CLIFTON, NJ-The deal, put on a fast-track by both the buyer and seller, closed in only 60 days. The terms of the sale of the 22-unit property were not disclosed.

AUSTIN-The prestigious Four Diamond award, presented annually by AAA, has been bestowed upon seven of the city's leading hotels. Two winners have made the list for 15 consecutive years, with just one in the All-Star lineup being a newcomer.

MIAMI-The proposal would authorize a statewide vote on a constitutional amendment to exempt from property taxes those Florida airports and seaports owned by municipal governments or special-taxing districts.

SAN FRANCISCO-Curtis Davies, a former Grubb & Ellis hospitality expert, has joined the San Francisco office for CB Richard Ellis, where he has assumed the role of first vice president and regional director.