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RUTHERFORD, NJ—Onyx Equities has sold The Meadows office property at 201 and 301 Route 17 North, Rutherford, NJ, to Meadows Landmark, a Delaware limited liability company. Terms of the sale were not disclosed.
NEW YORK CITY—With more rooms under construction than any other market by far, the ratings agency's hometown is among those it's watching for potential oversupply. Fitch has flagged multifamily for similar concerns.
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.
DALLAS—Nearly one year after the repositioning-ownership of a Henry S. Miller Realty Management portfolio, realtor Ron Taylor has partnered with Carole McNeil to form a new company: TriVest McNeil Real Estate.
PHOENIX—A just-closed land purchase is making way for View 32, a Watt Communities of Arizona project that brings the already active local residential builder into the Arizona rental apartment market.