Commercial
General Growth Properties Sells Stake in Mall for $410 Million; Enters into Partnership with TIAA-CREF
Empire State Building IPO Plan on the Verge of Shareholder Approval
An 'Upside Down Barefoot Mailman' Comes to Bal Harbour
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
Ares Commercial Real Estate Corporation (ACRE) has reportedly entered into an agreement to buy Alliance Capital LLC, a real estate financial service firm owned by The Alliant Company LLC and the Alliant Inc for around $62.8 million, according to a press statement. Larry Flynt's Hustler Magazine Headquarters in Beverly Hills Sold for $89 Million
The 10-story Beverly Hills headquarters of Hustler Magazine, published and managed by Flynt Publications owner, Larry Flynt has sold for $89 million. The buyers were identified to be popular real estate investment trust, Douglas Emmett Inc. Barbie Dreamhouse Experience Opening in Berlin
Another stroke of marketing genius/desperate effort to raise sales, has made its way into the market with Mattel, the toy company that manufactures Barbie® dolls, opening “The Barbie Dreamhouse Experience” in Berlin, Germany May 16, 2013. Builders Submit Bids for Seward Park Lot Development
Plans of improving the Seward Park Lot on the Lower East Side of New York City have received a fresh boost as many affluent developers have submitted their bids to develop the six acre parcel. The large lot has nine separate plots. Bids were solicited for one or more plots. Twitter Leases Office Space in Sunnyvale, Debuts in South Bay
Micro blogging giant, Twitter Inc. has reportedly leased office space of around 8000 square feet near the Caltrain Station in Sunnyvale, one of the major cities that make up Silicon Valley, California. The move marks its debut in the South Bay area of the state, according to Mercury news. Downtown Miami Railway Station to Start Construction in Late 2013
Construction on the “All Aboard Florida” railway station is likely to begin in the latter half of 2013, project development officials said to the Miami Today, Thursday May 9. News International in Talks to Move Office to “The Baby Shard”
News International, a subsidiary of Rupert Murdoch owned publishing house, News Corporation is in advanced talks of shifting its U.K. base to a 17-story building, The Place. It is located just beside the Shard building near the river Thames. JPMorgan Unit Buying Manhattan Office Tower for $750 Million
JP Morgan Asset Management, a unit of JP Morgan Chase has agreed to buy a posh 31-story office building in Manhattan, New York for something around $750 million. The building is one of the two office towers that are being auctioned off by major property firm, Hines. World’s Smallest Hotel to Open in Copenhagen
Shrinking furniture and apartments can pull off being "micro" with a “cute, cozy and efficient” label but a hotel or resort always charms with size. But that is set to change now. The world’s smallest hotel will have just one room, one bathroom and will be located atop a small café when it opens in June. Sunstone Acquires New Orleans Hilton for $59.4 Million; Under Contract to Purchase Boston Park Plaza &Towers for $250 Million
Sunstone Hotel Investors Inc, a famous hotel industry investing firm has purchased the Hilton New Orleans hotel on St. Charles Avenue for $59.4 million and has also entered into contract to buy the famous Boston Park Plaza and Towers in Back bay, Boston for around $250 million. The firm just announced the transactions in its first quarter results ended March 31, 2013.
