CHICAGO-The Indianapolis-based REIT pays $131 per sf for the 95,600-sf office building at 1300 Higgins Rd. in Park Ridge and $32 per sf for a fully leased warehouse in Carol Stream Business Park.

ROSEMONT, IL-Wyomissing, PA-based Penn National Gaming tops the six other bidders by at least $131 million, but its novel offer includes selling the casino back to the state for $1 in exchange for 10% of net revenue.

CHICAGO-The building's West Loop location is among the reasons keeping the bank at the 29-story office tower, where the entrance and lobby have undergone renovations.

CHICAGO-The co-founder of Newport Partners replaces David Ball in the top spot at Oncor, a collection of privately owned commercial real estate companies in more than 200 markets.

CAROL STREAM, IL-Minneapolis-based Ryan Companies US Inc. finds a replacement for former tenant SFS Distribution at its building at 250 S. Gary Ave. Wickes Furniture had few other choices in a tightening Central DuPage County industrial market.

CHICAGO-After being a net seller to the tune of $534 million in 2003, when the largest US multifamily REIT sold $1.2 billion in assets, Equity Residential hopes to match its sales of older assets this year to acquisitions of newer properties.

CHICAGO-Partners Bruce D. Loring and James T. Mayer lead the move from real estate powerhouse Piper Marbury Rudnick Wolfe to the fast-growing Chicago office of Holland & Knight, which has quadrupled in size in four years.

CHICAGO-Harrington, Thompson, Acker & Harrington Ltd. remain at 310 S. Michigan Ave., renewing its lease for 11,011 sf, the entire 20th floor of the 30-story building.