CHICAGO-Health problems of the blues legend's daughter, who also is the manager of the club at 1233 S. Wabash Ave., force the owner to put the property up for auction next month at a minimum bid of $550,000.

CHICAGO-Pricing and availability of coverage continues to be an issue even for the most well-heeled REITs, The Gerald Fogelson Forum on Real Estate is told. Deals have been pulled off the table as a result of higher costs.

CHICAGO-Factory outlet and power retail center REIT Horizon Group Properties, Inc. posts a $276,000 third-quarter loss with occupancies falling to 76.5% across the 2.5-million-sf portfolio.

CHICAGO-MB Beitler replaces Jones Lang LaSalle as leasing and management agent for the 1.5-million, 42-story office tower at Madison and Clinton streets, above a Metra terminal used by 94,000 commuters every work day.

CHICAGO-"We're back-dooring ourselves into a situation, whether we want to or not," Vornado Realty Trust's president says of the foreclosure action that could result in his REIT holding a one-third stake in Prime Group Realty Trust.

CHICAGO-The city works well without a master plan and with a process that virtually requires aldermanic approval of zoning within their wards, experts tell a Lambda Alpha International and Real Estate Investment Association symposium.

CHICAGO-With Security Capital Research & Management Inc. managing the portfolio of real estate securities and operating companies, the Nuveen Real Estate Income Fund begins trading on the American Stock Exchange.

CHICAGO-Plan commissioners recommend approval of Lakin General's 60,000-sf manufacturing facility in the Austin neighborhood, site of a former Archer Daniels Midland factory acquired by the city through foreclosure.