan with homes and parks

Michigan Business News

New ‘Make My Move’ Program Benefits Homebuyers in Southwest Michigan

News Summary A new initiative, the ‘Make My Move’ program, launched in May 2025, is offering $5,000 in down payment assistance to first-time homebuyers in Southwest Michigan. Targeting Van Buren, Berrien, and Cass counties, the program aims to alleviate housing challenges while promoting local economic growth. With over 700 applications

August 12, 2025 8:57 am

Michigan Business News

JCPenney Sells Six Michigan Stores in Major Transaction

News Summary Six JCPenney stores in Michigan are set to be sold as part of a $947 million deal involving 119 properties, finalized by Onyx Partners. These operational stores are part of JCPenney’s ongoing restructuring after its bankruptcy in 2020, aimed at reducing debt and modernizing operations. Following the recent

July 31, 2025 8:50 am

A view of residential housing in Michigan highlighting affordable and high-rent areas.

Michigan Business News

Michigan Renters Face Escalating Housing Crisis

News Summary A report from the National Low Income Housing Coalition highlights a growing housing crisis for Michigan renters, with the income needed for a two-bedroom apartment rising to $24.46 per hour. This contrasts sharply with the state’s minimum wage and average renter wages. The report indicates a significant disparity

July 24, 2025 8:59 am

Diverse Michigan landscapes including forest, lake, and open land for auction.

Michigan Business News

Michigan DNR Annual Surplus Land Auction Begins

News Summary The Michigan Department of Natural Resources is holding its annual surplus land auction from August 1 to September 5, featuring 126 properties across Michigan’s counties. These parcels, deemed surplus due to limited public use potential, will be available for bidding. Interested bidders can preregister to participate, and profits

July 15, 2025 8:50 am

Michigan Business News

Chicago Developers Sell Millie on Michigan Tower

News Summary Chicago’s real estate sector sees a notable change as Sterling Bay and Magellan Development Group sell the Millie on Michigan tower to Cedar Street and Kayne Anderson Real Estate. This 47-story mixed-use building features 289 luxury apartments and retail space, marking a significant deal amidst ongoing multifamily sales

July 10, 2025 8:58 am