DETROIT-Marygrove College has received a $1.8 million grant from the federal government to completely renovate the third floor of its Liberal Arts Building.

PHILADELPHIA-Berwind closed out its second and third real estate funds, totaling $66 million and $110 million, respectively, in equity commitments. It's currently investing in Fund VI, a $384-million equity fund.

ORLANDO-With average first-half occupancy at the 71.9% level and average daily room rates at $71.69, investors and lenders remain cautious, even though the first-quarter total visitors count was up .2% to 20.1 million, according to a new market analysis by Marcus & Millichap.

MINNEAPOLIS-The Twin Cities average vacancy rose to 7% last quarter up from 5.2% a year ago, according to new report from locally based GVA Marquette Advisors.