SCHAUMBURG, IL-The company takes a floor in the American Landmark Properties' building at 1002 Algonquin Rd. Meanwhile, Market Day Corp. also strikes a leaner deal at 555 Pierce Dr. in Itasca.

MOUNT PROSPECT, IL-Franklin Partners/JDI Realty books a $9-million gain on 1800 Central Ave., which it recently sold to Golub & Co. and Wilton, CT-based Commonfund Realty Inc. for $44 per sf.

CHICAGO-Commercial real estate investors may be "separating the wheat from the chaff," according to Real Estate Research Corp., but their expectations now are lower than they were before Sept. 11, 2001.

CHICAGO-Senior Lifestyles hopes to begin construction this fall of the 126-unit, $18-million Residence at Midway Village senior citizens' multifamily rental building at 67th Street and Cicero Avenue.

CHICAGO-Bell Food Works, LLC will pay the city the appraised value of $260,000 for a 17,480-sf site at Laramie Avenue and Madison Street for its $1.9-million Long John Silver and A&W Root Beer operation.

FOX RIVER GROVE, IL-Flint Creek Partners LLC has brokered the $5.25-million sale of 61 hotel leases from Innkeepers Hospitality to Innkeepers USA Trust.

CHICAGO-Stateway Associates' mixed-income residential project will get $50 million in tax increment financing, while the city is giving Brinshore/Michaels land to build the 110-unit, $23.8-million first phase of its multifamily rental project.

CHICAGO-Nearly $15 million in tax increment financing could be used to redevelop the Edgewater Medical Center, which sits vacant on an 8.6-acre site on the 5700 block of North Ashland Avenue.