ROLLING MEADOWS, IL-The Oak Brook, IL-based REIT buys the 252,000-sf 1600 Golf Road here at an initial 11% capitalization rate. It is Great Lakes' fourth acquisition in the Schaumburg submarket, and the second since last summer.

PFLUGERVILLE, TX-An Austin bedroom community will be getting its first major retail development. Las Vegas-based American City Neighborhood Development has just bought 38 acres for its 377,000-sf proposal

SAN DIEGO-A partnership has sold a three-story, 41,902-sf office building in Mission Valley, located at 2515 Camino del Rio South, for nearly $4 million in cash.

LOS ANGELES-Developer JMB Realty Corp. begins long-awaited Westside project after signing $500-million lease with entertainment conglomerate MGM. Brokers tell GlobeSt.com another big lease deal is in the works that could guarantee more than 80% of 34-story tower will be rented when in opens in 2003.