CHICAGO-The venerable improvisational comedy club will set up shop, including classrooms, for budding African-American comics to hone their craft in East Lake Management and Development's rehab of 4650 S. King Dr.

PALOS HEIGHTS, IL-High Technology Inc. has sold the 24,250-sf building at 11824 Southwest Hwy. to Vision Realty Partners for $1.875 million. It was 95% occupied at the time of sale.

CHICAGO-Michael Colleran had been running his own real estate investment banking consulting firm in Los Angeles after 12 years overseeing real estate acquisitions, sales, finance and operations for Miller, Klutznick, Davis and Gray and the Davis Cos.

BOSTON-The Ann Arbor, MI-based retailer is leasing 1,246 sf in Logan International Airport's Terminal E, which serves travelers on international flights. The concept has been tried in Newark, NJ, Cincinnati and Orlando.

CHICAGO-The coffee purveyor will open its first Chicago coffee shop in a predominantly African-American community at 7101 S. Stony Island Ave., a 1,620-sf store with a drive-through co-developed by Skokie-based Terraco Inc. and (Earvin) Magic Johnson's Los Angeles-based development company.

WEYMOUTH, MA-Another 900 acres still needs to be acquired this year, but the $1-billion redevelopment of the former South Weymouth Naval Air Station takes a step forward with a transfer of land to South Shore Tri-Town Development Corp.

CHICAGO-The Jones Lang LaSalle division still posts a $6.9-million loss for the first quarter, down from a $4.1-million loss for the same period in 2002 as operating expenses, including higher salaries and benefits, offset the revenue gain.

CHICAGO-Occupancy at Sears Tower is 89.2%, while the rest of Trizec Properties Inc.'s Downtown portfolio boasts a 94.4% occupancy rate. Both are better than the market, thanks to the REIT getting a jump on 2003 lease renewals.