CLEVELAND-The hotel REIT is able to handle the interests for 28 hotels from operating firms as a result of the new Modernization Act. The company will take a $15-million charge relating to the acquisition and termination of leases.

WOODHAVEN, MI-The automaker looks to sell a 75,000-sf parts plant here as part of its massive restructuring effort. Other facilities throughout the US and thousands of employees are affected.

DETROIT-Design experts have spent the past few days examining ways the city can continue rejuvenating its entertainment district, which has spawned Comerica Park, Ford Field, the Detroit Opera House, Music Hall and the Gem, Century, State and Fox theaters.

NOVI, MI-The plan commission erases park land designation for about 95 acres of North

CLEVELAND-Developers Diversified Realty trusts Troy, MI-based Kmart to pay rent, even though the company is facing tough times. At lease rates of $3 per sf, Kmart's occupancy costs are about 3% of sales.

GIBRALTAR, MI-Made in Detroit wants to build 160 homes and an 18-hole golf course on land alongside the Detroit River. The plan is not without controversy, however.

DETROIT-The 36th District Courthouse is too close to the new $300-million Ford Field, itself on schedule to open in time for the 2002 season, and will likely get caught up in a wave of redevelopment, local officials and brokers say.

DETROIT-Renovation of Michigan Central Depot could take almost two years, and up to $100 million from Control Terminals Inc. Meanwhile, the company negotiating with a major tenant who would anchor the redevelopment.