CLEVELAND-Kristian D. Bjorson, a logistics group director, manages consulting and real estate implementation in the local office, wins the company's "Champion of Excellence" Award at the age of 31.

CLEVELAND-The hotel REIT reports sharp decreases in funds from operations, revenue and occupancy. The performance was expected in the aftermath of the Sept. 11 terrorist attacks on the US. A fourth-quarter dividend cut is likely.

DETROIT-A favorable vote Nov. 6 allows the city to borrow $20 million through a bond issue to renovate a 50-year-old facility with a 110,000-sf expansion. Another $30 million is sought in private funding.

ANN ARBOR, MI-The price tag could rise as high as $800 million during the next six years as the prescription drug company beefs up the state's life sciences research corridor. Local and state incentives totaling $58.4 million keep the company in state.

VAN BUREN TOWNSHIP, MI-The health care supply company takes over industrial space at 41775 Ecorse Rd. while food supply company IBP Foods leases 11,822 sf of office space in Farmington Hills, MI.

DETROIT-A three-story apartment complex will become part of the Woodbridge mixed-use development. Owners of the development will pay an independent licensed home health agency for services rather than providing them directly.

ANN ARBOR, MI-A Florida real estate firm will acquire all company's outstanding shares for $13.05 per share. Phillip Goldstein, portfolio manager of Opportunity Partners L.P. of New York, had tried to block the merger.

VAN BUREN CHARTER TOWNSHIP, MI-A former gravel pit here may be the site for the automotive supplier. The township offers a $31-million tax abatement while the state is dangling a $15.7-million single business tax credit.