Michigan Real Estate News

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Grand Rapids Office Market Continues to Sputter

The Grand Rapids third quarter office market vacancy rate hit 13.1 percent. The vacancy rate has been increasing since the pandemic as employees move between work-from-home and in-office situations. According to the real estate firm JLL, the market will continue its stops and starts for a while to come. Detroit’s General Motors is an example of the trend. The employer requested employees to come in three days a week only to rescind the request when employees pushed back. Grand Rapids suburban and central business district vacancy rates are one of the lowest in the U.S.

 

 

 

State Suspends Novi Dealership’s License

The Michigan Department of State has suspended the license for Carvana LLC, located in Novi. Several alleged violations of the Michigan Vehicle Code led to the suspension. The violations were found during an investigation of multiple no-title complaints from consumers. The violations include failure to make application for title and registration within 15 days, fraudulently selling and dealing in vehicles whose title applications and sale documents were destroyed by employees and then accepting the return of the vehicles, failure to maintain odometer records, improperly issuing temporary registrations, failure to supply records for inspection, possession of improper odometer disclosure records, and 127 instances of probation agreement violations. According to MDOS, the continued violations pose an imminent threat to the public’s health, safety and welfare

 

Lansing-Based Company Announces Grand Rapids Satellite

Lansing-based Clark Construction Company announced this week that it will open a Grand Rapids office in McKay Tower. The office will house the company’s West Michigan outpost. The company has done more than $500 million of work in the Grand Rapids area in the past ten years. The outpost is expected to open in the next 1 to 2 months. The company’s Vice President Dan Korte will lead almost 30 West Michigan employees at the new site. Currently, the company is in the middle of the Gun Lake Casino’s Phase Five project.