CHICAGO-Kernersville, NC-based Dudley Beauty College will move from 1756 W. 95th St., which is being acquired for a new fire station, to a former police station in the Auburn-Gresham community that will be rehabbed by the school.

CLEVELAND-Due diligence is done, and so will the deal this week on the 767,180-sf Downtown Cleveland asset to main tenant National City Corp. After paying off first-mortgage holder Corus Bank, the rest of the money goes to pay loans with Fleet National Bank and Security Capital Preferred Growth.

CHICAGO-Some aldermen are skeptical about the transportation ideas offered in the Central Area Plan. Meanwhile, transit links from West Loop Metra stations are crucial to the North Michigan Avenue office market, the plan commission is told.

CHICAGO-A proclamation celebrating the Institute of Real Estate Management's 70th anniversary notes the group's efforts to educate and certify property managers. The local chapter has 600 members.

CHICAGO-A 600,000-sf building at 536 S. Clark St. housing various federal agencies will undergo a renovation that will create space for the Immigration and Naturalization Service, now operating in cramped quarters in the Central Loop.

CHICAGO-The Seattle-based bank, already the No. 1 residential lender in the state, will open its first 28 of 70 outlets in the market. Retail brokers report banks are likely to drive the leasing market, possibly replacing fast-food operations as the top market driver.

CHICAGO-A 6,000-sf addition to a 2,500-sf outlet will include a training facility and test kitchen. The franchisee will build on land acquired from the city for about one-third of the $405,000 appraised value.

ALSIP, IL-CenterPoint Properties Trust agreed to lease 70,000 sf to Advertising Resources Inc. on a short-term basis last year. The Chicago-based contract repackaging company has returned the favor by taking the entire 260,000-sf building on a long-term deal.