Rapti Gupta
Warehousing and logistics rents are the highest in Asia-Pacific Markets. According to a survey conducted by CBRE Group, the world’s largest commercial real estate services firm, six Asia Pacific cities were among the top ten most expensive logistics rental areas. London’s Royal Dutch Shell Center Redevelopment Plans Approved
A redevelopment plan of the site at Royal Dutch Shell Center on the southern banks of River Thames has been given the green light by the local council. Canary Wharf Group, a popular construction firm and Qatari Diar, a sovereign wealth fund of Qatar will be developing the site in a joint venture. China’s Sky City One to Break Ground in June; To Be Completed in 210 Days (VIDEO)
“Sky City One”, the future tallest skyscraper of the world is all set to break ground in June 2013, according to The Broad Sustainable Group, developers of the building. The Group announced in a statement that it has received all building permits and approval to start construction on the 2749 meter high-rise and will complete building in 210 days. Ex Live Nation Chairman, Irving Azoff, Buys Holmby Hills Mansion for $16 million (PHOTOS)
Irving Azoff, the ex- executive Chairman of music company, Live Nation has reportedly purchased a $16 million mansion in the Holmby Hills area of Los Angeles, California. Dexter Star Michael C Hall Snags Los Feliz Home for $3.8 Million (PHOTOS)
Michael C. Hall who plays Dexter Morgan on the crime-drama-thriller series, “Dexter” has reportedly purchased a nice single family residence in Los Feliz for a cool $3.8 million. The home last sold in May 2012 for around $2.09 million. It was originally listed for $3.92 million but Hall seems to have got it for a slight discount. Most Expensive Home in US Hits Listing Market With $190 Million Price Tag
Just around a month back the most expensive home of the U.S., the Penthouse atop the Pierre Hotel in New York came into the market with a $125 million price tag. However, a fresh listing has snatched the title from the former ‘Martin Zweig’ penthouse. A water-front mansion in Greenwich, Connecticut has forayed into the market with an asking price of $190 million. BlackRock Buying MGPA Private Equity Firm Marking its Debut in Asian market
BlackRock Inc., a popular asset management firm has agreed to acquire MGPA, a Singapore based private equity firm for an undisclosed amount, according to various media reports. BlackRock’s acquisition plan comes in an effort to increase its real estate assets, world-wide and also marks its debut in the Asian market. Yahoo Moving Office to New York’s Times Square
Tech giant, Yahoo! Inc. announced in a press conference on Monday, May 20 that it is moving its New York headquarters to the former head-office of New York Times at 43rd Street, East of Eighth Avenue in Times Square, New York City. Massive Tornado Wrecks Oklahoma; 51 Reported Killed (VIDEO)
A massive two-mile wide tornado that hit Oklahoma City in Oklahoma, Monday killed almost around 51 people and destroyed many buildings including two schools, according to media reports. Wealthy Chinese Investors Heating up Seattle Property Market
In the past few months, since the Chinese government started imposing stricter property rules, potential investors were drawn to the emergent markets of San Francisco, Los Angeles and Vancouver. However, looks like the seaport- city has also joined the list of cities that are favored by mainland Chinese investors. Saudi Arabia to Get New Real Estate Regulatory Body
In the latest Saudi Arabia International Real Estate Conference (SAIREC) held by the National Real Estate Committee of Saudi Arabia in association with Al-Iktissad Wal-Aamal Group, it was announced that a new administrative body, a real estate authority will be established in the country to look after the real estate sector Touring a “Glass-House” Shaped Cupcake Bakery (PHOTOS)
To enhance the experience of cupcakes, J.C. Architecture has designed a beautiful house-shaped glass cupcakery for the new confectionary experts, Les Bebes based in Taipei, China. Apparently, the architects derived the idea of the house-shaped façade from the packaging or rather, the cake boxes. “Foster the People” Frontman Mark Foster Buys Ranch Style Residence in Hollywood Hills for $2.1 Million (PHOTOS)
Mark Foster, the twenties something frontman of indie-pop band “Foster the People” has reportedly purchased a ranch style residence in Hollywood Hills, Los Angeles for $2.1 million. Daniel Craig and Rachel Weisz Renovating Their Home
The “Skyfall” star, Daniel Craig and his actress wife, Rachel Weisz are redecorating their plush home in Stone Ridge, New York. Funnyman Eddie Murphy Lists North Jersey Carriage House for $2.5 Million
