MINNEAPOLIS—The third annual Affordable Housing Summit kicks off here today, and planners say such gatherings are essential to understanding the complex financing deals needed to launch projects.

CINCINNATI—The Irvine, CA-based investment group has closed 11 Phillips Edison properties in the last 8 months.

DETROIT—The company will implement a capital expenditures program at all three locations and improve their general quality.

CHICAGO—Although the premier spaces in many markets still have some room for more rent growth, the costs has also pushed a growing segment of tenants into class B buildings outside of traditional CBDs.

CHICAGO—South Street Capital , a Chicago based, privately controlled real estate investment firm, has decided to expand the scope of its acquisition strategy into several Midwest states and core areas on the West Coast.

CHICAGO—The new owners have chosen the Telos Group and CBRE to reposition the city's iconic skyscraper.

CHICAGO—Demand for trophy buildings remains high but tightening fundamentals could draw attention to other asset classes, according to JLL's 2015 Digital Skyline.

DAYTON, OH—The new owner plans to renovate the buildings' common areas and offer generous tenant improvement allowances.