Lowys bring some old razzle dazzle to Westfield
Frank Lowy's Westfield Corp is taking shopping centre entertainment to a whole new level with the acquisition of Broadway film and television business Scott Sanders Theatrical Productions.
Property
Ugly 1980s office transformed
Some buildings from the 1980s are returning to favour. But one such building chosen by an inner-city local council as its new headquarters, isn't one of them.
Google revisits White Bay for new headquarters
The long-anticipated move by internet giant Google to the Bays precinct, Sydney, is a step closer with the developers revealing the two groups are in talks over a potential lease.
Home approvals unexpectedly surge in July
An unexpected surge in home approvals is good news for renters, homebuyers and builders, but it may become a big drag on already sluggish inflation.
Chatswood offices in high demand
A major office tower at Chatswood with potential development opportunity is on the market by the owners, Linfield Developments, with a value of about $55 million.
Aged care provider targets Brunswick site
An aged care provider has pounced on a large development site in Brunswick, the latest in a string of deals as the sector jostles to cater for an undersupply of beds in the inner and middle ring suburbs.
Home presses ahead despite Lowe's' Masters ploy
Home Consortium, the group buying the $750 million Masters property portfolio, is "unfazed" by legal action launched by US retailer Lowe's to intervene in the Woolworths' wind-up deal.
Preston Market revamp to start in October
The owners of the Preston Market will move ahead with a $4 million revamp of the popular food halls despite opposition from local residents and traders.
GDI Property earmarks $300m-plus in office sales
GDI Property is looking to raise more than $300 million through the sale of two key office assets as its undertake a review of its portfolio.
Deals freeze up in Australia's lucrative office markets
Dealmaking in Australia's office market has plunged by the most since the global financial crisis as owners hang on to assets that are among the highest-yielding in the region.
Stockland ramps up green stars
Australia's sustainable ratings agency is set to ramp up its system for assessing residential communities as it unveils Green Star ratings for a suite of Stockland housing estates.
Investor snaps up industrial park for $15.1m
The four 20,000sq m buildings that make up the Hawdon Industry Park have been snapped up by a private investor for $15.1 million.
Low rates fire smaller commercial sales
Smaller commercial property transactions are in bull market territory, achieving record prices similar to the country's heated housing sector, as the Reserve Bank's latest rate cut drives a spike in activity.
Education surge makes city offices 'hot property'
Melbourne's booming education sector continues to drive demand for city offices, with a string of recent deals tying up nearly 6000 square metres of space.
Singaporeans pull out of Yarraville development deal
Singapore-listed restaurant operator ABR Holdings has pulled the plug on a $20 million deal to develop a former insulator factory in Yarraville in Melbourne's west.
Kidman bidding heats up as Rinehart mulls move
Australia's richest woman, Gina Rinehart, is looking to bid jointly with Chinese interests for Kidman & Co, one of the country's largest farm owners, sources say.
Sinopec profit slips as refining fails to counter oil crash
(Bloomberg) -- China Petroleum & Chemical Corp., the world's biggest oil refiner, posted a 22 percent decline in profit for the first half of the year as oil's collapse overpowered the boost from cheaper crude used to make fuels and chemicals.
As Fed nears rate hikes, policymakers plan for 'brave new world'
Federal Reserve policymakers are signaling they could raise U.S. interest rates soon but they are already weighing new tools they may need to fight the next recession.
The wealthy families who've become Australia's largest retail landlord with Masters deal
Woolworths' sale of its Masters stores will propel a consortium of wealthy private families to become Australia's largest retail landlord, overtaking shopping giant Harvey Norman.
Hotel investment welcomes higher visititations
Hotel investment is tipped to escalate in the coming year as investors seek to take advantage of the growth in overseas and domestic tourism in a market that is deemed under-supplied.
Watchdog rejects estate agents' attempt to rein in REA Group and Domain
Australia's corporate watchdog has rejected an attempt by 170 real estate agents to band together and collectively bargain for better ad rates on the dominant real estate websites and print publications owned by New Ltd and Fairfax.
Sydney fringe office markets in high demand
Metropolitan office markets are moving in on their city counterparts as the hot ticket in town for investment dollars.
Stock shortage fires up off-market deals
The lack of supply for investment-grade properties has led to more vendors going off market to achieve strong results.
Revamped laws a double-edged sword
Commercial property professionals will no longer be required to hold a real estate agent's licence for large property transactions under NSW government red tape reforms.
AMP Quay QTR goes to Lego land
AMP Capital's proposed $1 billion revamp of 50 Bridge Street, known as Quay Quarter, has come to life with a model of the project being constructed out of Lego bricks.
IOOF pays $20.75m for slice of ex-GMH factory
IOOF is paying $20.75 million for a high-profile building within Cbus Property's Estate One – an office and industrial park replacing Dandenong South's iconic General Motors Holden plant.
Seniors Living now a mainstream investment sector
Australia's population is ageing and accommodation requirements are evolving.
Deals and Deeds
CROWS NEST $805,000.
Victorian-era shopfront gets recycled into unique apartments
An 1890s Victorian shopfront, recycled to make way for a set of apartments, contains a 'ghost' of the original building.
John McGrath steps down as CEO in 'challenging' market
John McGrath's real estate business has called the housing market 'challenging' after stepping down as CEO.
Small Business
How this company is turning over $200 million in its third year
A travel site that reached $200m turnover in three years works hard on this one thing.
You can forget about crying babies on flights
This inventor has the solution to the problem all travellers hate.