Black Friday kicks off the Christmas retail season
With less than five weeks to go, its starting to feel a lot like Christmas.
With less than five weeks to go, its starting to feel a lot like Christmas.
The 'spring-selling' season has seen a defiant return of Chinese buyers, who are sidestepping lending restrictions and found new avenues to re-enter the market.
Owners of a local plumbing supply business have banked more than $13 million selling a Coburg retail asset after obtaining a permit to replace it with a six-level complex with shops, offices and 129 dwellings.
A defiant John McGrath, dubbed "'Mr Sydney real estate'', has vowed to stick with the company for the duration, while telling shareholders he "shares their pain".
Is Sydney property suddenly totally out of synch? One major agent thinks so.
Capital Bluestone and Club Bondi Junction RSL have entered into an agreement to redevelop the Club's significant site into a revitalised venue and residential hub.
Office landlords are in the box seat, to the detriment of tenants, with prime rents rising by 2 per cent in the past three months, as the race for space gathers momentum, according to CBRE.
Local developer Tony Huang has big plans for the Daily Planet brothel building in Elsternwick which his company purchased last week for $12.66 million.
Fund manager Australian Unity has splashed out nearly $13 million on an industrial property leased to Mainfreight in Springvale.
Global sneaker retailer Foot Locker will open a House of Hoops when it opens its new shop on the Bourke Street Mall mid-2017.
A swath of new retailers are eyeing off the viability of entering Australia, depending on being able to secure flagship sites in capital cities or in the expanding suburban malls, according to new research from Colliers International.
Credit card misuse and an ongoing fraud investigation by the Australian Federal Police has overshadowed Defence Housing Australia's solid financial performance during 2015.
Former Wallaby Bill Young has beefed up his pub portfolio with the $28.75 million purchase of the freehold Five Dock Hotel from the Lantern Hotel Group.
A Malaysian Investor paid a healthy $5 million on a tight 4.86 per cent yield for 156 Burgundy Street, a 420sq m shop leased to Chemist Warehouse for $243,101 a year.
A new start-up backed by fund manager Impact Investment Group and run by two former investment bankers hopes to be the next Ernst & Young for the commercial and industrial property sector.
Private health provider Cabrini has won a bid to expand its Malvern hospital with a new seven-level building despite multiple objections from neighbouring residents about privacy, traffic, light intrusion and noise.
Food delivery services are becoming the latest disrupter in the retail sector and are shaping the way, restaurant tenants select their next location.
Asia-Pacific's Mercedes Benz distributor has signed the largest lease in the Goodman Group's Sydney Corporate Park, at 160 Bourke Road, Alexandria, this year in a deal struck by LJ Hooker Commercial South Sydney.
WeWork – a start-up "experiment" established six years ago in Manhattan – is understood to be leasing a Melbourne CBD building which made headlines last year when the landlord sensationally locked out long-standing occupant, Roy Morgan Research.
Manly Wharf is set to have a $9 million facelift with the owner, Seagrass Capital, looking to add a second storey as well as upgrade the existing facilities.
State Planning Minister Rob Stokes knew when he attended the CBRE Large Format Retail Association forum in Sydney on Monday, that it was going to be a tough audience.
In the lower-for-longer interest rate environment, falling yields are now a reality of property, but savvy investors are beginning to look past initial yield for attractive total returns.
Serviced office providers have quietly risen to the challenge posed by fast-growing and trendy new co-working spaces by offering their own version of the product.
Shareholders in Goodman Group have shown their disapproval at chief executive Greg Goodman's pay and bonus, with 40 per cent voting against the commercial property group's remuneration report.
Co-working spaces are becoming key drivers in the commercial property market, with WOTSO and US-based WeWork leading the way.
SILVERWATER $11.35 m
Making a fit-out appear old takes considerable skill. It goes well beyond creating a few stressed finishes and bringing in some old fixtures and fittings. However, creating a time warp in the style of a 1920s railway station/beer hall has been successfully achieved at Stomping Ground in Gipps Street, Collingwood. "Our client summed up his brief in one sentence: 'Make this place look around 100 years old'," says interior designer Yaron Kanor, director of Studio Y.
Billionaire Sydney-based developer Lang Walker has hit the property jackpot with the massive Collins Square project contributing to a bonanza $245 million before tax profit.
With the swag of new international labels, Sydney's Pitt Street Mall and Melbourne's Bourke Street Mall have cemented their places as some of the most expensive locations in the world to rent a store.
Charter Hall's Prime Office Fund has signed global law firm Clyde & Co as a key anchor tenant at its 333 George Street development in Sydney's CBD.
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