CHICAGO-Building owners and their tenants began to rethink security measures in the wake of Sept. 11, and they are already reporting heftier premiums for less insurance coverage when policies come up for renewal.

BUFFALO GROVE, IL-The 236-unit, 98.1%-occupied property is in the process of getting a $20-million mortgage from an institutional lender for 10 years at 6.43%. That's $9 million more than the previous mortgage.

CHICAGO-The global real estate firm blames a slowing in closings of transactions as clients delay or bow out of deals. While cutting $45 million in costs, severance packages will add up to a $40-million fourth-quarter charge.

CHICAGO-Building owners and their tenants began to rethink security measures in the wake of Sept. 11, and they are already reporting heftier premiums for less insurance coverage when policies come up for renewal.

CHICAGO-First Industrial Realty Trust, Inc. posted double-digit funds from operations growth in the third quarter, but officials at the REIT see growth dipping into the mid-single digits in the fourth quarter and 2002.

ORLAND PARK, IL-Surrounded by Orland Square Mall as well as a luxury town home and assisted living development, the Terry's Lincoln Mercury property at 9401 W. 143rd St. is up for a sealed-bid auction Jan. 22.

CHICAGO-Aldermen pass an ordinance requiring all office and multifamily buildings 80 feet or taller to prepare evacuation plans. An original proposal was stricter on smaller buildings. Taller buildings still face tougher standards.

CHICAGO-Centerpoint Properties Trust will sell the land, which includes three industrial buildings, to the city for more than $775,000 per acre. The property actually is in Des Plaines, a suburb opposed to airport expansion.