ELK GROVE VILLAGE, IL-The deal involving Franklin Street Properties Corp.'s entire building at 50 Northwest Point is the largest for existing space in the suburbs so far this year. The financial services giant is consolidating operations.

ELK GROVE VILLAGE, IL-The deal involving Franklin Street Properties Corp.'s entire building at 50 Northwest Point is the largest for existing space in the suburbs so far this year. The financial services giant is consolidating operations.

CHICAGO-A bill passed by the legislature limiting the use of eminent domain for private development awaits Gov. Rod Blagojevich's signature. The law also allows property owners or businesses displaced by eminent domain to recover relocation costs.

CHICAGO-A bill passed by the legislature limiting the use of eminent domain for private development awaits Gov. Rod Blagojevich's signature. The law also allows property owners or businesses displaced by eminent domain to recover relocation costs.

OAK BROOK, IL-Capitalization rates have averaged 6.8% on 1.1 million sf of acquisitions totaling $227 million so far this year for Inland Real Estate Corp.

CHICAGO-Richard D. Kincaid, president and chief executive officer of the largest US office REIT, points to Boston and Denver as well as his company's home base as markets with "significant" improvement.

CHICAGO-Replacing the north tower at the InterContinental Chicago is moving to the back burner as new owner Strategic Hotels & Resorts Inc. sees strong performance at the 792-room asset at 505 N. Michigan Ave. However, the company is bringing a concept that has proven extremely profitable at its Ritz-Carlton Half Moon Bay in California.

CHICAGO-The locally based multifamily rental REIT is planning a 278-unit, $70-million South Loop project after selling 1,221 suburban units for $186.7 million in the first quarter in Lake Zurich, Lombard and Palatine.