New Landmarks Illinois chief to push a broad vision

(Crain's) — Bonnie McDonald says historic structures can have a sweeping community influence — a vision usually not shared by developers. "When you apply it as a tool, you can make an…

Equity Residential to be shut out of Archstone

(Reuters) — Lehman Brothers Holdings Inc., one of three owners of Archstone, has reached a deal to buy the last portion of the apartment company it does not own for $1.58 billion, sources with…

Panel to take up controversial Wrigleyville apartment plan

(Crain's) — The local alderman supports the project, which some neighbors say would be too big and include too many units. 

In brief

New lease, renewal at 330 N. Wabash

(Crain's) — Also, local hotel executive Laurence Geller thinks the NATO summit was worth hosting, and Marquette Management is tapped to manage a suburban apartment complex. 

Residential briefs

Price cut to $7.9 million in Pinnacle listing

(Crain's) — Also, a Glencoe home is listed for $2.33 million and more than 40 percent of local homes with loans are "under water," a report says. 

Investor buys 39 units in River North condo tower

(Crain's) — The buyer plans rentals for now while the sale marks an exit for developer Gammonley Group, which made the bulk deal amid slow sales. 

Bakeware firm World Kitchen shifting HQ within Rosemont

(Crain's) — The company has leased 55,000 square feet at Columbia Centre III and plans to move in December. 

Investor to pay about $36 million for Lombard apartments

(Crain's) — The deal would be the second suburban rental purchase in several months for the same buyer and seller. 

Willis Tower co-owner faces suburban woes

(Crain's) — A venture of American Landmark Properties is in default on a Schaumburg office park, according to a loan report, and faces foreclosure on its Skokie HQ. 

Developer blasts bank as Donald Wilson files to foreclose

(Crain's) — Robert Kowalski alleges that Bridgeview Bank reneged on an agreement to extend the due date for debt on a Fulton Market property. The lender sold the loans.