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SCHAUMBURG, IL-Tenants have choices throughout the suburbs, but no more so than here, where the largest suburban submarket's vacancy rate soars past 20% to begin 2002. It could reach 25% here and throughout the suburbs, experts say.

ATLANTA-Ravinia Three Associates LP sold one of Atlanta's most visible properties for $125 million cash. The 805,972-sf building is 43% empty.

DENVER-Houston-based Hines Interests is frustrated by the powerful Lower Downtown design demolition review board, which has qualms with elements of the redevelopment project of the US Postal Service Terminal Annex Building.

KANKAKEE, IL-Located one hour south of Chicago, this city is becoming popular with cost-conscious firms, especially start-ups, who are unwilling to give up services in industrial space, observes Space Center Chicago, Inc. vice president Thomas Casey.

Everything we've heard indicates that the European economy is experiencing a slowdown and not a contraction.

ITASCA, IL-Hines Interests hires Grubb & Ellis to manage and lease the 1.1-million-sf Chancellory in this western suburb while San Francisco-based AMB Property Corp. taps Trammell Crow to manage industrial properties.

DALLAS-Cushman & Wakefield of Texas promotes a 10-year employee to executive director while Perkins & Will hires a 26-year veteran as a senior project designer. Gordon K. Gilmore changes affiliations after 26 years with the HOK Dallas team.

HOUSTON-Hines duplicates the flair of its high-end Texas Gallerias in a 941,000-sf retail venue in Barcelona. The unveiling is the first component to an 84-acre, mixed-use development. Diagonal Mar Centre boasts 240-plus stores.