LOS ANGELES—The firm's second fund in two years will finance sub-institutional and value-add acquisition opportunities, both joint venture and direct, in the Midwest and West markets.

CHICAGO—JLL saw healthy growth across the globe, but the revenue performance by its LaSalle Investment Management segment and the company's overall revenue from the Americas contributed the most to this record quarter.

CHEVY CHASE, MD—New York City-based Clarion Partners spent a considerable amount of cash, but very little time on the renovation of its Embassy Suites Chevy Chase hotel.

MINNEAPOLIS—In this <B>UPDATE</B>, Opus officials say they are ahead of schedule in leasing up the first new luxury rental tower constructed in this city's downtown in decades.