CHICAGO-First Commercial Bank has filed foreclosure lawsuits demanding more than $3.5 million against a 24-unit project on the 800 block of North California Avenue, constructed by JPV Development Group Inc.

SHELBYVILLE, IN-The City Council of Shelbyville has cleared the construction of a $7-million mixed-use commercial tower in the Intelliplex technology park.

NEW YORK CITY-Although home sales have dropped nationwide, apartment sales in Manhattan has grown stronger this summer.

CHICAGO-Illinois Association of Realtors' report shows that a continuing weak economy and the expiration of federal tax credits have made home sales fall 25.1% in July in the Chicago metropolitan area.

HOUSTON-Over the past six months, a degree of uncertainty has crept in the Houston office market due to changes in the industry landscape.

LAS VEGAS-A high employment rate and the slump of the construction industry have prevented people from vacationing in Las Vegas and thereby negatively affecting the extended-stay motel business.

CHICAGO-General Growth Properties Inc. has announced that the development firm it is going to start, once its bankruptcy woes are over, will be managed by three executives of Brookfield.

NEW YORK CITY-Lawmakers in New York are pressurizing banks to approve more mortgage modifications for overdue borrowers.