CHICAGO-Prime Group Realty Trust has been in play on and off for more than three years, and Merrill Lynch & Co. continues to field offers in its assignment to explore "strategic alternatives." However, "We haven't been offering our individual properties because we think there's more value as a whole than piecemeal at this time," chairman Stephen Nardi says.

WAUKEGAN, IL-The Lakehurst Mall, on a death spiral ever since the opening of Gurnee Mills, comes down to make way for the Shaw Co.'s $200-million mixed-use Fountain Square development.

OAK BROOK, IL-Leasing agents have dealt with 20% of the portfolio rolling over this year, and the suburban office REIT continues to pursue sales of individual assets as well as the entire company.

CHICAGO-The inventory of new unsold condominiums and townhomes has dropped from its peak in early 2002, but trends favor developments that are ready for delivery rather than on the drawing board.

CHICAGO-The former Rainbo Gardens roller rink is being replaced by 127 townhouse units and condominiums as well as 15,000 sf of retail space that is expected to spark activity along the 4800 block of North Clark St.

CHICAGO-Jones Lang LaSalle managing director Douglas Holouch resigns after German law enforcement authorities accuse two project managers of bribery. London-based European CEO Robert Orr takes over German operations.

ARLINGTON HEIGHTS, IL-Arlington Hospitality, Inc. is about one-third of the way toward selling at least 25 properties, using some of the proceeds to build new AmeriHost Inn hotels.

CHICAGO-The 775-ft height and design of the 65-story elliptical glass-and-aluminum tower at 65 E. Huron St. raise eyebrows, but the project next to St. James Cathedral gets a favorable recommendation from the plan commission.