CHICAGO—The Florida-based buyer is quite bullish on the Chicago region, and has now made seven buys or investments in just 18 months.

BERKELEY HEIGHTS, NJ—Boston-based Tocci Building Companies has broken ground on a $39.5 million Embassy Suites Hotel strategically located within Connell Corporate Park in Berkeley Heights, NJ. The 187,000 square-foot development is an eight-story, 176-key hotel. The property is owned by Connell Hospitality, LLC, and will be operated by Davidson Hotels & Resorts.

PHILADELPHIA, PA – HFF closed the sale of and arranged joint venture equity and acquisition financing for Riverwalk at Millennium, a 375-unit class A multi-housing community in Conshohocken, PA. HFF arranged the joint venture that acquired the property.

CHARLOTTESVILLE, VA—REITs have raised $3.54 billion more year-to-date than they did during the same period in 2014, SNL Financial reports.