More than 780 acres of farmland in Michigan listed as assets of Midwest AG Investments LLC, a subsidiary of Vreba-Hoff Dairy, are scheduled to be sold at public auction in late September to help repay more than $9 million owed to creditors.

Festida Foods, a Cedar Springs, Mich.-based manufacturer of private label snacks, is relocating its tortilla chip operation to Grand Rapids after a property purchase handled by Amicus Management Inc., a court-appointed receiver in Grand Rapids.

Phoenix-based Hannay Investment Properties recently announced that they had surpassed $500 million in defaulted loans handled through receivership in just the last two years.

Amicus Management expands in Grand Rapids to better serve as court appointed receiver and workout specialist for mobile home communities, condos, office and medical buildings, shopping malls, hotels and industrial properties.