CHICAGO-Kan Am Grund Kapitalanlagegesellschaft MbH reportedly gets approximately $220 million for the 867,821-sf office building, which would be $12 million more than the price it paid in 2004.

DENVER-Waterton Associates sells the 158-unit apartment high rise to Silverstone Communities for $23 million. The buyer, an affiliate of San Francisco-based Hearthstone, plans to turn it into condos.

NEW YORK CITY-David Arena leaves Jones Lang LaSalle to become president of Grubb & Ellis' New York region. The industry veteran was chief strategy officer at JLL.

BELLEVUE, WA-The 400,000-sf, 20-story office tower should be complete by the end of 2007 because site excavation was completed years ago by another developer whose project never panned out.