TROY, MI-Work begins Monday on a new headquarters for Automation Alley, a group dedicated to increase the region's presence in the high-tech marketplace.

PONTIAC, MI-General Motors is seeking a city property tax abatement to help finance a proposed $380-million new engineering facility at Joslyn near Glenwood. It would consolidate operations in Warren, Romulus, Ypsilanti and Troy.

TROY, MI-The Hayman Co. received refinancing loans of $4 million for the Northfield Office Park occupied by the Palm Restaurant in Troy and $5 million in refinancing for the Oakland Office Center in Birmingham.

DETROIT-More building art now graces Detroit's skyline. Standard Federal Bank's "True Possibility" advertising theme graces the side of 1214 Randolph at the entrance to Greektown.

DETROIT-Millions of dollars worth of development work is under way--or just months away--along the Detroit Riverfront, notes Detroit Riverfront Conservancy and Michigan Economic Development Corp. chairman Matt Cullen.

TROY, MI-Two former Bill Knapp restaurants have been sold, each for in excess of $1 million, by Comerica Bank. They were acquired by the bank in Bill Knapp's 2002 bankruptcy proceedings.

BLOOMFIELD HILLS, MI-Taubman Centers has reaffirmed its earnings outlook for 2004, despite news that General Motors Pension Trusts might sell its interest in eight Taubman malls.

SOUTHFIELD, MI-Sun Communities Inc. says it is working on a plan to change its debt structuring, calling the action its most significant transaction since going public in 1993.