CHICAGO-The Spertus Institute for Jewish Studies needs $3 million to bridge a financing gap in plans to build a 10-story, 138,000-sf building at 610 S. Michigan Ave., expected to cost nearly $58 million.

CHICAGO-The Spertus Institute for Jewish Studies needs $3 million to bridge a financing gap in plans to build a 10-story, 138,000-sf building at 610 S. Michigan Ave., expected to cost nearly $58 million.

CHICAGO-The nonprofit 477-bed hospital, which sees the need for $65 million in capital improvements, expects to reap dividends from a $200-million residential redevelopment on its 22.6-acre campus.

CHICAGO-Delta Associates reports overall vacancy across the 172-million-sf suburban office market has inched down to 16%, but rents for class-A space have slid 2% this year.

NORTHBROOK, IL-Boulder Net Lease Funds, LLC buys a 105,000-sf office building on 15.4 acres in Lenexa, KS net-leased to Sprint for $6.2 million, gladly taking a short-term leasing risk.

CHICAGO-Delta Associates puts overall vacancy at 16.6% in the third quarter, up 1.3 percentage points from the same time in 2004, and suggests tenants have another year to take advantage of the soft market. However, investors may want to prune "tuned-up" assets, the research arm of Transwestern Commercial Services suggests.

CHICAGO-Executives of the largest US steel producer have been spread between East Chicago, IN and Richfield, OH but will take 53,000 sf on the 18th and 19th floors of the newest Central Loop office building in December.

AURORA, IL-The 464-unit AMLI at Oakhurst North, as well as the 996-unit AMLI at Riverbend in Indianapolis, are now jointly owned with a client of Rye Brook, NY-based Tuckerman Group, LLC.