ANN ARBOR, MI-The local transportation authority has a deal in the works to purchase the YMCA building in Ann Arbor. A $3.5 million offer is on the table.

WARREN, MI-The final 106,000-sf of a more than one million sf former US Army tank manufacturing plant has been leased by a local manufacturer.

ROCHESTER, MI-Oakland University officials are mulling a plan to spend as much as $12 million to renovate and upgrade historic Meadow Brook Hall. The university says the 800,000-sf building needs at least $5 million in upgrades just to stay standing into the future.

STERLING HEIGHTS, MI-The Sterling Inn will invest more than $1 million in a 9,000-sf expansion of its existing indoor water park in order to make it a destination location.

BRIGHTON, MI-Grubb & Ellis announces a new lease for Asbury Park Office Center in the city.

LANSING, MI-The state will finance a $7.5 million noise reduction effort at Detroit Metro Airport as part of $28 million in grants to pay for airport construction and improvements around the state.

NOVI, MI-iCap Realty closed the $4.78 million mortgage note on the acquisition of Novi Square, acquired as part of a 1031 Exchange. Due to the requirements of this transaction, iCap was able to obtain a loan commitment within two weeks.

SOUTHFIELD, MI-Sun Communities declares dividend and will announce its third quarter results at the end of the month.