DETROIT-Sinai Grace Hospital will open a new open-heart surgery area this year, when it expects to post a profit after losing more than $100 million in recent years. Financial troubles had suspended procedures.

FARMINGTON HILLS, MI-A half-interest in the 981-unit Independence Green Apartments costs Denver-based multifamily REIT Aimco $45 million. However, the deal also includes a 401-unit Iowa City, IA complex.

DETROIT-The planning and development department will accept proposals to change or modify tax-free zones until July 13. Two more zones, set up to address economically distressed areas, could be created under law.

DETROIT-The State Fair on Eight Mile Road in Detroit is the subject of controversy surrounding plans for racetracks and questionable land sales. Championship Auto Racing Teams events on Belle Isle are up in the air.

TROY, MI-Developers get a hint from the new city council that a Children's Museum and 70,000-sf IMAX movie theater are no longer welcome in the civic center property. The new mayor doesn't believe in giving away land.

DETROIT-Trammell denies releasing a $72.4-million price figure and buyer information about the Fisher and Kahn buildings in Downtown. The sales price is lower, though, according to a company official.

NOVI, MI-Novi will be site for a 1,500-unit complex on 103 acres, with 14 residential

DETROIT-The project joins two others that total $15.7 million in the New Center area. Two abandoned industrial buildings will be developed, creating about 50 residential lofts and 20,000 sf of commercial space.