FRASER, MI-Macomb County is the hot market for industrial deals, two brokerage firms agree. Already, Comerica Bank has a deal in the works with Canadian automotive supplier Magna International for Citation Tool's former 264,000-sf building.

LANSING, MI-The deal for Toyota to develop land for a new research and development center near Ann Arbor hangs on an appeal of a lower court decision questioning the sale of 690 acres for $16 million less than a higher bid.

FLINT, MI-A new land bank authority has been established to speed redevelopment projects involving 600 properties in the Flint and Mount Morris Township areas.

PONTIAC, MI-The local development Turner Group is able to lease extra space at the 15,000-sf building at 18 W. Lawrence as well as another renovation project across the street 29 W. Lawrence.

SOUTHFIELD, MI-St. Petersburg, FL-based financial services giant Raymond James says it will sell its Downtown Detroit location and develop a new regional center here, eschewing a competing proposal from Texas.

DETROIT-The chief of the Michigan Economic Development Corp. says his first priority is helping businesses already in the state to grow.

ALBION, MI-Guardian Fiberglass chooses an expansion in Albion over a possible move to Texas after getting a $1.6-million single-business tax credit from the state and tax abatements from the city.

DETROIT-The 11-story, 510,000-sf Argonaut building will be developed for office, retail and residential use by Irvine, CA-based Orton Development Inc., which bought the property last year.