CHICAGO-Magellan Development Group LLC, developer of the $4-billion Lakeshore East redevelopment, brings on AFL-CIO Building Investment Trust as an equity partner for the project's latest high-end rental tower. The group also lands a $120-million loan.

CHICAGO-Magellan Development Group LLC, developer of the $4-billion Lakeshore East redevelopment, brings on AFL-CIO Building Investment Trust as an equity partner for the project's latest high-end rental tower. The group also lands a $120-million loan.

CHICAGO-Building Owners and Manager Association of Chicago finds that in 2004 the city had the highest property taxes during the past 10 years, with an average of $6.98 in taxes per sf.

ST. ANN, MO-Somera Capital Management LLC, based in L.A., has acquired the 1.8-million-sf Northwest Plaza from Westfield Group. The property is expected to undergo a substantial renovation.

ST. ANN, MO-Somera Capital Management LLC, based in L.A., has acquired the 1.8-million-sf Northwest Plaza from Westfield Group. The property is expected to undergo a substantial renovation.

INDIANAPOLIS-LaSalle Hotel Properties locks in a $101.8-million loan, using the Indianapolis Marriott Downtown as collateral. Proceeds are used to pay off a previous mortgage.

INDIANAPOLIS-LaSalle Hotel Properties locks in a $101.8-million loan, using the Indianapolis Marriott Downtown as collateral. Proceeds are used to pay off a previous mortgage.

CHICAGO-The Toronto-based services firm is extending its commercial real estate reach with the purchase of a majority interest in the mortgage banking and loan provider. With the acquisition, FirstService also updates its 2007 guidance.