CHICAGO-The city's department of planning and development has set a target price of $920,000 for an 8,744-sf vacant lot at 2041-47 W. Division St., a block west of Damen Avenue.

CHICAGO-The price for the building at 7522 S. Greenwood Ave. could be as low as $2.45 per sf. The 18,302-sf site could accommodate a redevelopment of 40,000 sf under current zoning.

CHICAGO-White Plains, NY-based Starwood Hotels & Resorts Worldwide Inc. tops a competing offer for the Westin Michigan Avenue by as much as $37 million.

CHICAGO-A below-market rental rate and "generous" tenant improvement package prompts Bruce Farrell Dorn & Associates, a firm that serves as State Farm Mutual Automobile Insurance Co.'s claims litigation department, to renew a 26,550-sf at 120 N. LaSalle St. three years ahead of expiration.

CHICAGO-St. Edmund's Redevelopment Corp. gets $4.8 million in equity financing from New York City-based Related Capital Co. for its $9-million rehab of 56 units on three sites bounded by Michigan and Wabash avenues, 57th and 61st streets.

ROLLING MEADOWS, IL-Meadows Realty LLC pays Gould Electronics $2.5 million for the shuttered upscale fitness club at 2950 Golf Rd., and is shooting for a reopening next month.

RIVERDALE, IL-A group from the Urban Land Institute and Campaign for Sensible Growth spend the second of a two-day visit in this south suburb, which is hoping to add affordable housing in its Pacesetter neighborhood.

CHICAGO-Loans totaling more than $200 million on the two Downtown office assets mature next year, when the buildings, as well as the entire Prime Group Realty Trust portfolio, could be under new ownership.