SOUTHFIELD, MI-The retail REIT says a stock offering was popular, increasing the number of outstanding shares. Ramco-Gershenson also expects a lag time before putting that money to use.

DETROIT-A 47-acre site bordered by Canfield Avenue, Martin Luther King Jr. Blvd., the John C. Lodge Expressway service drive and Gibson Avenue will be developed with 12,000 sf of retail space and 662 multifamily units.

DETROIT-David Schreiber earns Michigan Economic Developer of the Year honors for his work in bringing new development projects to Oakland County. He is supervisor of Oakland County's Economic Development Team.

TROY, MI-Voters reject a plan to raise property taxes to buy wetland property for about $2.4 million to save it from development. Some city council members say it should now be up to neighbors themselves to buy up wetlands.

DETROIT-This city provides a good example of how a land bank could be used to gather parcels into larger, more salable tracts for development. The land banks could be private corporations.

DETROIT-A government agency office in Detroit and brownfield site in the Downriver area get part of the $9 billion Fifth Third Bancorp of Cincinnati has pledged to lend over the next three years.

HANNIBAL, MO-Glimcher Realty Trust continues to market properties in non-strategic areas to potential buyers in order to reduce its debt. The sales volume so far this year is $22.4 million.

YPSILANTI TOWNSHIP, MI-This growing township is benefiting by residential growth and commercial development in neighboring cities, but it plans to create two busy thoroughfares along Michigan Avenue and Ecorse Road.