Midwest

The New York City-based global investment firm says it will begin operating as a corporation effective July 1. The firm also reported its first quarter financial results that indicated Blackstone's assets under management now exceeds $512 billion, up 14% year over year.

Summit reports that the six hotels traded will produce a net gain of $36.6 million. The six hotels in the markets of Minneapolis-St. Paul, Boston, Santa Barbara (CA), Dallas and Salt Lake City totaled 815 rooms.

InvestReal enables investors and developers to connect, research locations and validate projects in one place.

The Treasury Department clarified that leasing can meet the act of conduct requirement of a business.

Scott Brandwein, left, and Jake Ehrenberg are taking senior roles in JLL's tenant representation group.

The acquisition expands POAH's footprint in Chicago into three new communities plus the suburb of Harvey and brings to nearly 1,500 the number of apartments the nonprofit has developed or purchased here since 2008.