DETROIT- Sky Group, Inc. buys 244,400-sf eight-story office building in the Central Business District for less than $10 per sf, which still is twice the amount of the only other bid.

STERLING HEIGHTS, MI-DaimlerChrysler is expected to announce major renovation plans worth nearly $250 million for its assembly plant and stamping plant, both on Van Dyke.

STERLING HEIGHTS, MI-DaimlerChrysler is expected to announce major renovation plans worth nearly $250 million for its assembly plant and stamping plant, both on Van Dyke.

STERLING HEIGHTS, MI-French auto parts supplier Faurecia plans to build a new plant in this Detroit suburb to supply a local Chrysler plant. In addition to a $40-million investment, the plant is expected to employ 400.

FARMINGTON HILLS, MI-The Michigan REIT closes on three shopping centers that are part of a $450-million joint venture with Clarion Lion Properties Fund. Hunter's Square in Farmington Hills, Winchester Center in Rochester Hills and Marketplace of Delray in Delray Beach, FL total more than 900,000 sf.

DETROIT-Compuware Corp. chairman and chief executive Peter Karmanos Jr. bids $563 million for Mandalay Resort Group's 53.3% stake in MotorCity Casino, topping Marian Ilitch's offer by $38 million.

DETROIT-Compuware Corp. chairman and chief executive Peter Karmanos Jr. bids $563 million for Mandalay Resort Group's 53.3% stake in MotorCity Casino, topping Marian Ilitch's offer by $38 million.

FARMINGTON HILLS, MI-The Michigan REIT closes on three shopping centers that are part of a $450-million joint venture with Clarion Lion Properties Fund. Hunter's Square in Farmington Hills, Winchester Center in Rochester Hills and Marketplace of Delray in Delray Beach, FL total more than 900,000 sf.