Commercial

'Sheraton Huzhou Hot Spring Resort, Latest Masterpiece of Sheraton Hotels

Sheraton Hotels and Resorts, a brand of The Starwood Hotels and Resorts Worldwide has just welcomed the newest member to their already existing hotels, The Sheraton Huzhou Hot Spring Resort. The resort is a horse-shoe shaped structure and is built by Beijing based architect, Ma Yansong, a member of the MAD Architects.

'Brookfield Asset Management Subsidiary in Brazil Sued For Bribery

A subsidiary of Brookfield Asset Management, a global real estate investing firm in Brazil has been sued by a state prosecutor for bribing government officials in order to obtain construction permits for the Shopping Patio Paulista Mall.

'FBI to Move Headquarters; Looking for Better Sites

The FBI is geared up to shift base from its existing J. Edgar Hoover building in Pennsylvania Avenue, Washington D.C. The G.S.A announced in a press meet that it was looking for developers to buy the building.
EDITOR'S PICKS
  • 'Time Warner Considering Sale of its New York Headquarters
    Media Giant, Time Warner is contemplating selling its Columbia Circle Headquarters, The Time Warner Center. The company has requested three real estate firms to calculate the building's net worth. However, it has not decided on the sale yet. Various other options like leasing the building have also been considered.
    By Rapti Gupta
  • 'London’s Legendary Smithfield Marketplace to be Redeveloped
    London's historic Smithfield Marketplace will undergo redevelopment as plans for the renovation will be submitted to the city later in February, 2013. An Australian development group, Henderson Global Investors will be handling the $258.2 million renovation project.
    By Rapti Gupta
  • 'Pershing Square in LA to Get Major Makeover
    The oldest public plaza of Los Angeles, Pershing Square is all geared up to receive a makeover again. Seed money for the new improvements will be financed by leading entertainment and sports firm, AEG, who have sanctioned a $7 million grant for the development of the park.
    By Rapti Gupta
  • 'The Grand Central of New York Celebrates 100 Years
    "The Grand Central Station" celebrated 100 years of its standing glory on February 1, 2013. The Famous building is the largest station in the world with 44 high end platforms and 67 tracks. New Yorkers celebrated their beloved building's birthday with much pomp and glory.
    By Rapti Gupta
  • 'New Construction Increased by 6 percent Annually, says Report
    In a recent report analyzed by McGraw Hill Construction, it was revealed that the number of new construction went up significantly in December 2012 after a gloomy period of the previous two months. The total rate of construction also went up by 6 percent over the year.
    By Rapti Gupta
  • 'AGC Report: Private Sector Demand Boosts Construction Employment in America
    In a recent study conducted by the Associated General Contractors of America (AGC), it was revealed that private sector construction demands bolstered the creation of construction jobs in a number of metropolitan areas across the country. However, some areas are still suffering due to low public sector and commercial construction demands.
    By Rapti Gupta
  • 'Kenya to Welcome New Silicon City, Construction Plans Unveiled
    Plans of building a brand new Tech-hub on an empty 5000 acre Savannah, just 37 miles south-east of Nairobi were revealed by the President of Kenya on January 23, 2013. The project is a 14.5 billion plan that will take around 20 years to complete. The project is expected to generate 200,000 jobs by 2030.
    By Rapti Gupta
  • 'Chris Bosh Puts up Pacific Palisades Home for Rent
    The Power Forward of Miami Heat, Chris Bosh has reportedly put up his Pacific Palisades property for rent and is asking for a monthly charge of $45,000. Bosh and his wife purchased the Mediterranean style property in 2012 for $9.4 million.
    By Rapti Gupta
  • 'New York’s Plaza Hotel Sold to Indian Conglomerate Sahara Group
    Kingdom Holdings Group, headed by Saudi Arabian Prince- Prince Alwaleed bin Talal has reportedly sold 75 percent of the hotel's stake to an Indian Conglomerate- Sahara Group, owned by Subrata Roy. The Plaza hotel remains one of the significant landmarks of the city.
    By Rapti Gupta
  • 'Bangkok Gears Up to Get its Tallest Skyscraper
    The ultra-modern "Sin City" of Asia, Bangkok is all geared up to welcome its tallest building - the MahaNakhon. The building will be a luxury mixed-use skyscraper towering at a height of 314 meters with 77 floors. The place will also feature Ritz Carlton apartments and a boutique hotel designed by Ian Schrager.
    By Rapti Gupta
  • 'Builders Bank on Office Spaces to See Through Sluggish Phase
    Real estate firms are optimisti c about building more office spaces as they hope to rope in companies whose office building leases are set to expire. Though the office market has been sluggish of late, hopes are high on the new building construction.
    By Rapti Gupta
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