FERNDALE, MI-The city has rezoned several of its "for sale" properties to attract mixed-use development and possibly boost the price of the land. The estimated value of the land is more than $500,000.

DETROIT-A total of 1,842 units in seven multifamily rental complexes are sold for $87 million, most of them to STIRP II Michigan Portfolio, LLC of Mishawaka, IN.

DETROIT-A total of 1,842 units in seven multifamily rental complexes are sold for $87 million, most of them to STIRP II Michigan Portfolio, LLC of Mishawaka, IN.

CLINTON TOWNSHIP, MI-The University of Phoenix takes 20,000 sf in the River Edge Corporate Center to open a new campus in Macomb County. Enrollment is envisioned as high as 1,000.

TAYLOR, MI-Not only does Taylor Chrysler Jeep have a new owner and a new name, the dealership at 12000 S. Telegraph Rd. is getting a $2.6-million renovation in 2005

FARMINGTON HILLS, MI-The REIT secures additional funding for acquisitions under more favorable terms. The credit line grows from $125 million to $160 million, with the possibility of adding another $40 million.

MACOMB TOWNSHIP, MI-William Beaumont Hospitals plans a $50-million medical office and services complex at the northeast corner of M-59 and Tilch Road in the township.

FARMINGTON HILLS, MI-Ramco-Gershenson Properties Trust and Clarion Lion have launched a $450-million joint venture, with the retail REIT contributing nine properties to start.