SOUTHFIELD, MI-The REIT is listed among the 3,000 largest US stocks by total market capitalization. CEO Dennis Gershenson attributes the listing a to flurry of company activity in the first six months of 2002.

DETROIT-The California firm is consolidating properties in the western states and sells its share of 2 million sf in Penobscot and First National to PTG Holdings. The move comes after $20 million in improvements.

SOUTHFIELD, MI-Overall vacancy for Detroit area rose almost another percentage point to 16.3% in the second quarter, but it went down--remaining in single digits--in West Bloomfield and Bloomfield Hills.

SOUTHFIELD, MI-A sale, lease or partnership will be considered for the city-owned arts center on Southfield Road. Development proposals, along with a $75,000 bid deposit, are due by July 22.

SOUTHFIELD, MI-Two firms realize they mirror each other's business, resulting in Signature Associates-ONCOR International partnering with Zyndorf/Serchuk LLC in an attempt to branch out into northwest Ohio.

JACKSON, MI-Upscale retailer Jacobson Stores Inc. loses popularity and money, putting 23 store sites up for sale or lease following a Chapter 11 bankruptcy filing.

STERLING HEIGHTS, MI-The 260,000-sf shopping center is located in a populous area. The firm will manage and lease the property as well as build a 13,000-sf office and medical building there.

DETROIT-The $33.5-million project will include 126 multifamily units and 73,000 sf of retail space, adding more commercial development to an area of a city thirsty for new business and residents.