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NEW YORK ( TheStreet) -- MI Developments (NYSE: MIM) hit a new 52-week high Friday as it is currently trading at $37.68, above its previous 52-week high of $37.61 with 70,557 shares traded as of 2:13 p.m. ET. Average volume has been 171,200 shares over the past 30 days. MI Developments has a market cap of $1.63 billion and is part of the financial sector and real estate industry. Shares are up 15.9% year to date as of the close of trading on Thursday. MI Developments Inc. engages in the acquisition, development, construction, ownership, leasing, and management of primarily industrial and commercial properties.