DETROIT-Moving into the private sector when Democrat Jennifer Granholm replaced Republican John Engler as governor, Doug Rothwell marks a year as General Motors' real estate chief, overseeing local and international efforts.

SHELBY TOWNSHIP, MI-A $50-million shopping center at the southwest corner of Van Dyke and 26 Mile Road has received approval from the township board.

ROCHESTER HILLS, MI – There's a new player in the Detroit market. Chicago real estate investment company Next Realty LLC has purchased a Rochester Hills retail center, its first southeastern Michigan acquisition.

DETROIT-Local Initiatives Support Corp. says it has supported 1,500 residential units and 300,000 sf in retail development thanks to its recent "From The Ground Up" fund drive.

YPSILANTI, MI-Arbor Commercial Mortgage finances a $999,100 loan at 6.97% for the 162-unit River's Edge Apartments complex here. The deal gave the owner cash to pursue other investments.

LANSING, MI-A 17,000-sf building in the Old Town district, the oldest industrial property here, has been refurbished and will now serve as the Lansing office of Detroit law firm Clark Hill.

OWOSSO, MI-The majority owner of Sports Resorts International has offered to purchase three subsidiaries from the company. SPRI would retain control of a 330-acre Michigan property, where it plans to build a coliseum and racetrack.

STERLING HEIGHTS, MI-A 15-screen theater complex on the Detroit metro area's east side, apparently the victim of a 30-screen theater at Hall and Mound, is being shopped to developers.