OWOSSO, MI-Despite ending 2003 in the black, Sports Resorts International tells the Securities and Exchange Commission it has been unable to obtain funding for a sports and entertainment complex in Mount Morris Township.

HOLT, MI-The Michigan-based Hot 'n Now will shed 16 locations, but retain five others. Also, a handful of franchise holders will continue to operate the brand.

FARMINGTON HILLS, MI-Agree Realty Corp. reports 17% of its base rents in 2003 came from Kmart Corp. Agree is working to fill a vacant Kmart store in a Florida shopping center.

BLOOMFIELD, MI-Hemlines are up, but the shopping center owner's stock gets downgraded: Taubman gets two reports, and the results are decidedly mixed.

SALINE, MI-Saline Dodge-Chrysler Jeep says it plans to move about a mile down the road as part of a $3 million plan to about triple the size of the dealership.

PONTIAC, MI-The Strand Theatre, part of a revitalization effort for downtown Pontiac, is expected to be open this fall. The $10 million redevelopment has been long and difficult.

ROSEVILLE, MI-Schostak Brothers says it's getting more aggressive in renting booths and kiosks in its mall by naming specialty leasing managers at each location.

MACOMB TOWNSHIP, MI-The Home Depot is opening its 64th Michigan location this week in a store that will total 102,513 sf.