HOWELL, MI-Developer Jim Lamb sells 47 of the 55 properties put on the market and raises $5.62 million at auction. Lamb will continue to market the unsold properties, but plans to use traditional marketing methods.

ANN ARBOR, MI-Demolition of the existing Stephen M. Ross School of Business will begin after classes are finished this spring. Construction of the new building, expected to open in 2008, will begin this fall.

ANN ARBOR, MI-Demolition of the existing Stephen M. Ross School of Business will begin after classes are finished this spring. Construction of the new building, expected to open in 2008, will begin this fall.

GRAND RAPIDS, MI-Philadelphia-based Pennsylvania Real Estate Investment Trust completes $156.5 million in long-term financing for the purchase of the Woodland Mall. PREIT uses the loan to repay two 90-day promissory notes worth $94.4 million issued when the mall was purchased earlier this year for $177.4 million.

GRAND RAPIDS, MI-Pennsylvania Real Estate Investment Trust completes $156.5 million in long-term financing for Woodland Mall acquisition.

GRAND RAPIDS, MI-Philadelphia-based Pennsylvania Real Estate Investment Trust completes $156.5 million in long-term financing for the purchase of the Woodland Mall. PREIT uses the loan to repay two 90-day promissory notes worth $94.4 million issued when the mall was purchased earlier this year for $177.4 million.

LANSING, MI-A once-vacant wheel manufacturing plant is in the third phase of being turned into Motor Wheel Lofts, a $12.8-million, 120-unit loft apartment complex. The first phase involved 40,000 sf of redevelopment and the second phase included 80,000 sf.

PLYMOUTH, MI-With the addition of a 118-room hotel, 70-seat restaurant and additional meeting space, the St. John's Golf & Conference Center is transformed into the Inn at St. John's. An official grand opening ceremony will be held on Friday.