MUSKEGON, MI-A 185,000-sf building formerly used by the Amazon Hosiery Mill in a tax-free zone on Lake Muskegon will cost $16 million to convert into 125 multifamily loft rental units.

ROMULUS, MI-Distribution facilities and a mixed-use project should become more popular now that a new 99-gate terminal is done, says Nemer Property Group's owner and president.

ANN ARBOR, MI-The ABN Amro Mortgage Group could shift its weight into an expanded building, or move down to Florida. Great Lakes REIT is designing a build-to-suit locally.

DETROIT-A lease in the Avis Farms Research & Business Park worth $1.6 million and a $1.9-million sale in two separate submarkets are handled by the local arm of Colliers International.

ROMULUS, MI-Land near the airport has become more viable for commercial development, if not valuable, since Northwest Airlines' $1.2-billion expansion. City officials hope for more development, especially retail stores.

DETROIT-The vacancy rate, with available sublease space included, almost doubles from last year, rising to 17.6%. However, Paragon Corporate Realty Services thinks the time is now for the upswing.

SOUTHFIELD, MI-Ramco-Gershenson Properties Trust is redeveloping Tel-Twelve and Lakeland shopping centers, as well as selling White Lake MarketPlace and Athens Towne Center in the first quarter. Funds from operations falls 6.3%.

SOUTHFIELD, MI-Toronto-based Onex Corp. and Oaktree Capital Management, LLC buys the rest of shares of Star Theatres for $110 million. Current owners Jim and Barrie Loeks will stay on until Loews Cineplex takes over in July.