Subject: Midwest Regional Digest (MWDIG)

November 27, 2001 Chicago retail center fetches $20.4MlnCHICAGO – Principal Capital Management has purchased the Old Town Square, a 87,185-square-foot retail property on Clybourn and Division streets, for $20.4 million. Terms were not disclosed. The property is fully occupied. L.J. ...

November 26, 2001 Chicago apartment market hits speed bumpCrain's Chicago BusinessCHICAGO – The softest rental market in 10 years is prompting landlords at downtown apartment buildings to offer up to two months' free rent to lure tenants. Luxury apartment buildings ...

November 20, 2001 Builder plans second mall near ClevelandThe (Cleveland) Plain DealerSUMMIT COIUNTY, Ohio – The DeBartolo Property Group LLC has contracted to buy from the Spitzer family about 45 acres that extend over parts of Northfield Township and Macedonia ...

November 19, 2001 Lend Lease to buy Kansas City, Mo., office towerThe Business Journal of Kansas City (Mo.)KANSAS CITY, Mo. – Lend Lease Corp. Ltd. has contracted to buy City Center Square, one of the largest office buildings in downtown. ...

November 16, 2001 Billy Graham HQ to move to NC from MinneapolisMinneapolis Star TribuneMINNEAPOLIS – The Billy Graham Evangelistic Association plans to move its worldwide headquarters from Minneapolis to the Rev. Billy Graham's hometown of Charlotte, N.C., in the next ...

November 14, 2001 Harrods in Chicago? Daley gives it a shotChicago Sun-Times CHICAGO – Mayor Daley is trying to convince billionaire businessman Mohamed Al Fayed, owner of Harrods of London, to set up shop in Chicago. Al Fayed and his ...

November 13, 2001 Hard Rock hotel project in Chicago gets financingChicago TribuneCHICAGO – Hard Rock Cafe International Inc. and Chicago-based developer Mark IV Group have secured financing for an $86 million conversion of the landmark Carbide and Carbon Building on ...

November 9, 2001 JC Penney to close Blue Ridge Mall storeThe Kansas City (Mo.) StarBLUE RIDGE, Mo. – J.C. Penney Co. Inc. plans to close its Blue Ridge Mall store in January, leaving it with only two department stores in ...

November 8, 2001 Financing proves elusive for hotel-office developerThe Plain Dealer (Cleveland)CLEVELAND – Developer Bruce Felder, who has been unable to secure financing for the $136 million downtown hotel and office project he announced three years ago, now says he ...

November 7, 2001 Industry news: Developer plans condo conversion for Chicago hotelThe Chicago Tribune CHICAGO – M Development LLC, which earlier this year made an unsuccessful bid to convert a riverfront building into a hotel, has acquired the Ambassador West, ...