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REAL ESTATE
The Real Estate Corner with Rick Seese: July 2024 Edition
Rick Seese has 47 years experience working in real estate market, and each month, he shares the latest news and outlook for Lowell-area housing market. The Consumer Price Index (CPI) reported last Thursday was met with widespread applause from those hoping for the Federal Reserve (FED) to begin lowering interest rates. However, Friday brought an elevated Producer Price Index (PPI). Despite this, the data strongly suggests that the FED’s efforts to combat inflation have been effective and continue to be so.
Proposed Grand Rapids apartment development moves forward
GRAND RAPIDS, Mich. — A new, five-story apartment building with commercial retail space could be coming soon to the northeast side of Grand Rapids after city commissioners approved a rezoning ordinance on Tuesday afternoon. City commissioners voted unanimously in favor of the rezoning approval. They hope the courtyard-style apartment...
Affordable housing eyed for parking lot on Grand Rapids’ south side
GRAND RAPIDS, MI – A parking lot located on Grand Rapids’ south side is being eyed for a proposed affordable housing development amid ongoing efforts to meet housing needs across the city. Samaritas, a nonprofit that provides low-income housing, foster care and more, has expressed interest in purchasing...
Developer plans several new projects at Health Village south of Grand Rapids
Commercial real estate developer The Granger Group plans to proceed with a trio of projects on University of Michigan Health-West’s hospital campus south of Grand Rapids in Wyoming. Additional independent senior living units, multifamily residential, more medical offices and retail spaces, a restaurant, and a site for a year-round...
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