Northeast

Located at 1901 South Ocean Blvd., the project will be located on the land currently occupied by the Wright by the Sea Hotel. The hotel will be demolished at the end of April and construction will begin on Ocean Delray immediately thereafter.

Icon Realty Management received the loan from Madison Realty Capital.

The developers received a $39.5 million constructive loan to build a 10-story office building at 76 Eighth Ave.

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,