CHICAGO-Financing is set and groundbreaking is scheduled for Saturday for the $250-million Heritage at Millennium Park, which will add 356 condominium units and 100,000 sf of retail space to the East Loop.

CHICAGO-In the often heated battle to keep companies and the jobs they provide within city limits or lure newcomers across state boundaries, a potpourri of incentive programs are being used aggressively across the US.

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.

CHICAGO-Security Capital Group Inc. bows out of the extended-stay lodging business by selling the 141-property chain to Blackstone Real Estate Advisors. Security Capital gets a $115-million note at 12% interest escalating to 16%.

EVANSTON, IL-The residential component of the $100-million redevelopment will be condominiums rather than multifamily rental units for seniors. The switch generates $1 million a year in additional property tax revenue.

CHICAGO-A 39,000-sf site between the West Loop and United Center would see up to 195,000 sf of new residential and retail space, according to a request for proposals issued by the city's department of planning and development.

CHICAGO-A bankruptcy filing by Primestone Investment Partners stops a Tuesday foreclosure auction sought by Vornado Realty Trust, which sells half of the debt to the former Prime Group Realty Trust suitor.

SCHAUMBURG, IL-Beachwood, OH-based Developers Diversified Realty Corp. is renovating two retail centers for $1.9 million, Woodfield Village Green at 1430 E. Golf Rd. in this "edge city" and another center in Lebanon, OH.