CHICAGO-The nation's largest multifamily REIT warns fourth-quarter and 2002 earnings will be lower than expected as a result of a weaker economy in the wake of the Sept. 11 terrorist attacks on the US.

CHICAGO-AMLI Residential Properties Trust says the economic slowdown means third- and fourth-quarter earnings will come in at $1.35 per share, rather than the First Call estimates of $1.43 per share.

CHICAGO-The city council is expected to approve an ordinance requiring written evacuation plans of office and residential buildings higher than 80 feet. The action is in response to the terrorist attack on the World Trade Center.

CHICAGO-Developers stick with plans for the $123-million mixed-use project on the site of the former police department headquarters and are rewarded with deposits on 26% of condo units before the sales office opens.

CHICAGO-The subsidiary of ISPAT North America, successor to Inland Steel, renews its lease on 37,719 sf at the landmark Loop building 30 W. Monroe St. It was the first skyscraper built in Chicago after the Depression.

CHICAGO RIDGE, IL-San Francisco-based purchaser AMB Property Corp. buys an 118-door facility at 10100 S. Virginia Ave. in this southwest suburb from Finch & Barry Properties, who turns over the property fully-leased.

CHICAGO-The 18-story University Center of Chicago residence hall would the largest student residence hall in the US if aldermen approve a city land donation of a parking lot in the 500 block of S. State St.

CHICAGO-AMLI Residential Properties Trust says the economic slowdown means third- and fourth-quarter earnings will come in at $1.35 per share, rather than the First Call estimates of $1.43 per share.