BLOOMFIELD HILLS, MI-Funds from operations per share increase 11.4% while the company completes sales and purchases of assets during the first half of 2002. A low interest-rate environment also helps, the company admits.

ALLEGAN, MI-The state and city provide $640,000 in tax abatements to drug maker for its new building, keeping the company and its 25 additional jobs in the state rather than seeing them leave for South Carolina.

DETROIT-Made In Detroit is negotiating to convince banks that its mixed-use residential and golf course development is still viable. A scheduled May 9 auction was delayed until Thursday.

DETROIT- Quizno's Subs plans 90 store openings in Michigan by 2005, already leasing 21 locations through Friedman Real Estate Group of Farmington Hills. Meanwhile, Brake Depot ordered to close seven repair facilities in the state.

WALKER,MI-The newly-developed property is acquired by A&R Development II, with help from loan provider Holliday Fenoglio Fowler L.P. The lender is American Equity Investment Life.

DETROIT-Cobo Hall director Lou Pavledes says long-term plans to expand the facility to 700,000 sf is not likely to include removing the Red Wings' home. Rather, the expansion could go in one of three other directions.

BINGHAM FARMS, MI-President and chief executive officer Jeffrey Lewis predicts the closing on the sales of five assets, including Bricktown Square in Chicago, will take place "within the next 30 to 60 days.

PLYMOUTH, MI-ADVICS Co., LTD pays $15 million for a new facility to develop and sell automobile brake systems and components while J.S. Alberici Construction Co. expands by 5,000 sf in Detroit.