Northeast

The appointment will allow Steve Quick to completely focus on the global platform and initiatives.

The portfolio, which also contains a Northern Virginia sub-portfolio, is the largest multifamily transaction in Philadelphia to date, according to Morgan Properties.

An entity of BRT Apartments in which the firm has a 65% interest, has purchased the 312-unit Vive at Kellswater community for $48.1 million, including $33.4 million of mortgage debt assumed in connection with the acquisition.

The two companies together will have approximately $475 billion of assets under management.

The underlying fundamentals of the real estate market remain healthy, according to a DWS report,

The reasons: institutional demand for commercial real estate is much stronger than in the past and there is a growing acceptance of using as less leverage to finance deals.

Holman Automotive is transitioning its Audi dealership operations from its Willow Grove location to the new Audi Fort Washington facility.

Gino Sabatini of W. P. Carey gives a glimpse into his panel session at GlobeSt.com's upcoming Net Lease Conference.