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Visiting another Ghost Town, Tianducheng, Mini Paris in China (VIDEO)
Zaha Hadid’s Galaxy Soho Project in Beijing Slammed by City's Cultural Heritage Protection Center
Yahoo Relocating Local San Francisco Team to Chronicle Building
EDITOR'S PICKS
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Developers Apologize After Accidentially Demolishing House Where AC/DC Got Together
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US Housing Affordability Unlikely To Improve Until Prices Fall 40%, Wages Increase 70%: Expert
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Meghan Markle And Prince Harry's Montecito Mansion Now Valued At $29M
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US Housing Supply Hit Four-Year High - But Only Because Homes Are Failing To Find Buyers
Cousins Properties Inc, a major Real Estate Investment Trust based in Atlanta has agreed to purchase a large portfolio of office properties in Texas for around$1.1 billion in an effort to expand its business. The portfolio includes 5.3 million square feet of commercial office space, according to several media reports. Brookfield Asset Management Raises $4.4 Billion for Real estate Fund Surpassing Target
Brookfield Asset Management Inc, the Canadian asset managing firm, has reportedly raise $4.4 billion for its global real estate fund. The amount is one of the largest raised since the financial crisis and has surpassed the $3.5 billion target, the company actually affixed, according to several media reports. UPDATE: Sheraton Huzhou Hot Spring Resort to Open in August (VIDEO)
The Sheraton Huzhou Hot Spring Resort is officially opening its doors in August 2013. The famous "horseshoe shaped" hotel, The Sheraton Huzhou Hot Spring Resort, first grabbed headlines sometime back in February for being one of the most elaborate hotels of the Sheraton Hotels and Resorts brand. The Versace Mansion, Casa Casuarina, to be Auctioned in September
The famous Casa Casuarina that once belonged to late fashion mogul and founder of couture brand 'Versace', Gianni Versace, will reportedly be auctioned off on September 10, 2013. Witnessing Flying Porches at the Goodwood Festival of Speed (VIDEO)
An amazing streamlined structure that features three Porsche 911s, shooting up like rockets in the sky has been created by architect, Gerry Judah. The installation was made to pay a tribute to the golden jubilee of the Porsche 911. This sculpture is the highest structure ever been made for the festival and is the first Porsche centrepiece in over ten years. Samsung Building New Headquarters at Silicon Valley (PHOTOS)
Tech Giant Samsung is all set to break ground on the construction of its brand new headquarters in Silicon Valley, California making it the latest addition to the growing tech hub. It will now be joining some of its rivals like Apple, Google and Facebook, who have already started building head offices in the area. BlackRock Selling Seattle Office Buildings Worth $70 Million
BlackRock Inc, a renowned asset management firm is selling away two of its major downtown Seattle office properties to a unit of Morgan Stanley for about $70 million. US Office Property Market Growth Slow; Vacancy Rate Stagnant
U.S. property market growth remained sluggish in the second quarter of 2013 with rents climbing little and vacancy rates remaining stagnant. The slow growth is attributed to the lack of improvement in the government employment sector of the country, according to several media reports. Demolition Plans of London’s Earls Court Exhibition Centre Approved
Boris Johnson, the mayor of London approved plans of demolishing the historic Earls Court Exhibition Centre amid some opposition from the public. The site will be demolished to make way for a 77 acre residential and commercial estate which is expected to boost London’s economy. Vacancies in the US Retail Sector Lowest in 4 Years
Vacancies in the retail sector of the U.S. fell to its lowest in four years in the wake of a rebounding economy and commercial property market. Average vacancy rates fell to 10.5 percent, the lowest in more than the past three years, according to The Wall Street Journal.
