CHICAGO-One fallacy of dotcom implosion is "some people wonder if the Internet matters anymore" but computers are likely to continue to grow in practical usage for brokers, leasing agents, property managers and financiers.

CHICAGO-When it comes to large commercial real estate deals, no tech stride is likely to ever replace the human element, professionals say. "There always will be two individuals getting together to make a deal," one says.

CHICAGO-Cohen Financial's industrial real estate venture acquires a 156,000-sf multi-tenant building in southwest suburban Bedford Park as well as an 85,500-sf distribution building in west suburban Itasca.

CHICAGO-Julien J. Studley, Inc. predicts office rental rates could drop from 10% to 15% by late 2002 thanks to new developments coming on line. But one of those developers is generally optimistic considering the circumstances.

CHICAGO-FagelHaber LLC takes 44,667 sf at 55 E. Monroe St., moving from a 25,150-sf location at 140 S. Dearborn. Julien J. Studley, Inc. represents the law firm in negotiations with Tishman Speyer Properties.

EVANSTON-The lakefront city is nominated for incorporating views of community groups as well as working with neighboring communities such as Chicago and Skokie. The award was the first given by the Illinois Association of Municipal Management Assistants.

OAKBROOK TERRACE, IL-The Treasury Department's Office of Thrift Supervision accepts a plan by the Chicago-based Pritzker family to provide a $355-million bailout and take over financially-troubled Superior Bank FSB.

LAKE GENEVA, WI-The former Playboy Club Resort in this resort town more than an hour's drive from Chicago is in the midst of its latest reincarnation, becoming Timber Ridge Lodge & Waterpark at Grand Geneva Resort and Spa.