CHICAGO-Take a risk, Mid-North Financial Services, Inc. president and chairman Albert C. Hanna tells Inland Real Estate brokers, and follow trends that will make the city's West Side an attractive multifamily development bet.

CHICAGO-LaSalle Bank chief economist Carl Tannenbaum predicts interest rates could rise by as much as 150 basis points by year's end, while the current recovery could be thwarted by fallout from the Enron-Andersen debacle.

NILES, IL-Arrow Financial Services finds three times as much space in CenterPoint Properties Trust's building at 5990 W. Touhy Ave., in second-floor space vacated by W.W. Grainger. The company's move from nearby Lincolnwood is set for June.

CHICAGO-Developers Resources, Inc. built 525 W. Van Buren St. and 550 W. Van Buren St. without pre-leasing and may do the same on a 1.3-acre site at the southeast corner of Franklin and Van Buren streets.

CHICAGO-Bruce W. Duncan, formerly chairman, chief executive officer and president of Toronto-based Cadillac Fairview Corp. as well as the top jobs at Chicago-based JMB Institutional Realty Corp., begins taking the reins from Douglas Crocker next month.

OAK PARK, IL-A mixed-use building on the far north side of this suburb immediately west of Chicago sells for $86 per sf, while a property near the village hall is bought for $500,000 for redevelopment.

CHICAGO-The flight of tenants out of high-rise, high-profile Central Business District office towers hasn't been seen at Sears Tower, which TrizecHahn Corp. is expected to own entirely in 2003.

CHICAGO-The $80-million makeover of 175 W. Jackson Blvd. is the Greater Chicago Commercial Real Estate redevelopment of the year while its property rep, Intell Investment Management's Menahem Deitcher, takes home an award. UBS Tower is named development of the year.