SCHAUMBURG, IL-Kajima Construction Services based here completes a 150,000-sf warehouse and distribution building in IDI's 400-acre Park West industrial park for Scientific Optical Laboratories of Australia International.

MUNDELEIN, IL-American Marketing Services & Consultants moves into a 38,000-sf build-to-suit office and warehouse building in this far north suburb. Itasca, IL-based FCL Builders, Inc. completes the project in five months.

DOWNERS GROVE, IL-After building two telecom hotels in Phoenix, a joint venture involving Skokie,IL-based the Alter Group and Sterling Capital Ltd. has plans here, as well as in Indianapolis and Durham, NC.

AURORA, IL-The two sales total nearly 190,000 sf. Vice president Keith S. Stauber, SIOR, and associate Jeffery J. Janda of Colliers Bennett & Kahnweiler Inc. are involved in both industrial deals, worth about $9 million.

COLUMBUS, OH-This year, the REIT plans to focus on mall properties and sell up to $100 million of its portfolio. Glimcher is aiming to raise its mall properties from 60% to 70% of its holdings.

ELGIN, IL-Kanebridge Corp. will move into an 80,000-sf build-to-suit here when it is completed in May. Schaumburg, IL-based Kajima Construction Services, Inc. is building the warehouse and office facility.

CHICAGO-Vacancy rates hover around 12.6%. But buyers of suburban office buildings here may be busy in 2001 even while tenants will be more cautious this year, says real estate firm Cushman & Wakefield.

WEST DUNDEE, IL-Former McShane Corp. president Michael W. Luecht forms ML Capital Ventures LLC in this northwest suburb of Chicago. Luecht's new company will focus on investment and development in Illinois and Texas.