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WOODBRIDGE, NJ — Onyx Equities' strong growth continued during the first half of 2015 as the company says that it closed 73 leases during the first two quarters for nearly 500,000 square feet. This represents about a 25 percent increase in absorption over last year's first-half leasing total of 400,000 square feet.
CRANFORD AND METUCHEN, NJ—Woodmont Properties has hit on a successful formula for its transit-oriented developments. Its Woodmont Station in Cranford, opened earlier this year, has completely leased out, just as the firm has just broken ground for a similar community, Woodmont Metro at Metuchen Station.
PHOENIX—The firm recruited 11 veteran brokers and a marketing staff to join its team who will work out of the firm's new office at 2555 East Camelback Rd.
WASHINGTON, DC—The sale is a new twist to a deal announced earlier this year in which UDR acquired six multifamily properties as part of Lone Star's acquisition of Home Properties.
CHICAGO—With everything in the retail world moving in the right direction, including rental rates, leasing, development and acquisitions, this year's deal making conference in Chicago seems to have more energy.
BOSTON—In the ever escalating war of words and legal documents between Las Vegas-based developer Steve Wynn and Boston government officials, Wynn has filed suit charging libel against an unnamed opponent of his planned $1.7-billion Everett, MA casino.
WASHINGTON, DC—How will a generation of workers who have only known a low-interest-rate environment respond when rates begin rising? It's a consideration that the <i>Emerging Trends</i> report recommends keeping on radar screens.