HUNTINGDON VALLEY, PA—First NAI Mertz sold the parcel of land to the First Baptist Church of Huntingdon Valley for a future church expansion. When those plans fell through, Mertz helped the church resell the land to Artis Senior Living, which plans to develop a 72-bed memory care assisted living residence on the site.

NEW YORK CITY—“A lot of sponsors thought they would sell their assets and create liquidity for their investor base in 2013 or 2014,” Madison International Realty's Ronald Dickerman tells GlobeSt.com.

ROCKVILLE, MD—Montgomery County Executive Ike Leggett announced last week that he would introduce legislation to privatize and consolidate the county's economic development and business promotion functions into a new private 501-C-3 non-profit entity.

AUSTIN—Austin is an attractive city in which to invest. But, for institutional investors, that hasn't always been the case.