Breakfast Briefing // Chicago

Retail store boom expected More than 6 million square feet of new andexpanded shopping space is expected to be added in the Chicago areathis year, nearly double the amount added in 1997. Grocery stores,multiplex movie theaters and home improvement centers are in theworks, according to Mid-America Real Estate Group, Oak Brook. Inaddition to Dominick's Finer Foods and Jewel/Osco announcing newstores, Michigan-based Meijer Super Centers plans to tap the area forexpansion of its food and general merchandise stores.Tesar-Reynes adds unit Tesar-Reynes Inc., a Chicago-based executivesearch firm, has created TR Consultants to provide senior-leveladvertising, marketing and communications consultants to businessesnationwide.SEC boss: CBOE board falls short Securities and Exchange CommissionChairman Arthur Levitt spoke at the Chicago Board Options Exchange,saying public representatives should make up at least half themembers on boards governing U.S. exchanges to make sure the interestsof market participants are protected. He said the CBOE is the onlyexchange that isn't near his goal. The CBOE's 21-person boardincludes 15 representatives from members of the exchange, twoexchange executives and four nonmembers.Bank trade groups may merge The Illinois Bankers Association and theIllinois League of Financial Institutions said they are considering amerger. Supporters said it would allow members to take advantage ofexpanded educational programs, stronger government relations effortsand more insurance products.ANTEC plans sale of notes ANTEC Corp. of Rolling Meadows said it isproposing to offer $100 million of convertible subordinated notes duein 2003. The notes would be convertible into common stock of thecompany at the option of the holder. ANTEC said the proceeds wouldbe used to pay off debt.Ives working on share offering Ives Packaging Corp. of Lincolnshiresaid it will register to sell 500,000 shares of its common stock and4.5 million shares owned by some of its shareholders. The companysaid it would use the money from the sale to pay off debt.PrimeCo expands ads with Cubs Itasca-based PrimeCo PersonalCommunications said it signed a new sponsorship agreement with theChicago Cubs that increases its presence at Wrigley Field. Thewireless phone company said there will be twice as many signs andabout five times as many ads flashed on the marquee, in addition toother ads and contests.Tenneco kicks off new campaign Lake Forest-based Tenneco Automotivehas launched a $4 million advertising campaign for Monroe shockabsorbers and struts. The television campaign, which began lastweek, is Tenneco's biggest consumer ad buy ever.Rockwell in deal with Koning Rockwell Electronic Commerce said itsigned a product and service distribution agreement with Koning enHartman BV, the telecom division of the Getronics Group, one ofEurope's largest information and communications technology companies.Wrigley reports 1st-quarter gains Wm. Wrigley Jr. Co. says itsfirst-quarter profit rose to $76.1 million, or 66 cents a share, from$62.8 million, or 54 cents. Revenue rose to $469.3 million from$447.6 million.