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DETROIT-The Milwaukee-based company scouts a 36-acre site for an automotive division headquarters in Southeast Michigan. However, two other Midwest states are under consideration, officials say.

KANSAS CITY-A new 25,000-sf store in the heart of the Westport entertainment and shopping district, five times larger than its previous location a mile away, is scheduled to open in November.

FARMINGTON HILLS, MI-The developer of neighborhood community shopping centers and single-tenant properties posted modest gains and paid a lower fourth-quarter dividend despite a 9.5% revenue increase for the year.

REDMOND, WA-On the heels of a strong fourth quarter's performance, the vacation timeshare company announced its common stock will be split three-for-two. The company is also about to be added to the Nasdaq Financial-100 Index.

PORTLAND-Occupancy dropped last year as the market continued to soak up five new hotels in the past four years. So far this year, hoteliers in select areas are sounding a little happier. Then again, more hotel rooms are on the way.

ORLANDO-Ajax Construction Co. of Orlando is building the 347,826-sf project for 1,864 students at a hard-and-soft construction cost of $115 per sf, up from a quoted $102 per sf last July. The $40 million high school is going up $16 million over the original planned cost, 25 miles west of Downtown Orlando.

LOS ANGELES-Blum Capital Partners LP has scrapped plans to finance part of the acquisition with junk bonds and instead will use more floating rate debt. The move should provide big interest savings.

REDWOOD CITY, CA-The loan comes from Prudential Mortgage Capital Company of San Francisco and is secured by a five-story office building at 305 Walnut Street that is 100% leased and occupied.