Illinois State Board of Investment, Chicago, is searching for a manager to invest $60 million in real estate located in Illinois, said William Atwood, executive director of the $10.6 billion fund. The manager does not need to be based in Illinois, but the investments have to be made in the state, he added. Funding will come from fixed income; no terminations are planned. The board expects to select a manager in March. Real estate consultant Townsend is assisting.