BELLWOOD, IL-A 52,213-sf building at 1023 Cernan Dr. 100%-leased by Chicago Locker Co. here is sold while first-run movie distributor E.T.S. Direct leases 10,000 sf at Armitage Place in neighboring Melrose Park.

OAK BROOK, IL-Banyan Strategic Realty Trust directors approve a payout of $0.20 per share next month, following a distribution this summer of $4.75 per share following its $185.25-million office and industrial property sale.

SKOKIE, IL-Yes, they pay relatively high dividend returns now, and REIT share prices have enjoyed double-digit returns. But one local real estate banker says it's still buyer beware for investors.

CHICAGO-Highly-visible Downtown trophy properties may be nixed in favor of lower profile suburban buildings, experts say. One suggests companies should have plans for re-establishing operations in case of disaster.

OBETZ, OH-North Carolina-based Continental General Tire picks a 45-acre site in Pizzuti Cos.' CreekSide Industrial Park for a distribution facility. From there, it can reach 60% of US population within a 500-mile drive.

GREEN OAKS, IL-The motorcycle maker will move its nearby Waukegan dealership and repair shop to 14000 Rockland Rd., where another 35,000 sf of speculative office and warehouse space is available.

PLAINFIELD, IL-A package of multiple state and village incentives will add 80 jobs to the plant's payroll as well as merge the drinks company's traditional brewing system with modern packaging operations.

CHICAGO-The more than 1,000 units would range from Section 8 rental units at a former Chicago Housing Authority site in the South Side's Bronzeville neighborhood up to $1-million condominiums on the Near South Side.