DENVER-Steve Case, co-founder of America Online, buys a 50% ownership stake in Exclusive Resorts as part of a portfolio of post-AOL investments.

WALLKILL, NY-Wal-Mart will break ground on a 1.2 million-sf distribution center on Route 17K here in the spring of 2004. The project, which has been estimated to cost nearly $50 million, was put on hold by the retailer this past June.

FARMINGTON HILLS, MI-Real estate stocks have been doing well lately, and Agree Realty is one of those going up. As its stock price continues to rise, it's paying a 48.5-cent dividend.

LONDON-A senior government adviser has called for the introduction of a US-style REIT in the UK, so adding to the pressure for a relaxation of tax restrictions on residential property development and investment.