CHICAGO-A 280,000-sf building at 4100 W. 42nd Pl. in the Crawford Industrial District will likely come down after a $6.1-million acquisition by the Greater Chicago Food Depository in favor of a new structure.

CHICAGO-Home Depot makes it official, signing a long-term lease for 91,000 sf at 2665 N. Halsted St., where it will launch its "neighborhood store" concept involving customers ordering goods to be delivered to their homes.

CHICAGO-General Growth Properties picks up 18 shopping centers and 26 community centers in the Mountain States with occupancy and rental rates below its portfolio averages, but considered to be able to produce a 10% return nonetheless.

CHICAGO-The coupon rate on Security Capital Preferred Growth, Inc.'s 50,000 shares of Prime Group Realty Trust preferred stock could rise to 12.75% in May if a $40-million debt is not called in by then.

CHICAGO-The building formerly known as the Palmolive, and later, Playboy, building will be converted to 140 condominium units with retail space as well as the logistically challenging addition of parking.

CHICAGO-A development group led by Smithfield Properties will add 84,500 sf of new retail space and 99 multifamily rental apartments in the L-shape building that surrounds the Hotel Burnham. It will buy the property for $12 million, about what the city is paying for it.

CHICAGO-The Near South Side is booming with residential development in the massive Central Station development, but Timothy Desmond still hopes to land a major office tenant for Roosevelt Road. "If we can get that first guy to go in there, that'll be a big step for us," he says.

CHICAGO-The once booming market isn't likely to go bust, say developers Chris T. Carley and Theodore C. Mazola. Other developers are just as optimistic, planning new projects even while more than 4,000 units are unsold.