ROCHESTER HILLS, MI-Oakland University sees the opening of a $31.5-million building as well as groundbreaking on an expansion, while private Rochester College down the road is considering a new academic center.

MESA, AZ-PM Realty Advisors puts up the winning offer for the 272,708-sf Stapley Center. It's the third building in Arizona that the Newport Beach, CA owner has acquired from Denali National Trust.

SOUTHFIELD, MI-The retail REIT is repositioning some of its assets, including "de-malling" Tel-Twelve Mall in this Detroit suburb. Company officials expect an increase in funds from operations next year.

BLACK HAWK, CO-Windsor Woodmont Black Hawk Resort Corp. once envisioned building a second casino here as well as another hotel and spa. However, revenues are failing to support bond payments, the company reports.