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Cox Files Charges in Massive Detroit-Area Real Estate Ponzi Scheme

LANSING, MI - December 4, 2009 - (RealEstateRama) — Attorney General Mike Cox today announced the early morning arrest of a Grosse Ile woman accused of defrauding dozens of people in a massive real-estate Ponzi scheme. Rita Gosselin, 58, is charged with racketeering and multiple counts of obtaining money under false pretenses for orchestrating numerous fraudulent real estate investments and stealing hundreds of thousands of dollars from Michigan families

Agree Realty Corporation Announces Value Added Redevelopment Project

FARMINGTON HILLS, Mich., Jan. 16 /PRNewswire-FirstCall/ — Agree Realty Corporation (NYSE: ADC) announced today that it would partially redevelop Rapids Plaza, a community shopping center located in Big Rapids, Michigan.

Sun Communities Affirms 2007 FFO Guidance

SOUTHFIELD, Mich., Dec. 19 /PRNewswire-FirstCall/ — Sun Communities, Inc. (NYSE: SUI), a real estate investment trust (REIT) that owns and operates manufactured housing communities, today made the following announcement.