TROY, MI-In an attempt to help pay for a $4 billion pension fund debt, Delphi Corp. has filed with the SEC to create a REIT. The company hopes to raise up to $345 million through the sale of preferred stock.

TROY, MI-The bulk of 24 Kmart stores will transfer ownership to a consortium including the home improvement giant, Wal-Mart and Kohl's. Funds from the transfer will help Kmart emerge from bankruptcy.

TROY, MI-Most developers require the conditions of public financing to see some value in a proposed mixed-use project. City is moving forward to a public vote.

DETROIT-The Michigan Department of Transportation has teamed up with state

DETROIT-The first of an 11-building apartment complex in Grand Rapids, MI has signed its first lease as it opens its leasing office. In a Farmington Hills, MI, G&E sold a 34,000-sf industrial facility.

DETROIT-The Downtown area here is seeing millions of dollars in multifamily, office and retail development, and two DDA properties may be used for more than parking, if developers' plans come to fruition.

BLOOMFIELD HILLS, MI-Retail executive Myron Ullman will fill the seat vacated by A. Alfred Taubman's imprisonment, in part to block board takeover attempt by Simon Property Group.

DETROIT-Colliers report shows industrial space is not facing the same wild fluctuations