CHICAGO-At a foreclosure auction held on Tuesday, First American Bank's affiliate purchased a 33,700-square-foot vacant property at 1000 S. Michigan Ave., with a bid of $11.3 million.

BALTIMORE-MICA PLACE, a Catholic school situated in East Baltimore, will become home to graduate-level art students who will be working together with residents of the area to find art-based solutions for urban problems.

SANTA ANA, CA-Grubb & Ellis Healthcare REIT II Inc. has secured a $25 million revolving credit from Bank of America, NA.

DENHAM, ENGLAND-The Barclays brothers, David and Frederick Barclay, have sold off their 10% stake in the InterContinental Hotel Group.

LONDON-The 2012 Olympics is expected to change the lives and the living standards of East London.

NEW YORK CITY-A two-year extension for the $263-million construction loan, has been granted to the developers of 75 Wall St.

NEW YORK CITY-The union of hotel workers UNITE HERE and garment workers affiliated to Service Employees International Union have signed an agreement to put an end to their dispute.

NEW YORK CITY-Meredith Corp., a Des Moines-based media firm, is all set to sign a lease for 200,000 square feet at 205 E. 42nd St.