CHICAGO-Jack Cohen, chief executive officer of his own finance company, shares his concerns with aging borrowers and an uptick in delinquencies and defaults with the Real Estate Investment Association.

MUNDELEIN, IL-Venture One Acquisitions, LLC pays $1.8 million for 750 Town Line Rd., occupied since its 1974 construction by medical supply giant Baxter International Inc. Besides location and tenancy, building condition is a plus.

CHICAGO-Anthony Loukas pays $2.2 million for 3922 N. Sheridan Rd. He is said to be planning a mixed-use development for the 15,170-sf site, which now has an 8,000-sf Supermercado Cardenas grocery store three blocks from Wrigley Field.

CHICAGO-The Westpointe Apartments, Ridge Pointe Crossing and Ridge Pointe Crossing West multifamily rental complexes in St. Louis are refinanced with a $56.6-million mortgage in the low 7% range, while $40 million in loans are obtained for four senior housing communities.

CHICAGO-The city hopes to reach a memorandum of intent with a master developer in July for the 2.8-acre site now dubbed 108 N. State St. Jones Lang LaSalle and Tishman-Speyer are among those taking a pass on the project.

CHICAGO-Ashton Partners takes 10,295 sf at 33 N. LaSalle St. in a sublease deal with Cypress Communications that involves new furniture thrown in, moving west from 307 N. Michigan.

CHICAGO-The Internal Revenue Service adopts Tax Strategies Group, LLC's procedure for selling fractional interests in commercial real estate properties involved in 1031 exchanges as a "safe harbor" for other companies to follow.

WAUKEGAN, IL-The city about 40 miles north of Chicago starts acting on Urban Land Institute advisory panel recommendations, passing a one-cent sales tax to help pay for Downtown and lakefront redevelopment.