Innovative Properties Inc. (TSX-V: INR) ("Innovative") is pleased to announce it has sold two of its development properties to an arms length third party.

TIAA-CREF, the financial services organization and leading provider of retirement services in the academic, research, medical and cultural fields, and Developers Diversified, the nation's leading owner, manager and developer of market-dominant community centers, announced the closing of their joint venture created to purchase a portfolio of 67 community retail centers for approximately $3.0 billion of total asset value.

Client demand and ongoing geographic expansion have spurred land development consulting firm Atwell-Hicks to expand their office/industrial project teams and service offerings.

Joseph F. Logue, Jr. of Churchill Residential Development, LP knew a piece of property with potential when he saw one.

MI Developments Inc. ("MID") (TSX: MIM.A, MIM.B; NYSE: MIM) will announce its financial results for the fourth quarter and fiscal year ended December 31, 2006 on Wednesday, March 7, 2007 before the market opens for trading.