CHICAGO-Ten vacant lots worth $702,421 allow a second, 210-unit phase of the redevelopment of a Chicago Housing Authority project to move forward after the 42-unit first phase opens this summer.

CHICAGO-The asking price for the pair of 12-story buildings on the Near West Side was $55 million, representing a 6.4% capitalization rate. RREEF paid $38.5 million for the multifamily rental property in 2001.

CHICAGO-Among the contenders to land the building materials maker's headquarters was Bank One, which offered a net lease at $14 per sf. However, costs of reworking the space made it equivalent to the $24.45 per sf it will pay at Fifield Realty Corp.'s 18-story project at 550 W. Adams St.

OAK BROOK, IL-An Australian property fund could close on two years worth of dispositions for the REIT in June and the first quarter of 2005. CenterPoint Properties Trust would use proceeds to pay for its build-to-suit and redevelopment projects.

CHICAGO-The largest US retail REIT and teacher's pension fund part with the 265,359-sf Back of the Yards shopping center they co-developed 14 years ago at 47th Street and Damen Avenue.

CHICAGO-As the notorious public housing project along the Dan Ryan Expressway is being redeveloped, the city's community development commission endorses tax increment financing.

MELROSE PARK, IL-V-Land Corp. pays $5.75 million for a 14-acre site at 2501 W. North Ave., where Benjamin Moore operated a paint plant and warehouse in a 145,000-sf industrial building that will make way for retail development.

DENVER-Count OZ Architecture among those making the trek from Downtown to the former industrial area. It now is headquartered in the recently renovated Centennial School Supply Warehouse.