CHICAGO-The prolific development team of Mark Sutherland and Alex Pearsall will build 12 condominiums at 4127-29 S. Drexel Blvd. and eight townhouses at 3987-93 S. Drexel Blvd., sites that have been vacant for more than 10 years.

CHICAGO-Adding more than $760 million in debt to the balance sheet may not be the most prudent move for Trizec Properties Inc., CEO Timothy Callahan suggests, considering the value of the tallest building in North America was most recently pegged at $826 million.

VERNON HILLS, IL-The Milwaukee-based life insurance company with a $19-billion real estate portfolio teams with AMLI Residential for the eighth time, but the first in the REIT's home market of Chicago.

CHICAGO-The 10-year loan comes from Greenwich Capital, according to property records, which pegs the value of the 100,348-sf office building at $12 million. Cohen Financial's Don Trossman originates the deal.

CHICAGO-Major stockholder Howard M. Amster and chairman and CEO Gary J. Skoien pay $1.98 million for money-losing outlet centers in Daleville, IN and Somerset, PA. That offsets the cost of a loan restructuring arranged by Amster.

CHICAGO-AMLI Residential president Allan Sweet tells analysts at the 2003 NAREIT Institutional Investor Forum his company's capital expenses run about $325 per unit, lower than figures plugged into financial models. The difference stems from the youthful age of AMLI's portfolio.

ROCHELLE, IL-The "X" formed by interstates 39 and 88, near a $181-million Union Pacific intermodal facility, marks the spot for more than three million sf of warehouse and distribution space at The Interstate Transportation Center.

CHICAGO-Unlike the last recession, which offered bargains ahead of the economic recovery, panelists at Thursday's RealShare Chicago say distress sales and opportunities are more difficult to find this time around.