JACKSON, MI-A US Bankruptcy Court decision allows the retail chain to continue negotiations with lenders led by Fleet Retail Finance, Inc. of Boston to get long-term financing to remain in business.

JACKSON, MI-Jacobson Stores Inc. is shutting under-performing stores in Ohio and Florida. It hopes to use $130 million in debtor-in-possession financing from two Boston lenders to rebuild the company.

DETROIT-Inner-city youth will benefit from Alternatives For Girls' new 32,000-sf building at West Grand Boulevard and Michigan Avenue. DaimlerChrysler Corp. puts financing of over the top with a $250,000 donation.

WARREN, MI-Vacant since the mid-1990s, the former Detroit Arsenal facility is now almost fully transformed into a 1.15-million-sf private industrial complex. Axle housings maker US Manufacturing Corp. is the newest tenant.

DETROIT-The state invests $10.4 million, with local governments matching that amount for road work, to help aid $444 million in private investment, the largest being Compuware's $350-million headquarters Downtown.

DETROIT-Don Massey dealerships in Detroit, Lansing and Plymouth, MI are sold by their retiring owner to Sonic Automotive Inc. of Charlotte, NC. They are among dealerships acquired, 13 of them selling Cadillacs.

WATERFORD, MI-Summit Place could be purchased in February by a California retail and multifamily property owner, GlobeSt.com learns. The underperforming mall would stay pretty much the same, says one local developer.

ECORSE, MI-A $12-million steel coil warehouse will be built on the 16-acre site of a former industrial manufacturing facility. National Steel Corp. will lease the new facility from Nicholson Terminal and Dock Company Inc.