ST. LOUIS-Charter Municipal Mortgage Acceptance Co. and Related Capital Co. team up to provide financing for Historic Restoration, Inc.'s Merchandise Mart conversion to a luxury multifamily rental building.

CHICAGO-Developers have until Dec. 19 to submit proposals for redeveloping the 22,692-sf Supreme Life Insurance building as well as five neighboring townhouses at the southeast corner of 35th Street and King Drive.

CHICAGO-Panelists tell GVA Worldwide's conference here say private offices are out, cubicles in, with law firms being one notable exception. Accommodations also must be made for technology, they add.

CHICAGO-American Invsco has cut back the size of its proposed North Pond Estates on Lincoln Park, now planning 382 units instead of the original 450 on the site of the former Columbus Hospital.

CHICAGO-Equity Residential Trust COO Gerald Spector expects the acceleration of rent concessions to continue into 2002 as multifamily owners and operators strive to maintain or improve occupancy levels.

CHICAGO-A slumping condominium market prompts Heartland Partners to switch its 34-story, 242-unit second Kinzie Station building to a rental building, going from a suddenly overbuilt "for sale" market to underserved apartment sector.

CHICAGO-A weak O'Hare submarket, where direct vacancies have risen to 18.1%, forces GVA Worldwide and South Charles Capital Corp. to take the 302,088-sf class A building off the market. It was for sale at $48 million.

NORTHBROOK, IL-Grubb & Ellis regional managing directors will be in charge of all business in their territory as of Jan. 1, rather than focusing on one aspect, such as transaction services, consulting and property management.