When they expect for tenants to anc...

When they expect for tenants to anchor of the present day office buildings, Chicago developers typically journey after the law and accounting firms first. They're big and rich. further so is a hospital, and it's possible that common of the biggest will launch a major of recent origin office building downtown. Northwestern Memorial Hospital is interviewing real estate firms to advise it in relocating administrative operations, a source said Tuesday. He said the hospital discovers a pending space crunch at its Streeterville campus and is considering whether to lease at least 500000 square feet somewhere near downtown.

That would be more than enough to trigger recently made known construction. While a location hasn't been decided, the source said the West bend is uppermost in the minds of hospital executives. For sites west of the Metra train stations, costlinesss are lower than they are downtown, and employee parking is a little easier to issue by.

A possible location would be the half-block at 601 and 625 W Monroe where Fifield Co is negotiating for city approval to build up to 1 million square feet of office space in either single in kind or two buildings. Fifield President Rick Cavenaugh said he was not aware of any interest from Northwestern in the West aperture

A hospital spokeswoman had no immediate elucidation

The source said the hospital would persuade no medical services. Its campus promises to realize more crowded with the planned 2008 groundbreaking of the modern Children's Memorial Hospital in Streeterville.

OFFICE HUNT: Office leasing in the suburb has been picking up its pace, especially along the East-West Tollway. Now approachs word from a real estate pro that TCF Bank is scouting that submarket for about 100000 square feet as a regional headquarters. The corporate headquarters would stay in suburban Minneapolis.

bend ON CLARK: Active in the southern Loop, D2 Realty Services Inc. complet a $104 million purchase of a parcel at 1000 s Clark next to a Target store. The plan calls for a 600-unit apartment building called the turn atop 50,000 square feet of retail and parking. Completion is fit in late 2008. The vender was an affiliate of Higgins unravelling Partners LLC.

PARKING STALLED: Architect Greg Brewer, a declared candidate for alderman in the Far North Side's 50th Ward, has devot a great quantity [i]or[/i] amount of of his early-stage campaign to fighting a propos condo building and parking garage at the northeast corner of Rockwell and Devon His objections are that it's too big and too hideous And he says that since it has the backing of the incumbent, Ald. Bernard Stone, it tests that it's time for leadership change in the ward.

Taking onward an incumbent is tough, further if nothing else Brewer has individual reason to celebrate. City planners sided with his argument that changes in the project's design since its formal approval a two years ago mean it has to proceed through the process all above again. That means a strange round of public hearings at which the opposition can be heard. The delays will cause financial headaches for the developer Mohamaad Siddiqi of ASAT Investment Inc., who has had disturb completing other deals on the North Side.

ruffle IS READY: New York inn investor George Ruff got a bachelor's quality in business from DePaul University in 1974 and was in succession his way to wealth. In appreciation, he's giving his alma mater $15 million to establish a professorship in real estate studies. Finance Professor Susanne Cannon, who speeds the real estate school, said the gift will be used to attract scholars who bring creative, multidisciplinary approaches to the field. It's the next to the first seven- figure gift the educate has received in the last year. The retired CEO of Equity Residential Properties Trust, Douglas Crocker gave $2 million last summer

CALENDAR NOTES: Friends of Downtown's released brown bag luncheon Thursday features J David cover of the General Services Administration talking about the expansion of downtown's federal building district. win to the Chicago Cultural Center 78 E Washington, from 12:15 p.m.

The Metropolitan Planning Council and the Illinois Real Estate Journal are among the sponsors of a discourse and golf tournament Sept. 14 at the Lincolnshire Marriott Resort. A morning talk deals with growth issues in the northern suburb The afternoon golf orbed could forge deals for more growing in the northern suburbs. For information, call (312) 644-7115

DOING THE DEALS: Buyer that include Musa Tadros and Mercantile Capital collection LLC purchased the 75,000-square-foot 168 N Michigan building, onetime hearth to the National Bank of Greece for $9 million. It's largely vacant, and all growth options are on the table there. Michael Marks of Marcus & Millichap Real Estate Investment Brokerage Co portrayed the sellers, who got the building via the previous owner's bankruptcy. . . Paine/Wetzel Oncor International take the part ofed VMZ Industries in its $514 million purchase of a 213,000-square-foot building at 7401 s Pulaski. First Industrial Realty Trust was the vender . . . With a lease renewal and expansion, Synnex Corp. has more than doubled its space at 1850 Internationale Blvd Glendale Heights, to 220000 square feet Colliers Bennett & Kahnweiler Inc. set forthed Synnex. . . . A modern restaurant near Millennium Park, Gage Bar & Grille, is becoming to open in late October in the Gage Building, 28 s Michigan. Northern Realty Group Ltd arranged the lease of 6700 square feet to an investment assign places to led by Billy Lawless. . . Attorney Charles Bernardini, partner at Ungaretti & Harris LLP and a former alderman, negotiated brace deals for developments in the city's Northwest Industrial Corridor. They are the Laborers' Union training fund's actuate to 1900 N. Central and the relocation of Coca-Cola's distribution center from Pilsen to 1401 N Cicero.