FRANKFURT—The merger of Deutsche Wohnen and LEG Immobilien, which comes amid increasing consolidation in Germany's commercial property sector, would create a portfolio valued at approximately US$19.2 billion.

WASHINGTON, DC—Construction will begin next year on a $55-millon joint venture project that when completed will serve as the practice facility for the NBA's Washington Wizards, home court for the WNBA's Washington Mystics, as well as an entertainment venue in the District.

WASHINGTON, DC—As usual there is a measure in Congress to change carried interest but in addition, pension funds are starting to report carried interest fees and the IRS is taking aim at it as well.

SAN ANTONIO--Weston Urban and KDC have announced the selection of architecture firm Pelli Clarke Pelli to lead the design of the Frost Tower, Frost Bank's new headquarters and San Antonio's first downtown office tower in three decades.