CHICAGO-Hyatt Corp. may have built its luxury Park Hyatt at Michigan and Chicago avenues at just the right time, says John Lyons, head of development. Favorable city and neighborhood approvals may be harder to come by.

CHICAGO-The banking industry gets a tip of the proverbial hat from Grubb & Ellis real estate advisory services president John G. Orrico for keeping the dot-com woes to a minimum nationwide.

McCOOK, IL-Work is expected to begin soon on the second phase of CenterPoint Businesss Center--McCook, a 445,008-sf warehouse facility in the REIT's 22.5-acre mixed-use business park. Completion is scheduled for September.

CHICAGO-The multifamily provider assembles a team with social services, planning, development and management backgrounds to win a recommendation for a pre-development contract for a West Side housing project.

NORTHBROOK, IL-The last few months may have been trying times at Grubb & Ellis Co., but the commercial real estate services company managed to post nearly 20% revenue growth and record quarterly revenue.

CHICAGO-Aramark Uniform and Career Apparel has announced plans to build a 125,000-sf facility on 12 acres at 43rd and Halsted streets. The company will vacate 100,000 sf of functionally obsolete space at 2334 S. Michigan Ave.

ELGIN, IL- The 90,000-sf neighborhood shopping center is DLC Management Corp.'s second acquisition in the Chicago market, and the Tarrytown, NY-based company has a third under contract. DLC plans to open a Chicago office.

ROSEMONT, IL-Five industrial property sales totaling more than 200,000 sf are closed recently by Colliers Bennett & Kahnweiler Inc. The value of the transactions were nearly $4 million.