ALGONQUIN, IL-Investors pay a combined $8.9 million for ConocoPhillips gasoline stations and convenience stores in this suburb as well as Batavia further south. The capitalization rates are 8.75% for the Algonquin location and 9% for the Batavia property.

CHICAGO-The pension fund affiliate of New York Life Investment Management pays a reported $63 million for the 26-story office building at Madison and Franklin streets, $16 million more than its 2000 sales price.

CHICAGO-The $113-million redevelopment project at the northwest corner of Broadway Street and Montrose Avenue will bring a Target store and 12-screen theater, along with two controversial multifamily towers.

CHICAGO-Jackson, MS-based Parkway Properties, Inc. becomes sole owner again of 233 N. Michigan Ave. when it buys back Investcorp International, Inc.'s 70% stake, which cost the New York-based firm $125 million two years ago.

BLOOMINGDALE, IL-At $275 per sf, sales at Stratford Square Mall are mediocre, says Larry Feldman, whose Feldman Mall Properties paid $93.1 million for the 500,000 sf of non-anchor space.

CHICAGO-The law firm has nearly 200,000 sf on the 71st through 75th floors and has been a tenant at the tallest building in the Western Hemisphere since it opened in 1974. The deal is the first lease signed by new ownership, 233 S. Wacker LLC.

BLOOMINGDALE, IL-The Great Neck, NY-based retail reposition specialists plan about $20 million in capital improvements and stepped-up marketing to improve occupancy as well as sales, which were $275 per sf in 2003.

CHICAGO-Behringer Harvard Funds pays $51.8 million for the 368,000-sf 250 W. Pratt building near Baltimore's Inner Harbor while the REIT gets $33.8 million for the 303,000-sf Bank of America Plaza in Columbia, SC.