DETROIT-The multifamily market is faltering, with rents and sales remaining unchanged. However, Marcus and Millichap predicts a turnaround by 2004, which bodes well for new developments already under construction.

BLOOMFIELD HILLS, MI-Charles Williams pays $1.76 million for the the 46-unit Scotia Manor Apartments on Nine Mile Road in Oak Park, MI while selling the 56-unit Greenfield Apartments at 16225 Greenfield Rd. for $890,000.

GAYLORD, MI-Chicago auctioneer Sheldon Good and Co. says the 1,100-acre Otsego Club and Resort comes with planned unit development in place that includes permission to build 1,200 units.

BINGHAM FARMS, MI-Sherwood Plaza in Springfield, IL; Kmart Plaza in Salina, KS; South City Center in Wichita, KS; and Kmart Plaza in Jefferson City, MO garner $14.8 million. The company borrows another $45.6 million to pay off the mortgage.

NORTHVILLE TOWNSHIP, MI-A deal with Grand Sakwa Properties of Farmington Hills nixes mobile homes while allowing for high-priced houses, duplexes and condominiums on 400 acres.

PLYMOUTH, MI-Convertible parts engineer and manufacturer Karmann USA will get a North American headquarters near the popular I-275/I-96 corridor. It will abandon office space in Livonia.

DETROIT-The University of Detroit Mercy, Western Michigan University in Kalamazoo and Tennessee Technological University in Cookeville, TN receive $370,000 from DENSO North American Foundation of Southfield, MI for design centers and engineering complexes.

AUBURN HILLS, MI-Financial performance for the manufactured home builder is expected to be helped by store and manufacturing facility closures as well as layoffs.