News

Oracle CEO Larry Ellison Buys Another Property in Malibu

Larry Ellison, the witty Chief Executive of software giant, Oracle has spent something in the range of $200 million to $270 million on more than a dozen properties in Malibu through nine separate transactions over the last ten years. His latest purchase is a two-story, white stucco building in a three structure gated and walled private compound on Carbon Beach.

UBS Sub-Leasing Park Avenue Office Space to Cut Property Costs

UBS, the Swiss banking giant is reportedly cutting down on its leased office space in the 299 Park Avenue Building, a 42 story office tower located in Manhattan, New York. The move comes as the company is looking to cut down its property costs.

Real Estate Brokers to Drop “Inflated” Titles

Looks like the business card printing stores in New York will get a fresh influx of orders, largely from real estate brokers . The Real Estate Board of New York will soon impose a ban on the titles that these agents carry.