CHICAGO-A five-year, floating-rate loan from Landesbank Hessen Thuringen (Helaba) Bank and Anglo-Irish Bank PLC replaces the construction loan for the one-million-sf, 51-story building. GMAC Commercial Mortgage Corp. arranges the new debt two years after doing the construction deal.

CHICAGO-RDM Development & Investment LLC pays $4.2 million for a 1.2-acre site at Kinzie Street and Des Plaines Avenue, where it will build seven-story buildings as well as a 22-story tower with 10,000 sf of retail space.

CHICAGO-RDM Development & Investment LLC pays $4.2 million for a 1.2-acre site at Kinzie Street and Des Plaines Avenue, where it will build seven-story buildings as well as a 22-story tower with 10,000 sf of retail space.

HOFFMAN ESTATES, IL-Woodland Hills, CA-based Younan Properties Inc. pays $16.5 million for the two buildings at 5401 and 5407 Trillium Blvd. in the Prairie Stone Business Park.

HOFFMAN ESTATES, IL-Woodland Hills, CA-based Younan Properties Inc. pays $16.5 million for the two buildings at 5401 and 5407 Trillium Blvd. in the Prairie Stone Business Park.

NAPERVILLE, IL-Indianapolis-based Kite Realty Group Trust pays $9.5 for 21.6 acres on Route 59, which includes a partially-built Super K-Mart. It plans a 170,000-sf center anchored by Marsh Supermarket, which is expected to cost $30 million.

CHICAGO-Today's low capitalization rates could be here for a while, says Equity Office Properties Trust and Equity Residential boss Sam Zell, but the Brookings Institute's Tony Downs says now is a good time to sell property.

BELLAIRE, MI-San Diego-based Douglas Wilson Cos. is operating the 4,500-acre Shanty Creek-Schuss Mountain "destination property" here following the former operators' default on a $20-million mortgage.