ROCHESTER HILLS, MI-Village of Rochester Hills is the first attempt at a de-malling in the state. The complex is undergoing extensive changes from a 120,000-sf mall to 375,000-sf outdoor mall.

AUBURN HILLS, MI-The Cooper Tire division consolidates three facilities into one, resulting in an industrial building in the Pinnacle Corporate Center becoming excess property. Technology Investment Partners takes it off Cooper Standard Automotive's books.

DETROIT-Marcus and Millichap predicts new construction will grind down in last half of 2002 to wait for the economy to rebound. However, the overall vacancy rate may rise another full percentage point.

OAKLAND COUNTY, MI-Three Michigan communities will receive $3 million in brownfield cleanup grants. The rest of the money, which is used to leverage private investment, goes to other states.

DETROIT-Multifamily rental and condominium building soared 25% last year, while single-family construction dropped slightly. The 5,387 multifamily units in the region were exceeded only by the 1990 total.

DETROIT-Marcus and Millichap predicts new construction will grind down in last half of 2002 to wait for the economy to rebound. However, the overall vacancy rate may rise another full percentage point.

AUBURN HILLS, MI-Osmic Inc. hopes to expand its technology to assist the medical diagnosis and therapy fields. The company invests nearly $10 million on a new 57,000-sf facility on Giddings and East Taylor roads while relocating from Troy.

PONTIAC, MI-One of richest counties in the US records higher gains again, which Oakland County Executive L. Brooks Patterson says is encouraging in the face of the national economic downturn.