CHICAGO-Hines has sold its 60-story 300 N. LaSalle building in the River North downtown submarket to this Newport Beach, CA-based REIT. The property sold for almost $504 per square foot, a city record.

HOUSTON-Grubb & Ellis says the local medical office market absorbed another 150,000 square feet in the second quarter, driving the tally to almost 360,000 square feet for the year.

TORONTO-Five new office buildings in the downtown have hurt occupancy, but the potential bottom of the market is spurring tenants to consider deals two-three years out.

AUSTIN, TX-The student housing owner and manager had a number of transactions in the second quarter, and, with positive revenue numbers, says it sees more acquisition opportunities.

DETROIT-The two local mall REITs both reported drops in FFO compared to last year, in their Q2 conference calls Wednesday. However, the trusts expect development to return.

INDIANAPOLIS-Now that former partners Inland American and the Lauth Property Group reached a property settlement, Jones Lang will market Meridian Corporate Plaza One and Two for lease.

MELBOURNE, AUSTRALIA-John White, who will lead a team of investment professionals here for Heitman, ranks Hong Kong high and Japan low on current strength.

CHICAGO-Pritzker has partnered with Greenbelt, MD-based Bozzuto Group to invest in multifamily development and acquisitions in the Mid-Atlantic and Northeast.