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-"Affordable housing as well as education is at the very top of the mayor's agenda," Chicago housing commissioner John G. Markowski tells this week's National Housing Conference's symposium.

CHICAGO-"Affordable housing as well as education is at the very top of the mayor's agenda," Chicago housing commissioner John G. Markowski tells this week's National Housing Conference's symposium.

ELGIN, IL-Chicago-based Corus Bank loans Randall Lakes Limited Partnership $5 million to build a two-story office building, the fourth in Randall Point Executive Center. The office park has seen 160,000 sf of space leased.

CHICAGO-A housing trust fund, below-market mortgage money to developers of affordable housing and tax relief on the sale of multifamily buildings are among ideas floated at the National Housing Conference's symposium.

LISLE, IL-The 242-room property at 3000 Warrenville Rd. in this East-West Corridor suburb undergoes a $3.5 million conversion as it becomes Dallas-based Wyndham International's 11th property in the Chicago market.

PALATINE-Oak Brook-based Midwest Real Estate Equities, Inc. converts the 320-unit Wyndham Court Apartments in this northwest suburb of Chicago to the Wyndham Club condominiums, one of the largest suburban condominium conversions.

CHICAGO-It's not gloom and doom at the inns, but the numbers have changed on the local hotel market. One benefit of tough construction financing is less competition coming on the market.