CHICAGO-The REIT closes on a package of 23 malls from The Richard E. Jacobs Group. Three of the malls in the 19.2-million-sf package are in Madison, WI and two are in Cincinnati. CBL enters Ohio for the first time.

CHICAGO-While the woes of the retail industry are hitting some shopping centers here hard, lifestyle centers in previously underserved outlying suburban areas should help buoy the market here.

CHICAGO-The office supplies retailer also will close stores in Monroe, MI and Benton Harbor, MI. They are among 50 underperforming stores being closed within the next 90 days.

CHICAGO- Syndicated Equities Corp. sells seven properties in north suburban Grayslake, Florida, Kentucky and Massachusetts for an average of $268.48 per sf. All are leased long-term by major drug store chains.

CHICAGO- Horizon Group Properties, Inc. sells a 117,980-sf factory outlet in Dry Ridge, KY to Sugar Oak Corp. The shopping center was 63% occupied at the time of closing. The sale reduces earning per share by $.03 per quarter.

CHICAGO-Pent-up multifamily demand drives prices per unit from $44,000 to more than $52,000 in the past year, says Marcus & Millichap research service manager Alon Z. Yonatan.

CHICAGO-Milwaukee-based Marcus Corp., which has theater and hotel holdings in the suburbs here, declares its regularly quarterly dividend of $0.055 per share payable Feb. 15 to shareholders of record as of Jan. 25.

CHICAGO-"The race for store locations has ended," Office Max Chairman and Chief Executive Officer Michael Feuer tells analysts Monday. Besides vacating more than 1 million sf, Office Max will slow expansion and seek smaller stores.