DEARBORN, MI-The co-president and chief executive officer of Schostak Brothers tells GlobeSt.com the company sees opportunity knocking on redevelopment projects in certain areas of Detroit and its inner ring suburbs.

DEARBORN, MI-Office market experts say another big deal rivaling those struck by Compuware or EDS may be on the horizon for the CBD, which is having less success drawing the "bread and butter" deals.

DEARBORN, MI-Burton Farbman, founder and chairman of a real estate company now run by his two sons, says a passion for real estate drove him to success.

DEARBORN, MI-A key local developer predicts office vacancy rates will be back down to 12% in the Detroit market--but not until 2009. "The economy is picking up in Detroit, but it may be a couple years before that filters down into a stronger commercial real estate market," says Doug Rothwell, who oversees General Motors' worldwide real estate program.

NOVI, MI-A 140,093-sf class-A office building is on the market at an 8.9% capitalization rate, with a $14 million asking price. Qualex Photoprocessing Labs and Siemens Dematic Corp. are tenants. Marcus & Millichap wins the listing.

SOUTHFIELD, MI-The retail REIT says Wal-Mart will expand from a 139,000-sf store to a 208,000-sf supercenter at its Northwest Crossing center in Knoxville, TN as part of a redevelopment program.

DETROIT-General Motors has retained Jones Lang LaSalle to market a five-acre site the automaker owns next to its world headquarters location Downtown.

LANSING, MI-The state has issued a revised Invitation to bid for its Northville Psychiatric Hospital without a minimum bid in an attempt to let the market determine the value of the property.