News

Reporter Tom Brokaw’s Smithers Hat Rack Ranch Sells for $1.7 M

Legendary TV journalist Tom Brokaw’s fishing ranch located in Smithers, British Columbia, Canada, has sold for $1.7 million. The journalist had listed the estate for sale sometime back in September 2012, asking for $1.8 million. The place has now sold for a slight discount.

Increasing Retail Rents in Hong Kong Wiping out Small Businesses from Major Commercial Districts

Small-scale retailers and business owners are being pushed out of the market in Causeway Bay and other shopping districts of Hong Kong due to the sharp increase in rents. With a large number of bigger market players flooding the areas, mom and pop stores and ground level retailers are suffering, because landlords are hiking rents up by almost 50 to 70 percent.

Blackstone Group LP Real Estate Arm Acquires Half of Multi Corp’s Debts

Blackstone Group LP’s real estate arm has reportedly taken over almost half of the Netherlands-based mall developer Multi Corp’s debts. The firm has also gained control over one of the latter’s malls in the U.K.
EDITOR'S PICKS