CHICAGO-Jonathan Lee plans a "three- or four-star restaurant" on the ground floor of the three-story, 7,000-sf Veseman Building at 442-44 N. LaSalle St. A sale is expected to close later this month.

CHICAGO-The nine-story, 1.6-million-sf flagship Marshall Field's store at 111 N. State St. will become a Chicago landmark, according to a recommendation to the city council, preserving interior and exterior elements including an iconic clock.

CHICAGO-The nine-story, 1.6-million-sf flagship Marshall Field's store at 111 N. State St. is set to become a Chicago landmark.

CHICAGO-For now, institutional investors remain willing to accept going-in capitalization rates as low as 6.8% for multifamily properties, according to Real Estate Research Corp.'s most recent survey, but see a mediocre economy.

SKOKIE, IL-The 90-bed Alden North Shore at 5050 W. Touhy Ave. and 81-bed Alden Estates of Evanston at 2520 Gross Point Rd. are refinanced for a combined $16.4 million with HUD 223(a)7 loans.

CHICAGO-The local hotel REIT now has all the 692 keys at 200 N. Columbus Dr., its second Downtown property. San Francisco-based Swig Co. exits the market with the sale.

CHICAGO-The investment research firm will vacate space at 225 W. Wacker Dr. in March 2008 for seven floors at the office portion of Mills Corp.'s $336-million mixed-use development.

CHICAGO-The investment research firm will vacate space at 225 W. Wacker Dr. in March 2008 for seven floors at the office portion of Mills Corp.'s $336-million mixed-use development.