CHICAGO-InterContinental Hotels will retain a 15% stake in the deal with Strategic Hotel Capital, Inc., which places the value of the 807-room InterContinental Chicago and InterContinental Miami at $303.5 million.

CHICAGO-The next phase of the redevelopment of the Chicago Housing Authority's Henry Horner project includes 213 multifamily rental and for-sale units in 29 buildings, including eight for artists and professionals to live and work.

CHICAGO-The bank will have the 28th and 29th floors, as well as a 2,600-sf retail outlet on the ground floor of the 1.7-million-sf, 47-story triangular building at 71 S. Wacker Dr.

CHICAGO-The bank will have the 28th and 29th floors, as well as a 2,600-sf retail outlet on the ground floor of the 1.7-million-sf, 47-story triangular building at 71 S. Wacker Dr.

CHICAGO-Architect Scott Sonoc's first foray into development is building a $70-million, 20-story tower on his property at 735 W. Division St., which raises questions about how its size and density fits into the redeveloping area.

CHICAGO-Architect Scott Sonoc's first foray into development is building a $70-million, 20-story tower on his property at 735 W. Division St., which raises questions about how its size and density fits into the redeveloping area.

CHICAGO-The city is offering 1.4 acres at 4015-45 W. Washington Blvd., which is being rezoned to allow for up to 134,000 sf of retail space, for $615,000.

NORTHBROOK, IL-The real estate services company lures Noah D. Shlaes and Linda G. Tresslar from FPL Consulting. They join Grubb & Ellis Co. as managing directors.