WARREN, MI-After more than two years of review, a $400-million housing and office development near the GM Tech Center site is now slated for groundbreaking early next year. It is expected to take five years to complete.

BLOOMFIELD HILLS, MI-Taubman Centers swaps $100 million in preferred stock paying 9% for a new issue at 8%, which is expected to save the company $1 million next year.

ANN ARBOR, MI-The 45,000-sf dining facility is the second in a series of capital projects by the University of Michigan as part of a comprehensive plan to upgrade campus housing.

FARMINGTON HILLS, MI-The deal expands the REIT's Florida portfolio by 1.2 million sf in areas with strong demographics and high barriers to entry. Closings will occur through the first quarter of 2005.

DETROIT-Wayne State's technology incubator has hired its first day-to-day director. Marlo Jenkins more than 13 years of marketing and strategic planning experience.

BIRMINGHAM, MI-"We're definitely in a buying mode right now," says Scott Selzer, a CORE Real Estate Services principal. His company is scouting value-added opportunities.

BRIGHTON, MI-A German supplier of automotive exhaust systems and vehicle heating systems will expand its operations here with a 56,000-sf facility.

MADISON HEIGHTS, MI-A suburban equipment maker is moving to a 40,000-sf facility in Pontiac, just off Opdyke Road near South Boulevard. "We simply outgrew our Madison Heights location," says JAC Products president George Hofman.