CHICAGO-Prime Group Realty Trust reduces the interest rate on its mezzanine loan on Dearborn Center, now known as Bank One Corporate Center, from 23% to 15%. It also buys out its joint venture partner in the $355-million development at 131 S. Dearborn St.

ORLANDO-In a struggling industrial real estate environment, Rebman Properties Inc. of Maitland, FL and Trammell Crow Co.'s Orlando office have closed the largest bulk warehouse deal of the year in Central Florida with locally based SDE Logistics Inc.

KAHULUI, MAUI-Alexander & Baldwin's Inc.'s A&B Properties subsidiary collects $9.2 million for a seven-acre property here, located across from a 20-acre shopping center. The buyer plans to redevelop the property.

WOODHAVEN, MI-The automaker has received rezoning permission from the city for land next to the Woodhaven Stamping Plant. The city wants more multifamily/seniors residential housing; Ford's not making any promises.