MONTVALE, NJ—Memorial Sloan Kettering Cancer Center will invest more than $100 million into a 17-acre property it just acquired in Montvale, NJ to build its third outpatient center, Crain's New York Business reports.

CHICAGO—The trust acquired four more centers in the second quarter that cost $174.9 million and encompass about 846,000 square feet of commercial retail space in five states.

ST. LOUIS—The team behind Cassidy Turley launched Selequity, an online platform for accredited investors, earlier this year, and has completed its first funding test and formed an alliance with a St. Louis lender.

CHICAGO—Real estate veteran Alex Berman says he is a bit contrarian, and while many developers focus on urban projects, he is willing to bet on suburban properties that did not fulfill their potential due to the recession.