Commercial
Update: Empire State Building IPO Battle Nearing Settlement
Defying Gravity: The “Upside-Down” World of a Boutique Store (PHOTOS)
Apple Revises Spaceship Headquarters Plans; Budget Shoots up to $5 Billion
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
One of the biggest company's in Manhattan real estate, Brookfield Office Properties Inc., is about to become the largest landlord in downtown Los Angeles, controlling five of the 10 tallest skyscrapers in the city, according to reports. Furniture of the Future: More Like Cooking Popcorn (VIDEO)
With the introduction of micro-apartments and smaller living spaces, everything is shrinking- Closets, kitchens and even furniture. A Belgian designer, Carl De Smet takes us far into the future of furniture. De Smet has designed some “foldable” chairs made of high-tech foam; however, they are more “cook-able” than foldable! Taking a Look at Prisons Shaped like iPhones and Clocks (PHOTOS)
Architectural craziness and creativity has no bounds, not even in “Prison”, literally! As William Schuster, the perky “Glee Club” teacher said, “Art is about pushing limits”, the folks at Talent Sãu Paulo, an ad agency has taken that quite to heart. Brookfield Properties to Acquire MPG Office Trust for $180 Million
Brookfield Office Properties Inc, a major commercial real estate firm is all set to acquire MPG Office Trust, another commercial property developer for around $180 million. The acquisition comes as Brookfield looks to expand its already growing business to the Los Angeles region. Zaha Hadid Named Businesswoman of the Year by Veuve Clicquot
Renowned architect, Zaha Hadid has been named the businesswoman of the year 2013 by Veuve Clicquot’s annual Business Woman Awards. A panel of judges from the famous champagne house, Veuve Clicquot chose Hadid as the deserving winner because of her immense contribution to the industry of art and architecture. They lauded her ‘zeal as a businesswoman’ and also the pace at which her firm, Zaha Hadid Architects has grown by leaps and bounds. Zillow to Take Earnings Call Questions via Facebook and Twitter
Online real estate website, Zillow has revealed that it will take its quarter earnings call questions via social networking sites, Facebook and Twitter. This move makes the company the first public firm to ever take up earnings call questions on social media. Update: Vornado Realty Trust Sells Stake in Boston Site to Millennium Partners
Vornado Realty Trust, a popular commercial real estate manager and REIT based in the U.S. has sold its stake in a site in Downtown Crossing, a small shopping district of Boston to Millennium Partners, another prominent commercial property firm. New York’s Rockaway Courthouse to be Converted into Medical Facility
New York’s long abandoned Rockaway Courthouse will reportedly be restored and converted into a medical facility. The New York City Economic Development Corporation and Mayor Michael Bloomberg announced in a press statement that they had selected a developer, The Harmony Group to undertake the redesigning project. Vornado Realty Trust To Sell Harlem Park Office Tower Site for $62 Million
Vornado Realty Trust, a popular commercial real estate manager in the U.S. has entered into contract to sell a parcel of land at Harlem Park and hopes the site to fetch $62 million. The buyer is yet to be identified. Update: Texas Fertilizer Explosion May Hold Back Expansions Worth $22 Billion
The deadly fertilizer plant explosion in Texas may hold back expansions and business worth $22 billion in the region, a report according to Bloomberg says. Apparently, many large industry players are planning expansions in the North American region. But the blast has raised apprehensions among regulators and communities to grant permission for setting up plants or factories.
