BOCA RATON, FL-A subsidiary of DRA Adivsors has acquired Polo Club Shoppes, a 127,000-square-foot retail property in Boca Raton, for $28.5 million.

OAK PARK, IL-Whiteco Residential LLC has sold Oak Park Place, a 14-story apartment complex comprising 204 units at 479 N. Harlem Avenue, for $63 million or $309,000 per unit.

CHICAGO-Sterling Bay Cos. has closed the acquisition of a two-story Art Deco building spanning 56,000 square feet at 1040 W. Randolph Street for a price of roughly $4.7 million.

CHICAGO-According to sources, Jones Lang LaSalle has been hired to market a 31-story office tower situated at 225 W. Wacker Drive, which was acquired by J. P. Morgan Chase & Co. in 2003 for $153 million.

DALLAS-Developer Mike Sarimsakci revealed the plan for 500 S. Ervay, which will include 250 residential units, a hotel and 21,000 square feet of retail space.

CHICAGO-Bank Hapoalim has granted a $75 million loan to Red Sea Group's subsidiary, Server Farm Realty Inc., to redevelop an eight-story office structure situated at 840 S. Canal Street as a data center.

KANSAS CITY, MO-Landwhite Developers LLC has received a $20.5 million loan to redevelop an eight-story iconic building located at 323 W. Eighth Street in downtown Kansas City into a $25.9 million loft-style apartment complex comprising 130 units.

BALTIMORE-David S. Brown Enterprises Ltd. has placed a six-property retail portfolio totaling 20,000 square feet in downtown Baltimore on the market for sale.