Commercial
AGC Report: Private Sector Demand Boosts Construction Employment in America
Kenya to Welcome New Silicon City, Construction Plans Unveiled
Chris Bosh Puts up Pacific Palisades Home for Rent
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
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. 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. 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. New York LaGuardia Airport Hotel Traded for $22 Million
The LaGuardia Airport Marriott Hotel in New York has sold for $22 million, almost one third of its sale price in 2007. The 438 room hotel was acquired by a real estate investing firm, Rubicon Cos. Google Purchases Plot in London for $1 Billion to Build New Headquarters
Google Inc. has purchased a 2.4 acre plot on the Kings Cross Central Plot for $1 billion.Construction is expected to start in late 2013 and is slated to be completed by 2016. New York Cosmos Plans New Stadium in Belmont
Along with its comeback declaration, The Cosmos have also released plans of building a 25,000-seater stadium at the Belmont Park Racing Track in Nassau County. Plans of the project have been submitted to the Empire State Development Corporation which will decide and analyze the feasibility of the project later this year. 75 percent of London’s Hot Property, Battersea Power station Phase, Sells Out
Around 75 percent of Battersea Power Station project's Phase, one of the units have sold out. Bookings have already started at a super-fast rate. Phase-one will hold residential units while phase-two will comprise of retail and office space units. Cooper Square in New York to Get a New High Rise at Astor Place
A brand new building is all geared up to break ground soon at 51 Astor Place, Cooper Square. The 13 story building will be used for both office and educational purposes. The building is being developed by Edward J. Minskoff who has negotiated a lease of $97 million for 99 years for the building. Commercial Property Sales Decline in Australia
Australian retail real estate markets are hitting new lows. In the fourth quarter of 2012, total sales declined by 33 percent. The decline is attributed to decreasing foreign investment activity in the country. Boston’s 100 Federal Street to Add Retail at its Base
The famous financial district building of Boston, 100 Federal Street, will soon see some retail store additions at its base. Rumors have it that most of the stores will be eateries. However, the place has not been leased or rented to any entity yet.
