Michigan Real Estate News

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Gilbert Trades Out Brokerage Firms On Hudson’s Project

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Billionaire Dan Gilbert has hired the local office of New York City-based brokerage house Newmark to attract tenants to the new office space he’s building at Woodward and East Grand River avenues. The move marks a switch from the brokerage he had retained previously. The $1.4 billion Hudson’s site project is probably the highest and largest profile in the city, as of late. The market for office space has taken a beating because of the COVID-19 pandemic, pummeling sites like the Renaissance Center, Meridian Health and Compuware Corporation. The leasing of Gilbert’s 400,000 square feet of new build office space faces a challenging market.

 

Emagine Is Moving To Walsh College Troy Site

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.Emagine Entertainment Inc. is moving its headquarters to the Walsh College campus in Troy. The company has leased the second floor of the college’s facility for three years. The building includes an on-site gym, showers, and conference space. Emagine’s Chariman Paul Glantz hopes the amenities will entice workers to come back tot he office. Emagine has hired several Walsh interns and graduates and hopes the new environment will lead to finding and hiring more talent. The company will make the move in January.

 

Grand Rapids and Grand Haven Receive State Funding For Contamination Cleanup

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The Michigan Department of Environment, Great Lakes and Energy has awarded a $1.73 million brownfield cleanup grant to Grand Rapids and Grand Haven. The monies will be used for three residential and mixed-use projects on properties contaminated by gas and oil. Grand Rapids’ Boston Square Together is one of the projects that will benefit from the grant, enabling the Brownfield Redevelopment Authority to address the environmental contamination on the site. The monies will also be used for future commercial condominiums in Grand Haven and a planned residential development in northeast Grand Rapids.