SOUTHFIELD, MI-Grubb & Ellis has brokered the sale of 151,210 sf of investment space in Northfield and the lease of more than 35,000 sf of industrial space in Sterling Heights in two seperate deals.

DETROIT-A jaw-dropping $243 million in revenue in the first nine months of this year for GMAC's commercial mortgage operations appear to be the deciding factor in the company removing it from the block.

DETROIT-A temp firm has leased 16,327 sf in the Penobscot Building in Downtown Detroit. Any kind of lease is welcome in the CBD's sluggish office market.

CADILLAC, MI-CB Richard Ellis has been named agent for a mall here working to recover from the loss of a Kmart store as its anchor.

DETROIT-GMAC says it is shelving plans for a possible sale of its commercial mortgage business after record levels of business in 2003.

ROYAL OAK, MI-The city commission here plans to raze two hotels it says are high crime spots, and seeks to have the property sold for new development.

DETROIT-The new $1.9-million facility is part of effort to create an eventual Michigan Life Sciences Corridor that would extend from here all the way to Kalamazoo.

DETROIT-No upturn, but perhaps a stabilization is forecast for the Metro Detroit office market for the fourth quarter, according to a new report.