Eddie Murphy of the “Nutty Professor” and “Raw” fame has reportedly listed another carriage house in Englewood, New Jersey that sits adjacent to the mansion he just sold to RnB power couple, Alicia Keys and Swizz Beatz. This home is listed for a price tag of $2.5 million, according to the New York Post. Howard Stern Rumored to Purchase Palm Beach Manse for $52 Million
Rumors have it that Howard Stern, the famous shock jock (radio personality) has purchased a mansion in Palm Beach, Florida for around $52 million. New York Townhouse Rumored to Belong to Tom Cruise Hits Listing Market for $28 Million (PHOTOS)
A townhouse in New York City, which is rumored to belong to the “Mission Impossible” actor, Tom Cruise has hit the listing market for a good $28 million. Zaha Hadid to Design Metro Station in Riyadh (PHOTOS)
The famous architect of the generation, Zaha Hadid and he firm have won a competition to build the King Abdullah Financial District Metro Station (KAFD) in Riyadh, Saudi Arabia, according to an announcement made by the ArRiyadh Development Authority, the government authority which is responsible for the city’s socio-economic, cultural and environmental development. China New Home Prices Climb in April Despite Property Curbs
New Home prices rose extensively across 67 of the 70 cities monitored in China by the National Bureau of Statistics of the country for the month of April, despite the property curbs taken by the government of China. Bill Ackman led Investor Group Buying Manhattan Duplex Penthouse for $90 Million
A group of investors being led by Hedge Fund manager, Bill Ackman is under contract to buy a plush duplex penthouse in Manhattan’s One57, a 90 story building, still under construction, for around $90 million. Delaware’s Only Frank Lloyd Wright Home Listed for $1.3 Million (PHOTOS)
The famous Dudley Spencer House in Wilmington, the only Frank Lloyd Wright home in Delaware has been listed for sale with an asking price of just $1.3 million. The private Usonian house has been listed in the National register of Historic Places. Hugh Hefner Buys Hollywood Hills Home worth $4.9 Million for Wife Crystal Harris (PHOTOS)
Hugh Hefner, the man behind the racy men's magazine, Playboy has reportedly purchased a home for his newlywed wife and former Playboy Playmate, Crystal Harris in Hollywood Hills, Los Angeles for a cool $4.9 million. Farrah Abraham Spotted Looking at $3 Million Pad in Bieber’s LA Community
Farrah Abraham, the woman who shot to fame recently with her explicit tape “Farrah Superstar: Backdoor Teen Mom” was recently spotted taking a look at a plush $3 million home in the famous neighborhood of the Oaks in Calabasas, Los Angeles – the same neighborhood which “teen heartthrob” Justin Bieber lives in. General Growth Properties Sells Stake in Mall for $410 Million; Enters into Partnership with TIAA-CREF
General Growth Properties Inc (GGP), a popular Real Estate Investment Trust (REIT) has sold its stakes in the famous Grand Canal Shoppes Mall and the Shoppes at Palazzo in the sin city, Las Vegas for a good $410 million. GGP, which owned the mall completely, sold 50 percent of the stake to TIAA-CREF, a national financial services organization for the aforementioned price, thus entering into a partnership deal Empire State Building IPO Plan on the Verge of Shareholder Approval
The controversial move of taking the historic Empire State Building public is almost on the verge of gaining majority approval from shareholders, as 79.6 percent of unit-holders have voted for the plan. US Mortgage Rates Rise in May but Still Remain at Historic Lows
The average U.S. borrowing rate for housing loans rose to reach new highs in May. However, rates remain at historical lows when compared on a year on year basis since 1971. Taylor Swift Fan Arrested for Trying to Trespass on her Rhode Island Manse
A 22-year-old Taylor swift fan has reportedly been arrested with charges of “trespassing” as he swam up to the shores, a mile away from Swift’s brand new Rhode island mansion. Enrique Murciano Lists Los Angeles Home for $1.7 Million (PHOTOS)
Enrique Murciano of the “666 Park Avenue” fame has reportedly listed his Los Angeles home for $1.7 million. Murciano had purchased the home sometime back in 2009 for $1.6 million and hopes to make a small profit on the sale, according to Realtor.com. An 'Upside Down Barefoot Mailman' Comes to Bal Harbour
An “Upside down barefoot Mailman” has reportedly set its “head” in the Founders Circle at Bal Harbour, a small village on the northern tip of Miami Beach, Florida. Ares Commercial Real Estate to Acquire Alliant Capital LLC for $62.8 Million
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.
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