HIGHLIGHTS FROM CRAIN'S CHICAGO BUSINESS APRIL 16 ISSUE

Apr 14, 2001, 01:00 ET from Crain's Chicago Business

    CHICAGO, April 14 /PRNewswire/ -- SUBURBS SEE SLUMP IN OFFICE MARKET --
 After last year's record leasing activity in the suburban Chicago market
 demand for space has slowed, reports Crain's Chicago Business.
     "We have been surprised at how aggressively corporations have moved to
 shed their excess office space," Jeffrey S. Barrett, a managing director at CB
 Richard Ellis Inc., told Crain's.
 
                          BOEING GETS FULL COURT PRESS
 
     State and city officials are putting final touches on a package of
 unprecedented financial incentives to lure Boeing Co. to relocate their
 headquarters to Chicago.
     Crain's Chicago Business reports the package is likely to feature a
 special new state tax break designed to attract multinational firms with
 annual revenues of more than $25 billion.  Boeing officials are expected to
 scout the area through Thursday.
 
                  CHICAGO AVE. POLICE STATION GOES RESIDENTIAL
 
     The city is putting on the market the site of the soon-to-be-vacated
 Chicago Avenue police station between Clark and Lake streets.  The location is
 suitable for a residential high-rise of perhaps 20 stories and could sell for
 $4 million or more, says Crain's Chicago Business.
 
     SEE CRAIN'S WEB SITE: CHICAGOBUSINESS.COM .
 
 

SOURCE Crain's Chicago Business
    CHICAGO, April 14 /PRNewswire/ -- SUBURBS SEE SLUMP IN OFFICE MARKET --
 After last year's record leasing activity in the suburban Chicago market
 demand for space has slowed, reports Crain's Chicago Business.
     "We have been surprised at how aggressively corporations have moved to
 shed their excess office space," Jeffrey S. Barrett, a managing director at CB
 Richard Ellis Inc., told Crain's.
 
                          BOEING GETS FULL COURT PRESS
 
     State and city officials are putting final touches on a package of
 unprecedented financial incentives to lure Boeing Co. to relocate their
 headquarters to Chicago.
     Crain's Chicago Business reports the package is likely to feature a
 special new state tax break designed to attract multinational firms with
 annual revenues of more than $25 billion.  Boeing officials are expected to
 scout the area through Thursday.
 
                  CHICAGO AVE. POLICE STATION GOES RESIDENTIAL
 
     The city is putting on the market the site of the soon-to-be-vacated
 Chicago Avenue police station between Clark and Lake streets.  The location is
 suitable for a residential high-rise of perhaps 20 stories and could sell for
 $4 million or more, says Crain's Chicago Business.
 
     SEE CRAIN'S WEB SITE: CHICAGOBUSINESS.COM .
 
 SOURCE  Crain's Chicago Business