CHICAGO-Yields are 6.972% on a $200-million tranche of 10-year notes and 7.867% on a $50-million trance of 30-year notes. The money ultimately will retire 7.15% notes and preferred stock paying 8.75%.

CHICAGO-The city writes down the cost of a nearly .25-acre site by $75,000, opening the door for the development arm of South Park Baptist Church to build a 16-story, 130-unit assisted living facility for senior citizens.

CHICAGO-Fast-growing international law firm Altheimer & Gray renews its lease for more than 7% of the space at 10 and 30 S. Wacker Dr., the Chicago Mercantile Exchange Building owned by a joint venture involving Equity Office Properties Trust.

CHICAGO-Three office properties undergo more than $14.4 million in rehabilitation aimed at preserving historical or architecturally significant buildings under the Class L property tax incentive. Work continues on at least two buildings.

CHICAGO-The tax-exempt bonds, at an initial interest rate of 2.5% that changes weekly, will allow CenterPoint Properties Trust to develop an 800,000-sf facility on O'Hare International Airport grounds that is 16% pre-leased.

CHICAGO-A team of veteran restaurateurs here and in New York will open a 10,000-sf Japanese restaurant in the 1.5-million-sf, $230-million office and technology center along the Chicago River. The deal is hoped to be a catalyst for additional retail leases.

WAUKEGAN, IL-Although he may never get a chance to develop a casino there, Mesirow Stein Real Estate, Inc. senior managing director Richard A. Stein compares this city's lakefront area to Chicago's Navy Pier about 20 years ago.

CHICAGO-Community Investment Corp., which runs a consortium of 50 lenders who provide a pool of loan money for acquisition and rehab of multifamily rental properties, hits the milestone with an $823,000 loan package on a West Side building.