CLEVELAND—Devonshire REIT now has a foothold in Beachwood, an upscale suburb with a vibrant office market.

KANSAS CITY—In this <B>UPDATE</B>, BIG USA's Stanley McElroy tells GlobeSt.com why the firm has decided to jump into Midwest markets.

CHICAGO—Tucker is developing Hudson Lights, a one-million-square-foot, mixed-use redevelopment in Fort Lee, NJ, but is looking to expand its footprint in New York and Chicago.

CHICAGO—Continued corporate restructuring and a move towards a more efficient workplace are going to lead to a large supply of big block opportunities for suburban tenants, according to quarterly research by Savills Studley.

CHICAGO—The new owner has launched a building renovation plan, and says the tower is now 88% leased.

MINNEAPOLIS—This is the third major property in the Twin Cities area recently bought by a KBS-affiliated company.

CHICAGO—A new study by REAL finds that distressed properties in Chicago neighborhoods impact home prices, but the researchers also see foreclosures returning to pre-recession levels by this fall.

FARMINGTON HILLS, MI—Company officials also said that in the first half of 2014 it raised approximately $50 million in net cash proceeds by issuing 3.1 million common shares through its at-the-market equity program.