TOLEDO, OH-Health Care REIT Inc. will use the 7.775% money to repay debt and add to its portfolio of 203 health care facilities in 33 states. Deutsche Banc Alex. Brown and UBS Warburg are joint-lead managers.

DETROIT-A West Bloomfield, MI researcher paints a portrait of struggling Detroit area office market, but believes it can be saved with a halt to construction and cautious dealing.

DETROIT-The retail REIT managed to post $1.4 million in funds from operations, compared to a $1.6-million loss in the second quarter of 2000 despite a slight drop in revenues to $9.9 million.

BLOOMFIELD HILLS, MI-The mega-mall REIT says it raised funds from operations 9.7% in the second quarter compared to last year, despite sales being down across the portfolio. Income, however, jumps 25%.

CHESTERFIELD TOWNSHIP, MI-Japanese-based manufacturing supplier Huron Precision Parts Corp. is constructing a 180,000-sf building at Gratiot Avenue and 25 Mile Road. The project is expected to be completed in April 2002.

BRIGHTON, MI-A Livingston County jury awards $420,000 against a land developer over a 376-acre golf course and residential development that failed to materialize as either party had planned.

FARMINGTON HILLS, MI-First-half demand keeps rents stable, thanks to developers and owners smartly holding back on new building. Vacancies haven't skyrocketed and asking rents remain stable, says Paragon Corporate Realty Services.

FARMINGTON HILLS, MI-First-half demand keeps rents stable, thanks to developers and owners smartly holding back on new building. Vacancies haven't skyrocketed and asking rents remain stable, says Paragon Corporate Realty Services.