CHICAGO-Southern California will produce 30% of the company's net operating income when Trizec Properties Inc. closes on the 4.1-million-sf Arden Realty Inc. portfolio. Two-thirds of NOI will eventually come from three markets--Los Angeles, New York City and Washington, DC.

CHICAGO-A buyer has been identified for a joint venture interest in the 1.1-million-sf East Loop office building. Earnest money, however, is not at risk, Parkway Properties Inc. reports.

CHICAGO-A buyer has been identified for a joint venture interest in the 1.1-million-sf East Loop office building. Earnest money, however, is not at risk, Parkway Properties Inc. reports.

CHICAGO-Across the street from Sears Tower, 250 S. Wacker Dr. is getting an $18-million renovation from Mercantile Financial Center, LLC, which bought the 230,064-sf building for $16.7 million. In Naperville, CD Real Estate Development LLC is launching Regency Office Park, a 14-building, 119,000-sf office-condominium development.

CHICAGO-Not only will the law firm celebrate its centennial in 2013, it will mark 100 years in the Harris Bank building at 111 W. Monroe St., having signed a 10-year renewal. Although terms were not disclosed, asking net lease rates for 270,000 sf at 115 S. LaSalle St. start at $14 per sf.

SCHAUMBURG, IL-International transportation management and consultation company World Commerce Services, LLC relocates its headquarters from Wood Dale to 920 Algonquin Rd. In addition to the Chicago area, the company has offices in Long Beach, CA; Rosedale, NY and San Francisco.

CHICAGO-AMLI Residential becomes the latest local REIT to be gobbled up by an acquiring company, joining Great Lakes REIT and Prime Group Realty Trust, with CenterPoint Properties Trust set to go in a $3.4-billion deal.

CHICAGO-AMLI Residential becomes the latest local REIT to be gobbled up by an acquiring company, joining Great Lakes REIT and Prime Group Realty Trust, with CenterPoint Properties Trust set to go in a $3.4-billion deal.