Chicago-bound.

Chicago-Bound: Los Angeles-based CB Richard Ellis Group Inc. agreed to pay $137 million for a 40-story office tower in Chicago from a joint venture that includes insurer MetLife Inc., Crain's Chicago Business reported, citing people familiar with the transaction. The price for the building with 800,000 square feet of space is more than $170 a square foot, Crain's said. The building on South LaSalle Street is 58 percent vacant, one of the highest vacancy rates in the downtown area. Selling prices have been hurt by a glut of new buildings with too few growing businesses to fill them. The building's previous largest tenant, the law firm Mayer Brown Rowe & Maw LLP, left last year, Crain's said.