MOUNT PROSPECT, IL-Sayers40 weighed its options elsewhere, but ultimately signs a 33,600-sf deal at First Industrial Realty Trust's 1150 Feehanville Dr., where it cuts occupancy costs and gets a tenant improvement allowance.

CHICAGO-JPMorgan Chase's acquisition of Bank One is the latest dash of cold water on an already soft Downtown office market, says GVA Williams Chicago president Rand A. Diamond, noting many of the 10,000 jobs expected to be lost in the merger could be here.

CHICAGO-Forced to relocate with the conversion of the landmark Palmolive Building from office space to condominiums, Jupiter Realty Corp. finds 20,500 sf five blocks south at 401 N. Michigan Ave.

LOMBARD, IL-Veteran industrial brokers Carl Manofsky and Tim Luby are looking for industrial redevelopment opportunities east of the Mississippi River in their latest venture. The two have spent $400 million on 18 million sf over the last 20 years.

EVANSTON, IL-Some suggest a dearth of available studio and one-bedroom condominiums makes the potential exit strategy for developers of a 221-unit rental building at 413-21 W. Howard St. one worth exploring sooner, rather than later.

CHICAGO-With a Toronto office property already off its books, Trizec Properties Inc. expects to be a net seller again this year, finding the office market unattractive. Assets in non-core markets can be had.

CHICAGO-The Seattle-based law firm completes "an extremely favorable transaction" with co-owner Prime Group Realty Trust for 55,074 sf at 131 S. Dearborn St., where occupancy is approaching the 70% mark.

CHICAGO-Equity Office Properties Trust's focus on smaller tenants, as well as renovation of the lobby serving 10 and 30 S. Wacker Dr., pay off in 62,230 sf of leasing activity at the complex anchored by the Chicago Mercantile Exchange.