PARK RIDGE, IL-Redevelopment of a 383,788-sf mixed-use project at Touhy Avenue and Northwest Highway is taking longer to build, largely because of a recently settled lawsuit. The project is becoming costlier, yet remains a profitable venture.

PARK RIDGE, IL-Redevelopment of a 383,788-sf mixed-use project at Touhy Avenue and Northwest Highway is taking longer to build, largely because of a recently settled lawsuit. The project is becoming costlier, yet remains a profitable venture.

CHICAGO-California-based tenancy-in-common group Evergreen Realty pays $25.4 million for three buildings totaling 731,169 sf, leased by Jacobson Transportation. The tenant was the REIT's largest in terms of rent and square footage.

CHICAGO-Shareholders representing about 75% of AMLI Residential Properties Trust's common stock agree to take $37.95 per share, a deal that values the multifamily REIT's portfolio at a capitalization rate below 6%.

CHICAGO-Shareholders representing about 75% of AMLI Residential Properties Trust's common stock agree to take $37.95 per share, a deal that values the multifamily REIT's portfolio at a capitalization rate below 6%.

CHICAGO-Costs of repairing its 1.2-million-sf Lakeway office complex in Metairie, LA total nearly $36 million, well under Equity Office Properties Trust's $50-million deductible. The largest US office REIT is reconsidering its insurance strategy in coastal areas.

CHICAGO-Costs of repairing its 1.2-million-sf Lakeway office complex in Metairie, LA total nearly $36 million, well under Equity Office Properties Trust's $50-million deductible. The largest US office REIT is reconsidering its insurance strategy in coastal areas.

CHICAGO-The largest US office REIT will start developing the rest of its land bank this year or find buyers willing to do it, according to president and chief executive officer Richard D. Kincaid.