DETROIT-Faurecia recently acquired the Ford/ACH automotive interiors business, and has leased a manufacturing property in north Detroit. Plus more Midwest news.

MADRID-The recent $125 billion bank bailout is going to be very expensive, but ultimately should work, said an executive from the New York City-based firm.

MISSION, KS-The company has dropped portions of the Mission Mall redevelopment, and now is going with Walmart-led retail and 300 apartments for about $170 million.

CHICAGO-The team has outgrown its current practice facility in Deerfield, IL, and is working with Mayor Emanuel to find a site for the team, which plays at the United Center.

HAMBURG-ECE and Estatement gmbh announced the tower plans this morning, but said only that a ‘large accident insurance firm’ will be the anchor.

LONDON-The investment into the 240,000-square-foot building, which also has offices and multifamily units, is the first push by the Italian firm into the United Kingdom.

NEW YORK CITY-The tower is worth between $700 million to $1 billion, according to a story this morning in the New York Post.

CHICAGO-Ellis, to remain based here, will lead Cannon’s urban planning and city design practice.