CHICAGO-The largest US office REIT has spent $196.3 million since July buying back nearly 7.9 million shares of its own common stock. Company trustees approve another $200 million for the share repurchase program.

SAN DIEGO, CA-Real estate heavyweights Dennis Cruzan and Philip Monroe form CruzanMonroe and will focus on development and acquisition of infill office and industrial product.

LOS ANGELES, CA-Kilroy holds its dividend at 49.5 cents, while Macerich and Health Care Property Investors' dividends inch upward, despite a sluggish economy and weak leasing, especially in the office arena.

DETROIT-Mixed-use and residential developments being built over formerly contaminated property is expected to spur more than $115 million in new investment in the two communities. Most of it is expected along Port Huron's waterfront.