ANN ARBOR, MI-The locally based bank has purchased the 11 Detroit area offices and assets of a Southfield bank in a move aimed at expanding its footprint in the Detroit market.

DETROIT-The manager of the Federal Reserve Bank in Detroit tells GlobeSt.com the bank's 220,000-sf building project is progressing on schedule, with work focusing on building a vault this week.

SHELBY TOWNSHIP, MI-Rezoning allows for a shopping center to be built on 23 acres in the township, rather than heavy manufacturing. The land is part of the Packard Proving Grounds project.

BLOOMFIELD HILLS, MI-iCap Realty Advisors land a $3.2-million loan for the owner of Bloomfield Professional, a 41,000 sf medical office. The new mortgage is for a 10-year term.

SOUTH LYON, MI-Residents are worried about a strip mall's effect on traffic and want more control of zoning. Boardwalk Investment Group plans to build 68 condominiums and a commercial strip with a Rite Aid store, Comerica Bank and a Big Boy restaurant.

CLINTON TOWNSHIP, MI-A township rezoning moves clears the way for a landmark east side eatery to move one lot north of its Gratiot and Metropolitan Parkway location and make way for CVS Pharmacy.

SOUTHFIELD, MI-Sun Communities REIT sees revenues increase 4% in first quarter, while expenses increase less than 1%. Occupancy remains level at 89.3%.

DETROIT-A change in developers means renovation of an historic hotel won't meet the Super Bowl deadline the city had set. "We're hoping to have a major portion of the hotel built--not all of it--by the Super Bowl in 2006," says George Jackson, president and chief executive of the quasi-public Detroit Economic Growth Corp.