Saturday, 16 November 2024

Commercial

'New Plans for Manhattan's 80 South Street Revealed

A new building plan has been proposed at the site of 80 South Street in Manhattan, New York, where famous architect, Santiago Calatrava had proposed to build the “Sky Cube” in 2008. Though plans of the Sky cube were laid to rest due to credit crisis, Cord Meyer Development, owner of the site, has decided to build a “garden-skyscraper” which will be designed by a local design firm: Morali Architects.

'Tommy Lee Jones Puts $26.75 Million South Florida Polo Estate on the Market

One of last night Oscar contenders Tommy Lee Jones has put his polo estate up for sale for a whopping $26.75 million reported Zillow blog.Oscar Contender Tommy Lee Jones puts $26.75 Million South Florida Polo Estate on the Market

'Commercial Real Estate Market Recovering Slowly

The National Association of Realtors' Commercial Real Estate Outlook, NAR, reported today that the commercial real estate market is recovering slowly, according to AGBeat.

EDITOR'S PICKS

'New Regulation to Hit Number of Franchisee Stores in Indonesia

The Trade ministry of Indonesia has announced a new regulation limiting the number of stores or outlets a master food franchisee can hold in the country. The new regulation comes as an effort to avoid monopoly in the market and encourage local and small businesses. The new regulation will drive some of the major franchising players like KFC and McDonalds to cut or slow down on outlet expansions in the country.

By Rapti Gupta
'Kardashian Sisters Selling $14.5 Million "Kourtney and Kim Take Miami" Home

The Kardashian sisters' are selling their South Florida home for $14.5 million, reported Zillow blog.Kardashian Sisters Selling $14.5 Million "Kourtney and Kim Take Miami" Home

By Ansa Varughese
'Hong Kong Increasing Stamp Duties To Prevent Real Estate Bubble

To avoid a real estate bubble, Hong Kong is pressing for higher stamp duties to restrict home loans, reported Reuters.

By Ansa Varughese
'Candy Spelling Sues Landlord over Leasing Issues

Candy Spelling, widow of TV mogul Aaron Spelling has filed a lawsuit against her landlord over leasing issues. She claims that the landlord is trying to force her to vacate the place before the expiry of the lease. She also claims that she has been paying extra for utilities.

By Rapti Gupta
'Restoration Hardware to open Restaurant in its Boston Store

Restoration Hardware, the famous American furniture and Décor chain will be adding an eatery to its upcoming gallery and retail space in its Back Bay Store, Boston. It will open doors of its brand new store on March 7, 2013. Located at 234 Berkeley Street in Back Bay, the store has refurbished the building which once served as the New England Museum of Natural History.

By Rapti Gupta
'Morgan Stanley Real Estate Fund Buys Moscow Mall for $1.2 Billion

Morgan Stanley Real Estate Investing (MSREI) has purchased a commercial mall in Moscow, Russia for a huge $1.2 billion. The Metropolis Mall is located in the Northwest of Moscow and is the largest commercial deal of Russia till date.

By Rapti Gupta
'Tishman Speyer Wants More Deals with China Vanke

Just recently, news was out of China’s leading property development firm, China Vanke Company making its debut into the U.S. property market with a partnership deal with American real estate company, Tishman Speyer. With the partnership deal in its kitty, Speyer now hopes to rope in more joint ventures with Vanke.

By Rapti Gupta
'Iraq’s Real Estate Boom Will Offer Extensive Growth Opportunities to Foreign Investors

Iraq’s real estate sector has come a long way. Post the fall of Saddam Hussein, property prices have risen exponentially in the country leading to a real estate boom. However, this boom will provide maximum opportunities for foreign investment and growth in the area.

By Rapti Gupta
'Architect of Ground Zero Condemns Building for Despots

A leading architect from his own country and the Western world criticized architects who are willing to "build gleaming streets for despots," reported The Independent.

By Ansa Varughese
'Low-Income Hong Kong Families Forced to Live in Tiny Apartments (PHOTOS)

Hong Kong, well known for its high life and dramatic skylines, is hiding a dark secret. Low-income families living in unbearably cramped apartments under the most distressed of conditions, according to an article on the Daily Mail website.

By Ansa Varughese
'Fresno Seeing Commercial Real Estate Boost

The commercial real estate industry is looking better these days for Fresno, Calif., one of the state's largest cities. The first building since 2008 is being constructed and is expecting to bring dozens of well paying jobs with it, reported ABC30.

By Ansa Varughese
'MGM Resorts International Contemplating CityCenter Mall Sale

MGM Resorts International, the largest casino operator in Las Vegas is looking to sell parts of its property in the CityCenter complex on the Las Vegas Strip to get out of its “immense” debt. Potential buyers have already started approaching the management with proposals to purchase one of its luxury malls - The Crystals Mall worth $8.5 billion.

By Rapti Gupta