CHICAGO-Navigant says resolution of distressed debt is starting to catch up with new additions to distress. Momentum is key to continuing the climb, says a company executive.

INDIANAPOLIS-Avondale Meadows is a redevelopment of former low-income homes. The project will feature up to 900 housing units and, about 150,000 square feet of retail.

POZNAN, POLAND-Jantar Shopping Centre sold for $120 million in Slupsk, and Heitman has taken a 75% interest in the 581,000-square-foot Galeria Malta Shopping Center here.

FRANKFURT, GERMANY-A partnership of JP Morgan and GIS has bought the OpernTurm office tower from Tishman and UBS. Tishman also has purchased a Paris building.

CHICAGO-Retail activity, now bustling compared to 2009, will see a similar up curve in 2011, with the first quarter slow and more investment expected to increase late next year.

LOUISVILLE, KY-KBS Real Estate Investment Trust, based in Newport Beach, CA, has added the 40-story, 723,000 square foot National City Tower here to its portfolio.

“There’s been positive trends – exports and manufacturing continue to show growth, railroad shipments show growth, and companies appear to show growth in income statements.”

SCHAUMBURG-The insurance firm increases its offices to more than 61,000 square feet at One Century Centre. Plus more Midwest news.