CHICAGO-Up to $18 million in tax increment financing will help convert the hotel at 636 S. Michigan Ave., vacant since 1999 because its current owners' condominium conversion plans stalled, is converted to a 327-room Marriott Renaissance franchise by Denver-based Sage Hospitality Resources.

CHICAGO-Up to $18 million in tax increment financing will help convert the hotel at 636 S. Michigan Ave., vacant since 1999 because its current owners' condominium conversion plans stalled, is converted to a 327-room Marriott Renaissance franchise by Denver-based Sage Hospitality Resources.

CHICAGO-The $17-million grant through the federal Transportation Equity Act is expected to clear congestion at the Portage Park intersection of Irving Park Road, Cicero and Milwaukee avenues, where the city is spending $4 million to assist two redevelopment projects.

CHICAGO-South suburban developer Khadim Mustafa strikes a deal for a city-owned lot at 737 W. 103rd St. but needs one more 3,400-sf parcel to build a 7,700-sf retail center.

OAK BROOK, IL-Vacancy at 610 and 616 Enterprise Dr. was minimal when the two buildings totaling 20,000 sf are bought for nearly $3 million combined.

ELGIN, IL-The local company buys a 42,486-sf warehouse at 2425 Alft Ln. from Chicago-based developer Slough Development, with plans to lease it to tenants.

ELGIN, IL-The local company buys a 42,486-sf warehouse at 2425 Alft Ln. from Chicago-based developer Slough Development, with plans to lease it to tenants.

CHICAGO-The private equity firm explored relocation options but got additional space now with flexibility for more in a 22,770-sf renewal with Equity Office Properties Trust.