CHICAGO-Although 90% of the units are studios, the former hotels at 443 and 451 W. Wrightwood Ave. command a purchase price of $82,184 per unit in a deal brokered by the Chicago office of Inland Real Estate Sales, Inc.

CHICAGO-A mixed-use redevelopment project for a major Uptown intersection is on its way to a city community development commission hearing Dec. 18, when the debate over the use of $6.75 million in tax increment financing is rekindled.

WOOD DALE, IL-Comdisco sub-leases 69,995 sf to Time Definite Services Inc. at 1421 N. Wood Dale Rd. while Westye Group ends a nine-month search with a long-term lease for 50,996 sf in the Glendale Heights Business Center.

CHICAGO-Carlye Group and Lincoln Property Co., who were marketing their building at 111 E. Wacker Dr. this summer, get a new tenant in Chicago Community Trust, one of the largest local foundations in the US.

CHICAGO-An 88-year-old building at 506 W. Roscoe will make way for nine condominium units pending city council approval. Plan commission members approve developer George Ardelean's over neighbors' objections.

CHICAGO-Buoyed by rich per sf prices paid for several Walgreens outlets, retail property values have remained strong in the market, according to Marcus & Millichap Real Estate Investment Brokerage Co.

CHICAGO-Two Lambda Alpha International and Real Estate Investment Association panels point out that the realities of a master plan often clash with ideals, and Chicago's tradition of aldermanic prerogative more often than not works in citizens' favor.

HAZELCREST, IL-The 14-building Versailles Apartment Community closes in 60 days for $31,884 per unit, selling at a 14.36% overall capitalization rate. Oak Forest, IL-based SVM Management, LLC is the new owner.