CHICAGO-The city wants to enlist a developer willing to team with Lakefront Supportive Housing and architect Helmut Jahn and build a 60-unit multifamily rental building at Division Street and Clybourn Avenue.

CHICAGO-Independent director Sheila A. Penrose takes over as chairman of the board of directors in January, replacing Stuart L. Scott, who also is retiring as chief executive officer.

CHICAGO-E. Barry Mansur and former company chairman Michael W. Reschke fail to post an additional $4.5 million in earnest money Tuesday as well as a commitment from a lender for $122 million to swing the $877-million deal.

CHICAGO-The city is hoping the possibility of acquisition authority spurs owners of vacant or under-utilized industrial properties in the Pilsen area to sell to developers.

CHICAGO-A partnership formed by Bonnie Management and Granite Realty Partners pays $27 million for the the community center at Diversey and Narragansett avenues, among the assets sold off by Malan Liquidating Trust.

ROLLING MEADOWS, IL-Waterton Residential Property Fund VII and VIII, a joint venture with California State Teachers Retirement System, picks up 1,677 units in Las Vegas and suburban Seattle in addition to the 692-unit Woodfield Gardens Apartments here. Meanwhile, Waterton Affordable Housing pays $8.3 million for the 154-unit New Vistas II in Chicago's South Shore neighborhood.

CHICAGO-The $23-million project at Oak Park Avenue and Forest Preserve Drive also helps New Horizons Center for the Developmentally Disabled build a 30,000-sf school to replace its current facility.

CHICAGO-While some city officials are frustrated over a lack of an office building at 300 W. Washington St., market conditions do not warrant additional space, the owners' attorney says.