CHICAGO-The Magnificent Mile retail space trades for $1,225 per sf, and the seller gets $2 million more for the property than it paid for it five years ago. A Kate Spade store is the building's sole tenant.

DEERFIELD, IL-Sears Roebuck & Co.'s The Great Indoors will be a 135,000-sf anchor at the rebuilt south end of Deerbrook Mall, which also will get a new fagade and redeveloped outlots. A $5.5-million sales tax rebate from the village for Sears helps clinch the deal.

LAKE ZURICH, IL-A plan to redevelop this far northwest suburb's Downtown draws skepticism from property owners, who question whether using tax increment financing is appropriate or beneficial given developer interest.

WILMETTE, IL-A referendum asks voters whether this North Shore suburb's park district be allowed to spend up to $25 million to buy the 17-acre Mallinckrodt campus from Loyola University, which has solicited at least one development proposal.

AUBURN HILLS, MI-Grubb & Ellis' Southfield, MI office wins the assignment to sell the Simplified Employment Services building in the Oakland Technology Park. The price of the two-story building has been reduced to $7 million.

HIGHLAND PARK, IL-A complicated deal involving a ground lease and a scramble for new financing after one commitment is yanked after Sept. 11 closes, resulting in this North Shore suburb's tallest building changing hands.

CHICAGO-Plan commission members green-light a 490-unit redevelopment of four former Chicago Housing Authority high-rises with a mixture of for-sale and rental units, divvied up between public housing, affordable and market-rate rents or prices.

CHICAGO-Paramus, NJ-based office REIT Vornado Realty Trust moves to have a foreclosure auction "on or about Feb. 25," when it is expected to claim its one-third stake in Prime Group Realty Trust with former suitor Cadim inc.