ORLANDO-Dissatisfied with the lack of charity-giving choices, David A. Siegel, chairman of Central Florida Investments Inc., the largest independent vacation rental owner in Florida, is starting his own foundation that will be funded by volunteer contributions from his 5,000 employees and at least 1,000 vendors and suppliers.

DETROIT-John W. Brown, chairman, president and chief executive officer of the Stryker Corp., will serve on the corporate and executive boards of the Michigan Economic Development Corporation.

PARSIPPANY, NJ-Although asking rents remain stable, sublet availability is reaching critical mass, causing some pressure on taking rents, according to a second quarter report about to be issued by GVA Williams-NJ.

SCOTTSDALE-Reed Paper Co. is expanding in a relocation move into 16,120 sf at an office-warehouse property near Scottsdale Airpark. The five-year lease, valued at $1.1 million.